Aaon Inc (AAON) Quarterly Institutional 13F Update (Q2 2026)

AAON ranks #1251 out of 37501 tracked stocks by institutional interest — one of the most closely watched names in our coverage.

AAON is a top-conviction position for Spyglass Capital Management LLC — at 5.3% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.

The largest dollar stake in AAON belongs to BlackRock, Inc., but the position matters far more to Spyglass Capital Management LLC, who has 5.3% of their own portfolio riding on it — a reminder that the biggest holder by size and the holder with the biggest bet aren't always the same fund.

BlackRock has added to its AAON position for two straight quarters, increasing it by $360.5M to reach $848.2M today.

JPMorgan has trimmed its AAON position for two straight quarters, cutting it by $16.1M while still holding $49.7M.

AAON is down 1% today, but institutions show net buying of $831.2M this quarter — a divergence between today's price move and the underlying institutional flow.

AAON closed its latest fiscal year with net income of $107.6M, and currently trades at a P/E of 57.6.

• Profitable — net income of $107.6M in the latest fiscal year
• Revenue grew 20.1% year over year
• Net income declined year over year, from $168.6M to $107.6M
• Generated $534.0K in positive operating cash flow
• Current ratio of 2.63x — enough short-term assets to cover short-term liabilities
• Liabilities run 1.88x equity — within a conventional range