In a notable portfolio shift, quantitative hedge fund Renaissance Technologies, founded by Jim Simons, liquidated its entire holding in American Airlines (AAL) during the second quarter of 2026. According to regulatory filings, the firm sold all 9.69 million shares, a position previously valued at approximately $104.04 million.
This trade information comes from a quarterly 13F filing, which is released with a delay and reflects positions held as of June 30, 2026. During that quarter, American Airlines reported record revenue but also faced investor concerns over rising fuel costs and a cautious full-year outlook, which impacted its stock performance despite an earnings beat.