As of November 6, 2026, 2 holders' latest Schedule 13D or 13G filings report owning 5% or more of Global Business Travel Group, Inc. The largest reported stake is Expedia Group, Inc.'s, at 14.3%. 9 filings are on record since October 2, 2025 (Schedule 13D/A, May 5, 2026).
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Key facts
- · Reporting person: American Express Company · Sole voting: 0 · Shared voting: 0 · Sole dispositive: 0 · Shared dispositive: 0 · SCHEDULE 13D/A, 2026-10-01
- · Holder: Qatar Investment Authority · Percent: 0% · Shares: 0 · SCHEDULE 13D/A
- · Holder: Qatar Investment Authority · Percent: 16.8% · SCHEDULE 13D/A
- · Holder: BlackRock Portfolio Management LLC · Percent: 7.5% · SCHEDULE 13D
- · Holder: Expedia Group, Inc. · Percent: 14.3% · SCHEDULE 13D/A
Global Business Travel Group, Inc. has 9 Schedule 13D or 13G filings on record since 2025-10-02. 2 holders' latest filing reports 5% or more of class a common stock, par value $0.0001 per share. Each figure below is the holder's own, as filed, with the filing linked.
Holders
| Holder | Percent | Shares | Latest | Event date |
|---|---|---|---|---|
| Expedia Group, Inc. | 14.3% | 74,849,607 | SCHEDULE 13D/A, 2026-05-05 | 2026-05-02 |
| BlackRock Portfolio Management LLC | 7.5% | 39,188,066 | SCHEDULE 13D, 2026-05-05 | 2026-05-02 |
| Apollo Principal Holdings A GP, Ltd. | 4.4% | 22,884,991 | SCHEDULE 13D/A, 2026-02-20 | 2025-12-31 |
| Qatar Investment Authority | 0% | 0 | SCHEDULE 13D/A, 2026-09-29 | 2026-09-29 |
| American Express Company | 0% | 0 | SCHEDULE 13D/A, 2026-10-01 | 2026-09-29 |
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More on Global Business Travel Group, Inc. and the records around it.
Global Business Travel Group, Inc. elsewhere on the record
- Acquisition Sep 2026
Companies that share a holder
- Apollo Principal Holdings A GP, Ltd. also filed stake reports on 2 other companies: Phoenix Education Partners, Inc. (Aug 2026), Hilton Grand Vacations Inc. (Jun 2026)
- Qatar Investment Authority also filed stake reports on 11 other companies: Aspen Neuroscience, Inc. (Nov 2026), Nanobiotix SA (Jul 2026), West Bay BDC LLC (Jul 2026)
- BlackRock Portfolio Management LLC also filed stake reports on 118 other companies: AMERISAFE INC (Nov 2026), BlackRock ETF Trust (Nov 2026), iShares J.P. Morgan EM Local Currency Bond ETF (Nov 2026)
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Voting and dispositive power, as filed
| Reporting person | Sole voting | Shared voting | Sole dispositive | Shared dispositive | Filing |
|---|---|---|---|---|---|
| Qatar Investment Authority | 0 | 0 | 0 | 0 | SCHEDULE 13D/A, 2026-09-29 |
| American Express Company | 0 | 0 | 0 | 0 | SCHEDULE 13D/A, 2026-10-01 |
The latest filing identifies Global Business Travel Group, Inc. by CUSIP 37890B100 and gives its principal executive office as 666 Third Avenue, 4th Floor, New York, NY 10017 (SCHEDULE 13D/A, 2026-10-01).
Purpose of Transaction (Item 4)
Qatar Investment Authority
Item 4 of the Schedule 13D is hereby supplemented and amended to add the following information: On September 29, 2026, the Issuer, Gaia Purchaser, Inc., a Delaware corporation ("Parent"), and Gaia Merger Sub, Inc., a Delaware corporation ("Merger Sub"), completed the previously announced transactions contemplated by that certain Agreement and Plan of Merger, dated as of May 2, 2026 (the "Merger Agreement"), by and among the Issuer, Parent and Merger Sub. Upon the consummation of the transactions contemplated by the Merger Agreement (and on the terms and subject to the conditions set forth therein), among other things, (a) Merger Sub merged with and into the Issuer (the "Merger"), with the Issuer surviving the Merger as the surviving corporation and as a wholly-owned subsidiary of Parent, (b) upon the terms and subject to the conditions set forth in the Merger Agreement, at the effective time of the Merger (the "Effective Time"), each share of Class A common stock, par value $0.0001 per share, of the Company ("Company Common Stock") issued and outstanding as of immediately prior to the Effective Time (other than shares excluded or treated as set forth in the Merger Agreement) was automatically cancelled, extinguished and converted into the right to receive cash in an amount equal to $9.50, without interest thereon and (c) the Rollover Shares (as defined in that certain Rollover Agreement, dated as of June 27, 2026 (the "Rollover Agreement"), by and between QIA Retail Holding …The first part of Item 4 of the SCHEDULE 13D/A filed 2026-09-29; the filing has the rest
American Express Company
Item 4 of the Schedule 13D is hereby amended by adding the following: On September 29, 2026, the transactions contemplated by the Merger Agreement were consummated (the "Closing"), and Merger Sub merged with and into the Issuer (the "Merger"), with the Issuer surviving the Merger as a wholly owned subsidiary of Parent. At the effective time of the Merger (the "Effective Time"), each share of Common Stock issued and outstanding immediately prior to the Effective Time, other than shares excluded pursuant to the Merger Agreement, was automatically cancelled, extinguished and converted into the right to receive cash in an amount equal to $9.50 per share. Accordingly, at the Effective Time, 157,786,199 shares of Common Stock held of record by Amex HoldCo. were automatically cancelled, extinguished and converted into the right to receive $9.50 per share. As a result of the Merger, the Reporting Person no longer beneficially owns any shares of Common Stock. At the Effective Time, the Voting and Support Agreement terminated in accordance with its terms, other than provisions that expressly survive termination. In accordance with the Voting and Support Agreement, effective upon the Closing, the Shareholders Agreement was terminated as among the Issuer, GBT JerseyCo Limited and Amex HoldCo., other than the provisions that expressly survive termination.Item 4 of the SCHEDULE 13D/A filed 2026-10-01
BlackRock Portfolio Management LLC
All of the Class A Common Stock of the Issuer reported on this Schedule 13D was acquired in the ordinary course of business for investment purposes by the Reporting Business Units. On May 2, 2026, the Issuer entered into an Agreement and Plan of Merger (the "Merger Agreement") with Gaia Purchaser, Inc., a Delaware corporation ("Parent"), and Gaia Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of Parent ("Merger Sub"), pursuant to which the Issuer is to be acquired by Long Lake Management Holdings Inc. Pursuant to the Merger Agreement, Merger Sub will be merged with and into the Company (the "Merger"), with the Company surviving as a wholly owned subsidiary of Parent. Upon the terms and subject to the conditions set forth in the Merger Agreement, at the effective time of the Merger, each outstanding share of Class A Common Stock (other than any shares held by the Issuer as treasury stock, owned by Parent or any of its subsidiaries (including Merger Sub), unvested pursuant to a side letter with the Issuer, pursuant to which appraisal rights have been properly exercised and perfected (and not withdrawn or lost) in accordance with Section 262 of the DGCL, and, if applicable, any shares held by any direct or indirect wholly owned subsidiary of Parent (other than Merger Sub) or of the Issuer that are converted in the manner set forth in the Merger Agreement) will be automatically cancelled, extinguished and converted into the right to receive cash in an …The first part of Item 4 of the SCHEDULE 13D filed 2026-05-05; the filing has the rest
Expedia Group, Inc.
EXPLANATORY NOTE: This Amendment No. 3 (the "Amendment") amends and supplements the Schedule 13D filed by the Reporting Person on June 6, 2022, as amended by Amendment No. 1 thereto filed on July 12, 2023 and Amendment No. 2 thereto filed on January 16, 2024, with respect to the Class A common stock (the "Schedule 13D"). Capitalized terms used in this Amendment and not defined herein shall have the same meanings ascribed to them in the Schedule 13D. Item 4 of the Schedule 13D is hereby amended by adding the following: Voting Agreement On May 2, 2026, the Issuer entered into an Agreement and Plan of Merger (the "Merger Agreement") with Gaia Purchaser, Inc., a Delaware corporation ("Parent"), and Gaia Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of Parent ("Merger Sub"), pursuant to which the Issuer is to be acquired by Long Lake Management Holdings Inc. Pursuant to the Merger Agreement, Merger Sub will be merged with and into the Issuer (the "Merger"), with the Issuer surviving as a wholly owned subsidiary of Parent. In connection with the Merger Agreement, Expedia HoldCo entered into a voting and support agreement with the Issuer, Parent and Merger Sub (the "Voting Agreement"), pursuant to which Expedia HoldCo agreed to, among other things, vote or execute consents with respect to all of its shares of Class A Common Stock in favor of the adoption of the Merger Agreement and approval of the Merger and against any Acquisition Proposal (as defined …The first part of Item 4 of the SCHEDULE 13D/A filed 2026-05-05; the filing has the rest
Timeline
| Filed | Holder | Percent | Filing |
|---|---|---|---|
| 2025-10-02 | Qatar Investment Authority | 16.6% | SCHEDULE 13D |
| 2026-02-20 | Apollo Principal Holdings A GP, Ltd. | 4.4% | SCHEDULE 13D/A |
| 2026-05-04 | American Express Company | 30.1% | SCHEDULE 13D/A |
| 2026-05-04 | Qatar Investment Authority | 16.7% | SCHEDULE 13D/A |
| 2026-05-05 | BlackRock Portfolio Management LLC | 7.5% | SCHEDULE 13D |
| 2026-05-05 | Expedia Group, Inc. | 14.3% | SCHEDULE 13D/A |
| 2026-06-29 | Qatar Investment Authority | 16.8% | SCHEDULE 13D/A |
| 2026-09-29 | Qatar Investment Authority | 0% | SCHEDULE 13D/A |
| 2026-10-01 | American Express Company | 0% | SCHEDULE 13D/A |
Questions about who owns Global Business Travel Group, Inc.
Who owns Global Business Travel Group, Inc.?
On this page, 2 holders' latest ownership filings report 5% or more of Global Business Travel Group, Inc.: Expedia Group, Inc. (14.3%, Schedule 13D/A, filed 2026-05-05) and BlackRock Portfolio Management LLC (7.5%, Schedule 13D, filed 2026-05-05).
Who are the largest shareholders of Global Business Travel Group, Inc.?
By the share each holder's latest filing reports, the largest holders of Global Business Travel Group, Inc. on this page are Expedia Group, Inc. (14.3%) and BlackRock Portfolio Management LLC (7.5%).
When did Expedia Group, Inc. buy into Global Business Travel Group, Inc.?
The filings give report dates, not purchase dates. The earliest filing from Expedia Group, Inc. on this page is the Schedule 13D/A, filed 2026-05-05, reporting 14.3%. That earliest filing is itself an amendment, which updates an earlier report.
Is this an audit or a full list?
Neither. The ownership list on this page covers only Schedule 13D and 13G filings, which holders make once they own 5% or more of a class of shares (an amendment can report a stake that has since fallen below 5%); 9 such filings are shown here. It is not an audit and not a full cap table: holders who never reached 5% are not listed, and a stake can change after its latest filing.
Also on the record for Global Business Travel Group, Inc.
| Date | Record | Figure | Our page | Source |
|---|---|---|---|---|
| September 29, 2026 | Acquired by Gaia Purchaser, Inc. | — | Acquisition | Source |
| September 29, 2026 | Leadership change filing (Form 8-K, Item 5.02) | — | Leadership changes | Source |
| May 12, 2026 | Leadership change filing (Form 8-K, Item 5.02) | — | Leadership changes | Source |
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Where this comes from
Anyone who comes to own more than 5% of a class of a listed company's voting shares has to tell the SEC. A holder who may seek to change or influence the company files Schedule 13D, and has to say in Item 4, "Purpose of Transaction", what it intends to do. A holder with no such intent, such as many index and passive funds, may file the shorter Schedule 13G. Both are amended when the stake changes, including when it falls below 5%.
Every row here is one of those filings, linked to the filing itself. Percentages and share counts are exactly as the holder filed them, for the holder the filing names; an amendment showing a lower figure is shown as filed. Item 4 text is quoted word for word. Where a 13D's Item 4 contains a sentence stating a definite intent to influence the company, that sentence is marked and quoted; the page does not describe the holder or its motives beyond the words it filed. Nothing here is investment advice.
