AAR Corp: which funds bought and sold

Institutions that bought and sold AAR shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 225 institutions that filed 13F reports for both quarters added to or opened positions in AAR, and 171 cut or closed them. Together they added a net 464K shares, +1.2% on what they held at the start of the quarter. Active managers and hedge funds on our list were net sellers of 648K shares (−6.3%); index fund managers were net buyers of 823K shares (+5.5%). 69 opened a new position and 40 sold out entirely.

Bought, Q2 2026 225 institutions, 69 of them new holders Sold, Q2 2026 171 institutions, 40 of them sold out

Net change, all compared +464K shares (+1.2%)

Net change, active managers −648K shares (−6.3%), 27 bought, 38 sold

Buyers versus sellers

institutions compared, 442

225 bought 46 171 sold

Active managers and hedge funds 27 bought · 38 sold · −648K

Index fund managers 7 bought · 5 sold · +823K

Other institutions 191 bought · 128 sold · +289K

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
Blackrock, Inc. Index funds	+298K +4.8%	6.5M	$925M
State Street Corp Index funds	+246K +9.5%	2.8M	$405M
Invesco Ltd.	+207K +14.9%	1.6M	$229M
FMR LLC Active manager	+180K +85.4%	392K	$56M
Geode Capital Management, LLC Index funds	+165K +17.0%	1.1M	$163M
Bessemer Group Inc	+136K +19571.0%	137K	$19.6M
Hodges Capital Management Inc.	+133K New position	133K	$19M
Panagora Asset Management Inc Active manager	+116K New position	116K	$16.6M
Tributary Capital Management, LLC	+109K New position	109K	$15.6M
Trexquant Investment LP Hedge fund	+104K +1678.6%	111K	$15.8M
First Eagle Investment Management, LLC Active manager	+98K +153.3%	162K	$23.2M
Hennessy Advisors Inc	+83K New position	83K	$11.9M
Emerald Advisers, LLC	+76K +17.1%	522K	$74.6M
Marsico Capital Management LLC Active manager	+74K +40.7%	254K	$36.3M
Envestnet Asset Management Inc	+71K +62.6%	185K	$26.5M
Jump Financial, LLC	+70K New position	70K	$10M
Nuveen, LLC	+58K +17.7%	387K	$55.2M
Emerald Mutual Fund Advisers Trust	+57K +20.4%	337K	$48.2M
Vanguard Portfolio Management LLC Index funds	+52K +2.5%	2.2M	$312M
Neuberger Berman Group LLC Active manager	+50K +1200.3%	54K	$7.7M

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
FMR LLC Active manager	+180K +85.4%	392K	$56M
Panagora Asset Management Inc Active manager	+116K New position	116K	$16.6M
Trexquant Investment LP Hedge fund	+104K +1678.6%	111K	$15.8M
First Eagle Investment Management, LLC Active manager	+98K +153.3%	162K	$23.2M
Marsico Capital Management LLC Active manager	+74K +40.7%	254K	$36.3M
Neuberger Berman Group LLC Active manager	+50K +1200.3%	54K	$7.7M
Marshall Wace, LLP Hedge fund	+46K New position	46K	$6.6M
Millennium Management LLC Hedge fund	+46K +268.7%	63K	$9M
AQR Capital Management LLC Hedge fund	+41K +131.2%	73K	$10.4M
Two Sigma Investments, LP Hedge fund	+39K +177.5%	61K	$8.7M

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
Franklin Resources Inc Active manager	−295K −47.5%	326K	$46.6M
Jane Street Group, LLC	−182K −91.7%	16K	$2.3M
Westwood Holdings Group Inc Active manager	−171K −18.0%	777K	$111M
Wellington Management Group LLP Active manager	−151K −28.6%	378K	$54M
Fred Alger Management, LLC Active manager	−144K −44.7%	179K	$25.5M
UBS Group AG	−119K −26.2%	335K	$47.9M
Royal Bank Of Canada	−111K −24.2%	349K	$49.9M
Bayberry Capital Partners LP	−110K Sold out	0	—
Nomura Asset Management International Inc.	−98K −33.5%	194K	$27.8M
Ophir Asset Management Pty Ltd	−93K −17.2%	447K	$63.9M
Frontier Capital Management Co LLC Active manager	−77K −18.0%	350K	$50.1M
Qube Research & Technologies Ltd Hedge fund	−73K Sold out	0	—
Broad Bay Capital Management, LP	−69K −8.4%	750K	$107M
Capital Research Global Investors Active manager	−63K −5.2%	1.2M	$166M
Hudson Bay Capital Management LP Hedge fund	−59K Sold out	0	—
Loomis Sayles & Co L P Active manager	−56K −8.8%	583K	$83.3M
Earnest Partners LLC Active manager	−53K −4.1%	1.3M	$179M
Morgan Stanley	−48K −9.2%	475K	$67.8M
Kingdon Capital Management, L.L.C.	−48K −47.5%	53K	$7.5M
Congress Asset Management Co Active manager	−47K Sold out	0	—

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Franklin Resources Inc Active manager	−295K −47.5%	326K	$46.6M
Westwood Holdings Group Inc Active manager	−171K −18.0%	777K	$111M
Wellington Management Group LLP Active manager	−151K −28.6%	378K	$54M
Fred Alger Management, LLC Active manager	−144K −44.7%	179K	$25.5M
Frontier Capital Management Co LLC Active manager	−77K −18.0%	350K	$50.1M
Qube Research & Technologies Ltd Hedge fund	−73K Sold out	0	—
Capital Research Global Investors Active manager	−63K −5.2%	1.2M	$166M
Hudson Bay Capital Management LP Hedge fund	−59K Sold out	0	—
Loomis Sayles & Co L P Active manager	−56K −8.8%	583K	$83.3M
Earnest Partners LLC Active manager	−53K −4.1%	1.3M	$179M

New positions

largest by value

Institution	Shares	Value June 30, 2026
Hodges Capital Management Inc.	133K	$19M
Panagora Asset Management IncActive manager	116K	$16.6M
Tributary Capital Management, LLC	109K	$15.6M
Hennessy Advisors Inc	83K	$11.9M
Jump Financial, LLC	70K	$10M
Marshall Wace, LLPHedge fund	46K	$6.6M
Summit Creek Advisors LLC	32K	$4.6M
First Dallas Securities Inc.	26K	$3.8M
Fulcrum Asset Management LLP	21K	$2.9M
Credit Agricole S A	20K	$2.9M

Sold out

largest by value

Institution	Shares	Value March 31, 2026
Bayberry Capital Partners LP	110K	$12M
Qube Research & Technologies LtdHedge fund	73K	$8M
Hudson Bay Capital Management LPHedge fund	59K	$6.4M
Congress Asset Management CoActive manager	47K	$5.1M
Farallon Capital Management, L.L.C.Hedge fund	46K	$5M
Citadel Advisors LLCHedge fund	43K	$4.7M
Y-Intercept (Hong Kong) Ltd	36K	$3.9M
Arrowstreet Capital, Limited PartnershipHedge fund	32K	$3.5M
Resolute Capital Asset Partners LLC	30K	$3.3M
Virtu Financial LLC	11K	$1.3M

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 407
Ten largest holders: 52.0%
Index fund managers: 38.8%
Active managers and hedge funds: 23.9%

Buying and selling by type of institution, March 31, 2026 to June 30, 2026
Type	Bought	Sold	New	Sold out	Net change in shares	Net %
Active managers and hedge funds	27	38	6	11	−648K	−6.3%
Index fund managers	7	5	0	0	+823K	+5.5%
Other institutions	191	128	63	29	+289K	+2.0%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

What these filings can and cannot tell you

Form 13F lists the long positions in US-listed shares held by investment managers with more than $100 million in such holdings. Managers file it up to 45 days after each quarter ends, so this page shows what funds held at the end of each quarter, not what they are doing now: a position may have changed since. Short positions, most derivatives and smaller managers are not included, and a cut can mean a fund lost clients or rebalanced rather than a view on AAR.

Only managers that filed a holdings report for both quarters are compared (442 here). 11 other holders are left out: first-time or late filers, firms that changed their SEC registration, and filings that withheld positions under confidential treatment, any of which would otherwise look like a new position or a sale. Figures are as reported by each manager in the SEC's quarterly 13F data sets; option positions are excluded.

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