Omor Ibne Ehsan

Mon, Jun 23, 2025, 1:25 PM3 min read

Archer Aviation (ACHR) is a California-based developer of the Midnight electric vertical takeoff and landing (eVTOL) air taxi. The company is pre-revenue today but has amassed a $6 billion order backlog and is targeting first commercial flights in the United Arab Emirates later this year.

The first quarter was a pivotal period for the company as manufacturing has moved from prototypes to completing the buildout of its commercial plant in Georgia. Archer also beat Wall Street analyst estimates, posting a loss of $0.17 per share vs. expectations of a $0.28 loss per share. Even before this pivot, shares surged in late 2024. Management quickly took advantage of that by issuing shares, thereby increasing cash on hand to over $1.03 billion.

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In turn, this has led to the cash runway getting significantly longer. ACHR stock is now seen as much more investable to long-term investors. Let’s take a look at its five big investors and the moves they’ve made here.

Stellantis (STLA) is an automotive company that has been continuously investing in Archer Aviation since 2023. It has invested in the company multiple times since and has partnered up with Archer to help develop its flying cars.

Stellantis holds 64.5 million shares of ACHR, worth $458.6 million. This translates to an 11.89% ownership of the company.

Adam Goldstein is Archer Aviation’s CEO. He holds 39.36 million shares, valued at $279.84 million. He is also the founder and the chairman.

His holdings constitute about 7.26% of Archer Aviation.

BlackRock’s (BLK) holdings are largely related to underlying investment vehicles like its iShares-branded exchange-traded funds or separate institutional accounts.

In Q1, BlackRock held 36.6 million shares, with a market value of $260.35 million. BlackRock had the biggest single-quarter jump among the top five largest holders. Shares under its control grew by 59.11% to a 6.75% ownership.

Ark Investment Management currently holds 25.5 million shares of ACHR. This is Cathie Wood’s firm, so it’s a very active position, with her ETFs making daily disclosures of new buys and sells.