AEROVIRONMENT INC AVAV
COM · Common Stock · CUSIP 008073108 · ISIN US0080731088
Company that designs and manufactures UAVs for U.S. Department of Defense and allied military services
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($77.0m this quarter). Holder counts are more reliable. Shares outstanding: 49.9m as of 2025-09-03, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $314.78. Options: 25 managers hold calls ($439.1m notional), 22 hold puts ($511.0m).
Trends to Q3 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 273 |
| Q4 2022 | 251 |
| Q1 2023 | 266 |
| Q2 2023 | 272 |
| Q3 2023 | 302 |
| Q4 2023 | 322 |
| Q1 2024 | 369 |
| Q2 2024 | 408 |
| Q3 2024 | 421 |
| Q4 2024 | 411 |
| Q1 2025 | 383 |
| Q2 2025 | 493 |
| Q3 2025 | 583 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2023 | 153 | 141 |
| Q1 2024 | 190 | 135 |
| Q2 2024 | 213 | 164 |
| Q3 2024 | 205 | 178 |
| Q4 2024 | 210 | 194 |
| Q1 2025 | 188 | 196 |
| Q2 2025 | 296 | 172 |
| Q3 2025 | 367 | 187 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2024 | $76.3m | $85.1m | 1.12 |
| Q1 2025 | $42.9m | $42.3m | 0.98 |
| Q2 2025 | $239.0m | $268.5m | 1.12 |
| Q3 2025 | $439.1m | $511.0m | 1.16 |
Biggest buyers
| GROUPAMA ASSET MANAGMENT | New | +1.0m |
| Invesco Ltd. | Added | +669.4k |
| Heard Capital LLC | Added | +419.9k |
| BlackRock, Inc. | Added | +400.7k |
| JPMORGAN CHASE & CO | Added | +389.4k |
| CIBC Private Wealth Group LLC | Added | +314.4k |
| 1832 Asset Management L.P. | New | +264.6k |
| FRANKLIN RESOURCES INC | Added | +201.4k |
| Ghisallo Capital Management LLC | New | +200.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +190.6k |
Biggest sellers
| T. Rowe Price Investment Management, Inc. | Reduced | -243.5k |
| DIMENSIONAL FUND ADVISORS LP | Reduced | -219.7k |
| Alyeska Investment Group, L.P. | Reduced | -183.1k |
| BAILLIE GIFFORD & CO | Reduced | -155.0k |
| UBS Group AG | Reduced | -139.6k |
| Stephens Investment Management Group LLC | Reduced | -116.9k |
| PRINCIPAL FINANCIAL GROUP INC | Reduced | -110.7k |
| Public Sector Pension Investment Board | Sold out | -96.1k |
| ROYAL BANK OF CANADA | Reduced | -83.9k |
| Mitsubishi UFJ Trust & Banking Corp | Reduced | -67.7k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $124.0m393.8k shares |
| CITADEL ADVISORS LLC | Added | $86.7m275.4k shares |
| IMC-Chicago, LLC | Added | $55.3m175.5k shares |
| JANE STREET GROUP, LLC | Added | $38.2m121.3k shares |
| WOLVERINE TRADING, LLC | New | $37.2m120.5k shares |
| Cubist Systematic Strategies, LLC | Added | $29.2m92.7k shares |
| TUDOR INVESTMENT CORP ET AL | Added | $11.3m36.0k shares |
| PEAK6 LLC | Reduced | $9.4m30.0k shares |
| D. E. Shaw & Co., Inc. | Added | $7.2m23.0k shares |
| SIMPLEX TRADING, LLC | Added | $6.7m21.3k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $145.1m460.9k shares |
| CITADEL ADVISORS LLC | Added | $89.3m283.6k shares |
| IMC-Chicago, LLC | Added | $50.5m160.5k shares |
| PEAK6 LLC | Added | $46.5m147.6k shares |
| GROUP ONE TRADING LLC | Added | $35.6m113.2k shares |
| Cubist Systematic Strategies, LLC | Added | $33.3m105.7k shares |
| JANE STREET GROUP, LLC | Added | $30.2m95.8k shares |
| WOLVERINE TRADING, LLC | New | $27.2m88.2k shares |
| SIMPLEX TRADING, LLC | Added | $11.3m36.0k shares |
| Walleye Trading LLC | Added | $11.3m35.8k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
Altitude V Holdings, LLC
13D · may seek influence
-1.2 pts · filed 2026-06-24
Stated purposeItem 4 of the Schedule 13D is hereby amended to include the following: On June 16, 2026, each of David Wodlinger and Henry Albers provided separate notices informing the Company of their resignation from the Company's board of directors (the "Board") effective June 17, 2026. Both Mr. Wodlinger and Mr. Albers noted in their separate letters that their decision to resign from the Board is not the result of any disagreement with management on any matter relating to the Company's operations, policies, or practices. As previously disclosed, on May 1, 2025, Mr. Wodlinger and Mr. Albers were appointed to the Board after being named designees of ACP V and ACP VI (collectively, the "Shareholder"), in accordance with the terms of the Shareholder's Agreement, which was previously filed as Exhibit 9… Full filing |
13.5% |
| BlackRock, Inc. 13G · institution -1.5 pts · filed 2026-07-27 | 6.7% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26)
Insider purchases and sales in Q3 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 2 | $526.8k | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 2 | $1.9m | $258.5k |
| Q4 2024 | 0 | — | 1 | $373.6k | $373.6k |
| Q1 2025 | 0 | — | 1 | $3.8m | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 1 | $4.6m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-07-16 | Nawabi Wahid Chair, President and CEO, director | Sold | $4.6m17.3k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q3 2025
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.03% of their portfolio | 4.8m $1.5bn | Added +400.7k |
| VANGUARD GROUP INC 0.02% of their portfolio | 3.5m $1.1bn | Added +52.0k |
| BAILLIE GIFFORD & CO 0.42% of their portfolio | 1.8m $561.7m | Reduced -155.0k |
| STATE STREET CORP 0.02% of their portfolio | 1.8m $555.1m | Added +41.0k |
| Invesco Ltd. 0.06% of their portfolio | 1.3m $402.6m | Added +669.4k |
| GROUPAMA ASSET MANAGMENT 0.02% of their portfolio | 1.0m $1.2m | New |
| Heard Capital LLC 7.84% of their portfolio | 972.9k $306.4m | Added +419.9k |
| GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 812.5k $255.9m | Added +134.1k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 755.9k $238.0m | Added +389.4k |
| AMERICAN CAPITAL MANAGEMENT INC 9.05% of their portfolio | 721.1k $227.1m | Reduced -36.3k |
| VAN ECK ASSOCIATES CORP 0.20% of their portfolio | 686.3k $216.1m | Added +101.7k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.31% of their portfolio | 614.4k $193.4m | Added +83.3k |
| MORGAN STANLEY 0.01% of their portfolio | 581.8k $183.2m | Added +173.6k |
| Stephens Investment Management Group LLC 2.11% of their portfolio | 517.0k $162.8m | Reduced -116.9k |
| Bank of New York Mellon Corp 0.03% of their portfolio | 506.7k $159.5m | Added +107.9k |
| AMERIPRISE FINANCIAL INC 0.03% of their portfolio | 469.5k $147.8m | Reduced -34.8k |
| ALLIANCEBERNSTEIN L.P. 0.04% of their portfolio | 437.2k $137.7m | Reduced -39.8k |
| ARK Investment Management LLC 0.75% of their portfolio | 400.5k $126.1m | Added +89.7k |
| NORTHERN TRUST CORP 0.02% of their portfolio | 380.9k $119.9m | Added +89.5k |
| CONGRESS ASSET MANAGEMENT CO 0.73% of their portfolio | 347.0k $109.3m | Added +4.7k |
| Driehaus Capital Management LLC 0.75% of their portfolio | 334.2k $105.3m | Added +40.4k |
| CIBC Private Wealth Group LLC 0.17% of their portfolio | 315.7k $99.4m | Added +314.4k |
| Fisher Asset Management, LLC 0.04% of their portfolio | 313.0k $98.6m | Added +15.8k |
| UBS Group AG 0.02% of their portfolio | 305.0k $96.0m | Reduced -139.6k |
| Alyeska Investment Group, L.P. 0.29% of their portfolio | 304.5k $95.9m | Reduced -183.1k |
| VOYA INVESTMENT MANAGEMENT LLC 0.09% of their portfolio | 278.3k $87.6m | Added +14.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 276.9k $87.2m | Reduced -10.5k |
| FMR LLC 0.00% of their portfolio | 276.1k $86.9m | Added +87.5k |
| 1832 Asset Management L.P. 0.14% of their portfolio | 264.6k $83.3m | New |
| EMERALD ADVISERS, LLC 2.50% of their portfolio | 247.5k $77.9m | Reduced -5.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 239.6k $75.5m | Added +190.6k |
| Nuveen, LLC 0.02% of their portfolio | 238.9k $75.2m | Added +64.7k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 221.8k $69.8m | Reduced -83.9k |
| Sumitomo Mitsui Trust Group, Inc. 0.04% of their portfolio | 221.5k $69.7m | Added +9.2k |
| Amova Asset Management Americas, Inc. 0.66% of their portfolio | 217.3k $68.4m | Added +8.6k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 206.6k $46.7m | Added +201.4k |
| Ghisallo Capital Management LLC 2.06% of their portfolio | 200.0k $63.0m | New |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 186.9k $58.8m | Reduced -219.7k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.11% of their portfolio | 178.2k $70.4m | Added +150.8k |
| RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio | 177.7k $56.0m | Reduced -15.7k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 148.9k $46.9m | Added +84.6k |
| Portolan Capital Management, LLC 2.52% of their portfolio | 147.9k $46.6m | Reduced -30.9k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 144.6k $45.5m | Added +44.4k |
| EMERALD MUTUAL FUND ADVISERS TRUST 2.30% of their portfolio | 141.6k $44.6m | Reduced -268 |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 138.3k $43.5m | Reduced -58.1k |
| LORD, ABBETT & CO. LLC 0.13% of their portfolio | 137.9k $43.4m | Added +54.0k |
| Rheos Capital Works Inc. 2.11% of their portfolio | 120.0k $37.8m | New |
| SEVEN GRAND MANAGERS, LLC 3.07% of their portfolio | 120.0k $37.8m | New |
| AWM Investment Company, Inc. 3.36% of their portfolio | 113.9k $35.9m | Unchanged |
| NEUBERGER BERMAN GROUP LLC 0.03% of their portfolio | 111.2k $35.0m | Added +37.8k |
| BARCLAYS PLC 0.01% of their portfolio | 103.5k $32.6m | Added +13.5k |
| RHUMBLINE ADVISERS 0.03% of their portfolio | 99.6k $31.4m | Added +33.4k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 98.3k $30.9m | Added +51.6k |
| LPL Financial LLC 0.01% of their portfolio | 96.8k $30.5m | Added +31.3k |
| PINNACLE ASSOCIATES LTD 0.38% of their portfolio | 91.8k $28.9m | Reduced -8.9k |
| TOCQUEVILLE ASSET MANAGEMENT L.P. 0.42% of their portfolio | 91.5k $28.8m | Added +915 |
| CITIGROUP INC 0.02% of their portfolio | 91.4k $28.8m | Added +26.3k |
| BLAIR WILLIAM & CO/IL 0.07% of their portfolio | 87.1k $27.4m | Added +2.8k |
| FIRST TRUST ADVISORS LP 0.02% of their portfolio | 86.8k $27.3m | Added +23.8k |
| CITADEL ADVISORS LLC 0.02% of their portfolio | 75.5k $23.8m | Added +16.0k |
| KADENSA CAPITAL Ltd 2.40% of their portfolio | 74.2k $23.4m | New |
| MACQUARIE GROUP LTD 0.03% of their portfolio | 73.5k $23.1m | Added +16.7k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 71.9k $22.7m | Reduced -110.7k |
| Vident Advisory, LLC 0.21% of their portfolio | 69.8k $22.0m | Added +5.8k |
| AGF MANAGEMENT LTD 0.09% of their portfolio | 65.2k $20.5m | New |
| Swiss National Bank 0.01% of their portfolio | 62.6k $19.7m | Added +8.7k |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 60.4k $18.9m | Reduced -8.9k |
| Canal Insurance CO 4.02% of their portfolio | 60.0k $18.9m | Reduced -10.0k |
| FRED ALGER MANAGEMENT, LLC 0.07% of their portfolio | 58.8k $18.5m | Added +45.6k |
| GW&K Investment Management, LLC 0.16% of their portfolio | 56.9k $17.9m | New |
| Legal & General Group Plc 0.00% of their portfolio | 56.4k $17.8m | Reduced -26.9k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 55.0k $17.3m | Reduced -29.7k |
| Mitsubishi UFJ Trust & Banking Corp 0.04% of their portfolio | 54.6k $17.2m | Reduced -67.7k |
| OSAIC HOLDINGS, INC. 0.02% of their portfolio | 54.3k $16.6m | Added +40.8k |
| CAPTRUST FINANCIAL ADVISORS 0.03% of their portfolio | 54.1k $17.0m | Added +8.7k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.14% of their portfolio | 50.5k $15.9m | Added +18.6k |
| California Public Employees Retirement System 0.01% of their portfolio | 50.3k $15.8m | New |
| CASTLEARK MANAGEMENT LLC 0.37% of their portfolio | 42.3k $13.3m | Added +12.7k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 42.1k $13.3m | Added +3.3k |
| KORNITZER CAPITAL MANAGEMENT INC /KS 0.26% of their portfolio | 40.6k $12.8m | Reduced -300 |
| Rockefeller Capital Management L.P. 0.02% of their portfolio | 39.5k $12.4m | Reduced -27.7k |
| Retirement Systems of Alabama 0.04% of their portfolio | 38.5k $12.1m | New |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 35.0k $11.0m | Added +20.1k |
| MetLife Investment Management, LLC 0.05% of their portfolio | 34.4k $10.8m | New |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 33.0k $10.4m | Reduced -5.8k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.02% of their portfolio | 31.8k $10.0m | Reduced -9.4k |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 30.0k $9.5m | Added +11.2k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 30.0k $9.4m | Added +3.9k |
| FFG Partners, LLC 2.49% of their portfolio | 29.2k $9.2m | New |
| IQ EQ FUND MANAGEMENT (IRELAND) Ltd 0.61% of their portfolio | 28.5k $9.0m | Added +18.0k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 27.3k $8.6m | New |
| SILVERCREST ASSET MANAGEMENT GROUP LLC 0.06% of their portfolio | 26.9k $8.5m | Reduced -577 |
| Penserra Capital Management LLC 0.10% of their portfolio | 26.8k $8.4m | Added +12.7k |
| Informed Momentum Co LLC 0.93% of their portfolio | 26.1k $8.1m | Added +2.7k |
| NEXT CENTURY GROWTH INVESTORS LLC 0.57% of their portfolio | 24.8k $7.8m | New |
| WOLVERINE TRADING, LLC 0.15% of their portfolio | 23.8k $7.3m | New |
| SIT INVESTMENT ASSOCIATES INC 0.15% of their portfolio | 23.2k $7.3m | Added +30 |
| Balyasny Asset Management L.P. 0.01% of their portfolio | 23.0k $7.2m | New |
| Advisors Asset Management, Inc. 0.12% of their portfolio | 22.5k $7.1m | Reduced -1.2k |
| Davidson Kempner Capital Management LP 0.10% of their portfolio | 22.5k $7.1m | Not comparable |