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-Q1 13F filings (latest filed 2026-05-18). 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
79 tracked funds added or opened AAL while 187 trimmed or exited it between 2025-Q4 and 2026-Q1 — 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 1.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 1.0pp 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 2025-Q4 and 2026-Q1, across 564 tracked filers holding AAL, 274 increased or opened the position and 264 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
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 2025-Q4 and 2026-Q1 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 39
- VANGUARD CAPITAL MANAGEMENT LLC$314M
- VANGUARD PORTFOLIO MANAGEMENT LLC$305M
- VANGUARD FIDUCIARY TRUST CO$44M
- Orbis Allan Gray Ltd$24M
- Jump Financial, LLC$23M
- JUPITER ASSET MANAGEMENT LTD$14M
Full exits 40
- VANGUARD GROUP INC$937M
- Appaloosa LP$217M
- TWO SIGMA ADVISERS, LP$185M
- VOLORIDGE INVESTMENT MANAGEMENT, LLC$75M
- Holocene Advisors, LP$61M
- BALYASNY ASSET MANAGEMENT L.P.$44M
Largest adds
- RENAISSANCE TECHNOLOGIES LLC$82M
- CITADEL ADVISORS LLC$44M
- HRT FINANCIAL LP$37M
- UBS Group AG$29M
- TUDOR INVESTMENT CORP ET AL$20M
- Connor, Clark & Lunn Investment Management Ltd.$19M
Largest trims
- MARSHALL WACE, LLP$332M
- BlackRock, Inc.$292M
- PRIMECAP MANAGEMENT CO/CA/$225M
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$158M
- D. E. Shaw & Co., Inc.$142M
- MILLENNIUM MANAGEMENT LLC$83M
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| PRIMECAP MANAGEMENT CO/CA/ added | 70,732,954 | $1.3B | 16.0% | 2026-Q2 |
| BlackRock, Inc. added | 63,350,228 | $1.1B | 14.3% | 2026-Q2 |
| TWO SIGMA INVESTMENTS, LP added | 27,240,983 | $492M | 6.2% | 2026-Q2 |
| STATE STREET CORP added | 19,568,820 | $354M | 4.4% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 29,271,883 | $314M | 3.9% | 2026-Q1 |
| VANGUARD PORTFOLIO MANAGEMENT LLC new | 28,353,042 | $305M | 3.8% | 2026-Q1 |
| UBS Group AG added | 20,825,755 | $224M | 2.8% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC trimmed | 12,684,826 | $136M | 1.7% | 2026-Q1 |
| Appaloosa LP trimmed | 7,500,000 | $136M | 1.7% | 2026-Q2 |
| D. E. Shaw & Co., Inc. trimmed | 6,299,815 | $114M | 1.4% | 2026-Q2 |
| RENAISSANCE TECHNOLOGIES LLC added | 9,687,232 | $104M | 1.3% | 2026-Q1 |
| JANE STREET GROUP, LLC trimmed | 9,008,259 | $97M | 1.2% | 2026-Q1 |
| CITADEL ADVISORS LLC trimmed | 5,213,502 | $94M | 1.2% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC added | 4,437,954 | $80M | 1.0% | 2026-Q2 |
| FMR LLC added | 4,250,201 | $77M | 1.0% | 2026-Q2 |
| DIMENSIONAL FUND ADVISORS LP added | 7,086,888 | $76M | 1.0% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 6,779,971 | $73M | 0.9% | 2026-Q1 |
| Slate Path Capital LP trimmed | 6,471,684 | $70M | 0.9% | 2026-Q1 |
| U S GLOBAL INVESTORS INC added | 6,435,049 | $69M | 0.9% | 2026-Q1 |
| Invesco Ltd. added | 3,550,146 | $64M | 0.8% | 2026-Q2 |
| MORGAN STANLEY added | 5,605,778 | $60M | 0.8% | 2026-Q1 |
| BALYASNY ASSET MANAGEMENT L.P. added | 3,329,378 | $60M | 0.8% | 2026-Q2 |
| BARCLAYS PLC added | 5,539,421 | $59M | 0.7% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 5,090,237 | $55M | 0.7% | 2026-Q1 |
| NORTHERN TRUST CORP trimmed | 4,901,157 | $53M | 0.7% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 4,544,006 | $49M | 0.6% | 2026-Q1 |
| Connor, Clark & Lunn Investment Management Ltd. added | 4,250,733 | $46M | 0.6% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 4,108,280 | $44M | 0.6% | 2026-Q1 |
| Bank of New York Mellon Corp trimmed | 3,933,780 | $42M | 0.5% | 2026-Q1 |
| BNP PARIBAS FINANCIAL MARKETS added | 3,890,750 | $42M | 0.5% | 2026-Q1 |
| FIRST TRUST ADVISORS LP added | 3,419,706 | $37M | 0.5% | 2026-Q1 |
| LSV ASSET MANAGEMENT added | 3,004,086 | $32M | 0.4% | 2026-Q1 |
| HENNESSY ADVISORS INC trimmed | 2,810,900 | $30M | 0.4% | 2026-Q1 |
| FEDERATED HERMES, INC. trimmed | 2,648,597 | $28M | 0.4% | 2026-Q1 |
| BW Gestao de Investimentos Ltda. added | 2,468,000 | $27M | 0.3% | 2026-Q1 |
| Orbis Allan Gray Ltd new | 2,195,566 | $24M | 0.3% | 2026-Q1 |
| Jump Financial, LLC added | 2,167,307 | $23M | 0.3% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 2,165,162 | $23M | 0.3% | 2026-Q1 |
| Nuveen, LLC added | 2,035,486 | $22M | 0.3% | 2026-Q1 |
| CITIGROUP INC added | 1,944,901 | $21M | 0.3% | 2026-Q1 |
| TUDOR INVESTMENT CORP ET AL added | 1,915,576 | $21M | 0.3% | 2026-Q1 |
| MARSHALL WACE, LLP trimmed | 1,133,478 | $20M | 0.3% | 2026-Q2 |
| RHUMBLINE ADVISERS added | 1,691,748 | $18M | 0.2% | 2026-Q1 |
| SEI INVESTMENTS CO trimmed | 1,586,819 | $17M | 0.2% | 2026-Q1 |
| PRINCIPAL FINANCIAL GROUP INC added | 1,473,358 | $16M | 0.2% | 2026-Q1 |
| SG Americas Securities, LLC trimmed | 1,411,918 | $15M | 0.2% | 2026-Q1 |
| OCCUDO QUANTITATIVE STRATEGIES LP added | 1,241,933 | $15M | 0.2% | 2026-Q1 |
| JUPITER ASSET MANAGEMENT LTD added | 1,307,613 | $14M | 0.2% | 2026-Q1 |
| Point72 Asset Management, L.P. trimmed | 1,275,500 | $14M | 0.2% | 2026-Q1 |
| ALLIANCEBERNSTEIN L.P. trimmed | 892,906 | $14M | 0.2% | 2026-Q1 |
| California Public Employees Retirement System added | 1,257,749 | $14M | 0.2% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 1,322,423 | $13M | 0.2% | 2026-Q1 |
| PAR CAPITAL MANAGEMENT INC | 1,250,000 | $13M | 0.2% | 2026-Q1 |
| GROUP ONE TRADING LLC added | 1,186,301 | $13M | 0.2% | 2026-Q1 |
| Rockefeller Capital Management L.P. added | 1,093,511 | $12M | 0.1% | 2026-Q1 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 648,183 | $12M | 0.1% | 2026-Q2 |
| Qube Research & Technologies Ltd trimmed | 1,079,460 | $12M | 0.1% | 2026-Q1 |
| Parallax Volatility Advisers, L.P. added | 976,406 | $11M | 0.1% | 2026-Q1 |
| Retirement Systems of Alabama added | 1,057,495 | $11M | 0.1% | 2026-Q1 |
| CREDIT AGRICOLE S A added | 1,046,212 | $11M | 0.1% | 2026-Q1 |
| CIBC WORLD MARKET INC. added | 1,015,170 | $11M | 0.1% | 2026-Q1 |
| PEAK6 LLC added | 983,400 | $11M | 0.1% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 962,534 | $10M | 0.1% | 2026-Q1 |
| Quadrature Capital Ltd trimmed | 946,791 | $10M | 0.1% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 937,936 | $10M | 0.1% | 2026-Q1 |
| Cerity Partners LLC added | 937,918 | $10M | 0.1% | 2026-Q1 |
| LPL Financial LLC added | 915,218 | $10M | 0.1% | 2026-Q1 |
| Hosking Partners LLP trimmed | 908,643 | $10M | 0.1% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC trimmed | 851,880 | $9M | 0.1% | 2026-Q1 |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND new | 808,000 | $9M | 0.1% | 2026-Q1 |
| NORGES BANK trimmed | 473,173 | $9M | 0.1% | 2026-Q2 |
| Bridgewater Associates, LP added | 460,717 | $8M | 0.1% | 2026-Q2 |
| NOMURA HOLDINGS INC added | 689,352 | $7M | 0.1% | 2026-Q1 |
| XTX Topco Ltd added | 661,877 | $7M | 0.1% | 2026-Q1 |
| Leonteq Securities AG added | 652,275 | $7M | 0.1% | 2026-Q1 |
| Mountain Hill Investment Partners Corp. added | 645,400 | $7M | 0.1% | 2026-Q1 |
| Russell Investments Group, Ltd. added | 639,522 | $7M | 0.1% | 2026-Q1 |
| Entropy Technologies, LP trimmed | 598,031 | $6M | 0.1% | 2026-Q1 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added | 590,505 | $6M | 0.1% | 2026-Q1 |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM trimmed | 587,025 | $6M | 0.1% | 2026-Q1 |
| Verition Fund Management LLC added | 346,100 | $6M | 0.1% | 2026-Q2 |
| VANGUARD GROUP INC trimmed | 61,125,737 | $937M | 11.7% | 2025-Q4 stale |
| TWO SIGMA ADVISERS, LP trimmed | 12,066,900 | $185M | 2.3% | 2025-Q4 stale |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC added | 4,869,928 | $75M | 0.9% | 2025-Q4 stale |
| Holocene Advisors, LP new | 4,007,936 | $61M | 0.8% | 2025-Q4 stale |
| Nearwater Capital Markets, Ltd new | 2,750,000 | $29M | 0.4% | 2025-Q1 stale |
| Freestone Grove Partners LP added | 1,706,381 | $18M | 0.2% | 2025-Q1 stale |
| Encompass Capital Advisors LLC new | 1,499,265 | $17M | 0.2% | 2025-Q3 stale |
| SONA ASSET MANAGEMENT (US) LLC new | 1,500,000 | $16M | 0.2% | 2025-Q1 stale |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP trimmed | 756,879 | $12M | 0.1% | 2025-Q4 stale |
| Trexquant Investment LP added | 712,742 | $11M | 0.1% | 2025-Q4 stale |
| Aquatic Capital Management LLC added | 969,899 | $11M | 0.1% | 2025-Q3 stale |
| Duquesne Family Office LLC added | 639,785 | $10M | 0.1% | 2025-Q4 stale |
| Y-Intercept (Hong Kong) Ltd added | 638,404 | $10M | 0.1% | 2025-Q4 stale |
| Polar Asset Management Partners Inc. added | 887,038 | $9M | 0.1% | 2025-Q1 stale |
| GREAT LAKES ADVISORS, LLC trimmed | 516,976 | $8M | 0.1% | 2025-Q4 stale |
| Squarepoint Ops LLC trimmed | 697,600 | $8M | 0.1% | 2025-Q2 stale |
| Corebridge Financial, Inc. trimmed | 726,808 | $8M | 0.1% | 2025-Q1 stale |
| Weiss Asset Management LP new | 472,806 | $7M | 0.1% | 2025-Q4 stale |
| SummitTX Capital, L.P. added | 465,343 | $7M | 0.1% | 2025-Q4 stale |
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.