Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in AAL held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 58.3M | $626.1M | +2.5% | 8.829% | 0.01% |
| 2 | PRIMECAP MANAGEMENT CO/CA/ | 49.0M | $526.2M | -0.0% | 7.419% | 0.41% |
| 3 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 35.7M | $383.7M | +27.6% | 5.411% | 0.04% |
| 4 | VANGUARD CAPITAL MANAGEMENT LLC | 29.3M | $314.4M | — | 4.433% | 0.01% |
| 5 | VANGUARD PORTFOLIO MANAGEMENT LLC | 28.4M | $304.5M | — | 4.294% | 0.02% |
| 6 | UBS Group AG | 22.1M | $237.2M | +48.9% | 3.344% | 0.04% |
| 7 | STATE STREET CORP | 19.2M | $206.5M | +3.4% | 2.912% | 0.01% |
| 8 | TWO SIGMA INVESTMENTS, LP | 14.2M | $152.3M | +11.8% | 2.147% | 0.12% |
| 9 | Parallax Volatility Advisers, L.P. | 12.7M | $148.9M | — | 1.916% | 0.81% |
| 10 | GEODE CAPITAL MANAGEMENT, LLC | 12.7M | $136.3M | -0.9% | 1.921% | 0.01% |
| 11 | GOLDMAN SACHS GROUP INC | 11.3M | $121.7M | +25.9% | 1.716% | 0.01% |
| 12 | RENAISSANCE TECHNOLOGIES LLC | 9.7M | $104.0M | +569.4% | 1.467% | 0.16% |
| 13 | DIMENSIONAL FUND ADVISORS LP | 7.1M | $76.1M | +2.2% | 1.073% | 0.02% |
| 14 | MARSHALL WACE, LLP | 7.1M | $75.8M | — | 1.069% | 0.08% |
| 15 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 6.8M | $72.8M | +4.6% | 1.027% | 0.01% |
| 16 | CITIGROUP INC | 6.7M | $72.2M | -0.8% | 1.018% | 0.03% |
| 17 | BNP PARIBAS ARBITRAGE, SA | 3.9M | $72.0M | +141.8% | 0.594% | 0.04% |
| 18 | Slate Path Capital LP | 6.5M | $69.5M | -28.4% | 0.980% | 1.03% |
| 19 | U S GLOBAL INVESTORS INC | 6.4M | $69.1M | +15.5% | 0.975% | 8.06% |
| 20 | MORGAN STANLEY | 5.6M | $60.2M | +25.2% | 0.849% | 0.00% |
| 21 | NORTHERN TRUST CORP | 4.9M | $52.6M | -0.4% | 0.742% | 0.01% |
| 22 | Connor, Clark & Lunn Investment Management Ltd. | 4.3M | $45.7M | +145.7% | 0.644% | 0.11% |
| 23 | VANGUARD FIDUCIARY TRUST CO | 4.1M | $44.1M | — | 0.622% | 0.01% |
| 24 | Walleye Trading LLC | 4.1M | $44.1M | -16.4% | 0.622% | 0.11% |
| 25 | NOMURA HOLDINGS INC | 4.0M | $42.5M | -65.3% | 0.599% | 0.14% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in AAL — a direct measure of their conviction.
Filings activity in AAL during Q1 2026, grouped by how each filer changed its position.
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 546 | +1.1% | 51.55% | 22.04 pp | $5.10B | 30% |
| Q4 2025 | 540 | +3.8% | 73.59% | +15.65 pp | $7.28B | +27% |
| Q3 2025 | 520 | 6.0% | 57.94% | 3.76 pp | $5.73B | 6.1% |
| Q2 2025 | 553 | +0.9% | 61.70% | +6.18 pp | $6.10B | +11% |
| Q1 2025 | 548 | 1.3% | 55.52% | 39.03 pp | $5.49B | 41% |
| Q4 2024 | 555 | +9.7% | 94.55% | +34.78 pp | $9.35B | +58% |
| Q3 2024 | 506 | 8.7% | 59.77% | 1.98 pp | $5.91B | 3.2% |
| Q2 2024 | 554 | — | 61.75% | — | $6.11B | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying AAL stock.
Based on Q1 2026 13F filings, institutional ownership of American Airlines Group Inc. stands at 51.5%, held across 546 reporting institutions.
BlackRock, Inc. is the largest reported institutional holder of AAL, with approximately 58,297,854 shares worth $0.63B as of Q1 2026.
Yes — 3 widely-followed marquee investors appear among the top 25 institutional holders of AAL, including SUSQUEHANNA INTERNATIONAL GROUP, LLP, TWO SIGMA INVESTMENTS, LP, RENAISSANCE TECHNOLOGIES LLC.
Our composite Smart Money Score for AAL is 51 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
109 institutions opened new positions in AAL during Q1 2026, while 103 fully exited. 66 added to existing positions and 369 trimmed.
AAL institutional ownership fell by 22.04 percentage points quarter-over-quarter, with a net change of +6 holders.
The top 10 institutions account for 59.5% of all reported 13F value in AAL, and the top 25 account for 79.6%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
American Airlines Group Inc. (AAL) Institutional Ownership