Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in GBTG held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | AMERICAN EXPRESS CO | 157.8M | $880.4M | 0.0% | 30.259% | 100.00% |
| 2 | BlackRock, Inc. | 48.7M | $271.6M | +399.0% | 9.336% | 0.00% |
| 3 | Apollo Management Holdings, L.P. | 22.9M | $127.7M | 0.0% | 4.389% | 2.07% |
| 4 | REDWOOD CAPITAL MANAGEMENT, LLC | 22.0M | $122.5M | +2.3% | 4.210% | 18.17% |
| 5 | ARES MANAGEMENT LLC | 13.9M | $77.5M | 0.0% | 2.663% | 5.11% |
| 6 | Attestor Capital Ltd | 8.9M | $48.6M | 0.0% | 1.702% | 12.80% |
| 7 | Monarch Alternative Capital LP | 7.8M | $43.5M | +9.3% | 1.496% | 7.40% |
| 8 | VANGUARD CAPITAL MANAGEMENT LLC | 6.6M | $36.7M | β | 1.262% | 0.00% |
| 9 | VANGUARD PORTFOLIO MANAGEMENT LLC | 6.4M | $35.9M | β | 1.235% | 0.00% |
| 10 | DIMENSIONAL FUND ADVISORS LP | 4.3M | $23.7M | +28.2% | 0.816% | 0.00% |
| 11 | Anchorage Capital Advisors, L.P. | 3.6M | $20.1M | 0.0% | 0.689% | 11.20% |
| 12 | GEODE CAPITAL MANAGEMENT, LLC | 3.0M | $16.5M | +2.1% | 0.567% | 0.00% |
| 13 | STATE STREET CORP | 2.8M | $15.4M | +4.7% | 0.528% | 0.00% |
| 14 | Boundary Creek Advisors LP | 2.7M | $15.3M | 0.0% | 0.525% | 100.00% |
| 15 | BlackBarn Capital Partners LP | 2.0M | $11.2M | β | 0.384% | 3.27% |
| 16 | PAR CAPITAL MANAGEMENT INC | 1.7M | $9.4M | +91.0% | 0.323% | 0.29% |
| 17 | NORTHERN TRUST CORP | 1.2M | $6.8M | +6.2% | 0.233% | 0.00% |
| 18 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 998K | $5.6M | -3.4% | 0.191% | 0.00% |
| 19 | PB INVESTMENT PARTNERS, L.P. | 931K | $5.2M | 0.0% | 0.178% | 4.09% |
| 20 | VANGUARD FIDUCIARY TRUST CO | 868K | $4.8M | β | 0.167% | 0.00% |
| 21 | WELLINGTON MANAGEMENT GROUP LLP | 739K | $4.1M | -3.3% | 0.142% | 0.00% |
| 22 | UBS Group AG | 611K | $3.4M | -25.1% | 0.117% | 0.00% |
| 23 | XTX Topco Ltd | 604K | $3.4M | +159.4% | 0.116% | 0.06% |
| 24 | MIRABELLA FINANCIAL SERVICES LLP | 574K | $3.2M | β | 0.110% | 0.30% |
| 25 | LAZARD ASSET MANAGEMENT LLC | 545K | $3.0M | +439.0% | 0.104% | 0.01% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). β% of Fundβ shows how much of that investorβs total 13F portfolio is invested in GBTG β a direct measure of their conviction.
Filings activity in GBTG during Q1 2026, grouped by how each filer changed its position.
Institutions that opened a new GBTG position in Q1 2026
Institutions that fully closed their GBTG position in Q1 2026
8 quarters of 13F filings Β· Ξ columns show change vs prior quarter
| Quarter | Inst. Holders | Ξ Holders | Ownership % | Ξ Ownership | Total 13F Value | Ξ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 163 | 2.4% | 37.87% | 7.59 pp | $1.85B | 17% |
| Q4 2025 | 167 | +5.0% | 45.46% | +0.02 pp | $2.22B | +0.0% |
| Q3 2025 | 159 | +0.0% | 45.44% | +14.09 pp | $2.22B | +45% |
| Q2 2025 | 159 | +7.4% | 31.35% | 3.60 pp | $1.53B | 10% |
| Q1 2025 | 148 | +12% | 34.95% | 10.39 pp | $1.71B | 23% |
| Q4 2024 | 132 | +35% | 45.34% | +6.58 pp | $2.21B | +17% |
| Q3 2024 | 98 | +34% | 38.76% | +7.06 pp | $1.89B | +22% |
| Q2 2024 | 73 | β | 31.70% | β | $1.55B | β |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Ξ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying GBTG stock.
Based on Q1 2026 13F filings, institutional ownership of Global Business Travel Group, Inc. stands at 37.9%, held across 163 reporting institutions.
AMERICAN EXPRESS CO is the largest reported institutional holder of GBTG, with approximately 157,786,199 shares worth $0.88B as of Q1 2026.
No marquee "smart money" managers (Berkshire, Burry, ARK, Tiger Global, Pershing Square, Baupost, etc.) currently appear among the top 25 institutional holders of GBTG.
Our composite Smart Money Score for GBTG is 22 out of 100 (Bearish). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
45 institutions opened new positions in GBTG during Q1 2026, while 49 fully exited. 26 added to existing positions and 91 trimmed.
GBTG institutional ownership fell by 7.59 percentage points quarter-over-quarter, with a net change of -4 holders.
The top 10 institutions account for 90.3% of all reported 13F value in GBTG, and the top 25 account for 97.1%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
Global Business Travel Group, Inc. (GBTG) Institutional Ownership