Global Business Travel GroupGBTG
13F holders, Q4 2025 (December 31)At the end of Q4 2025, 170 institutions reported holding Global Business Travel Group (GBTG) in their 13F filings, up 8 from Q3 2025. 30 opened new positions and 23 sold out. The largest holders were American Express Co. ($1.2B), Apollo Management Holdings, L.P. ($175.1M) and Redwood Capital Management, LLC ($164.1M). 5 famous investors held it, including Israel Englander (0.0% of Millennium Management's portfolio), Jim Simons / Peter Brown (0.0% of Renaissance Technologies's portfolio) and Steve Cohen (0.0% of Point72 Asset Management's portfolio).
- Company
- Global Business Travel Group
- CUSIP
- 37890B100
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q3 2025 → Q4 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 30 | $17.7M |
| Exits | 23 | $22.0M |
All 13F filers, Q3 2025 → Q4 2025: 12,153,557 shares bought and 11,112,356 shares sold, net +1,041,201 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 170 holders
| American Express Co. | 100.00% | No change | 157,786,199 | $1.2B |
| Apollo Management Holdings, L.P. | 2.06% | Reduce -11.0% | 22,884,991 | $175.1M |
| Redwood Capital Management, LLC | 21.78% | Add +0.0% | 21,453,816 | $164.1M |
| Ares Management LLC | 6.07% | No change | 13,886,023 | $106.2M |
| Vanguard Group Inc. | 0.00% | Add +24.7% | 13,857,451 | $106.0M |
| BlackRock, Inc. | 0.00% | Add +24.3% | 9,756,117 | $74.6M |
| Attestor Capital Ltd | 32.07% | — | 8,878,004 | $67.9M |
| Monarch Alternative Capital LP | 13.27% | No change | 7,138,582 | $54.6M |
| Anchorage Capital Advisors, L.P. | 28.49% | Reduce -50.0% | 3,593,635 | $27.5M |
| Dimensional Fund Advisors LP | 0.01% | Add +17.4% | 3,318,614 | $25.4M |
| Geode Capital Management, LLC | 0.00% | Add +21.7% | 2,894,872 | $22.2M |
| Boundary Creek Advisors LP | 100.00% | No change | 2,735,449 | $20.9M |
| State Street Corp. | 0.00% | Add +16.4% | 2,628,063 | $20.1M |
| Millennium Management | 0.01% | Add +2646.7% | 1,679,217 | $12.8M |
| Northern Trust Corp. | 0.00% | Add +15.9% | 1,143,757 | $8.7M |
| Charles Schwab Investment Management Inc. | 0.00% | Add +15.1% | 1,033,182 | $7.9M |
| PB Investment Partners, L.P. | 4.52% | Add +0.1% | 930,961 | $7.1M |
| Par Capital Management Inc. | 0.18% | Reduce -15.0% | 883,244 | $6.8M |
| Goldman Sachs Group Inc. | 0.00% | Add +4.1% | 867,325 | $6.6M |
| UBS Group AG | 0.00% | Add +18.0% | 815,625 | $6.2M |
| Wellington Management Group LLP | 0.00% | Reduce -11.2% | 764,614 | $5.8M |
| Morgan Stanley | 0.00% | Reduce -18.3% | 637,508 | $4.9M |
| Susquehanna International Group, LLP | 0.01% | New | 593,593 | $4.5M |
| FMR LLC | 0.00% | Reduce -53.8% | 581,701 | $4.5M |
| First Trust Advisors LP | 0.00% | New | 575,984 | $4.4M |
| Renaissance Technologies | 0.01% | Reduce -27.6% | 500,720 | $3.8M |
| Ballast Asset Management, LP | 1.77% | Reduce -3.3% | 489,519 | $3.7M |
| Bank of New York Mellon Corp | 0.00% | Add +34.2% | 406,011 | $3.1M |
| Blackstone Inc. | 0.01% | Reduce -0.8% | 353,031 | $2.7M |
| Nuveen, LLC | 0.00% | Add +14.0% | 338,603 | $2.6M |
| JPMorgan Chase & Co. | 0.00% | Add +303.6% | 310,611 | $2.4M |
| Neo Ivy Capital Management | 0.36% | Add +683.1% | 296,762 | $2.3M |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 0.00% | Add +16.7% | 283,468 | $2.2M |
| Wealthspire Advisors, LLC | 0.02% | Add +0.1% | 258,732 | $2.0M |
| E. Ohman J:or Asset Management AB | 0.04% | Reduce -34.0% | 237,167 | $1.8M |
| Bank of America Corp. | 0.00% | Add +23.1% | 235,076 | $1.8M |
| XTX Topco Ltd | 0.05% | Add +1744.4% | 232,689 | $1.8M |
| SG Americas Securities, LLC | 0.00% | New | 217,888 | $1.7M |
| ExodusPoint Capital Management, LP | 0.02% | Add +9.1% | 212,379 | $1.6M |
| Swiss National Bank | 0.00% | Add +12.4% | 208,700 | $1.6M |
| Barclays PLC | 0.00% | Reduce -44.5% | 203,854 | $1.6M |
| Sei Investments Co. | 0.00% | Add +931.9% | 180,660 | $1.4M |
| Tidal Investments LLC | 0.01% | Reduce -19.3% | 160,916 | $1.2M |
| Deutsche Bank AG | 0.00% | Add +22.9% | 159,127 | $1.2M |
| Ionic Capital Management LLC | 1.41% | Reduce -6.0% | 158,007 | $1.2M |
| Boussard & Gavaudan Investment Management LLP | 0.17% | New | 144,203 | $1.1M |
| Wells Fargo & Company | 0.00% | Add +140.1% | 143,307 | $1.1M |
| Invesco Ltd. | 0.00% | Add +20.9% | 141,062 | $1.1M |
| CastleKnight Management LP | 0.06% | No change | 138,963 | $1.1M |
| Gsa Capital Partners LLP | 0.09% | Add +318.3% | 138,798 | $1.1M |
| Rhumbline Advisers | 0.00% | Reduce -2.5% | 133,723 | $1.0M |
| Alliancebernstein L.P. | 0.00% | Reduce -0.3% | 133,667 | $1.0M |
| American Capital Advisory, LLC | 0.41% | Reduce -2.3% | 122,969 | $941K |
| AQR Capital Management | 0.00% | Add +27.5% | 122,869 | $940K |
| Legal & General Group Plc | 0.00% | Add +0.7% | 106,395 | $814K |
| Lazard Asset Management LLC | 0.00% | New | 101,142 | $774K |
| Balyasny Asset Management L.P. | 0.00% | New | 90,228 | $690K |
| California State Teachers Retirement System | 0.00% | Add +2.5% | 88,896 | $680K |
| Verition Fund Management LLC | 0.00% | Reduce -40.7% | 88,785 | $679K |
| Walleye Capital LLC | 0.00% | New | 81,623 | $624K |
| Manufacturers Life Insurance Company, The | 0.00% | Add +30.6% | 80,660 | $617K |
| AlphaQuest LLC | 0.03% | Add +8.9% | 78,338 | $599K |
| MetLife Investment Management, LLC | 0.00% | Add +26.3% | 73,129 | $559K |
| T. Rowe Price Associates Inc. | 0.00% | Add +45.0% | 72,097 | $552K |
| Connor, Clark & Lunn Investment Management Ltd. | 0.00% | New | 62,716 | $480K |
| Two Sigma Advisers, LP | 0.00% | New | 62,000 | $474K |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 0.00% | Add +36.7% | 60,618 | $464K |
| Jane Street Group, LLC | 0.00% | Reduce -61.5% | 55,445 | $424K |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 0.00% | No change | 55,379 | $424K |
| Man Group plc | 0.00% | Add +69.8% | 54,368 | $416K |
| DCM Advisors, LLC | 0.17% | New | 53,656 | $410K |
| Jain Global LLC | 0.00% | Add +228.4% | 50,586 | $387K |
| Point72 Asset Management | 0.00% | New | 50,000 | $383K |
| Ethic Inc. | 0.01% | Add +73.6% | 49,919 | $382K |
| Intech Investment Management LLC | 0.00% | Reduce -11.4% | 48,574 | $372K |
| Engineers Gate Manager LP | 0.00% | Add +172.0% | 45,866 | $351K |
| Citadel Advisors | 0.00% | Reduce -28.2% | 45,188 | $346K |
| Vident Advisory, LLC | 0.00% | New | 44,929 | $344K |
| Occudo Quantitative Strategies LP | 0.02% | New | 44,260 | $339K |
| Fieldview Capital Management, LLC | 0.05% | Add +203.7% | 38,265 | $293K |
| Squarepoint Ops LLC | 0.00% | Reduce -52.4% | 36,976 | $283K |
| Algert Global LLC | 0.00% | New | 35,871 | $274K |
| Janus Henderson Group PLC | 0.00% | No change | 35,500 | $272K |
| Inceptionr LLC | 0.07% | Add +129.8% | 35,338 | $270K |
| American Century Companies Inc. | 0.00% | Reduce -27.9% | 35,096 | $268K |
| Police & Firemen's Retirement System of New Jersey | 0.00% | Add +14.9% | 32,175 | $246K |
| Harbor Capital Advisors, Inc. | 0.02% | Add +30.5% | 31,982 | $245K |
| New York State Common Retirement Fund | 0.00% | Add +50.8% | 30,872 | $236K |
| Handelsbanken Fonder AB | 0.00% | No change | 30,900 | $236K |
| Arizona State Retirement System | 0.00% | Add +3.4% | 29,298 | $224K |
| BNP Paribas Financial Markets | 0.00% | Add +48.0% | 28,308 | $217K |
| Victory Capital Management Inc. | 0.00% | Add +27.6% | 26,890 | $206K |
| State of Alaska, Department of Revenue | 0.00% | Add +2.6% | 26,842 | $205K |
| Quantinno Capital Management LP | 0.00% | Add +50.1% | 25,353 | $194K |
| Levin Capital Strategies, L.P. | 0.02% | Reduce -50.0% | 25,000 | $191K |
| Swiss Life Asset Management Ltd | 0.00% | New | 24,210 | $185K |
| Creative Planning | 0.00% | Add +23.5% | 23,896 | $183K |
| ProShare Advisors LLC | 0.00% | Add +47.8% | 23,874 | $183K |
| Wulff, Hansen & Co. | 0.15% | No change | 23,126 | $177K |
| KLP Kapitalforvaltning As | 0.00% | Add +31.2% | 22,700 | $174K |
| Marshall Wace, LLP | 0.00% | New | 21,600 | $165K |
| MQS Management LLC | 0.10% | New | 21,133 | $162K |
| Schonfeld Strategic Advisors LLC | 0.00% | New | 19,321 | $148K |
| Skandinaviska Enskilda Banken AB (publ) | 0.00% | No change | 17,967 | $137K |
| Voya Investment Management LLC | 0.00% | Add +2.3% | 17,933 | $137K |
| Abdiel Capital Advisors, LP | 0.19% | Add +4.8% | 17,856 | $137K |
| Vestcor Inc | 0.00% | No change | 17,324 | $133K |
| Franklin Resources Inc. | 0.00% | No change | 16,199 | $124K |
| HSBC Holdings PLC | 0.00% | Reduce -8.7% | 15,413 | $118K |
| Landscape Capital Management, L.L.C. | 0.01% | Add +17.1% | 14,567 | $111K |
| Mariner, LLC | 0.00% | Add +11.6% | 13,834 | $106K |
| Pictet Asset Management Holding SA | 0.00% | No change | 13,578 | $104K |
| PharVision Advisers, LLC | 0.05% | Add +26.1% | 13,495 | $103K |
| Xponance LLC | 0.00% | Add +29.2% | 13,416 | $103K |
| Amundi | 0.00% | New | 12,319 | $94K |
| Fox Run Management, L.L.C. | 0.01% | New | 12,126 | $93K |
| Brevan Howard Capital Management LP | 0.00% | Reduce -57.2% | 11,760 | $90K |
| VIRGINIA RETIREMENT SYSTEMS ET Al | 0.00% | Reduce -85.5% | 11,650 | $89K |
| Russell Investments Group, Ltd. | 0.00% | Add +28.3% | 11,573 | $89K |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 0.00% | New | 11,513 | $88K |
| Los Angeles Capital Management LLC | 0.00% | New | 11,059 | $87K |
| R Squared Ltd | 0.04% | New | 11,178 | $86K |
| Ameritas Investment Partners, Inc. | 0.00% | Add +34.3% | 10,603 | $81K |
| Tower Research Capital LLC (TRC) | 0.00% | Add +45.7% | 10,467 | $80K |
| Forum Financial Management, LP | 0.00% | No change | 10,283 | $79K |
| Royal Bank of Canada | 0.00% | Add +72.5% | 10,239 | $78K |
| Cwm, LLC | 0.00% | Add +1.6% | 7,754 | $59K |
| Rockefeller Capital Management L.P. | 0.00% | No change | 4,741 | $36K |
| Northwestern Mutual Wealth Management Co. | 0.00% | New | 4,203 | $32K |
| Amalgamated Bank | 0.00% | Add +34.0% | 4,104 | $31K |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 0.00% | Add +38.3% | 3,772 | $29K |
| Citigroup Inc. | 0.00% | Reduce -61.7% | 3,658 | $28K |
| Aster Capital Management (DIFC) Ltd | 0.01% | New | 2,391 | $18K |
| Kemnay Advisory Services Inc. | 0.00% | New | 2,214 | $17K |
| Versant Capital Management, Inc | 0.00% | No change | 2,156 | $16K |
| Farther Finance Advisors, LLC | 0.00% | Add +6262.5% | 1,527 | $12K |
| Sterling Capital Management LLC | 0.00% | Add +59.3% | 1,489 | $11K |
| Nisa Investment Advisors, LLC | 0.00% | No change | 1,255 | $10K |
| US Bancorp \de | 0.00% | Add +54.8% | 1,161 | $9K |
| Arax Advisory Partners | 0.00% | Reduce -58.6% | 1,002 | $8K |
| Quarry LP | 0.00% | Reduce -51.1% | 917 | $7K |
| Root Financial Partners, LLC | 0.00% | Add +20.9% | 556 | $4K |
| MassMutual Private Wealth & Trust, FSB | 0.00% | No change | 506 | $4K |
| Optiver Holding B.V. | 0.00% | Add +59.1% | 366 | $3K |
| Rothschild Investment LLC | 0.00% | Add +16.4% | 227 | $2K |
| Allworth Financial LP | 0.00% | Reduce -0.5% | 202 | $2K |
| Torren Management, LLC | 0.00% | — | 202 | $2K |
| National Bank of Canada | 0.00% | Reduce -31.5% | 200 | $2K |
| GAMMA Investing LLC | 0.00% | Reduce -9.2% | 198 | $2K |
| EverSource Wealth Advisors, LLC | 0.00% | Reduce -27.3% | 141 | $1K |
| Harel Insurance Investments & Financial Services Ltd. | 0.00% | No change | 88 | $1K |
| IFP Advisors, Inc | 0.00% | Add +6.7% | 128 | $979 |
| JFS Wealth Advisors, LLC | 0.00% | Add +73.8% | 113 | $865 |
| PNC Financial Services Group, Inc. | 0.00% | Reduce -10.7% | 108 | $826 |
| Osaic Holdings, Inc. | 0.00% | Reduce -94.7% | 89 | $681 |
| Fortitude Family Office, LLC | 0.00% | Add +100.0% | 66 | $505 |
| Optima Capital LLC | 0.00% | New | 65 | $497 |
| Essential Partners LLC | 0.00% | Add +15.1% | 61 | $467 |
| Larson Financial Group LLC | 0.00% | No change | 58 | $444 |
| Jones Financial Companies LLLP | 0.00% | New | 48 | $367 |
| Keating Financial Advisory Services, Inc. | 0.00% | — | 46 | $352 |
| Rialto Wealth Management, LLC | 0.00% | Add +125.0% | 27 | $207 |
| True Wealth Design, LLC | 0.00% | Add +2400.0% | 25 | $192 |
| Transamerica Financial Advisors, LLC | 0.00% | New | 25 | $191 |
| DiNuzzo Private Wealth, Inc. | 0.00% | Add +10.5% | 21 | $161 |
| HFM Investment Advisors, LLC | 0.00% | No change | 11 | $85 |
| Bay Harbor Wealth Management, LLC | 0.00% | Add +75.0% | 7 | $53 |
| SJS Investment Consulting Inc. | 0.00% | Reduce -71.4% | 6 | $46 |
| Dunhill Financial, LLC | 0.00% | New | 3 | $20 |
| Covestor Ltd | 0.00% | No change | 26 | $0 |
"% of holder's portfolio" is GBTG's weight in each manager's 13F, not the share of Global Business Travel Group the manager owns.