AMERICAN AIRLS GROUP INC AAL
COM · Common Stock · CUSIP 02376R102 · ISIN US02376R1023
American airline holding company
* 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 ($29.5m this quarter). Holder counts are more reliable. Shares outstanding: 661.4m as of 2026-04-17, 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 ≈ $18.06. Options: 43 managers hold calls ($865.8m notional), 57 hold puts ($2.1bn).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 552 |
| Q4 2022 | 571 |
| Q1 2023 | 562 |
| Q2 2023 | 566 |
| Q3 2023 | 570 |
| Q4 2023 | 576 |
| Q1 2024 | 600 |
| Q2 2024 | 582 |
| Q3 2024 | 535 |
| Q4 2024 | 587 |
| Q1 2025 | 576 |
| Q2 2025 | 565 |
| Q3 2025 | 550 |
| Q4 2025 | 557 |
| Q1 2026 | 570 |
| Q2 2026 | 578 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 243 | 295 |
| Q4 2024 | 245 | 248 |
| Q1 2025 | 288 | 259 |
| Q2 2025 | 258 | 287 |
| Q3 2025 | 250 | 242 |
| Q4 2025 | 234 | 270 |
| Q1 2026 | 267 | 255 |
| Q2 2026 | 271 | 263 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $814.2m | $2.1bn | 2.62 |
| Q4 2025 | $991.2m | $2.3bn | 2.31 |
| Q1 2026 | $693.7m | $1.6bn | 2.36 |
| Q2 2026 | $865.8m | $2.1bn | 2.37 |
Biggest buyers
| PRIMECAP MANAGEMENT CO/CA/ | Added | +21.7m |
| Orbis Allan Gray Ltd | Added | +13.9m |
| TWO SIGMA INVESTMENTS, LP | Added | +13.1m |
| JACOBS LEVY EQUITY MANAGEMENT, INC | New | +9.7m |
| APPALOOSA LP | New | +7.5m |
| Sound Shore Management Inc /CT/ | New | +6.0m |
| BlackRock, Inc. | Added | +5.1m |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | New | +4.3m |
| FMR LLC | Added | +4.0m |
| JANE STREET GROUP, LLC | Added | +3.6m |
Biggest sellers
| UBS Group AG | Reduced | -12.2m |
| RENAISSANCE TECHNOLOGIES LLC | Sold out | -9.7m |
| MARSHALL WACE, LLP | Reduced | -5.0m |
| BNP PARIBAS FINANCIAL MARKETS | Reduced | -3.7m |
| D. E. Shaw & Co., Inc. | Reduced | -3.6m |
| HRT FINANCIAL LP | Sold out | -3.3m |
| BW Gestao de Investimentos Ltda. | Reduced | -2.3m |
| TUDOR INVESTMENT CORP ET AL | Sold out | -1.9m |
| CITADEL ADVISORS LLC | Reduced | -1.7m |
| Jump Financial, LLC | Reduced | -1.4m |
Biggest calls
| CITADEL ADVISORS LLC | Added | $226.5m12.5m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $152.5m8.4m shares |
| JANE STREET GROUP, LLC | Reduced | $100.8m5.6m shares |
| IMC-Chicago, LLC | Added | $57.5m3.2m shares |
| SIMPLEX TRADING, LLC | Reduced | $53.0m2.9m shares |
| Walleye Trading LLC | Added | $38.0m2.1m shares |
| D. E. Shaw & Co., Inc. | Reduced | $33.3m1.8m shares |
| Capital Markets Trading UK LLP | Added | $25.8m1.4m shares |
| GROUP ONE TRADING LLC | Added | $24.5m1.4m shares |
| Parallax Volatility Advisers, L.P. | Reduced | $20.2m1.1m shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $315.5m17.5m shares |
| JANE STREET GROUP, LLC | Reduced | $249.1m13.8m shares |
| CITADEL ADVISORS LLC | Reduced | $198.6m11.0m shares |
| Parallax Volatility Advisers, L.P. | Reduced | $172.9m9.6m shares |
| Hudson Bay Capital Management LP | Unchanged | $139.0m7.7m shares |
| BARCLAYS PLC | Reduced | $122.9m6.8m shares |
| Lombard Odier Asset Management (USA) Corp | Unchanged | $109.5m6.1m shares |
| D. E. Shaw & Co., Inc. | Reduced | $61.1m3.4m shares |
| IMC-Chicago, LLC | Reduced | $53.9m3.0m shares |
| CITIGROUP INC | Reduced | $51.5m2.8m 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 |
|---|---|
| PRIMECAP MANAGEMENT CO/CA/ 13G · institution +2.9 pts · filed 2026-06-05 | 10.5% |
| BlackRock, Inc. 13G · institution filed 2026-10-27 | 9.4% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.1% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales since 1 Apr 2026
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 2024 | 0 | — | 1 | $1.8m | $1.8m |
| Q1 2025 | 0 | — | 1 | $890.2k | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 1 | $1.3m | $1.3m |
| Q1 2026 | 0 | — | 0 | — | — |
| Q2 2026 | 0 | — | 1 | $2.2m | $2.2m |
| Q3 2026 | 0 | — | 2 | $3.5m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-07-31 | Owens Angela SVP Corporate Controller | Sold | $611.6k40.1k shares |
| 2026-07-31 | Johnson Stephen L Vice Chair | Sold | $458.7k30.0k shares |
| 2026-07-30 | Johnson Stephen L Vice Chair | Sold | $457.8k30.0k shares |
| 2026-07-29 | Johnson Stephen L Vice Chair | Sold | $450.3k30.0k shares |
| 2026-07-28 | Owens Angela SVP Corporate Controller | Sold | $600.8k39.2k shares |
| 2026-07-28 | Johnson Stephen L Vice Chair | Sold | $454.8k30.0k shares |
| 2026-07-27 | Johnson Stephen L Vice Chair | Sold | $440.1k30.0k shares |
| 2026-06-25 | Seymour David EVP Chief Operating Officer | Sold plan | $1.0m56.5k shares |
| 2026-06-24 | Seymour David EVP Chief Operating Officer | Sold plan | $1.2m69.3k 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, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| PRIMECAP MANAGEMENT CO/CA/ 0.76% of their portfolio | 70.7m $1.3bn | Added +21.7m |
| BlackRock, Inc. 0.02% of their portfolio | 63.4m $1.1bn | Added +5.1m |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.02% of their portfolio | 29.9m $540.2m | Added +1.5m |
| VANGUARD CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 29.4m $531.6m | Added +149.1k |
| TWO SIGMA INVESTMENTS, LP 0.37% of their portfolio | 27.2m $492.2m | Added +13.1m |
| STATE STREET CORP 0.01% of their portfolio | 19.6m $353.6m | Added +340.8k |
| Orbis Allan Gray Ltd 1.00% of their portfolio | 16.1m $291.6m | Added +13.9m |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 13.7m $247.5m | Added +1.0m |
| JANE STREET GROUP, LLC 0.14% of their portfolio | 12.6m $227.6m | Added +3.6m |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.63% of their portfolio | 9.7m $175.2m | New |
| UBS Group AG 0.02% of their portfolio | 8.6m $155.0m | Reduced -12.2m |
| Slate Path Capital LP 2.07% of their portfolio | 8.3m $149.6m | Added +1.8m |
| APPALOOSA LP 1.81% of their portfolio | 7.5m $135.5m | New |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 7.5m $135.5m | Added +411.9k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 7.0m $126.8m | Added +236.0k |
| Connor, Clark & Lunn Investment Management Ltd. 0.23% of their portfolio | 6.6m $119.6m | Added +2.4m |
| MORGAN STANLEY 0.01% of their portfolio | 6.6m $118.9m | Added +974.6k |
| D. E. Shaw & Co., Inc. 0.07% of their portfolio | 6.3m $113.8m | Reduced -3.6m |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 6.2m $111.4m | Added +1.6m |
| U S GLOBAL INVESTORS INC 10.43% of their portfolio | 6.0m $108.4m | Reduced -433.9k |
| Sound Shore Management Inc /CT/ 3.31% of their portfolio | 6.0m $107.6m | New |
| CITADEL ADVISORS LLC 0.05% of their portfolio | 5.2m $94.2m | Reduced -1.7m |
| NORTHERN TRUST CORP 0.01% of their portfolio | 5.1m $92.7m | Added +230.2k |
| BARCLAYS PLC 0.03% of their portfolio | 4.7m $85.3m | Reduced -818.2k |
| AQR CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 4.4m $79.8m | Added +388.7k |
| SG Americas Securities, LLC 0.05% of their portfolio | 4.3m $78.5m | Added +2.9m |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.33% of their portfolio | 4.3m $77.8m | New |
| VANGUARD FIDUCIARY TRUST CO 0.02% of their portfolio | 4.3m $77.1m | Added +156.6k |
| FMR LLC 0.00% of their portfolio | 4.3m $76.8m | Added +4.0m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.06% of their portfolio | 3.9m $70.8m | Reduced -1.2m |
| Bank of New York Mellon Corp 0.01% of their portfolio | 3.8m $68.1m | Reduced -163.3k |
| Invesco Ltd. 0.01% of their portfolio | 3.6m $64.2m | Reduced -185.5k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 3.4m $61.1m | Added +1.2m |
| Balyasny Asset Management L.P. 0.11% of their portfolio | 3.3m $60.2m | New |
| Walleye Capital LLC 0.28% of their portfolio | 3.3m $59.2m | Added +3.1m |
| FIRST TRUST ADVISORS LP 0.03% of their portfolio | 3.1m $55.7m | Reduced -336.7k |
| Russell Investments Group, Ltd. 0.05% of their portfolio | 2.9m $53.1m | Added +2.3m |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 2.9m $52.0m | Added +1.5m |
| HENNESSY ADVISORS INC 1.62% of their portfolio | 2.8m $50.8m | Unchanged |
| FEDERATED HERMES, INC. 0.07% of their portfolio | 2.8m $50.7m | Added +157.3k |
| Nuveen, LLC 0.01% of their portfolio | 2.7m $48.9m | Added +668.9k |
| LSV ASSET MANAGEMENT 0.08% of their portfolio | 2.5m $46.0m | Reduced -457.2k |
| SEI INVESTMENTS CO 0.04% of their portfolio | 2.5m $44.7m | Added +887.4k |
| Quadrature Capital Ltd 0.38% of their portfolio | 2.4m $44.0m | Added +1.5m |
| Assenagon Asset Management S.A. 0.03% of their portfolio | 2.4m $43.1m | Added +2.3m |
| Columbus Hill Capital Management, L.P. 4.54% of their portfolio | 2.3m $40.8m | New |
| CITIGROUP INC 0.02% of their portfolio | 2.1m $38.7m | Added +195.8k |
| Cable Car Capital, LP 1.60% of their portfolio | 2.0m $36.8m | New |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 1.8m $33.1m | Added +141.9k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 1.5m $27.0m | Added +21.1k |
| NATIXIS 0.13% of their portfolio | 1.5m $26.7m | New |
| Longaeva Partners L.P. 0.72% of their portfolio | 1.4m $24.8m | Added +1.2m |
| CAPITAL FUND MANAGEMENT S.A. 0.17% of their portfolio | 1.3m $23.1m | Added +1.2m |
| California Public Employees Retirement System 0.01% of their portfolio | 1.2m $21.9m | Reduced -45.8k |
| Amundi 0.01% of their portfolio | 1.2m $21.3m | Added +1.1m |
| MARSHALL WACE, LLP 0.02% of their portfolio | 1.1m $20.5m | Reduced -5.0m |
| Aquatic Capital Management LLC 0.70% of their portfolio | 1.1m $20.4m | New |
| NATIONAL BANK OF CANADA /FI/ 0.02% of their portfolio | 1.0m $18.1m | Added +988.5k |
| Hosking Partners LLP 0.60% of their portfolio | 1.0m $18.1m | Added +91.6k |
| PAR CAPITAL MANAGEMENT INC 0.45% of their portfolio | 1.0m $18.1m | Reduced -250.0k |
| Cerity Partners LLC 0.02% of their portfolio | 953.3k $17.2m | Added +15.3k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio | 938.9k $17.0m | Reduced -23.6k |
| ING GROEP NV 0.08% of their portfolio | 933.4k $16.9m | New |
| Retirement Systems of Alabama 0.05% of their portfolio | 932.1k $16.8m | Reduced -125.4k |
| GROUP ONE TRADING LLC 0.47% of their portfolio | 894.6k $16.2m | Reduced -291.7k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 830.7k $8.9m | Reduced -62.2k |
| BANK OF NOVA SCOTIA 0.02% of their portfolio | 779.9k $14.1m | Added +745.3k |
| Jump Financial, LLC 0.13% of their portfolio | 774.1k $14.0m | Reduced -1.4m |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 703.7k $12.7m | Reduced -148.1k |
| Rockefeller Capital Management L.P. 0.02% of their portfolio | 672.6k $12.2m | Reduced -420.9k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 648.2k $11.7m | Added +48.0k |
| Quantinno Capital Management LP 0.01% of their portfolio | 605.9k $10.9m | Added +32.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 586.7k $10.6m | Reduced -3.8k |
| Hodges Capital Management Inc. 0.70% of their portfolio | 583.9k $10.6m | Added +301.4k |
| Man Group plc 0.02% of their portfolio | 573.2k $10.4m | Added +446.1k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 560.4k $10.1m | Reduced -26.6k |
| Leonteq Securities AG 0.60% of their portfolio | 558.4k $10.1m | Reduced -93.9k |
| GATEWAY INVESTMENT ADVISERS LLC 0.10% of their portfolio | 548.8k $9.9m | New |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.02% of their portfolio | 537.9k $9.7m | Reduced -9.5k |
| Legal & General Group Plc 0.00% of their portfolio | 526.6k $9.5m | Added +10.4k |
| KWMG, LLC 0.66% of their portfolio | 502.5k $9.1m | Added +16.1k |
| NORGES BANK 0.00% of their portfolio | 473.2k $8.6m | Not comparable |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 464.5k $8.4m | Added +5.6k |
| Bridgewater Associates, LP 0.03% of their portfolio | 460.7k $8.3m | Added +14.1k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.00% of their portfolio | 456.0k $8.2m | Reduced -11.4k |
| Marex Group Ltd 0.06% of their portfolio | 449.4k $8.1m | Reduced -4.1k |
| Tower Research Capital LLC (TRC) 0.18% of their portfolio | 404.4k $7.3m | Added +384.2k |
| Y-Intercept (Hong Kong) Ltd 0.14% of their portfolio | 394.7k $7.1m | New |
| SIGNATUREFD, LLC 0.09% of their portfolio | 392.9k $7.1m | Added +377.3k |
| Trexquant Investment LP 0.04% of their portfolio | 373.3k $6.7m | New |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 372.4k $6.7m | Reduced -95.1k |
| Oak Thistle LLC 0.64% of their portfolio | 365.9k $6.6m | New |
| Engineers Gate Manager LP 0.09% of their portfolio | 362.7k $6.6m | Added +227.7k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 356.6k $6.4m | Added +29.1k |
| BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.04% of their portfolio | 356.5k $6.4m | Added +51.3k |
| Verition Fund Management LLC 0.04% of their portfolio | 346.1k $6.3m | Added +282.5k |
| LPL Financial LLC 0.00% of their portfolio | 344.8k $6.2m | Reduced -570.4k |
| MetLife Investment Management, LLC 0.03% of their portfolio | 343.9k $6.2m | Added +17.4k |
| Swiss National Bank 0.00% of their portfolio | 331.3k $6.0m | Added +6.1k |
| Clear Street Group Inc. 0.02% of their portfolio | 331.3k $6.0m | Reduced -92.7k |