GBTG
Global Business Travel Group, Inc. · Consumer Cyclical · Travel Services
Momentum inputs (comparable managers):
holder breadth -9.1% ·
share flow -6.5% ·
net new positions -10.0%
— formula
Broad distribution — falling shares and fewer holders
All ownership figures: tracked 13F managers only, common-stock positions, reporting period Q2 2025
| Quarter | Holders | Δ | Shares | Reported value | New | Exits |
|---|---|---|---|---|---|---|
| Q2 2026 | 76 | +8 | 95.83M | $890.21M | +13 | −5 |
| Q1 2026 | 71 | -3 | 76.18M | $425.39M | +5 | −8 |
| Q4 2025 | 74 | +2 | 46.19M | $353.33M | +2 | — |
| Q3 2025 | 14 | +1 | 28.45M | $229.88M | +1 | — |
| Q2 2025 | 10 | -1 | 25.33M | $159.56M | — | −1 |
| Q1 2025 | 8 | +1 | 7.45M | $54.08M | +1 | — |
| Q4 2024 | 7 | -1 | 7.07M | $65.58M | — | −1 |
| Q3 2024 | 7 | +2 | 3.73M | $28.71M | +2 | — |
| Q2 2024 | 5 | — | 2.40M | $15.82M | — | — |
| # | Manager | Shares | Δ shares | Value | Their weight | Held | ||
|---|---|---|---|---|---|---|---|---|
| 1 | The Vanguard Group ✦ (passive) | 11.00M | — | $69.28M | 0.0% | n/c | 1 | SEC ↗ |
| 2 | The Vanguard Group ✦ (passive) | 11.00M | — | $69.28M | 0.0% | n/c | 1 | SEC ↗ |
| 3 | The Vanguard Group ✦ (passive) | 11.00M | — | $69.28M | 0.0% | n/c | 1 | SEC ↗ |
| 4 | The Vanguard Group ✦ (passive) | 11.00M | — | $69.28M | 0.0% | n/c | 1 | SEC ↗ |
| 5 | The Vanguard Group ✦ (passive) | 11.00M | — | $69.28M | 0.0% | n/c | 1 | SEC ↗ |
| 6 | BlackRock ✦ (passive) | 7.53M | — | $47.46M | 0.0% | n/c | 1 | SEC ↗ |
| 7 | BlackRock ✦ (passive) | 7.53M | — | $47.46M | 0.0% | n/c | 1 | SEC ↗ |
| 8 | BlackRock ✦ (passive) | 7.53M | — | $47.46M | 0.0% | n/c | 1 | SEC ↗ |
| 9 | BlackRock ✦ (passive) | 7.53M | — | $47.46M | 0.0% | n/c | 1 | SEC ↗ |
| 10 | BlackRock ✦ (passive) | 7.53M | — | $47.46M | 0.0% | n/c | 1 | SEC ↗ |
| 11 | BlackRock ✦ (passive) | 7.53M | — | $47.46M | 0.0% | n/c | 1 | SEC ↗ |
| 12 | BlackRock ✦ (passive) | 7.53M | — | $47.46M | 0.0% | n/c | 1 | SEC ↗ |
| 13 | BlackRock ✦ (passive) | 7.53M | — | $47.46M | 0.0% | n/c | 1 | SEC ↗ |
| 14 | BlackRock ✦ (passive) | 7.53M | — | $47.46M | 0.0% | n/c | 1 | SEC ↗ |
| 15 | State Street Global Advisors ✦ (passive) | 2.25M | -9.5% | $14.15M | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 16 | Geode Capital Management ✦ (passive) | 2.09M | -11.4% | $13.20M | 0.0% | ▼ Trim | 5 | SEC ↗ |
| 17 | Geode Capital Management ✦ (passive) | 2.09M | -11.4% | $13.20M | 0.0% | ▼ Trim | 5 | SEC ↗ |
| 18 | Fidelity (FMR) ✦ | 1.10M | — | $6.91M | 0.0% | n/c | 1 | SEC ↗ |
| 19 | Fidelity (FMR) ✦ | 1.10M | — | $6.91M | 0.0% | n/c | 1 | SEC ↗ |
| 20 | Fidelity (FMR) ✦ | 1.10M | — | $6.91M | 0.0% | n/c | 1 | SEC ↗ |
| 21 | Renaissance Technologies ✦ | 665.22K | +29.5% | $4.19M | 0.0% | ▲ Add | 5 | SEC ↗ |
| 22 | Citadel Advisors ✦ | 329.66K | +24.0% | $2.08M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 23 | Millennium Management ✦ | 236.36K | -82.8% | $1.49M | 0.0% | ▼ Trim | 5 | SEC ↗ |
| 24 | AQR Capital Management ✦ | 80.62K | +25.9% | $507,894 | 0.0% | ▲ Add | 4 | SEC ↗ |
| 25 | AQR Capital Management ✦ | 80.62K | +25.9% | $507,894 | 0.0% | ▲ Add | 4 | SEC ↗ |
| 26 | AQR Capital Management ✦ | 80.62K | +25.9% | $507,894 | 0.0% | ▲ Add | 4 | SEC ↗ |
| 27 | AQR Capital Management ✦ | 80.62K | +25.9% | $507,894 | 0.0% | ▲ Add | 4 | SEC ↗ |
| 28 | T. Rowe Price ✦ | 47.01K | -14.8% | $297,000 | 0.0% | ▼ Trim | 5 | SEC ↗ |
“Their weight” = the position's share of that manager's reported 13F equity value — the conviction measure. ✦ = curated manager.
New buyers
| No new tracked buyers this quarter. |
Exited
| Arrowstreet Capital | $2.42M | was 0.0% |
Full-market context: across ALL 13F filers (SEC structured data, Q1 2026): 166 holders, 331.85M shares, $1.85B reported. This is a different, older period than the tracked-universe figures above and the two are never mixed.
What else this security's tracked holders most often hold — shared-ownership counts, not fundamental relationships.
Open-market purchases (P)
No open-market insider purchases in our coverage window.
Open-market sales (S)
Officer · 64.78K sh · $612,819
Officer · 10.00K sh · $94,600
Awards, exercises and tax withholding are never counted as buys or sales here. Methodology
16.8% of class · View original SEC filing ↗