# GLOBAL BUSINESS TRAVEL GROUP (GBTG)

> Institutional ownership reported to the SEC as of Q2 2026, from Form 13F filings. Source: https://holderbook.com/stocks/GBTG/

- Reporting holders: 193
- Reported value: $3.1B
- Shares held by institutions: 334,955,635 of 522,373,443 outstanding
- Held through calls: 0.0%
- Held through puts: 0.0%

A 13F reports long US equity positions only. Shorts, bonds, foreign listings and cash are not visible here, and positions are disclosed up to 45 days after the quarter ends.

## Largest holders

| Manager | Value | Shares | Share of their book | Quarters held |
|---|---|---|---|---|
| [AMERICAN EXPRESS CO](https://holderbook.com/funds/4962-american-express-co/) | $1.5B | 157,786,199 | 100.0% | 11 |
| [BlackRock, Inc.](https://holderbook.com/funds/2012383-blackrock-inc/) | $464.7M | 49,490,227 | 0.0% | 8 |
| [Apollo Management Holdings, L.P.](https://holderbook.com/funds/1449434-apollo-management-holdings-l-p/) | $203.9M | 21,712,184 | 2.3% | 17 |
| [REDWOOD CAPITAL MANAGEMENT, LLC](https://holderbook.com/funds/1316622-redwood-capital-management-llc/) | $103.3M | 10,998,642 | 11.1% | 4 |
| [NEXPOINT ASSET MANAGEMENT, L.P.](https://holderbook.com/funds/1469877-nexpoint-asset-management-l-p/) | $76.0M | 8,089,339 | 5.1% | 1 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](https://holderbook.com/funds/2100121-vanguard-portfolio-management-llc/) | $61.3M | 6,526,241 | 0.0% | 2 |
| [VANGUARD CAPITAL MANAGEMENT LLC](https://holderbook.com/funds/2100119-vanguard-capital-management-llc/) | $61.3M | 6,525,818 | 0.0% | 2 |
| [STATE STREET CORP](https://holderbook.com/funds/93751-state-street-corp/) | $55.0M | 5,852,000 | 0.0% | 15 |
| [GLAZER CAPITAL, LLC](https://holderbook.com/funds/1076809-glazer-capital-llc/) | $48.0M | 5,115,013 | 1.2% | 1 |
| [Polar Asset Management Partners Inc.](https://holderbook.com/funds/1326389-polar-asset-management-partners-inc/) | $45.5M | 4,848,676 | 0.7% | 1 |
| [DIMENSIONAL FUND ADVISORS LP](https://holderbook.com/funds/354204-dimensional-fund-advisors-lp/) | $44.9M | 4,777,995 | 0.0% | 10 |
| [FIL Ltd](https://holderbook.com/funds/318989-fil-ltd/) | $41.3M | 4,400,000 | 0.0% | 1 |
| [ARES MANAGEMENT LLC](https://holderbook.com/funds/1259313-ares-management-llc/) | $40.7M | 4,338,264 | 1.8% | 17 |
| [SOROS FUND MANAGEMENT LLC](https://holderbook.com/funds/1029160-soros-fund-management-llc/) | $31.4M | 3,346,860 | 0.4% | 1 |
| [GEODE CAPITAL MANAGEMENT, LLC](https://holderbook.com/funds/1214717-geode-capital-management-llc/) | $29.9M | 3,179,581 | 0.0% | 16 |
| [AQR Arbitrage LLC](https://holderbook.com/funds/1167456-aqr-arbitrage-llc/) | $24.3M | 2,592,426 | 0.3% | 1 |
| [MILLENNIUM MANAGEMENT LLC](https://holderbook.com/funds/1273087-millennium-management-llc/) | $21.4M | 2,283,986 | 0.0% | 9 |
| [FMR LLC](https://holderbook.com/funds/315066-fmr-llc/) | $18.9M | 2,008,863 | 0.0% | 13 |
| [GOLDMAN SACHS GROUP INC](https://holderbook.com/funds/886982-goldman-sachs-group-inc/) | $17.2M | 1,831,419 | 0.0% | 9 |
| [LMR Partners LLP](https://holderbook.com/funds/1578621-lmr-partners-llp/) | $16.4M | 1,750,463 | 0.1% | 1 |
| [ALLIANCEBERNSTEIN L.P.](https://holderbook.com/funds/1109448-alliancebernstein-l-p/) | $14.2M | 2,544,052 | 0.0% | 10 |
| [NORTHERN TRUST CORP](https://holderbook.com/funds/73124-northern-trust-corp/) | $13.1M | 1,395,545 | 0.0% | 16 |
| [GABELLI FUNDS LLC](https://holderbook.com/funds/1081407-gabelli-funds-llc/) | $12.1M | 1,286,750 | 0.1% | 1 |
| [First Trust Capital Management L.P.](https://holderbook.com/funds/1604488-first-trust-capital-management-l-p/) | $11.7M | 1,241,800 | 0.7% | 1 |
| [CHARLES SCHWAB INVESTMENT MANAGEMENT INC](https://holderbook.com/funds/884546-charles-schwab-investment-management-inc/) | $9.7M | 1,030,662 | 0.0% | 13 |

## Quarter by quarter

| Quarter | Holders | Reported value |
|---|---|---|
| Q2 2026 | 193 | $3.1B |
| Q1 2026 | 167 | $1.9B |
| Q4 2025 | 169 | $2.2B |
| Q3 2025 | 160 | $2.2B |
| Q2 2025 | 158 | $1.5B |
| Q1 2025 | 147 | $1.7B |
| Q4 2024 | 132 | $2.2B |
| Q3 2024 | 97 | $1.9B |
| Q2 2024 | 75 | $1.5B |
| Q1 2024 | 65 | $1.4B |
| Q4 2023 | 60 | $1.4B |
| Q3 2023 | 63 | $362.8M |