Global Business Travel Group (GBTG): which funds own it

Who owns Global Business Travel Group?

Holders reporting more than 5% of the shares to the SEC (Schedules 13D/13G): Expedia Group, 14.3% (13D/A filed May 5, 2026) and BlackRock Portfolio Management, 7.5% (13D filed May 5, 2026). As of Jun 30, 2026, the largest holders reported on Form 13F were American Express (30.3% of the shares), BlackRock (9.5%) and Apollo Management Holdings (4.2%).

Sources:13D/A by Expedia Group (May 5, 2026) ↗13D by BlackRock Portfolio Management (May 5, 2026) ↗All of the company's proxy statements on EDGAR ↗

13F percentages divide the shares each institution reports by the shares outstanding on the cover of the company's latest report before the quarter end (May 7, 2026). Entities of the same group file separately and are not added up. We hold 13D and 13G filings made since Dec 23, 2024: a holder above 5% that has not filed since then does not appear here.

• American Express157.8 MSingle-position portfolio · 30.21% of the company0
• BlackRock49.5 MIndex manager · 9.47% of the company+809 K
• Apollo Management Holdings21.7 MType not verified · 4.16% of the company−1.2 M
• Redwood Capital Management11.0 MCredit fund · 2.11% of the company−11.0 M
• Nexpoint Asset Management8.1 MInvestment firm · 1.55% of the company+8.1 M
• Vanguard Portfolio Management6.5 MIndex manager · 1.25% of the company+84 K
• Vanguard Capital Management6.5 MIndex manager · 1.25% of the company−56 K
• Glazer Capital5.1 MType not verified · 0.98% of the company+5.1 M
• Polar Asset Management Partners4.8 MType not verified · 0.93% of the company+4.8 M
• Dimensional Fund Advisors4.8 MIndex manager · 0.91% of the company+522 K

The 10 13F filers with the most shares as of Jun 30, 2026, whatever their type (index firms usually come first). “Change”: shares added or cut versus the previous quarter, split-adjusted; “no data” = there is no comparable portfolio for the previous quarter (no filing, or a filing with its holdings under confidential treatment). “% of the company” only where shares outstanding are up to date. Entities of the same group file separately and some 13F filings include other managers: there may be double counting. With a free account: the top 25, the largest buyers and the largest sellers.

Held by institutions (13F)

Institutions (13F): 63.3% of the shares · top 10: 52.9% · in index firms: 23.4% of the institutional total

Shares reported by the 189 13F filers as of Jun 30, 2026, divided by the shares outstanding on the cover of the company's latest report (May 7, 2026). It is not all institutional ownership: only managers above $100M file a 13F, and it excludes short positions. Entities of the same group file separately and some 13F filings include other managers: there may be double counting. We only publish it where the figure is credible: not for ADRs, companies with more than one share class or stale shares-outstanding data.

Shares outstanding: buybacks and dilution

From the statements the company filed with the SEC (10-K). The change compares average diluted shares of each fiscal year, on today's basis: negative = it bought back more than it issued; positive = dilution. “No data” = the company does not report that item under a tag we can read; it does not mean zero.

Earnings quality and debt

From the figures the company filed with the SEC. Cash flow over net income near or above 1 means earnings are collected in cash; far below, that part is accounting. Coverage says how many times operating income pays the latest fiscal year's interest. Maturities come from the debt note of the latest annual report, counted from its closing date. “No data” never means zero.

Above 5% over time (13D/13G)

Each holder with its filings in order. History since December 2024.

Flagged material events (8-K)

• Sep 29, 2026Seriousfiling ↗

  Notice of delisting or failure to meet a listing rule (Item 3.01)

  «Long Lake, the World’s First AI Holding Company, Completes $6.3 Billion Acquisition of American Express Global Business Travel»

• Sep 29, 2026Routinefiling ↗

  Change in directors or officers (Item 5.02)

  «Long Lake, the World’s First AI Holding Company, Completes $6.3 Billion Acquisition of American Express Global Business Travel»

• May 12, 2026Routinefiling ↗

  Change in directors or officers (Item 5.02)

Alert items the company itself flagged in its 8-K filings with the SEC, most serious first. It is the form's label, with no interpretation from us: Item 5.02 covers routine appointments as well as a chief executive's departure; open the filing. The quoted headline is the original press release's.