APARTMENT INVT & MGMT CO AIV
CL A · REIT · CUSIP 03748R747
* 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 ($484.1k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $7.12. Options: 3 managers hold calls ($947.3k notional), 5 hold puts ($445.5k).
Trends to Q4 2022
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 200 |
| Q4 2022 | 195 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $1.5m | $495.0k | 0.33 |
| Q4 2022 | $947.3k | $445.5k | 0.47 |
Biggest buyers
| MILLENNIUM MANAGEMENT LLC | Added | +2.3m |
| Land & Buildings Investment Management, LLC | Added | +1.5m |
| Madison Avenue Partners, LP | Added | +1.4m |
| Balyasny Asset Management L.P. | Added | +1.1m |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +420.0k |
| BlackRock Inc. | Added | +400.2k |
| FIRST TRUST ADVISORS LP | Added | +392.6k |
| Man Group plc | Added | +263.9k |
| Cubist Systematic Strategies, LLC | Added | +256.5k |
| VIRGINIA RETIREMENT SYSTEMS ET Al | Added | +214.5k |
Biggest sellers
| Long Pond Capital, LP | Reduced | -4.9m |
| CANADA PENSION PLAN INVESTMENT BOARD | Sold out | -2.4m |
| ExodusPoint Capital Management, LP | Sold out | -1.3m |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC | Reduced | -1.2m |
| RENAISSANCE TECHNOLOGIES LLC | Sold out | -926.4k |
| Solel Partners LP | Reduced | -600.0k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | Reduced | -408.0k |
| AXA S.A. | Reduced | -261.6k |
| Global IMC LLC | Sold out | -204.8k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | -150.1k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $556.8k78.2k shares |
| CITADEL ADVISORS LLC | Added | $384.5k54.0k shares |
| BLUEFIN CAPITAL MANAGEMENT, LLC | New | $6.0k40.0k shares |
Biggest puts
| GROUP ONE TRADING LLC | Added | $252.8k35.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $96.8k13.6k shares |
| CITADEL ADVISORS LLC | New | $66.9k9.4k shares |
| SIMPLEX TRADING, LLC | Added | $29.0k4.1k 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.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| Madison Avenue Partners, LP 13G · passive investor new · filed 2026-03-04 | 8.6% |
| Newtyn Management, LLC 13G · passive investor +2.6 pts · filed 2026-03-25 | 8.1% |
| Weiss Asset Management LP 13G · institution new · filed 2026-05-11 | 5.7% |
Fell to 5% or below in the last year: PRICE T ROWE ASSOCIATES INC /MD/ (3.5%, 2026-10-07), VANGUARD PORTFOLIO MANAGEMENT LLC (4.1%, 2026-07-31), BlackRock, Inc. (0.4%, 2026-04-27), VANGUARD GROUP INC (0.0%, 2026-03-26), Silver Point Capital L.P. (1.2%, 2026-02-17)
Insider purchases and sales in Q4 2022
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q1 2021 | 0 | — | 0 | — | — |
| Q2 2021 | 0 | — | 0 | — | — |
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 0 | — | — |
| Q1 2022 | 0 | — | 0 | — | — |
| Q2 2022 | 1 | $13.5k | 0 | — | — |
| Q3 2022 | 1 | $1.0k | 0 | — | — |
| Q4 2022 | 0 | — | 0 | — | — |
None reported in Q4 2022.
Holders, Q4 2022
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.00% of their portfolio | 21.8m $155.4m | Reduced -86.7k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.02% of their portfolio | 17.4m $124.2m | Added +30.9k |
| BlackRock Inc. 0.00% of their portfolio | 13.9m $99.3m | Added +400.2k |
| Sessa Capital IM, L.P. 4.35% of their portfolio | 9.9m $70.7m | Unchanged |
| Land & Buildings Investment Management, LLC 13.49% of their portfolio | 8.8m $62.6m | Added +1.5m |
| STATE STREET CORP 0.00% of their portfolio | 7.3m $51.9m | Added +34.2k |
| Long Pond Capital, LP 2.53% of their portfolio | 5.8m $41.4m | Reduced -4.9m |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 4.8m $34.4m | Reduced -14.7k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 3.4m $23.9m | Added +420.0k |
| T. Rowe Price Investment Management, Inc. 0.02% of their portfolio | 3.1m $21.7m | Added +57.3k |
| Balyasny Asset Management L.P. 0.07% of their portfolio | 2.8m $20.0m | Added +1.1m |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 2.7m $19.3m | Added +2.3m |
| Solel Partners LP 3.97% of their portfolio | 2.5m $17.7m | Reduced -600.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 2.2m $16.0m | Added +139.6k |
| NORGES BANK 0.00% of their portfolio | 2.1m $15.0m | Added +165.0k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 2.1m $14.9m | Reduced -9.6k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.7m $12.2m | Added +27.2k |
| Madison Avenue Partners, LP 2.16% of their portfolio | 1.7m $12.2m | Added +1.4m |
| Uniplan Investment Counsel, Inc. 0.74% of their portfolio | 1.5m $10.5m | Reduced -65.9k |
| THOMPSON SIEGEL & WALMSLEY LLC 0.13% of their portfolio | 1.2m $8.3m | Added +14.2k |
| Legal & General Group Plc 0.00% of their portfolio | 851.3k $6.1m | Added +46.4k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 786.0k $5.6m | Added +123.1k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 657.4k $4.7m | Reduced -60.6k |
| BARCLAYS PLC 0.00% of their portfolio | 640.4k $4.6m | First filing |
| Man Group plc 0.01% of their portfolio | 584.8k $4.2m | Added +263.9k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 580.0k $4.1m | Reduced -150.1k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 565.5k $4.0m | Added +32.9k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 562.3k $4.0m | Reduced -114.1k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 518.5k $3.7m | Added +54.7k |
| ENDEAVOUR CAPITAL ADVISORS INC 0.93% of their portfolio | 486.0k $3.5m | Added +86.9k |
| FEDERATED HERMES, INC. 0.01% of their portfolio | 480.9k $3.4m | Reduced -139 |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 465.4k $3.3m | Added +392.6k |
| Cubist Systematic Strategies, LLC 0.03% of their portfolio | 450.9k $3.2m | Added +256.5k |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 394.5k $2.8m | Reduced -21.0k |
| Swiss National Bank 0.00% of their portfolio | 367.4k $2.6m | Added +5.3k |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.03% of their portfolio | 366.9k $2.6m | Added +214.5k |
| MORGAN STANLEY 0.00% of their portfolio | 360.3k $2.6m | Added +5.9k |
| Invesco Ltd. 0.00% of their portfolio | 359.6k $2.6m | Reduced -5.1k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.01% of their portfolio | 346.7k $2.5m | Reduced -408.0k |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 346.1k $2.5m | Added +39.3k |
| KCS Wealth Advisory 0.98% of their portfolio | 330.2k $2.4m | Added +11.8k |
| State of New Jersey Common Pension Fund D 0.01% of their portfolio | 287.9k $2.1m | Reduced -61.0k |
| AXA S.A. 0.01% of their portfolio | 283.6k $2.0m | Reduced -261.6k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 261.4k $1.9m | Added +484 |
| Asset Management One Co., Ltd. 0.01% of their portfolio | 233.8k $1.7m | Reduced -1.5k |
| TWO SIGMA ADVISERS, LP 0.00% of their portfolio | 229.5k $1.6m | Reduced -54.8k |
| CREDIT SUISSE AG/ 0.00% of their portfolio | 203.5k $1.4m | Added +30.1k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 202.8k $1.4m | Reduced -5.1k |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 197.1k $1.4m | Added +145.9k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 196.8k $1.4m | Reduced -131.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 192.0k $1.4m | Added +1.5k |
| NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio | 192.0k $1.4m | New |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.01% of their portfolio | 178.6k $1.3m | Reduced -64.4k |
| Amundi 0.00% of their portfolio | 175.4k $1.3m | Added +22.9k |
| Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio | 169.5k $1.2m | Reduced -7.2k |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 161.5k $1.2m | Added +142.5k |
| Graham Capital Management, L.P. 0.04% of their portfolio | 152.6k $1.1m | Added +67.3k |
| NOMURA ASSET MANAGEMENT CO LTD 0.01% of their portfolio | 152.5k $1.1m | Added +3.8k |
| PANAGORA ASSET MANAGEMENT INC 0.01% of their portfolio | 148.2k $1.1m | New |
| STRS OHIO 0.00% of their portfolio | 148.1k $1.1m | Reduced -6.1k |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 142.2k $1.0m | Added +10.0k |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio | 142.1k $1.0m | Added +119 |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 129.4k $921.4k | Reduced -40.9k |
| GROUP ONE TRADING LLC 0.03% of their portfolio | 125.9k $896.5k | Reduced -18.9k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 115.6k $823.3k | Added +25.8k |
| CALDWELL SUTTER CAPITAL, INC. 0.69% of their portfolio | 110.7k $788.2k | First filing |
| Jump Financial, LLC 0.04% of their portfolio | 105.2k $749.3k | Added +4.3k |
| Vestcor Inc 0.03% of their portfolio | 105.1k $748.0k | Added +48.1k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 104.9k $747.1k | Added +369 |
| UBS Group AG 0.00% of their portfolio | 102.0k $726.6k | Reduced -3.6k |
| TCW GROUP INC 0.01% of their portfolio | 101.6k $723.5k | Reduced -25.5k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 101.5k $722.5k | Reduced -123 |
| JENNISON ASSOCIATES LLC 0.00% of their portfolio | 90.2k $642.2k | Reduced -2.3k |
| Caption Management, LLC 0.10% of their portfolio | 84.7k $603.0k | Unchanged |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 83.9k $597.6k | Added +15.4k |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.00% of their portfolio | 80.2k $571.0k | Added +54.1k |
| MATHER GROUP, LLC. 0.01% of their portfolio | 80.0k $569.6k | Added +4.8k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.00% of their portfolio | 79.5k $564.5k | Added +6.8k |
| MetLife Investment Management, LLC 0.00% of their portfolio | 79.0k $562.5k | Unchanged |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 77.9k $554.6k | Reduced -1.2m |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 77.6k $552.5k | Reduced -4.0k |
| State of Alaska, Department of Revenue 0.01% of their portfolio | 75.3k $535.0k | Added +868 |
| GATEWAY INVESTMENT ADVISERS LLC 0.01% of their portfolio | 73.8k $525.2k | Added +84 |
| AMERICAN INTERNATIONAL GROUP, INC. 0.00% of their portfolio | 70.9k $504.5k | Reduced -258 |
| Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio | 66.7k $474.7k | Added +750 |
| PICTET ASSET MANAGEMENT SA 0.00% of their portfolio | 66.2k $471.0k | Added +6.4k |
| SG Americas Securities, LLC 0.01% of their portfolio | 64.9k $462.0k | Added +1.2k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 64.4k $458.4k | Reduced -5.8k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 62.1k $442.3k | Reduced -2.4k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 60.2k $428.7k | Reduced -198 |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 60.2k $428.3k | Added +22.5k |
| NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio | 58.1k $413.9k | Reduced -201 |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 57.1k $406.4k | Reduced -3.8k |
| Bleakley Financial Group, LLC 0.01% of their portfolio | 55.0k $391.6k | First filing |
| BAILARD, INC. 0.01% of their portfolio | 54.7k $389.4k | Added +26.6k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 54.7k $390.0k | Added +26.7k |
| Cipher Capital LP 0.07% of their portfolio | 52.7k $375.6k | Reduced -26.3k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio | 51.3k $365.4k | Added +6.9k |
| NISA INVESTMENT ADVISORS, LLC 0.00% of their portfolio | 49.1k $349.0k | Unchanged |
| GSA CAPITAL PARTNERS LLP 0.04% of their portfolio | 46.0k $327.0k | New |