Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Global Business Travel Group (GBTG)

165 + 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
↓ -2
Streak
1Q ▼
Buyers last Q
48%

Smart Money Signals — GBTG

Based on 165 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their GBTG positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🏔️

At the ownership peak (99% of max)

99% of all-time peak
165 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.
📶

Steady growth — +16% more funds vs a year ago

fund count last 6Q
+23 new funds entered over the past year (+16% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟠

More sellers than buyers — 48% buying

90 buying97 selling
Last quarter: 97 funds reduced or exited vs 90 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
📈

More new buyers each quarter (+11 vs last Q)

new funds entering per quarter
Funds opening a new GBTG position: 39 → 30 → 33 → 44. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
📌

Mixed — 27% long-term, 37% new

■ 27% conviction (2yr+) ■ 36% medium ■ 37% new
Of the 165 current holders: 45 (27%) held >2 years, 59 held 1–2 years, and 61 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 +14%, value -17%

Value
-16%
Shares
+14%
Last quarter: funds added +14% more shares while total portfolio value only changed -17%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📈

Growing discovery — still being found

36 → 39 → 30 → 33 → 44 new funds/Q
New funds entering each quarter: 39 → 30 → 33 → 44. A growing number of institutions are discovering GBTG each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
📊

Mixed cohorts — 30% veterans, 45% new entrants

■ 30% veterans ■ 25% 1-2yr ■ 45% new
Of 165 current holders: 49 (30%) held 2+ years, 41 held 1–2 years, 75 (45%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
✅

Strong quality — 20% AUM from major funds

20% from top-100 AUM funds
40 of 165 holders rank in the top 100 by AUM, accounting for 20% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
4.2
out of 10
Moderate Exit Risk
Exit risk score 4.2/10 — 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 2026 Q1, 90 hedge funds were net buyers of GBTG (44 opened a new position, 46 added to an existing one), while 97 reduced or exited (51 trimmed, 46 sold completely) — a 48% buyer ratio, indicating roughly balanced activity. 20% of total institutional value in GBTG is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -2 funds (more exits than new entries). Total institutional holders: 165.

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

-- --

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

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

20 top-rated funds 5 high-conviction
Consensus
5.7
/ 10
breadth
×
Elite
4.4
/ 10
conviction
Hedge Fund Positioning: GBTG
2026 Q2 Stats Unlock in 2 days 165 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 165 167 -1.2%
13F Shares 332M 291M 13.95%
Total Value $1.85B $2.23B -16.95%
New Positions 44 33 +11
Increased Positions 46 77 -31
Closed Positions 46 22 +24
Reduced Positions 51 35 +16
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: GBTG

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Institutional Holders (2026 Q2)

165 + investors

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

QUARTER:
2026 Q2 filings are still coming in. Only funds that have filed so far are shown — top holders may not have reported yet. Full 13F data typically settles by ~50 days after quarter-end.
Top 25 GBTG holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 American Express Co 100.00% 157,786,199 $1.48B
2 Redwood Capital Management, LLC 11.14% 10,998,642 $103.3M
3 Nexpoint Asset Management, L.P. 5.07% 8,089,339 $76.0M
4 Apollo Management Holdings, L.P. 2.28% 21,712,184 $203.9M
5 Ares Management LLC 1.78% 4,338,264 $40.7M
6 GABELLI & Co INVESTMENT ADVISERS, INC. 1.18% 862,492 $8.1M
7 JCP Investment Management, LLC 0.75% 150,000 $1.4M
8 Polar Asset Management Partners Inc. 0.75% 4,848,676 $45.5M
9 First Trust Capital Management L.P. 0.68% 1,241,800 $11.7M
10 Alpine Associates Management INC. 0.54% 914,066 $8.6M
11 Soros Fund Management LLC 0.39% 3,346,860 $31.4M
12 Abdiel Capital Advisors, LP 0.38% 21,100 $198K
13 AQR Arbitrage LLC 0.35% 2,592,426 $24.3M
14 EntryPoint Capital, LLC 0.20% 44,497 $294K
15 Abc Arbitrage SA 0.20% 194,030 $1.8M
16 Water Island Capital LLC 0.12% 133,456 $1.3M
17 Gabelli Funds LLC 0.08% 1,286,750 $12.1M
18 Kryger Capital LLC 0.07% 130,598 $1.2M
19 Aster Capital Management (DIFC) Ltd 0.07% 46,677 $294K
20 LMR Partners LLP 0.06% 1,750,463 $16.4M
21 Mirabella Financial Services LLP 0.06% 68,036 $639K
22 Maven Securities LTD 0.05% 271,213 $2.5M
23 Cantor Fitzgerald, L. P. 0.04% 434,666 $4.1M
24 Carmignac Gestion 0.04% 316,463 $3.0M
25 Centiva Capital, LP 0.03% 407,964 $3.8M
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?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their GBTG positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for GBTG?

More sellers than buyers — 48% buying: Last quarter: 97 funds reduced or exited vs 90 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for GBTG holders?

Strong quality — 20% AUM from major funds: 40 of 165 holders rank in the top 100 by AUM, accounting for 20% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held GBTG?

Mixed — 27% long-term, 37% new: Of the 165 current holders: 45 (27%) held >2 years, 59 held 1–2 years, and 61 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.

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