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 ($186.0k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $8.29. Options: 3 managers hold calls ($426.1k notional), 4 hold puts ($444.5k).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 200 |
| Q4 2022 | 195 |
| Q1 2023 | 190 |
| Q2 2023 | 199 |
| Q3 2023 | 196 |
| Q4 2023 | 184 |
| Q1 2024 | 179 |
| Q2 2024 | 187 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 83 | 90 |
| Q1 2023 | 90 | 90 |
| Q2 2023 | 89 | 91 |
| Q3 2023 | 73 | 102 |
| Q4 2023 | 73 | 112 |
| Q1 2024 | 73 | 100 |
| Q2 2024 | 99 | 78 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $57.7m | $1.6m | 0.03 |
| Q4 2023 | $2.3m | $2.3m | 0.99 |
| Q1 2024 | $195.7k | $729.6k | 3.73 |
| Q2 2024 | $426.1k | $444.5k | 1.04 |
Biggest buyers
| CITADEL ADVISORS LLC | Added | +1.3m |
| Newtyn Management, LLC | Added | +769.4k |
| MILLENNIUM MANAGEMENT LLC | Added | +538.3k |
| Cubist Systematic Strategies, LLC | New | +473.0k |
| Carlson Capital, L.P. | New | +459.1k |
| TUDOR INVESTMENT CORP ET AL | New | +386.2k |
| GOLDMAN SACHS GROUP INC | Added | +368.8k |
| DigitalBridge Group, Inc. | Added | +316.8k |
| NORGES BANK | Added | +304.8k |
| D. E. Shaw & Co., Inc. | Added | +285.0k |
Biggest sellers
| MORGAN STANLEY | Reduced | -7.9m |
| Verition Fund Management LLC | Reduced | -3.9m |
| Long Pond Capital, LP | Sold out | -3.7m |
| V3 Capital Management, L.P. | Reduced | -1.9m |
| Waterfront Capital Partners, LLC | Sold out | -1.2m |
| VANGUARD GROUP INC | Reduced | -507.0k |
| ExodusPoint Capital Management, LP | Reduced | -506.7k |
| BANK OF AMERICA CORP /DE/ | Reduced | -371.8k |
| THOMPSON SIEGEL & WALMSLEY LLC | Sold out | -196.4k |
| Uniplan Investment Counsel, Inc. | Reduced | -195.4k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $377.2k45.5k shares |
| CITADEL ADVISORS LLC | Reduced | $48.9k5.9k shares |
| Covestor Ltd | New | $0202 shares |
Biggest puts
| GROUP ONE TRADING LLC | Reduced | $422.8k51.0k shares |
| CITADEL ADVISORS LLC | Reduced | $20.7k2.5k shares |
| SIMPLEX TRADING, LLC | Reduced | $1.0k200 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 Q2 2024
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 |
|---|---|---|---|---|---|
| Q3 2022 | 1 | $1.0k | 0 | — | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 0 | — | 0 | — | — |
| Q2 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
None reported in Q2 2024.
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.00% of their portfolio | 19.2m $159.2m | Reduced -507.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.02% of their portfolio | 17.7m $146.9m | Reduced -31.1k |
| BlackRock Inc. 0.00% of their portfolio | 14.9m $123.7m | Added +258.3k |
| STATE STREET CORP 0.00% of their portfolio | 6.1m $50.4m | Reduced -183.7k |
| MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio | 6.0m $49.8m | Added +538.3k |
| Irenic Capital Management LP 7.69% of their portfolio | 3.8m $31.7m | Added +150.0k |
| Newtyn Management, LLC 5.87% of their portfolio | 3.8m $31.2m | Added +769.4k |
| V3 Capital Management, L.P. 100.00% of their portfolio | 3.7m $30.4m | Reduced -1.9m |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 3.4m $28.1m | Added +81.1k |
| T. Rowe Price Investment Management, Inc. 0.02% of their portfolio | 3.1m $26.0m | Added +80.6k |
| MORGAN STANLEY 0.00% of their portfolio | 2.4m $20.0m | Reduced -7.9m |
| DigitalBridge Group, Inc. 1.39% of their portfolio | 1.9m $15.7m | Added +316.8k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 1.9m $15.6m | Added +9.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 1.8m $14.9m | Reduced -4.1k |
| Balyasny Asset Management L.P. 0.03% of their portfolio | 1.4m $12.0m | Added +270.0k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 1.4m $11.6m | Added +1.3m |
| Man Group plc 0.03% of their portfolio | 1.3m $10.9m | Added +125.8k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.3m $10.9m | Added +83.9k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.3m $10.6m | Reduced -78.3k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.1m $9.4m | Reduced -371.8k |
| Uniplan Investment Counsel, Inc. 0.79% of their portfolio | 1.1m $8.7m | Reduced -195.4k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 919.1k $7.6m | Added +285.0k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 917.4k $7.6m | Added +368.8k |
| Legal & General Group Plc 0.00% of their portfolio | 859.7k $7.1m | Reduced -91.1k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 808.0k $6.7m | Added +59.6k |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 766.2k $6.4m | Added +179.3k |
| VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 673.3k $5.6m | Added +7.4k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 638.9k $5.3m | Added +31.1k |
| NORGES BANK 0.00% of their portfolio | 626.1k $5.2m | Added +304.8k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 544.0k $4.5m | Added +2.8k |
| Meros Investment Management, LP 1.99% of their portfolio | 508.8k $4.2m | Added +22.8k |
| Western Standard LLC 4.28% of their portfolio | 499.2k $4.1m | Added +250.0k |
| Cubist Systematic Strategies, LLC 0.07% of their portfolio | 473.0k $3.9m | New |
| BARCLAYS PLC 0.00% of their portfolio | 467.6k $3.9m | Reduced -2.0k |
| Carlson Capital, L.P. 0.59% of their portfolio | 459.1k $3.8m | New |
| TUDOR INVESTMENT CORP ET AL 0.04% of their portfolio | 386.2k $3.2m | New |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 323.2k $2.7m | Reduced -55.7k |
| Anson Funds Management LP 0.38% of their portfolio | 317.0k $2.6m | Added +45.0k |
| Invesco Ltd. 0.00% of their portfolio | 291.2k $2.4m | Added +996 |
| OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.07% of their portfolio | 285.6k $2.4m | Added +92.4k |
| PRELUDE CAPITAL MANAGEMENT, LLC 0.19% of their portfolio | 274.9k $2.3m | Added +45.1k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 259.4k $2.2m | New |
| ExodusPoint Capital Management, LP 0.02% of their portfolio | 257.5k $2.1m | Reduced -506.7k |
| Swiss National Bank 0.00% of their portfolio | 256.4k $2.1m | Reduced -2.7k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 247.6k $2.1m | Reduced -18.5k |
| AlphaQuest LLC 0.25% of their portfolio | 220.3k $1.8m | Added +171.9k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 213.3k $1.8m | Added +56.8k |
| Asset Management One Co., Ltd. 0.01% of their portfolio | 197.3k $1.6m | Unchanged |
| Verition Fund Management LLC 0.01% of their portfolio | 196.8k $1.6m | Reduced -3.9m |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 189.6k $1.6m | Reduced -2.2k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.01% of their portfolio | 188.6k $1.6m | Reduced -2.8k |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 187.6k $1.6m | Added +15.5k |
| NOMURA ASSET MANAGEMENT CO LTD 0.00% of their portfolio | 163.7k $1.4m | Added +9.7k |
| Beverly Hills Private Wealth, LLC 0.29% of their portfolio | 163.7k $1.4m | Added +51.5k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 154.9k $1.3m | Added +66.5k |
| Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio | 151.8k $1.3m | Added +3.9k |
| Simplicity Wealth,LLC 0.03% of their portfolio | 144.9k $1.2m | Added +89 |
| Bleakley Financial Group, LLC 0.03% of their portfolio | 144.9k $1.2m | Added +89 |
| SG Americas Securities, LLC 0.01% of their portfolio | 139.3k $1.2m | Added +123.8k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 130.2k $1.1m | Added +67.9k |
| State of New Jersey Common Pension Fund D 0.00% of their portfolio | 128.8k $1.1m | Reduced -91.2k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 127.9k $1.1m | Reduced -4.4k |
| Susquehanna Portfolio Strategies, LLC 0.04% of their portfolio | 123.5k $1.0m | Reduced -11.0k |
| Tolleson Wealth Management, Inc. 0.20% of their portfolio | 119.4k $990.0k | Unchanged |
| Y-Intercept (Hong Kong) Ltd 0.05% of their portfolio | 118.6k $983.1k | New |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 118.2k $976.5k | Added +17.0k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 109.3k $906.3k | Added +43.8k |
| Jump Financial, LLC 0.02% of their portfolio | 107.2k $888.7k | Reduced -15.8k |
| CALDWELL SUTTER CAPITAL, INC. 0.42% of their portfolio | 102.3k $848.1k | Reduced -2.4k |
| Quantbot Technologies LP 0.04% of their portfolio | 95.2k $789.4k | New |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.00% of their portfolio | 87.1k $721.7k | Unchanged |
| UBS Group AG 0.00% of their portfolio | 86.5k $717.2k | Reduced -106.3k |
| MetLife Investment Management, LLC 0.00% of their portfolio | 86.2k $714.9k | Added +16.5k |
| Amundi 0.00% of their portfolio | 85.6k $708.5k | Reduced -1.2k |
| Corebridge Financial, Inc. 0.00% of their portfolio | 76.5k $634.4k | First filing |
| BOOTHBAY FUND MANAGEMENT, LLC 0.02% of their portfolio | 74.1k $614.2k | Reduced -13.5k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 73.2k $607.0k | First filing |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 73.0k $605.2k | Added +1.5k |
| State of Alaska, Department of Revenue 0.01% of their portfolio | 68.3k $564.0k | Reduced -25 |
| NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio | 67.9k $563.0k | Added +6.5k |
| Squarepoint Ops LLC 0.00% of their portfolio | 66.7k $552.9k | Reduced -4.0k |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 65.8k $545.4k | Reduced -683 |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 64.4k $534.2k | Added +70 |
| K2 PRINCIPAL FUND, L.P. 0.11% of their portfolio | 61.3k $508.3k | Reduced -192.0k |
| CITIGROUP INC 0.00% of their portfolio | 57.4k $476.1k | Added +1.1k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 54.9k $455.2k | Added +3.7k |
| Resona Asset Management Co.,Ltd. 0.00% of their portfolio | 54.3k $440.2k | Added +1.7k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 54.3k $450.3k | Reduced -76 |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 51.2k $424.3k | Reduced -36.3k |
| MACQUARIE GROUP LTD 0.00% of their portfolio | 50.6k $419.9k | Reduced -2 |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio | 50.5k $418.7k | Unchanged |
| NISA INVESTMENT ADVISORS, LLC 0.00% of their portfolio | 49.5k $410.5k | Added +1.1k |
| Pictet Asset Management Holding SA 0.00% of their portfolio | 46.3k $384.1k | Added +3.9k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio | 45.4k $376.5k | Added +12.3k |
| Daiwa Securities Group Inc. 0.00% of their portfolio | 41.7k $346.0k | Reduced -1.3k |
| Handelsbanken Fonder AB 0.00% of their portfolio | 41.0k $340.0k | Added +11.1k |
| UniSuper Management Pty Ltd 0.00% of their portfolio | 39.8k $329.8k | Reduced -3.6k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 39.5k $327.2k | Reduced -1.9k |
| ARIZONA STATE RETIREMENT SYSTEM 0.00% of their portfolio | 36.5k $302.5k | Added +435 |
| SHERBROOKE PARK ADVISERS LLC 0.05% of their portfolio | 35.6k $295.4k | New |