Advance Auto Parts Inc (AAP) Quarterly Institutional 13F Update (Q2 2026)

AAP ranks #1601 out of 37501 tracked stocks by institutional interest — one of the most closely watched names in our coverage.

AAP is a top-conviction position for H Partners Management, LLC — at 45.5% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.

The largest dollar stake in AAP belongs to BlackRock, Inc., but the position matters far more to H Partners Management, LLC, who has 45.5% 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 AAP position for two straight quarters, increasing it by $231.3M to reach $581.9M today.

Fidelity has trimmed its AAP position for two straight quarters, cutting it by $75.6M while still holding $859.9K.

AAP is up 0.1% today, and institutions have been net buyers of $550.2M this quarter — today's price move and the underlying institutional flow are pointing the same direction.

AAP posted net income of $84.0M over the trailing twelve months, and currently trades at a P/E of 30.9.

• Profitable — net income of $84.0M over the trailing twelve months
• Revenue declined 1.3% year over year
• Net income improved year over year, from -$382.0M to $84.0M
• Operating cash flow was negative, using $46.0M in cash
• Current ratio of 1.75x — enough short-term assets to cover short-term liabilities
• Liabilities run 4.38x equity — a highly leveraged balance sheet worth noting