Vault-13

AMERICAN AIRLINES GROUP INC AAL 6.5 07.01.25

NOTE 6.500% 7/0 · US DOMESTIC · CUSIP 02376RAF9

75 institutional holders +2 vs Q4 2023
29,545,12429.5m shares reported held*
$1.2bnreported value*
9 new 25 added 23 reduced 8 sold out net bought ≈ $8.4m (-39.0m shares)

* 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 ($1.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $39.13.

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 67Q4 22: 73Q1 23: 74Q2 23: 74Q3 23: 76Q4 23: 73Q1 24: 7575Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 202267
Q4 202273
Q1 202374
Q2 202374
Q3 202376
Q4 202373
Q1 202475

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
40040Q4 22: 36 bought or addedQ4 22: 20 cut or sold outQ4 22Q1 23: 33 bought or addedQ1 23: 34 cut or sold outQ1 23Q2 23: 24 bought or addedQ2 23: 32 cut or sold outQ2 23Q3 23: 33 bought or addedQ3 23: 34 cut or sold outQ3 23Q4 23: 34 bought or addedQ4 23: 34 cut or sold outQ4 23Q1 24: 34 bought or addedQ1 24: 31 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 20223620
Q1 20233334
Q2 20232432
Q3 20233334
Q4 20233434
Q1 20243431

Biggest buyers

HIGHBRIDGE CAPITAL MANAGEMENT LLC Added +46,500,000+46.5m
LAZARD ASSET MANAGEMENT LLC Added +46,312,000+46.3m
VOYA INVESTMENT MANAGEMENT LLC Added +18,500,000+18.5m
AQR Arbitrage LLC New +9,570,000+9.6m
Calamos Advisors LLC Added +7,961,000+8.0m
Man Group plc Added +7,550,000+7.5m
Fort Baker Capital Management LP New +6,278,000+6.3m
Centiva Capital, LP Added +6,000,000+6.0m
BNP PARIBAS FINANCIAL MARKETS New +3,487,000+3.5m
AXA S.A. New +3,200,000+3.2m

Biggest sellers

Fort Baker Capital Management LP Sold out -33,778,000-33.8m
Sculptor Capital LP Sold out -30,014,000-30.0m
ADVENT CAPITAL MANAGEMENT /DE/ Reduced -15,883,000-15.9m
Segantii Capital Management Ltd Sold out -15,000,000-15.0m
Portman Square Capital LLP Reduced -12,800,000-12.8m
III Capital Management Sold out -10,250,000-10.2m
WOLVERINE ASSET MANAGEMENT LLC Sold out -9,800,000-9.8m
D. E. Shaw & Co., Inc. Sold out -6,570,000-6.6m
Magnetar Financial LLC Reduced -5,000,000-5.0m
WHITEBOX ADVISORS LLC Reduced -4,500,000-4.5m

Holders, Q1 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 WHITEBOX ADVISORS LLC 4.38% of their portfolio MINNEAPOLIS, MN 99,470,00099.5m $115.3m $115.3m 4.38% Reduced -4.5m -4,500,000
2 HIGHBRIDGE CAPITAL MANAGEMENT LLC 4.48% of their portfolio NEW YORK, NY 90,000,00090.0m $104.6m $104.6m 4.48% Added +46.5m +46,500,000
3 CAMDEN ASSET MANAGEMENT L P /CA 3.16% of their portfolio Los Angeles, CA 74,984,00075.0m $86.9m $86.9m 3.16% Reduced -1.6m -1,600,000
4 ADVENT CAPITAL MANAGEMENT /DE/ 1.83% of their portfolio NEW YORK, NY 60,998,00061.0m $71.9m $71.9m 1.83% Reduced -15.9m -15,883,000
5 CSS LLC/IL 5.07% of their portfolio CHICAGO, IL 53,790,00053.8m $62.6m $62.6m 5.07% Unchanged
6 LAZARD ASSET MANAGEMENT LLC 0.07% of their portfolio NEW YORK, NY 52,938,00052.9m $61.5m $61.5m 0.07% Added +46.3m +46,312,000
7 Portman Square Capital LLP 11.36% of their portfolio London, X0 43,040,00043.0m $50.0m $50.0m 11.36% Reduced -12.8m -12,800,000
8 TWO SIGMA INVESTMENTS, LP 0.12% of their portfolio NEW YORK, NY 40,500,00040.5m $46.9m $46.9m 0.12% Reduced -1.0m -1,000,000
9 VOYA INVESTMENT MANAGEMENT LLC 0.04% of their portfolio ATLANTA, GA 39,450,00039.5m $45.8m $45.8m 0.04% Added +18.5m +18,500,000
10 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.03% of their portfolio Toronto, A6 29,975,00030.0m $35.3m $35.3m 0.03% Reduced -590.0k -590,000
11 Calamos Advisors LLC 0.14% of their portfolio NAPERVILLE, IL 25,461,00025.5m $29.6m $29.6m 0.14% Added +8.0m +7,961,000
12 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 21,502,00021.5m $25.3m $25.3m 0.00% Added +330.0k +330,000
13 Magnetar Financial LLC 0.53% of their portfolio EVANSTON, IL 20,500,00020.5m $23.7m $23.7m 0.53% Reduced -5.0m -5,000,000
14 Centiva Capital, LP 1.31% of their portfolio New York, NY 20,000,00020.0m $23.2m $23.2m 1.31% Added +6.0m +6,000,000
15 SONA ASSET MANAGEMENT (US) LLC 2.02% of their portfolio NEW YORK, NY 20,000,00020.0m $23.2m $23.2m 2.02% Added +3.0m +3,000,000
16 Man Group plc 0.06% of their portfolio LONDON, X0 19,160,00019.2m $22.4m $22.4m 0.06% Added +7.5m +7,550,000
17 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 15,890,00015.9m $18.4m $18.4m 0.01% Reduced -4.0m -4,000,000
18 ANGELO GORDON & CO., L.P. 6.30% of their portfolio NEW YORK, NY 15,000,00015.0m $17.4m $17.4m 6.30% Unchanged
19 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 14,984,00015.0m $17.4m $17.4m 0.00% Added +2.1m +2,129,000
20 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 14,896,00014.9m $17.3m $17.3m 0.00% Reduced -508.0k -508,000
21 MacKay Shields LLC 0.46% of their portfolio New York, NY 14,250,00014.2m $16.6m $16.6m 0.46% Unchanged
22 FMR LLC 0.00% of their portfolio BOSTON, MA 13,992,00014.0m $16.2m $16.2m 0.00% Reduced -550.0k -550,000
23 Lombard Odier Asset Management (Europe) Ltd 0.88% of their portfolio LONDON, X0 11,870,00011.9m $13.8m $13.8m 0.88% Reduced -90.0k -90,000
24 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 11,000,00011.0m $12.8m $12.8m 0.01% Added +500.0k +500,000
25 AQR Arbitrage LLC 0.39% of their portfolio Greenwich, CT 9,570,0009.6m $11.1m $11.1m 0.39% New
26 SCHRODER INVESTMENT MANAGEMENT GROUP 0.01% of their portfolio London, X0 9,400,0009.4m $10.9m $10.9m 0.01% Unchanged
27 Point72 Asset Management, L.P. 0.03% of their portfolio STAMFORD, CT 9,250,0009.2m $10.7m $10.7m 0.03% Reduced -3.2m -3,250,000
28 BlackRock Inc. 0.00% of their portfolio New York, NY 8,310,0008.3m $9.6m $9.6m 0.00% Added +1.2m +1,200,000
29 SSI INVESTMENT MANAGEMENT LLC 0.73% of their portfolio Los Angeles, CA 8,293,0008.3m $9.6m $9.6m 0.73% Reduced -260.0k -260,000
30 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 8,241,0008.2m $9.6m $9.6m 0.00% Added +1.5m +1,500,000
31 Walleye Capital LLC 0.10% of their portfolio NEW YORK, NY 8,000,0008.0m $9.3m $9.3m 0.10% Reduced -2.0m -2,000,000
32 RWC Asset Management LLP 0.52% of their portfolio LONDON, X0 7,200,0007.2m $8.4m $8.4m 0.52% Reduced -300.0k -300,000
33 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 7,189,0007.2m $8.4m $8.4m 0.00% Added +1.6m +1,612,000
34 Fort Baker Capital Management LP 1.07% of their portfolio Larkspur, CA 6,278,0006.3m $7.4m $7.4m 1.07% New
35 NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio ALBANY, NY 6,240,0006.2m $7.2m $7.2m 0.01% Reduced -2.2m -2,202,000
36 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.02% of their portfolio Paris, I0 6,000,0006.0m $7.0m $7.0m 0.02% Unchanged
37 Skaana Management L.P. 1.59% of their portfolio BROOKLYN, NY 5,000,0005.0m $5.8m $5.8m 1.59% Reduced -1.0m -1,000,000
38 ZAZOVE ASSOCIATES LLC 0.32% of their portfolio INCLINE VILLAGE, NV 4,000,0004.0m $4.7m $4.7m 0.32% Added +2.0m +2,000,000
39 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 3,601,0003.6m $4.2m $4.2m 0.00% Added +2.5m +2,530,000
40 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 3,487,0003.5m $4.0m $4.0m 0.00% New
41 AXA S.A. 0.01% of their portfolio PARIS, I0 3,200,0003.2m $3.7m $3.7m 0.01% New
42 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 2,893,0002.9m $3.4m $3.4m 0.00% Added +2.9m +2,852,000
43 FEDERATED HERMES, INC. 0.01% of their portfolio PITTSBURGH, PA 2,000,0002.0m $2.3m $2.3m 0.01% Unchanged
44 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 1,870,0001.9m $2.2m $2.2m 0.00% Reduced -240.0k -240,000
45 OAKTREE CAPITAL MANAGEMENT LP 0.03% of their portfolio LOS ANGELES, CA 1,800,0001.8m $2.1m $2.1m 0.03% Unchanged
46 EDMOND DE ROTHSCHILD HOLDING S.A. 0.03% of their portfolio CHAMBESY, V8 1,659,0001.7m $1.9m $1.9m 0.03% Unchanged
47 JUPITER ASSET MANAGEMENT LTD 0.02% of their portfolio London, X0 1,500,0001.5m $1.7m $1.7m 0.02% Unchanged
48 PALISADE CAPITAL MANAGEMENT, LP 0.04% of their portfolio FORT LEE, NJ 1,279,0001.3m $1.5m $1.5m 0.04% Reduced -143.0k -143,000
49 NOMURA HOLDINGS INC 0.15% of their portfolio TOKYO, M0 1,230,1241.2m $18.9m $18.9m 0.15% Reduced -3.4m -3,401,790
50 Paloma Partners Management Co 0.20% of their portfolio GREENWICH, CT 1,200,0001.2m $1.4m $1.4m 0.20% Added +10.0k +10,000
51 BOOTHBAY FUND MANAGEMENT, LLC 0.04% of their portfolio NEW YORK, NY 1,110,0001.1m $1.3m $1.3m 0.04% Added +98.0k +98,000
52 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 812,000812.0k $942.8k $942.8k 0.00% New
53 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 777,000777.0k $915.7k $915.7k 0.00% Added +566.0k +566,000
54 Kohlberg Kravis Roberts & Co. L.P. 0.02% of their portfolio NEW YORK, NY 730,000730.0k $847.9k $847.9k 0.02% Unchanged
55 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 700,000700.0k $812.6k $812.6k 0.00% Added +200.0k +200,000
56 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 600,000600.0k $697.1k $697.1k 0.00% Added +180.0k +180,000
57 Jefferies Financial Group Inc. 0.01% of their portfolio NEW YORK, NY 459,000459.0k $533.5k $533.5k 0.01% Added +294.0k +294,000
58 Calamos Wealth Management LLC 0.03% of their portfolio NAPERVILLE, IL 458,000458.0k $533.0k $533.0k 0.03% New
59 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 305,000305.0k $353.5k $353.5k 0.00% Added +209.0k +209,000
60 KBC Group NV 0.00% of their portfolio Brussels, C9 300,000300.0k $353.0k $353.0k 0.00% Unchanged
61 Central Pacific Bank - Trust Division 0.04% of their portfolio HONOLULU, HI 283,000283.0k $328.6k $328.6k 0.04% First filing
62 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 200,000200.0k $231.6k $231.6k 0.00% New
63 SG Americas Securities, LLC 0.11% of their portfolio NEW YORK, NY 192,830192.8k $22.3m $22.3m 0.11% Added +145.0k +145,000
64 BEESE FULMER INVESTMENT MANAGEMENT, INC. 0.02% of their portfolio CANTON, OH 175,000175.0k $203.2k $203.2k 0.02% Unchanged
65 Amundi 0.00% of their portfolio Paris, I0 159,000159.0k $176.0k $176.0k 0.00% Reduced -1.7m -1,701,700
66 FIRST HAWAIIAN BANK 0.00% of their portfolio HONOLULU, HI 111,000111.0k $128.6k $128.6k 0.00% Unchanged
67 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 111,000111.0k $128.6k $128.6k 0.00% Added +37.0k +37,000
68 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 75,00075.0k $82.8k $82.8k 0.00% Reduced -75.0k -75,000
69 Pinnacle Holdings, LLC 0.02% of their portfolio TULSA, OK 50,00050.0k $58.1k $58.1k 0.02% New
70 Full Sail Capital, LLC 0.00% of their portfolio OKLAHOMA CITY, OK 50,00050.0k $58.0k $58.0k 0.00% Unchanged
71 Sonora Investment Management Group, LLC 0.00% of their portfolio TUCSON, AZ 50,00050.0k $58.9k $58.9k 0.00% Unchanged
72 Virtus Investment Advisers, LLC 0.03% of their portfolio HARTFORD, CT 34,00034.0k $39.4k $39.4k 0.03% New
73 Marcum Wealth, LLC 0.00% of their portfolio CLEVELAND, OH 11,00011.0k $12.7k $12.7k 0.00% Reduced -5.0k -5,000
74 Alken Asset Management Ltd 0.01% of their portfolio LONDON, X0 500500 $581 $581 0.01% Unchanged
75 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged