$21.3 Million Bet on American Express by Long Corridor Asset Management Ltd

Long Corridor Asset Management Ltd purchased $21.31 million in shares of American Express Company (NYSE:AXP) during the second quarter, according to its latest 13F filing with the SEC.

The firm bought 63,000 shares valued at approximately $21.310,000, which represents about 6.4% of Long Corridor Asset Management Ltd's investment portfolio, making American Express its fourth-largest position.

This is not an isolated instance; several other institutional investors have also made significant changes to their positions in the stock.