- Quarter end
- 31 Dec 2025
- the date the book describes
- Filed
- 27 Oct 2026
- latest of these filings; the earliest 10 Feb 2026
- Managers listing it
- 34
- at least, of 95 tracked, among listed positions
- Comparable managers
- 92
- filed both Q3 2025 and Q4 2025; 7 listed it in both
- Shares listed
- 133,102,906
- combined, among listed positions
- Reported value
- $2.0bn
- combined, at the quarter end
Among the 92 comparable managers: 21 buyers (opened or added shares) and 14 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +28,700,763.
Managers listing AAL in Q4 2025
34 of 34 holders
Largest increases and reductions, by shares
Increases
- Marshall Wace LLPexisting position · 25,969,286 shares now+22,820,829
- Point72 Asset Management LPnew position · 5,609,589 shares now+5,609,589
- Appaloosa LPexisting position · 14,150,000 shares now+4,900,000
- Holocene Advisors LPnew position · 4,007,936 shares now+4,007,936
- Jane Street Group LLCexisting position · 9,182,184 shares now+3,254,045
Reductions
- D. E. Shaw & Co.existing position · 16,143,624 shares now-10,937,354
- Citadel Advisors LLCexisting position · 1,978,573 shares now-5,179,623
- Susquehanna International Group LLPexisting position · 3,964,893 shares now-2,666,708
- Renaissance Technologies LLCexisting position · 1,447,132 shares now-1,264,200
- Two Sigma Investments LPexisting position · 12,582,898 shares now-1,087,902
New positions and exits
New (9)
Exited (2)
- Quantbot Technologies LPwas $4.3m
- Schonfeld Strategic Advisors LLCwas $644k
Ownership over time
Tracked managers listing it, at least.
| Quarter | Holders | Reported value | Buyers | Sellers |
|---|---|---|---|---|
| Q4 2013 | 18 | $1.8bn | n.a. | n.a. |
| Q1 2014 | 25 | $5.8bn | n.a. | n.a. |
| Q2 2014 | 27 | $8.5bn | n.a. | n.a. |
| Q3 2014 | 29 | $6.9bn | n.a. | n.a. |
| Q4 2014 | 25 | $10.8bn | n.a. | n.a. |
| Q1 2015 | 18 | $10.4bn | n.a. | n.a. |
| Q2 2015 | 19 | $6.4bn | n.a. | n.a. |
| Q3 2015 | 16 | $5.8bn | n.a. | n.a. |
| Q4 2015 | 19 | $5.7bn | n.a. | n.a. |
| Q1 2016 | 19 | $5.3bn | n.a. | n.a. |
| Q2 2016 | 13 | $3.1bn | n.a. | n.a. |
| Q3 2016 | 15 | $5.2bn | n.a. | n.a. |
| Q4 2016 | 19 | $7.2bn | n.a. | n.a. |
| Q1 2017 | 15 | $6.2bn | n.a. | n.a. |
| Q2 2017 | 19 | $7.2bn | n.a. | n.a. |
| Q3 2017 | 16 | $7.1bn | n.a. | n.a. |
| Q4 2017 | 13 | $7.8bn | n.a. | n.a. |
| Q1 2018 | 13 | $7.8bn | n.a. | n.a. |
| Q2 2018 | 15 | $5.3bn | n.a. | n.a. |
| Q3 2018 | 16 | $4.9bn | n.a. | n.a. |
| Q4 2018 | 14 | $3.4bn | n.a. | n.a. |
| Q1 2019 | 11 | $2.9bn | n.a. | n.a. |
| Q2 2019 | 8 | $3.0bn | n.a. | n.a. |
| Q3 2019 | 11 | $2.0bn | n.a. | n.a. |
| Q4 2019 | 11 | $2.3bn | n.a. | n.a. |
| Q1 2020 | 8 | $543m | n.a. | n.a. |
| Q2 2020 | 6 | $249m | n.a. | n.a. |
| Q3 2020 | 2 | $3.9m | n.a. | n.a. |
| Q4 2020 | 7 | $463m | n.a. | n.a. |
| Q1 2021 | 6 | $443m | n.a. | n.a. |
| Q2 2021 | 7 | $812m | n.a. | n.a. |
| Q3 2021 | 10 | $738m | n.a. | n.a. |
| Q4 2021 | 6 | $298m | n.a. | n.a. |
| Q1 2022 | 9 | $492m | n.a. | n.a. |
| Q2 2022 | 6 | $298m | n.a. | n.a. |
| Q3 2022 | 7 | $340m | n.a. | n.a. |
| Q4 2022 | 8 | $532m | n.a. | n.a. |
| Q1 2023 | 11 | $967m | n.a. | n.a. |
| Q2 2023 | 15 | $1.3bn | n.a. | n.a. |
| Q3 2023 | 11 | $748m | n.a. | n.a. |
| Q4 2023 | 7 | $309m | 2 | 7 |
| Q1 2024 | 13 | $430m | 11 | 3 |
| Q2 2024 | 8 | $183m | 6 | 3 |
| Q3 2024 | 9 | $120m | 9 | 1 |
| Q4 2024 | 16 | $973m | 12 | 3 |
| Q1 2025 | 10 | $504m | 9 | 4 |
| Q2 2025 | 10 | $446m | 8 | 2 |
| Q3 2025 | 8 | $792m | 5 | 4 |
| Q4 2025 | 14 | $1.8bn | 21 | 14 |
| Q1 2026 | 7 | $459m | 12 | 21 |
| Q2 2026 | 10 | $959m | 15 | 13 |
Compare with…
Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.
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How much of the picture this is
A 13F is a manager’s long US-listed equity book at a quarter end, filed up to 45 days later. It shows no shorts, cash, bonds or performance, and it is never today’s portfolio. Large books are listed to their largest positions, so a manager missing from this table may still hold a small position below that line. These are 95 tracked managers, not the institutional market.
Which funds own AAL, latest filings →Back to the 13F Explorer →