13F-HR: Amex Discloses Q3 2025 Equity Holdings

American Express Co. has filed its Form 13F-HR, revealing its equity holdings totaling over $1.27 billion as of September 30, 2025.

Summary

• American Express Co. reported its institutional investment holdings for the calendar quarter ended September 30, 2025.
• The total fair market value of the reported holdings is $1,275,236,260.
• The filing lists two equity positions held by American Express Co.
• Holdings include 134,905 shares of Carver Bancorp Inc. (COM NEW) with a value of $323,772.
• Holdings also include 157,786,199 shares of Global Business Travel Group, Inc. (COM CL A) with a value of $1,274,912,488.
• American Express Co. exercises sole investment discretion and sole voting authority over all reported securities.

Sentiment

Score: 5

Explanation: The filing is a factual disclosure of institutional holdings, providing neutral information without explicit positive or negative performance indicators or forward-looking statements.

Future Outlook

The Form 13F-HR is a historical disclosure of equity holdings and does not contain forward-looking statements or guidance regarding future investment strategies or market expectations.

Management Comments

• James J. Killerlane III, Corporate Secretary, signed the report on behalf of American Express Co., representing that the information contained therein is true, correct, and complete, and that he is authorized to submit it.

Industry Context

This filing provides a snapshot of American Express Co.'s equity investment portfolio at the end of Q3 2025, offering insights into its strategic asset allocation within the financial services sector. It reflects specific investment decisions rather than broad industry trends or competitive positioning.

Comparison to Industry Standards

• As a disclosure of specific equity holdings, this filing does not present results that can be directly compared to global benchmarks or specific comparable companies' performance. It details the composition of American Express Co.'s institutional investment portfolio, which is unique to its investment strategy.

Stakeholder Impact

• Shareholders of American Express Co. gain transparency into a portion of the company's investment strategy and portfolio composition.
• Investors in Carver Bancorp Inc. and Global Business Travel Group, Inc. may note American Express Co. as a significant institutional holder, which could influence market perception of these companies.

Key Dates

Keywords

American Express, Amex, 13F, Holdings Report, Institutional Investor, Equity Holdings, Carver Bancorp, Global Business Travel Group, Investment Portfolio, SEC Filing