Free · no sign-up · Q2 2026

Which funds own AAL

American Airlines Group Inc in the Q2 2026 filings. At least 6 of the 91 current managers on file reported a position, worth $775m between them. It is among the largest positions of fewer than a fifth of the current managers on file. The quarter went one way: 6 managers opened or added against 1 cutting.

Managers holding: 6; at least, of 91 current
Combined value: $775m; as reported
Opened: 4; new this quarter
Added to: 2; already held
Trimmed or sold out: 1; 1 sold out entirely

Only each manager’s largest 200 positions are listed here, so a smaller holder may be missing.

Managers reporting a position

Largest first. Weight is the share of that manager’s whole reported book, which is the number worth quoting: $400m is a rounding error in one book and a defining bet in another.

Manager	Value	Weight	Shares	Change on the quarter	Action
Two Sigma Investments LP Quantitative · $138bn book	$492m	0.4%	27,240,983	+$340m+13,060,865	Added
Appaloosa LP Activist · $7.7bn book	$136m	1.8%	7,500,000	opened7,500,000	New
Voloridge Investment Management LLC Quantitative · $23.5bn book	$78m	0.3%	4,307,624	opened4,307,624	New
Walleye Capital LLC Multi-strategy · $28.0bn book	$59m	0.2%	3,276,588	+$57m+3,079,362	Added
Caxton Associates LLP Macro · $5.3bn book	$5.0m	0.1%	274,049	opened274,049	New
Quantbot Technologies LP Quantitative · $2.5bn book	$4.8m	0.2%	263,834	opened263,834	New

Sold out of this quarter

Valued at what the position was worth in the previous filing, because by this one it is gone.

Renaissance Technologies LLC · Quantitative$104m held before

Ownership through time

At least 10 of the 95 managers whose filings are on file listed AAL in Q2 2026, against 17 in Q4 2013. 3 managers more than in Q1 2026: 6 started positions; 1 listed it again; 1 sold out, by its own filing; 3 no longer listed it among the positions read, which can mean a holding below the listed range or a filing not yet made.

Each manager’s largest 500 positions a quarter are read, so a small holding in a very large book can be missing, and a manager is counted as leaving only where its own filing shows it.

Managers on file listing it

Their combined reported value

Between the quarter ends of Q1 2026 and Q2 2026. Each change in shares is valued at the Q2 2026 price, so the price’s own move is left out; a 13F shows the two quarter ends, not when in between anything was bought or sold.

Started in Q2 2026

Largest increases, by shares

Two Sigma Investments LP14,180,118 to 27,240,983 shares+$236m
Appaloosa LPnew: 7,500,000 shares+$136m
Voloridge Investment Management LLCnew: 4,307,624 shares+$78m
Balyasny Asset Management LLCnew: 3,329,378 shares+$60m
Caxton Associates LLPnew: 274,049 shares+$5.0m

Largest decreases, by shares

D. E. Shaw & Co.9,863,106 to 6,299,815 shares-$64m

Left it

Renaissance Technologies LLCwas $104m

Manager	First listed	Largest	Q2 2026
Two Sigma Investments LP	Q4 2013	$492m	$492m
Appaloosa LP	Q4 2016	$217m	$136m
D. E. Shaw & Co.	Q4 2013	$304m	$114m
Voloridge Investment Management LLC	Q4 2013	$85m	$78m
Balyasny Asset Management LLC	Q4 2013	$189m	$60m
Walleye Capital LLC	Q4 2025	$59m	$59m
Bridgewater Associates LP	Q3 2014	$8.3m	$8.3m
Caxton Associates LLP	Q4 2013	$5.0m	$5.0m
Quantbot Technologies LP	Q1 2014	$12m	$4.8m
Winton Group Ltd	Q4 2016	$15m	$2.3m
T. Rowe Price Associates Inc	Q4 2013	$4.8bn	last listed Q4 2018
Berkshire Hathaway Inc	Q3 2016	$2.4bn	last listed Q1 2020
Capital World Investors	Q4 2013	$2.2bn	last listed Q1 2020
Fidelity (FMR LLC)	Q4 2013	$1.9bn	last listed Q4 2019
Harris Associates LP	Q4 2017	$691m	last listed Q4 2019
Marshall Wace LLP	Q1 2014	$398m	last listed Q1 2026
Wellington Management Group LLP	Q4 2013	$381m	last listed Q4 2017
Neuberger Berman Group LLC	Q4 2013	$374m	last listed Q1 2022
Invesco Ltd	Q4 2014	$363m	last listed Q3 2019
Susquehanna International Group LLP	Q2 2014	$348m	last listed Q2 2024

Reported as options rather than shares

A put or a call on a name is not a position in it, and the filing states the notional rather than what the option cost. These lines are listed apart for that reason and are not counted in anything above.

Hudson Bay Capital Management LP · puts$139m notional

What AAL is worth

Knowing who owns it is half the question. The other half is what it is worth against the companies it trades beside, which is the one an interviewer will follow up with.

Build the comp set around AAL →

How much of the picture this is

A Form 13F reports US-listed long equity and nothing else: no shorts, no bonds, no cash and no non-US listings. It arrives forty-five days after the quarter ends, so a manager who sold in July still shows the position in a filing published in August. This page reads the managers on file here rather than every filer in the market, and each manager’s largest positions rather than the whole table, so a small position in a very large book may not appear. Say “their last filing showed” rather than “they own”, and the distinction will do you credit.

What to do with a name the funds are buying

Knowing who owns something is the start of a pitch, not the pitch. The next questions are what it is worth and why they were buying.

Comps ExplorerValue it against the peers it trades beside Every managerRead any of these books in full Deal tapeWhat buyers paid for whole companies, not slices Hedge fund interviewsHow the room runs, and the stock pitch it wants

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The holdings, every quarter, and the week between

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