Vault-13

STANDARDAERO INC SARO

COM · Common Stock · CUSIP 85423L103

206 institutional holders +73 vs Q4 2024
268,841,661268.8m shares reported held*
80.4% of all shares outstanding*
$7.2bnreported value*
88 new 84 added 19 reduced 19 sold out net bought ≈ $1.2bn (+173.5m 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 ($2.5m this quarter). Holder counts are more reliable. Shares outstanding: 334.5m as of 2025-03-06, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $26.83. Options: 6 managers hold calls ($1.2m notional), 6 hold puts ($1.5m).

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

0100200300Q4 24: 133Q1 25: 206206Q4 24Q1 25
Numbers
QuarterHolders
Q4 2024133
Q1 2025206

Calls vs puts

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

CallsPuts
$0$1m$2m$3mQ2 24 calls: $0Q2 24 puts: $0Q2 24P/C —Q3 24 calls: $0Q3 24 puts: $0Q3 24P/C —Q4 24 calls: $2.4mQ4 24 puts: $86.7kQ4 24P/C 0.04Q1 25 calls: $1.2mQ1 25 puts: $1.5mQ1 25P/C 1.28
Numbers
QuarterCallsPutsP/C
Q2 2024$0$0—
Q3 2024$0$0—
Q4 2024$2.4m$86.7k0.04
Q1 2025$1.2m$1.5m1.28

Biggest buyers

Carlyle Group Inc. Added +127,676,968+127.7m
VANGUARD GROUP INC Added +3,171,404+3.2m
RAYMOND JAMES FINANCIAL INC Added +2,354,129+2.4m
STATE STREET CORP Added +2,298,615+2.3m
Invesco Ltd. Added +2,168,803+2.2m
Allspring Global Investments Holdings, LLC New +2,076,800+2.1m
JANUS HENDERSON GROUP PLC Added +2,068,857+2.1m
MORGAN STANLEY Added +2,028,330+2.0m
VOYA INVESTMENT MANAGEMENT LLC Added +1,951,816+2.0m
T. Rowe Price Investment Management, Inc. Added +1,902,687+1.9m

Biggest sellers

PRICE T ROWE ASSOCIATES INC /MD/ Reduced -1,177,869-1.2m
JENNISON ASSOCIATES LLC Sold out -931,482-931.5k
NEUBERGER BERMAN GROUP LLC Sold out -578,395-578.4k
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Reduced -403,763-403.8k
Hudson Bay Capital Management LP Reduced -230,000-230.0k
TIGER GLOBAL MANAGEMENT LLC Sold out -160,000-160.0k
MAVERICK CAPITAL LTD Sold out -158,217-158.2k
Verition Fund Management LLC Reduced -116,608-116.6k
MAPLELANE CAPITAL, LLC Sold out -115,304-115.3k
Broad Bay Capital Management, LP Sold out -92,800-92.8k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP New $415.6k15.6k shares
WOLVERINE TRADING, LLC New $293.5k10.8k shares
CITADEL ADVISORS LLC Reduced $255.7k9.6k shares
SIMPLEX TRADING, LLC Added $173.0k6.5k shares
GROUP ONE TRADING LLC New $45.3k1.7k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP New $612.7k23.0k shares
RAYMOND JAMES FINANCIAL INC New $400.0k20.0k shares
JANE STREET GROUP, LLC New $282.4k10.6k shares
CITADEL ADVISORS LLC Added $218.4k8.2k shares
SIMPLEX TRADING, LLC New $2.0k100 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.

HolderStakeChangeShares Last filed
Carlyle Group Inc. 13G · exempt (held before listing) -20.2 pts · filed 2026-05-15 25.4% -20.2 pts 84.6m≈ $2.5bn 2026-05-15
PRICE T ROWE ASSOCIATES INC /MD/ 13G · institution +1.9 pts · filed 2026-08-14 13.6% +1.9 pts 45.3m≈ $1.4bn 2026-08-14
BlackRock, Inc. 13G · institution new · filed 2026-04-27 5.9% new 19.7m≈ $590.3m 2026-04-27
GIC Private Ltd 13G · exempt (held before listing) -4.6 pts · filed 2026-05-07 5.7% -4.6 pts 19.1m≈ $571.1m 2026-05-07

Insider purchases and sales in Q1 2025

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)

BuyingSelling
101Q2 23: 0 buyingQ2 23: 0 sellingQ3 23: 0 buyingQ3 23: 0 sellingQ3 23Q4 23: 0 buyingQ4 23: 0 sellingQ1 24: 0 buyingQ1 24: 0 sellingQ1 24Q2 24: 0 buyingQ2 24: 0 sellingQ3 24: 0 buyingQ3 24: 0 sellingQ3 24Q4 24: 1 buyingQ4 24: 0 sellingQ1 25: 0 buyingQ1 25: 0 sellingQ1 25
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q2 20230—0——
Q3 20230—0——
Q4 20230—0——
Q1 20240—0——
Q2 20240—0——
Q3 20240—0——
Q4 20241$2.5m0——
Q1 20250—0——
DateInsiderTradeSharesPrice ValueTheir holding
2025-03-27 TC Group, LLC +9 10% owner · See Footnotes Sold 29,370,166 $27.16 $797.7m29.4m shares -14%
2025-03-27 GIC Private Ltd +2 10% owner · See Footnotes Sold 6,629,834 $27.16 $180.1m6.6m shares -14%

Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).

Holders, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Carlyle Group Inc. 94.10% of their portfolio WASHINGTON, DC 134,352,830134.4m $3.6bn $3.6bn 94.10% Added +127.7m +127,676,968
2 BlackRock, Inc. 0.01% of their portfolio New York, NY 9,142,8729.1m $243.6m $243.6m 0.01% Added +1.5m +1,546,272
3 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 9,133,7669.1m $243.3m $243.3m 0.00% Added +3.2m +3,171,404
4 T. Rowe Price Investment Management, Inc. 0.15% of their portfolio BALTIMORE, MD 8,418,1958.4m $224.3m $224.3m 0.15% Added +1.9m +1,902,687
5 WELLINGTON MANAGEMENT GROUP LLP 0.04% of their portfolio Boston, MA 8,106,8118.1m $216.0m $216.0m 0.04% Added +678.5k +678,520
6 JANUS HENDERSON GROUP PLC 0.12% of their portfolio LONDON, X0 7,959,3688.0m $216.3m $216.3m 0.12% Added +2.1m +2,068,857
7 NORGES BANK 0.02% of their portfolio OSLO, Q8 5,325,1035.3m $141.9m $141.9m 0.02% Added +300.0k +300,000
8 PRICE T ROWE ASSOCIATES INC /MD/ 0.02% of their portfolio BALTIMORE, MD 5,115,6575.1m $136.3m $136.3m 0.02% Reduced -1.2m -1,177,869
9 ALLIANCEBERNSTEIN L.P. 0.04% of their portfolio NASHVILLE, TN 4,552,8514.6m $121.3m $121.3m 0.04% Added +1.5m +1,505,726
10 BROWN ADVISORY INC 0.15% of their portfolio BALTIMORE, MD 3,827,4993.8m $102.0m $102.0m 0.15% Added +92.4k +92,398
11 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.03% of their portfolio Boston, MA 3,751,8923.8m $100.0m $100.0m 0.03% Reduced -403.8k -403,763
12 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 3,171,5183.2m $84.5m $84.5m 0.00% Added +2.3m +2,298,615
13 VOYA INVESTMENT MANAGEMENT LLC 0.04% of their portfolio ATLANTA, GA 2,943,8902.9m $78.4m $78.4m 0.04% Added +2.0m +1,951,816
14 FMR LLC 0.00% of their portfolio BOSTON, MA 2,832,6942.8m $75.5m $75.5m 0.00% Added +783.8k +783,820
15 FEDERATED HERMES, INC. 0.16% of their portfolio PITTSBURGH, PA 2,803,4832.8m $74.7m $74.7m 0.16% Added +293.0k +292,983
16 SOROS FUND MANAGEMENT LLC 1.28% of their portfolio NEW YORK, NY 2,701,2182.7m $72.0m $72.0m 1.28% Added +1.5m +1,468,393
17 CITADEL ADVISORS LLC 0.07% of their portfolio MIAMI, FL 2,593,6992.6m $69.1m $69.1m 0.07% Added +439.0k +439,000
18 STEADFAST CAPITAL MANAGEMENT LP 1.83% of their portfolio NEW YORK, NY 2,428,2842.4m $64.7m $64.7m 1.83% Added +1.6m +1,558,197
19 RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio ST. PETERSBURG, FL 2,363,8262.4m $63.0m $63.0m 0.02% Added +2.4m +2,354,129
20 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 2,222,5512.2m $59.2m $59.2m 0.01% Added +2.2m +2,168,803
21 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,092,8592.1m $55.8m $55.8m 0.00% Added +2.0m +2,028,330
22 Allspring Global Investments Holdings, LLC 0.10% of their portfolio CHARLOTTE, NC 2,076,8002.1m $55.7m $55.7m 0.10% New
23 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.12% of their portfolio TORONTO, A6 2,013,4002.0m $53.6m $53.6m 0.12% Added +813.4k +813,400
24 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 1,920,8221.9m $51.2m $51.2m 0.01% Added +66.4k +66,439
25 Balyasny Asset Management L.P. 0.12% of their portfolio Chicago, IL 1,827,9531.8m $48.7m $48.7m 0.12% Added +1.3m +1,332,253
26 ALKEON CAPITAL MANAGEMENT LLC 0.29% of their portfolio New York, NY 1,820,0001.8m $48.5m $48.5m 0.29% Added +200.0k +200,000
27 Burkehill Global Management, LP 3.47% of their portfolio NEW YORK, NY 1,750,0001.8m $46.6m $46.6m 3.47% Added +750.0k +750,000
28 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 1,635,0151.6m $43.6m $43.6m 0.00% Added +676.7k +676,662
29 Capital Research Global Investors 0.01% of their portfolio Los Angeles, CA 1,589,1101.6m $42.3m $42.3m 0.01% Unchanged
30 TEACHER RETIREMENT SYSTEM OF TEXAS 0.17% of their portfolio AUSTIN, TX 1,525,0041.5m $40.6m $40.6m 0.17% Added +770.1k +770,124
31 Ghisallo Capital Management LLC 3.13% of their portfolio BOSTON, MA 1,350,0001.4m $36.0m $36.0m 3.13% Added +350.0k +350,000
32 MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 1,231,8941.2m $32.8m $32.8m 0.03% Added +1.1m +1,095,893
33 ArrowMark Colorado Holdings LLC 0.45% of their portfolio Denver, CO 1,044,8531.0m $27.8m $27.8m 0.45% Added +456.3k +456,256
34 Freestone Grove Partners LP 0.28% of their portfolio San Francisco, CA 1,007,5091.0m $26.8m $26.8m 0.28% Added +857.5k +857,509
35 Fortress Investment Group LLC 3.99% of their portfolio NEW YORK, NY 854,601854.6k $22.8m $22.8m 3.99% New
36 Alyeska Investment Group, L.P. 0.09% of their portfolio CHICAGO, IL 832,500832.5k $22.2m $22.2m 0.09% Added +432.5k +432,500
37 JANE STREET GROUP, LLC 0.04% of their portfolio NEW YORK, NY 830,330830.3k $22.1m $22.1m 0.04% Added +732.9k +732,949
38 Davidson Kempner Capital Management LP 0.27% of their portfolio New York, NY 717,300717.3k $19.1m $19.1m 0.27% Added +314.8k +314,800
39 LOOMIS SAYLES & CO L P 0.03% of their portfolio BOSTON, MA 716,236716.2k $19.1m $19.1m 0.03% Added +194.0k +194,015
40 Woodline Partners LP 0.11% of their portfolio San Francisco, CA 655,553655.6k $17.5m $17.5m 0.11% Added +273.7k +273,697
41 SEVEN GRAND MANAGERS, LLC 3.89% of their portfolio BRONXVILLE, NY 625,000625.0k $16.6m $16.6m 3.89% Added +325.0k +325,000
42 Longaeva Partners L.P. 8.67% of their portfolio Chicago, IL 575,000575.0k $15.3m $15.3m 8.67% First filing
43 DEUTSCHE BANK AG\ 0.01% of their portfolio FRANKFURT AM MAIN, 2M 552,989553.0k $14.7m $14.7m 0.01% New
44 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 543,821543.8k $14.5m $14.5m 0.00% Added +223.3k +223,334
45 MARSHALL WACE, LLP 0.02% of their portfolio LONDON, X0 535,223535.2k $14.3m $14.3m 0.02% New
46 UBS Group AG 0.00% of their portfolio ZURICH, V8 535,139535.1k $14.3m $14.3m 0.00% Added +336.0k +336,046
47 Yaupon Capital Management LP 1.03% of their portfolio NEW YORK, NY 525,000525.0k $14.0m $14.0m 1.03% Added +396.5k +396,518
48 TD Asset Management Inc 0.01% of their portfolio Toronto, A6 522,066522.1k $13.9m $13.9m 0.01% Added +40.1k +40,138
49 Sculptor Capital LP 0.30% of their portfolio New York, NY 500,620500.6k $13.3m $13.3m 0.30% New
50 Monashee Investment Management LLC 1.51% of their portfolio Boston, MA 480,000480.0k $12.8m $12.8m 1.51% New
51 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 463,314463.3k $12.3m $12.3m 0.00% New
52 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 461,785461.8k $12.3m $12.3m 0.00% Added +194.7k +194,731
53 ExodusPoint Capital Management, LP 0.15% of their portfolio NEW YORK, NY 418,096418.1k $11.1m $11.1m 0.15% New
54 Walleye Capital LLC 0.12% of their portfolio NEW YORK, NY 403,249403.2k $10.7m $10.7m 0.12% Added +266.1k +266,072
55 Blackstone Inc. 0.05% of their portfolio NEW YORK, NY 400,000400.0k $10.7m $10.7m 0.05% Added +40.0k +40,000
56 Gotham Asset Management, LLC 0.09% of their portfolio NEW YORK, NY 393,082393.1k $10.5m $10.5m 0.09% Added +217.9k +217,867
57 RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio NEW YORK, NY 385,900385.9k $10.3m $10.3m 0.02% New
58 Jain Global LLC 0.21% of their portfolio NEW YORK, NY 377,614377.6k $10.1m $10.1m 0.21% Added +315.0k +315,014
59 Squarepoint Ops LLC 0.02% of their portfolio NEW YORK, NY 342,823342.8k $9.1m $9.1m 0.02% Added +83.4k +83,447
60 OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.19% of their portfolio CHICAGO, IL 300,000300.0k $8.0m $8.0m 0.19% Not comparable
61 NEXT CENTURY GROWTH INVESTORS LLC 0.67% of their portfolio PLYMOUTH, MN 280,661280.7k $7.5m $7.5m 0.67% Added +3.2k +3,179
62 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 256,034256.0k $6.8m $6.8m 0.00% New
63 Quantbot Technologies LP 0.21% of their portfolio NEW YORK, NY 253,138253.1k $6.7m $6.7m 0.21% New
64 Ilex Capital Partners (UK) LLP 0.28% of their portfolio London, X0 252,891252.9k $6.7m $6.7m 0.28% New
65 Kodai Capital Management LP 0.26% of their portfolio CHICAGO, IL 250,860250.9k $6.7m $6.7m 0.26% Added +202.5k +202,500
66 LMR Partners LLP 0.13% of their portfolio LONDON, X0 250,000250.0k $6.7m $6.7m 0.13% New
67 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 248,495248.5k $6.6m $6.6m 0.00% Added +87.9k +87,918
68 Roubaix Capital, LLC 3.44% of their portfolio DENVER, CO 247,685247.7k $6.6m $6.6m 3.44% Added +79.3k +79,319
69 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 245,906245.9k $6.6m $6.6m 0.00% Added +200.7k +200,664
70 BOOTHBAY FUND MANAGEMENT, LLC 0.22% of their portfolio NEW YORK, NY 241,050241.1k $6.4m $6.4m 0.22% Added +208.9k +208,898
71 Swiss National Bank 0.00% of their portfolio ZURICH, V8 223,100223.1k $5.9m $5.9m 0.00% New
72 Legal & General Group Plc 0.00% of their portfolio London, X0 214,620214.6k $5.7m $5.7m 0.00% Added +208.9k +208,904
73 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 209,601209.6k $5.6m $5.6m 0.00% Reduced -1.5k -1,477
74 Zimmer Partners, LP 0.11% of their portfolio NEW YORK, NY 200,000200.0k $5.3m $5.3m 0.11% Added +50.0k +50,000
75 THORNBURG INVESTMENT MANAGEMENT INC 0.07% of their portfolio SANTA FE, NM 194,295194.3k $51.8m $51.8m 0.07% New
76 SEI INVESTMENTS CO 0.01% of their portfolio OAKS, PA 187,283187.3k $5.0m $5.0m 0.01% Added +123.5k +123,519
77 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 179,510179.5k $4.8m $4.8m 0.00% First filing
78 Caisse de depot et placement du Quebec 0.01% of their portfolio Montreal, A8 175,000175.0k $4.7m $4.7m 0.01% New
79 J. Goldman & Co LP 0.17% of their portfolio NEW YORK, NY 175,000175.0k $4.7m $4.7m 0.17% New
80 Point72 Asset Management, L.P. 0.01% of their portfolio STAMFORD, CT 165,136165.1k $4.4m $4.4m 0.01% Added +106.6k +106,603
81 TUDOR INVESTMENT CORP ET AL 0.04% of their portfolio STAMFORD, CT 152,044152.0k $4.1m $4.1m 0.04% New
82 BRANT POINT INVESTMENT MANAGEMENT LLC 0.97% of their portfolio New York, NY 150,000150.0k $4.0m $4.0m 0.97% New
83 Maven Securities LTD 0.87% of their portfolio ST HELIER, Y9 150,000150.0k $4.0m $4.0m 0.87% New
84 Ensign Peak Advisors, Inc 0.01% of their portfolio SALT LAKE CITY, UT 141,115141.1k $3.8m $3.8m 0.01% Added +79.0k +79,025
85 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 138,268138.3k $3.7m $3.7m 0.00% Added +111.6k +111,617
86 Renaissance Capital LLC 2.66% of their portfolio Stamford, CT 129,106129.1k $3.4m $3.4m 2.66% Reduced -32.1k -32,132
87 Pamalican Asset Management Ltd 6.68% of their portfolio HONG KONG, K3 127,690127.7k $3.4m $3.4m 6.68% New
88 LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 126,773126.8k $3.4m $3.4m 0.01% Added +117.7k +117,725
89 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 120,713120.7k $3.2m $3.2m 0.00% New
90 Hudson Bay Capital Management LP 0.02% of their portfolio STAMFORD, CT 120,000120.0k $3.2m $3.2m 0.02% Reduced -230.0k -230,000
91 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 107,448107.4k $2.9m $2.9m 0.00% Reduced -31.3k -31,313
92 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 106,940106.9k $2.8m $2.8m 0.00% Added +101.8k +101,816
93 LOS ANGELES CAPITAL MANAGEMENT LLC 0.01% of their portfolio LOS ANGELES, CA 103,655103.7k $2.8m $2.8m 0.01% New
94 Weiss Asset Management LP 0.07% of their portfolio BOSTON, MA 103,043103.0k $2.7m $2.7m 0.07% Not comparable
95 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 87,57987.6k $2.3m $2.3m 0.01% Added +52.1k +52,070
96 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 79,31979.3k $2.1m $2.1m 0.00% Added +79.3k +79,271
97 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 74,97275.0k $2.0m $2.0m 0.00% New
98 Verition Fund Management LLC 0.01% of their portfolio GREENWICH, CT 73,79073.8k $2.0m $2.0m 0.01% Reduced -116.6k -116,608
99 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 73,36573.4k $2.0m $2.0m 0.00% Added +23.1k +23,086
100 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 70,45770.5k $1.9m $1.9m 0.00% Reduced -13.6k -13,577