What smart money is saying about American Express Company
3 funds in our archive have pitched American Express Company — most recently Giverny Capital Asset Management (GCAM) model portfolio in March 2026.
Operating globally, American Express Company and its affiliated entities deliver a comprehensive suite of charge and credit payment card solutions, alongside a variety of travel-related offerings. Its business structure is organized into three primary divisions: the Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services. Among its core offerings are diverse payment and financing instruments, robust network infrastructure services, tools for managing accounts payable expenses, and comprehensive travel and lifestyle support. Furthermore, it facilitates merchant services such as acquisition, transaction processing, settlement, and point-of-sale marketing, providing vital information and assistance to businesses. The company also specializes in fraud mitigation and developing and managing customer loyalty initiatives. These products and services are made available to a broad clientele, encompassing individual consumers, small and mid-sized enterprises, and large corporate entities. Distribution channels include digital platforms (mobile and online applications), collaborations with third-party vendors and partners, direct communication methods like mail and telephone, dedicated internal sales forces, and direct response advertising campaigns. Established in 1850, American Express Company maintains its corporate headquarters in New York, New York.
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Position history
Between Q4 2024 and Q2 2026, 3 fund letters reported a position in American Express Company — 1 opened or added to the position, 1 trimmed or exited.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q2 2026 | 1 | 0 | 0 | 0 |
| Q1 2026 | 2 | 1 | 1 | 2 |
| Q4 2024 | 0 | 0 | 0 | 1 |
Fund activity · 3 positions · 2 moves
- HoldsGreensKeeper Value FundJune 2026
“American Express Company Financial Services”
Read the letterAmerican Express Company - TrimmedBA Beutel Goodman U.S. Value FundMarch 2026
“We also trimmed our positions in Kimberly-Clark, Applied Materials, Omnicom, Merck, Ameriprise Financial, Gen Digital, American Express, Carlyle Group, Chubb.”
Read the letterAmerican Express Company - New positionGiverny Capital Asset Management (GCAM) model portfolioMarch 2026
“we used most of our Ametek proceeds to establish a new position in American Express in March, at a price of $294.”
Read the letterAmerican Express Company
Also mentioned · 6
These funds discuss American Express Company — as a competitor, benchmark or comparable — without disclosing a position in it.
- MentionedTroy Asset Management Global Equity StrategyJuly 2026
“Instead, Apple used the networks – Visa, Mastercard and American Express – as a distribution and settlement layer thereby accelerating card adoption.”
Read the letterAmerican Express Company - MentionedFundsmith Equity FundJune 2026
“This was used to good effect, for example, by Warren Buffett to buy Berkshire Hathaway’s stake in American Express during the salad oil scandal (look it up)”
Read the letterAmerican Express Company - MentionedLeaven Partners Value-Oriented StrategyJune 2026
“This was used to good effect, for example, by Warren Buffett to buy Berkshire Hathaway's stake in American Express during the salad oil scandal”
Read the letterAmerican Express Company - MentionedArtisan Partners Select Equity StrategyJune 2026
“The global property and casualty insurance needs of businesses such as Coca-Cola or American Express or Meta are not as simple as underwriting a state-mandated liability policy for a Toyota Camry.”
Read the letterAmerican Express Company - MentionedArtisan Partners Global Value FundJune 2026
“The global property and casualty insurance needs of businesses such as Coca-Cola or American Express or Meta are not as simple as underwriting a state-mandated liability policy for a Toyota Camry.”
Read the letterAmerican Express Company - MentionedArtisan Partners US Select Equity FundJune 2026
“The global property and casualty insurance needs of businesses such as Coca-Cola or American Express or Meta are not as simple as underwriting a state-mandated liability policy for a Toyota Camry.”
Read the letterAmerican Express Company
Fund coverage · 3 theses
- Giverny Capital Asset Management (GCAM) model portfolioMarch 2026
American Express has a premium brand, a virtuous rewards ecosystem, strong card spending growth, rapid premium cardholder additions, and attractive valuation after a 25% drop.
Read the full thesis - Giverny CapitalMarch 2026
American Express is a premium payments and card franchise with strong brand power, rising spend, and attractive earnings growth at a fair valuation.
Read the full thesis - Artemis Funds Leading Consumer Brands fundDecember 2024
American Express is positioned for growth due to its strong brand, rewarding partnerships, increasing card fees, and a robust ecosystem enhancing its network value.
Read the full thesis
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