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 ($126.1k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $2.96. Options: 1 managers hold calls ($70.1k notional), 5 hold puts ($553.9k).
Trends to Q2 2026
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 |
| Q3 2024 | 196 |
| Q4 2024 | 202 |
| Q1 2025 | 212 |
| Q2 2025 | 211 |
| Q3 2025 | 213 |
| Q4 2025 | 217 |
| Q1 2026 | 187 |
| Q2 2026 | 156 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 88 | 86 |
| Q4 2024 | 90 | 95 |
| Q1 2025 | 115 | 86 |
| Q2 2025 | 97 | 107 |
| Q3 2025 | 116 | 97 |
| Q4 2025 | 119 | 101 |
| Q1 2026 | 102 | 132 |
| Q2 2026 | 58 | 97 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $53.6m | $29.5m | 0.55 |
| Q4 2025 | $13.0m | $13.4m | 1.03 |
| Q1 2026 | $104.6k | $662.2k | 6.33 |
| Q2 2026 | $70.1k | $553.9k | 7.90 |
Biggest buyers
| MANGROVE PARTNERS IM, LLC | New | +4.5m |
| TWO SIGMA INVESTMENTS, LP | Added | +3.9m |
| Owl Creek Asset Management, L.P. | Added | +2.9m |
| Qube Research & Technologies Ltd | Added | +1.4m |
| LPL Financial LLC | Added | +1.1m |
| BlackRock, Inc. | Added | +903.7k |
| TUDOR INVESTMENT CORP ET AL | Added | +692.7k |
| 683 Capital Management, LLC | Added | +650.0k |
| Bulldog Investors, LLP | New | +500.0k |
| CANTOR FITZGERALD, L. P. | Added | +500.0k |
Biggest sellers
| Irenic Capital Management LP | Reduced | -3.6m |
| VANGUARD PORTFOLIO MANAGEMENT LLC | Reduced | -2.7m |
| HRT FINANCIAL LP | Reduced | -1.6m |
| Western Standard LLC | Sold out | -1.6m |
| JANE STREET GROUP, LLC | Reduced | -1.3m |
| DIMENSIONAL FUND ADVISORS LP | Sold out | -930.8k |
| UBS Group AG | Reduced | -766.9k |
| LANDMARK INVESTMENT PARTNERS, L.P. | Reduced | -574.3k |
| OP Asset Management Ltd | Reduced | -424.7k |
| GOLDMAN SACHS GROUP INC | Reduced | -386.1k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $70.1k23.6k shares |
Biggest puts
| JBF Capital, Inc. | Unchanged | $326.7k110.0k shares |
| SIMPLEX TRADING, LLC | Added | $128.0k43.1k shares |
| JANE STREET GROUP, LLC | New | $67.4k22.7k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Unchanged | $30.0k10.1k shares |
| GROUP ONE TRADING LLC | Unchanged | $1.8k600 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 since 1 Apr 2026
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.
None reported since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 17.2m $51.0m | Unchanged |
| Madison Avenue Partners, LP 1.58% of their portfolio | 12.4m $36.8m | Unchanged |
| Newtyn Management, LLC 4.52% of their portfolio | 12.2m $36.2m | Unchanged |
| Weiss Asset Management LP 0.27% of their portfolio | 8.2m $24.2m | Unchanged |
| Owl Creek Asset Management, L.P. 1.56% of their portfolio | 5.9m $17.6m | Added +2.9m |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 5.9m $17.5m | Reduced -2.7m |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 4.7m $14.0m | Added +3.9m |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 4.5m $13.4m | Reduced -187.0k |
| MANGROVE PARTNERS IM, LLC 0.87% of their portfolio | 4.5m $13.2m | New |
| BlackRock, Inc. 0.00% of their portfolio | 3.8m $11.4m | Added +903.7k |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 3.2m $9.5m | Added +1.4m |
| THOMPSON SIEGEL & WALMSLEY LLC 0.14% of their portfolio | 2.7m $8.0m | Added +336.7k |
| SummitTX Capital, L.P. 0.18% of their portfolio | 2.3m $6.9m | Added +296.5k |
| 683 Capital Management, LLC 0.57% of their portfolio | 2.1m $6.2m | Added +650.0k |
| Zimmer Partners, LP 0.14% of their portfolio | 2.0m $6.0m | Unchanged |
| LANDMARK INVESTMENT PARTNERS, L.P. 4.76% of their portfolio | 2.0m $5.1m | Reduced -574.3k |
| Verition Fund Management LLC 0.04% of their portfolio | 1.7m $5.0m | Unchanged |
| LPL Financial LLC 0.00% of their portfolio | 1.6m $4.9m | Added +1.1m |
| Irenic Capital Management LP 0.30% of their portfolio | 1.4m $4.2m | Reduced -3.6m |
| DLD Asset Management, LP 0.31% of their portfolio | 1.3m $3.8m | Added +206.6k |
| TUDOR INVESTMENT CORP ET AL 0.01% of their portfolio | 1.1m $3.4m | Added +692.7k |
| Union Square Park Capital Management, LLC 2.43% of their portfolio | 1.1m $3.3m | Unchanged |
| HRT FINANCIAL LP 0.01% of their portfolio | 1.0m $3.1m | Reduced -1.6m |
| Meros Investment Management, LP 0.91% of their portfolio | 967.1k $2.9m | Reduced -992 |
| CANTOR FITZGERALD, L. P. 0.03% of their portfolio | 900.0k $2.7m | Added +500.0k |
| Alberta Investment Management Corp 0.01% of their portfolio | 850.0k $2.5m | Unchanged |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 835.3k $2.5m | Added +384.9k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 833.8k $2.5m | Reduced -1.3m |
| STATE STREET CORP 0.00% of their portfolio | 721.3k $2.1m | Added +185.2k |
| Greenland Capital Management LP 0.37% of their portfolio | 650.0k $1.9m | Reduced -15.2k |
| LMR Partners LLP 0.01% of their portfolio | 561.1k $1.7m | Unchanged |
| GSA CAPITAL PARTNERS LLP 0.10% of their portfolio | 541.5k $1.6m | Added +146.0k |
| MORGAN STANLEY 0.00% of their portfolio | 538.1k $1.6m | Reduced -69.5k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 533.2k $1.6m | Reduced -17.2k |
| Beverly Hills Private Wealth, LLC 0.29% of their portfolio | 516.1k $1.5m | Added +19.0k |
| Bulldog Investors, LLP 0.33% of their portfolio | 500.0k $1.5m | New |
| Quinn Opportunity Partners LLC 0.07% of their portfolio | 494.9k $1.5m | Unchanged |
| Bleakley Financial Group, LLC 0.02% of their portfolio | 489.1k $1.5m | Added +64.1k |
| Northern Right Capital Management, L.P. 0.42% of their portfolio | 479.3k $1.4m | Unchanged |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 473.0k $1.4m | Added +173.3k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 406.0k $1.2m | Reduced -386.1k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 358.4k $1.1m | Reduced -105.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 351.3k $1.0m | Added +14.5k |
| Yakira Capital Management, Inc. 0.30% of their portfolio | 345.7k $1.0m | Unchanged |
| GABELLI & Co INVESTMENT ADVISERS, INC. 0.14% of their portfolio | 318.3k $945.4k | Reduced -61.1k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 281.2k $834.0k | Added +4.4k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 269.6k $800.9k | Reduced -240.6k |
| Swiss National Bank 0.00% of their portfolio | 259.9k $771.9k | Reduced -6.6k |
| Inspire Investing, LLC 0.03% of their portfolio | 227.0k $674.3k | Added +100.1k |
| GABELLI FUNDS LLC 0.00% of their portfolio | 226.0k $671.3k | Reduced -195.8k |
| Engineers Gate Manager LP 0.01% of their portfolio | 208.3k $618.7k | Added +83.7k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 204.0k $606.0k | Added +282 |
| Alpine Global Management, LLC 0.10% of their portfolio | 200.0k $594.0k | Unchanged |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 189.0k $561.4k | Reduced -8.2k |
| DRW Securities, LLC 0.03% of their portfolio | 174.6k $518.4k | Reduced -6.4k |
| Invesco Ltd. 0.00% of their portfolio | 161.6k $480.0k | Added +8.7k |
| EVERGREEN CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 152.6k $453.2k | New |
| Squarepoint Ops LLC 0.00% of their portfolio | 140.4k $417.0k | Reduced -198.8k |
| State of New Jersey Common Pension Fund D 0.00% of their portfolio | 138.8k $412.2k | Unchanged |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio | 127.0k $377.1k | Added +31.4k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 126.1k $374.5k | Unchanged |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 112.1k $333.0k | Unchanged |
| CALDWELL SUTTER CAPITAL, INC. 0.11% of their portfolio | 98.5k $292.4k | Reduced -6.9k |
| UBS Group AG 0.00% of their portfolio | 91.6k $272.0k | Reduced -766.9k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 88.8k $263.8k | Unchanged |
| Legal & General Group Plc 0.00% of their portfolio | 88.4k $262.5k | Added +26.4k |
| Jain Global LLC 0.00% of their portfolio | 81.9k $243.4k | New |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 81.8k $242.0k | Unchanged |
| XTX Topco Ltd 0.00% of their portfolio | 81.2k $241.2k | Reduced -257.4k |
| BOOTHBAY FUND MANAGEMENT, LLC 0.00% of their portfolio | 80.6k $239.3k | Reduced -56.2k |
| OP Asset Management Ltd 0.00% of their portfolio | 80.6k $239.3k | Reduced -424.7k |
| Connor, Clark & Lunn Investment Management Ltd. 0.00% of their portfolio | 74.7k $221.8k | Added +10.6k |
| BARCLAYS PLC 0.00% of their portfolio | 66.0k $196.0k | Reduced -121.4k |
| Jupiter Topco LLC 0.00% of their portfolio | 65.8k $195.2k | First filing |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 64.2k $190.8k | Reduced -49.1k |
| CITIGROUP INC 0.00% of their portfolio | 63.2k $187.8k | Reduced -377.4k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.00% of their portfolio | 61.0k $181.1k | Reduced -11.2k |
| Tidal Investments LLC 0.00% of their portfolio | 60.9k $180.8k | Reduced -4.8k |
| Worth Venture Partners, LLC 0.39% of their portfolio | 57.9k $172.0k | Unchanged |
| Balyasny Asset Management L.P. 0.00% of their portfolio | 55.7k $165.3k | Reduced -53.6k |
| Vanguard Personalized Indexing Management, LLC 0.00% of their portfolio | 52.1k $154.8k | Added +38.5k |
| GTS SECURITIES LLC 0.00% of their portfolio | 50.3k $149.5k | Added +189 |
| State of Wyoming 0.01% of their portfolio | 48.7k $144.5k | Added +25.5k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 48.5k $144.1k | Reduced -163.5k |
| Creative Planning 0.00% of their portfolio | 44.9k $133.4k | Added +34.3k |
| Clear Harbor Asset Management, LLC 0.01% of their portfolio | 42.0k $124.9k | Reduced -850 |
| Quantinno Capital Management LP 0.00% of their portfolio | 41.7k $124.0k | Reduced -37.5k |
| Avise Financial Cooperative, Inc. 0.08% of their portfolio | 40.2k $119.5k | Added +2.8k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 39.8k $118.3k | Reduced -132.2k |
| Quantbot Technologies LP 0.00% of their portfolio | 36.2k $107.4k | New |
| ARIZONA STATE RETIREMENT SYSTEM 0.00% of their portfolio | 35.7k $106.1k | Reduced -1.5k |
| Vanguard Investments Australia, Ltd. 0.00% of their portfolio | 31.8k $94.5k | Unchanged |
| MACQUARIE GROUP LTD 0.00% of their portfolio | 31.7k $94.3k | New |
| T3 Companies, LLC 0.10% of their portfolio | 30.0k $89.1k | Unchanged |
| MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio | 29.0k $86.2k | Reduced -2.9k |
| KLP KAPITALFORVALTNING AS 0.00% of their portfolio | 28.9k $85.9k | Unchanged |
| Vestcor Inc 0.00% of their portfolio | 26.6k $79.0k | Unchanged |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 23.3k $69.3k | Reduced -27.7k |
| Cetera Investment Advisers 0.00% of their portfolio | 22.0k $65.4k | Reduced -299 |
| Allianz Asset Management GmbH 0.00% of their portfolio | 21.9k $65.1k | Unchanged |