Vault-13

AMERICAN EQTY INVT LIFE HLD AEL

COM · Common Stock · CUSIP 025676206

246 institutional holders -5 vs Q4 2023
79,510,04479.5m shares reported held*
$4.5bnreported value*
31 new 75 added 88 reduced 37 sold out net bought ≈ $183.3m (+3.3m 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 ≈ $56.20. Options: 2 managers hold calls ($50.6k notional), 4 hold puts ($685.9k).

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 254Q4 22: 274Q1 23: 258Q2 23: 259Q3 23: 251Q4 23: 251Q1 24: 246246Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 2022254
Q4 2022274
Q1 2023258
Q2 2023259
Q3 2023251
Q4 2023251
Q1 2024246

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 23Q1 24: 106 bought or addedQ1 24: 125 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 2022121133
Q1 2023113152
Q2 2023110151
Q3 202392161
Q4 2023101122
Q1 2024106125

Calls vs puts

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

CallsPuts
$0$2.5m$5m$7.5m$10mQ2 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 1.56Q1 24 calls: $50.6kQ1 24 puts: $685.9kQ1 24P/C 13.56
Numbers
QuarterCallsPutsP/C
Q2 2023$5.1m$8.1m1.58
Q3 2023$2.0m$4.8m2.48
Q4 2023$1.1m$1.7m1.56
Q1 2024$50.6k$685.9k13.56

Biggest buyers

MORGAN STANLEY Added +2,492,310+2.5m
GLAZER CAPITAL, LLC Added +1,401,200+1.4m
First Trust Capital Management L.P. Added +501,461+501.5k
ALPINE ASSOCIATES MANAGEMENT INC. Added +452,420+452.4k
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Added +452,400+452.4k
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Added +416,862+416.9k
DEUTSCHE BANK AG\ Added +378,538+378.5k
Carlson Capital, L.P. Added +376,975+377.0k
Absolute Gestao de Investimentos Ltda. New +316,678+316.7k
SOROS FUND MANAGEMENT LLC Added +280,712+280.7k

Biggest sellers

JPMORGAN CHASE & CO Reduced -1,210,456-1.2m
DIMENSIONAL FUND ADVISORS LP Reduced -888,611-888.6k
PZENA INVESTMENT MANAGEMENT LLC Sold out -503,490-503.5k
Clearbridge Investments, LLC Sold out -390,697-390.7k
VANGUARD GROUP INC Reduced -370,237-370.2k
CHARLES SCHWAB INVESTMENT MANAGEMENT INC Reduced -318,002-318.0k
KENNEDY CAPITAL MANAGEMENT LLC Sold out -183,780-183.8k
New York Life Investment Management LLC Sold out -171,262-171.3k
Gilbert & Cook, Inc. Sold out -152,040-152.0k
BARCLAYS PLC Reduced -131,981-132.0k

Biggest calls

CITADEL ADVISORS LLC Reduced $50.6k900 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

EQUITEC PROPRIETARY MARKETS, LLC New $556.6k9.9k shares
CITADEL ADVISORS LLC New $67.5k1.2k shares
CSS LLC/IL New $61.8k1.1k 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 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Brookfield Corp /ON/ 5.27% of their portfolio TORONTO, A6 15,886,16315.9m $893.1m $893.1m 5.27% Unchanged
2 BlackRock Inc. 0.01% of their portfolio New York, NY 10,908,24710.9m $613.3m $613.3m 0.01% Reduced -7.1k -7,116
3 VANGUARD GROUP INC 0.01% of their portfolio Valley Forge, PA 8,265,7648.3m $464.7m $464.7m 0.01% Reduced -370.2k -370,237
4 DIMENSIONAL FUND ADVISORS LP 0.07% of their portfolio AUSTIN, TX 4,813,5184.8m $270.6m $270.6m 0.07% Reduced -888.6k -888,611
5 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 4,268,4784.3m $240.0m $240.0m 0.01% Added +2.5m +2,492,310
6 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 2,925,6872.9m $164.5m $164.5m 0.01% Added +55.0k +55,037
7 ALPINE ASSOCIATES MANAGEMENT INC. 4.71% of their portfolio PALM BEACH, FL 2,151,1202.2m $120.9m $120.9m 4.71% Added +452.4k +452,420
8 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.10% of their portfolio Toronto, A6 1,998,2502.0m $112.3m $112.3m 0.10% Added +186.4k +186,376
9 SOROS FUND MANAGEMENT LLC 2.51% of their portfolio NEW YORK, NY 1,919,3021.9m $107.9m $107.9m 2.51% Added +280.7k +280,712
10 GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BOSTON, MA 1,672,3731.7m $94.0m $94.0m 0.01% Added +67.2k +67,167
11 GLAZER CAPITAL, LLC 9.03% of their portfolio New York, NY 1,543,2001.5m $86.8m $86.8m 9.03% Added +1.4m +1,401,200
12 First Trust Capital Management L.P. 7.04% of their portfolio CHICAGO, IL 1,473,8681.5m $82.9m $82.9m 7.04% Added +501.5k +501,461
13 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 1,238,6901.2m $69.6m $69.6m 0.01% Reduced -115.0k -115,015
14 Balyasny Asset Management L.P. 0.17% of their portfolio Chicago, IL 1,209,3521.2m $68.0m $68.0m 0.17% Added +9.7k +9,747
15 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 1,034,7991.0m $58.2m $58.2m 0.01% Added +78.9k +78,874
16 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.05% of their portfolio BOSTON, MA 1,024,6201.0m $57.6m $57.6m 0.05% Added +416.9k +416,862
17 NORGES BANK 0.01% of their portfolio OSLO, Q8 944,776944.8k $53.1m $53.1m 0.01% Added +38.7k +38,689
18 ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio NASHVILLE, TN 836,534836.5k $47.0m $47.0m 0.02% Reduced -4.3k -4,259
19 Qube Research & Technologies Ltd 0.08% of their portfolio LONDON, X0 811,881811.9k $45.6m $45.6m 0.08% Added +155.2k +155,210
20 AMERICAN CENTURY COMPANIES INC 0.03% of their portfolio KANSAS CITY, MO 777,727777.7k $43.7m $43.7m 0.03% Reduced -95.0k -94,963
21 Westchester Capital Management, LLC 1.63% of their portfolio VALHALLA, NY 686,430686.4k $38.6m $38.6m 1.63% Added +247.2k +247,224
22 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 655,278655.3k $36.8m $36.8m 0.01% Reduced -318.0k -318,002
23 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 628,543628.5k $35.3m $35.3m 0.01% Reduced -91.5k -91,462
24 Carlson Capital, L.P. 2.63% of their portfolio DALLAS, TX 576,975577.0k $32.4m $32.4m 2.63% Added +377.0k +376,975
25 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.11% of their portfolio TORONTO, A6 535,400535.4k $30.1m $30.1m 0.11% Added +452.4k +452,400
26 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 504,298504.3k $28.4m $28.4m 0.00% Reduced -1.2m -1,210,456
27 AQR Arbitrage LLC 0.95% of their portfolio Greenwich, CT 481,303481.3k $27.1m $27.1m 0.95% Added +66.3k +66,297
28 Woodline Partners LP 0.25% of their portfolio San Francisco, CA 472,813472.8k $26.6m $26.6m 0.25% Added +51.3k +51,310
29 Bragg Financial Advisors, Inc 1.11% of their portfolio CHARLOTTE, NC 440,213440.2k $24.7m $24.7m 1.11% Reduced -686 -686
30 DEUTSCHE BANK AG\ 0.01% of their portfolio FRANKFURT AM MAIN, 2M 417,764417.8k $23.5m $23.5m 0.01% Added +378.5k +378,538
31 PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio DES MOINES, IA 372,138372.1k $20.9m $20.9m 0.01% Reduced -4.3k -4,293
32 WEST BANCORPORATION INC 13.13% of their portfolio WEST DES MOINES, IA 355,341355.3k $20.0m $20.0m 13.13% Unchanged
33 Magnetar Financial LLC 0.42% of their portfolio EVANSTON, IL 330,574330.6k $18.6m $18.6m 0.42% Reduced -19.1k -19,087
34 RENAISSANCE TECHNOLOGIES LLC 0.03% of their portfolio NEW YORK, NY 325,701325.7k $18.3m $18.3m 0.03% Added +3.4k +3,401
35 Absolute Gestao de Investimentos Ltda. 5.49% of their portfolio SAO PAULO, D5 316,678316.7k $17.8m $17.8m 5.49% New
36 Slotnik Capital, LLC 11.03% of their portfolio DALLAS, TX 303,605303.6k $17.1m $17.1m 11.03% Reduced -54.6k -54,589
37 NEXPOINT ASSET MANAGEMENT, L.P. 2.48% of their portfolio Dallas, TX 287,622287.6k $16.2m $16.2m 2.48% Added +67.3k +67,275
38 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 285,113285.1k $16.0m $16.0m 0.00% Added +53.0k +53,006
39 RHUMBLINE ADVISERS 0.01% of their portfolio BOSTON, MA 231,354231.4k $13.0m $13.0m 0.01% Reduced -2.8k -2,750
40 CANADA PENSION PLAN INVESTMENT BOARD 0.01% of their portfolio TORONTO ONTARIO, A6 211,100211.1k $11.9m $11.9m 0.01% Added +136.0k +136,000
41 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 203,657203.7k $11.4m $11.4m 0.00% Reduced -94.1k -94,083
42 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 192,909192.9k $10.8m $10.8m 0.00% Reduced -8.0k -8,028
43 Legal & General Group Plc 0.00% of their portfolio London, X0 179,013179.0k $10.1m $10.1m 0.00% Added +1.4k +1,365
44 California Public Employees Retirement System 0.01% of their portfolio Sacramento, CA 164,461164.5k $9.2m $9.2m 0.01% Added +4.7k +4,703
45 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 155,990156.0k $8.8m $8.8m 0.00% Reduced -16.1k -16,085
46 Yakira Capital Management, Inc. 2.96% of their portfolio Westport, CT 151,725151.7k $8.5m $8.5m 2.96% Added +54.8k +54,821
47 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 140,908140.9k $7.9m $7.9m 0.01% Added +6.7k +6,690
48 GABELLI & Co INVESTMENT ADVISERS, INC. 1.33% of their portfolio Rye, NY 136,450136.4k $7.7m $7.7m 1.33% Added +102.2k +102,150
49 UBS Group AG 0.00% of their portfolio ZURICH, V8 128,002128.0k $7.2m $7.2m 0.00% Reduced -31.5k -31,465
50 Public Sector Pension Investment Board 0.05% of their portfolio MONTREAL, A8 127,969128.0k $7.2m $7.2m 0.05% Reduced -1.6k -1,580
51 GABELLI FUNDS LLC 0.05% of their portfolio Rye, NY 127,370127.4k $7.2m $7.2m 0.05% Added +93.2k +93,240
52 Swiss National Bank 0.00% of their portfolio ZURICH, V8 124,800124.8k $7.0m $7.0m 0.00% Added +900 +900
53 CREDIT SUISSE AG/ 0.01% of their portfolio ZURICH, V8 119,361119.4k $6.7m $6.7m 0.01% Reduced -850 -850
54 MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.07% of their portfolio New York, NY 112,243112.2k $6.3m $6.3m 0.07% Reduced -4.4k -4,355
55 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 104,598104.6k $5.9m $5.9m 0.00% Added +24.1k +24,144
56 Alberta Investment Management Corp 0.05% of their portfolio EDMONTON, A0 96,34196.3k $5.4m $5.4m 0.05% Unchanged
57 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 93,07193.1k $5.2m $5.2m 0.01% Reduced -124.9k -124,907
58 Skandinaviska Enskilda Banken AB (publ) 0.02% of their portfolio STOCKHOLM, V7 82,15182.2k $4.6m $4.6m 0.02% Unchanged
59 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 78,52878.5k $4.4m $4.4m 0.00% Reduced -132.0k -131,981
60 STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio MADISON, WI 78,19278.2k $4.4m $4.4m 0.01% Added +10.9k +10,871
61 Sagefield Capital LP 0.54% of their portfolio DALLAS, TX 78,00078.0k $4.4m $4.4m 0.54% New
62 Profit Investment Management, LLC 2.40% of their portfolio NORTH BETHESDA, MD 75,55475.6k $4.2m $4.2m 2.40% Reduced -13.0k -12,990
63 HRT FINANCIAL LP 0.03% of their portfolio NEW YORK, NY 75,02875.0k $4.2m $4.2m 0.03% Added +45.3k +45,266
64 PRUDENTIAL FINANCIAL INC 0.01% of their portfolio NEWARK, NJ 71,94371.9k $4.0m $4.0m 0.01% Reduced -1.6k -1,632
65 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 68,54068.5k $3.9m $3.9m 0.00% Reduced -6.4k -6,425
66 CANADA LIFE ASSURANCE Co 0.01% of their portfolio WINNIPEG, A2 66,87066.9k $3.8m $3.8m 0.01% Added +1.7k +1,742
67 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 65,41365.4k $3.7m $3.7m 0.00% Reduced -3.6k -3,580
68 TIAA TRUST, NATIONAL ASSOCIATION 0.01% of their portfolio CHARLOTTE, NC 57,77457.8k $3.2m $3.2m 0.01% Added +3 +3
69 TEXAS PERMANENT SCHOOL FUND CORP 0.02% of their portfolio AUSTIN, TX 54,63854.6k $3.1m $3.1m 0.02% Added +2.2k +2,169
70 Thrivent Financial for Lutherans 0.01% of their portfolio Minneapolis, MN 54,15954.2k $3.0m $3.0m 0.01% Reduced -1.5k -1,471
71 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 50,70850.7k $2.9m $2.9m 0.00% Reduced -18.6k -18,629
72 State of New Jersey Common Pension Fund D 0.01% of their portfolio TRENTON, NJ 50,29150.3k $2.8m $2.8m 0.01% Added +4.0k +3,956
73 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 46,14846.1k $2.6m $2.6m 0.00% Added +16.3k +16,287
74 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 44,69744.7k $2.5m $2.5m 0.00% Added +21.2k +21,195
75 CSS LLC/IL 0.20% of their portfolio CHICAGO, IL 43,73043.7k $2.5m $2.5m 0.20% Reduced -34.4k -34,415
76 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 43,25643.3k $2.4m $2.4m 0.00% New
77 AMERICAN INTERNATIONAL GROUP, INC. 0.01% of their portfolio New York, NY 41,67041.7k $2.3m $2.3m 0.01% Reduced -369 -369
78 MetLife Investment Management, LLC 0.02% of their portfolio Whippany, NJ 40,32740.3k $2.3m $2.3m 0.02% Reduced -716 -716
79 Y-Intercept (Hong Kong) Ltd 0.17% of their portfolio HONG KONG, K3 39,88639.9k $2.2m $2.2m 0.17% Added +9.7k +9,704
80 BARDIN HILL MANAGEMENT PARTNERS LP 0.93% of their portfolio NEW YORK, NY 38,93038.9k $2.2m $2.2m 0.93% Reduced -29.8k -29,841
81 NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio ALBANY, NY 38,85438.9k $2.2m $2.2m 0.00% Reduced -6.3k -6,279
82 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 38,63038.6k $2.2m $2.2m 0.00% Added +2.9k +2,945
83 State of Alaska, Department of Revenue 0.02% of their portfolio JUNEAU, AK 38,03238.0k $2.1m $2.1m 0.02% Reduced -375 -375
84 Olympiad Research LP 1.34% of their portfolio Stamford, CT 36,19236.2k $2.0m $2.0m 1.34% Unchanged
85 PRELUDE CAPITAL MANAGEMENT, LLC 0.14% of their portfolio NEW YORK, NY 36,19136.2k $2.0m $2.0m 0.14% Reduced -1.2k -1,162
86 Illinois Municipal Retirement Fund 0.03% of their portfolio OAK BROOK, IL 35,37835.4k $2.0m $2.0m 0.03% Reduced -826 -826
87 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 34,46734.5k $1.2m $1.2m 0.00% Reduced -1.4k -1,440
88 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 34,18834.2k $1.9m $1.9m 0.00% Added +18.8k +18,788
89 STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio TALLAHASSEE, FL 33,97734.0k $1.2m $1.2m 0.00% Added +11.8k +11,767
90 Schonfeld Strategic Advisors LLC 0.01% of their portfolio NEW YORK, NY 33,69433.7k $1.9m $1.9m 0.01% Added +17.3k +17,284
91 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 32,10232.1k $1.8m $1.8m 0.00% Added +3.2k +3,224
92 HARVEST MANAGEMENT LLC 1.54% of their portfolio New York, NY 32,10032.1k $1.8m $1.8m 1.54% Added +3.0k +3,000
93 JANUS HENDERSON GROUP PLC 0.00% of their portfolio LONDON, X0 31,33631.3k $1.8m $1.8m 0.00% Added +1 +1
94 Capital Advisors Wealth Management, LLC 0.36% of their portfolio YAKIMA, WA 30,92830.9k $1.7m $1.7m 0.36% Unchanged
95 Louisiana State Employees Retirement System 0.03% of their portfolio BATON ROUGE, LA 30,90030.9k $1.7m $1.7m 0.03% Reduced -300 -300
96 ASSETMARK, INC 0.01% of their portfolio CONCORD, CA 30,15230.2k $1.7m $1.7m 0.01% Added +1.4k +1,387
97 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 29,70029.7k $1.7m $1.7m 0.00% Added +500 +500
98 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 29,59929.6k $1.7m $1.7m 0.00% Added +12.2k +12,222
99 YOUSIF CAPITAL MANAGEMENT, LLC 0.02% of their portfolio BLOOMFIELD HILLS, MI 29,53529.5k $1.7m $1.7m 0.02% Reduced -1.6k -1,601
100 Allianz Asset Management GmbH 0.00% of their portfolio MUNICH, 2M 29,49329.5k $1.7m $1.7m 0.00% Added +10.5k +10,545