Vault-13

AMERICAN EQTY INVT LIFE HLD AEL

COM · Common Stock · CUSIP 025676206

259 institutional holders +1 vs Q1 2023
75,215,24075.2m shares reported held*
$3.9bnreported value*
45 new 65 added 106 reduced 45 sold out net sold ≈ $213.2m (-4.3m 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 ($1.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $52.08. Options: 9 managers hold calls ($5.1m notional), 9 hold puts ($8.1m).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 254Q4 22: 274Q1 23: 258Q2 23: 259259Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 2022254
Q4 2022274
Q1 2023258
Q2 2023259

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 23Q2 23: 110 bought or addedQ2 23: 151 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022121133
Q1 2023113152
Q2 2023110151

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 10.15Q2 23 calls: $5.1mQ2 23 puts: $8.1mQ2 23P/C 1.58
Numbers
QuarterCallsPutsP/C
Q3 2022$0$3.0k—
Q4 2022$2.8m$12.7m4.51
Q1 2023$466.9k$4.7m10.15
Q2 2023$5.1m$8.1m1.58

Biggest buyers

JANE STREET GROUP, LLC Added +582,303+582.3k
GOLDMAN SACHS GROUP INC Added +254,555+254.6k
TIG Advisors, LLC New +251,408+251.4k
Man Group plc New +219,112+219.1k
AMERICAN CENTURY COMPANIES INC Added +192,412+192.4k
D. E. Shaw & Co., Inc. Added +188,507+188.5k
Carlson Capital, L.P. New +160,000+160.0k
BANK OF MONTREAL /CAN/ Added +143,613+143.6k
Balyasny Asset Management L.P. New +137,123+137.1k
NORGES BANK Added +97,553+97.6k

Biggest sellers

MACQUARIE GROUP LTD Reduced -1,009,770-1.0m
Invesco Ltd. Reduced -998,347-998.3k
VANGUARD GROUP INC Reduced -841,304-841.3k
BlackRock Inc. Reduced -581,949-581.9k
DIMENSIONAL FUND ADVISORS LP Reduced -304,257-304.3k
Aberdeen Group plc Reduced -297,555-297.6k
ENVESTNET ASSET MANAGEMENT INC Reduced -268,392-268.4k
River Road Asset Management, LLC Reduced -237,037-237.0k
Brandywine Global Investment Management, LLC Reduced -228,849-228.8k
JACOBS LEVY EQUITY MANAGEMENT, INC Reduced -224,107-224.1k

Biggest calls

DRW Securities, LLC New $1.8m34.1k shares
CITADEL ADVISORS LLC Added $1.4m27.2k shares
JANE STREET GROUP, LLC New $839.0k16.1k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP New $479.4k9.2k shares
WOLVERINE TRADING, LLC Reduced $308.6k5.9k shares
GROUP ONE TRADING LLC Added $172.0k3.3k shares
SIMPLEX TRADING, LLC Added $125.0k2.4k shares
Belvedere Trading LLC New $15.6k300 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $3.7m70.6k shares
PEAK6 Investments LLC Reduced $1.4m27.4k shares
CITADEL ADVISORS LLC Added $1.1m20.2k shares
GROUP ONE TRADING LLC Reduced $656.6k12.6k shares
JANE STREET GROUP, LLC New $442.9k8.5k shares
WOLVERINE TRADING, LLC New $371.4k7.1k shares
SIMPLEX TRADING, LLC Reduced $265.0k5.1k shares
Belvedere Trading LLC New $203.2k3.9k 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, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Brookfield Corp /ON/ 3.28% of their portfolio TORONTO, A6 15,886,16315.9m $827.8m $827.8m 3.28% Unchanged
2 BlackRock Inc. 0.02% of their portfolio New York, NY 10,718,07210.7m $558.5m $558.5m 0.02% Reduced -581.9k -581,949
3 VANGUARD GROUP INC 0.01% of their portfolio Valley Forge, PA 8,679,6368.7m $452.3m $452.3m 0.01% Reduced -841.3k -841,304
4 DIMENSIONAL FUND ADVISORS LP 0.11% of their portfolio AUSTIN, TX 6,397,1176.4m $333.4m $333.4m 0.11% Reduced -304.3k -304,257
5 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 2,802,6392.8m $146.0m $146.0m 0.01% Reduced -107.9k -107,900
6 Clearbridge Investments, LLC 0.12% of their portfolio NEW YORK, NY 2,522,0862.5m $131.4m $131.4m 0.12% Added +78.3k +78,330
7 GOLDMAN SACHS GROUP INC 0.03% of their portfolio NEW YORK, NY 2,086,6612.1m $108.7m $108.7m 0.03% Added +254.6k +254,555
8 GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BOSTON, MA 1,502,5431.5m $78.3m $78.3m 0.01% Added +61.8k +61,835
9 River Road Asset Management, LLC 1.06% of their portfolio LOUISVILLE, KY 1,468,6731.5m $76.5m $76.5m 1.06% Reduced -237.0k -237,037
10 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 1,371,6651.4m $71.5m $71.5m 0.01% Added +51.2k +51,165
11 PZENA INVESTMENT MANAGEMENT LLC 0.26% of their portfolio NEW YORK, NY 1,165,7691.2m $60.7m $60.7m 0.26% Reduced -51.3k -51,273
12 MACQUARIE GROUP LTD 0.07% of their portfolio Sydney, NSW 2000, C3 1,125,9691.1m $58.7m $58.7m 0.07% Reduced -1.0m -1,009,770
13 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio SAN FRANCISCO, CA 1,019,8081.0m $53.1m $53.1m 0.02% Reduced -37.6k -37,593
14 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 994,328994.3k $51.8m $51.8m 0.01% Added +29.8k +29,820
15 NORGES BANK 0.01% of their portfolio OSLO, Q8 887,581887.6k $46.3m $46.3m 0.01% Added +97.6k +97,553
16 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 820,433820.4k $42.8m $42.8m 0.01% Reduced -40.9k -40,933
17 JACOBS LEVY EQUITY MANAGEMENT, INC 0.21% of their portfolio FLORHAM PARK, NJ 692,373692.4k $36.1m $36.1m 0.21% Reduced -224.1k -224,107
18 JANE STREET GROUP, LLC 0.04% of their portfolio NEW YORK, NY 599,054599.1k $31.2m $31.2m 0.04% Added +582.3k +582,303
19 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 487,038487.0k $25.4m $25.4m 0.01% Reduced -61.0k -60,999
20 AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio KANSAS CITY, MO 478,394478.4k $24.9m $24.9m 0.02% Added +192.4k +192,412
21 D. E. Shaw & Co., Inc. 0.04% of their portfolio New York, NY 476,261476.3k $24.8m $24.8m 0.04% Added +188.5k +188,507
22 Aberdeen Group plc 0.05% of their portfolio EDINBURGH, X0 440,389440.4k $22.9m $22.9m 0.05% Reduced -297.6k -297,555
23 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 418,195418.2k $21.8m $21.8m 0.00% Reduced -8.7k -8,674
24 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 388,805388.8k $20.3m $20.3m 0.01% Reduced -998.3k -998,347
25 PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio DES MOINES, IA 383,222383.2k $20.0m $20.0m 0.01% Reduced -66.5k -66,462
26 FARALLON CAPITAL MANAGEMENT, L.L.C. 0.12% of their portfolio SAN FRANCISCO, CA 383,000383.0k $20.0m $20.0m 0.12% Not comparable
27 Bragg Financial Advisors, Inc 1.08% of their portfolio CHARLOTTE, NC 378,677378.7k $19.7m $19.7m 1.08% Reduced -2.0k -2,031
28 LSV ASSET MANAGEMENT 0.04% of their portfolio CHICAGO, IL 375,700375.7k $19.6m $19.6m 0.04% Reduced -21.3k -21,300
29 WEST BANCORPORATION INC 13.14% of their portfolio WEST DES MOINES, IA 375,341375.3k $19.6m $19.6m 13.14% Unchanged
30 MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 364,405364.4k $19.0m $19.0m 0.02% Added +22.0k +22,045
31 KENNEDY CAPITAL MANAGEMENT LLC 0.44% of their portfolio ST LOUIS, MO 363,336363.3k $18.9m $18.9m 0.44% Reduced -101.7k -101,683
32 Nuveen Asset Management, LLC 0.01% of their portfolio CHICAGO, IL 343,843343.8k $17.9m $17.9m 0.01% Reduced -169.3k -169,283
33 EASTERLY INVESTMENT PARTNERS LLC 1.44% of their portfolio BEVERLY, MA 309,606309.6k $16.1m $16.1m 1.44% Reduced -1.5k -1,549
34 HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.05% of their portfolio Los Angeles, CA 265,914265.9k $13.9m $13.9m 0.05% Added +9.2k +9,250
35 TIG Advisors, LLC 0.79% of their portfolio New York, NY 251,408251.4k $13.1m $13.1m 0.79% New
36 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 248,143248.1k $12.9m $12.9m 0.00% Reduced -73.6k -73,599
37 RHUMBLINE ADVISERS 0.01% of their portfolio BOSTON, MA 237,090237.1k $12.4m $12.4m 0.01% Added +119 +119
38 FIRST TRUST ADVISORS LP 0.01% of their portfolio Wheaton, IL 234,930234.9k $12.2m $12.2m 0.01% Added +63.0k +63,001
39 Brandywine Global Investment Management, LLC 0.10% of their portfolio PHILADELPHIA, PA 229,163229.2k $11.9m $11.9m 0.10% Reduced -228.8k -228,849
40 Man Group plc 0.04% of their portfolio LONDON, X0 219,112219.1k $11.4m $11.4m 0.04% New
41 Russell Investments Group, Ltd. 0.02% of their portfolio Seattle, WA 215,345215.3k $11.2m $11.2m 0.02% Reduced -25.8k -25,802
42 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 201,823201.8k $10.5m $10.5m 0.01% Added +81.3k +81,348
43 CHARTWELL INVESTMENT PARTNERS, LLC 0.37% of their portfolio BERYWN, PA 194,743194.7k $10.1m $10.1m 0.37% Reduced -82.7k -82,698
44 Legal & General Group Plc 0.00% of their portfolio London, X0 187,569187.6k $9.8m $9.8m 0.00% Reduced -17.8k -17,804
45 Carlson Capital, L.P. 0.71% of their portfolio DALLAS, TX 160,000160.0k $8.3m $8.3m 0.71% New
46 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 154,874154.9k $8.2m $8.2m 0.00% Added +143.6k +143,613
47 Gilbert & Cook, Inc. 1.27% of their portfolio WEST DES MOINES, IA 152,040152.0k $7.9m $7.9m 1.27% Reduced -5.9k -5,862
48 RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio ST PETERSBURG, FL 152,035152.0k $7.9m $7.9m 0.01% Reduced -31.0k -31,030
49 Swiss National Bank 0.01% of their portfolio ZURICH, V8 147,600147.6k $7.7m $7.7m 0.01% Reduced -9.7k -9,700
50 Allspring Global Investments Holdings, LLC 0.01% of their portfolio CHARLOTTE, NC 140,902140.9k $7.3m $7.3m 0.01% Reduced -65.9k -65,880
51 Balyasny Asset Management L.P. 0.02% of their portfolio Chicago, IL 137,123137.1k $7.1m $7.1m 0.02% New
52 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 134,309134.3k $7.0m $7.0m 0.01% Added +95.7k +95,706
53 CREDIT SUISSE AG/ 0.01% of their portfolio ZURICH, V8 129,400129.4k $6.7m $6.7m 0.01% Added +17.0k +16,989
54 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 127,969128.0k $6.7m $6.7m 0.00% Added +82.0k +82,011
55 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 127,551127.6k $6.6m $6.6m 0.00% Added +663 +663
56 MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.07% of their portfolio New York, NY 117,134117.1k $6.1m $6.1m 0.07% Added +401 +401
57 Public Sector Pension Investment Board 0.04% of their portfolio MONTREAL, A8 112,060112.1k $5.8m $5.8m 0.04% Reduced -10.0k -10,032
58 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 111,869111.9k $5.8m $5.8m 0.01% Added +74.2k +74,155
59 BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.12% of their portfolio HOUSTON, TX 99,70099.7k $5.2m $5.2m 0.12% Unchanged
60 PRUDENTIAL FINANCIAL INC 0.01% of their portfolio NEWARK, NJ 95,67795.7k $5.0m $5.0m 0.01% Reduced -40.0k -39,958
61 DENALI ADVISORS LLC 1.70% of their portfolio SAN DIEGO, CA 92,69792.7k $4.8m $4.8m 1.70% Added +23.7k +23,700
62 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% Unchanged
63 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 88,17188.2k $4.6m $4.6m 0.00% Reduced -5.3k -5,300
64 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio WEST SACRAMENTO, CA 85,56585.6k $4.5m $4.5m 0.01% Reduced -4.8k -4,777
65 Profit Investment Management, LLC 2.83% of their portfolio NORTH BETHESDA, MD 83,57283.6k $4.4m $4.4m 2.83% Unchanged
66 HRT FINANCIAL LP 0.04% of their portfolio NEW YORK, NY 75,89775.9k $4.0m $4.0m 0.04% Reduced -39.4k -39,421
67 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 73,33573.3k $3.8m $3.8m 0.00% Added +3.2k +3,248
68 ROYCE & ASSOCIATES LP 0.04% of their portfolio New York, NY 72,93072.9k $3.8m $3.8m 0.04% Added +2.0k +2,029
69 COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.03% of their portfolio HARRISBURG, PA 71,36371.4k $3.7m $3.7m 0.03% Reduced -2.1k -2,139
70 TD Asset Management Inc 0.00% of their portfolio Toronto, A6 67,10067.1k $3.5m $3.5m 0.00% Added +12.3k +12,300
71 South Dakota Investment Council 0.07% of their portfolio SIOUX FALLS, SD 62,68362.7k $3.3m $3.3m 0.07% Unchanged
72 State of New Jersey Common Pension Fund D 0.01% of their portfolio TRENTON, NJ 60,73160.7k $3.2m $3.2m 0.01% Added +4.1k +4,068
73 Thrivent Financial for Lutherans 0.01% of their portfolio Minneapolis, MN 60,39460.4k $3.1m $3.1m 0.01% Reduced -60.9k -60,923
74 Squarepoint Ops LLC 0.02% of their portfolio NEW YORK, NY 59,06459.1k $3.1m $3.1m 0.02% Added +36.9k +36,855
75 CANADA LIFE ASSURANCE Co 0.01% of their portfolio WINNIPEG, A2 58,64058.6k $3.1m $3.1m 0.01% Reduced -9.8k -9,799
76 OMERS ADMINISTRATION Corp 0.05% of their portfolio TORONTO, A6 57,40057.4k $3.0m $3.0m 0.05% New
77 Centiva Capital, LP 0.15% of their portfolio New York, NY 55,74255.7k $2.9m $2.9m 0.15% Added +48.2k +48,242
78 ALGERT GLOBAL LLC 0.13% of their portfolio SAN FRANCISCO, CA 55,17655.2k $2.9m $2.9m 0.13% Reduced -18.2k -18,202
79 TEXAS PERMANENT SCHOOL FUND CORP 0.03% of their portfolio AUSTIN, TX 53,68053.7k $2.8m $2.8m 0.03% Reduced -10.5k -10,501
80 BARDIN HILL MANAGEMENT PARTNERS LP 0.73% of their portfolio NEW YORK, NY 53,29853.3k $2.8m $2.8m 0.73% New
81 BOOTHBAY FUND MANAGEMENT, LLC 0.08% of their portfolio NEW YORK, NY 52,13252.1k $2.7m $2.7m 0.08% Added +38.1k +38,139
82 CONGRESS ASSET MANAGEMENT CO 0.02% of their portfolio BOSTON, MA 50,62750.6k $2.6m $2.6m 0.02% Added +663 +663
83 State of Tennessee, Department of Treasury 0.01% of their portfolio NASHVILLE, TN 50,57850.6k $2.6m $2.6m 0.01% Reduced -3.6k -3,614
84 PUTNAM INVESTMENTS LLC 0.00% of their portfolio BOSTON, MA 49,40249.4k $2.6m $2.6m 0.00% Added +36.0k +35,998
85 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.01% of their portfolio COLUMBUS, OH 48,60048.6k $2.5m $2.5m 0.01% Reduced -2.8k -2,833
86 NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio ALBANY, NY 46,90646.9k $2.4m $2.4m 0.01% Reduced -3.8k -3,759
87 FEDERATED HERMES, INC. 0.01% of their portfolio PITTSBURGH, PA 46,42446.4k $2.4m $2.4m 0.01% Reduced -147.3k -147,282
88 VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio ATLANTA, GA 44,63244.6k $2.3m $2.3m 0.00% Reduced -3.2k -3,237
89 State of Alaska, Department of Revenue 0.03% of their portfolio JUNEAU, AK 41,54041.5k $2.2m $2.2m 0.03% Reduced -6.0k -6,010
90 MetLife Investment Management, LLC 0.02% of their portfolio Whippany, NJ 41,04341.0k $2.1m $2.1m 0.02% Added +4.4k +4,379
91 AMERICAN INTERNATIONAL GROUP, INC. 0.01% of their portfolio New York, NY 40,96141.0k $2.1m $2.1m 0.01% Added +2.4k +2,390
92 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 40,53640.5k $2.1m $2.1m 0.00% Added +5.8k +5,775
93 ExodusPoint Capital Management, LP 0.02% of their portfolio NEW YORK, NY 40,30940.3k $2.1m $2.1m 0.02% Added +9.4k +9,385
94 Connor, Clark & Lunn Investment Management Ltd. 0.01% of their portfolio VANCOUVER, A1 40,10940.1k $2.1m $2.1m 0.01% New
95 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 38,80038.8k $2.0m $2.0m 0.00% New
96 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 37,99238.0k $2.0m $2.0m 0.00% Added +2.2k +2,223
97 SEVEN EIGHT CAPITAL, LP 0.31% of their portfolio New York, NY 35,73635.7k $1.9m $1.9m 0.31% Added +22.2k +22,211
98 JANUS HENDERSON GROUP PLC 0.00% of their portfolio LONDON, X0 35,10435.1k $1.8m $1.8m 0.00% Reduced -46 -46
99 Qube Research & Technologies Ltd 0.01% of their portfolio LONDON, X0 34,54534.5k $1.8m $1.8m 0.01% New
100 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 34,46734.5k $1.8m $1.8m 0.00% Unchanged