Vault-13

GLOBAL BUSINESS TRAVEL GROUP

COM CL A · CUSIP 37890B100

168 institutional holders -2 vs Q4 2025
331,968,626332.0m shares reported held*
$1.9bnreported value*
38 new 44 added 55 reduced 46 sold out net bought ≈ $229.3m (+41.1m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($9.8k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $5.58.

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 40Q4 22: 44Q1 23: 41Q2 23: 55Q3 23: 64Q4 23: 60Q1 24: 65Q2 24: 75Q3 24: 98Q4 24: 134Q1 25: 150Q2 25: 161Q3 25: 163Q4 25: 170Q1 26: 168168Q3 22Q3 23Q3 24Q3 25Q1 26
Numbers
QuarterHolders
Q3 202240
Q4 202244
Q1 202341
Q2 202355
Q3 202364
Q4 202360
Q1 202465
Q2 202475
Q3 202498
Q4 2024134
Q1 2025150
Q2 2025161
Q3 2025163
Q4 2025170
Q1 2026168

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
2000200Q2 24: 57 bought or addedQ2 24: 12 cut or sold outQ3 24: 63 bought or addedQ3 24: 24 cut or sold outQ3 24Q4 24: 87 bought or addedQ4 24: 30 cut or sold outQ1 25: 89 bought or addedQ1 25: 55 cut or sold outQ1 25Q2 25: 88 bought or addedQ2 25: 74 cut or sold outQ3 25: 86 bought or addedQ3 25: 79 cut or sold outQ3 25Q4 25: 110 bought or addedQ4 25: 59 cut or sold outQ1 26: 82 bought or addedQ1 26: 101 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20245712
Q3 20246324
Q4 20248730
Q1 20258955
Q2 20258874
Q3 20258679
Q4 202511059
Q1 202682101

Biggest buyers

BlackRock, Inc. Added +38,925,310+38.9m
BlackBarn Capital Partners LP New +2,000,000+2.0m
DIMENSIONAL FUND ADVISORS LP Added +936,989+937.0k
PAR CAPITAL MANAGEMENT INC Added +803,390+803.4k
Monarch Alternative Capital LP Added +661,418+661.4k
MIRABELLA FINANCIAL SERVICES LLP New +573,721+573.7k
REDWOOD CAPITAL MANAGEMENT, LLC Added +500,000+500.0k
LAZARD ASSET MANAGEMENT LLC Added +444,003+444.0k
XTX Topco Ltd Added +370,977+371.0k
Boussard & Gavaudan Investment Management LLP Added +285,973+286.0k

Biggest sellers

MILLENNIUM MANAGEMENT LLC Reduced -1,495,535-1.5m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -496,328-496.3k
GOLDMAN SACHS GROUP INC Reduced -429,965-430.0k
MORGAN STANLEY Reduced -428,535-428.5k
Neo Ivy Capital Management Sold out -296,762-296.8k
E. Ohman J:or Asset Management AB Sold out -237,167-237.2k
ExodusPoint Capital Management, LP Sold out -212,379-212.4k
UBS Group AG Reduced -204,492-204.5k
JPMORGAN CHASE & CO Reduced -188,552-188.6k
Blackstone Inc. Reduced -176,515-176.5k

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
Expedia Group, Inc. 13D · may seek influence filed 2026-05-05
Stated purposeEXPLANATORY NOTE: This Amendment No. 3 (the "Amendment") amends and supplements the Schedule 13D filed by the Reporting Person on June 6, 2022, as amended by Amendment No. 1 thereto filed on July 12, 2023 and Amendment No. 2 thereto filed on January 16, 2024, with respect to the Class A common stock (the "Schedule 13D"). Capitalized terms used in this Amendment and not defined herein shall have the same meanings ascribed to them in the Schedule 13D. Item 4 of the Schedule 13D is hereby amended by adding the following: Voting Agreement On May 2, 2026, the Issuer entered into an Agreement and Plan of Merger (the "Merger Agreement") with Gaia Purchaser, Inc., a Delaware corporation ("Parent"), and Gaia Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of Parent ("Merger… Full filing
 14.3% 74.8m≈ $702.8m 2026-05-05
BlackRock Portfolio Management LLC 13D · may seek influence -0.7 pts · filed 2026-05-05
Stated purposeAll of the Class A Common Stock of the Issuer reported on this Schedule 13D was acquired in the ordinary course of business for investment purposes by the Reporting Business Units. On May 2, 2026, the Issuer entered into an Agreement and Plan of Merger (the "Merger Agreement") with Gaia Purchaser, Inc., a Delaware corporation ("Parent"), and Gaia Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of Parent ("Merger Sub"), pursuant to which the Issuer is to be acquired by Long Lake Management Holdings Inc. Pursuant to the Merger Agreement, Merger Sub will be merged with and into the Company (the "Merger"), with the Company surviving as a wholly owned subsidiary of Parent. Upon the terms and subject to the conditions set forth in the Merger Agreement, at the effective t… Full filing
 7.5% -0.7 pts 39.2m≈ $368.0m 2026-05-05

Fell to 5% or below in the last year: AMERICAN EXPRESS CO (0.0%, 2026-10-01), Qatar Investment Authority (0.0%, 2026-09-29), Apollo Principal Holdings A GP, Ltd. (4.4%, 2026-02-20)

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 AMERICAN EXPRESS CO 100.00% of their portfolio NEW YORK, NY 157,786,199157.8m $880.4m $880.4m 100.00% Unchanged
2 BlackRock, Inc. 0.00% of their portfolio New York, NY 48,681,42748.7m $271.6m $271.6m 0.00% Added +38.9m +38,925,310
3 Apollo Management Holdings, L.P. 2.13% of their portfolio New York, NY 22,884,99122.9m $127.7m $127.7m 2.13% Unchanged
4 REDWOOD CAPITAL MANAGEMENT, LLC 18.17% of their portfolio New York, NY 21,953,81622.0m $122.5m $122.5m 18.17% Added +500.0k +500,000
5 ARES MANAGEMENT LLC 5.11% of their portfolio LOS ANGELES, CA 13,886,02313.9m $77.5m $77.5m 5.11% Unchanged
6 Attestor Capital Ltd 12.80% of their portfolio Grand Cayman, E9 8,878,0048.9m $48.6m $48.6m 12.80% Unchanged
7 Monarch Alternative Capital LP 7.40% of their portfolio New York, NY 7,800,0007.8m $43.5m $43.5m 7.40% Added +661.4k +661,418
8 VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio MALVERN, PA 6,582,3036.6m $36.7m $36.7m 0.00% First filing
9 VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio MALVERN, PA 6,442,2316.4m $35.9m $35.9m 0.00% First filing
10 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 4,255,6034.3m $23.7m $23.7m 0.00% Added +937.0k +936,989
11 Anchorage Capital Advisors, L.P. 11.20% of their portfolio NEW YORK, NY 3,593,6353.6m $20.1m $20.1m 11.20% Unchanged
12 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 2,955,3013.0m $16.5m $16.5m 0.00% Added +60.4k +60,429
13 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 2,752,0252.8m $15.4m $15.4m 0.00% Added +124.0k +123,962
14 Boundary Creek Advisors LP 100.00% of their portfolio TUCKAHOE, NY 2,735,4492.7m $15.3m $15.3m 100.00% Unchanged
15 BlackBarn Capital Partners LP 3.36% of their portfolio NEW YORK, NY 2,000,0002.0m $11.2m $11.2m 3.36% New
16 PAR CAPITAL MANAGEMENT INC 0.27% of their portfolio BOSTON, MA 1,686,6341.7m $9.4m $9.4m 0.27% Added +803.4k +803,390
17 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 1,214,8281.2m $6.8m $6.8m 0.00% Added +71.1k +71,071
18 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 998,126998.1k $5.6m $5.6m 0.00% Reduced -35.1k -35,056
19 PB INVESTMENT PARTNERS, L.P. 4.09% of their portfolio BURLINGAME, CA 930,961931.0k $5.2m $5.2m 4.09% Unchanged
20 VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio MALVERN, PA 868,158868.2k $4.8m $4.8m 0.00% First filing
21 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 739,303739.3k $4.1m $4.1m 0.00% Reduced -25.3k -25,311
22 UBS Group AG 0.00% of their portfolio ZURICH, V8 611,133611.1k $3.4m $3.4m 0.00% Reduced -204.5k -204,492
23 XTX Topco Ltd 0.06% of their portfolio LONDON, X0 603,666603.7k $3.4m $3.4m 0.06% Added +371.0k +370,977
24 MIRABELLA FINANCIAL SERVICES LLP 0.31% of their portfolio London, X0 573,721573.7k $3.2m $3.2m 0.31% New
25 LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 545,145545.1k $3.0m $3.0m 0.01% Added +444.0k +444,003
26 FMR LLC 0.00% of their portfolio BOSTON, MA 541,075541.1k $3.0m $3.0m 0.00% Reduced -40.6k -40,626
27 Ballast Asset Management, LP 1.24% of their portfolio DALLAS, TX 501,344501.3k $2.8m $2.8m 1.24% Added +11.8k +11,825
28 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 437,360437.4k $2.4m $2.4m 0.00% Reduced -430.0k -429,965
29 Boussard & Gavaudan Investment Management LLP 0.23% of their portfolio London, X0 430,176430.2k $2.4m $2.4m 0.23% Added +286.0k +285,973
30 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 424,010424.0k $2.4m $2.4m 0.00% Added +18.0k +17,999
31 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 407,016407.0k $2.3m $2.3m 0.00% Reduced -169.0k -168,968
32 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 404,820404.8k $2.3m $2.3m 0.00% Reduced -95.9k -95,900
33 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 343,833343.8k $1.9m $1.9m 0.00% Added +163.2k +163,173
34 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 333,781333.8k $1.9m $1.9m 0.00% Reduced -4.8k -4,822
35 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 283,437283.4k $1.6m $1.6m 0.00% Reduced -31 -31
36 Wealthspire Advisors, LLC 0.01% of their portfolio NEW YORK, NY 258,593258.6k $1.4m $1.4m 0.01% Reduced -139 -139
37 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 208,973209.0k $1.2m $1.2m 0.00% Reduced -428.5k -428,535
38 Swiss National Bank 0.00% of their portfolio ZURICH, V8 208,700208.7k $1.2m $1.2m 0.00% Unchanged
39 Quantinno Capital Management LP 0.00% of their portfolio NEW YORK, NY 208,118208.1k $1.2m $1.2m 0.00% Added +182.8k +182,765
40 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 205,575205.6k $1.1m $1.1m 0.00% Added +82.7k +82,706
41 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 183,682183.7k $1.0m $1.0m 0.00% Reduced -1.5m -1,495,535
42 Blackstone Inc. 0.00% of their portfolio NEW YORK, NY 176,516176.5k $985.0k $985.0k 0.00% Reduced -176.5k -176,515
43 Tidal Investments LLC 0.00% of their portfolio Milwaukee, WI 169,670169.7k $946.8k $946.8k 0.00% Added +8.8k +8,754
44 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 165,967166.0k $926.1k $926.1k 0.00% Added +24.9k +24,905
45 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 148,820148.8k $1.1m $1.1m 0.00% Added +15.2k +15,153
46 CastleKnight Management LP 0.04% of their portfolio New York, NY 138,963139.0k $775.4k $775.4k 0.04% Unchanged
47 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 127,138127.1k $709.4k $709.4k 0.00% Added +38.2k +38,242
48 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 124,053124.1k $692.2k $692.2k 0.00% Reduced -9.7k -9,670
49 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 123,477123.5k $689.0k $689.0k 0.00% Reduced -35.6k -35,650
50 American Capital Advisory, LLC 0.28% of their portfolio KETCHUM, ID 122,645122.6k $684.4k $684.4k 0.28% Reduced -324 -324
51 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 122,059122.1k $659.1k $659.1k 0.00% Reduced -188.6k -188,552
52 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 117,689117.7k $656.7k $656.7k 0.00% Reduced -117.4k -117,387
53 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 114,412114.4k $638.4k $638.4k 0.00% Added +79.3k +79,316
54 Trexquant Investment LP 0.00% of their portfolio STAMFORD, CT 110,208110.2k $615.0k $615.0k 0.00% New
55 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 109,261109.3k $609.7k $609.7k 0.00% Added +53.9k +53,882
56 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 97,26597.3k $542.7k $542.7k 0.00% Reduced -496.3k -496,328
57 Aquatic Capital Management LLC 0.02% of their portfolio CHICAGO, IL 95,71995.7k $534.1k $534.1k 0.02% New
58 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 93,65593.7k $523.0k $523.0k 0.00% Added +21.6k +21,558
59 ZACKS INVESTMENT MANAGEMENT 0.00% of their portfolio Chicago, IL 83,73683.7k $467.2k $467.2k 0.00% New
60 Verdence Capital Advisors LLC 0.03% of their portfolio HUNT VALLEY, MD 82,13282.1k $458.3k $458.3k 0.03% New
61 Balyasny Asset Management L.P. 0.00% of their portfolio Chicago, IL 81,43781.4k $454.4k $454.4k 0.00% Reduced -8.8k -8,791
62 Legal & General Group Plc 0.00% of their portfolio London, X0 77,65377.7k $433.3k $433.3k 0.00% Reduced -28.7k -28,742
63 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 76,55876.6k $427.2k $427.2k 0.00% Reduced -4.1k -4,102
64 VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio London, EC4N 8AF, X0 74,92274.9k $418.1k $418.1k 0.00% First filing
65 HARBOR CAPITAL ADVISORS, INC. 0.03% of their portfolio CHICAGO, IL 74,68874.7k $417.0k $417.0k 0.03% Added +42.7k +42,706
66 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 71,40971.4k $398.5k $398.5k 0.00% Added +47.5k +47,513
67 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 70,82470.8k $395.2k $395.2k 0.00% Reduced -133.0k -133,030
68 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 68,41668.4k $381.8k $381.8k 0.00% Added +46.8k +46,816
69 DRW Securities, LLC 0.02% of their portfolio CHICAGO, IL 66,92066.9k $373.4k $373.4k 0.02% New
70 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 66,88166.9k $373.2k $373.2k 0.00% Added +63.2k +63,223
71 MetLife Investment Management, LLC 0.00% of their portfolio Whippany, NJ 64,19764.2k $358.2k $358.2k 0.00% Reduced -8.9k -8,932
72 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio CAUSEWAY BAY, K3 61,25361.3k $341.8k $341.8k 0.00% Added +635 +635
73 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 60,09560.1k $335.3k $335.3k 0.00% New
74 Blueshift Asset Management, LLC 0.09% of their portfolio RED BANK, NJ 53,62553.6k $299.2k $299.2k 0.09% New
75 Vident Advisory, LLC 0.00% of their portfolio Alpharetta, GA 52,55452.6k $293.3k $293.3k 0.00% Added +7.6k +7,625
76 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 52,50052.5k $292.9k $292.9k 0.00% New
77 Jain Global LLC 0.00% of their portfolio NEW YORK, NY 52,14452.1k $291.0k $291.0k 0.00% Added +1.6k +1,558
78 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 50,30550.3k $281.0k $281.0k 0.00% Reduced -167.6k -167,583
79 Man Group plc 0.00% of their portfolio LONDON, X0 48,89748.9k $272.8k $272.8k 0.00% Reduced -5.5k -5,471
80 Vanguard Global Advisers, LLC 0.00% of their portfolio MALVERN, PA 48,44448.4k $270.3k $270.3k 0.00% First filing
81 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 47,69647.7k $266.1k $266.1k 0.00% Reduced -95.6k -95,611
82 INTECH INVESTMENT MANAGEMENT LLC 0.00% of their portfolio WEST PALM BEACH, FL 45,56445.6k $254.2k $254.2k 0.00% Reduced -3.0k -3,010
83 CAPSTONE INVESTMENT ADVISORS, LLC 0.00% of their portfolio NEW YORK, NY 43,73543.7k $244.0k $244.0k 0.00% New
84 VARCOV Co. 0.08% of their portfolio DARIEN, CT 40,09740.1k $223.7k $223.7k 0.08% New
85 JANUS HENDERSON GROUP PLC 0.00% of their portfolio LONDON, X0 35,50035.5k $198.6k $198.6k 0.00% Unchanged
86 Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio TRENTON, NJ 32,17532.2k $179.5k $179.5k 0.00% Unchanged
87 Ethic Inc. 0.00% of their portfolio NEW YORK, NY 30,93930.9k $172.6k $172.6k 0.00% Reduced -19.0k -18,980
88 Handelsbanken Fonder AB 0.00% of their portfolio STOCKHOLM, V7 30,90030.9k $172.0k $172.0k 0.00% Unchanged
89 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 30,87230.9k $172.3k $172.3k 0.00% Unchanged
90 Amundi 0.00% of their portfolio Paris, I0 30,21830.2k $168.6k $168.6k 0.00% Added +17.9k +17,899
91 ARIZONA STATE RETIREMENT SYSTEM 0.00% of their portfolio PHOENIX, AZ 29,08129.1k $162.3k $162.3k 0.00% Reduced -217 -217
92 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 28,36228.4k $158.3k $158.3k 0.00% Added +54 +54
93 Lighthouse Investment Partners, LLC 0.01% of their portfolio Palm Beach Gardens, FL 27,42727.4k $153.0k $153.0k 0.01% New
94 Freestone Grove Partners LP 0.00% of their portfolio San Francisco, CA 27,32827.3k $152.5k $152.5k 0.00% New
95 VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio San Antonio, TX 26,94226.9k $150.3k $150.3k 0.00% Added +52 +52
96 State of Alaska, Department of Revenue 0.00% of their portfolio JUNEAU, AK 26,84226.8k $149.0k $149.0k 0.00% Unchanged
97 PIER 88 INVESTMENT PARTNERS LLC 0.04% of their portfolio SAN FRANCISCO, CA 25,90025.9k $144.5k $144.5k 0.04% New
98 Inscription Capital, LLC 0.01% of their portfolio HOUSTON, TX 25,09225.1k $140.0k $140.0k 0.01% New
99 LEVIN CAPITAL STRATEGIES, L.P. 0.01% of their portfolio NEW YORK, NY 25,00025.0k $139.5k $139.5k 0.01% Unchanged
100 Hudson Bay Capital Management LP 0.00% of their portfolio STAMFORD, CT 23,76023.8k $132.6k $132.6k 0.00% New