Global Business Travel Group

GBTG • NYSE

Global Business Travel Group is a software - application company in the technology sector on NYSE, led by Paul Abbott, with a market cap of $4.2B. As of Q3 2025, 52% of shares are held by 159 institutional investors, with AMERICAN EXPRESS CO as the largest holder at 29.81%.

Chief Executive Officer of Global Business Travel Group, Inc.Paul Abbott

Market Cap$4.2B

Software - Application

Technology

Employees19.0K

Websiteamexglobalbusinesstravel.com

Country

United States of America

Overview

Overview of institutional ownership in GBTG as of Q3 2025 with a market cap of $4.3B

All Institutions

Institutions: 159
Value Held: $2.2B
Shares Held: 281.4M
Avg Position: $14.0M
Median Position: $198.0K

Hedge Funds

Hedge Funds: 35
Value Held: $361.3M
Shares Held: 44.6M
Avg Position: $10.3M
Median Position: $508.3K

Ownership Breakdown

Institutional (non-HF)

43.45%

$1.9B

Hedge Funds

8.45%

$361.3M

Retail & Other

48.1%

$2.1B

Based on market cap of $4.3B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in GBTG as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
AMERICAN EXPRESS CO Institution	Stephen J. Squeri CEO	$1.3B 99.97% of portfolio	29.81% 157.8M shares	Q4 2023 Held for 1y 11m	$1.3B
REDWOOD CAPITAL MANAGEMENT, LLC Hedge Fund•Distressed	Sean Ira Sauler CEO	$173.3M 19.27% of portfolio	4.05% 21.5M shares	Q3 2025 Held for 2 months	$899.4M
A Apollo Management Holdings, L.P. Institution	-	$153.2M 2.74% of portfolio	4.86% 25.7M shares	Q2 2022 Held for 3y 5m	$5.6B
ARES MANAGEMENT LLC Private Equity	Michael J (Mi Only) Arougheti CEO	$112.2M 5.15% of portfolio	2.62% 13.9M shares	Q2 2022 Held for 3y 5m	$2.2B
VANGUARD GROUP INC Institution	Salim Ramji CEO	$89.8M 0.00% of portfolio	2.10% 11.1M shares	Q3 2022 Held for 3y 2m	$6.69T
B BlackRock, Inc. Institution	-	$63.4M 0.00% of portfolio	1.48% 7.9M shares	Q3 2022 Held for 3y 2m	$5.67T
Anchorage Capital Advisors, L.P. Hedge Fund•Distressed	Yale Jacob Baron CIO	$58.1M 57.33% of portfolio	1.36% 7.2M shares	Q3 2025 Held for 2 months	$101.3M
Monarch Alternative Capital LP Hedge Fund•Distressed	Michael Andrew Weinstock CEO	$57.7M 13.71% of portfolio	1.35% 7.1M shares	Q3 2025 Held for 2 months	$420.7M
B Boundary Creek Advisors LP Hedge Fund•Multi-Strategy	Peter Douglas Greatrex CEO	$22.9M 100.00% of portfolio	0.52% 2.7M shares	Q3 2025 Held for 2 months	$22.9M
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$22.8M 0.00% of portfolio	0.53% 2.8M shares	Q1 2024 Held for 1y 8m	$466.32B

Net Capital Flow

Institutional buying and selling activity for GBTG in Q3 2025

Traded: +$309.0M
Buyers: 82
Sellers: 81
Total Bought: +$349.7M
Total Sold: −$40.7M
Avg Position: $11.7M

Biggest Buyers

Institution	Net Bought	Current Position
REDWOOD CAPITAL MANAGEMENT, LLC Hedge Fund•Distressed	+$173.3M +21.5M shares	$173.3M 21.5M shares
Anchorage Capital Advisors, L.P. Hedge Fund•Distressed	+$58.1M +7.2M shares	$58.1M 7.2M shares
Monarch Alternative Capital LP Hedge Fund•Distressed	+$57.7M +7.1M shares	$57.7M 7.1M shares
B Boundary Creek Advisors LP Hedge Fund•Multi-Strategy	+$22.9M +2.7M shares	$22.9M 2.7M shares
WELLINGTON MANAGEMENT CO LLP Long Only Manager	+$7.0M +861.0K shares	$7.0M 861.0K shares
DIMENSIONAL FUND ADVISORS LP Long Only Manager	+$3.7M +458.1K shares	$22.8M 2.8M shares
Blackstone Group L.P. Institution	+$2.9M +355.8K shares	$2.9M 355.8K shares
B BlackRock, Inc. Institution	+$2.6M +318.2K shares	$63.4M 7.9M shares
MORGAN STANLEY RIA/Wealth	+$2.4M +296.7K shares	$6.3M 780.6K shares
GEODE CAPITAL MANAGEMENT LLC ETF Provider	+$2.3M +284.0K shares	$19.2M 2.4M shares

Biggest Sellers

Institution	Net Sold	Current Position
CARRONADE CAPITAL MANAGEMENT, LP Hedge Fund•Distressed	−$7.3M −906.8K shares	$13.8M 1.7M shares
Q Qube Research & Technologies Ltd Institution	−$3.4M −417.1K shares	$370.1K 45.8K shares
Golden State Wealth Management, LLC RIA/Wealth	−$2.4M −388.2K shares	Sold Off 0 shares
FIRST TRUST ADVISORS LP ETF Provider	−$2.4M −385.5K shares	Sold Off 0 shares
Beach Point Capital Management LP Hedge Fund•Multi-Strategy	−$2.3M −286.9K shares	$3.9M 483.2K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$2.2M −266.8K shares	$508.3K 62.9K shares
H HRT FINANCIAL LLC Institution	−$1.8M −290.8K shares	Sold Off 0 shares
Emmett Investment Management, LP Hedge Fund•Long/Short	−$1.7M −208.8K shares	$1.8M 229.4K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$1.4M −175.2K shares	$494.0K 61.1K shares
Advantage Alpha Capital Partners LP Hedge Fund•Market Neutral	−$1.3M −165.7K shares	$5.1M 630.0K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited GBTG in Q3 2025

New Positions: 20
New Value: $323.8M
Exited Positions: 28
Exited Value: $13.9M

New Positions

Institution	Position Value
REDWOOD CAPITAL MANAGEMENT, LLC Hedge Fund•Distressed	$173.3M 21.5M shares
Anchorage Capital Advisors, L.P. Hedge Fund•Distressed	$58.1M 7.2M shares
Monarch Alternative Capital LP Hedge Fund•Distressed	$57.7M 7.1M shares
B Boundary Creek Advisors LP Hedge Fund•Multi-Strategy	$22.9M 2.7M shares
WELLINGTON MANAGEMENT CO LLP Long Only Manager	$7.0M 861.0K shares
Blackstone Group L.P. Institution	$2.9M 355.8K shares
V VIRGINIA RETIREMENT SYSTEMS ET AL Institution	$647.2K 80.1K shares
ZACKS INVESTMENT MANAGEMENT RIA/Wealth	$504.7K 62.5K shares
S State of Alaska, Department of Revenue Institution	$211.3K 26.2K shares
B Bridgefront Capital, LLC Hedge Fund•Quant	$138.4K 17.1K shares

Exited Positions

Institution	Previous Position
Golden State Wealth Management, LLC RIA/Wealth	$2.4M 388.2K shares
FIRST TRUST ADVISORS LP ETF Provider	$2.4M 385.5K shares
H HRT FINANCIAL LLC Institution	$1.8M 290.8K shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$1.3M 204.6K shares
Weiss Asset Management LP Hedge Fund•Multi-Strategy	$973.0K 154.4K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$772.5K 122.6K shares
OCCUDO QUANTITATIVE STRATEGIES LP Hedge Fund•Market Neutral	$555.2K 88.1K shares
R READYSTATE ASSET MANAGEMENT LP Hedge Fund•Multi-Strategy	$513.1K 81.4K shares
JUPITER ASSET MANAGEMENT LTD Long Only Manager	$382.7K 60.7K shares
STATE OF WISCONSIN INVESTMENT BOARD RIA/Wealth	$373.2K 59.2K shares

Options Activity

Institutions with the largest Call and Put options positions in GBTG as of Q3 2025

Call Positions: 0
Call Value: -
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
No call positions found

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

Institutions with GBTG as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
B Boundary Creek Advisors LP Hedge Fund•Multi-Strategy	Peter Douglas Greatrex CEO	100.00% $22.9M	0.52% 2.7M shares	Q3 2025 Held for 2 months	$22.9M
AMERICAN EXPRESS CO Institution	Stephen J. Squeri CEO	99.97% $1.3B	29.81% 157.8M shares	Q4 2023 Held for 1y 11m	$1.3B
Anchorage Capital Advisors, L.P. Hedge Fund•Distressed	Yale Jacob Baron CIO	57.33% $58.1M	1.36% 7.2M shares	Q3 2025 Held for 2 months	$101.3M
REDWOOD CAPITAL MANAGEMENT, LLC Hedge Fund•Distressed	Sean Ira Sauler CEO	19.27% $173.3M	4.05% 21.5M shares	Q3 2025 Held for 2 months	$899.4M
Monarch Alternative Capital LP Hedge Fund•Distressed	Michael Andrew Weinstock CEO	13.71% $57.7M	1.35% 7.1M shares	Q3 2025 Held for 2 months	$420.7M
ARES MANAGEMENT LLC Private Equity	Michael J (Mi Only) Arougheti CEO	5.15% $112.2M	2.62% 13.9M shares	Q2 2022 Held for 3y 5m	$2.2B
P PB INVESTMENT PARTNERS, L.P. Institution	-	5.10% $7.5M	0.18% 930.1K shares	Q2 2024 Held for 1y 5m	$147.3M
A Apollo Management Holdings, L.P. Institution	-	2.74% $153.2M	4.86% 25.7M shares	Q2 2022 Held for 3y 5m	$5.6B
Ballast Asset Management, LP Long Only Manager	Ragen R Stienke Managing Partner	1.87% $4.1M	0.10% 506.0K shares	Q3 2023 Held for 2y 2m	$219.1M
Beach Point Capital Management LP Hedge Fund•Multi-Strategy	Carl Henry Goldsmith CEO	1.82% $3.9M	0.09% 483.2K shares	Q1 2024 Held for 1y 8m	$215.0M

Hedge Fund Spotlight

Discover hedge funds investing in GBTG

GSA CAPITAL PARTNERS LLP

Hedge Fund • Quant

Portfolio ManagerDavid Khabie-Zeitoune

Portfolio Value: $1.1B
Positions: 1,504
Last Reported: Q3 2025

Sector Allocation

Position in Global Business Travel Group

Market Value: $268.1K
Shares Held: 33.2K
Portfolio Weight: 0.02%
Owned Since: 2025-Q3

Top Holding	Sector	Market Value	Weight
1 Accenture ACN	Information Technology Services Technology	$5.6M	0.50%
2 Sprouts Farmers Market SFM	Grocery Stores Consumer Defensive	$5.2M	0.46%
3 Microsoft MSFT	Software - Infrastructure Technology	$4.8M	0.43%