In the third quarter, the Maryland State Retirement & Pension System reduced its holding in American Eagle Outfitters by 50.0%, selling 23,171 shares and retaining 23,166 shares at quarter end. The remaining stake was valued at approximately $396,000 in the fund’s most recent 13F filing with the SEC, marking a significant pullback by one of the retailer’s long-time institutional investors.

Several hedge funds increased their exposure during the second quarter. Vaughan Nelson Investment Management expanded its position by 41.7%, adding 678,536 shares to reach a total of 2,307,326 shares valued at $22.2 million. XTX Topco boosted its stake 59.6% to 108,644 shares ($1.05 million), while Savant Capital grew its position 170.8% to 41,165 shares ($396,000). Caxton Associates more than tripled its holding—up 212.2%—to 230,312 shares ($2.22 million). Moody National Bank Trust Division also initiated a new position in the third quarter valued at roughly $895,000. Collectively, hedge funds and institutional investors now own 97.33% of the company’s shares.

Company insiders have sold 246,839 shares over the past three months, realizing proceeds of $6.0 million. Director Noel Joseph Spiegel disposed of 1,896 shares in late January, and executive Jennifer M. Foyle reduced her holdings by 55.9%, unloading 243,047 shares in early December. Following these transactions, insiders collectively own 8.70% of the outstanding stock, signaling continued internal profit-taking despite the firm’s recent earnings beat and dividend increase.