L3VLUP
Quarter end
31 Dec 2025
the date the book describes
Filed
27 Oct 2026
latest of these filings; the earliest 4 Feb 2026
Managers listing it
23
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 5 listed it in both
Shares listed
4,171,097
combined, among listed positions
Reported value
$345m
combined, at the quarter end

Among the 92 comparable managers: 11 buyers (opened or added shares) and 12 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +560,515.

Managers listing AIR in Q4 2025

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q3 2025, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

23 of 23 holders

ActionFiling
Wellington Management Group LLP1,745,352$144munder 0.1%Added+258,57717 Feb 2026 (the filing on sec.gov)
Invesco Ltd1,122,792$93munder 0.1%Added+80,26519 Feb 2026 (the filing on sec.gov)
GAMCO Investors Inc241,215$20m0.19%Trimmed-6,2125 Feb 2026 (the filing on sec.gov)
Fidelity (FMR LLC)187,374$16munder 0.1%Added+63,10117 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd187,370$16munder 0.1%Trimmed-21,08917 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC163,251$14munder 0.1%Added+160,88817 Feb 2026 (the filing on sec.gov)
Arrowstreet Capital LP120,362$10.0munder 0.1%Added+58,08913 Feb 2026 (the filing on sec.gov)
Hudson Bay Capital Management LP71,713$5.9munder 0.1%Newnew13 Feb 2026 (the filing on sec.gov)
PDT Partners LLC65,960$5.5m0.35%Held017 Feb 2026 (the filing on sec.gov)
First Eagle Investment Management LLC61,619$5.1munder 0.1%Added+11,3004 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP44,241$3.7munder 0.1%Added+4,64317 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC40,903$3.4munder 0.1%Trimmed-57317 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc35,184$2.9munder 0.1%Added+5,36517 Feb 2026 (the filing on sec.gov)
Millennium Management LLC21,730$1.8munder 0.1%Trimmed-8,84817 Feb 2026 (the filing on sec.gov)
Marshall Wace LLP16,880$1.4munder 0.1%Trimmed-78,60013 Feb 2026 (the filing on sec.gov)
Quantbot Technologies LP10,379$859kunder 0.1%Trimmed-10,53610 Feb 2026 (the filing on sec.gov)
Caxton Associates LLP8,706$721kunder 0.1%Trimmed-1,70013 Feb 2026 (the filing on sec.gov)
Verition Fund Management LLC8,387$694kunder 0.1%Trimmed-7,58613 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.3,900$323kunder 0.1%Trimmed-7,06017 Feb 2026 (the filing on sec.gov)
Squarepoint Ops LLC3,903$323kunder 0.1%Newnew13 Feb 2026 (the filing on sec.gov)
Two Sigma Investments LP3,700$306kunder 0.1%Trimmed-8,00017 Feb 2026 (the filing on sec.gov)
Brevan Howard Capital Management LP3,683$305kunder 0.1%Trimmed-3,17617 Feb 2026 (the filing on sec.gov)
Neuberger Berman Group LLC2,493$206kunder 0.1%Newnew27 Oct 2026 (the filing on sec.gov)

Largest increases and reductions, by shares

Q3 2025 to Q4 2025, among managers that listed it in both quarters or opened it.

Increases

Reductions

New positions and exits

At least these many: a manager is shown exiting only where its own filing shows the position gone.

Ownership over time

Every quarter on file. A quarter-end value moves with the price as well as with the shares held; buyers and sellers count comparable managers, by shares.
2 in Q3 2024 to 7 in Q2 2026

Tracked managers listing it, at least.

035810201420182020202220242026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
AIR by quarter
QuarterHoldersReported valueBuyersSellers
Q3 20132$23mn.a.n.a.
Q4 20133$34mn.a.n.a.
Q1 20142$28mn.a.n.a.
Q2 20142$18mn.a.n.a.
Q3 20141$11mn.a.n.a.
Q4 20142$10mn.a.n.a.
Q1 20152$11mn.a.n.a.
Q2 20151$8.5mn.a.n.a.
Q3 20151$228kn.a.n.a.
Q3 20161$2.2mn.a.n.a.
Q4 20162$2.6mn.a.n.a.
Q1 20172$11mn.a.n.a.
Q2 20171$2.4mn.a.n.a.
Q3 20173$5.5mn.a.n.a.
Q4 20172$3.3mn.a.n.a.
Q1 20181$3.1mn.a.n.a.
Q2 20181$3.3mn.a.n.a.
Q3 20183$20mn.a.n.a.
Q4 20181$6.0mn.a.n.a.
Q1 20198$89mn.a.n.a.
Q2 20198$112mn.a.n.a.
Q3 20194$125mn.a.n.a.
Q4 20192$128mn.a.n.a.
Q1 20202$52mn.a.n.a.
Q2 20201$8.1mn.a.n.a.
Q3 20201$6.9mn.a.n.a.
Q4 20203$125mn.a.n.a.
Q1 20212$123mn.a.n.a.
Q2 20214$28mn.a.n.a.
Q3 20212$9.8mn.a.n.a.
Q4 20213$14mn.a.n.a.
Q1 20223$19mn.a.n.a.
Q2 20225$28mn.a.n.a.
Q3 20222$13mn.a.n.a.
Q4 20222$17mn.a.n.a.
Q1 20232$23mn.a.n.a.
Q2 20232$25mn.a.n.a.
Q3 20233$55mn.a.n.a.
Q4 20233$58m12
Q1 20244$64m31
Q2 20244$79m22
Q3 20242$33m12
Q4 20244$31m02
Q1 20252$23m11
Q2 20253$27m21
Q3 20255$167m23
Q4 20256$182m1112
Q1 20269$191m1811
Q2 20267$224m1416

Compare with…

Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.

AIR and RTX →AIR and BA →AIR and TDG →Choose a stock to compare with AIR →

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 AIR, latest filings →Back to the 13F Explorer →