GBTG Hedge Fund Ownership (Q2 2026)

Q: Is it too late to buy Global Business Travel Group (GBTG) following the 2026 Q2 hedge fund 13F filings?

As of today, GBTG has moved +0.0% since the 2026 Q2 13F filing date (August 14, 2026), compared to -6.1% for the XLY sector ETF — an outperformance of +6.1%. Since the quarter end (June 30, 2026), GBTG gained +0.7% vs -5.3% for XLY. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Global Business Travel Group (GBTG)

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

Smart Money Signals — GBTG

Based on 187 hedge funds · latest filing: 2026 Q2 · 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

187 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 — +20% more funds vs a year ago

fund count last 6Q

+31 new funds entered over the past year (+20% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.

🟢

More buyers than sellers — 64% buying

134 buying75 selling

Last quarter: 134 funds were net buyers (66 opened a brand new position + 68 added to an existing one). Only 75 were sellers (31 trimmed + 44 sold completely). A clear majority buying is a strong confirmation signal.

📈

More new buyers each quarter (+22 vs last Q)

new funds entering per quarter

Funds opening a new GBTG position: 30 → 33 → 44 → 66. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.

📌

Mixed — 28% long-term, 37% new

■ 28% conviction (2yr+) ■ 35% medium ■ 37% new

Of the 187 current holders: 53 (28%) held >2 years, 65 held 1–2 years, and 69 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.

💰

Price up while funds trimmed (+71% value, -0% shares)

Value

+70%

Last quarter: total value of institutional GBTG holdings rose +71% even though funds reduced share count by 0%. The stock price increased enough to offset the selling. Institutions are quietly trimming into price strength — watch for rotation.

🚀

Acceleration phase — new buyers rushing in

40 → 30 → 33 → 44 → 66 new funds/Q

New funds entering each quarter: 30 → 33 → 44 → 66. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.

📊

Mixed cohorts — 34% veterans, 42% new entrants

■ 34% veterans ■ 24% 1-2yr ■ 42% new

Of 190 current holders: 65 (34%) held 2+ years, 46 held 1–2 years, 79 (42%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.

✅

Strong quality — 28% AUM from major funds

28% from top-100 AUM funds

43 of 187 holders rank in the top 100 by AUM, accounting for 28% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

4.1

out of 10

Moderate Exit Risk

Exit risk score 4.1/10 — 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.

Metric	All 13F Filers (2026 Q2)	Prior (2026 Q1)	Change
Funds Holding	186	165	12.73%
13F Shares	330M	332M	-0.65%
Total Value	$3.03B	$1.85B	63.64%
New Positions	66	44	+22
Increased Positions	67	46	+21
Closed Positions	45	46	-1
Reduced Positions	31	51	-20
Total Calls	3	0	100%
Total Puts	0	0	-
PUT/CALL Ratio	0.0	0.0	Bullish

Metric

All 13F Filers (2026 Q2)

Prior (2026 Q1)

Change

Funds Holding

186

165

12.73%

13F Shares

330M

332M

-0.65%

Total Value

$3.03B

$1.85B

63.64%

New Positions

+22

Increased Positions

+21

Closed Positions

-1

Reduced Positions

-20

Total Calls

100%

Total Puts

PUT/CALL Ratio

0.0

Bullish

Institutional Holders (2026 Q2)

186 + 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:

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 25 GBTG holders by conviction (% of portfolio weight) — 2026 Q2 · 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	PenderFund Capital Management Ltd.	0.04%	30,900	$290K

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 — 64% buying: Last quarter: 134 funds were net buyers (66 opened a brand new position + 68 added to an existing one). Only 75 were sellers (31 trimmed + 44 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for GBTG holders?

Strong quality — 28% AUM from major funds: 43 of 187 holders rank in the top 100 by AUM, accounting for 28% 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 — 28% long-term, 37% new: Of the 187 current holders: 53 (28%) held >2 years, 65 held 1–2 years, and 69 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.

Is it too late to buy Global Business Travel Group (GBTG) following the 2026 Q2 hedge fund 13F filings?

As of today, GBTG has moved +0.0% since the 2026 Q2 13F filing date (August 14, 2026), compared to -6.1% for the XLY sector ETF — an outperformance of +6.1%. Since the quarter end (June 30, 2026), GBTG has gained +0.7% vs -5.3% for XLY. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

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.

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Global Business Travel Group (GBTG)

Smart Money Signals — GBTG

Buying streak — 1 quarter in a row

At the ownership peak (100% of max)

Steady growth — +20% more funds vs a year ago

More buyers than sellers — 64% buying

More new buyers each quarter (+22 vs last Q)

Mixed — 28% long-term, 37% new

Price up while funds trimmed (+71% value, -0% shares)

Acceleration phase — new buyers rushing in

Mixed cohorts — 34% veterans, 42% new entrants

Strong quality — 28% AUM from major funds

Institutional Sentiment Summary — GBTG

Hedge Fund Ownership: GBTG

Market Analysis: GBTG

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: GBTG

Is It Too Late to Buy Global Business Travel Group (GBTG) Based on Hedge Fund 13F Filings?

Hedge Fund Positioning: GBTG

Statistics: GBTG

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q2)

Frequently Asked Questions — Global Business Travel Group (GBTG)

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