American States Water

AWR • NYSE

American States Water is a regulated water company in the utilities sector on NYSE, led by Robert J. Sprowls, with a market cap of $2.8B. As of Q3 2025, 81% of shares are held by 358 institutional investors, with BlackRock, Inc. as the largest holder at 17.72%.

President and Chief Executive OfficerRobert J. Sprowls

Market Cap$2.8B

Regulated Water

Utilities

Employees815.0

Websiteaswater.com

Country

United States of America

Overview

Overview of institutional ownership in AWR as of Q3 2025 with a market cap of $2.8B

All Institutions

Institutions: 358
Value Held: $2.3B
Shares Held: 31.1M
Avg Position: $6.4M
Median Position: $511.0K

Hedge Funds

Hedge Funds: 37
Value Held: $95.4M
Shares Held: 1.3M
Avg Position: $2.6M
Median Position: $945.4K

Ownership Breakdown

Institutional (non-HF)

77.16%

$2.2B

Hedge Funds

3.38%

$95.4M

Retail & Other

19.46%

$549.4M

Based on market cap of $2.8B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in AWR as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$500.4M 0.01% of portfolio	17.72% 6.8M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$356.1M 0.01% of portfolio	12.61% 4.9M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
N Neuberger Berman Group LLC Institution	-	$176.7M 0.13% of portfolio	6.26% 2.4M shares	Q2 2024 Held for 1y 5m	$136.94B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$151.6M 0.01% of portfolio	5.37% 2.1M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$66.4M 0.00% of portfolio	2.35% 905.0K shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
FIRST TRUST ADVISORS LP ETF Provider	James Allen Bowen CEO	$63.4M 0.05% of portfolio	2.25% 864.7K shares	≤ Q2 2013 Held for 12y 5m+	$134.11B
DIMENSIONAL FUND ADVISORS LP Long Only Manager	Gerard Kieran O'Reilly CEO	$53.8M 0.01% of portfolio	1.91% 734.0K shares	≤ Q2 2013 Held for 12y 5m+	$466.32B
PRINCIPAL FINANCIAL GROUP INC Institution	Deanna Strable CEO	$52.8M 0.03% of portfolio	1.87% 720.8K shares	≤ Q2 2013 Held for 12y 5m+	$197.71B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$43.2M 0.00% of portfolio	1.53% 588.8K shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
Invesco Ltd. ETF Provider	Brian Christopher Hartigan CEO	$42.4M 0.01% of portfolio	1.50% 578.0K shares	≤ Q2 2013 Held for 12y 5m+	$633.08B

Net Capital Flow

Institutional buying and selling activity for AWR in Q3 2025

Traded: +$108.8M
Buyers: 175
Sellers: 148
Total Bought: +$225.0M
Total Sold: −$116.2M
Avg Position: $5.8M

Biggest Buyers

Institution	Net Bought	Current Position
N Neuberger Berman Group LLC Institution	+$46.0M +627.9K shares	$176.7M 2.4M shares
PRINCIPAL FINANCIAL GROUP INC Institution	+$18.9M +258.4K shares	$52.8M 720.8K shares
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$18.3M +249.5K shares	$21.8M 297.5K shares
Q Qube Research & Technologies Ltd Institution	+$9.0M +122.8K shares	$12.8M 174.4K shares
A Assenagon Asset Management S.A. Institution	+$8.7M +118.0K shares	$10.6M 145.0K shares
C Cubist Systematic Strategies, LLC Institution	+$7.9M +107.2K shares	$7.9M 107.2K shares
B BlackRock, Inc. Institution	+$6.5M +88.2K shares	$500.4M 6.8M shares
H HRT FINANCIAL LLC Institution	+$6.4M +87.3K shares	$8.8M 120.1K shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	+$6.0M +82.3K shares	$8.6M 117.4K shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	+$6.0M +81.2K shares	$10.5M 143.4K shares

Biggest Sellers

Institution	Net Sold	Current Position
Pictet Asset Management Holding SA Long Only Manager	−$27.0M −368.8K shares	$42.0M 573.5K shares
L LEGAL & GENERAL GROUP PLC Institution	−$14.3M −195.1K shares	$18.3M 249.4K shares
B BESSEMER GROUP INC Institution	−$11.6M −158.7K shares	$10.1K 138.0 shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$4.5M −61.5K shares	$12.1M 164.5K shares
VANGUARD GROUP INC Institution	−$3.9M −53.3K shares	$356.1M 4.9M shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	−$3.4M −46.8K shares	$350.8K 4.8K shares
U UniSuper Management Pty Ltd Institution	−$3.1M −40.6K shares	Sold Off 0 shares
ExodusPoint Capital Management, LP Hedge Fund•Multi-Strategy	−$3.0M −38.7K shares	Sold Off 0 shares
CITIGROUP INC Institution	−$2.6M −35.0K shares	$862.0K 11.8K shares
R ROBECOSAM AG Institution	−$2.4M −32.7K shares	$15.0M 204.6K shares

Entry and Exit Activity

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

New Positions: 24
New Value: $8.1M
Exited Positions: 31
Exited Value: $18.9M

New Positions

Institution	Position Value
IEQ CAPITAL, LLC RIA/Wealth	$3.0M 40.5K shares
E Elo Mutual Pension Insurance Co Institution	$799.3K 10.9K shares
Bridgewater Associates, LP Hedge Fund•Global Macro	$705.8K 9.6K shares
Groupe la Francaise Fund of Funds	$379.2K 5.2K shares
B Bridgefront Capital, LLC Hedge Fund•Quant	$375.8K 5.1K shares
Clear Creek Financial Management, LLC RIA/Wealth	$368.6K 5.0K shares
Virtus ETF Advisers LLC Long Only Manager	$352.2K 4.8K shares
A AXQ CAPITAL, LP Hedge Fund•Market Neutral	$303.8K 4.1K shares
BRIGHTON JONES LLC RIA/Wealth	$292.2K 4.0K shares
Pallas Capital Advisors LLC RIA/Wealth	$287.3K 3.9K shares

Exited Positions

Institution	Previous Position
U UniSuper Management Pty Ltd Institution	$3.1M 40.6K shares
ExodusPoint Capital Management, LP Hedge Fund•Multi-Strategy	$3.0M 38.7K shares
Atom Investors LP Hedge Fund•Market Neutral	$2.3M 29.6K shares
Allspring Global Investments Holdings, LLC Long Only Manager	$2.2M 28.6K shares
C CoreCommodity Management, LLC Hedge Fund•Global Macro	$1.7M 22.5K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$1.1M 14.1K shares
J Jump Financial, LLC Institution	$858.7K 11.2K shares
B Bryce Point Capital, LLC Hedge Fund•Market Neutral	$654.4K 8.5K shares
Essex Financial Services, Inc. RIA/Wealth	$606.5K 7.9K shares
NorthRock Partners, LLC RIA/Wealth	$551.2K 7.2K shares

Options Activity

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

Call Positions: 4
Call Value: $667.2K
Put Positions: 3
Put Value: $630.6K

Call Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$410.6K 56.0 contracts
J JANE STREET GROUP, LLC Institution	$256.6K 35.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	- - contracts
Walleye Trading LLC RIA/Wealth	- - contracts

Put Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$630.6K 86.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	- - contracts
Walleye Trading LLC RIA/Wealth	- - contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Q QSV Equity Investors LLC Institution	-	1.12% $1.1M	0.04% 15.0K shares	Q4 2023 Held for 1y 11m	$97.9M
B Buck Wealth Strategies, LLC RIA/Wealth	Jeffrey David Buck CIO	0.67% $4.9M	0.17% 66.5K shares	Q4 2024 Held for 11 months	$728.1M
SkyOak Wealt, LLC RIA/Wealth	Jennifer Ann Davis CEO	0.52% $2.7M	0.10% 37.2K shares	Q4 2019 Held for 5y 11m	$529.0M
Kennondale Capital Management LLC RIA/Wealth	Andrew Slay Managing Partner	0.44% $580.1K	0.02% 7.9K shares	Q4 2024 Held for 11 months	$130.6M
R ROBECOSAM AG Institution	-	0.34% $15.0M	0.53% 204.6K shares	Q2 2023 Held for 2y 5m	$4.4B
FIRST NATIONAL CORP /MA/ /ADV RIA/Wealth	Michael Scott Hebert COO	0.32% $1.7M	0.06% 23.7K shares	Q4 2018 Held for 6y 11m	$527.5M
P PharVision Advisers, LLC Hedge Fund•Long/Short	Blagovest Dimitrov Baychev CEO	0.24% $428.7K	0.02% 5.8K shares	Q4 2024 Held for 11 months	$176.9M
Virtus ETF Advisers LLC Long Only Manager	Richard William Smirl President	0.24% $352.2K	0.01% 4.8K shares	Q3 2025 Held for 2 months	$148.9M
C Cornerstone Wealth Management, LLC RIA/Wealth	Joseph Michael Keifer Managing Partner	0.23% $4.2M	0.15% 57.1K shares	Q1 2023 Held for 2y 8m	$1.8B
KENNEDY CAPITAL MANAGEMENT, INC. Long Only Manager	Donald M Cobin CEO	0.22% $9.8M	0.35% 134.3K shares	Q3 2022 Held for 3y 2m	$4.5B

Hedge Fund Spotlight

Discover hedge funds investing in AWR

Aquatic Capital Management LLC

Hedge Fund • Quant

Portfolio ManagerJonathan Cullen Graham

Portfolio Value: $5.4B
Positions: 1,343
Last Reported: Q3 2025

Sector Allocation

Position in American States Water

Market Value: $834.7K
Shares Held: 11.4K
Portfolio Weight: 0.02%
Owned Since: 2021-Q4

Top Holding	Sector	Market Value	Weight
1 Palantir Technologies Inc. PLTR	Software - Infrastructure Technology	$82.0M	1.52%
2 Robinhood Markets, Inc. HOOD	Software - Infrastructure Technology	$80.3M	1.49%
3 Microsoft MSFT	Software - Infrastructure Technology	$79.3M	1.47%