REDWOOD CAPITAL MANAGEMENT, LLC: GLOBAL BUSINESS TRAVEL GROUP (GBTG): Quarterly 13F Position History
As of Q2 2026, REDWOOD CAPITAL MANAGEMENT, LLC reported 10,998,642 shares of GLOBAL BUSINESS TRAVEL GROUP (GBTG), worth $103.3M and representing 11.1% of its 13F equity book. Quarter-over-quarter share count change: 10,955,174 (-49.9%) . The position first appeared in Q3 2025 and has been disclosed across 4 13F-HR filings in Pactolio's tracked window.
- 10,998,642Shares Held (Latest Filing)
- $103.3MReported Market Value (Latest Filing)
- 11.1%Portfolio Weight (% of 13F Equity Book)
- 10,955,174Quarter-over-Quarter Share Change
- -$19.2MQuarter-over-Quarter Value Change
- 21,953,816Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 4 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q2 2026 | 10,998,642 | 10,955,174 | -49.9% | $103.3M | 11.1% | $9.4 |
| Q1 2026 | 21,953,816 | +500,000 | +2.3% | $122.5M | 18.2% | $5.6 |
| Q4 2025 | 21,453,816 | +1 | +0.0% | $164.1M | 17.6% | $7.7 |
| Q3 2025 | 21,453,815 | – | – | $173.3M | 16.8% | $8.1 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares, a quarter-end mark rather than the manager's cost basis. See the full methodology document for the normalization rules.
When did REDWOOD CAPITAL MANAGEMENT, LLC first disclose a GBTG position in 13F-HR filings?
REDWOOD CAPITAL MANAGEMENT, LLC first reported GLOBAL BUSINESS TRAVEL GROUP (GBTG) on its 13F-HR filing for the period ending 2025-09-30 (Q3 2025). The position has appeared on 4 reported quarters within Pactolio's tracked window.
What was REDWOOD CAPITAL MANAGEMENT, LLC's most recent quarter-over-quarter share-count change in GBTG?
Between Q1 2026 and Q2 2026, REDWOOD CAPITAL MANAGEMENT, LLC reduced its GBTG position by 10,955,174 shares (-49.9%), leaving 10,998,642 shares at a market value of $103.3M.
Does the implied price-per-share represent REDWOOD CAPITAL MANAGEMENT, LLC's cost basis in GBTG?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.