American Express Global Business Travel
GBTG
149 hedge funds and large institutions have $1.74B invested in American Express Global Business Travel in 2025 Q1 according to their latest regulatory filings, with 36 funds opening new positions, 56 increasing their positions, 36 reducing their positions, and 20 closing their positions.
80% more first-time investments, than exits
New positions opened: 36 | Existing positions closed: 20
56% more repeat investments, than reductions
Existing positions increased: 56 | Existing positions reduced: 36
12% more funds holding
Funds holding: 133 → 149 (+16)
0% more funds holding in top 10
Funds holding in top 10: 6 → 6 (0)
0.38% less ownership
Funds ownership: 50.83% → 50.45% (-0.38%)
22% less capital invested
Capital invested by funds: $2.22B → $1.74B (-$479M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Dimensional Fund Advisors
Austin,
Texas
|
+$6.35M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$3.82M |
| 3 |
BlackRock
New York
|
+$3.1M |
| 4 |
AACP
Advantage Alpha Capital Partners
San Francisco,
California
|
+$2.96M |
| 5 |
Goldman Sachs
New York
|
+$2.48M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Carronade Capital Management
Darien,
Connecticut
|
-$10.9M |
| 2 |
BPCM
Beach Point Capital Management
Santa Monica,
California
|
-$5.34M |
| 3 |
Bank of New York Mellon
New York
|
-$4.02M |
| 4 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$1.22M |
| 5 |
Schroder Investment Management Group
London,
United Kingdom
|
-$1.11M |
GBTG Hedge Fund Activity: Q1 2025 in Review
149 of the 7,473 institutional investors tracked by Wall St. Rank reported a position in American Express Global Business Travel (GBTG) for Q1 2025, worth a combined $1.74B — down 22% from $2.22B a quarter earlier.
Buyers outnumbered sellers: 36 funds opened new GBTG positions and 20 closed out — a net gain of 16 holders — while 56 added to existing stakes and 36 trimmed.
The largest buyer was Dimensional Fund Advisors, adding an estimated $6.35M. The largest seller was Carronade Capital Management, cutting an estimated $10.9M.
- 149 institutional investors held American Express Global Business Travel (GBTG) as of Q1 2025, up from 133 in Q4 2024.
- Funds reported $1.74B of American Express Global Business Travel stock for Q1 2025, down 22% quarter-over-quarter.
- 36 funds opened new American Express Global Business Travel positions in Q1 2025 and 20 closed out, a net change of +16 holders.
- The largest American Express Global Business Travel buyer in Q1 2025 was Dimensional Fund Advisors, an estimated $6.35M added.
- The largest American Express Global Business Travel seller in Q1 2025 was Carronade Capital Management, an estimated $10.9M sold.
Based on aggregated 13F filings for Q1 2025.