American Express Global Business Travel
GBTG
98 hedge funds and large institutions have $1.89B invested in American Express Global Business Travel in 2024 Q3 according to their latest regulatory filings, with 31 funds opening new positions, 36 increasing their positions, 17 reducing their positions, and 6 closing their positions.
417% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 6
112% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 17
32% more funds holding
Funds holding: 74 → 98 (+24)
22% more capital invested
Capital invested by funds: $1.55B → $1.89B (+$347M)
2.43% more ownership
Funds ownership: 49.64% → 52.06% (+2.4%)
22% less funds holding in top 10
Funds holding in top 10: 9 → 7 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$74.2M |
| 2 |
BlackRock
New York
|
+$9.06M |
| 3 |
Northern Trust
Chicago,
Illinois
|
+$5.47M |
| 4 |
AM
Ares Management
Los Angeles,
California
|
+$3.55M |
| 5 |
Renaissance Technologies
New York
|
+$3.51M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HVCM
HG Vora Capital Management
New York
|
-$14.4M |
| 2 |
BPCM
Beach Point Capital Management
Santa Monica,
California
|
-$14.1M |
| 3 |
DC
Dendur Capital
New York
|
-$6.07M |
| 4 |
TCA
Taconic Capital Advisors
New York
|
-$1.7M |
| 5 |
AGM
Alpine Global Management
New York
|
-$1.7M |
GBTG Hedge Fund Activity: Q3 2024 in Review
98 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in American Express Global Business Travel (GBTG) for Q3 2024, worth a combined $1.89B — up 22% from $1.55B a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new GBTG positions and 6 closed out — a net gain of 25 holders — while 36 added to existing stakes and 17 trimmed.
The largest buyer was Vanguard Group, adding an estimated $74.2M. The largest seller was HG Vora Capital Management, exiting entirely with an estimated $14.4M sold.
- 98 institutional investors held American Express Global Business Travel (GBTG) as of Q3 2024, up from 74 in Q2 2024.
- Funds reported $1.89B of American Express Global Business Travel stock for Q3 2024, up 22% quarter-over-quarter.
- 31 funds opened new American Express Global Business Travel positions in Q3 2024 and 6 closed out, a net change of +25 holders.
- The largest American Express Global Business Travel buyer in Q3 2024 was Vanguard Group, an estimated $74.2M added.
- The largest American Express Global Business Travel seller in Q3 2024 was HG Vora Capital Management, an estimated $14.4M sold.
Based on aggregated 13F filings for Q3 2024.