Who owns American Airlines Group (AAL)
Which tracked institutional funds hold AAL, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See AAL company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-09-22). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
193 tracked funds added or opened AAL while 81 trimmed or exited it between 2026-Q1 and 2026-Q2 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
AAL’s largest tracked holder by dollar value, PRIMECAP MANAGEMENT CO/CA/, sizes it at 0.8% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.7pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in AAL divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2026-Q1 and 2026-Q2, across 540 tracked filers holding AAL, 266 increased or opened the position and 292 reduced or closed it; over the same quarter, open-market insider Form 4s were net sales.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in AAL between the 2026-Q1 and 2026-Q2 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 36
- JACOBS LEVY EQUITY MANAGEMENT, INC$175M
- Appaloosa LP$136M
- Sound Shore Management Inc /CT/$108M
- VOLORIDGE INVESTMENT MANAGEMENT, LLC$78M
- Cable Car Capital, LP$74M
- BALYASNY ASSET MANAGEMENT L.P.$60M
Full exits 49
- RENAISSANCE TECHNOLOGIES LLC$104M
- HRT FINANCIAL LP$40M
- LSV ASSET MANAGEMENT$32M
- TUDOR INVESTMENT CORP ET AL$21M
- SG Americas Securities, LLC$15M
- JUPITER ASSET MANAGEMENT LTD$14M
Largest adds
- PRIMECAP MANAGEMENT CO/CA/$752M
- BlackRock, Inc.$565M
- TWO SIGMA INVESTMENTS, LP$340M
- Orbis Allan Gray Ltd$268M
- VANGUARD PORTFOLIO MANAGEMENT LLC$236M
- VANGUARD CAPITAL MANAGEMENT LLC$217M
Largest trims
- UBS Group AG$69M
- MARSHALL WACE, LLP$46M
- BNP PARIBAS FINANCIAL MARKETS$39M
- BW Gestao de Investimentos Ltda.$23M
- OCCUDO QUANTITATIVE STRATEGIES LP$11M
- NORGES BANK$10M
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| PRIMECAP MANAGEMENT CO/CA/ added | 70,732,954 | $1.3B | 14.5% | 2026-Q2 |
| BlackRock, Inc. added | 63,350,228 | $1.1B | 13.0% | 2026-Q2 |
| VANGUARD PORTFOLIO MANAGEMENT LLC added | 29,895,581 | $540M | 6.1% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC added | 29,421,025 | $532M | 6.0% | 2026-Q2 |
| TWO SIGMA INVESTMENTS, LP added | 27,240,983 | $492M | 5.6% | 2026-Q2 |
| STATE STREET CORP added | 19,568,820 | $354M | 4.0% | 2026-Q2 |
| Orbis Allan Gray Ltd added | 16,139,385 | $292M | 3.3% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC added | 13,692,580 | $247M | 2.8% | 2026-Q2 |
| JANE STREET GROUP, LLC added | 12,597,378 | $228M | 2.6% | 2026-Q2 |
| JACOBS LEVY EQUITY MANAGEMENT, INC new | 9,696,162 | $175M | 2.0% | 2026-Q2 |
| UBS Group AG trimmed | 8,576,773 | $155M | 1.8% | 2026-Q2 |
| Slate Path Capital LP added | 8,276,584 | $150M | 1.7% | 2026-Q2 |
| Appaloosa LP trimmed | 7,500,000 | $136M | 1.5% | 2026-Q2 |
| DIMENSIONAL FUND ADVISORS LP added | 7,498,763 | $136M | 1.5% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 7,015,961 | $127M | 1.4% | 2026-Q2 |
| Connor, Clark & Lunn Investment Management Ltd. added | 6,620,243 | $120M | 1.4% | 2026-Q2 |
| MORGAN STANLEY added | 6,580,378 | $119M | 1.3% | 2026-Q2 |
| D. E. Shaw & Co., Inc. trimmed | 6,299,815 | $114M | 1.3% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 6,167,589 | $111M | 1.3% | 2026-Q2 |
| U S GLOBAL INVESTORS INC trimmed | 6,001,172 | $108M | 1.2% | 2026-Q2 |
| Sound Shore Management Inc /CT/ new | 5,952,846 | $108M | 1.2% | 2026-Q2 |
| CITADEL ADVISORS LLC trimmed | 5,213,502 | $94M | 1.1% | 2026-Q2 |
| NORTHERN TRUST CORP added | 5,131,311 | $93M | 1.1% | 2026-Q2 |
| BARCLAYS PLC trimmed | 4,721,212 | $85M | 1.0% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC added | 4,437,954 | $80M | 0.9% | 2026-Q2 |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC trimmed | 4,307,624 | $78M | 0.9% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO added | 4,264,897 | $77M | 0.9% | 2026-Q2 |
| FMR LLC added | 4,250,201 | $77M | 0.9% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 3,920,286 | $71M | 0.8% | 2026-Q2 |
| Bank of New York Mellon Corp trimmed | 3,770,434 | $68M | 0.8% | 2026-Q2 |
| Invesco Ltd. added | 3,550,146 | $64M | 0.7% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 3,383,023 | $61M | 0.7% | 2026-Q2 |
| BALYASNY ASSET MANAGEMENT L.P. added | 3,329,378 | $60M | 0.7% | 2026-Q2 |
| Walleye Capital LLC added | 3,276,588 | $59M | 0.7% | 2026-Q2 |
| FIRST TRUST ADVISORS LP trimmed | 3,083,038 | $56M | 0.6% | 2026-Q2 |
| Russell Investments Group, Ltd. added | 2,937,130 | $53M | 0.6% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 2,870,765 | $52M | 0.6% | 2026-Q2 |
| HENNESSY ADVISORS INC | 2,810,900 | $51M | 0.6% | 2026-Q2 |
| FEDERATED HERMES, INC. added | 2,805,873 | $51M | 0.6% | 2026-Q2 |
| Nuveen, LLC added | 2,704,410 | $49M | 0.6% | 2026-Q2 |
| SEI INVESTMENTS CO added | 2,474,222 | $45M | 0.5% | 2026-Q2 |
| Quadrature Capital Ltd added | 2,436,856 | $44M | 0.5% | 2026-Q2 |
| Columbus Hill Capital Management, L.P. added | 2,256,000 | $41M | 0.5% | 2026-Q2 |
| CITIGROUP INC added | 2,140,719 | $39M | 0.4% | 2026-Q2 |
| Cable Car Capital, LP new | 2,034,300 | $37M | 0.4% | 2026-Q2 |
| RHUMBLINE ADVISERS added | 1,833,622 | $33M | 0.4% | 2026-Q2 |
| PRINCIPAL FINANCIAL GROUP INC added | 1,494,493 | $27M | 0.3% | 2026-Q2 |
| NATIXIS added | 1,478,909 | $27M | 0.3% | 2026-Q2 |
| Longaeva Partners L.P. added | 1,371,139 | $25M | 0.3% | 2026-Q2 |
| CAPITAL FUND MANAGEMENT S.A. added | 1,278,756 | $23M | 0.3% | 2026-Q2 |
| California Public Employees Retirement System trimmed | 1,211,978 | $22M | 0.2% | 2026-Q2 |
| Assenagon Asset Management S.A. added | 1,191,912 | $22M | 0.2% | 2026-Q2 |
| MARSHALL WACE, LLP trimmed | 1,133,478 | $20M | 0.2% | 2026-Q2 |
| Aquatic Capital Management LLC added | 1,127,356 | $20M | 0.2% | 2026-Q2 |
| NATIONAL BANK OF CANADA /FI/ added | 1,001,345 | $18M | 0.2% | 2026-Q2 |
| Hosking Partners LLP added | 1,000,274 | $18M | 0.2% | 2026-Q2 |
| PAR CAPITAL MANAGEMENT INC trimmed | 1,000,000 | $18M | 0.2% | 2026-Q2 |
| Cerity Partners LLC added | 953,262 | $17M | 0.2% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 938,902 | $17M | 0.2% | 2026-Q2 |
| ING GROEP NV added | 933,400 | $17M | 0.2% | 2026-Q2 |
| Retirement Systems of Alabama trimmed | 932,060 | $17M | 0.2% | 2026-Q2 |
| GROUP ONE TRADING LLC trimmed | 894,605 | $16M | 0.2% | 2026-Q2 |
| ALLIANCEBERNSTEIN L.P. trimmed | 830,683 | $9M | 0.1% | 2026-Q2 |
| BANK OF NOVA SCOTIA added | 779,907 | $14M | 0.2% | 2026-Q2 |
| Jump Financial, LLC trimmed | 774,082 | $14M | 0.2% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC trimmed | 703,749 | $13M | 0.1% | 2026-Q2 |
| Rockefeller Capital Management L.P. trimmed | 672,632 | $12M | 0.1% | 2026-Q2 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 648,183 | $12M | 0.1% | 2026-Q2 |
| Quantinno Capital Management LP added | 605,910 | $11M | 0.1% | 2026-Q2 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed | 586,696 | $11M | 0.1% | 2026-Q2 |
| Hodges Capital Management Inc. added | 583,929 | $11M | 0.1% | 2026-Q2 |
| Man Group plc added | 573,151 | $10M | 0.1% | 2026-Q2 |
| Leonteq Securities AG trimmed | 558,421 | $10M | 0.1% | 2026-Q2 |
| GATEWAY INVESTMENT ADVISERS LLC added | 548,774 | $10M | 0.1% | 2026-Q2 |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM trimmed | 537,851 | $10M | 0.1% | 2026-Q2 |
| Legal & General Group Plc added | 526,645 | $10M | 0.1% | 2026-Q2 |
| KWMG, LLC added | 502,506 | $9M | 0.1% | 2026-Q2 |
| NORGES BANK trimmed | 473,173 | $9M | 0.1% | 2026-Q2 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE added | 464,458 | $8M | 0.1% | 2026-Q2 |
| Bridgewater Associates, LP added | 460,717 | $8M | 0.1% | 2026-Q2 |
| CANADA PENSION PLAN INVESTMENT BOARD trimmed | 456,000 | $8M | 0.1% | 2026-Q2 |
| Marex Group Ltd trimmed | 449,352 | $8M | 0.1% | 2026-Q2 |
| Tower Research Capital LLC (TRC) added | 404,411 | $7M | 0.1% | 2026-Q2 |
| Y-Intercept (Hong Kong) Ltd trimmed | 394,744 | $7M | 0.1% | 2026-Q2 |
| SIGNATUREFD, LLC added | 392,929 | $7M | 0.1% | 2026-Q2 |
| Trexquant Investment LP trimmed | 373,312 | $7M | 0.1% | 2026-Q2 |
| HSBC HOLDINGS PLC trimmed | 372,409 | $7M | 0.1% | 2026-Q2 |
| Oak Thistle LLC added | 365,889 | $7M | 0.1% | 2026-Q2 |
| Engineers Gate Manager LP added | 362,718 | $7M | 0.1% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 356,556 | $6M | 0.1% | 2026-Q2 |
| BANCO BILBAO VIZCAYA ARGENTARIA, S.A. added | 356,497 | $6M | 0.1% | 2026-Q2 |
| Verition Fund Management LLC added | 346,100 | $6M | 0.1% | 2026-Q2 |
| LPL Financial LLC trimmed | 344,780 | $6M | 0.1% | 2026-Q2 |
| MetLife Investment Management, LLC added | 343,919 | $6M | 0.1% | 2026-Q2 |
| Swiss National Bank added | 331,300 | $6M | 0.1% | 2026-Q2 |
| Clear Street Group Inc. trimmed | 331,284 | $6M | 0.1% | 2026-Q2 |
| Creative Planning added | 317,030 | $6M | 0.1% | 2026-Q2 |
| Police & Firemen's Retirement System of New Jersey added | 292,550 | $5M | 0.1% | 2026-Q2 |
| State of Tennessee, Department of Treasury trimmed | 284,755 | $5M | 0.1% | 2026-Q2 |
| Parallax Volatility Advisers, L.P. trimmed | 283,576 | $5M | 0.1% | 2026-Q2 |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.