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 ($8.5m 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 ≈ $10.75. Options: 48 managers hold calls ($693.7m notional), 53 hold puts ($1.6bn).
Trends to Q1 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 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2024 | 254 | 289 |
| 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 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $821.3m | $2.1bn | 2.53 |
| Q3 2025 | $814.2m | $2.1bn | 2.62 |
| Q4 2025 | $991.2m | $2.3bn | 2.31 |
| Q1 2026 | $693.7m | $1.6bn | 2.36 |
Biggest buyers
| RENAISSANCE TECHNOLOGIES LLC | Added | +8.2m |
| UBS Group AG | Added | +8.1m |
| CITADEL ADVISORS LLC | Added | +5.0m |
| HRT FINANCIAL LP | New | +3.3m |
| Connor, Clark & Lunn Investment Management Ltd. | Added | +2.5m |
| BNP PARIBAS FINANCIAL MARKETS | Added | +2.3m |
| Orbis Allan Gray Ltd | New | +2.2m |
| Jump Financial, LLC | New | +2.2m |
| AQR CAPITAL MANAGEMENT LLC | Added | +2.1m |
| TUDOR INVESTMENT CORP ET AL | Added | +1.9m |
Biggest sellers
| MARSHALL WACE, LLP | Reduced | -19.8m |
| APPALOOSA LP | Sold out | -14.2m |
| TWO SIGMA ADVISERS, LP | Sold out | -12.1m |
| D. E. Shaw & Co., Inc. | Reduced | -6.3m |
| Point72 Asset Management, L.P. | Sold out | -5.6m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -5.3m |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Sold out | -4.9m |
| Holocene Advisors, LP | Sold out | -4.0m |
| Balyasny Asset Management L.P. | Sold out | -2.9m |
| Slate Path Capital LP | Reduced | -2.6m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $126.1m11.7m shares |
| JANE STREET GROUP, LLC | Added | $110.4m10.3m shares |
| CITADEL ADVISORS LLC | Reduced | $79.8m7.4m shares |
| SIMPLEX TRADING, LLC | Added | $40.4m3.8m shares |
| Interval Partners, LP | New | $39.8m3.7m shares |
| IMC-Chicago, LLC | Added | $30.9m2.9m shares |
| D. E. Shaw & Co., Inc. | Reduced | $30.3m2.8m shares |
| GOLDMAN SACHS GROUP INC | Added | $24.5m2.3m shares |
| Walleye Trading LLC | Added | $19.2m1.8m shares |
| MILLENNIUM MANAGEMENT LLC | Added | $18.5m1.7m shares |
Biggest puts
| JANE STREET GROUP, LLC | Added | $252.9m23.5m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $203.0m18.9m shares |
| CITADEL ADVISORS LLC | Added | $168.4m15.7m shares |
| Parallax Volatility Advisers, L.P. | Reduced | $124.0m10.5m shares |
| BARCLAYS PLC | Reduced | $91.3m8.5m shares |
| Hudson Bay Capital Management LP | Unchanged | $82.6m7.7m shares |
| D. E. Shaw & Co., Inc. | Reduced | $73.1m6.8m shares |
| Lombard Odier Asset Management (USA) Corp | Added | $65.1m6.1m shares |
| GOLDMAN SACHS GROUP INC | Added | $48.4m4.5m shares |
| PEAK6 LLC | Reduced | $46.6m4.3m 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 Q1 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 |
|---|---|---|---|---|---|
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| 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 | — | — |
None reported in Q1 2026.
Holders, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.01% of their portfolio | 58.3m $626.1m | Added +1.4m |
| PRIMECAP MANAGEMENT CO/CA/ 0.41% of their portfolio | 49.0m $526.2m | Reduced -12.6k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 29.3m $314.4m | First filing |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.02% of their portfolio | 28.4m $304.5m | First filing |
| UBS Group AG 0.04% of their portfolio | 20.8m $223.7m | Added +8.1m |
| STATE STREET CORP 0.01% of their portfolio | 19.2m $206.5m | Added +624.1k |
| TWO SIGMA INVESTMENTS, LP 0.13% of their portfolio | 14.2m $152.3m | Added +1.6m |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 12.7m $136.3m | Reduced -118.3k |
| D. E. Shaw & Co., Inc. 0.08% of their portfolio | 9.9m $105.9m | Reduced -6.3m |
| RENAISSANCE TECHNOLOGIES LLC 0.16% of their portfolio | 9.7m $104.0m | Added +8.2m |
| JANE STREET GROUP, LLC 0.10% of their portfolio | 9.0m $96.7m | Reduced -173.9k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 7.1m $76.1m | Added +152.3k |
| CITADEL ADVISORS LLC 0.05% of their portfolio | 6.9m $74.6m | Added +5.0m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 6.8m $72.8m | Added +296.2k |
| Slate Path Capital LP 1.03% of their portfolio | 6.5m $69.5m | Reduced -2.6m |
| U S GLOBAL INVESTORS INC 8.06% of their portfolio | 6.4m $69.1m | Added +865.2k |
| MARSHALL WACE, LLP 0.07% of their portfolio | 6.2m $66.1m | Reduced -19.8m |
| MORGAN STANLEY 0.00% of their portfolio | 5.6m $60.2m | Added +1.1m |
| BARCLAYS PLC 0.02% of their portfolio | 5.5m $59.5m | Added +1.6m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.07% of their portfolio | 5.1m $54.7m | Added +1.1m |
| NORTHERN TRUST CORP 0.01% of their portfolio | 4.9m $52.6m | Reduced -17.3k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 4.5m $48.8m | Added +283.6k |
| Connor, Clark & Lunn Investment Management Ltd. 0.11% of their portfolio | 4.3m $45.7m | Added +2.5m |
| VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio | 4.1m $44.1m | First filing |
| AQR CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 4.0m $42.1m | Added +2.1m |
| Bank of New York Mellon Corp 0.01% of their portfolio | 3.9m $42.2m | Reduced -120.0k |
| BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio | 3.9m $41.8m | Added +2.3m |
| Invesco Ltd. 0.00% of their portfolio | 3.7m $40.1m | Added +385.8k |
| FIRST TRUST ADVISORS LP 0.03% of their portfolio | 3.4m $36.7m | Added +1.3m |
| HRT FINANCIAL LP 0.13% of their portfolio | 3.3m $35.4m | New |
| LSV ASSET MANAGEMENT 0.07% of their portfolio | 3.0m $32.3m | Added +163.9k |
| HENNESSY ADVISORS INC 1.09% of their portfolio | 2.8m $30.2m | Reduced -293.8k |
| FEDERATED HERMES, INC. 0.05% of their portfolio | 2.6m $28.4m | Reduced -27.3k |
| BW Gestao de Investimentos Ltda. 1.18% of their portfolio | 2.5m $26.5m | Added +1.9m |
| Orbis Allan Gray Ltd 0.10% of their portfolio | 2.2m $23.6m | New |
| Jump Financial, LLC 0.34% of their portfolio | 2.2m $23.3m | New |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 2.2m $23.3m | Added +608.0k |
| Nuveen, LLC 0.01% of their portfolio | 2.0m $21.9m | Added +238.7k |
| CITIGROUP INC 0.01% of their portfolio | 1.9m $20.9m | Added +1.2m |
| TUDOR INVESTMENT CORP ET AL 0.11% of their portfolio | 1.9m $20.6m | Added +1.9m |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 1.7m $18.2m | Added +12.2k |
| SEI INVESTMENTS CO 0.02% of their portfolio | 1.6m $17.0m | Reduced -3.3k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 1.5m $15.8m | Added +54.2k |
| SG Americas Securities, LLC 0.02% of their portfolio | 1.4m $15.2m | Reduced -214.9k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.3m $13.5m | Added +173.0k |
| JUPITER ASSET MANAGEMENT LTD 0.07% of their portfolio | 1.3m $14.0m | New |
| California Public Employees Retirement System 0.01% of their portfolio | 1.3m $13.5m | Added +38.8k |
| PAR CAPITAL MANAGEMENT INC 0.39% of their portfolio | 1.2m $13.4m | Unchanged |
| OCCUDO QUANTITATIVE STRATEGIES LP 0.79% of their portfolio | 1.2m $14.5m | Added +1.2m |
| GROUP ONE TRADING LLC 0.42% of their portfolio | 1.2m $12.7m | Added +670.0k |
| Rockefeller Capital Management L.P. 0.02% of their portfolio | 1.1m $11.7m | Added +136.2k |
| Qube Research & Technologies Ltd 0.02% of their portfolio | 1.1m $11.6m | New |
| Retirement Systems of Alabama 0.04% of their portfolio | 1.1m $11.4m | Added +17.3k |
| CREDIT AGRICOLE S A 0.04% of their portfolio | 1.0m $11.2m | Added +445.5k |
| CIBC WORLD MARKET INC. 0.02% of their portfolio | 1.0m $10.9m | Added +386.6k |
| PEAK6 LLC 0.31% of their portfolio | 983.4k $10.6m | Reduced -45.2k |
| Parallax Volatility Advisers, L.P. 0.51% of their portfolio | 976.4k $11.5m | Added +74.3k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio | 962.5k $10.3m | Added +44.9k |
| Quadrature Capital Ltd 0.12% of their portfolio | 946.8k $10.2m | Reduced -1.0m |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 937.9k $10.1m | Added +792.8k |
| Cerity Partners LLC 0.01% of their portfolio | 937.9k $10.1m | Added +899.5k |
| LPL Financial LLC 0.00% of their portfolio | 915.2k $9.8m | Added +542.6k |
| Hosking Partners LLP 0.35% of their portfolio | 908.6k $9.8m | Reduced -350.7k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 892.9k $13.7m | Reduced -63.4k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 851.9k $8.9m | Reduced -270.9k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.01% of their portfolio | 808.0k $8.7m | New |
| NOMURA HOLDINGS INC 0.06% of their portfolio | 689.4k $7.4m | Added +555.2k |
| XTX Topco Ltd 0.12% of their portfolio | 661.9k $7.1m | New |
| Leonteq Securities AG 0.42% of their portfolio | 652.3k $7.0m | Added +111.1k |
| Mountain Hill Investment Partners Corp. 4.10% of their portfolio | 645.4k $6.9m | Added +642.4k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 639.5k $6.9m | Added +436.1k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 600.2k $6.4m | Added +54.2k |
| Entropy Technologies, LP 0.30% of their portfolio | 598.0k $6.4m | New |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 590.5k $6.3m | Added +2.6k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 587.0k $6.3m | Reduced -84.6k |
| Quantinno Capital Management LP 0.01% of their portfolio | 573.2k $6.2m | Reduced -229.9k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 547.3k $5.9m | Unchanged |
| Centiva Capital, LP 0.26% of their portfolio | 529.6k $5.7m | Added +176.1k |
| IMC-Chicago, LLC 0.08% of their portfolio | 521.3k $5.6m | Added +291.3k |
| Legal & General Group Plc 0.00% of their portfolio | 516.2k $5.5m | Reduced -19.6k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 493.5k $5.3m | Reduced -5.3m |
| KWMG, LLC 0.44% of their portfolio | 486.4k $5.2m | Added +22.2k |
| ExodusPoint Capital Management, LP 0.05% of their portfolio | 478.3k $5.1m | Added +429.8k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 467.5k $5.0m | Reduced -343.7k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.00% of their portfolio | 467.4k $5.0m | Reduced -117.0k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 458.9k $4.9m | Reduced -11.2k |
| Marex Group Ltd 0.05% of their portfolio | 453.5k $4.9m | Added +248.0k |
| Bridgewater Associates, LP 0.02% of their portfolio | 446.6k $4.8m | New |
| Havemeyer Place LP 0.54% of their portfolio | 432.1k $4.6m | New |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 426.1k $4.6m | First filing |
| Clear Street Group Inc. 0.03% of their portfolio | 424.0k $4.6m | Added +300.3k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 417.3k $4.5m | Added +77.9k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 327.4k $3.5m | Added +60.8k |
| MetLife Investment Management, LLC 0.02% of their portfolio | 326.5k $3.5m | Reduced -244.8k |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 325.7k $3.5m | Added +6.9k |
| Swiss National Bank 0.00% of their portfolio | 325.2k $3.5m | Unchanged |
| Graham Capital Management, L.P. 0.11% of their portfolio | 309.5k $3.3m | Added +235.1k |
| State of Tennessee, Department of Treasury 0.01% of their portfolio | 308.9k $3.3m | Unchanged |
| BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.02% of their portfolio | 305.2k $3.2m | Added +265.3k |
| Campbell & CO Investment Adviser LLC 0.19% of their portfolio | 302.6k $3.3m | New |