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Global Business Travel Group, Inc.

GBTG
Exchange
NYSE
Industry
Transportation Services
SEC CIK
0001820872

In the last 90 days, Global Business Travel Group, Inc. insiders filed 0 open-market purchases and 4 sales; 190 institutions reported holding it in 13F filings for Q2 2026, worth $3.09B in total; Soros Fund Management is the only superinvestor holding it.

13F holders, Q4 2025

Institutional positions in Global Business Travel Group, Inc. as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
170
+10 vs. Q3 2025
Shares held
290.7M
+9.29M (+3.3%) vs. Q3 2025
Total value
$2.22B
+$3.82M (+0.2%) vs. Q3 2025
New holders
33
79 more added
Sold out
23
36 more reduced

2 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q3 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting GBTG on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ4 2025: 170 institutions
Q1 2021: 0 institutionsQ2 2021: 0 institutionsQ3 2021: 0 institutionsQ4 2021: 0 institutionsQ1 2022: 0 institutionsQ2 2022: 42 institutionsQ3 2022: 39 institutionsQ4 2022: 44 institutionsQ1 2023: 41 institutionsQ2 2023: 54 institutionsQ3 2023: 63 institutionsQ4 2023: 59 institutionsQ1 2024: 64 institutionsQ2 2024: 74 institutionsQ3 2024: 97 institutionsQ4 2024: 133 institutionsQ1 2025: 148 institutionsQ2 2025: 160 institutionsQ3 2025: 162 institutionsQ4 2025: 170 institutionsQ1 2026: 168 institutionsQ2 2026: 190 institutions
Value heldQ4 2025: $2.22B
Q1 2021: $0Q2 2021: $0Q3 2021: $0Q4 2021: $0Q1 2022: $0Q2 2022: $299.0MQ3 2022: $270.6MQ4 2022: $387.8MQ1 2023: $383.4MQ2 2023: $429.1MQ3 2023: $358.3MQ4 2023: $1.44BQ1 2024: $1.38BQ2 2024: $1.55BQ3 2024: $1.89BQ4 2024: $2.22BQ1 2025: $1.74BQ2 2025: $1.54BQ3 2025: $2.22BQ4 2025: $2.22BQ1 2026: $1.85BQ2 2026: $3.09B
Institutions holding GBTG and their total value by quarter
QuarterHoldersValue
Q2 2026190$3.09B
Q1 2026168$1.85B
Q4 2025170$2.22B
Q3 2025162$2.22B
Q2 2025160$1.54B
Q1 2025148$1.74B
Q4 2024133$2.22B
Q3 202497$1.89B
Q2 202474$1.55B
Q1 202464$1.38B
Q4 202359$1.44B
Q3 202363$358.3M
Q2 202354$429.1M
Q1 202341$383.4M
Q4 202244$387.8M
Q3 202239$270.6M
Q2 202242$299.0M
Q1 20220$0
Q4 20210$0
Q3 20210$0
Q2 20210$0
Q1 20210$0

Institutions, Q4 2025

Shares, value and share of portfolio for each institution holding Global Business Travel Group, Inc.; share changes are against Q3 2025.

Institutions holding GBTG in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
American Express Co157,786,199$1.21B100.00%00.0%Unchanged
Apollo Management Holdings, L.P.22,884,991$175.1M1.73%−2,821,895−11.0%Reduced
Redwood Capital Management, LLC21,453,816$164.1M17.57%+10.0%Added
Ares Management LLC13,886,023$106.2M6.07%00.0%Unchanged
Vanguard Group Inc13,857,451$106.0M0.00%+2,744,068+24.7%Added
BlackRock, Inc.9,756,117$74.6M0.00%+1,904,176+24.3%Added
Attestor Capital Ltd8,878,004$67.9M32.07%+8,878,004New
Monarch Alternative Capital LP7,138,582$54.6M7.11%00.0%Unchanged
Anchorage Capital Advisors, L.P.3,593,635$27.5M25.98%−3,593,623−50.0%Reduced
Dimensional Fund Advisors LP3,318,614$25.4M0.01%+492,253+17.4%Added
Geode Capital Management, LLC2,894,872$22.2M0.00%+516,047+21.7%Added
Boundary Creek Advisors LP2,735,449$20.9M100.00%00.0%Unchanged
State Street Corp2,628,063$20.1M0.00%+370,657+16.4%Added
Millennium Management LLC1,679,217$12.8M0.01%+1,618,081+2,646.7%Added
Northern Trust Corp1,143,757$8.75M0.00%+157,043+15.9%Added
Charles Schwab Investment Management Inc1,033,182$7.90M0.00%+135,652+15.1%Added
PB Investment Partners, L.P.930,961$7.12M4.52%+842+0.1%Added
Par Capital Management Inc883,244$6.76M0.18%−155,770−15.0%Reduced
Goldman Sachs Group Inc867,325$6.64M0.00%+34,130+4.1%Added
UBS Group AG815,625$6.24M0.00%+124,344+18.0%Added
Wellington Management Group LLP764,614$5.85M0.00%−96,387−11.2%Reduced
Morgan Stanley637,508$4.88M0.00%−143,045−18.3%Reduced
Susquehanna International Group, LLP593,593$4.54M0.01%+593,593New
FMR LLC581,701$4.45M0.00%−676,361−53.8%Reduced
First Trust Advisors LP575,984$4.41M0.00%+575,984New
Renaissance Technologies LLC500,720$3.83M0.01%−190,900−27.6%Reduced
Ballast Asset Management, LP489,519$3.74M1.77%−16,480−3.3%Reduced
Bank of New York Mellon Corp406,011$3.11M0.00%+103,420+34.2%Added
Blackstone Group Inc.353,031$2.70M0.01%−2,805−0.8%Reduced
Nuveen, LLC338,603$2.59M0.00%+41,549+14.0%Added
JPMorgan Chase & Co310,611$2.38M0.00%+233,643+303.6%Added
Neo Ivy Capital Management296,762$2.27M0.36%+258,868+683.1%Added
UBS Asset Management Americas Inc283,468$2.17M0.00%+40,645+16.7%Added
Wealthspire Advisors, LLC258,732$1.98M0.02%+139+0.1%Added
E. Ohman J:or Asset Management AB237,167$1.81M0.04%−122,034−34.0%Reduced
Bank of America Corp235,076$1.80M0.00%+44,111+23.1%Added
XTX Topco Ltd232,689$1.78M0.05%+220,073+1,744.4%Added
SG Americas Securities, LLC217,888$1.67M0.00%+217,888New
ExodusPoint Capital Management, LP212,379$1.62M0.02%+17,635+9.1%Added
Swiss National Bank208,700$1.60M0.00%+23,100+12.4%Added
Barclays PLC203,854$1.56M0.00%−163,671−44.5%Reduced
SEI Investments Co180,660$1.38M0.00%+163,153+931.9%Added
Toroso Investments, LLC160,916$1.23M0.01%−38,461−19.3%Reduced
Deutsche Bank AG159,127$1.22M0.00%+29,654+22.9%Added
Ionic Capital Management LLC158,007$1.21M1.20%−10,000−6.0%Reduced
Boussard & Gavaudan Investment Management LLP144,203$1.12M0.09%+144,203New
Wells Fargo & Company143,307$1.10M0.00%+83,618+140.1%Added
Invesco Ltd.141,062$1.08M0.00%+24,353+20.9%Added
CastleKnight Management LP138,963$1.06M0.06%00.0%Unchanged
Gsa Capital Partners LLP138,798$1.06M0.09%+105,615+318.3%Added
Rhumbline Advisers133,723$1.02M0.00%−3,480−2.5%Reduced
Alliancebernstein L.P.133,667$1.02M0.00%−353−0.3%Reduced
American Capital Advisory, LLC122,969$940.7K0.41%−2,882−2.3%Reduced
AQR Capital Management LLC122,869$939.9K0.00%+26,479+27.5%Added
Legal & General Group Plc106,395$813.9K0.00%+705+0.7%Added
Lazard Asset Management LLC101,142$773.7K0.00%+101,142New
Balyasny Asset Management LLC90,228$690.2K0.00%+90,228New
California State Teachers Retirement System88,896$680.1K0.00%+2,143+2.5%Added
Verition Fund Management LLC88,785$679.2K0.00%−60,968−40.7%Reduced
Walleye Capital LLC81,623$624.4K0.00%+81,623New
Manufacturers Life Insurance Company, The80,660$617.0K0.00%+18,910+30.6%Added
Quest Partners LLC78,338$599.3K0.03%+6,373+8.9%Added
MetLife Investment Management73,129$559.4K0.00%+15,219+26.3%Added
Price T Rowe Associates Inc72,097$552.0K0.00%+22,382+45.0%Added
Connor, Clark & Lunn Investment Management Ltd.62,716$479.8K0.00%+62,716New
Two Sigma Advisers, LP62,000$474.3K0.00%+62,000New
Mirae Asset Global ETFs Holdings Ltd.60,618$463.7K0.00%+16,265+36.7%Added
Jane Street Group, LLC55,445$424.2K0.00%−88,387−61.5%Reduced
Zurcher Kantonalbank (Zurich Cantonalbank)55,379$423.6K0.00%00.0%Unchanged
Man Group plc54,368$415.9K0.00%+22,349+69.8%Added
DCM Advisors, LLC53,656$410.5K0.17%+53,656New
Jain Global LLC50,586$387.0K0.00%+35,182+228.4%Added
Point72 Asset Management, L.P.50,000$382.5K0.00%+50,000New
Ethic Inc.49,919$381.9K0.01%+21,166+73.6%Added
Intech Investment Management LLC48,574$371.6K0.00%−6,274−11.4%Reduced
Engineers Gate Manager LP45,866$350.9K0.00%+29,004+172.0%Added
Citadel Advisors LLC45,188$345.7K0.00%−17,725−28.2%Reduced
Vident Advisory, LLC44,929$343.7K0.00%+44,929New
Occudo Quantitative Strategies LP44,260$338.6K0.02%+44,260New
Fieldview Capital Management, LLC38,265$292.7K0.05%+25,664+203.7%Added
Squarepoint Ops LLC36,976$282.9K0.00%−40,753−52.4%Reduced
Algert Global LLC35,871$274.4K0.00%+35,871New
Janus Henderson Group PLC35,500$271.8K0.00%00.0%Unchanged
Inceptionr LLC35,338$270.3K0.08%+19,957+129.8%Added
American Century Companies Inc35,096$268.5K0.00%−13,584−27.9%Reduced
Police & Firemen's Retirement System of New Jersey32,175$246.1K0.00%+4,181+14.9%Added
Harbor Capital Advisors, Inc.31,982$245.0K0.02%+7,483+30.5%Added
New York State Common Retirement Fund30,872$236.2K0.00%+10,400+50.8%Added
Handelsbanken Fonder AB30,900$236.0K0.00%00.0%Unchanged
Arizona State Retirement System29,298$224.1K0.00%+968+3.4%Added
BNP Paribas Arbitrage, SA28,308$216.6K0.00%+9,181+48.0%Added
Victory Capital Management Inc26,890$205.7K0.00%+5,824+27.6%Added
State of Alaska, Department of Revenue26,842$205.0K0.00%+691+2.6%Added
Quantinno Capital Management LP25,353$193.9K0.00%+8,459+50.1%Added
Levin Capital Strategies, L.P.25,000$191.3K0.02%−25,000−50.0%Reduced
Swiss Life Asset Management Ltd24,210$185.2K0.00%+24,210New
Creative Planning23,896$182.8K0.00%+4,543+23.5%Added
ProShare Advisors LLC23,874$182.6K0.00%+7,716+47.8%Added
Wulff, Hansen & Co.23,126$176.9K0.15%00.0%Unchanged
KLP Kapitalforvaltning AS22,700$173.7K0.00%+5,400+31.2%Added