13FPulse
中
AA

AAON AAON INC

2026Q2 · CUSIP 000360206 · Sector: Industrials

Piling in

Net holder growth ranks near the top of the market

Funds that own it
468
Institutions that reported holding it to the SEC
Net increase in holders
+71
Last quarter 397 → now 468
How unusual is that
Top 5%
Stronger buying than 97% of US stocks
What the filings say, in one paragraph

468 funds held AAON at the end of 2026Q2, up 71 from the quarter before. That is stronger buying than 96.9% of US stocks — among the most piled-into names this quarter. On the business itself, revenue over the last 12 months was $1.9B(YoY +53.5%), the P/E is 39.1x, return on equity is 15.8%. AAON has had 12 buying rushes in its history, and the price moved +18.4% on average over the six months after (that is the raw price move, not how much it beat the market by). It sits in the Industrials sector.

How many funds owned it, quarter by quarter

Bars = net change in institutional holders, positive (green) or negative (red). Line = total institutional holders.

2013Q3: holders=117 2013Q4: holders=116 2014Q1: holders=116 2014Q2: holders=120 2014Q3: holders=117 2014Q4: holders=123 2015Q1: holders=128 2015Q2: holders=128 2015Q3: holders=121 2015Q4: holders=126 2016Q1: holders=137 2016Q2: holders=144 2016Q3: holders=145 2016Q4: holders=158 2017Q1: holders=148 2017Q2: holders=145 2017Q3: holders=143 2017Q4: holders=154 2018Q1: holders=156 2018Q2: holders=155 2018Q3: holders=156 2018Q4: holders=157 2019Q1: holders=166 2019Q2: holders=166 2019Q3: holders=173 2019Q4: holders=166 2020Q1: holders=169 2020Q2: holders=192 2020Q3: holders=188 2020Q4: holders=200 2021Q1: holders=207 2021Q2: holders=206 2021Q3: holders=203 2021Q4: holders=213 2022Q1: holders=203 2022Q2: holders=202 2022Q3: holders=219 2022Q4: holders=253 2023Q1: holders=276 2023Q2: holders=300 2023Q3: holders=292 2023Q4: holders=302 2024Q1: holders=330 2024Q2: holders=362 2024Q3: holders=381 2024Q4: holders=422 2025Q1: holders=383 2025Q2: holders=391 2025Q3: holders=405 2025Q4: holders=398 2026Q1: holders=397 2026Q2: holders=468 -71 -35.5 +0 +35.5 +71 104298492 13Q315Q116Q318Q119Q321Q122Q324Q125Q326Q2 Net change in holders (bars) Total funds holding (line)

What happened after each past buying rush 12 times in its history

Quarter of the rush How unusual then Price, next 3 months Price, next 6 months
2026Q2 Top 5% — —
2024Q4 Top 20% -5.4% -27.5%
2024Q3 Top 20% -21.1% -23.8%
2024Q2 Top 10% +50.3% +28.9%
2024Q1 Top 10% +21.6% +78.6%
2023Q2 Top 10% +1.7% +34.5%
2023Q1 Top 10% -0.1% +4.8%
2022Q4 Top 20% +16.4% +18.0%

These are the raw price moves, not how much it beat the market by. Compare them against the market over the same months — in a strong bull market almost everything is up.

Show all the numbers (large funds, value held, options…) ▾
Of them, large funds
202
Change in large funds
+27
Total value they hold
$8.2B
Funds buying for the first time
116
Funds that sold out entirely
45
Price change that quarter
-44.2%
Funds holding puts (bearish)
5
Funds holding calls (bullish)
3

These are for people who want to dig. Skip them if they do not mean anything to you — the three numbers above are enough.

8,697 institutions have filed for this quarter. 13F permits late filing and a small number arrive in the weeks after the deadline, so the holder counts and changes below may tick up.

Fundamentals

PE (TTM)
39.1
EPS (TTM)
$1.91
EPS YoY
+29.0%
Revenue (TTM)
$1.9B
Revenue YoY
+53.5%
Net margin
8.2%
ROE
15.8%
Debt ratio
45.8%
FCF (TTM)
—
Dividend (TTM)
$0.40
Quarterly Revenue & EPS
2021-09-30: EPS 0.29 2021-12-31: EPS -0.24 2022-03-31: EPS 0.33 2022-06-30: EPS 0.30 2022-09-30: EPS 0.34 2022-12-31: EPS 0.27 2023-03-31: EPS 0.44 2023-06-30: EPS 0.55 2023-09-30: EPS 0.58 2023-12-31: EPS 0.56 2024-03-31: EPS 0.46 2024-06-30: EPS 0.62 2024-09-30: EPS 0.63 2024-12-31: EPS 0.31 2025-03-31: EPS 0.35 2025-06-30: EPS 0.19 2025-09-30: EPS 0.37 2025-12-31: EPS 0.38 2026-03-31: EPS 0.48 2026-06-30: EPS 0.68 0M 313M 627M $M -0.26 0.24 0.75 201720182019202020212022202320242025202606/26 Revenue EPS

Quarterly figures, revenue up to 10 years back; EPS split-adjusted, early quarters hidden when not calibrable

P/E (TTM) over time
4Y median 54 30 65 100 20222023202420252026

P/E = close around day 47 after quarter-end ÷ TTM EPS then; this is a consistent valuation date, not the company’s actual filing date; loss quarters hidden

Quarterly free cash flow
-26M2M31M 20162017201820192020202120222023202420252026
Latest quarter $25M (2023-09-30)

FCF = operating cash flow − capex, computed from SEC XBRL; banks/insurers have no standard cash-flow structure and are hidden

As of 2026-06-30 · SEC filings (XBRL)

Email me the next update

2026 Q3 holdings are due 2026-11-16. We will email you when the refreshed lists are live.