Smart Money is Buying American International Group (AIG)

According to the most recent reported 13F filings, institutional investors showed notable buying activity in American International Group (AIG), with several prominent quantitative, hedge fund, and value investors increasing their positions during the quarter.

The buying included significant additions from Cliff Asness and Steve Cohen, alongside increased positions from Ray Dalio, Jeremy Grantham, Joel Greenblatt, Rich Pzena, Ken Fisher, and Mario Gabelli.

Below are some of the most notable buyers from the latest reported quarter:

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Cliff Asness

Shares: 4,153,973  Added: 1,352,524  Value: $0.31B

AQR Capital Management made the largest reported AIG purchase among the investors shown, adding more than 1.35 million shares during the quarter. The firm previously held approximately 2.80 million shares, with the latest buying increasing its total position to more than 4.15 million shares valued at approximately $310 million.

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Steve Cohen

Shares: 1,972,174  Added: 526,103  Value: $0.15B

Point72 Asset Management significantly increased its AIG position during the quarter, purchasing 526,103 additional shares. The firm previously owned approximately 1.45 million shares, with the latest addition taking its total holding to more than 1.97 million shares valued at approximately $150 million.

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Ray Dalio

Shares: 295,074  Added: 118,809  Value: $0.02B

Bridgewater Associates increased its exposure to AIG by 118,809 shares during the quarter. The firm previously held 176,265 shares and finished the reporting period with 295,074 shares valued at approximately $20 million.

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Jeremy Grantham

Shares: 90,031  Added: 22,962  Value: $0.01B

GMO added 22,962 AIG shares during the quarter, increasing its position from 67,069 shares to 90,031 shares. The holding was valued at approximately $10 million at the end of the reporting period.

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Joel Greenblatt

Shares: 21,792  Added: 13,895  Value: <$0.01B

Gotham Asset Management substantially increased its AIG position, purchasing 13,895 additional shares. The firm previously owned 7,897 shares, meaning the latest purchase increased its holding to 21,792 shares.

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Rich Pzena

Shares: 456,619  Added: 6,870  Value: $0.03B

Pzena Investment Management added 6,870 shares to its existing AIG investment during the quarter. The firm previously held 449,749 shares and finished the period with 456,619 shares valued at approximately $30 million.

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Ken Fisher

Shares: 3,438  Added: 480  Value: <$0.01B

Fisher Asset Management increased its AIG position by 480 shares, taking its total holding from 2,958 shares to 3,438 shares at the end of the quarter.

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Mario Gabelli

Shares: 10,100  Added: 119  Value: <$0.01B

GAMCO Investors also added to its AIG position during the quarter, purchasing 119 additional shares. The firm previously held 9,981 shares and finished the reporting period with 10,100 shares.