TWO SIGMA INVESTMENTS, LP

Position in AAL — American Airlines Group Inc.

CIK 1179392 NEW YORK, NY

Back to AAL Full portfolio

Position in AAL

as of Mar 31, 2026 · filed May 15, 2026 Compact

Position Value

$152,294,467

-$40,601,359 QoQ

Shares Held

14,180,118

+12.7% QoQ

Ownership

2.14%

of shares outstanding

% of Portfolio

0.14%

of 13F equity value

Holder Rank

—

not a current holder

Holding Since

Mar 2020

25 quarters on record

Voting authority Sole 98.14740610762195.ToString("F0")% Shared 0.ToString("F0")% None 1.8525938923780465.ToString("F0")%

Common Shares in AAL Over Time

Shares Held

Position Value (USD)

Derivatives in AAL

reported options exposure · as of Dec 31, 2025

CallValue

$692,916

CallShares

45,200

PutValue

$919,800

PutShares

60,000

Notional value of option positions as reported on Form 13F. Calls and puts are disclosed separately and do not net against the common-share stake above.

Position in Airlines

Industrials · as of Mar 31, 2026

TWO SIGMA INVESTMENTS, LP holds $379,013,514 across 12 Airlines names. AAL ranks #1 (40.2% of the industry book) .

#	Ticker	Company	Shares	Value (USD)
1	AAL	American Airlines Group Inc. This page	14,180,118	$152,294,467
2	LTM	Latam Airlines Group S.A.	1,348,210	$66,655,502
3	CPA	Copa Holdings, S.A.	475,343	$54,003,718
4	JBLU	Jetblue Airways Corp	11,843,102	$52,346,510
5	SKYW	Skywest Inc	166,793	$15,316,601
6	ULCC	Frontier Group Holdings, Inc.	2,268,056	$8,006,237
7	RYAAY	Ryanair Holdings PLC	135,018	$7,804,040
8	UAL	United Airlines Holdings, Inc.	79,700	$7,337,979

All Filings in AAL

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50 filing rows on record

Report Date	Value (USD)	Shares	Change	Type	Discretion	Filed
2026-03-31	$152,294,467	14,180,118	+12.7%	Shares	Sole	2026-05-15
2025-12-31	$192,895,826	12,582,898	+20871.5%	Shares	Sole	2026-02-17
2025-12-31	$919,800	60,000	+32.7%	Put	Sole	2026-02-17
2025-12-31	$692,916	45,200	-99.7%	Call	Sole	2026-02-17
2025-09-30	$153,659,792	13,670,800	+49.1%	Shares	Sole	2025-11-14
2025-06-30	$102,886,311	9,169,903	+623.4%	Shares	Sole	2025-08-14
2025-03-31	$13,373,180	1,267,600	-85.4%	Put	Sole	2025-05-15
2025-03-31	$91,306,388	8,654,634	+313.0%	Shares	Sole	2025-05-15
2024-12-31	$36,524,704	2,095,508	+53.2%	Shares	Sole	2025-02-14
2024-12-31	$23,837,268	1,367,600	0.0%	Put	Sole	2025-02-14
2024-09-30	$15,371,824	1,367,600	+3201.5%	Put	Sole	2024-11-14
2024-09-30	$465,605	41,424	-99.5%	Shares	Sole	2024-11-14
2024-06-30	$88,667,447	7,825,900	-26.5%	Put	Sole	2024-08-14
2024-03-31	$163,500,525	10,651,500	+50.3%	Put	Sole	2024-05-15
2023-12-31	$97,390,672	7,088,113	-38.1%	Shares	Sole	2024-02-14
2023-12-31	$157,233,690	11,443,500	+5.4%	Put	Sole	2024-02-14
2023-09-30	$139,121,724	10,860,400	+0.1%	Put	Sole	2023-11-14
2023-09-30	$138,921,990	10,844,808	-0.1%	Shares	Sole	2023-11-14
2023-06-30	$194,835,576	10,860,400	-3.1%	Put	Sole	2023-08-14
2023-06-30	$201,107,561	11,210,009	+2.7%	Shares	Sole	2023-08-14
2023-03-31	$160,963,047	10,912,749	+30.0%	Shares	Sole	2023-05-15
2023-03-31	$123,854,275	8,396,900	-5.5%	Put	Sole	2023-05-15
2022-12-31	$113,047,422	8,887,376	+49.2%	Shares	Sole	2023-02-14
2022-12-31	$75,766,680	5,956,500	+57.1%	Put	Sole	2023-02-14
2022-09-30	$45,637,776	3,790,513	+5.1%	Shares	Sole	2022-11-14
2022-09-30	$43,435,504	3,607,600	+67.7%	Put	Sole	2022-11-14
2022-06-30	$27,269,608	2,150,600	-24.8%	Put	Sole	2022-08-15
2022-06-30	$36,278,507	2,861,081	-68.1%	Shares	Sole	2022-08-15
2022-03-31	$163,511,331	8,959,525	+31447.6%	Shares	Sole	2022-05-16
2021-12-31	$510,064	28,400	-6.3%	Put	Sole	2022-02-14
2021-12-31	$544,188	30,300	-99.4%	Call	Sole	2022-02-14
2021-12-31	$86,794,411	4,832,651	+1157.5%	Shares	Sole	2022-02-14
2021-09-30	$7,885,836	384,300	+28.5%	Put	Sole	2021-11-15
2021-09-30	$6,137,532	299,100	-97.0%	Call	Sole	2021-11-15
2021-09-30	$207,674,937	10,120,611	+3.7%	Shares	Sole	2021-11-15
2021-06-30	$207,054,247	9,762,105	+4934.6%	Shares	Sole	2021-08-16
2021-06-30	$4,112,619	193,900	-13.0%	Put	Sole	2021-08-16
2021-06-30	$4,725,588	222,800	-95.1%	Call	Sole	2021-08-16
2021-03-31	$108,689,432	4,547,675	+2548.6%	Shares	Sole	2021-05-17
2021-03-31	$4,103,630	171,700	-2.4%	Put	Sole	2021-05-17
2021-03-31	$4,204,010	175,900	+6.0%	Call	Sole	2021-05-17
2020-12-31	$2,616,243	165,900	+11.3%	Call	Sole	2021-02-16
2020-12-31	$2,349,730	149,000	-97.5%	Put	Sole	2021-02-16
2020-12-31	$93,229,243	5,911,810	+375.3%	Shares	Sole	2021-02-16
2020-09-30	$15,286,302	1,243,800	+32.5%	Put	Sole	2020-11-16
2020-09-30	$11,539,081	938,900	+590.8%	Call	Sole	2020-11-16
2020-06-30	$1,776,500	135,922	-64.5%	Shares	Sole	2020-08-14
2020-03-31	$4,671,208	383,200	-30.9%	Put	Sole	2020-05-15
2020-03-31	$6,759,318	554,497	+150.3%	Shares	Sole	2020-05-15
2020-03-31	$2,700,085	221,500	—	Call	Sole	2020-05-15
No filing history on record for this holder in this stock.