Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

American Airlines Group Inc (AAL)

576 + Investors. Track Smart Money conviction in AAL. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +8
Streak
2Q ▲
Buyers last Q
50%

Smart Money Signals — AAL

Based on 578 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds added AAL than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (98% of max)

98% of all-time peak
578 hedge funds hold AAL right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding AAL is almost the same as a year ago (-1 funds, 0% change). No significant rush to buy or sell — institutional backing is holding steady.
🟡

Slight buying edge — 50% buying

294 buying290 selling
Last quarter: 294 funds bought or added vs 290 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
📈

More new buyers each quarter (+9 vs last Q)

new funds entering per quarter
Funds opening a new AAL position: 98 → 81 → 101 → 110. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

64% of holders stayed for 2+ years

■ 64% conviction (2yr+) ■ 19% medium ■ 16% new
371 out of 578 hedge funds have held AAL for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💎

Buying through price weakness — shares -2%, value -32%

Value
-32%
Shares
-2%
Last quarter: funds added -2% more shares while total portfolio value only changed -32%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📈

Growing discovery — still being found

103 → 98 → 81 → 101 → 110 new funds/Q
New funds entering each quarter: 98 → 81 → 101 → 110. A growing number of institutions are discovering AAL each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 72% veterans vs 17% newcomers

■ 72% veterans ■ 11% 1-2yr ■ 17% new
Entry-cohort mix of 639 holders: 457 (72%) are 2+ year veterans, 72 entered 1–2 years ago, and 110 (17%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 45% AUM from top-100 funds

45% from top-100 AUM funds
51 of 560 holders are among the 100 largest funds by AUM, controlling 45% of total institutional value in AAL. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.3
out of 10
Low Exit Risk
Exit risk score 3.3/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — AAL

In 2026 Q1, 294 hedge funds were net buyers of AAL (110 opened a new position, 184 added to an existing one), while 290 reduced or exited (188 trimmed, 102 sold completely) — a 50% buyer ratio, indicating a slight buying edge. Net buying has persisted for two consecutive quarters, a positive momentum signal. 45% of total institutional value in AAL is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +8 funds (more new holders than closures). Total institutional holders: 578.

Hedge Fund Ownership: AAL

How many hedge funds hold AAL — quarterly history vs. share price
Quarterly hedge fund ownership of AAL vs. share price

Market Analysis: AAL

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: AAL

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy American Airlines Group Inc (AAL) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much AAL has moved relative to its sector benchmark (XLI) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 77d ago
AAL
+46.3%
XLI
+10.5%

AAL outperformed XLI by +35.8% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 32d ago
AAL
+27.6%
XLI
+4.2%

Since the filing became public, AAL outperformed XLI by +23.4% .

Interpretation: The stock has meaningfully outrun its sector. The trade has partially played out; entry is at a premium to the fund's implied reference. Learn more →

Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

41 top-rated funds 2 high-conviction
Consensus
7.0
/ 10
breadth
×
Elite
2.0
/ 10
conviction
Hedge Fund Positioning: AAL
576 + Investors

Track Smart Money conviction in AAL. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 576 570 1.05%
13F Shares 642M 655M -1.97%
Total Value $6.88B $10.15B -32.18%
New Positions 109 101 +8
Increased Positions 169 168 +1
Closed Positions 103 91 +12
Reduced Positions 172 195 -23
Total Calls 36 29 24.14%
Total Puts 43 46 -6.52%
PUT/CALL Ratio 1.19 1.59 Neutral

Statistics: AAL

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Valuation Measures Data as of: --

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Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Total Cash (mrq) --
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Institutional Holders (2026 Q1)

576 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in AAL. Verified SEC 13F-HR filings.

QUARTER:
Top 25 AAL holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 U S Global Investors Inc 8.06% 6,435,049 $69.1M
2 Lombard Odier Asset Management (USA) Corp 6.80% 6,060,100 $65.1M
3 Mountain Hill Investment Partners Corp. 4.10% 645,400 $6.9M
4 BlackBarn Capital Partners LP 3.46% 4,000,000 $43.0M
5 Prentice Capital Management, LP 3.28% 139,790 $1.5M
6 Columbus Hill Capital Management, L.P. 1.36% 850,000 $9.1M
7 Hennessy Advisors Inc 1.09% 2,810,900 $30.2M
8 Interval Partners, LP 1.04% 3,709,500 $39.8M
9 Slate Path Capital LP 1.03% 6,471,684 $69.5M
10 Collaborative Fund Advisors, LLC 1.02% 153,939 $1.7M
11 Teza Capital Management LLC 1.00% 25,424 $273K
12 BW Gestao de Investimentos Ltda. 0.88% 2,468,000 $26.5M
13 Occudo Quantitative Strategies LP 0.79% 1,241,933 $14.5M
14 Longaeva Partners L.P. 0.62% 1,550,000 $16.6M
15 Fsa Wealth Partners, INC. 0.57% 110,680 $1.2M
16 Havemeyer Place LP 0.54% 432,147 $4.6M
17 Fifth Lane Capital, LP 0.52% 40,000 $430K
18 Hussman Strategic Advisors, INC. 0.49% 210,000 $2.3M
19 Neo Ivy Capital Management 0.45% 157,994 $1.7M
20 Kwmg, LLC 0.44% 486,436 $5.2M
21 Primecap Management Co/Ca/ 0.41% 48,989,954 $526.2M
22 Nebula Research & Development LLC 0.41% 428,752 $4.8M
23 Daytona Street Capital LLC 0.39% 45,150 $505K
24 Par Capital Management Inc 0.39% 1,250,000 $13.4M
25 Two Sigma Advisers, LP 0.36% 12,066,900 $185.0M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — American Airlines Group Inc (AAL)

What does the Smart Money Trend signal show for AAL?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added AAL than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for AAL?

Slight buying edge — 50% buying: Last quarter: 294 funds bought or added vs 290 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for AAL holders?

Elite ownership — 45% AUM from top-100 funds: 51 of 560 holders are among the 100 largest funds by AUM, controlling 45% of total institutional value in AAL. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held AAL?

64% of holders stayed for 2+ years: 371 out of 578 hedge funds have held AAL for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy American Airlines Group Inc (AAL) following the 2026 Q1 hedge fund 13F filings?

As of today, AAL has moved +27.6% since the 2026 Q1 13F filing date (May 15, 2026), compared to +4.2% for the XLI sector ETF — an outperformance of +23.4%. Since the quarter end (March 31, 2026), AAL has gained +46.3% vs +10.5% for XLI. The stock has meaningfully outrun its sector. The trade has partially played out; entry is at a premium to the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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