Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

GLOBAL BUSINESS TRAVEL GROUP (GBTG)

158 + Investors. Track Smart Money conviction in GBTG. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +10
Streak
1Q ▲
Buyers last Q
65%

Smart Money Signals — GBTG

Based on 158 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added GBTG than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
158 hedge funds hold GBTG right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
🚀

Fast accumulation — +26% more funds vs a year ago

fund count last 6Q
+33 new funds entered over the past year (+26% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟢

More buyers than sellers — 65% buying

104 buying55 selling
Last quarter: 104 funds were net buyers (30 opened a brand new position + 74 added to an existing one). Only 55 were sellers (35 trimmed + 20 sold completely). A clear majority buying is a strong confirmation signal.
➡️

Steady new buyers — ~30 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 34 → 37 → 29 → 30. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
📌

Mixed — 28% long-term, 32% new

■ 28% conviction (2yr+) ■ 40% medium ■ 32% new
Of the 158 current holders: 44 (28%) held >2 years, 63 held 1–2 years, and 51 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.
💎

Buying through price weakness — shares +4%, value -97%

Value
-96%
Shares
+3%
Last quarter: funds added +4% more shares while total portfolio value only changed -97%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📊

Peak discovery — momentum slowing

42 → 34 → 37 → 29 → 30 new funds/Q
New funds entering each quarter: 34 → 37 → 29 → 30. GBTG is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
📊

Mixed cohorts — 35% veterans, 46% new entrants

■ 35% veterans ■ 18% 1-2yr ■ 46% new
Of 158 current holders: 56 (35%) held 2+ years, 29 held 1–2 years, 73 (46%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
📋

Smaller funds dominant — 11% AUM from top-100

11% from top-100 AUM funds
33 of 158 holders rank in the top 100 by AUM, but together hold only 11% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
4.0
out of 10
Moderate Exit Risk
Exit risk score 4.0/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — GBTG

In 2025 Q4, 104 hedge funds were net buyers of GBTG (30 opened a new position, 74 added to an existing one), while 55 reduced or exited (35 trimmed, 20 sold completely) — a 65% buyer ratio, indicating clear institutional accumulation. Net fund flow last quarter: +10 funds (more new holders than closures). Total institutional holders: 158.

Hedge Fund Ownership: GBTG

How many hedge funds hold GBTG — quarterly history vs. share price
Quarterly hedge fund ownership of GBTG vs. share price

Market Analysis: GBTG

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: GBTG

Consumer Cyclical Travel Services

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

35 top-rated funds 4 high-conviction
Consensus
6.8
/ 10
breadth
×
Elite
4.3
/ 10
conviction
Hedge Fund Positioning: GBTG
2026 Q1 Stats Unlock in 8 days 158 + Investors

Track Smart Money conviction in GBTG. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 158 148 6.76%
13F Shares 291M 281M 3.57%
Total Value $2.23B $64.13B -96.53%
New Positions 30 29 +1
Increased Positions 74 48 +26
Closed Positions 20 29 -9
Reduced Positions 35 51 -16
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: GBTG

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
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Total Cash (mrq) --
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Institutional Holders (2026 Q1)

158 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in GBTG. Verified SEC 13F-HR filings.

Top 25 institutional holders of GBTG — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 AMERICAN EXPRESS CO 100.00% 157,786,199 $880.4M
2 Attestor Capital Ltd 12.80% 8,878,004 $48.6M
3 PB INVESTMENT PARTNERS, L.P. 4.09% 930,961 $5.2M
4 Ballast Asset Management, LP 1.24% 501,344 $2.8M
5 American Capital Advisory, LLC 0.28% 122,645 $684K
6 WULFF, HANSEN & CO. 0.13% 23,126 $129K
7 PIER 88 INVESTMENT PARTNERS LLC 0.04% 25,900 $145K
8 HARBOR CAPITAL ADVISORS, INC. 0.03% 74,688 —
9 AlphaQuest LLC 0.03% 78,338 $599K
10 Verdence Capital Advisors LLC 0.03% 82,132 $458K
11 Inscription Capital, LLC 0.01% 25,092 $140K
12 Wealthspire Advisors, LLC 0.01% 258,593 $1.4M
13 Ethic Inc. 0.00% 30,939 $173K
14 INTECH INVESTMENT MANAGEMENT LLC 0.00% 45,564 $254K
15 VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% 6,442,231 $35.9M
16 Versant Capital Management, Inc 0.00% 3,407 $19K
17 SUMMIT SECURITIES GROUP LLC 0.00% 2,575 $14K
18 State of Alaska, Department of Revenue 0.00% 26,842 —
19 Police & Firemen's Retirement System of New Jersey 0.00% 32,175 $180K
20 VANGUARD FIDUCIARY TRUST CO 0.00% 868,158 $4.8M
21 Arizona State Retirement System 0.00% 29,081 $162K
22 VANGUARD CAPITAL MANAGEMENT LLC 0.00% 6,582,303 $36.7M
23 Swiss National Bank 0.00% 208,700 $1.2M
24 Handelsbanken Fonder AB 0.00% 30,900 —
25 Jefferies Financial Group Inc. 0.00% 13,612 $76K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — GLOBAL BUSINESS TRAVEL GROUP (GBTG)

What does the Smart Money Trend signal show for GBTG?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added GBTG than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for GBTG?

More buyers than sellers — 65% buying: Last quarter: 104 funds were net buyers (30 opened a brand new position + 74 added to an existing one). Only 55 were sellers (35 trimmed + 20 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for GBTG holders?

Smaller funds dominant — 11% AUM from top-100: 33 of 158 holders rank in the top 100 by AUM, but together hold only 11% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held GBTG?

Mixed — 28% long-term, 32% new: Of the 158 current holders: 44 (28%) held >2 years, 63 held 1–2 years, and 51 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.