Vault-13

AMERICAN EQTY INVT LIFE HLD AEL

COM · Common Stock · CUSIP 025676206

251 institutional holders +0 vs Q3 2023
76,277,91676.3m shares reported held*
$4.3bnreported value*
28 new 73 added 89 reduced 33 sold out net bought ≈ $120.4m (+2.3m 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. Holder counts are more reliable. Implied quarter-end price ≈ $55.80. Options: 6 managers hold calls ($1.1m notional), 6 hold puts ($1.7m).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 254Q4 22: 274Q1 23: 258Q2 23: 259Q3 23: 251Q4 23: 251251Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 2022254
Q4 2022274
Q1 2023258
Q2 2023259
Q3 2023251
Q4 2023251

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 23Q3 23: 92 bought or addedQ3 23: 161 cut or sold outQ3 23Q4 23: 101 bought or addedQ4 23: 122 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022121133
Q1 2023113152
Q2 2023110151
Q3 202392161
Q4 2023101122

Calls vs puts

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

CallsPuts
$0$2.5m$5m$7.5m$10mQ1 23 calls: $466.9kQ1 23 puts: $4.7mQ1 23P/C 10.15Q2 23 calls: $5.1mQ2 23 puts: $8.1mQ2 23P/C 1.58Q3 23 calls: $2.0mQ3 23 puts: $4.8mQ3 23P/C 2.48Q4 23 calls: $1.1mQ4 23 puts: $1.7mQ4 23P/C 1.56
Numbers
QuarterCallsPutsP/C
Q1 2023$466.9k$4.7m10.15
Q2 2023$5.1m$8.1m1.58
Q3 2023$2.0m$4.8m2.48
Q4 2023$1.1m$1.7m1.56

Biggest buyers

JPMORGAN CHASE & CO Added +1,076,097+1.1m
First Trust Capital Management L.P. New +972,407+972.4k
ALPINE ASSOCIATES MANAGEMENT INC. Added +747,700+747.7k
BlackRock Inc. Added +510,955+511.0k
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Added +433,739+433.7k
MORGAN STANLEY Added +378,318+378.3k
Balyasny Asset Management L.P. Added +372,495+372.5k
VANGUARD GROUP INC Added +345,911+345.9k
ALLIANCEBERNSTEIN L.P. Added +337,593+337.6k
SOROS FUND MANAGEMENT LLC Added +302,853+302.9k

Biggest sellers

Clearbridge Investments, LLC Reduced -555,072-555.1k
Carlson Capital, L.P. Reduced -467,000-467.0k
PICTON MAHONEY ASSET MANAGEMENT Reduced -424,314-424.3k
MILLENNIUM MANAGEMENT LLC Reduced -395,412-395.4k
River Road Asset Management, LLC Sold out -379,826-379.8k
LSV ASSET MANAGEMENT Sold out -367,200-367.2k
DIMENSIONAL FUND ADVISORS LP Reduced -357,414-357.4k
Grantham, Mayo, Van Otterloo & Co. LLC Sold out -320,740-320.7k
PZENA INVESTMENT MANAGEMENT LLC Reduced -304,905-304.9k
WATER ISLAND CAPITAL LLC Sold out -286,671-286.7k

Biggest calls

JANE STREET GROUP, LLC Reduced $625.0k11.2k shares
CITADEL ADVISORS LLC Reduced $251.1k4.5k shares
SIMPLEX TRADING, LLC Reduced $100.0k1.8k shares
GROUP ONE TRADING LLC Reduced $89.3k1.6k shares
Belvedere Trading LLC Reduced $33.5k600 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $697.5k12.5k shares
GROUP ONE TRADING LLC Added $619.4k11.1k shares
JANE STREET GROUP, LLC Reduced $295.7k5.3k shares
SIMPLEX TRADING, LLC Reduced $100.0k1.8k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares
FNY Investment Advisers, LLC Unchanged $08 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, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Brookfield Corp /ON/ 5.06% of their portfolio TORONTO, A6 15,886,16315.9m $886.4m $886.4m 5.06% Unchanged
2 BlackRock Inc. 0.02% of their portfolio New York, NY 10,915,36310.9m $609.1m $609.1m 0.02% Added +511.0k +510,955
3 VANGUARD GROUP INC 0.01% of their portfolio Valley Forge, PA 8,636,0018.6m $481.9m $481.9m 0.01% Added +345.9k +345,911
4 DIMENSIONAL FUND ADVISORS LP 0.09% of their portfolio AUSTIN, TX 5,702,1295.7m $318.2m $318.2m 0.09% Reduced -357.4k -357,414
5 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 2,870,6502.9m $160.2m $160.2m 0.01% Added +53.9k +53,861
6 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.06% of their portfolio Toronto, A6 1,811,8741.8m $101.1m $101.1m 0.06% Added +142.6k +142,611
7 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,776,1681.8m $99.1m $99.1m 0.00% Added +378.3k +378,318
8 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,714,7541.7m $95.7m $95.7m 0.00% Added +1.1m +1,076,097
9 ALPINE ASSOCIATES MANAGEMENT INC. 4.86% of their portfolio PALM BEACH, FL 1,698,7001.7m $94.8m $94.8m 4.86% Added +747.7k +747,700
10 SOROS FUND MANAGEMENT LLC 1.74% of their portfolio NEW YORK, NY 1,638,5901.6m $91.4m $91.4m 1.74% Added +302.9k +302,853
11 GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BOSTON, MA 1,605,2061.6m $89.6m $89.6m 0.01% Added +66.1k +66,051
12 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 1,353,7051.4m $75.5m $75.5m 0.01% Added +16.4k +16,368
13 Balyasny Asset Management L.P. 0.19% of their portfolio Chicago, IL 1,199,6051.2m $66.9m $66.9m 0.19% Added +372.5k +372,495
14 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 973,280973.3k $54.3m $54.3m 0.01% Reduced -37.2k -37,236
15 First Trust Capital Management L.P. 4.16% of their portfolio CHICAGO, IL 972,407972.4k $54.3m $54.3m 4.16% New
16 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 955,925955.9k $53.3m $53.3m 0.01% Added +111.8k +111,815
17 NORGES BANK 0.01% of their portfolio OSLO, Q8 906,087906.1k $50.6m $50.6m 0.01% Added +18.5k +18,506
18 AMERICAN CENTURY COMPANIES INC 0.03% of their portfolio KANSAS CITY, MO 872,690872.7k $48.7m $48.7m 0.03% Added +163.8k +163,831
19 ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio NASHVILLE, TN 840,793840.8k $46.9m $46.9m 0.02% Added +337.6k +337,593
20 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 720,005720.0k $40.2m $40.2m 0.01% Reduced -63.2k -63,224
21 Qube Research & Technologies Ltd 0.08% of their portfolio LONDON, X0 656,671656.7k $36.6m $36.6m 0.08% Added +143.5k +143,492
22 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.04% of their portfolio BOSTON, MA 607,758607.8k $33.9m $33.9m 0.04% Added +433.7k +433,739
23 PZENA INVESTMENT MANAGEMENT LLC 0.11% of their portfolio NEW YORK, NY 503,490503.5k $28.1m $28.1m 0.11% Reduced -304.9k -304,905
24 Bragg Financial Advisors, Inc 1.17% of their portfolio CHARLOTTE, NC 440,899440.9k $24.6m $24.6m 1.17% Reduced -24 -24
25 Westchester Capital Management, LLC 0.99% of their portfolio VALHALLA, NY 439,206439.2k $24.5m $24.5m 0.99% Unchanged
26 Woodline Partners LP 0.26% of their portfolio San Francisco, CA 421,503421.5k $23.5m $23.5m 0.26% Added +26.0k +25,958
27 AQR Arbitrage LLC 0.94% of their portfolio Greenwich, CT 415,006415.0k $23.2m $23.2m 0.94% Added +148.3k +148,342
28 Clearbridge Investments, LLC 0.02% of their portfolio NEW YORK, NY 390,697390.7k $21.8m $21.8m 0.02% Reduced -555.1k -555,072
29 PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio DES MOINES, IA 376,431376.4k $21.0m $21.0m 0.01% Added +5.2k +5,163
30 Slotnik Capital, LLC 13.87% of their portfolio DALLAS, TX 358,194358.2k $20.0m $20.0m 13.87% First filing
31 WEST BANCORPORATION INC 12.80% of their portfolio WEST DES MOINES, IA 355,341355.3k $19.8m $19.8m 12.80% Reduced -10.0k -10,000
32 Magnetar Financial LLC 0.50% of their portfolio EVANSTON, IL 349,661349.7k $19.5m $19.5m 0.50% Added +30.6k +30,556
33 RENAISSANCE TECHNOLOGIES LLC 0.03% of their portfolio NEW YORK, NY 322,300322.3k $18.0m $18.0m 0.03% Added +112.5k +112,500
34 Nuveen Asset Management, LLC 0.01% of their portfolio CHICAGO, IL 297,740297.7k $16.6m $16.6m 0.01% Reduced -46.9k -46,859
35 RHUMBLINE ADVISERS 0.01% of their portfolio BOSTON, MA 234,104234.1k $13.1m $13.1m 0.01% Reduced -7.5k -7,516
36 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 232,107232.1k $13.0m $13.0m 0.00% Reduced -103.3k -103,330
37 NEXPOINT ASSET MANAGEMENT, L.P. 1.86% of their portfolio Dallas, TX 220,347220.3k $12.3m $12.3m 1.86% New
38 TWO SIGMA INVESTMENTS, LP 0.03% of their portfolio NEW YORK, NY 217,978218.0k $12.2m $12.2m 0.03% Added +188.4k +188,449
39 BARCLAYS PLC 0.01% of their portfolio LONDON, X0 210,509210.5k $11.7m $11.7m 0.01% Added +86.6k +86,625
40 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 200,937200.9k $11.2m $11.2m 0.00% Reduced -12.4k -12,382
41 Carlson Capital, L.P. 0.89% of their portfolio DALLAS, TX 200,000200.0k $11.2m $11.2m 0.89% Reduced -467.0k -467,000
42 KENNEDY CAPITAL MANAGEMENT LLC 0.22% of their portfolio ST LOUIS, MO 183,780183.8k $10.3m $10.3m 0.22% Reduced -143.1k -143,124
43 Legal & General Group Plc 0.00% of their portfolio London, X0 177,648177.6k $9.9m $9.9m 0.00% Reduced -1.7k -1,674
44 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 172,075172.1k $9.6m $9.6m 0.00% Reduced -204.9k -204,913
45 New York Life Investment Management LLC 0.10% of their portfolio New York, NY 171,262171.3k $9.6m $9.6m 0.10% Added +161.5k +161,520
46 California Public Employees Retirement System 0.01% of their portfolio Sacramento, CA 159,758159.8k $8.9m $8.9m 0.01% Added +34.9k +34,877
47 UBS Group AG 0.00% of their portfolio ZURICH, V8 159,467159.5k $8.9m $8.9m 0.00% Reduced -54.9k -54,866
48 Gilbert & Cook, Inc. 1.20% of their portfolio WEST DES MOINES, IA 152,040152.0k $8.5m $8.5m 1.20% Unchanged
49 GLAZER CAPITAL, LLC 0.82% of their portfolio New York, NY 142,000142.0k $7.9m $7.9m 0.82% New
50 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 134,218134.2k $7.5m $7.5m 0.01% Added +4.4k +4,360
51 Public Sector Pension Investment Board 0.05% of their portfolio MONTREAL, A8 129,549129.5k $7.2m $7.2m 0.05% Added +53.1k +53,097
52 Swiss National Bank 0.01% of their portfolio ZURICH, V8 123,900123.9k $6.9m $6.9m 0.01% Reduced -13.1k -13,100
53 Man Group plc 0.02% of their portfolio LONDON, X0 122,231122.2k $6.8m $6.8m 0.02% New
54 CREDIT SUISSE AG/ 0.01% of their portfolio ZURICH, V8 120,211120.2k $6.7m $6.7m 0.01% Added +6.4k +6,446
55 MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.07% of their portfolio New York, NY 116,598116.6k $6.5m $6.5m 0.07% Reduced -1.7k -1,711
56 Yakira Capital Management, Inc. 1.76% of their portfolio Westport, CT 96,90496.9k $5.4m $5.4m 1.76% New
57 Alberta Investment Management Corp 0.05% of their portfolio EDMONTON, A0 96,34196.3k $5.4m $5.4m 0.05% Unchanged
58 Profit Investment Management, LLC 2.83% of their portfolio NORTH BETHESDA, MD 88,54488.5k $4.9m $4.9m 2.83% Added +5.0k +4,972
59 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.02% of their portfolio TORONTO, A6 83,00083.0k $4.6m $4.6m 0.02% Reduced -71.0k -71,000
60 Skandinaviska Enskilda Banken AB (publ) 0.03% of their portfolio STOCKHOLM, V7 82,15182.2k $4.6m $4.6m 0.03% Added +28.8k +28,806
61 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 80,45480.5k $4.5m $4.5m 0.00% Added +72.8k +72,822
62 CSS LLC/IL 0.34% of their portfolio CHICAGO, IL 78,14578.1k $4.4m $4.4m 0.34% Added +55.6k +55,629
63 PICTON MAHONEY ASSET MANAGEMENT 0.20% of their portfolio Toronto, A6 76,24976.2k $4.3m $4.3m 0.20% Reduced -424.3k -424,314
64 CANADA PENSION PLAN INVESTMENT BOARD 0.01% of their portfolio TORONTO ONTARIO, A6 75,10075.1k $4.2m $4.2m 0.01% New
65 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 74,96575.0k $4.2m $4.2m 0.00% Reduced -7.6k -7,611
66 PRUDENTIAL FINANCIAL INC 0.01% of their portfolio NEWARK, NJ 73,57573.6k $4.1m $4.1m 0.01% Reduced -2.8k -2,842
67 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 69,33769.3k $3.9m $3.9m 0.01% Added +41.7k +41,728
68 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio WEST SACRAMENTO, CA 68,99369.0k $3.8m $3.8m 0.01% Reduced -3.3k -3,258
69 BARDIN HILL MANAGEMENT PARTNERS LP 1.66% of their portfolio NEW YORK, NY 68,77168.8k $3.8m $3.8m 1.66% Added +53.6k +53,568
70 STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio MADISON, WI 67,32167.3k $3.8m $3.8m 0.01% Added +37.0k +36,964
71 CANADA LIFE ASSURANCE Co 0.01% of their portfolio WINNIPEG, A2 65,12865.1k $3.6m $3.6m 0.01% Reduced -2.8k -2,756
72 TWO SIGMA ADVISERS, LP 0.01% of their portfolio NEW YORK, NY 64,60064.6k $3.6m $3.6m 0.01% Reduced -3.5k -3,500
73 TIAA TRUST, NATIONAL ASSOCIATION 0.01% of their portfolio CHARLOTTE, NC 57,77157.8k $3.2m $3.2m 0.01% Unchanged
74 CANTOR FITZGERALD, L. P. 0.65% of their portfolio NEW YORK, NY 56,36256.4k $3.1m $3.1m 0.65% New
75 Thrivent Financial for Lutherans 0.01% of their portfolio Minneapolis, MN 55,63055.6k $3.1m $3.1m 0.01% Reduced -955 -955
76 TEXAS PERMANENT SCHOOL FUND CORP 0.03% of their portfolio AUSTIN, TX 52,46952.5k $2.9m $2.9m 0.03% Added +1.8k +1,843
77 State of New Jersey Common Pension Fund D 0.01% of their portfolio TRENTON, NJ 46,33546.3k $2.6m $2.6m 0.01% Unchanged
78 NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio ALBANY, NY 45,13345.1k $2.5m $2.5m 0.01% Reduced -200 -200
79 PUTNAM INVESTMENTS LLC 0.00% of their portfolio BOSTON, MA 43,67143.7k $2.4m $2.4m 0.00% Reduced -1.9k -1,930
80 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 42,07342.1k $2.3m $2.3m 0.00% Reduced -80.4k -80,373
81 AMERICAN INTERNATIONAL GROUP, INC. 0.01% of their portfolio New York, NY 42,03942.0k $2.3m $2.3m 0.01% Added +144 +144
82 MetLife Investment Management, LLC 0.02% of their portfolio Whippany, NJ 41,04341.0k $2.3m $2.3m 0.02% Unchanged
83 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 39,22639.2k $2.2m $2.2m 0.00% Reduced -201 -201
84 State of Alaska, Department of Revenue 0.03% of their portfolio JUNEAU, AK 38,40738.4k $2.1m $2.1m 0.03% Reduced -105 -105
85 PRELUDE CAPITAL MANAGEMENT, LLC 0.18% of their portfolio NEW YORK, NY 37,35337.4k $2.1m $2.1m 0.18% Reduced -16.8k -16,763
86 Illinois Municipal Retirement Fund 0.03% of their portfolio OAK BROOK, IL 36,20436.2k $2.0m $2.0m 0.03% Added +14 +14
87 Olympiad Research LP 1.59% of their portfolio Stamford, CT 36,19236.2k $2.0m $2.0m 1.59% Reduced -1.7k -1,745
88 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 35,90735.9k $2.0m $2.0m 0.00% Added +1.3k +1,282
89 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 35,68535.7k $2.0m $2.0m 0.00% Reduced -2.3k -2,322
90 GABELLI & Co INVESTMENT ADVISERS, INC. 0.36% of their portfolio Rye, NY 34,30034.3k $1.9m $1.9m 0.36% New
91 GABELLI FUNDS LLC 0.01% of their portfolio Rye, NY 34,13034.1k $1.9m $1.9m 0.01% New
92 JANUS HENDERSON GROUP PLC 0.00% of their portfolio LONDON, X0 31,33531.3k $1.7m $1.7m 0.00% Reduced -138 -138
93 Louisiana State Employees Retirement System 0.04% of their portfolio BATON ROUGE, LA 31,20031.2k $1.7m $1.7m 0.04% Reduced -300 -300
94 YOUSIF CAPITAL MANAGEMENT, LLC 0.02% of their portfolio BLOOMFIELD HILLS, MI 31,13631.1k $1.7m $1.7m 0.02% Added +300 +300
95 Capital Advisors Wealth Management, LLC 0.39% of their portfolio YAKIMA, WA 30,92830.9k $1.7m $1.7m 0.39% Reduced -1.8k -1,800
96 VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio ATLANTA, GA 30,50230.5k $1.7m $1.7m 0.00% Reduced -233 -233
97 Y-Intercept (Hong Kong) Ltd 0.16% of their portfolio HONG KONG, K3 30,18230.2k $1.7m $1.7m 0.16% New
98 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 29,98330.0k $1.7m $1.7m 0.00% Reduced -395.4k -395,412
99 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 29,86129.9k $1.7m $1.7m 0.00% Reduced -19.9k -19,892
100 HRT FINANCIAL LP 0.01% of their portfolio NEW YORK, NY 29,76229.8k $1.7m $1.7m 0.01% Reduced -6.4k -6,444