Vault-13

AERCAP HOLDINGS NV AER

SHS · Common Stock · CUSIP N00985106

510 institutional holders +27 vs Q1 2024
178,678,015178.7m shares reported held*
$16.7bnreported value*
72 new 199 added 171 reduced 48 sold out net sold ≈ $689.2m (-7.4m 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 ($314.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $93.21. Options: 18 managers hold calls ($80.5m notional), 21 hold puts ($170.8m).

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 307Q4 22: 329Q1 23: 367Q2 23: 376Q3 23: 389Q4 23: 453Q1 24: 483Q2 24: 510510Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 2022307
Q4 2022329
Q1 2023367
Q2 2023376
Q3 2023389
Q4 2023453
Q1 2024483
Q2 2024510

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
4000400Q4 22: 155 bought or addedQ4 22: 163 cut or sold outQ4 22Q1 23: 217 bought or addedQ1 23: 134 cut or sold outQ2 23: 178 bought or addedQ2 23: 179 cut or sold outQ2 23Q3 23: 237 bought or addedQ3 23: 150 cut or sold outQ4 23: 285 bought or addedQ4 23: 153 cut or sold outQ4 23Q1 24: 253 bought or addedQ1 24: 222 cut or sold outQ2 24: 271 bought or addedQ2 24: 219 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 2022155163
Q1 2023217134
Q2 2023178179
Q3 2023237150
Q4 2023285153
Q1 2024253222
Q2 2024271219

Calls vs puts

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

CallsPuts
$0$50m$100m$150m$200mQ3 23 calls: $40.3mQ3 23 puts: $55.9mQ3 23P/C 1.39Q4 23 calls: $71.8mQ4 23 puts: $92.3mQ4 23P/C 1.29Q1 24 calls: $144.2mQ1 24 puts: $119.9mQ1 24P/C 0.83Q2 24 calls: $80.5mQ2 24 puts: $170.8mQ2 24P/C 2.12
Numbers
QuarterCallsPutsP/C
Q3 2023$40.3m$55.9m1.39
Q4 2023$71.8m$92.3m1.29
Q1 2024$144.2m$119.9m0.83
Q2 2024$80.5m$170.8m2.12

Biggest buyers

LORD, ABBETT & CO. LLC Added +1,620,266+1.6m
Invesco Ltd. Added +1,521,898+1.5m
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Added +1,350,712+1.4m
AMERIPRISE FINANCIAL INC Added +877,522+877.5k
59 North Capital Management, LP Added +877,507+877.5k
Amundi Added +844,525+844.5k
Clal Insurance Enterprises Holdings Ltd New +612,941+612.9k
Castle Hook Partners LP Added +593,464+593.5k
Artisan Partners Limited Partnership Added +560,185+560.2k
BlackRock Inc. Added +443,055+443.1k

Biggest sellers

MORGAN STANLEY Reduced -4,515,558-4.5m
WELLINGTON MANAGEMENT GROUP LLP Reduced -2,565,476-2.6m
Allspring Global Investments Holdings, LLC Reduced -1,205,586-1.2m
Parsifal Capital Management, LP Sold out -1,033,626-1.0m
DENDUR CAPITAL LP Sold out -930,000-930.0k
Alyeska Investment Group, L.P. Reduced -887,044-887.0k
D. E. Shaw & Co., Inc. Reduced -833,819-833.8k
MILLENNIUM MANAGEMENT LLC Reduced -807,908-807.9k
COOKE & BIELER LP Reduced -716,542-716.5k
Southpoint Capital Advisors LP Sold out -699,584-699.6k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $16.3m175.0k shares
D. E. Shaw & Co., Inc. Added $9.7m104.1k shares
CITADEL ADVISORS LLC Reduced $9.5m101.9k shares
Walleye Capital LLC Added $9.3m100.1k shares
Twin Tree Management, LP Reduced $7.0m75.3k shares
JANE STREET GROUP, LLC Reduced $5.5m58.5k shares
PEAK6 Investments LLC Added $4.9m52.7k shares
SIMPLEX TRADING, LLC Reduced $4.4m47.7k shares
IMC-Chicago, LLC Added $3.4m36.6k shares
Squarepoint Ops LLC Added $2.2m23.3k shares

Biggest puts

Walleye Capital LLC Added $44.5m477.4k shares
JANE STREET GROUP, LLC Added $28.9m310.5k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $27.4m294.0k shares
Parallax Volatility Advisers, L.P. New $9.3m100.0k shares
SIMPLEX TRADING, LLC Added $7.7m82.4k shares
SCOPUS ASSET MANAGEMENT, L.P. New $7.0m75.0k shares
CITADEL ADVISORS LLC Reduced $6.6m71.0k shares
CITIGROUP INC New $6.5m70.0k shares
CAPITAL FUND MANAGEMENT S.A. Reduced $4.1m44.3k shares
IMC-Chicago, LLC Added $4.0m43.3k 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
BlackRock, Inc. 13G · institution filed 2026-07-27 7.0% 11.0m≈ $1.6bn 2026-07-27

Fell to 5% or below in the last year: EAGLE CAPITAL MANAGEMENT LLC (4.4%, 2026-05-15)

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.

None reported in Q2 2024.

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 WELLINGTON MANAGEMENT GROUP LLP 0.26% of their portfolio Boston, MA 15,595,81315.6m $1.5bn $1.5bn 0.26% Reduced -2.6m -2,565,476
2 EAGLE CAPITAL MANAGEMENT LLC 4.16% of their portfolio New York, NY 12,022,31412.0m $1.1bn $1.1bn 4.16% Reduced -249.4k -249,355
3 BlackRock Inc. 0.02% of their portfolio New York, NY 10,843,64510.8m $1.0bn $1.0bn 0.02% Added +443.1k +443,055
4 Allspring Global Investments Holdings, LLC 0.98% of their portfolio CHARLOTTE, NC 6,476,9106.5m $603.6m $603.6m 0.98% Reduced -1.2m -1,205,586
5 FRANKLIN RESOURCES INC 0.15% of their portfolio San Mateo, CA 5,318,2285.3m $495.7m $495.7m 0.15% Reduced -100.0k -100,005
6 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.38% of their portfolio BOSTON, MA 4,686,5754.7m $436.8m $436.8m 0.38% Reduced -291.9k -291,891
7 LORD, ABBETT & CO. LLC 0.70% of their portfolio JERSEY CITY, NJ 4,572,0104.6m $426.1m $426.1m 0.70% Added +1.6m +1,620,266
8 Amundi 0.16% of their portfolio Paris, I0 4,570,1404.6m $429.1m $429.1m 0.16% Added +844.5k +844,525
9 STATE STREET CORP 0.02% of their portfolio BOSTON, MA 4,491,6114.5m $418.6m $418.6m 0.02% Added +341.0k +341,006
10 Artisan Partners Limited Partnership 0.56% of their portfolio Milwaukee, WI 3,957,1044.0m $368.8m $368.8m 0.56% Added +560.2k +560,185
11 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 3,526,0243.5m $328.6m $328.6m 0.01% Reduced -96.4k -96,372
12 DONALD SMITH & CO., INC. 8.32% of their portfolio NEW YORK, NY 3,501,3133.5m $326.3m $326.3m 8.32% Reduced -578.8k -578,757
13 D. E. Shaw & Co., Inc. 0.45% of their portfolio New York, NY 3,476,8423.5m $324.0m $324.0m 0.45% Reduced -833.8k -833,819
14 LONDON CO OF VIRGINIA 1.79% of their portfolio RICHMOND, VA 3,418,5853.4m $318.6m $318.6m 1.79% Reduced -40.3k -40,289
15 COOKE & BIELER LP 2.94% of their portfolio PHILADELPHIA, PA 3,273,9473.3m $305.1m $305.1m 2.94% Reduced -716.5k -716,542
16 59 North Capital Management, LP 14.85% of their portfolio Houston, TX 3,232,9753.2m $301.3m $301.3m 14.85% Added +877.5k +877,507
17 LYRICAL ASSET MANAGEMENT LP 4.80% of their portfolio NEW YORK, NY 3,203,9513.2m $298.6m $298.6m 4.80% Reduced -83.8k -83,765
18 Ninety One UK Ltd 0.70% of their portfolio London, X0 2,707,1952.7m $252.3m $252.3m 0.70% Reduced -166.9k -166,877
19 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 2,607,2432.6m $243.0m $243.0m 0.02% Reduced -4.5m -4,515,558
20 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.07% of their portfolio NEW YORK, NY 2,588,0802.6m $241.2m $241.2m 0.07% Added +1.4m +1,350,712
21 NORGES BANK 0.03% of their portfolio OSLO, Q8 2,326,0932.3m $216.8m $216.8m 0.03% Added +355.0k +354,981
22 REDWOOD CAPITAL MANAGEMENT, LLC 30.69% of their portfolio New York, NY 2,142,0232.1m $199.6m $199.6m 30.69% Unchanged
23 Slate Path Capital LP 3.77% of their portfolio New York, NY 1,998,0002.0m $186.2m $186.2m 3.77% Unchanged
24 BARROW HANLEY MEWHINNEY & STRAUSS LLC 0.59% of their portfolio DALLAS, TX 1,860,7571.9m $173.4m $173.4m 0.59% Added +208.4k +208,407
25 Invesco Ltd. 0.04% of their portfolio ATLANTA, GA 1,775,4551.8m $165.5m $165.5m 0.04% Added +1.5m +1,521,898
26 PRICE T ROWE ASSOCIATES INC /MD/ 0.02% of their portfolio BALTIMORE, MD 1,731,4751.7m $161.4m $161.4m 0.02% Added +30.0k +30,037
27 FMR LLC 0.01% of their portfolio BOSTON, MA 1,715,1301.7m $159.9m $159.9m 0.01% Reduced -11.1k -11,144
28 THOMPSON SIEGEL & WALMSLEY LLC 2.52% of their portfolio RICHMOND, VA 1,682,1201.7m $156.8m $156.8m 2.52% Reduced -132.8k -132,826
29 GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BOSTON, MA 1,678,2141.7m $155.4m $155.4m 0.01% Added +169.3k +169,343
30 Rockefeller Capital Management L.P. 0.44% of their portfolio NEW YORK, NY 1,676,7091.7m $156.3m $156.3m 0.44% Reduced -18.1k -18,110
31 Castle Hook Partners LP 5.40% of their portfolio NEW YORK, NY 1,675,7591.7m $156.2m $156.2m 5.40% Added +593.5k +593,464
32 Perpetual Ltd 1.69% of their portfolio SYDNEY, NEW SOUTH WALES, C3 1,665,7681.7m $155.2m $155.2m 1.69% Reduced -149.4k -149,388
33 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 1,621,7571.6m $151.1m $151.1m 0.01% Added +258.0k +257,983
34 Empyrean Capital Partners, LP 9.07% of their portfolio LOS ANGELES, CA 1,600,0001.6m $149.1m $149.1m 9.07% Reduced -315.0k -315,000
35 NEUBERGER BERMAN GROUP LLC 0.12% of their portfolio NEW YORK, NY 1,597,7901.6m $148.9m $148.9m 0.12% Added +58.9k +58,896
36 AMERIPRISE FINANCIAL INC 0.04% of their portfolio MINNEAPOLIS, MN 1,576,4901.6m $147.1m $147.1m 0.04% Added +877.5k +877,522
37 SOROS FUND MANAGEMENT LLC 3.26% of their portfolio NEW YORK, NY 1,556,9851.6m $145.1m $145.1m 3.26% Reduced -409.4k -409,358
38 Brandywine Global Investment Management, LLC 1.01% of their portfolio PHILADELPHIA, PA 1,450,2661.5m $135.2m $135.2m 1.01% Reduced -285.2k -285,218
39 DEUTSCHE BANK AG\ 0.06% of their portfolio FRANKFURT AM MAIN, 2M 1,435,3431.4m $133.8m $133.8m 0.06% Added +95.0k +94,951
40 Legal & General Group Plc 0.04% of their portfolio London, X0 1,334,9761.3m $124.4m $124.4m 0.04% Added +321.9k +321,921
41 Balyasny Asset Management L.P. 0.27% of their portfolio Chicago, IL 1,101,7411.1m $102.7m $102.7m 0.27% Added +280.1k +280,129
42 Ion Asset Management Ltd. 6.66% of their portfolio Herzliya, L3 1,072,6571.1m $100.0m $100.0m 6.66% Reduced -53.6k -53,643
43 AGF MANAGEMENT LTD 0.55% of their portfolio TORONTO, A6 1,068,4471.1m $99.6m $99.6m 0.55% Added +279.6k +279,561
44 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.37% of their portfolio JUPITER, FL 1,067,9441.1m $99.5m $99.5m 0.37% Reduced -148.6k -148,635
45 TWO SIGMA ADVISERS, LP 0.20% of their portfolio NEW YORK, NY 959,900959.9k $89.5m $89.5m 0.20% Added +87.1k +87,100
46 Palestra Capital Management LLC 3.49% of their portfolio NEW YORK, NY 949,866949.9k $88.5m $88.5m 3.49% Reduced -96.6k -96,629
47 Russell Investments Group, Ltd. 0.14% of their portfolio Seattle, WA 941,359941.4k $87.7m $87.7m 0.14% Reduced -57.2k -57,167
48 140 Summer Partners LP 10.14% of their portfolio New York, NY 897,940897.9k $83.7m $83.7m 10.14% Reduced -20.1k -20,051
49 CapitalatWork S.A. 2.82% of their portfolio AUDERGHEM, C9 881,715881.7k $82.2m $82.2m 2.82% Added +134.1k +134,141
50 CHECK CAPITAL MANAGEMENT INC/CA 5.94% of their portfolio COSTA MESA, CA 871,252871.3k $81.2m $81.2m 5.94% Reduced -639 -639
51 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 860,849860.8k $80.2m $80.2m 0.01% Added +99.3k +99,307
52 Aristotle Capital Boston, LLC 2.51% of their portfolio BOSTON, MA 799,840799.8k $74.5m $74.5m 2.51% Reduced -90.6k -90,553
53 SEI INVESTMENTS CO 0.11% of their portfolio OAKS, PA 799,416799.4k $74.5m $74.5m 0.11% Added +71.3k +71,322
54 Alyeska Investment Group, L.P. 0.39% of their portfolio CHICAGO, IL 726,612726.6k $67.7m $67.7m 0.39% Reduced -887.0k -887,044
55 Kinetic Partners Management, LP 4.53% of their portfolio Miami, FL 667,500667.5k $62.2m $62.2m 4.53% Added +366.6k +366,600
56 Point72 Asset Management, L.P. 0.20% of their portfolio STAMFORD, CT 663,587663.6k $61.8m $61.8m 0.20% Added +428.5k +428,487
57 TWO SIGMA INVESTMENTS, LP 0.14% of their portfolio NEW YORK, NY 644,592644.6k $60.1m $60.1m 0.14% Reduced -396.1k -396,096
58 TRAN CAPITAL MANAGEMENT, L.P. 6.74% of their portfolio SAN RAFAEL, CA 623,466623.5k $58.1m $58.1m 6.74% Reduced -21.9k -21,884
59 Clal Insurance Enterprises Holdings Ltd 0.60% of their portfolio Tel-aviv, L3 612,941612.9k $57.1m $57.1m 0.60% New
60 Swiss National Bank 0.04% of their portfolio ZURICH, V8 610,700610.7k $56.9m $56.9m 0.04% Added +15.1k +15,100
61 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 595,591595.6k $55.5m $55.5m 0.01% Added +40.2k +40,170
62 Blackstone Inc. 0.24% of their portfolio NEW YORK, NY 575,000575.0k $53.6m $53.6m 0.24% Unchanged
63 Nuveen Asset Management, LLC 0.01% of their portfolio CHICAGO, IL 542,043542.0k $50.5m $50.5m 0.01% Added +7.8k +7,819
64 NEW YORK STATE COMMON RETIREMENT FUND 0.06% of their portfolio ALBANY, NY 529,693529.7k $49.4m $49.4m 0.06% Added +19.0k +19,010
65 MANGROVE PARTNERS IM, LLC 3.91% of their portfolio Greenwich, CT 524,365524.4k $48.9m $48.9m 3.91% Reduced -25.6k -25,649
66 TODD ASSET MANAGEMENT LLC 1.01% of their portfolio Louisville, KY 522,502522.5k $48.7m $48.7m 1.01% Added +588 +588
67 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 472,340472.3k $44.0m $44.0m 0.00% Added +10.2k +10,178
68 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 457,914457.9k $42.7m $42.7m 0.01% Reduced -11.5k -11,526
69 GOLDENTREE ASSET MANAGEMENT LP 3.48% of their portfolio NEW YORK, NY 450,000450.0k $41.9m $41.9m 3.48% Reduced -347.9k -347,943
70 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 449,739449.7k $41.9m $41.9m 0.01% Reduced -28.6k -28,643
71 Luxor Capital Group, LP 6.48% of their portfolio NEW YORK, NY 427,769427.8k $39.9m $39.9m 6.48% Added +178.4k +178,440
72 Man Group plc 0.10% of their portfolio LONDON, X0 422,216422.2k $39.4m $39.4m 0.10% Added +206.8k +206,829
73 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 411,574411.6k $38.4m $38.4m 0.01% Added +77.4k +77,403
74 Janney Montgomery Scott LLC 0.12% of their portfolio PHILADELPHIA, PA 409,349409.3k $38.2m $38.2m 0.12% Reduced -8.9k -8,865
75 Sumitomo Mitsui Trust Group, Inc. 0.03% of their portfolio CHIYODA-KU, TOKYO, M0 390,584390.6k $36.4m $36.4m 0.03% Reduced -27.5k -27,487
76 California Public Employees Retirement System 0.03% of their portfolio Sacramento, CA 370,597370.6k $34.5m $34.5m 0.03% Added +10.2k +10,155
77 ExodusPoint Capital Management, LP 0.37% of their portfolio NEW YORK, NY 360,241360.2k $33.6m $33.6m 0.37% Added +135.8k +135,778
78 Davidson Kempner Capital Management LP 0.52% of their portfolio New York, NY 340,000340.0k $31.7m $31.7m 0.52% Not comparable
79 TEACHER RETIREMENT SYSTEM OF TEXAS 0.18% of their portfolio AUSTIN, TX 339,412339.4k $31.6m $31.6m 0.18% Added +101.1k +101,138
80 New Age Alpha Advisors, LLC 16.61% of their portfolio RYE, NY 322,100322.1k $30.0m $30.0m 16.61% Unchanged
81 National Pension Service 0.03% of their portfolio JEONJU-SI, JEOLLABUK-DO, M5 315,080315.1k $29.4m $29.4m 0.03% Reduced -14.0k -13,990
82 UBS Group AG 0.01% of their portfolio ZURICH, V8 310,156310.2k $28.9m $28.9m 0.01% Reduced -115.1k -115,100
83 TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.25% of their portfolio FRANKFORT, KY 300,760300.8k $28.0m $28.0m 0.25% Unchanged
84 MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 300,369300.4k $28.0m $28.0m 0.02% Reduced -807.9k -807,908
85 TOCQUEVILLE ASSET MANAGEMENT L.P. 0.46% of their portfolio New York, NY 299,005299.0k $27.9m $27.9m 0.46% Reduced -1.1k -1,110
86 MOORE CAPITAL MANAGEMENT, LP 0.61% of their portfolio NEW YORK, NY 296,243296.2k $27.6m $27.6m 0.61% Added +135.8k +135,825
87 KBC Group NV 0.08% of their portfolio Brussels, C9 295,675295.7k $27.6m $27.6m 0.08% Reduced -64.1k -64,068
88 MACKENZIE FINANCIAL CORP 0.04% of their portfolio TORONTO ONTARIO, A6 290,913290.9k $27.1m $27.1m 0.04% Added +34.9k +34,944
89 BW Gestao de Investimentos Ltda. 3.55% of their portfolio SAO PAULO, D5 288,770288.8k $26.9m $26.9m 3.55% Added +68.8k +68,770
90 CANADA PENSION PLAN INVESTMENT BOARD 0.03% of their portfolio TORONTO ONTARIO, A6 281,013281.0k $26.2m $26.2m 0.03% Unchanged
91 Central Securities Corp 2.53% of their portfolio New York, NY 275,000275.0k $25.6m $25.6m 2.53% Reduced -75.0k -75,000
92 Assenagon Asset Management S.A. 0.06% of their portfolio SENNINGERBERG, N4 272,716272.7k $25.4m $25.4m 0.06% Reduced -677.3k -677,262
93 Bayberry Capital Partners LP 6.43% of their portfolio NEW YORK, NY 272,000272.0k $25.4m $25.4m 6.43% Added +55.0k +55,000
94 MARSHALL WACE, LLP 0.04% of their portfolio LONDON, X0 271,066271.1k $25.3m $25.3m 0.04% New
95 SCOPUS ASSET MANAGEMENT, L.P. 0.76% of their portfolio NEW YORK, NY 260,000260.0k $24.2m $24.2m 0.76% Added +130.0k +130,000
96 LAZARD ASSET MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 239,588239.6k $22.3m $22.3m 0.03% Added +15.4k +15,443
97 SCOPIA CAPITAL MANAGEMENT LP 3.30% of their portfolio NEW YORK, NY 238,855238.9k $22.3m $22.3m 3.30% Reduced -52.7k -52,686
98 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.03% of their portfolio WEST SACRAMENTO, CA 237,251237.3k $22.1m $22.1m 0.03% Reduced -4.0k -3,999
99 Schonfeld Strategic Advisors LLC 0.17% of their portfolio NEW YORK, NY 233,836233.8k $21.8m $21.8m 0.17% Added +72.8k +72,799
100 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 230,302230.3k $21.5m $21.5m 0.00% Added +11.4k +11,378