What smart money is saying about AerCap Holdings N.V.
3 funds in our archive have pitched AerCap Holdings N.V., most recently Baron Financials ETF in June 2026.
AerCap Holdings N.V., a company founded in 1995 and based in Dublin, Ireland, operates extensively in the global aviation industry. The firm specializes in the acquisition, leasing, funding, sale, and general management of commercial aircraft and engines. Its operations span crucial international markets, including China, Hong Kong, Macau, the United States, and Ireland, alongside its broader global activities. A core component of AerCap's business involves a comprehensive suite of aircraft asset management services. These services range from remarketing aircraft and engines to diligently collecting rental and maintenance fees, overseeing aircraft upkeep, and ensuring strict adherence to contractual terms. They manage the complete asset lifecycle, facilitating equipment handovers (delivery and redelivery), and conducting continuous financial evaluations of lessees. The company's expertise further extends to regular inspections of leased aircraft, coordinating technical upgrades to meet new client specifications, negotiating financial restructuring in instances of lease defaults, and repossessing assets when necessary. AerCap also handles insurance provisions, aircraft registration and de-registration processes, conducts asset valuations, and provides valuable market intelligence. Beyond physical asset administration, AerCap offers essential financial and administrative support. This encompasses treasury functions, including financing, refinancing, hedging strategies, and ongoing cash flow management for its operational entities. Additionally, it provides crucial administrative services like accounting and corporate secretarial support, which involves the preparation of budgets and financial statements. AerCap also plays a significant role in the aviation supply chain by providing airframe and engine components. It offers integrated supply chain solutions to a diverse client base, including airlines, maintenance, repair, and overhaul (MRO) service providers, and specialized aircraft parts distributors. By the end of 2021, AerCap Holdings N.V. boasted an impressive portfolio comprising 2,369 aircraft, which included assets that were directly owned, managed for other entities, or currently on order.
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Position history
Between Q4 2024 and Q3 2026, 9 fund letters reported a position in AerCap Holdings N.V., with 2 buys (opened or added) and 1 sell (trimmed or exited).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 3 | 0 | 0 | 0 |
| Q2 2026 | 2 | 2 | 0 | 1 |
| Q4 2025 | 3 | 0 | 0 | 1 |
| Q2 2025 | 1 | 0 | 1 | 0 |
| Q4 2024 | 0 | 0 | 0 | 1 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 9 positions · 3 moves
- September 2026
Listed in Middle Coast Investing Equity Portfolios’s reported holdings.
AerCap Holdings N.V. - September 2026
Listed in Platinium AM Platinum Asia Fund’s reported holdings.
AerCap Holdings N.V. - September 2026
“Portfolio Top 5 Holdings As of September 30, 2026, our five largest positions by market value, including cash, were Cash, NVDA, QCOM, GLW, AER.”
AerCap Holdings N.V. - New positionBaron Financials ETFJune 2026
“We initiated a position in AerCap Holdings N.V., the largest aircraft leasing company in the world.”
AerCap Holdings N.V. - New positionBaron Small Cap StrategyJune 2026
“Applied Aerospace & Defense, Inc. is a premier provider of mission-critical structures and components for the aerospace and defense industrial base. During its IPO, we were drawn to the company’s scarce, IP-rich franchise, with an 87% sole source and 89% proprietary portfolio.”
AerCap Holdings N.V. - December 2025
“AerCap Holdings (AER) – AER shares performed well this quarter, supported by solid earnings from recovering end markets and the use of insurance proceeds from Russia– Ukraine aircraft losses to fund share buybacks.”
AerCap Holdings N.V. - HoldsPlatinium Asset ManagementDecember 2025
Listed in Platinium Asset Management’s reported holdings.
AerCap Holdings N.V. - HoldsAppleseedNovember 2025
“Within the equity portion of the portfolio, the biggest contributors to the Fund’s performance over the past 12 months were Lumentum convertible bonds, Fannie Mae preferred equities, AerCap (AER), Cameco (CCJ), and physical gold trusts.”
AerCap Holdings N.V. - June 2025
“Top 3 Contributors to Relative Performance NewMarket Corporation (NEU) – NEU outperformed this quarter, fueled by strong AMPAC revenue growth from better volume and product mix, despite weaker Petroleum Additives results. The planned capacity expansion for the AMPAC business signals robust demand for rocket additives in a stable, oligopolistic market. Management prioritizes debt reduction and shareholder returns through dividends and buybacks. Armstrong World Industries, Inc. (AWI) – AWI shares outperformed in the quarter due to beating expectations, driven by increased volumes from recent acquisitions and an increase in pricing. We continue to like AWI for its consistent execution, strong financials, leading market share and persistent moats through its exclusivity agreements and warranties. AerCap Holdings (AER) – AER delivered strong performance this quarter, bolstered by solid Q1 2025 results and a favorable UK court ruling on $1B in insurance claims related to the Russia-Ukraine War. With the largest aircraft portfolio in a seller’s market, AerCap is well-positioned to grow book value per share through strategic asset sales and stock buybacks, capitalizing on robust market dynamics. Top 3 Detractors from Relative Performance Murphy USA, Inc. (MUSA) – MUSA was a bottom performer after reporting softer market share gains in Q1 due to lower retail fuel prices. With that said, the long-term components of our thesis remain intact: structurally higher industry fuel margins, everyday low price driving profitable market share gains, and value-creating capital allocation. Saia, Inc. (SAIA) – SAIA remained weak this quarter as the lingering “freight recession” drags on for almost its third year. We remain convicted in our ownership of SAIA due to its solid balance sheet and strong network growth plan. We believe the company could be a multi-year compounder, assuming the freight industry returns to normal demand patterns. White Mountains Insurance Group Ltd (WTM) – WTM was a bottom name after facing industry headwinds. For U.S. P&C insurers, performance was mundane in 2Q, whereas the rest of the market had a rebound. We remain confident in the company’s ability to deliver outsized growth in book value per share over time through prudent capital allocation. SMID Cap TT PC SMID 20250630 Portfolio Commentary Past performance should not be taken as a guarantee of future results. Q2 | 2025 SMID Cap Sector Influence We are bottom-up stock pickers, but sector exposures influenced relative performance as follows: ● What Helped: Underweight in both Energy and Real Estate (weaker performing sectors) ● What Hurt: Overweight in Consumer Staples and Materials (weaker performing sectors) Trades During the Quarter ● Exited: Cannae Holdings, Inc. (CNNE) - Underperformed in recent years and was only 1% of the portfolio. Our initial thesis centered on Bill Foley's ability to create value and the most valuable asset of CNNE was Dun & Bradstreet. That investment has not worked out and CNNE shares have lagged the broader market. We elected to sell the remaining position. ● Reduced: AerCap Holdings (AER) - We trimmed AER on strength.”
AerCap Holdings N.V.
Fund coverage · 3 theses
- Baron Financials ETFJune 2026
AerCap is the leading aircraft lessor with predictable cash flows, secular demand tailwinds, cheap valuation, and double-digit compounding potential.
Read the full thesis - Oakmark FundDecember 2025
AerCap Holdings is the largest aircraft lessor with scale-driven ROE advantages, capable management, and an attractive valuation versus understated book value.
Read the full thesis - AMG River Road Large Cap Value Select FundDecember 2024
AerCap Holdings N.V. is the leading global aviation leasing company, strategically positioned to benefit from a strong demand in air travel amidst supply chain challenges, while maintaining a solid financial foundation and effective capital allocation.
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