GBTG Global Business Travel Group, Inc.
Global Business Travel Group, Inc. (GBTG) Hedge Fund Activity
This view isolates hedge funds from the broader institutional ownership shown on the Institutional tab. A pension fund tracking an index may have no view on a stock; when a hedge fund builds or exits a position, that decision can carry information. This page measures those changes. Positions as of June 30, 2026.
Based on quarterly 13F long-equity filings. Changes compare reported quarter-end positions; filings can be reported up to 45 days later and do not represent a fund's complete exposure.
Most significant moves
Ranked by conviction, not size — how much of the fund's own book the position represents, how far it moved, and what kind of fund made it.
| Fund | Action | Shares changed | Change | Est. value | Portfolio wt. | Score |
|---|---|---|---|---|---|---|
| Polar Asset Management Partners Long/Short | New | +4.85M | — | $45.5M | 1.7% | 65 |
| PAR Capital Management Long/Short | Sold Out | -1.69M | -100.0% | $15.8M | 0.0% | 61 |
| CITADEL ADVISORS LLC Quant | New | +173.0K | — | $1.6M | 0.0% | 60 |
| LMR Partners Event Quant | New | +1.75M | — | $16.4M | 0.2% | 58 |
| TWO SIGMA INVESTMENTS, LP Quant | Sold Out | -52.5K | -100.0% | $493.0K | 0.0% | 57 |
| Wolverine Asset Management Event Quant | New | +236.4K | — | $2.2M | 0.1% | 56 |
| MARSHALL WACE, LLP Long/Short | Sold Out | -68.4K | -100.0% | $642.4K | 0.0% | 56 |
| Verition Fund Management Event Long/Short | New | +425.0K | — | $4.0M | 0.0% | 56 |
| MILLENNIUM MANAGEMENT LLC | Increased | +2.10M | +1143.4% | $19.7M | 0.0% | 55 |
| Squarepoint Ops LLC Quant | New | +19.0K | — | $178.7K | 0.0% | 54 |
Most significant buyers
By move score, not size.
- Polar Asset Management Partners
- CITADEL ADVISORS LLC
- LMR Partners
- Wolverine Asset Management
- Verition Fund Management
Most significant sellers
By move score, not size.
- PAR Capital Management
- TWO SIGMA INVESTMENTS, LP
- MARSHALL WACE, LLP
- Hudson Bay Capital Management
- Capstone Investment Advisors
Hedge fund positions
| Fund | Tier | Shares | Previous | Change | Change % | Portfolio wt. | Action | Score |
|---|---|---|---|---|---|---|---|---|
| Polar Asset Management Partners | 3 | 4.8M | 0 | +4.85M | — | 1.7% | New | 65 |
| PAR Capital Management | 2 | 0 | 1.7M | -1.69M | -100.0% | 0.0% | Sold Out | 61 |
| CITADEL ADVISORS LLC | 1 | 173.0K | 0 | +173.0K | — | 0.0% | New | 60 |
| LMR Partners | 3 | 1.8M | 0 | +1.75M | — | 0.2% | New | 58 |
| TWO SIGMA INVESTMENTS, LP | 2 | 0 | 52.5K | -52.5K | -100.0% | 0.0% | Sold Out | 57 |
| Wolverine Asset Management | 2 | 236.4K | 0 | +236.4K | — | 0.1% | New | 56 |
| MARSHALL WACE, LLP | 2 | 0 | 68.4K | -68.4K | -100.0% | 0.0% | Sold Out | 56 |
| Verition Fund Management | 2 | 425.0K | 0 | +425.0K | — | 0.0% | New | 56 |
| MILLENNIUM MANAGEMENT LLC | 2 | 2.3M | 183.7K | +2.10M | +1143.4% | 0.0% | Increased | 55 |
| Squarepoint Ops LLC | 2 | 19.0K | 0 | +19.0K | — | 0.0% | New | 54 |
| Hudson Bay Capital Management | 3 | 0 | 23.8K | -23.8K | -100.0% | 0.0% | Sold Out | 53 |
| Balyasny Asset Management L.P. | 2 | 337.4K | 81.4K | +256.0K | +314.4% | 0.0% | Increased | 53 |
| Schonfeld Strategic Advisors | 3 | 240.2K | 0 | +240.2K | — | 0.0% | New | 53 |
| Capstone Investment Advisors | 3 | 0 | 43.7K | -43.7K | -100.0% | 0.0% | Sold Out | 53 |
| Trexquant Investment | 3 | 0 | 110.2K | -110.2K | -100.0% | 0.0% | Sold Out | 53 |
| Man Group | 3 | 0 | 48.9K | -48.9K | -100.0% | 0.0% | Sold Out | 52 |
| Centiva Capital | 4 | 408.0K | 0 | +408.0K | — | 0.2% | New | 51 |
| Lighthouse Investment Partners | 3 | 0 | 27.4K | -27.4K | -100.0% | 0.0% | Sold Out | 51 |
| Brevan Howard Capital Management | 3 | 10.0K | 0 | +10.0K | — | 0.0% | New | 49 |
| Boothbay Fund Management | 4 | 16.4K | 0 | +16.4K | — | 0.0% | New | 49 |
| Aquatic Capital Management | 4 | 0 | 95.7K | -95.7K | -100.0% | 0.0% | Sold Out | 48 |
| RENAISSANCE TECHNOLOGIES LLC | 1 | 114.8K | 404.8K | -290.0K | -71.6% | 0.0% | Reduced | 47 |
| Quantbot Technologies | 4 | 4.9K | 0 | +4.9K | — | 0.0% | New | 45 |
| AQR Capital Management | 3 | 55.4K | 205.6K | -150.2K | -73.1% | 0.0% | Reduced | 40 |
| Jain Global | 3 | 41.5K | 52.1K | -10.7K | -20.4% | 0.0% | Reduced | 26 |
| CastleKnight Management | 3 | 140.1K | 139.0K | +1.1K | +0.8% | 0.0% | Increased | 19 |
Every fund above opens. Subscribers can see any manager's whole portfolio — every position, its weight, and what they bought, trimmed and exited last quarter.
Sign in or subscribeHedge funds are identified from their 13F filings, which are due 45 days after quarter end and cover long U.S.-listed equity positions only. A fund's short book never appears, so a reduced position can mean a changed view or a changed hedge — the filing doesn't say which.