Cannell & Spears Trims Stake in Air Lease Corporation

Investment firm reduces its holdings in the aircraft leasing company by over 40%

Mar. 15, 2026 at 10:36am

Got story updates? Submit your updates here. ›

Cannell & Spears LLC, an investment management firm, has trimmed its holdings in Air Lease Corporation (NYSE: AL) by 42.1% during the third quarter, according to a recent 13F filing with the Securities and Exchange Commission (SEC). The firm now owns 211,300 shares of the transportation company's stock, valued at approximately $13.45 million.

Why it matters

Air Lease is a leading aircraft leasing company that acquires commercial jets and leases them to airlines worldwide. The reduction in Cannell & Spears' stake in the company could signal a shift in the firm's investment strategy or a broader market trend regarding the aircraft leasing industry.

The details

According to the 13F filing, Cannell & Spears sold 153,618 shares of Air Lease during the third quarter, reducing its total holdings in the company by 42.1%. The firm now owns approximately 0.19% of Air Lease's outstanding shares.

  • Cannell & Spears filed the 13F report for the third quarter of the year.

The players

Cannell & Spears LLC

An investment management firm that has reduced its stake in Air Lease Corporation.

Air Lease Corporation

A leading aircraft leasing company that acquires commercial jets and leases them to airlines worldwide.

Got photos? Submit your photos here. ›

The takeaway

The reduction in Cannell & Spears' stake in Air Lease Corporation could be a sign of broader market trends or a shift in the investment firm's strategy, though the reasons behind the move are not entirely clear from the available information.