SEC 13F Intelligence

Managers / Q1 2026

AIP, LLC

CIK 0001714498 · 450 LEXINGTON AVENUE, 40TH FLOOR, NEW YORK, NY, 10017 · (212) 627-2360

Reported Value
$268M
Q1 2026
Positions
3
Filings on Record
30
2019–present window
Filed
May 14, 2026
original filing

Summary

Aip, LLC reported $268M in U.S.-listed holdings across 3 positions for Q1 2026.

The portfolio is heavily concentrated: VVX alone accounts for 63.1% of reported value.

Portfolio Metrics

Turnover
+11.3%
vs prior filed quarter
Largest Position
+63.1%
V2x

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $254MQ4 ’18Q1 ’19: $370MQ2 ’19: $487MQ3 ’19: $386MQ4 ’19: $413MQ4 ’19Q1 ’20: $141MQ2 ’20: $206MQ3 ’20: $266MQ4 ’20: $298MQ4 ’20Q1 ’21: $647MQ2 ’21: $432MQ3 ’21: $473MQ4 ’21: $390MQ4 ’21Q1 ’22: $369MQ2 ’22: $300MQ3 ’22: $975MQ4 ’22: $1.1BQ4 ’22Q1 ’23: $1.1BQ2 ’23: $1.3BQ3 ’23: $1.4BQ4 ’23: $1.4BQ4 ’23Q1 ’24: $1.1BQ2 ’24: $1.0BQ3 ’24: $1.0BQ4 ’24: $759MQ4 ’24Q1 ’25: $795MQ2 ’25: $713MQ3 ’25: $582MQ4 ’25: $369MQ4 ’25Q1 ’26: $268Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 100.0%
  • Common Stock · 100.0% · $268M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
RYAMRAYONIER ADVANCED MATLS INCADDED+3.14M3.40M+$36M$38M
VVXV2X INCTRIMMED2.55M2.47M$104M$169M
TWITITAN INTL INC ILLTRIMMED3.04M8.88M$32M$61M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2026

3 positions
#IssuerClass% PortfolioValueShares
1VVXV2X INChistory →COM63.10%$169M2.47M
2TWITITAN INTL INC ILLhistory →COM22.87%$61M8.88M
3RYAMRAYONIER ADVANCED MATLS INChistory →COM14.03%$38M3.40M

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$268M3May 14, 202613F-HRchanges · EDGAR ↗
Q4 2025$369M3Feb 13, 202613F-HRchanges · EDGAR ↗
Q3 2025$582M2Nov 12, 202513F-HRchanges · EDGAR ↗
Q2 2025$713M2Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$795M2May 13, 202513F-HRchanges · EDGAR ↗
Q4 2024$759M2Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$1.0B3Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$1.0B5Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$1.1B5May 14, 202413F-HRchanges · EDGAR ↗
Q4 2023$1.4B2Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$1.4B2Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$1.3B2Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$1.1B2May 3, 202313F-HRchanges · EDGAR ↗
Q4 2022$1.1B2Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$975M2Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$300M1Aug 9, 202213F-HRchanges · EDGAR ↗
Q1 2022$369M1May 4, 202213F-HRchanges · EDGAR ↗
Q4 2021$390M1Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$473M1Nov 10, 202113F-HRchanges · EDGAR ↗
Q2 2021$432M1Aug 13, 202113F-HRchanges · EDGAR ↗
Q1 2021$647M1May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$298M1Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$266M1Nov 9, 202013F-HRchanges · EDGAR ↗
Q2 2020$206M1Aug 5, 202013F-HRchanges · EDGAR ↗
Q1 2020$141M1May 11, 202013F-HRchanges · EDGAR ↗
Q4 2019$413M1Feb 11, 202013F-HRchanges · EDGAR ↗
Q3 2019$386M1Nov 7, 201913F-HRchanges · EDGAR ↗
Q2 2019$487M1Aug 15, 201913F-HRchanges · EDGAR ↗
Q1 2019$370M1May 16, 201913F-HRchanges · EDGAR ↗
Q4 2018$254M1Feb 12, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.