Vault-13

AMERICAN AIRLINES GROUP INC AAL 6.5 07.01.25

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

0 institutional holders -55 vs Q2 2025
—reported value*
0 new 0 added 0 reduced 54 sold out net sold ≈ $939.3m (-29.4m 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. Holder counts are more reliable.

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 67Q4 22: 73Q1 23: 74Q2 23: 74Q3 23: 76Q4 23: 73Q1 24: 75Q2 24: 70Q3 24: 64Q4 24: 72Q1 25: 61Q2 25: 55Q3 25: 00Q3 22Q2 23Q1 24Q4 24Q3 25
Numbers
QuarterHolders
Q3 202267
Q4 202273
Q1 202374
Q2 202374
Q3 202376
Q4 202373
Q1 202475
Q2 202470
Q3 202464
Q4 202472
Q1 202561
Q2 202555
Q3 20250

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q4 23: 34 bought or addedQ4 23: 34 cut or sold outQ1 24: 34 bought or addedQ1 24: 31 cut or sold outQ1 24Q2 24: 29 bought or addedQ2 24: 40 cut or sold outQ3 24: 24 bought or addedQ3 24: 32 cut or sold outQ3 24Q4 24: 29 bought or addedQ4 24: 31 cut or sold outQ1 25: 22 bought or addedQ1 25: 44 cut or sold outQ1 25Q2 25: 31 bought or addedQ2 25: 33 cut or sold outQ3 25: 0 bought or addedQ3 25: 54 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 20233434
Q1 20243431
Q2 20242940
Q3 20242432
Q4 20242931
Q1 20252244
Q2 20253133
Q3 2025054

Biggest buyers

None

Biggest sellers

VOYA INVESTMENT MANAGEMENT LLC Sold out -146,200,000-146.2m
Shaolin Capital Management LLC Sold out -118,600,000-118.6m
GLAZER CAPITAL, LLC Sold out -109,035,000-109.0m
Walleye Capital LLC Sold out -62,241,000-62.2m
SONA ASSET MANAGEMENT (US) LLC Sold out -60,246,000-60.2m
WHITEBOX ADVISORS LLC Sold out -57,486,000-57.5m
MILLENNIUM MANAGEMENT LLC Sold out -49,765,000-49.8m
MORGAN STANLEY Sold out -38,398,000-38.4m
Mint Tower Capital Management B.V. Sold out -27,500,000-27.5m
CITIGROUP INC Sold out -25,209,000-25.2m

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change