Global Business Travel GroupGBTG
13F holders, Q3 2025 (September 30)At the end of Q3 2025, 162 institutions reported holding Global Business Travel Group (GBTG) in their 13F filings, up 2 from Q2 2025. 31 opened new positions and 27 sold out. The largest holders were American Express Co. ($1.3B), Redwood Capital Management, LLC ($173.3M) and Apollo Management Holdings, L.P. ($153.2M). 4 famous investors held it, including Jim Simons / Peter Brown (0.0% of Renaissance Technologies's portfolio), Cliff Asness (0.0% of AQR Capital Management's portfolio) and Ken Griffin (0.0% of Citadel Advisors's portfolio).
- Company
- Global Business Travel Group
- CUSIP
- 37890B100
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q2 2025 → Q3 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 31 | $327.3M |
| Exits | 27 | $13.9M |
All 13F filers, Q2 2025 → Q3 2025: 43,104,055 shares bought and 5,556,536 shares sold, net +37,547,519 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 162 holders
| American Express Co. | 99.97% | No change | 157,786,199 | $1.3B |
| Redwood Capital Management, LLC | 19.27% | New | 21,453,815 | $173.3M |
| Apollo Management Holdings, L.P. | 2.72% | No change | 25,706,886 | $153.2M |
| Ares Management LLC | 5.15% | No change | 13,886,023 | $112.2M |
| Vanguard Group Inc. | 0.00% | Add +1.1% | 11,113,383 | $89.8M |
| BlackRock, Inc. | 0.00% | Add +4.2% | 7,851,941 | $63.4M |
| Anchorage Capital Advisors, L.P. | 57.33% | New | 7,187,258 | $58.1M |
| Monarch Alternative Capital LP | 13.71% | New | 7,138,582 | $57.7M |
| Boundary Creek Advisors LP | 100.00% | New | 2,735,449 | $22.9M |
| Dimensional Fund Advisors LP | 0.00% | Add +19.3% | 2,826,361 | $22.8M |
| Geode Capital Management, LLC | 0.00% | Add +13.6% | 2,378,825 | $19.2M |
| State Street Corp. | 0.00% | Add +0.5% | 2,257,406 | $18.2M |
| Carronade Capital Management, LP | 1.43% | Reduce -34.7% | 1,705,039 | $13.8M |
| FMR LLC | 0.00% | Add +14.8% | 1,258,062 | $10.2M |
| Par Capital Management Inc. | 0.25% | Add +1.5% | 1,039,014 | $8.4M |
| Northern Trust Corp. | 0.00% | Add +6.1% | 986,714 | $8.0M |
| PB Investment Partners, L.P. | 5.10% | Add +11.3% | 930,119 | $7.5M |
| Charles Schwab Investment Management Inc. | 0.00% | Add +24.1% | 897,530 | $7.3M |
| Wellington Management Group LLP | 0.00% | New | 861,001 | $7.0M |
| Goldman Sachs Group Inc. | 0.00% | Add +30.9% | 833,195 | $6.7M |
| Morgan Stanley | 0.00% | Add +61.3% | 780,553 | $6.3M |
| Renaissance Technologies | 0.01% | Add +4.0% | 691,620 | $5.6M |
| UBS Group AG | 0.00% | Reduce -8.3% | 691,281 | $5.6M |
| Advantage Alpha Capital Partners LP | 1.53% | Reduce -20.8% | 630,004 | $5.1M |
| Ballast Asset Management, LP | 1.87% | Add +27.2% | 505,999 | $4.1M |
| Beach Point Capital Management LP | 1.82% | Reduce -37.3% | 483,197 | $3.9M |
| Barclays PLC | 0.00% | Add +19.9% | 367,525 | $3.0M |
| E. Ohman J:or Asset Management AB | 0.07% | No change | 359,201 | $2.9M |
| Blackstone Inc. | 0.01% | New | 355,836 | $2.9M |
| Bank of New York Mellon Corp | 0.00% | Reduce -7.8% | 302,591 | $2.4M |
| Nuveen, LLC | 0.00% | Reduce -1.2% | 297,054 | $2.4M |
| Wealthspire Advisors, LLC | 0.01% | Add +0.0% | 258,593 | $2.1M |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 0.00% | Reduce -36.4% | 242,823 | $2.0M |
| Emmett Investment Management, LP | 1.43% | Reduce -47.6% | 229,404 | $1.8M |
| Tidal Investments LLC | 0.01% | Reduce -33.2% | 199,377 | $1.6M |
| ExodusPoint Capital Management, LP | 0.02% | New | 194,744 | $1.6M |
| Bank of America Corp. | 0.00% | Add +83.4% | 190,965 | $1.5M |
| Swiss National Bank | 0.00% | Add +1.8% | 185,600 | $1.5M |
| Ionic Capital Management LLC | 1.70% | Add +31.3% | 168,007 | $1.4M |
| Verition Fund Management LLC | 0.01% | Add +13.3% | 149,753 | $1.2M |
| Jane Street Group, LLC | 0.00% | Reduce -9.1% | 143,832 | $1.2M |
| CastleKnight Management LP | 0.06% | New | 138,963 | $1.1M |
| Rhumbline Advisers | 0.00% | Reduce -4.2% | 137,203 | $1.1M |
| Alliancebernstein L.P. | 0.00% | Reduce -1.3% | 134,020 | $1.1M |
| Deutsche Bank AG | 0.00% | Add +39.1% | 129,473 | $1.0M |
| American Capital Advisory, LLC | 0.47% | Add +33.0% | 125,851 | $1.0M |
| Invesco Ltd. | 0.00% | Add +14.2% | 116,709 | $943K |
| Legal & General Group Plc | 0.00% | Reduce -5.9% | 105,690 | $854K |
| AQR Capital Management | 0.00% | Add +19.6% | 96,390 | $779K |
| California State Teachers Retirement System | 0.00% | Add +0.0% | 86,753 | $701K |
| VIRGINIA RETIREMENT SYSTEMS ET Al | 0.00% | Reduce -23.0% | 80,100 | $647K |
| Squarepoint Ops LLC | 0.00% | Add +25.3% | 77,729 | $628K |
| JPMorgan Chase & Co. | 0.00% | Reduce -8.9% | 76,968 | $622K |
| AlphaQuest LLC | 0.04% | Reduce -16.5% | 71,965 | $581K |
| Citadel Advisors | 0.00% | Reduce -80.9% | 62,913 | $508K |
| Zacks Investment Management | 0.00% | New | 62,464 | $505K |
| Manufacturers Life Insurance Company, The | 0.00% | Reduce -5.4% | 61,750 | $499K |
| Millennium Management | 0.00% | Reduce -74.1% | 61,136 | $494K |
| Wells Fargo & Company | 0.00% | Add +18.9% | 59,689 | $482K |
| MetLife Investment Management, LLC | 0.00% | No change | 57,910 | $468K |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 0.00% | Reduce -52.7% | 55,379 | $447K |
| Intech Investment Management LLC | 0.00% | Reduce -21.2% | 54,848 | $443K |
| Levin Capital Strategies, L.P. | 0.04% | New | 50,000 | $404K |
| T. Rowe Price Associates Inc. | 0.00% | Add +5.8% | 49,715 | $402K |
| American Century Companies Inc. | 0.00% | Reduce -22.6% | 48,680 | $393K |
| Qube Research & Technologies Ltd | 0.00% | Reduce -90.1% | 45,801 | $370K |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 0.00% | Reduce -14.3% | 44,353 | $358K |
| STRS Ohio | 0.00% | No change | 40,900 | $330K |
| Neo Ivy Capital Management | 0.07% | Reduce -7.1% | 37,894 | $306K |
| Dark Forest Capital Management LP | 0.01% | New | 35,871 | $290K |
| Janus Henderson Group PLC | 0.00% | No change | 35,500 | $287K |
| Gsa Capital Partners LLP | 0.02% | New | 33,183 | $268K |
| Man Group plc | 0.00% | Reduce -76.0% | 32,019 | $259K |
| Handelsbanken Fonder AB | 0.00% | No change | 30,900 | $250K |
| Ethic Inc. | 0.00% | Add +14.1% | 28,753 | $232K |
| Arizona State Retirement System | 0.00% | Add +1.4% | 28,330 | $229K |
| Police & Firemen's Retirement System of New Jersey | 0.00% | Add +23.9% | 27,994 | $226K |
| Brevan Howard Capital Management LP | 0.00% | Reduce -61.3% | 27,495 | $222K |
| State of Alaska, Department of Revenue | 0.00% | New | 26,151 | $211K |
| Harbor Capital Advisors, Inc. | 0.02% | Reduce -40.8% | 24,499 | $198K |
| Wulff, Hansen & Co. | 0.16% | No change | 23,126 | $187K |
| Victory Capital Management Inc. | 0.00% | Reduce -3.7% | 21,066 | $170K |
| New York State Common Retirement Fund | 0.00% | No change | 20,472 | $165K |
| Creative Planning | 0.00% | Add +82.5% | 19,353 | $156K |
| BNP Paribas Financial Markets | 0.00% | Add +105.8% | 19,127 | $155K |
| Skandinaviska Enskilda Banken AB (publ) | 0.00% | Reduce -8.1% | 17,967 | $145K |
| Voya Investment Management LLC | 0.00% | Reduce -44.5% | 17,523 | $142K |
| Sei Investments Co. | 0.00% | No change | 17,507 | $141K |
| Vestcor Inc | 0.00% | No change | 17,324 | $140K |
| KLP Kapitalforvaltning As | 0.00% | No change | 17,300 | $140K |
| Bridgefront Capital, LLC | 0.04% | New | 17,123 | $138K |
| Abdiel Capital Advisors, LP | 0.04% | New | 17,041 | $138K |
| Quantinno Capital Management LP | 0.00% | Add +64.1% | 16,894 | $137K |
| HSBC Holdings PLC | 0.00% | Reduce -38.7% | 16,875 | $136K |
| Engineers Gate Manager LP | 0.00% | New | 16,862 | $136K |
| Franklin Resources Inc. | 0.00% | Add +0.3% | 16,199 | $131K |
| ProShare Advisors LLC | 0.00% | Reduce -16.6% | 16,158 | $131K |
| Jain Global LLC | 0.00% | New | 15,404 | $124K |
| Inceptionr LLC | 0.03% | Reduce -48.9% | 15,381 | $124K |
| Atom Investors LP | 0.01% | Reduce -69.5% | 14,738 | $119K |
"% of holder's portfolio" is GBTG's weight in each manager's 13F, not the share of Global Business Travel Group the manager owns.