Vault-13

AMERICAN EQTY INVT LIFE HLD AEL

COM · Common Stock · CUSIP 025676206

258 institutional holders -16 vs Q4 2022
79,162,00779.2m shares reported held*
$2.9bnreported value*
30 new 83 added 107 reduced 45 sold out net sold ≈ $116.9m (-3.1m 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 ($1.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $36.37. Options: 6 managers hold calls ($466.9k notional), 7 hold puts ($4.7m).

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 254Q4 22: 274Q1 23: 258258Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 2022254
Q4 2022274
Q1 2023258

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q4 22: 121 bought or addedQ4 22: 133 cut or sold outQ4 22Q1 23: 113 bought or addedQ1 23: 152 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022121133
Q1 2023113152

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$5m$10m$15mQ3 22 calls: $0Q3 22 puts: $3.0kQ3 22P/C —Q4 22 calls: $2.8mQ4 22 puts: $12.7mQ4 22P/C 4.51Q1 23 calls: $466.9kQ1 23 puts: $4.7mQ1 23P/C 10.15
Numbers
QuarterCallsPutsP/C
Q3 2022$0$3.0k—
Q4 2022$2.8m$12.7m4.51
Q1 2023$466.9k$4.7m10.15

Biggest buyers

Brandywine Global Investment Management, LLC Added +266,968+267.0k
ENVESTNET ASSET MANAGEMENT INC Added +263,893+263.9k
AMERICAN CENTURY COMPANIES INC Added +243,593+243.6k
MARSHALL WACE, LLP Added +235,710+235.7k
PZENA INVESTMENT MANAGEMENT LLC Added +219,973+220.0k
MILLENNIUM MANAGEMENT LLC Added +209,040+209.0k
JACOBS LEVY EQUITY MANAGEMENT, INC Added +145,660+145.7k
GOLDMAN SACHS GROUP INC Added +130,455+130.5k
D. E. Shaw & Co., Inc. Added +112,887+112.9k
Tidal Investments LLC Added +97,302+97.3k

Biggest sellers

BARCLAYS PLC Reduced -1,747,733-1.7m
MACQUARIE GROUP LTD Reduced -552,006-552.0k
MORGAN STANLEY Reduced -442,575-442.6k
VANGUARD GROUP INC Reduced -336,058-336.1k
Invesco Ltd. Reduced -329,298-329.3k
DIMENSIONAL FUND ADVISORS LP Reduced -304,123-304.1k
River Road Asset Management, LLC Reduced -282,052-282.1k
Segantii Capital Management Ltd Reduced -250,916-250.9k
Clearbridge Investments, LLC Reduced -247,189-247.2k
BlackRock Inc. Reduced -184,856-184.9k

Biggest calls

WOLVERINE TRADING, LLC Added $292.0k8.1k shares
CITADEL ADVISORS LLC Added $142.3k3.9k shares
GROUP ONE TRADING LLC Added $18.2k500 shares
Parallax Volatility Advisers, L.P. New $7.3k200 shares
SIMPLEX TRADING, LLC New $7.0k200 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

PEAK6 Investments LLC New $1.8m48.2k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $1.3m36.2k shares
CITADEL ADVISORS LLC Added $664.1k18.2k shares
GROUP ONE TRADING LLC Reduced $529.1k14.5k shares
Parallax Volatility Advisers, L.P. Reduced $273.7k7.5k shares
SIMPLEX TRADING, LLC Added $193.0k5.3k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 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.

Holders, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Brookfield Corp /ON/ 2.27% of their portfolio TORONTO, A6 15,886,16315.9m $579.7m $579.7m 2.27% Unchanged
2 BlackRock Inc. 0.01% of their portfolio New York, NY 11,300,02111.3m $412.3m $412.3m 0.01% Reduced -184.9k -184,856
3 VANGUARD GROUP INC 0.01% of their portfolio Valley Forge, PA 9,520,9409.5m $347.4m $347.4m 0.01% Reduced -336.1k -336,058
4 DIMENSIONAL FUND ADVISORS LP 0.08% of their portfolio AUSTIN, TX 6,701,3746.7m $244.5m $244.5m 0.08% Reduced -304.1k -304,123
5 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 2,910,5392.9m $106.2m $106.2m 0.01% Added +51.5k +51,492
6 Clearbridge Investments, LLC 0.09% of their portfolio NEW YORK, NY 2,443,7562.4m $89.2m $89.2m 0.09% Reduced -247.2k -247,189
7 MACQUARIE GROUP LTD 0.09% of their portfolio Sydney, NSW 2000, C3 2,135,7392.1m $77.9m $77.9m 0.09% Reduced -552.0k -552,006
8 GOLDMAN SACHS GROUP INC 0.02% of their portfolio NEW YORK, NY 1,832,1061.8m $66.9m $66.9m 0.02% Added +130.5k +130,455
9 River Road Asset Management, LLC 0.85% of their portfolio LOUISVILLE, KY 1,705,7101.7m $62.2m $62.2m 0.85% Reduced -282.1k -282,052
10 GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BOSTON, MA 1,440,7081.4m $52.6m $52.6m 0.01% Added +72.6k +72,598
11 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 1,387,1521.4m $50.6m $50.6m 0.01% Reduced -329.3k -329,298
12 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 1,320,5001.3m $48.2m $48.2m 0.01% Reduced -29.8k -29,755
13 PZENA INVESTMENT MANAGEMENT LLC 0.19% of their portfolio NEW YORK, NY 1,217,0421.2m $44.4m $44.4m 0.19% Added +220.0k +219,973
14 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 1,057,4011.1m $38.6m $38.6m 0.01% Added +20.3k +20,334
15 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 964,508964.5k $35.2m $35.2m 0.00% Reduced -442.6k -442,575
16 JACOBS LEVY EQUITY MANAGEMENT, INC 0.20% of their portfolio FLORHAM PARK, NJ 916,480916.5k $33.4m $33.4m 0.20% Added +145.7k +145,660
17 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 861,366861.4k $31.4m $31.4m 0.01% Reduced -26.1k -26,051
18 NORGES BANK 0.01% of their portfolio OSLO, Q8 790,028790.0k $28.8m $28.8m 0.01% Added +21.6k +21,574
19 Aberdeen Group plc 0.07% of their portfolio EDINBURGH, X0 737,944737.9k $26.9m $26.9m 0.07% Reduced -71.9k -71,884
20 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 548,037548.0k $20.0m $20.0m 0.01% Added +46.5k +46,490
21 Nuveen Asset Management, LLC 0.01% of their portfolio CHICAGO, IL 513,126513.1k $18.7m $18.7m 0.01% Added +64.5k +64,473
22 KENNEDY CAPITAL MANAGEMENT LLC 0.50% of their portfolio ST LOUIS, MO 465,019465.0k $17.0m $17.0m 0.50% Added +42.6k +42,572
23 Brandywine Global Investment Management, LLC 0.07% of their portfolio PHILADELPHIA, PA 458,012458.0k $16.7m $16.7m 0.07% Added +267.0k +266,968
24 PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio DES MOINES, IA 449,684449.7k $16.4m $16.4m 0.01% Reduced -10.7k -10,739
25 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 426,869426.9k $15.6m $15.6m 0.00% Added +12.9k +12,950
26 LSV ASSET MANAGEMENT 0.03% of their portfolio CHICAGO, IL 397,000397.0k $14.5m $14.5m 0.03% Added +3.3k +3,318
27 Bragg Financial Advisors, Inc 0.82% of their portfolio CHARLOTTE, NC 380,708380.7k $13.9m $13.9m 0.82% Reduced -148.4k -148,359
28 WEST BANCORPORATION INC 10.43% of their portfolio WEST DES MOINES, IA 375,341375.3k $13.7m $13.7m 10.43% Reduced -3.5k -3,506
29 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 342,360342.4k $12.5m $12.5m 0.01% Added +209.0k +209,040
30 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 321,742321.7k $11.7m $11.7m 0.00% Reduced -85.4k -85,427
31 EASTERLY INVESTMENT PARTNERS LLC 1.00% of their portfolio BEVERLY, MA 311,155311.2k $11.4m $11.4m 1.00% Reduced -12.5k -12,542
32 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 300,922300.9k $1.0m $1.0m 0.00% Added +263.9k +263,893
33 D. E. Shaw & Co., Inc. 0.02% of their portfolio New York, NY 287,754287.8k $10.5m $10.5m 0.02% Added +112.9k +112,887
34 AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio KANSAS CITY, MO 285,982286.0k $10.4m $10.4m 0.01% Added +243.6k +243,593
35 CHARTWELL INVESTMENT PARTNERS, LLC 0.38% of their portfolio BERYWN, PA 277,441277.4k $10.1m $10.1m 0.38% Reduced -6.8k -6,785
36 HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.04% of their portfolio Los Angeles, CA 256,664256.7k $9.4m $9.4m 0.04% Added +12.2k +12,160
37 MARSHALL WACE, LLP 0.02% of their portfolio LONDON, X0 247,610247.6k $9.0m $9.0m 0.02% Added +235.7k +235,710
38 Russell Investments Group, Ltd. 0.02% of their portfolio Seattle, WA 241,147241.1k $8.8m $8.8m 0.02% Added +68.1k +68,108
39 RHUMBLINE ADVISERS 0.01% of their portfolio BOSTON, MA 236,971237.0k $8.6m $8.6m 0.01% Added +4.4k +4,412
40 Allspring Global Investments Holdings, LLC 0.01% of their portfolio CHARLOTTE, NC 206,782206.8k $7.5m $7.5m 0.01% Reduced -16.0k -15,960
41 Legal & General Group Plc 0.00% of their portfolio London, X0 205,373205.4k $7.5m $7.5m 0.00% Reduced -5.0k -5,049
42 FEDERATED HERMES, INC. 0.02% of their portfolio PITTSBURGH, PA 193,706193.7k $7.1m $7.1m 0.02% Added +66.5k +66,518
43 RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio ST PETERSBURG, FL 183,065183.1k $6.7m $6.7m 0.01% Reduced -67.5k -67,494
44 FIRST TRUST ADVISORS LP 0.01% of their portfolio Wheaton, IL 171,929171.9k $6.3m $6.3m 0.01% Reduced -16.8k -16,806
45 Gilbert & Cook, Inc. 0.99% of their portfolio WEST DES MOINES, IA 157,902157.9k $5.8m $5.8m 0.99% Added +58 +58
46 Swiss National Bank 0.00% of their portfolio ZURICH, V8 157,300157.3k $5.7m $5.7m 0.00% Reduced -22.6k -22,600
47 ICON ADVISERS INC/CO 1.29% of their portfolio GREENWOOD VILLAGE, CO 138,800138.8k $5.1m $5.1m 1.29% Unchanged
48 PRUDENTIAL FINANCIAL INC 0.01% of their portfolio NEWARK, NJ 135,635135.6k $4.9m $4.9m 0.01% Reduced -4.5k -4,504
49 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 126,888126.9k $4.6m $4.6m 0.00% Reduced -7.5k -7,498
50 Public Sector Pension Investment Board 0.03% of their portfolio MONTREAL, A8 122,092122.1k $4.5m $4.5m 0.03% Reduced -4.2k -4,200
51 Thrivent Financial for Lutherans 0.01% of their portfolio Minneapolis, MN 121,317121.3k $4.4m $4.4m 0.01% Added +50.1k +50,111
52 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 120,475120.5k $4.4m $4.4m 0.00% Added +90.5k +90,516
53 MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.05% of their portfolio New York, NY 116,733116.7k $4.3m $4.3m 0.05% Reduced -3.5k -3,467
54 HRT FINANCIAL LP 0.05% of their portfolio NEW YORK, NY 115,318115.3k $4.2m $4.2m 0.05% Added +71.4k +71,369
55 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 112,411112.4k $4.1m $4.1m 0.00% Added +47 +47
56 Allianz Asset Management GmbH 0.01% of their portfolio MUNICH, 2M 108,208108.2k $3.9m $3.9m 0.01% Added +5.3k +5,275
57 Tidal Investments LLC 0.07% of their portfolio Milwaukee, WI 104,794104.8k $3.8m $3.8m 0.07% Added +97.3k +97,302
58 BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.10% of their portfolio HOUSTON, TX 99,70099.7k $3.6m $3.6m 0.10% Reduced -2.0k -2,000
59 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 93,47193.5k $3.4m $3.4m 0.00% Reduced -17.1k -17,145
60 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 91,49991.5k $3.3m $3.3m 0.00% Added +55.5k +55,481
61 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 91,02091.0k $3.3m $3.3m 0.00% New
62 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 90,34290.3k $3.3m $3.3m 0.00% Reduced -2.7k -2,742
63 Segantii Capital Management Ltd 0.15% of their portfolio HONG KONG, K3 90,00090.0k $3.3m $3.3m 0.15% Reduced -250.9k -250,916
64 GREAT LAKES ADVISORS, LLC 0.03% of their portfolio CHICAGO, IL 88,81888.8k $3.2m $3.2m 0.03% Reduced -139.9k -139,938
65 SG Americas Securities, LLC 0.04% of their portfolio NEW YORK, NY 86,64086.6k $3.2m $3.2m 0.04% Added +83.2k +83,248
66 Profit Investment Management, LLC 2.01% of their portfolio NORTH BETHESDA, MD 83,57283.6k $3.0m $3.0m 2.01% Unchanged
67 THOMPSON SIEGEL & WALMSLEY LLC 0.05% of their portfolio RICHMOND, VA 79,81579.8k $2.9m $2.9m 0.05% Reduced -125.5k -125,546
68 AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio Greenwich, CT 75,37375.4k $2.8m $2.8m 0.01% Added +24.9k +24,890
69 COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.02% of their portfolio HARRISBURG, PA 73,50273.5k $2.7m $2.7m 0.02% Reduced -792 -792
70 ALGERT GLOBAL LLC 0.13% of their portfolio SAN FRANCISCO, CA 73,37873.4k $2.7m $2.7m 0.13% Added +27.0k +26,965
71 ROYCE & ASSOCIATES LP 0.03% of their portfolio New York, NY 70,90170.9k $2.6m $2.6m 0.03% Added +26.8k +26,818
72 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 70,08770.1k $2.6m $2.6m 0.00% Reduced -9.3k -9,325
73 DENALI ADVISORS LLC 1.05% of their portfolio SAN DIEGO, CA 68,99769.0k $2.5m $2.5m 1.05% Added +3.3k +3,325
74 CANADA LIFE ASSURANCE Co 0.01% of their portfolio WINNIPEG, A2 68,43968.4k $2.5m $2.5m 0.01% Reduced -4.7k -4,680
75 TEXAS PERMANENT SCHOOL FUND CORP 0.02% of their portfolio AUSTIN, TX 64,18164.2k $2.3m $2.3m 0.02% Added +18.6k +18,597
76 South Dakota Investment Council 0.05% of their portfolio SIOUX FALLS, SD 62,68362.7k $2.3m $2.3m 0.05% Unchanged
77 UBS Group AG 0.00% of their portfolio ZURICH, V8 62,37362.4k $2.3m $2.3m 0.00% Added +14.7k +14,722
78 Knights of Columbus Asset Advisors LLC 0.22% of their portfolio NEW HAVEN, CT 61,83661.8k $2.3m $2.3m 0.22% Added +472 +472
79 STRS OHIO 0.00% of their portfolio COLUMBUS, OH 57,80057.8k $2.1m $2.1m 0.00% Added +30.2k +30,200
80 State of New Jersey Common Pension Fund D 0.01% of their portfolio TRENTON, NJ 56,66356.7k $2.1m $2.1m 0.01% Reduced -3.7k -3,739
81 Assenagon Asset Management S.A. 0.01% of their portfolio SENNINGERBERG, N4 54,91354.9k $2.0m $2.0m 0.01% New
82 TD Asset Management Inc 0.00% of their portfolio Toronto, A6 54,80054.8k $2.0m $2.0m 0.00% Added +4.4k +4,400
83 State of Tennessee, Department of Treasury 0.01% of their portfolio NASHVILLE, TN 54,19254.2k $2.0m $2.0m 0.01% Reduced -18.7k -18,671
84 Candriam S.C.A. 0.01% of their portfolio STRASSEN, N4 52,89552.9k $1.8m $1.8m 0.01% New
85 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.01% of their portfolio COLUMBUS, OH 51,43351.4k $1.9m $1.9m 0.01% Reduced -36 -36
86 NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio ALBANY, NY 50,66550.7k $1.8m $1.8m 0.00% Reduced -1.9k -1,873
87 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 50,06650.1k $1.8m $1.8m 0.00% Added +24.5k +24,525
88 CONGRESS ASSET MANAGEMENT CO 0.02% of their portfolio BOSTON, MA 49,96450.0k $1.8m $1.8m 0.02% Added +5.0k +4,998
89 VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio ATLANTA, GA 47,86947.9k $1.7m $1.7m 0.00% Reduced -11.1k -11,111
90 State of Alaska, Department of Revenue 0.02% of their portfolio JUNEAU, AK 47,55047.5k $1.7m $1.7m 0.02% Reduced -789 -789
91 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 45,95846.0k $1.7m $1.7m 0.00% Reduced -1.7m -1,747,733
92 Linden Thomas Advisory Services, LLC 0.39% of their portfolio Charlotte, NC 42,58842.6k $1.6m $1.6m 0.39% Added +2.8k +2,836
93 WINTON GROUP Ltd 0.09% of their portfolio LONDON, X0 41,59441.6k $1.5m $1.5m 0.09% Reduced -5.2k -5,225
94 TEACHER RETIREMENT SYSTEM OF TEXAS 0.01% of their portfolio AUSTIN, TX 41,32241.3k $1.5m $1.5m 0.01% Added +14.2k +14,179
95 Steward Partners Investment Advisory, LLC 0.02% of their portfolio STAMFORD, CT 40,60040.6k $1.5m $1.5m 0.02% Unchanged
96 FMR LLC 0.00% of their portfolio BOSTON, MA 39,64039.6k $1.4m $1.4m 0.00% Added +19.7k +19,655
97 YOUSIF CAPITAL MANAGEMENT, LLC 0.02% of their portfolio BLOOMFIELD HILLS, MI 39,04239.0k $1.4m $1.4m 0.02% Reduced -5.0k -5,015
98 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 38,60338.6k $1.4m $1.4m 0.00% Reduced -9.5k -9,498
99 AMERICAN INTERNATIONAL GROUP, INC. 0.01% of their portfolio New York, NY 38,57138.6k $1.4m $1.4m 0.01% Added +184 +184
100 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 37,71437.7k $1.4m $1.4m 0.00% Added +7.6k +7,605