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 ($5.4m this quarter). Holder counts are more reliable. Shares outstanding: 656.7m as of 2024-07-19, 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 ≈ $11.33. Options: 48 managers hold calls ($632.6m notional), 68 hold puts ($2.6bn).
Trends to Q2 2024
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 |
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 2022 | 233 | 243 |
| Q1 2023 | 232 | 252 |
| Q2 2023 | 247 | 240 |
| Q3 2023 | 239 | 273 |
| Q4 2023 | 211 | 296 |
| Q1 2024 | 285 | 267 |
| Q2 2024 | 254 | 289 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $634.4m | $2.4bn | 3.83 |
| Q4 2023 | $754.8m | $3.0bn | 3.93 |
| Q1 2024 | $724.6m | $3.1bn | 4.30 |
| Q2 2024 | $632.6m | $2.6bn | 4.18 |
Biggest buyers
| PRIMECAP MANAGEMENT CO/CA/ | Added | +14.5m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | +10.2m |
| Slate Path Capital LP | New | +9.1m |
| Invesco Ltd. | Added | +2.7m |
| UBS Group AG | Added | +2.4m |
| DIMENSIONAL FUND ADVISORS LP | Added | +1.8m |
| NATIXIS | Added | +1.8m |
| GOLDMAN SACHS GROUP INC | Added | +1.6m |
| BARCLAYS PLC | Added | +1.6m |
| JANE STREET GROUP, LLC | Added | +1.5m |
Biggest sellers
| SRS Investment Management, LLC | Reduced | -8.6m |
| MORGAN STANLEY | Reduced | -7.0m |
| Balyasny Asset Management L.P. | Reduced | -5.4m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -5.4m |
| MARSHALL WACE, LLP | Reduced | -4.5m |
| Man Group plc | Reduced | -3.5m |
| VANGUARD GROUP INC | Reduced | -2.1m |
| Alyeska Investment Group, L.P. | Sold out | -2.0m |
| JPMORGAN CHASE & CO | Reduced | -1.9m |
| JUPITER ASSET MANAGEMENT LTD | Reduced | -1.1m |
Biggest calls
| BARCLAYS PLC | Added | $118.8m10.5m shares |
| CITADEL ADVISORS LLC | Added | $77.1m6.8m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $71.6m6.3m shares |
| SIMPLEX TRADING, LLC | Reduced | $36.8m3.2m shares |
| D. E. Shaw & Co., Inc. | Added | $32.4m2.9m shares |
| Parallax Volatility Advisers, L.P. | Added | $30.9m2.7m shares |
| IMC-Chicago, LLC | Added | $23.8m2.1m shares |
| JPMORGAN CHASE & CO | Added | $20.7m1.8m shares |
| CMT Capital Markets Trading GmbH | Added | $18.2m1.6m shares |
| JANE STREET GROUP, LLC | Reduced | $15.2m1.3m shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $355.0m31.3m shares |
| CITADEL ADVISORS LLC | Added | $343.1m30.3m shares |
| Lombard Odier Asset Management (USA) Corp | Added | $206.8m18.2m shares |
| Elliott Investment Management L.P. | New | $130.3m11.5m shares |
| BANK OF AMERICA CORP /DE/ | Reduced | $129.3m11.4m shares |
| JANE STREET GROUP, LLC | Added | $112.1m9.9m shares |
| Parallax Volatility Advisers, L.P. | Reduced | $105.5m9.3m shares |
| TWO SIGMA INVESTMENTS, LP | Reduced | $88.7m7.8m shares |
| CITIGROUP INC | Added | $86.4m7.6m shares |
| SIMPLEX TRADING, LLC | Added | $78.8m7.0m 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 in Q2 2024
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 |
|---|---|---|---|---|---|
| Q3 2022 | 0 | — | 1 | $189.9k | — |
| Q4 2022 | 0 | — | 1 | $296.4k | — |
| Q1 2023 | 0 | — | 2 | $1.3m | — |
| Q2 2023 | 0 | — | 2 | $358.4k | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 1 | $235.6k | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
None reported in Q2 2024.
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.02% of their portfolio | 74.1m $839.2m | Reduced -2.1m |
| PRIMECAP MANAGEMENT CO/CA/ 0.47% of their portfolio | 56.9m $644.5m | Added +14.5m |
| BlackRock Inc. 0.01% of their portfolio | 40.5m $458.7m | Added +501.9k |
| STATE STREET CORP 0.01% of their portfolio | 21.2m $239.8m | Added +210.2k |
| Invesco Ltd. 0.04% of their portfolio | 17.1m $193.7m | Added +2.7m |
| GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 16.0m $181.0m | Added +96.3k |
| SRS Investment Management, LLC 2.01% of their portfolio | 13.1m $148.0m | Reduced -8.6m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.23% of their portfolio | 11.8m $134.0m | Added +10.2m |
| MORGAN STANLEY 0.01% of their portfolio | 10.9m $123.3m | Reduced -7.0m |
| Slate Path Capital LP 2.08% of their portfolio | 9.1m $102.6m | New |
| U S GLOBAL INVESTORS INC 9.36% of their portfolio | 8.6m $98.7m | Reduced -879.2k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 5.8m $66.0m | Reduced -1.9m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 5.8m $65.6m | Reduced -92.0k |
| CITADEL ADVISORS LLC 0.06% of their portfolio | 5.6m $64.0m | Added +516.7k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 4.9m $55.0m | Reduced -120.0k |
| BARCLAYS PLC 0.02% of their portfolio | 4.8m $54.1m | Added +1.6m |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 4.2m $48.0m | Added +1.8m |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 4.2m $47.1m | Added +1.6m |
| Bank of New York Mellon Corp 0.01% of their portfolio | 4.1m $46.1m | Added +127.2k |
| UBS Group AG 0.01% of their portfolio | 3.2m $36.7m | Added +2.4m |
| JANE STREET GROUP, LLC 0.04% of their portfolio | 3.2m $35.9m | Added +1.5m |
| AQR CAPITAL MANAGEMENT LLC 0.05% of their portfolio | 2.7m $30.7m | Reduced -212.4k |
| Aquatic Capital Management LLC 1.09% of their portfolio | 2.6m $29.6m | Added +34.3k |
| BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio | 2.2m $24.9m | Reduced -512.0k |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 2.0m $22.6m | Added +1.1m |
| PAR CAPITAL MANAGEMENT INC 0.71% of their portfolio | 2.0m $22.7m | Reduced -521.2k |
| NATIXIS 0.14% of their portfolio | 1.9m $22.0m | Added +1.8m |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 1.8m $20.8m | Reduced -2.1k |
| RENAISSANCE TECHNOLOGIES LLC 0.04% of their portfolio | 1.8m $20.7m | Reduced -271.8k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 1.6m $18.6m | Added +246.1k |
| HRT FINANCIAL LP 0.08% of their portfolio | 1.3m $14.6m | New |
| Man Group plc 0.04% of their portfolio | 1.3m $14.5m | Reduced -3.5m |
| SEI INVESTMENTS CO 0.02% of their portfolio | 1.2m $13.6m | Added +153.5k |
| California Public Employees Retirement System 0.01% of their portfolio | 1.2m $13.5m | Added +38.2k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.2m $13.4m | Reduced -318.5k |
| NORGES BANK 0.00% of their portfolio | 1.2m $13.3m | Reduced -377.0k |
| LSV ASSET MANAGEMENT 0.03% of their portfolio | 1.2m $13.2m | Reduced -66.9k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 1.1m $12.7m | Added +289.2k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 1.1m $12.6m | Reduced -37.8k |
| D. E. Shaw & Co., Inc. 0.02% of their portfolio | 1.1m $12.0m | Added +187.5k |
| NOMURA HOLDINGS INC 0.08% of their portfolio | 1.1m $12.0m | Added +1.0m |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 956.0k $10.8m | Added +367.2k |
| CAPITAL FUND MANAGEMENT S.A. 0.12% of their portfolio | 925.7k $10.5m | Added +79.0k |
| Hosking Partners LLP 0.39% of their portfolio | 918.5k $10.4m | Reduced -4.2k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 898.5k $10.2m | Reduced -576.6k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 895.9k $10.2m | Added +19.4k |
| Squarepoint Ops LLC 0.04% of their portfolio | 879.1k $10.0m | Reduced -109.7k |
| CIBC WORLD MARKET INC. 0.02% of their portfolio | 873.0k $9.9m | Reduced -248.3k |
| CITIGROUP INC 0.01% of their portfolio | 820.0k $9.3m | Reduced -82.3k |
| SIMPLEX TRADING, LLC 0.27% of their portfolio | 754.7k $8.6m | New |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 732.2k $8.3m | Reduced -19.4k |
| Amundi 0.00% of their portfolio | 716.1k $8.0m | Reduced -243.6k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 712.9k $8.2m | Reduced -797.3k |
| Parallax Volatility Advisers, L.P. 0.19% of their portfolio | 676.2k $7.7m | Added +400.6k |
| Jump Financial, LLC 0.15% of their portfolio | 673.9k $7.6m | Added +463.0k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 668.7k $7.6m | Added +17.8k |
| PEAK6 Investments LLC 0.35% of their portfolio | 658.3k $7.5m | New |
| Legal & General Group Plc 0.00% of their portfolio | 657.0k $7.4m | Reduced -47.6k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 640.7k $7.3m | Reduced -48.1k |
| Susquehanna Portfolio Strategies, LLC 0.30% of their portfolio | 633.6k $7.2m | Unchanged |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.01% of their portfolio | 629.3k $7.1m | Reduced -12.4k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 621.6k $7.0m | Reduced -323.2k |
| Trexquant Investment LP 0.11% of their portfolio | 621.2k $7.0m | New |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.57% of their portfolio | 598.6k $6.8m | Added +272.6k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 597.4k $6.8m | Added +558.4k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.00% of their portfolio | 586.3k $6.6m | Added +13.8k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 575.2k $6.5m | Added +10.9k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 575.2k $6.5m | Reduced -5.4m |
| VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 572.8k $6.5m | Reduced -90.6k |
| CMT Capital Markets Trading GmbH 1.84% of their portfolio | 570.5k $6.5m | Reduced -407.5k |
| Holocene Advisors, LP 0.03% of their portfolio | 568.3k $6.4m | New |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 549.0k $6.2m | Reduced -370.5k |
| SEVEN EIGHT CAPITAL, LP 0.64% of their portfolio | 540.4k $6.1m | Added +377.3k |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 538.7k $6.1m | Reduced -54.1k |
| FIRST CITIZENS BANK & TRUST CO 0.11% of their portfolio | 528.4k $6.0m | New |
| Engineers Gate Manager LP 0.13% of their portfolio | 522.2k $5.9m | Added +421.4k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 522.2k $5.9m | Reduced -744 |
| PINEBRIDGE INVESTMENTS, L.P. 0.05% of their portfolio | 505.5k $5.7m | Reduced -159.1k |
| Marex Group Ltd 0.15% of their portfolio | 494.5k $5.6m | Added +71.6k |
| Leonteq Securities AG 0.76% of their portfolio | 486.0k $5.5m | Added +240.3k |
| Envestnet Portfolio Solutions, Inc. 0.02% of their portfolio | 481.2k $5.5m | New |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.01% of their portfolio | 443.9k $5.0m | Unchanged |
| Saba Capital Management, L.P. 0.11% of their portfolio | 435.9k $4.9m | Added +192.8k |
| Neo Ivy Capital Management 0.93% of their portfolio | 417.5k $4.7m | First filing |
| Rokos Capital Management LLP 0.11% of their portfolio | 410.0k $4.6m | Unchanged |
| One River Asset Management, LLC 2.45% of their portfolio | 398.3k $4.5m | Added +394.4k |
| Balyasny Asset Management L.P. 0.01% of their portfolio | 386.0k $4.4m | Reduced -5.4m |
| BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.05% of their portfolio | 380.9k $4.3m | Added +201.2k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 372.3k $4.2m | Added +9.5k |
| KWMG, LLC 0.45% of their portfolio | 371.0k $4.2m | Added +39.2k |
| Chevy Chase Trust Holdings, LLC 0.01% of their portfolio | 358.2k $4.1m | Reduced -4.1k |
| WOLVERINE TRADING, LLC 0.07% of their portfolio | 353.6k $4.0m | Added +85.6k |
| TORONTO DOMINION BANK 0.01% of their portfolio | 347.7k $3.9m | Added +145.2k |
| Assenagon Asset Management S.A. 0.01% of their portfolio | 343.0k $3.9m | Reduced -17.0k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio | 334.9k $3.8m | Added +259.2k |
| GROUP ONE TRADING LLC 0.12% of their portfolio | 323.6k $3.7m | Added +32.6k |
| Swiss National Bank 0.00% of their portfolio | 321.9k $3.6m | Unchanged |
| TD Asset Management Inc 0.00% of their portfolio | 315.0k $3.6m | Added +188.9k |
| FMR LLC 0.00% of their portfolio | 305.5k $3.5m | Reduced -970.6k |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 297.9k $3.4m | Added +277.9k |