Vault-13

AMERICAN AIRLINES GROUP INC AAL 6.5 07.01.25

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

70 institutional holders -5 vs Q1 2024
29,298,33329.3m shares reported held*
$1.0bnreported value*
9 new 20 added 27 reduced 13 sold out net bought ≈ $24.9m (-246.8k 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 ($2.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $35.08.

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 67Q4 22: 73Q1 23: 74Q2 23: 74Q3 23: 76Q4 23: 73Q1 24: 75Q2 24: 7070Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 202267
Q4 202273
Q1 202374
Q2 202374
Q3 202376
Q4 202373
Q1 202475
Q2 202470

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 outQ2 23: 24 bought or addedQ2 23: 32 cut or sold outQ2 23Q3 23: 33 bought or addedQ3 23: 34 cut or sold outQ4 23: 34 bought or addedQ4 23: 34 cut or sold outQ4 23Q1 24: 34 bought or addedQ1 24: 31 cut or sold outQ2 24: 29 bought or addedQ2 24: 40 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 20223620
Q1 20233334
Q2 20232432
Q3 20233334
Q4 20233434
Q1 20243431
Q2 20242940

Biggest buyers

VOYA INVESTMENT MANAGEMENT LLC Added +71,500,000+71.5m
SONA ASSET MANAGEMENT (US) LLC Added +21,750,000+21.8m
Balyasny Asset Management L.P. New +20,000,000+20.0m
ZAZOVE ASSOCIATES LLC Added +17,350,000+17.4m
TENOR CAPITAL MANAGEMENT Co., L.P. New +12,000,000+12.0m
Man Group plc Added +10,032,000+10.0m
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND New +10,000,000+10.0m
SHENKMAN CAPITAL MANAGEMENT INC New +9,600,000+9.6m
CAMDEN ASSET MANAGEMENT L P /CA Added +8,800,000+8.8m
Walleye Capital LLC Added +4,513,000+4.5m

Biggest sellers

ADVENT CAPITAL MANAGEMENT /DE/ Reduced -20,827,000-20.8m
Magnetar Financial LLC Sold out -20,500,000-20.5m
Centiva Capital, LP Sold out -20,000,000-20.0m
Portman Square Capital LLP Reduced -16,600,000-16.6m
HIGHBRIDGE CAPITAL MANAGEMENT LLC Reduced -15,000,000-15.0m
ROYAL BANK OF CANADA Reduced -14,982,000-15.0m
WHITEBOX ADVISORS LLC Reduced -13,000,000-13.0m
JPMORGAN CHASE & CO Reduced -12,164,000-12.2m
SCHRODER INVESTMENT MANAGEMENT GROUP Sold out -9,400,000-9.4m
TWO SIGMA INVESTMENTS, LP Reduced -9,000,000-9.0m

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VOYA INVESTMENT MANAGEMENT LLC 0.11% of their portfolio ATLANTA, GA 110,950,000111.0m $115.0m $115.0m 0.11% Added +71.5m +71,500,000
2 WHITEBOX ADVISORS LLC 3.60% of their portfolio MINNEAPOLIS, MN 86,470,00086.5m $89.4m $89.4m 3.60% Reduced -13.0m -13,000,000
3 CAMDEN ASSET MANAGEMENT L P /CA 2.62% of their portfolio Los Angeles, CA 83,784,00083.8m $86.6m $86.6m 2.62% Added +8.8m +8,800,000
4 HIGHBRIDGE CAPITAL MANAGEMENT LLC 3.18% of their portfolio NEW YORK, NY 75,000,00075.0m $77.7m $77.7m 3.18% Reduced -15.0m -15,000,000
5 CSS LLC/IL 4.37% of their portfolio CHICAGO, IL 57,316,00057.3m $59.4m $59.4m 4.37% Added +3.5m +3,526,000
6 LAZARD ASSET MANAGEMENT LLC 0.07% of their portfolio NEW YORK, NY 55,438,00055.4m $57.5m $57.5m 0.07% Added +2.5m +2,500,000
7 SONA ASSET MANAGEMENT (US) LLC 3.52% of their portfolio NEW YORK, NY 41,750,00041.8m $43.2m $43.2m 3.52% Added +21.8m +21,750,000
8 ADVENT CAPITAL MANAGEMENT /DE/ 1.01% of their portfolio NEW YORK, NY 40,171,00040.2m $41.6m $41.6m 1.01% Reduced -20.8m -20,827,000
9 TWO SIGMA INVESTMENTS, LP 0.08% of their portfolio NEW YORK, NY 31,500,00031.5m $32.6m $32.6m 0.08% Reduced -9.0m -9,000,000
10 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.03% of their portfolio Toronto, A6 30,945,00030.9m $33.1m $33.1m 0.03% Added +970.0k +970,000
11 Man Group plc 0.08% of their portfolio LONDON, X0 29,192,00029.2m $30.2m $30.2m 0.08% Added +10.0m +10,032,000
12 Portman Square Capital LLP 9.22% of their portfolio London, X0 26,440,00026.4m $27.4m $27.4m 9.22% Reduced -16.6m -16,600,000
13 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 21,702,00021.7m $23.2m $23.2m 0.00% Added +200.0k +200,000
14 ZAZOVE ASSOCIATES LLC 1.28% of their portfolio INCLINE VILLAGE, NV 21,350,00021.4m $22.1m $22.1m 1.28% Added +17.4m +17,350,000
15 Balyasny Asset Management L.P. 0.05% of their portfolio Chicago, IL 20,000,00020.0m $20.7m $20.7m 0.05% New
16 ANGELO GORDON & CO., L.P. 8.00% of their portfolio NEW YORK, NY 19,000,00019.0m $19.6m $19.6m 8.00% Added +4.0m +4,000,000
17 Calamos Advisors LLC 0.09% of their portfolio NAPERVILLE, IL 18,194,00018.2m $18.8m $18.8m 0.09% Reduced -7.3m -7,267,000
18 MacKay Shields LLC 0.45% of their portfolio New York, NY 14,210,00014.2m $14.7m $14.7m 0.45% Reduced -40.0k -40,000
19 FMR LLC 0.00% of their portfolio BOSTON, MA 13,342,00013.3m $13.8m $13.8m 0.00% Reduced -650.0k -650,000
20 Walleye Capital LLC 0.14% of their portfolio NEW YORK, NY 12,513,00012.5m $13.0m $13.0m 0.14% Added +4.5m +4,513,000
21 TENOR CAPITAL MANAGEMENT Co., L.P. 0.20% of their portfolio NEW YORK, NY 12,000,00012.0m $12.8m $12.8m 0.20% New
22 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 11,000,00011.0m $11.4m $11.4m 0.01% Unchanged
23 Lombard Odier Asset Management (Europe) Ltd 0.54% of their portfolio LONDON, X0 10,605,00010.6m $11.0m $11.0m 0.54% Reduced -1.3m -1,265,000
24 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.03% of their portfolio TORONTO, A6 10,000,00010.0m $10.4m $10.4m 0.03% New
25 SHENKMAN CAPITAL MANAGEMENT INC 0.89% of their portfolio NEW YORK, NY 9,600,0009.6m $10.4m $10.4m 0.89% New
26 AQR Arbitrage LLC 0.26% of their portfolio Greenwich, CT 9,570,0009.6m $9.9m $9.9m 0.26% Unchanged
27 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 9,190,0009.2m $9.5m $9.5m 0.00% Reduced -6.7m -6,700,000
28 Skaana Management L.P. 3.45% of their portfolio BROOKLYN, NY 8,775,0008.8m $9.1m $9.1m 3.45% Added +3.8m +3,775,000
29 SSI INVESTMENT MANAGEMENT LLC 0.69% of their portfolio Los Angeles, CA 8,680,0008.7m $9.0m $9.0m 0.69% Added +387.0k +387,000
30 BlackRock Inc. 0.00% of their portfolio New York, NY 8,310,0008.3m $8.6m $8.6m 0.00% Unchanged
31 Fort Baker Capital Management LP 1.05% of their portfolio Larkspur, CA 8,278,0008.3m $8.8m $8.8m 1.05% Added +2.0m +2,000,000
32 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 7,991,0008.0m $8.3m $8.3m 0.00% Reduced -250.0k -250,000
33 RWC Asset Management LLP 0.53% of their portfolio LONDON, X0 7,200,0007.2m $7.5m $7.5m 0.53% Unchanged
34 AXA S.A. 0.01% of their portfolio PARIS, I0 6,700,0006.7m $6.9m $6.9m 0.01% Added +3.5m +3,500,000
35 Point72 Asset Management, L.P. 0.02% of their portfolio STAMFORD, CT 6,250,0006.2m $6.5m $6.5m 0.02% Reduced -3.0m -3,000,000
36 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio Paris, I0 5,000,0005.0m $5.2m $5.2m 0.01% Reduced -1.0m -1,000,000
37 NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio ALBANY, NY 4,123,0004.1m $4.3m $4.3m 0.01% Reduced -2.1m -2,117,000
38 ARISTEIA CAPITAL, L.L.C. 0.15% of their portfolio GREENWICH, CT 4,000,0004.0m $4.1m $4.1m 0.15% New
39 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 3,227,0003.2m $3.3m $3.3m 0.00% Added +2.9m +2,922,000
40 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 2,884,0002.9m $3.0m $3.0m 0.00% Reduced -717.0k -717,000
41 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 2,732,0002.7m $2.8m $2.8m 0.00% Reduced -12.2m -12,164,000
42 Paloma Partners Management Co 0.19% of their portfolio GREENWICH, CT 2,088,0002.1m $2.2m $2.2m 0.19% Added +888.0k +888,000
43 FEDERATED HERMES, INC. 0.00% of their portfolio PITTSBURGH, PA 2,000,0002.0m $2.1m $2.1m 0.00% Unchanged
44 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 1,895,0001.9m $2.0m $2.0m 0.00% Reduced -1.6m -1,592,000
45 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 1,800,0001.8m $1.9m $1.9m 0.00% New
46 EDMOND DE ROTHSCHILD HOLDING S.A. 0.03% of their portfolio CHAMBESY, V8 1,559,0001.6m $1.6m $1.6m 0.03% Reduced -100.0k -100,000
47 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 1,393,0001.4m $1.4m $1.4m 0.00% Reduced -1.5m -1,500,000
48 BOOTHBAY FUND MANAGEMENT, LLC 0.04% of their portfolio NEW YORK, NY 1,302,0001.3m $1.3m $1.3m 0.04% Added +192.0k +192,000
49 PALISADE CAPITAL MANAGEMENT, LP 0.04% of their portfolio FORT LEE, NJ 1,279,0001.3m $1.3m $1.3m 0.04% Unchanged
50 Kohlberg Kravis Roberts & Co. L.P. 0.03% of their portfolio NEW YORK, NY 1,119,0001.1m $1.2m $1.2m 0.03% Added +389.0k +389,000
51 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 1,000,0001.0m $1.0m $1.0m 0.00% Reduced -870.0k -870,000
52 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 600,000600.0k $621.5k $621.5k 0.00% Unchanged
53 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 517,000517.0k $551.7k $551.7k 0.00% Reduced -260.0k -260,000
54 NOMURA HOLDINGS INC 0.02% of their portfolio TOKYO, M0 333,333333.3k $3.8m $3.8m 0.02% Reduced -896.8k -896,791
55 KBC Group NV 0.00% of their portfolio Brussels, C9 300,000300.0k $311.0k $311.0k 0.00% Unchanged
56 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 297,000297.0k $307.2k $307.2k 0.00% Added +186.0k +186,000
57 Central Pacific Bank - Trust Division 0.03% of their portfolio HONOLULU, HI 283,000283.0k $292.7k $292.7k 0.03% Unchanged
58 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 200,000200.0k $206.8k $206.8k 0.00% Reduced -500.0k -500,000
59 BEESE FULMER INVESTMENT MANAGEMENT, INC. 0.02% of their portfolio CANTON, OH 175,000175.0k $180.9k $180.9k 0.02% Unchanged
60 Calamos Wealth Management LLC 0.01% of their portfolio NAPERVILLE, IL 164,000164.0k $169.8k $169.8k 0.01% Reduced -294.0k -294,000
61 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 129,000129.0k $133.6k $133.6k 0.00% New
62 FIRST HAWAIIAN BANK 0.00% of their portfolio HONOLULU, HI 76,00076.0k $78.6k $78.6k 0.00% Reduced -35.0k -35,000
63 Pinnacle Holdings, LLC 0.02% of their portfolio TULSA, OK 50,00050.0k $51.7k $51.7k 0.02% New
64 Full Sail Capital, LLC 0.00% of their portfolio OKLAHOMA CITY, OK 50,00050.0k $51.7k $51.7k 0.00% Unchanged
65 Sonora Investment Management Group, LLC 0.00% of their portfolio TUCSON, AZ 50,00050.0k $58.9k $58.9k 0.00% Unchanged
66 Virtus Investment Advisers, LLC 0.03% of their portfolio HARTFORD, CT 34,00034.0k $35.2k $35.2k 0.03% Unchanged
67 SG Americas Securities, LLC 0.01% of their portfolio NEW YORK, NY 22,25022.2k $2.3m $2.3m 0.01% Reduced -170.6k -170,580
68 CHOREO, LLC 0.00% of their portfolio ROCKFORD, IL 17,00017.0k $17.4k $17.4k 0.00% New
69 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 2,0002.0k $2.0k $2.0k 0.00% Reduced -15.0m -14,982,000
70 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged