Hudson Bay Capital Management LP
Position in AAL — American Airlines Group Inc.
CIK 1393825
STAMFORD, CT
Position in AAL
as of Mar 31, 2026
· filed May 13, 2026
Position Value
$1,255,742
-$2,385,868 QoQ
Shares Held
116,922
-50.8% QoQ
Ownership
0.018%
of shares outstanding
% of Portfolio
0.01%
of 13F equity value
Holder Rank
—
not a current holder
Holding Since
Sep 2023
8 quarters on record
Voting authority
Sole 100.ToString("F0")%
Shared 0.ToString("F0")%
None 0.ToString("F0")%
Common Shares in AAL Over Time
Shares Held
Position Value (USD)
Derivatives in AAL
reported options exposure · as of Mar 31, 2026CallValue
$0
CallShares
0
PutValue
$82,642,152
PutShares
7,694,800
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, 2026Hudson Bay Capital Management LP holds $46,260,669 across 8 Airlines names. AAL ranks #4 (2.7% of the industry book) .
| # | Ticker | Company | Shares | Value (USD) | Open |
|---|---|---|---|---|---|
| 1 | UAL |
United Airlines Holdings, Inc.
|
396,459 | $36,501,979 | |
| 2 | SRFM |
Surf Air Mobility Inc.
|
3,510,638 | $4,037,233 | |
| 3 | ALGT |
Allegiant Travel CO
|
39,488 | $3,200,107 | |
| 4 | AAL |
American Airlines Group Inc.
This page
|
116,922 | $1,255,742 | |
| 5 | ALK |
Alaska Air Group, Inc.
|
18,000 | $662,040 | |
| 6 | AERO |
Grupo Aeromexico, S.A.B. de C.V.
|
25,000 | $350,250 | |
| 7 | RJET |
Republic Airways Holdings Inc.
|
11,386 | $203,581 | |
| 8 | ULCC |
Frontier Group Holdings, Inc.
|
14,090 | $49,737 |
All Filings in AAL
Export CSV
12 filing rows on record
| Report Date | Value (USD) | Shares | Type | Discretion | Filed | |
|---|---|---|---|---|---|---|
| 2026-03-31 | $1,255,742 | 116,922 | Shares | Sole | 2026-05-13 | |
| 2026-03-31 | $82,642,152 | 7,694,800 | Put | Sole | 2026-05-13 | |
| 2025-12-31 | $3,641,610 | 237,548 | Shares | Sole | 2026-02-13 | |
| 2025-12-31 | $117,961,284 | 7,694,800 | Put | Sole | 2026-02-13 | |
| 2025-09-30 | $76,970,396 | 6,847,900 | Put | Sole | 2025-12-15 | |
| 2025-06-30 | $74,020,584 | 6,597,200 | Put | Sole | 2025-08-18 | |
| 2025-06-30 | $243,507 | 21,703 | Shares | Sole | 2025-08-18 | |
| 2025-03-31 | $37,919,865 | 3,594,300 | Put | Sole | 2025-05-14 | |
| 2024-12-31 | $5,855,765 | 335,959 | Shares | Sole | 2025-02-14 | |
| 2024-12-31 | $27,788,649 | 1,594,300 | Put | Sole | 2025-02-14 | |
| 2024-09-30 | $17,919,932 | 1,594,300 | Put | Sole | 2024-11-13 | |
| 2023-09-30 | $5,124,000 | 400,000 | Shares | Sole | 2023-12-07 | |
| No filing history on record for this holder in this stock. | ||||||