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 ($21.9m this quarter). Holder counts are more reliable. Shares outstanding: 657.1m as of 2024-10-18, 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 ≈ $11.23. Options: 51 managers hold calls ($730.4m notional), 69 hold puts ($2.6bn).
Trends to Q3 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 |
| Q3 2024 | 535 |
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 |
| Q3 2024 | 243 | 295 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2023 | $754.8m | $3.0bn | 3.93 |
| Q1 2024 | $724.6m | $3.1bn | 4.30 |
| Q2 2024 | $632.6m | $2.6bn | 4.18 |
| Q3 2024 | $730.4m | $2.6bn | 3.62 |
Biggest buyers
| Slate Path Capital LP | Added | +7.1m |
| MILLENNIUM MANAGEMENT LLC | Added | +4.7m |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | Added | +4.5m |
| Schonfeld Strategic Advisors LLC | Added | +2.7m |
| JANE STREET GROUP, LLC | Added | +2.3m |
| Squarepoint Ops LLC | Added | +2.1m |
| Balyasny Asset Management L.P. | Added | +1.9m |
| Anomaly Capital Management, LP | New | +1.8m |
| Point72 Asset Management, L.P. | New | +1.7m |
| Point72 (DIFC) Ltd | New | +1.5m |
Biggest sellers
| Invesco Ltd. | Reduced | -14.0m |
| SRS Investment Management, LLC | Sold out | -13.1m |
| VANGUARD GROUP INC | Reduced | -12.0m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | -8.9m |
| GEODE CAPITAL MANAGEMENT, LLC | Reduced | -4.6m |
| CITADEL ADVISORS LLC | Reduced | -4.4m |
| STATE STREET CORP | Reduced | -4.0m |
| MORGAN STANLEY | Reduced | -3.1m |
| BARCLAYS PLC | Reduced | -2.6m |
| UBS Group AG | Reduced | -2.2m |
Biggest calls
| CITADEL ADVISORS LLC | Added | $129.4m11.5m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $120.9m10.8m shares |
| SIMPLEX TRADING, LLC | Added | $52.4m4.7m shares |
| Elliott Investment Management L.P. | New | $39.3m3.5m shares |
| D. E. Shaw & Co., Inc. | Reduced | $27.2m2.4m shares |
| BARCLAYS PLC | Reduced | $26.2m2.3m shares |
| IMC-Chicago, LLC | Reduced | $23.6m2.1m shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $22.6m2.0m shares |
| CITIGROUP INC | Added | $22.0m2.0m shares |
| JPMORGAN CHASE & CO | Reduced | $20.5m1.8m shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $275.3m24.5m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $262.3m23.3m shares |
| BANK OF AMERICA CORP /DE/ | Added | $203.3m18.1m shares |
| Lombard Odier Asset Management (USA) Corp | Reduced | $137.7m12.2m shares |
| Elliott Investment Management L.P. | Unchanged | $129.3m11.5m shares |
| Saba Capital Management, L.P. | Added | $125.9m11.2m shares |
| BARCLAYS PLC | New | $117.1m10.4m shares |
| AQR Arbitrage LLC | New | $92.3m8.2m shares |
| Parallax Volatility Advisers, L.P. | Reduced | $86.0m7.6m shares |
| CITIGROUP INC | Reduced | $81.0m7.2m 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 Q3 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
None reported in Q3 2024.
Holders, Q3 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.01% of their portfolio | 62.0m $697.2m | Reduced -12.0m |
| PRIMECAP MANAGEMENT CO/CA/ 0.47% of their portfolio | 57.3m $644.5m | Added +458.3k |
| BlackRock, Inc. 0.01% of their portfolio | 54.6m $613.4m | First filing |
| STATE STREET CORP 0.01% of their portfolio | 17.1m $192.7m | Reduced -4.0m |
| Slate Path Capital LP 3.04% of their portfolio | 16.2m $181.6m | Added +7.1m |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 11.4m $128.7m | Reduced -4.6m |
| U S GLOBAL INVESTORS INC 9.84% of their portfolio | 9.1m $102.2m | Added +508.1k |
| MORGAN STANLEY 0.01% of their portfolio | 7.8m $87.9m | Reduced -3.1m |
| JANE STREET GROUP, LLC 0.10% of their portfolio | 5.4m $61.1m | Added +2.3m |
| MILLENNIUM MANAGEMENT LLC 0.05% of their portfolio | 5.3m $59.1m | Added +4.7m |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 5.1m $57.3m | Reduced -723.3k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.10% of their portfolio | 5.1m $57.3m | Added +4.5m |
| Bank of New York Mellon Corp 0.01% of their portfolio | 4.8m $53.4m | Added +685.8k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 4.5m $50.1m | Reduced -394.4k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 4.4m $49.6m | Reduced -1.4m |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 4.3m $48.8m | Added +96.3k |
| BNP PARIBAS FINANCIAL MARKETS 0.04% of their portfolio | 3.2m $36.3m | Added +1.0m |
| Invesco Ltd. 0.01% of their portfolio | 3.0m $34.2m | Reduced -14.0m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.06% of their portfolio | 3.0m $33.2m | Reduced -8.9m |
| Squarepoint Ops LLC 0.11% of their portfolio | 2.9m $33.1m | Added +2.1m |
| Schonfeld Strategic Advisors LLC 0.25% of their portfolio | 2.8m $31.3m | Added +2.7m |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 2.4m $26.9m | Reduced -1.8m |
| Balyasny Asset Management L.P. 0.07% of their portfolio | 2.3m $25.9m | Added +1.9m |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 2.3m $25.8m | Added +1.1m |
| BARCLAYS PLC 0.01% of their portfolio | 2.2m $24.4m | Reduced -2.6m |
| PAR CAPITAL MANAGEMENT INC 0.64% of their portfolio | 2.0m $22.5m | Unchanged |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 1.8m $19.9m | Added +660.6k |
| Anomaly Capital Management, LP 0.70% of their portfolio | 1.8m $19.7m | New |
| Point72 Asset Management, L.P. 0.07% of their portfolio | 1.7m $19.4m | New |
| TORONTO DOMINION BANK 0.03% of their portfolio | 1.7m $18.7m | Added +1.3m |
| D. E. Shaw & Co., Inc. 0.02% of their portfolio | 1.7m $18.7m | Added +605.0k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 1.6m $17.9m | Reduced -241.4k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 1.5m $17.1m | Added +787.7k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 1.5m $17.0m | Added +941.2k |
| Point72 (DIFC) Ltd 1.28% of their portfolio | 1.5m $16.5m | New |
| Aquatic Capital Management LLC 0.38% of their portfolio | 1.3m $14.7m | Reduced -1.3m |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 1.3m $14.1m | Reduced -4.4m |
| SG Americas Securities, LLC 0.05% of their portfolio | 1.2m $14.0m | Added +1.1m |
| Connor, Clark & Lunn Investment Management Ltd. 0.06% of their portfolio | 1.2m $13.1m | Added +1.2m |
| SEI INVESTMENTS CO 0.02% of their portfolio | 1.1m $12.6m | Reduced -77.6k |
| HRT FINANCIAL LP 0.07% of their portfolio | 1.1m $12.5m | Reduced -171.8k |
| TWINBEECH CAPITAL LP 0.22% of their portfolio | 1.0m $11.6m | New |
| UBS Group AG 0.00% of their portfolio | 1.0m $11.6m | Reduced -2.2m |
| Man Group plc 0.03% of their portfolio | 1.0m $11.5m | Reduced -252.1k |
| CITIGROUP INC 0.01% of their portfolio | 995.5k $11.2m | Added +175.5k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 974.5k $11.0m | Added +76.0k |
| California Public Employees Retirement System 0.01% of their portfolio | 956.1k $10.7m | Reduced -236.7k |
| NORGES BANK 0.00% of their portfolio | 911.3k $10.2m | Reduced -262.1k |
| Hosking Partners LLP 0.38% of their portfolio | 876.0k $9.8m | Reduced -42.4k |
| Brevan Howard Capital Management LP 0.47% of their portfolio | 869.7k $9.8m | Added +828.3k |
| Engineers Gate Manager LP 0.18% of their portfolio | 830.7k $9.3m | Added +308.5k |
| CIBC WORLD MARKET INC. 0.02% of their portfolio | 819.3k $9.2m | Reduced -53.7k |
| NOMURA HOLDINGS INC 0.07% of their portfolio | 806.3k $9.1m | Reduced -248.5k |
| Retirement Systems of Alabama 0.03% of their portfolio | 797.7k $9.0m | Added +653.0k |
| TUDOR INVESTMENT CORP ET AL 0.10% of their portfolio | 796.8k $9.0m | Added +562.3k |
| Verition Fund Management LLC 0.06% of their portfolio | 791.5k $8.9m | Added +524.1k |
| Corebridge Financial, Inc. 0.05% of their portfolio | 777.1k $8.7m | Added +608.9k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 734.7k $8.3m | Added +514.8k |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 716.2k $8.1m | Reduced -1.3m |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 671.1k $7.5m | Added +30.4k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 668.7k $7.5m | Unchanged |
| GROUP ONE TRADING LLC 0.29% of their portfolio | 658.6k $7.4m | Added +335.0k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 645.8k $7.3m | Reduced -473.2k |
| Walleye Trading LLC 0.17% of their portfolio | 643.2k $7.2m | New |
| Susquehanna Portfolio Strategies, LLC 0.49% of their portfolio | 633.6k $7.1m | Unchanged |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 607.4k $6.8m | Reduced -2.1m |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.68% of their portfolio | 597.8k $6.7m | Reduced -729 |
| Walleye Capital LLC 0.07% of their portfolio | 585.3k $6.6m | Added +524.2k |
| LSV ASSET MANAGEMENT 0.01% of their portfolio | 576.9k $6.5m | Reduced -585.8k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 570.9k $6.4m | Reduced -1.3m |
| Legal & General Group Plc 0.00% of their portfolio | 551.3k $6.2m | Reduced -105.7k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 541.7k $6.1m | Added +19.5k |
| Allianz Asset Management GmbH 0.01% of their portfolio | 520.3k $5.8m | New |
| FIRST CITIZENS BANK & TRUST CO 0.13% of their portfolio | 508.5k $5.7m | Reduced -20.0k |
| ExodusPoint Capital Management, LP 0.06% of their portfolio | 490.4k $5.5m | New |
| Y-Intercept (Hong Kong) Ltd 0.33% of their portfolio | 486.1k $5.5m | New |
| NATIXIS 0.03% of their portfolio | 469.2k $5.3m | Reduced -1.5m |
| SIMPLEX TRADING, LLC 0.18% of their portfolio | 462.0k $5.2m | Reduced -292.7k |
| Envestnet Portfolio Solutions, Inc. 0.02% of their portfolio | 455.1k $5.1m | Reduced -26.1k |
| Paloma Partners Management Co 0.26% of their portfolio | 434.4k $4.9m | New |
| Marex Group Ltd 0.11% of their portfolio | 433.5k $4.9m | Reduced -61.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 432.3k $4.9m | Reduced -463.6k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 432.2k $4.9m | Reduced -189.4k |
| FMR LLC 0.00% of their portfolio | 409.0k $4.6m | Added +103.5k |
| KWMG, LLC 0.45% of their portfolio | 398.3k $4.5m | Added +27.3k |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 397.5k $4.5m | Reduced -175.3k |
| PEAK6 Investments LLC 0.22% of their portfolio | 394.5k $4.4m | Reduced -263.7k |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 392.0k $4.4m | Added +295.9k |
| Jade Capital Advisors, LLC 2.78% of their portfolio | 380.0k $4.3m | Added +305.0k |
| Parallax Volatility Advisers, L.P. 0.11% of their portfolio | 375.1k $4.2m | Reduced -301.1k |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.09% of their portfolio | 359.3k $32.0k | Added +334.2k |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.04% of their portfolio | 354.9k $4.0m | Added +272.1k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio | 349.2k $3.9m | Added +68.7k |
| MetLife Investment Management, LLC 0.02% of their portfolio | 341.5k $3.8m | Added +164.4k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 333.6k $3.7m | Reduced -1.3m |
| Leonteq Securities AG 0.44% of their portfolio | 329.1k $3.7m | Reduced -156.8k |
| Swiss National Bank 0.00% of their portfolio | 321.9k $3.6m | Unchanged |
| AMALGAMATED BANK 0.03% of their portfolio | 313.7k $3.5m | Added +100.1k |
| Quantinno Capital Management LP 0.04% of their portfolio | 307.4k $3.5m | Added +266.4k |
| CMT Capital Markets Trading GmbH 1.57% of their portfolio | 306.0k $3.4m | Reduced -264.5k |