Aaon

AAON • NASDAQ

Aaon is a construction company in the industrials sector on NASDAQ, led by Matthew J. Tobolski, with a market cap of $7.4B. As of Q3 2025, 89% of shares are held by 395 institutional investors, with VANGUARD GROUP INC as the largest holder at 7.94%.

CEOMatthew J. Tobolski

Market Cap$7.4B

Construction

Industrials

Employees3.7K

Websiteaaon.com

Country

United States of America

Overview

Overview of institutional ownership in AAON as of Q3 2025 with a market cap of $7.6B

All Institutions

Institutions: 395
Value Held: $6.8B
Shares Held: 72.6M
Avg Position: $17.2M
Median Position: $962.1K

Hedge Funds

Hedge Funds: 30
Value Held: $299.0M
Shares Held: 3.2M
Avg Position: $10.0M
Median Position: $3.6M

Ownership Breakdown

Institutional (non-HF)

85.13%

$6.5B

Hedge Funds

3.92%

$299.0M

Retail & Other

10.94%

$833.6M

Based on market cap of $7.6B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in AAON as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$604.9M 0.01% of portfolio	7.94% 6.5M shares	≤ Q2 2013 Held for 12y 6m+	$6.69T
BlackRock, Inc. Institution	Laurence D. Fink CEO	$596.3M 0.01% of portfolio	7.83% 6.4M shares	≤ Q2 2013 Held for 12y 6m+	$5.67T
WELLINGTON MANAGEMENT CO LLP Long Only Manager	Jean Marie Hynes CEO	$442.9M 0.08% of portfolio	5.81% 4.7M shares	Q4 2024 Held for 1 year	$571.21B
C Champlain Investment Partners, LLC Long Only Manager	Judith Wilkinson O'Connell CEO	$216.8M 1.63% of portfolio	2.85% 2.3M shares	Q2 2025 Held for 6 months	$13.3B
WASATCH ADVISORS INC Long Only Manager	Michael Kenneth Yeates CEO	$199.9M 1.07% of portfolio	2.62% 2.1M shares	Q1 2017 Held for 8y 9m	$18.6B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$191.3M 0.01% of portfolio	2.51% 2.0M shares	≤ Q2 2013 Held for 12y 6m+	$2.88T
GENEVA CAPITAL MANAGEMENT LTD/WI Long Only Manager	William S Priebe Managing Partner	$189.0M 3.24% of portfolio	2.48% 2.0M shares	Q1 2020 Held for 5y 9m	$5.8B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$187.8M 0.01% of portfolio	2.46% 2.0M shares	≤ Q2 2013 Held for 12y 6m+	$1.65T
FIRST TRUST ADVISORS LP ETF Provider	James Allen Bowen CEO	$180.7M 0.13% of portfolio	2.37% 1.9M shares	Q1 2016 Held for 9y 9m	$134.15B
B BLAIR WILLIAM & CO/IL Institution	-	$170.0M 0.45% of portfolio	2.23% 1.8M shares	Q2 2024 Held for 1y 6m	$37.6B

Net Capital Flow

Institutional buying and selling activity for AAON in Q3 2025

Traded: +$1.1B
Buyers: 216
Sellers: 197
Total Bought: +$1.6B
Total Sold: −$480.8M
Avg Position: $14.9M

Biggest Buyers

Institution	Net Bought	Current Position
WELLINGTON MANAGEMENT CO LLP Long Only Manager	+$370.6M +4.0M shares	$442.9M 4.7M shares
C Champlain Investment Partners, LLC Long Only Manager	+$106.4M +1.1M shares	$216.8M 2.3M shares
FIRST TRUST ADVISORS LP ETF Provider	+$104.2M +1.1M shares	$180.7M 1.9M shares
Copeland Capital Management, LLC Long Only Manager	+$68.0M +728.1K shares	$68.0M 728.1K shares
BAMCO INC /NY/ Long Only Manager	+$67.9M +726.9K shares	$67.9M 726.9K shares
C Capital World Investors Institution	+$49.5M +529.3K shares	$49.5M 529.3K shares
Clean Energy Transition LLP Hedge Fund•Long/Short	+$48.0M +513.4K shares	$48.0M 513.4K shares
C Capital International Investors Institution	+$46.4M +496.6K shares	$137.5M 1.5M shares
WASATCH ADVISORS INC Long Only Manager	+$42.7M +456.6K shares	$199.9M 2.1M shares
A Alyeska Investment Group, L.P. Hedge Fund•Multi-Strategy	+$41.3M +442.3K shares	$41.3M 442.3K shares

Biggest Sellers

Institution	Net Sold	Current Position
FULLER & THALER ASSET MANAGEMENT, INC. Long Only Manager	−$43.9M −595.1K shares	Sold Off 0 shares
B BLAIR WILLIAM & CO/IL Institution	−$43.1M −460.8K shares	$170.0M 1.8M shares
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	−$37.2M −398.1K shares	$26.2M 280.1K shares
GOLDMAN SACHS GROUP INC Institution	−$30.6M −328.0K shares	$11.1M 118.4K shares
Invesco Ltd. ETF Provider	−$25.0M −268.1K shares	$27.9M 298.6K shares
JPMORGAN CHASE & CO Institution	−$24.0M −257.4K shares	$110.9M 1.2M shares
MORGAN STANLEY RIA/Wealth	−$17.3M −185.1K shares	$187.8M 2.0M shares
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC Long Only Manager	−$16.4M −175.8K shares	$135.2M 1.4M shares
Clearbridge Investments, LLC Long Only Manager	−$15.9M −170.4K shares	$11.6M 124.0K shares
Conestoga Capital Advisors, LLC Long Only Manager	−$15.7M −167.8K shares	$158.0M 1.7M shares

Entry and Exit Activity

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

New Positions: 40
New Value: $293.9M
Exited Positions: 60
Exited Value: $117.7M

New Positions

Institution	Position Value
Copeland Capital Management, LLC Long Only Manager	$68.0M 728.1K shares
C Capital World Investors Institution	$49.5M 529.3K shares
Clean Energy Transition LLP Hedge Fund•Long/Short	$48.0M 513.4K shares
AMERICAN CAPITAL MANAGEMENT INC Long Only Manager	$22.8M 244.4K shares
RIVERBRIDGE PARTNERS LLC Long Only Manager	$20.9M 224.2K shares
C CREDIT AGRICOLE S A Institution	$15.6M 166.8K shares
Granite Investment Partners, LLC Long Only Manager	$14.6M 156.6K shares
M MOORE CAPITAL MANAGEMENT, LP Hedge Fund•Global Macro	$14.0M 149.4K shares
C CHARTER TRUST CO RIA/Wealth	$10.2M 109.4K shares
Nepsis Capital Management, Inc. RIA/Wealth	$8.7M 92.9K shares

Exited Positions

Institution	Previous Position
FULLER & THALER ASSET MANAGEMENT, INC. Long Only Manager	$43.9M 595.1K shares
T TWINBEECH CAPITAL LP Hedge Fund•Quant	$13.2M 178.8K shares
J J. Goldman & Co LP Hedge Fund•Multi-Strategy	$8.0M 108.2K shares
CAPSTONE INVESTMENT ADVISORS, LLC Hedge Fund•Multi-Strategy	$5.1M 69.3K shares
Kinetic Partners Management, LP Hedge Fund•Long/Short	$4.8M 64.9K shares
Engineers Gate Manager LP Hedge Fund•Quant	$3.8M 51.5K shares
D D. E. Shaw & Co., Inc. Institution	$3.4M 45.6K shares
HPM Partners LLC RIA/Wealth	$3.1M 42.5K shares
R Roubaix Capital, LLC Hedge Fund•Long/Short	$2.9M 39.3K shares
Cinctive Capital Management LP Hedge Fund•Multi-Strategy	$2.2M 30.4K shares

Options Activity

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

Call Positions: 6
Call Value: $26.0M
Put Positions: 5
Put Value: $10.9M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$17.5M 1.9K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$5.4M 577.0 contracts
Caption Management, LLC Hedge Fund•Long/Short	$1.8M 188.0 contracts
W WOLVERINE TRADING, LLC Institution	$1.2M 126.0 contracts
J JANE STREET GROUP, LLC Institution	$205.6K 22.0 contracts
HOLLENCREST SECURITIES LLC RIA/Wealth	- - contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$4.2M 446.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$3.5M 376.0 contracts
Caption Management, LLC Hedge Fund•Long/Short	$1.8M 188.0 contracts
J JANE STREET GROUP, LLC Institution	$1.4M 155.0 contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	- - contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Spyglass Capital Management LLC Long Only Manager	James Andrew Robillard President	5.33% $99.9M	1.31% 1.1M shares	Q1 2025 Held for 9 months	$1.9B
Pembroke Management, LTD Long Only Manager	Nicolas Gilles Chevalier CEO	5.13% $51.7M	0.68% 553.1K shares	Q2 2024 Held for 1y 6m	$1.0B
Jackson Square Partners, LLC Long Only Manager	Kenneth Farnham Broad Chairman	5.05% $12.5M	0.16% 133.7K shares	Q1 2025 Held for 9 months	$247.3M
Aperture Investors, LLC Hedge Fund•Multi-Strategy	Peter Steven Kraus CEO	4.34% $31.3M	0.41% 334.7K shares	Q1 2025 Held for 9 months	$719.9M
Clean Energy Transition LLP Hedge Fund•Long/Short	Per Axel Lekander CEO	4.21% $48.0M	0.63% 513.4K shares	Q3 2025 Held for 3 months	$1.1B
11 Capital Partners LP Hedge Fund•Long/Short	Jason Douglas Mcdougall CIO	3.48% $12.3M	0.16% 131.4K shares	Q2 2023 Held for 2y 6m	$353.1M
GENEVA CAPITAL MANAGEMENT LTD/WI Long Only Manager	William S Priebe Managing Partner	3.24% $189.0M	2.48% 2.0M shares	Q1 2020 Held for 5y 9m	$5.8B
Allied Investment Advisors, LLC RIA/Wealth	Eric Allen Vermulm CIO	2.95% $18.6M	0.24% 198.7K shares	Q1 2019 Held for 6y 9m	$628.3M
Nepsis Capital Management, Inc. RIA/Wealth	Mark William Pearson President	2.75% $8.7M	0.11% 92.9K shares	Q3 2025 Held for 3 months	$315.3M
Ranger Investment Management, L.P. Long Only Manager	Andrew Ferguson Hill President	2.75% $39.4M	0.52% 421.6K shares	Q2 2024 Held for 1y 6m	$1.4B

Hedge Fund Spotlight

Discover hedge funds investing in AAON

CenterBook Partners LP

Hedge Fund • Market Neutral

Portfolio ManagerDavid Israel Stemerman

Portfolio Value: $2.0B
Positions: 545
Last Reported: Q3 2025

Sector Allocation

Position in Aaon

Market Value: $4.0M
Shares Held: 43.0K
Portfolio Weight: 0.20%
Owned Since: 2025-Q1

Top Holding	Sector	Market Value	Weight
1 Amazon AMZN	Specialty Retail Consumer Cyclical	$40.2M	1.99%
2 Meta Platforms, Inc. META	Internet Content & Information Communication Services	$35.3M	1.74%
3 Visa V	Financial - Credit Services Financial Services	$34.0M	1.68%