American Resources

AREC • NASDAQ

American Resources is a coal company in the energy sector on NASDAQ, led by Mark C. Jensen, with a market cap of $264.9M. As of Q3 2025, 11% of shares are held by 51 institutional investors, with VANGUARD GROUP INC as the largest holder at 3.69%.

Chief Executive OfficerMark C. Jensen

Market Cap$264.9M

Coal

Energy

Employees26.0

Websiteamericanresourcescorp.com

Country

United States of America

Overview

Overview of institutional ownership in AREC as of Q3 2025 with a market cap of $228.4M

All Institutions

Institutions: 51
Value Held: $24.9M
Shares Held: 9.2M
Avg Position: $488.1K
Median Position: $101.2K

Hedge Funds

Hedge Funds: 5
Value Held: $3.3M
Shares Held: 1.2M
Avg Position: $665.9K
Median Position: $789.9K

Ownership Breakdown

Institutional (non-HF)

9.44%

$21.6M

Hedge Funds

1.46%

$3.3M

Retail & Other

89.1%

$203.5M

Based on market cap of $228.4M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in AREC as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$8.4M 0.00% of portfolio	3.69% 3.1M shares	Q2 2019 Held for 6y 5m	$6.69T
B BlackRock, Inc. Institution	-	$2.2M 0.00% of portfolio	0.96% 808.5K shares	Q1 2021 Held for 4y 8m	$5.67T
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$1.9M 0.00% of portfolio	0.82% 690.2K shares	Q4 2020 Held for 4y 11m	$1.57T
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	Dan Michael Berkovitz Chairman	$1.5M 0.00% of portfolio	0.67% 564.4K shares	Q3 2025 Held for 2 months	$121.98B
Janney Montgomery Scott LLC RIA/Wealth	Anthony Matthew Miller CEO	$1.5M 0.00% of portfolio	0.67% 564.0K shares	Q3 2025 Held for 2 months	$40.0B
Verition Fund Management LLC Hedge Fund•Multi-Strategy	Nicholas Matthew Maounis CEO	$917.6K 0.01% of portfolio	0.40% 339.9K shares	Q2 2025 Held for 5 months	$16.7B
EAM Investors, LLC Long Only Manager	Derek John Gaertner CEO	$917.3K 0.11% of portfolio	0.40% 339.8K shares	Q3 2025 Held for 2 months	$873.4M
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$809.2K 0.00% of portfolio	0.35% 299.7K shares	Q2 2021 Held for 4y 5m	$2.88T
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	Scott David Hoffman CEO	$789.9K 0.00% of portfolio	0.35% 292.5K shares	Q3 2025 Held for 2 months	$62.0B
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	-	$727.3K 0.00% of portfolio	0.32% 269.4K shares	Q2 2021 Held for 4y 5m	$67.9B

Net Capital Flow

Institutional buying and selling activity for AREC in Q3 2025

Traded: +$4.5M
Buyers: 33
Sellers: 13
Total Bought: +$8.6M
Total Sold: −$4.1M
Avg Position: $436.8K

Biggest Buyers

Institution	Net Bought	Current Position
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$1.5M +564.4K shares	$1.5M 564.4K shares
Janney Montgomery Scott LLC RIA/Wealth	+$1.5M +564.0K shares	$1.5M 564.0K shares
EAM Investors, LLC Long Only Manager	+$917.3K +339.8K shares	$917.3K 339.8K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	+$789.9K +292.5K shares	$789.9K 292.5K shares
G GROUP ONE TRADING, L.P. Institution	+$444.1K +164.5K shares	$444.1K 164.5K shares
CWM, LLC RIA/Wealth	+$429.5K +159.1K shares	$429.5K 159.1K shares
Marshall Wace LLP Institution	+$389.1K +144.1K shares	$389.1K 144.1K shares
GOLDMAN SACHS GROUP INC Institution	+$333.2K +123.4K shares	$333.2K 123.4K shares
VANGUARD GROUP INC Institution	+$324.2K +120.1K shares	$8.4M 3.1M shares
H HRT FINANCIAL LLC Institution	+$248.3K +92.0K shares	$346.2K 128.2K shares

Biggest Sellers

Institution	Net Sold	Current Position
Verition Fund Management LLC Hedge Fund•Multi-Strategy	−$2.1M −777.7K shares	$917.6K 339.9K shares
UBS Group AG Institution	−$987.8K −365.9K shares	$101.2K 37.5K shares
P PEAK6 LLC Institution	−$580.6K −700.8K shares	Sold Off 0 shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	−$199.7K −74.0K shares	$727.3K 269.4K shares
JPMORGAN CHASE & CO Institution	−$101.8K −122.9K shares	Sold Off 0 shares
S SG Americas Securities, LLC Institution	−$73.2K −27.1K shares	$123.3K 45.7K shares
Creative Planning RIA/Wealth	−$16.7K −6.2K shares	$85.6K 31.7K shares
V Virtu Financial LLC Institution	−$12.4K −14.9K shares	Sold Off 0 shares
RAYMOND JAMES FINANCIAL INC RIA/Wealth	−$8.6K −10.4K shares	Sold Off 0 shares
T Tower Research Capital LLC Institution	−$7.2K −8.7K shares	Sold Off 0 shares

Entry and Exit Activity

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

New Positions: 8
New Value: $698.3K
Exited Positions: 6
Exited Value: $711.7K

New Positions

Institution	Position Value
CWM, LLC RIA/Wealth	$429.5K 159.1K shares
O OMERS ADMINISTRATION Corp Institution	$152.3K 56.4K shares
N NOMURA HOLDINGS INC Institution	$33.2K 12.3K shares
CORSAIR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	$27.0K 10.0K shares
Rockefeller Capital Management L.P. Long Only Manager	$27.0K 10.0K shares
Northwest Financial Advisors RIA/Wealth	$27.0K 10.0K shares
Spire Wealth Management RIA/Wealth	$2.1K 765.0 shares
Parallel Advisors, LLC RIA/Wealth	$270.0 100.0 shares

Exited Positions

Institution	Previous Position
P PEAK6 LLC Institution	$580.6K 700.8K shares
JPMORGAN CHASE & CO Institution	$101.8K 122.9K shares
V Virtu Financial LLC Institution	$12.4K 14.9K shares
RAYMOND JAMES FINANCIAL INC RIA/Wealth	$8.6K 10.4K shares
T Tower Research Capital LLC Institution	$7.2K 8.7K shares
Fortitude Family Office, LLC Family Office	$1.1K 1.4K shares

Options Activity

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

Call Positions: 7
Call Value: $3.6M
Put Positions: 5
Put Value: $1.6M

Call Positions

Institution	Position Value
P PEAK6 LLC Institution	$1.9M 6.9K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$1.1M 4.1K contracts
W WOLVERINE TRADING, LLC Institution	$301.6K 1.0K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$110.4K 409.0 contracts
J JANE STREET GROUP, LLC Institution	$108.8K 403.0 contracts
Caption Management, LLC Hedge Fund•Long/Short	$47.3K 175.0 contracts
S SYMMETRY PEAK MANAGEMENT LLC Institution	$32.9K 122.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$775.2K 2.9K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$429.6K 1.6K contracts
W WOLVERINE TRADING, LLC Institution	$215.8K 717.0 contracts
Verition Fund Management LLC Hedge Fund•Multi-Strategy	$114.8K 425.0 contracts
J JANE STREET GROUP, LLC Institution	$41.3K 153.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Worth Venture Partners, LLC Fund of Funds	David Alexander Wertentheil CEO	0.48% $97.9K	0.04% 36.3K shares	Q2 2025 Held for 5 months	$20.3M
EAM Investors, LLC Long Only Manager	Derek John Gaertner CEO	0.11% $917.3K	0.40% 339.8K shares	Q3 2025 Held for 2 months	$873.4M
Indie Asset Partners, LLC RIA/Wealth	Grady J. Gaynor CEO	0.09% $67.5K	0.03% 25.0K shares	Q2 2023 Held for 2y 5m	$75.1M
Northwest Financial Advisors RIA/Wealth	Kevin Duane Fisher CEO	0.03% $27.0K	0.01% 10.0K shares	Q3 2025 Held for 2 months	$77.8M
THOMPSON INVESTMENT MANAGEMENT, INC. Long Only Manager	Jason Lee Stephens CEO	0.01% $103.9K	0.05% 38.5K shares	Q3 2024 Held for 1y 2m	$751.2M
G GROUP ONE TRADING, L.P. Institution	-	0.01% $444.1K	0.19% 164.5K shares	Q3 2025 Held for 2 months	$3.3B
X XTX Topco Ltd Institution	-	0.01% $165.2K	0.07% 61.2K shares	Q1 2024 Held for 1y 8m	$1.9B
Cypress Wealth Services, LLC RIA/Wealth	Timothy Louis Dillow CCO	0.01% $36.4K	0.02% 13.5K shares	Q1 2025 Held for 8 months	$592.9M
Ethos Financial Group, LLC RIA/Wealth	Steven Joseph Toto President	0.01% $71.5K	0.03% 26.5K shares	Q1 2025 Held for 8 months	$1.2B
Verition Fund Management LLC Hedge Fund•Multi-Strategy	Nicholas Matthew Maounis CEO	0.01% $917.6K	0.40% 339.9K shares	Q2 2025 Held for 5 months	$16.7B

Hedge Fund Spotlight

Discover hedge funds investing in AREC

CORSAIR CAPITAL MANAGEMENT LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerJeffrey Archer Zelin

Portfolio Value: $563.1M
Positions: 163
Last Reported: Q3 2025

Sector Allocation

Position in American Resources

Market Value: $27.0K
Shares Held: 10.0K
Portfolio Weight: 0.00%
Owned Since: 2025-Q3

Top Holding	Sector	Market Value	Weight
1 Vertiv Holdings Co VRT	Electrical Equipment & Parts Industrials	$91.3M	16.22%
2 CompoSecure CMPO	Manufacturing - Metal Fabrication Industrials	$88.0M	15.63%
3 Laureate Education, Inc. LAUR	Education & Training Services Consumer Defensive	$60.3M	10.70%