American Airlines Group

AAL • NASDAQ

American Airlines Group is a airlines, airports & air services company in the industrials sector on NASDAQ, led by Robert D. Isom, with a market cap of $9.9B. As of Q3 2025, 70% of shares are held by 532 institutional investors, with VANGUARD GROUP INC as the largest holder at 9.39%.

Chief Executive OfficerRobert D. Isom

Market Cap$9.9B

Airlines, Airports & Air Services

Industrials

Employees132.1K

Websiteaa.com

Country

United States of America

Overview

Overview of institutional ownership in AAL as of Q3 2025 with a market cap of $7.4B

All Institutions

Institutions: 532
Value Held: $5.2B
Shares Held: 458.6M
Avg Position: $9.7M
Median Position: $248.3K

Hedge Funds

Hedge Funds: 56
Value Held: $890.2M
Shares Held: 79.2M
Avg Position: $15.9M
Median Position: $1.7M

Ownership Breakdown

Institutional (non-HF)

57.51%

$4.3B

Hedge Funds

12.0%

$890.2M

Retail & Other

30.49%

$2.3B

Based on market cap of $7.4B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in AAL as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$696.7M 0.01% of portfolio	9.39% 62.0M shares	Q4 2013 Held for 11y 11m	$6.69T
B BlackRock, Inc. Institution	-	$633.3M 0.01% of portfolio	8.54% 56.3M shares	Q4 2013 Held for 11y 11m	$5.67T
PRIMECAP MANAGEMENT CO/CA/ Long Only Manager	Mohammed Mohsin Ansari Chairman	$558.0M 0.43% of portfolio	7.52% 49.6M shares	Q4 2013 Held for 11y 11m	$128.84B
D D. E. Shaw & Co., Inc. Institution	-	$304.4M 0.26% of portfolio	4.10% 27.1M shares	Q4 2013 Held for 11y 11m	$115.81B
UBS Group AG Institution	Sergio P. Ermotti CEO	$279.9M 0.05% of portfolio	3.77% 24.9M shares	Q4 2014 Held for 10y 11m	$511.54B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$210.0M 0.01% of portfolio	2.83% 18.7M shares	Q4 2013 Held for 11y 11m	$2.88T
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	Scott David Hoffman CEO	$153.7M 0.25% of portfolio	2.07% 13.7M shares	Q4 2013 Held for 11y 11m	$62.0B
TWO SIGMA ADVISERS, LLC Hedge Fund•Multi-Strategy	Carter Mayberry Lyons CEO	$144.5M 0.29% of portfolio	1.95% 12.9M shares	Q4 2024 Held for 11 months	$50.0B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$142.1M 0.01% of portfolio	1.92% 12.6M shares	Q4 2013 Held for 11y 11m	$1.57T
Slate Path Capital LP Hedge Fund•Long/Short	David Gerald Greenspan CEO	$112.2M 1.65% of portfolio	1.51% 10.0M shares	Q2 2024 Held for 1y 5m	$6.8B

Net Capital Flow

Institutional buying and selling activity for AAL in Q3 2025

Traded: +$475.7M
Buyers: 251
Sellers: 237
Total Bought: +$930.5M
Total Sold: −$454.8M
Avg Position: $8.4M

Biggest Buyers

Institution	Net Bought	Current Position
D D. E. Shaw & Co., Inc. Institution	+$275.7M +24.5M shares	$304.4M 27.1M shares
A Appaloosa LP Hedge Fund•Event Driven	+$104.0M +9.3M shares	$104.0M 9.3M shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	+$50.6M +4.5M shares	$153.7M 13.7M shares
TWO SIGMA ADVISERS, LLC Hedge Fund•Multi-Strategy	+$47.6M +4.2M shares	$144.5M 12.9M shares
BARCLAYS PLC Institution	+$43.7M +3.9M shares	$70.6M 6.3M shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	+$38.8M +3.5M shares	$74.5M 6.6M shares
HENNESSY ADVISORS INC Institution	+$37.5M +3.3M shares	$37.5M 3.3M shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$33.0M +2.9M shares	$80.5M 7.2M shares
Slate Path Capital LP Hedge Fund•Long/Short	+$32.9M +2.9M shares	$112.2M 10.0M shares
N NOMURA HOLDINGS INC Institution	+$18.2M +1.6M shares	$18.2M 1.6M shares

Biggest Sellers

Institution	Net Sold	Current Position
PRIMECAP MANAGEMENT CO/CA/ Long Only Manager	−$43.1M −3.8M shares	$558.0M 49.6M shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	−$42.4M −3.8M shares	Sold Off 0 shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	−$39.0M −3.5M shares	$30.5M 2.7M shares
MORGAN STANLEY RIA/Wealth	−$35.7M −3.2M shares	$58.6M 5.2M shares
B BNP PARIBAS ARBITRAGE, SA Institution	−$26.7M −2.4M shares	$23.3M 2.1M shares
Marshall Wace LLP Institution	−$21.0M −1.9M shares	$35.4M 3.1M shares
B BlackRock, Inc. Institution	−$16.1M −1.4M shares	$633.3M 56.3M shares
J Jump Financial, LLC Institution	−$15.3M −1.4M shares	$6.2M 549.8K shares
R ROYAL BANK OF CANADA Institution	−$15.2M −1.3M shares	$6.6M 591.2K shares
U U S GLOBAL INVESTORS INC Institution	−$13.9M −1.2M shares	$72.9M 6.5M shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited AAL in Q3 2025

New Positions: 27
New Value: $21.4M
Exited Positions: 80
Exited Value: $105.6M

New Positions

Institution	Position Value
Encompass Capital Advisors LLC Hedge Fund•Long/Short	$16.9M 1.5M shares
Voleon Capital Management LP Hedge Fund•Quant	$1.5M 136.7K shares
L LECAP ASSET MANAGEMENT LTD Institution	$458.7K 40.8K shares
S SIG BROKERAGE, LP Institution	$399.5K 35.5K shares
Requisite Capital Management, LLC RIA/Wealth	$351.5K 31.3K shares
WORLDQUANT MILLENNIUM QUANTITATIVE STRATEGIES LLC Hedge Fund•Multi-Strategy	$314.9K 28.0K shares
E EVERGREEN CAPITAL MANAGEMENT LLC Institution	$248.3K 22.1K shares
M Machina Capital S.A.S. Institution	$232.8K 20.7K shares
V Vise Technologies, Inc. Institution	$160.7K 14.3K shares
Q Quantessence Capital LLC Hedge Fund•Quant	$144.7K 12.9K shares

Exited Positions

Institution	Previous Position
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	$42.4M 3.8M shares
S Squarepoint Ops LLC Hedge Fund•Quant	$7.8M 697.6K shares
Kingstone Capital Partners Texas, LLC RIA/Wealth	$7.5M 664.2K shares
N NATIXIS Institution	$6.0M 531.2K shares
Quinn Opportunity Partners LLC Hedge Fund•Event Driven	$4.5M 402.0K shares
M MAVERICK CAPITAL LTD Hedge Fund•Long/Short	$4.1M 368.6K shares
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$4.0M 353.5K shares
A Allianz Asset Management AG Institution	$4.0M 352.3K shares
Connor, Clark & Lunn Investment Management Ltd. Long Only Manager	$3.3M 297.3K shares
C Capital Markets Trading UK LLP Institution	$3.3M 290.3K shares

Options Activity

Institutions with the largest Call and Put options positions in AAL as of Q3 2025

Call Positions: 35
Call Value: $680.4M
Put Positions: 56
Put Value: $1.8B

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$135.9M 120.9K contracts
N NOMURA HOLDINGS INC Institution	$134.4M 119.6K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$80.3M 71.4K contracts
O Owl Creek Asset Management, L.P. Hedge Fund•Multi-Strategy	$57.0M 50.7K contracts
D D. E. Shaw & Co., Inc. Institution	$47.4M 42.2K contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$27.6M 24.5K contracts
J JANE STREET GROUP, LLC Institution	$20.9M 18.6K contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$19.9M 17.7K contracts
Q Qube Research & Technologies Ltd Institution	$19.8M 17.7K contracts
BARCLAYS PLC Institution	$19.4M 17.3K contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$217.2M 193.2K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$199.1M 177.1K contracts
P Parallax Volatility Advisers, LLC Hedge Fund•Vol Arbitrage	$155.4M 138.3K contracts
BANK OF AMERICA CORP /DE/ Institution	$152.3M 135.5K contracts
J JANE STREET GROUP, LLC Institution	$125.6M 111.8K contracts
BARCLAYS PLC Institution	$98.1M 87.3K contracts
D D. E. Shaw & Co., Inc. Institution	$94.6M 84.2K contracts
Hudson Bay Capital Management LP Hedge Fund•Multi-Strategy	$77.0M 68.5K contracts
L Lombard Odier Asset Management Corp Hedge Fund•Multi-Strategy	$64.7M 57.6K contracts
N NOMURA HOLDINGS INC Institution	$63.5M 56.5K contracts

Most Committed Institutions

Institutions with AAL as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
U U S GLOBAL INVESTORS INC Institution	Frank Edward Holmes CEO	8.25% $72.9M	0.98% 6.5M shares	Q2 2015 Held for 10y 5m	$883.9M
Jessup Wealth Management, Inc RIA/Wealth	Matthew C. Jessup CEO	1.96% $5.3M	0.07% 467.2K shares	Q2 2025 Held for 5 months	$268.5M
Slate Path Capital LP Hedge Fund•Long/Short	David Gerald Greenspan CEO	1.65% $112.2M	1.51% 10.0M shares	Q2 2024 Held for 1y 5m	$6.8B
J JONES ROAD CAPITAL MANAGEMENT, L.P. Hedge Fund•Multi-Strategy	Aaron Nmn Wertentheil CEO	1.63% $744.1K	0.01% 66.2K shares	Q2 2025 Held for 5 months	$45.7M
A Appaloosa LP Hedge Fund•Event Driven	James Edward Bolin President	1.46% $104.0M	1.40% 9.3M shares	Q3 2025 Held for 2 months	$7.1B
HENNESSY ADVISORS INC Institution	Neil Joseph Hennessy CEO	1.29% $37.5M	0.51% 3.3M shares	Q3 2025 Held for 2 months	$2.9B
Encompass Capital Advisors LLC Hedge Fund•Long/Short	Todd Jason Kantor Managing Partner	0.75% $16.9M	0.23% 1.5M shares	Q3 2025 Held for 2 months	$2.2B
C CMT Capital Markets Trading GmbH Institution	-	0.67% $1.3M	0.02% 115.9K shares	Q2 2023 Held for 2y 5m	$194.5M
P Parallax Volatility Advisers, LLC Hedge Fund•Vol Arbitrage	William Frederick Bartlett CEO	0.64% $18.8M	0.25% 1.7M shares	Q4 2013 Held for 11y 11m	$3.0B
Columbus Hill Capital Management, L.P. Hedge Fund•Multi-Strategy	Kevin Deric Eng CEO	0.62% $4.5M	0.06% 399.2K shares	Q3 2025 Held for 2 months	$720.1M

Hedge Fund Spotlight

Discover hedge funds investing in AAL

Quantinno Capital Management LP

Hedge Fund • Market Neutral

Portfolio ManagerHoon Nmn Kim

Portfolio Value: $36.6B
Positions: 2,911
Last Reported: Q3 2025

Sector Allocation

Position in American Airlines Group

Market Value: $8.5M
Shares Held: 760.5K
Portfolio Weight: 0.02%
Owned Since: 2023-Q2

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