Mar 31, 2026 filings. Quarterly 13F reports arrive up to 45 days after quarter end; this register is filed through May 29, 2026.
159 institutional managers reported holding GBTG for the quarter ended Mar 31, 2026. Together they hold about 64% of shares outstanding; the top 10 hold 59%. 39 opened new positions; 47 closed out. Complete ranked register from SEC 13F filings.
| manager | shares | % out | value (Mar 31, 2026 close) | change | held since |
|---|---|---|---|---|---|
| American Express CO (focused) | 157.79M | 30.38% | $883.6M | unchanged | 2023 Q4 |
| BlackRock | 48.68M | 9.37% | $272.6M | added +399% | 2022 Q3 |
| Apollo Management | 22.88M | 4.41% | $128.2M | unchanged | 2022 Q2 |
| Redwood Capital Management, LLC (focused) | 21.95M | 4.23% | $122.9M | added +2.3% | 2025 Q3 |
| Vanguard Group | 14.04M | 2.70% | $78.6M | added +1.3% | 2022 Q3 |
| Ares Management (focused) | 13.89M | 2.67% | $77.8M | unchanged | 2022 Q2 |
| Attestor Capital LTD (focused) | 8.88M | 1.71% | $49.7M | unchanged | 2025 Q4 |
| Monarch Alternative Capital LP (focused) | 7.80M | 1.50% | $43.7M | added +9.3% | 2025 Q3 |
| Dimensional Fund Advisors | 4.26M | 0.82% | $23.8M | added +28.2% | 2024 Q1 |
| Anchorage Capital Advisors, L.p. (focused) | 3.59M | 0.69% | $20.1M | unchanged | 2025 Q3 |
| Geode Capital | 2.96M | 0.57% | $16.5M | added +2.1% | 2022 Q3 |
| State Street | 2.75M | 0.53% | $15.4M | added +4.7% | 2022 Q4 |
| Boundary Creek Advisors LP (focused) | 2.74M | 0.53% | $15.3M | unchanged | 2025 Q3 |
| BlackBarn Capital Partners LP (focused) | 2.00M | 0.39% | $11.2M | opened | 2026 Q1 |
| PAR Capital Management INC (focused) | 1.69M | 0.33% | $9.4M | added +91% | 2023 Q3 |
| Northern Trust | 1.21M | 0.23% | $6.8M | added +6.2% | 2022 Q3 |
| Charles Schwab Investment Management | 998.1k | 0.19% | $5.6M | trimmed -3.4% | 2023 Q2 |
| PB Investment Partners, L.p. (focused) | 931.0k | 0.18% | $5.2M | unchanged | 2024 Q2 |
| UBS | 894.6k | 0.17% | $5.0M | trimmed -18.6% | 2022 Q2 |
| Wellington Management | 739.3k | 0.14% | $4.1M | trimmed -3.3% | 2025 Q3 |
| XTX Topco LTD | 603.7k | 0.12% | $3.4M | added +159.4% | 2024 Q4 |
| Mirabella Financial Services LLP | 573.7k | 0.11% | $3.2M | opened | 2026 Q1 |
| Lazard Asset Management LLC | 545.1k | 0.10% | $3.1M | added +439% | 2025 Q4 |
| FMR (Fidelity) | 541.1k | 0.10% | $3.0M | trimmed -7% | 2023 Q2 |
| Ballast Asset Management, LP | 501.3k | 0.10% | $2.8M | added +2.4% | 2023 Q3 |
| Goldman Sachs | 437.4k | 0.08% | $2.4M | trimmed -49.6% | 2024 Q2 |
| Boussard & Gavaudan Investment Management LLP | 430.2k | 0.08% | $2.4M | added +198.3% | 2025 Q4 |
| BNY Mellon | 424.0k | 0.08% | $2.4M | added +4.4% | 2023 Q2 |
| First Trust Advisors LP | 407.0k | 0.08% | $2.3M | trimmed -29.3% | 2024 Q4 |
| Renaissance Technologies | 404.8k | 0.08% | $2.3M | trimmed -19.2% | 2023 Q4 |
| SEI Investments CO | 343.8k | 0.07% | $1.9M | added +90.3% | 2025 Q2 |
| Nuveen | 333.8k | 0.06% | $1.9M | trimmed -1.4% | 2023 Q2 |
| Wealthspire Advisors, LLC | 258.6k | 0.05% | $1.4M | unchanged | 2025 Q1 |
| Morgan Stanley | 209.0k | 0.04% | $1.2M | trimmed -67.2% | 2022 Q2 |
| Swiss National Bank | 208.7k | 0.04% | $1.2M | unchanged | 2024 Q3 |
| Quantinno Capital Management LP | 208.1k | 0.04% | $1.2M | added +720.9% | 2025 Q1 |
| AQR Capital | 205.6k | 0.04% | $1.2M | added +67.3% | 2024 Q3 |
| Millennium Management | 183.7k | 0.04% | $1.0M | trimmed -89.1% | 2024 Q2 |
| Blackstone | 176.5k | 0.03% | $988k | trimmed -50% | 2025 Q3 |
| Tidal Investments LLC | 169.7k | 0.03% | $950k | added +5.4% | 2024 Q1 |
| Invesco | 166.0k | 0.03% | $929k | added +17.7% | 2023 Q2 |
| AllianceBernstein | 148.8k | 0.03% | $833k | added +11.3% | 2024 Q1 |
| CastleKnight Management LP | 139.0k | 0.03% | $778k | unchanged | 2025 Q3 |
| California State Teachers Retirement System | 127.1k | 0.02% | $712k | added +43% | 2023 Q2 |
| Rhumbline Advisers | 124.1k | 0.02% | $695k | trimmed -7.2% | 2023 Q2 |
| Deutsche Bank AG\ | 123.5k | 0.02% | $691k | trimmed -22.4% | 2023 Q2 |
| American Capital Advisory, LLC | 122.6k | 0.02% | $687k | unchanged | 2024 Q3 |
| Bank OF America CORP /DE/ | 117.7k | 0.02% | $659k | trimmed -49.9% | 2022 Q2 |
| American Century Companies INC | 114.4k | 0.02% | $641k | added +226% | 2025 Q1 |
| Trexquant Investment LP | 110.2k | 0.02% | $617k | opened | 2026 Q1 |
Largest 50 of 159 shown; the full ranked, searchable register is at boothcheck.com/holders/GBTG. Related filers are grouped using the filings' own included-manager declarations. Historically, several managers opening new positions in the same quarter said almost nothing about the quarter that followed (59,118 cases since 2013). A filed record, not a forecast. Nothing here is investment advice.