American Express Reveals $1.01B Global Business Travel Stake

TL;DR

**Amex holds over $1 billion in Global Business Travel Group, signaling a big bet on corporate travel recovery.**

AI Summary

American Express Co. filed its 13F-HR on February 2, 2024, revealing its equity holdings as of December 31, 2023. The filing shows significant positions, including 157,786,199 shares of Global Business Travel Group, Inc. valued at $1,017,720,984, and 7,766,613 shares of Better Home & Finance Holding Company valued at $6,341,440. This matters to investors because it provides transparency into American Express's investment strategy and its confidence in these specific companies, potentially signaling future business collaborations or strategic interests.

Why It Matters

This filing offers a glimpse into American Express's strategic investments, indicating where the company sees value and potential for future growth or partnerships. Investors can use this information to understand the company's broader financial strategy beyond its core credit card business.

Risk Assessment

Risk Level: low — This is a routine disclosure filing and does not inherently present new risks to American Express Co. itself, but rather provides transparency into its investment portfolio.

Analyst Insight

Investors should monitor American Express's future announcements regarding its relationship with Global Business Travel Group, Inc. and consider the implications for both companies, especially if they are invested in the travel or financial services sectors. This filing suggests a strategic interest that could lead to future synergies.

Key Numbers

• $1.01B — Value of Global Business Travel Group, Inc. holding (Represents American Express's largest reported equity investment as of December 31, 2023.)
• 157,786,199 SH — Shares of Global Business Travel Group, Inc. (Indicates a substantial ownership stake in the corporate travel company.)
• 7,766,613 SH — Shares of Better Home & Finance Holding Company (Shows American Express's investment in the home and finance sector.)
• 134,905 SH — Shares of Carver Bancorp, Inc. (Represents American Express's investment in a community bank.)
• 763,706 SH — Shares of Maplebear Inc. (Indicates American Express's investment in the technology sector.)

Key Players & Entities

• AMERICAN EXPRESS CO (company) — the filer of the 13F-HR
• Global Business Travel Group, Inc. (company) — a significant equity holding of American Express Co.
• Better Home & Finance Holding Company (company) — an equity holding of American Express Co.
• Carver Bancorp, Inc. (company) — an equity holding of American Express Co.
• Maplebear Inc. (company) — an equity holding of American Express Co.
• Kristina V. Fink (person) — Corporate Secretary who signed the filing
• $1,017,720,984 (dollar_amount) — value of American Express's holding in Global Business Travel Group, Inc.
• $6,341,440 (dollar_amount) — value of American Express's holding in Better Home & Finance Holding Company

Forward-Looking Statements

• American Express may deepen its strategic partnership or collaboration with Global Business Travel Group, Inc. given the substantial investment. (Global Business Travel Group, Inc.) — medium confidence, target: 2025-12-31
• The significant holding in Global Business Travel Group, Inc. suggests American Express anticipates a strong recovery or growth in corporate travel. (AMERICAN EXPRESS CO) — high confidence, target: 2024-12-31

FAQ

Filing Documents

• primary_doc.html (13F-HR)
• primary_doc.xml (13F-HR) — 2KB
• information_table.html (INFORMATION TABLE)
• information_table.xml (INFORMATION TABLE) — 2KB
• 0000004962-24-000012.txt ( ) — 5KB

From the Filing

SEC FORM 13F-HR The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete. The reader should not assume that the information is accurate and complete. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE OMB APPROVAL OMB Number: 3235-0006 Estimated average burden hours per response: 23.8 Report for the Calendar Year or Quarter Ended: 12-31-2023 Check here if Amendment    Amendment Number: This Amendment (Check only one.):    is a restatement.    adds new holdings entries. Institutional Investment Manager Filing this Report: Name: American Express Co Address: 200 Vesey Street New York , NY   10285 Form 13F File Number: 028-00698 CRD Number (if applicable): The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Kristina V. Fink Title: Corporate Secretary Phone: 212-640-2000 Signature, Place, and Date of Signing: /s/ Kristina V. Fink New York ,  NY 02-02-2024 [Signature] [City, State] [Date] Report Type (Check only one.): X 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.)    13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).)    13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) Form 13F Summary Page Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 4 Form 13F Information Table Value Total: 1,042,252,367 (round to nearest dollar) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. [If there are no entries in this list, state “NONE” and omit the column headings and list entries.] NONE

View Full Filing

View this 13F-HR filing on SEC EDGAR