ALCOA CORP AA
COM · Common Stock · CUSIP 013872106 · ISIN US0138721065
Producer of aluminum
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($5.9m this quarter). Holder counts are more reliable. Shares outstanding: 178.4m as of 2023-04-28, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $42.54. Options: 35 managers hold calls ($422.6m notional), 36 hold puts ($636.6m).
Trends to Q1 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 504 |
| Q4 2022 | 500 |
| Q1 2023 | 515 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 206 | 269 |
| Q1 2023 | 257 | 225 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $466.6m | $577.0m | 1.24 |
| Q4 2022 | $611.4m | $780.6m | 1.28 |
| Q1 2023 | $422.6m | $636.6m | 1.51 |
Biggest buyers
| Bank of New York Mellon Corp | Added | +4.3m |
| Ruffer LLP | New | +2.0m |
| MORGAN STANLEY | Added | +1.1m |
| PointState Capital LP | Added | +1.0m |
| Atalan Capital Partners, LP | New | +830.0k |
| BANK OF AMERICA CORP /DE/ | Added | +811.5k |
| MENORA MIVTACHIM HOLDINGS LTD. | Added | +780.9k |
| HSBC HOLDINGS PLC | Added | +694.1k |
| JANE STREET GROUP, LLC | Added | +605.0k |
| VICTORY CAPITAL MANAGEMENT INC | Added | +574.1k |
Biggest sellers
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | Reduced | -2.7m |
| NEUBERGER BERMAN GROUP LLC | Reduced | -1.8m |
| FMR LLC | Reduced | -1.1m |
| NORGES BANK | Reduced | -877.9k |
| Amundi | Reduced | -812.8k |
| Pacer Advisors, Inc. | Reduced | -800.5k |
| Balyasny Asset Management L.P. | Reduced | -777.7k |
| FIRST TRUST ADVISORS LP | Reduced | -734.7k |
| Clearbridge Investments, LLC | Sold out | -571.1k |
| Grantham, Mayo, Van Otterloo & Co. LLC | Reduced | -522.1k |
Biggest calls
| CITADEL ADVISORS LLC | Reduced | $67.1m1.6m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $53.7m1.3m shares |
| MASTERS CAPITAL MANAGEMENT LLC | Unchanged | $42.6m1.0m shares |
| JANE STREET GROUP, LLC | Reduced | $30.9m725.7k shares |
| Twin Tree Management, LP | Added | $26.2m616.2k shares |
| BARCLAYS PLC | Added | $26.0m611.1k shares |
| Parallax Volatility Advisers, L.P. | Reduced | $25.9m609.4k shares |
| SIMPLEX TRADING, LLC | Added | $22.2m522.4k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $19.8m466.4k shares |
| D. E. Shaw & Co., Inc. | Added | $18.8m442.6k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $122.6m2.9m shares |
| CITADEL ADVISORS LLC | Reduced | $94.2m2.2m shares |
| JANE STREET GROUP, LLC | Added | $72.9m1.7m shares |
| BARCLAYS PLC | Added | $66.3m1.6m shares |
| D. E. Shaw & Co., Inc. | Reduced | $49.5m1.2m shares |
| SIMPLEX TRADING, LLC | Added | $30.4m714.6k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $28.8m676.8k shares |
| Twin Tree Management, LP | Reduced | $26.3m618.1k shares |
| IMC-Chicago, LLC | Added | $19.9m468.5k shares |
| Parallax Volatility Advisers, L.P. | Reduced | $18.5m433.7k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution filed 2025-04-17 | 9.0% |
| FMR LLC 13G · institution new · filed 2026-08-06 | 6.4% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.5% |
Fell to 5% or below in the last year: EAGLE CAPITAL MANAGEMENT LLC (4.5%, 2026-08-14), VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD CAPITAL MANAGEMENT LLC), Allan Gray Australia Pty Ltd (4.7%, 2026-02-17)
Insider purchases and sales in Q1 2023
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q2 2021 | 0 | — | 0 | — | — |
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 1 | $8.1m | — |
| Q1 2022 | 0 | — | 7 | $23.3m | — |
| Q2 2022 | 0 | — | 0 | — | — |
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 0 | — | 6 | $12.4m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-02-08 | Harvey Roy Christopher President, CEO & Director, director | Sold | $1.5m30.0k shares |
| 2023-02-01 | Bacchi Renato EVP & CSIO | Sold | $535.0k10.0k shares |
| 2023-01-31 | Elam Harden Sonya EVP & Chief Ext. Aff. Officer | Sold | $234.1k4.5k shares |
| 2023-01-30 | Oplinger William F EVP & CFO | Sold | $120 shares |
| 2023-01-27 | Oplinger William F EVP & CFO | Sold | $7.1m134.4k shares |
| 2023-01-27 | Heeter Jeffrey D. EVP & Gen. Counsel | Sold | $2.1m40.1k shares |
| 2023-01-25 | Heeter Jeffrey D. EVP & Gen. Counsel | Sold | $865.9k16.7k shares |
| 2023-01-25 | Jones Tammi A EVP & CHRO | Sold | $57.1k1.1k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q1 2023
| Manager | Shares | Change |
|---|---|---|
| BlackRock Inc. 0.03% of their portfolio | 22.0m $936.4m | Reduced -265.7k |
| VANGUARD GROUP INC 0.02% of their portfolio | 18.1m $769.5m | Added +407.5k |
| Bank of New York Mellon Corp 0.10% of their portfolio | 10.3m $438.3m | Added +4.3m |
| STATE STREET CORP 0.02% of their portfolio | 8.3m $352.1m | Added +271.4k |
| FRANKLIN RESOURCES INC 0.09% of their portfolio | 4.4m $188.0m | Added +455.8k |
| Theleme Partners LLP 7.77% of their portfolio | 4.2m $180.7m | Added +185.0k |
| MORGAN STANLEY 0.02% of their portfolio | 4.0m $172.1m | Added +1.1m |
| FMR LLC 0.01% of their portfolio | 3.8m $162.4m | Reduced -1.1m |
| DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio | 3.6m $151.8m | Added +225.7k |
| JPMORGAN CHASE & CO 0.02% of their portfolio | 3.0m $126.6m | Reduced -237.2k |
| Invesco Ltd. 0.03% of their portfolio | 2.9m $123.0m | Added +263.8k |
| Fisher Asset Management, LLC 0.07% of their portfolio | 2.8m $121.2m | Reduced -235.7k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 2.7m $114.3m | Added +811.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 2.5m $107.3m | Added +29.0k |
| Ruffer LLP 2.94% of their portfolio | 2.0m $84.9m | New |
| NORGES BANK 0.02% of their portfolio | 2.0m $83.0m | Reduced -877.9k |
| MENORA MIVTACHIM HOLDINGS LTD. 0.86% of their portfolio | 1.9m $82.8m | Added +780.9k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.14% of their portfolio | 1.9m $82.0m | Reduced -2.7m |
| PointState Capital LP 4.50% of their portfolio | 1.9m $80.3m | Added +1.0m |
| NORTHERN TRUST CORP 0.02% of their portfolio | 1.9m $80.2m | Reduced -40.9k |
| Amundi 0.04% of their portfolio | 1.7m $69.0m | Reduced -812.8k |
| Nuveen Asset Management, LLC 0.03% of their portfolio | 1.6m $67.3m | Reduced -190.4k |
| RENAISSANCE TECHNOLOGIES LLC 0.08% of their portfolio | 1.4m $60.9m | Reduced -439.4k |
| MACKENZIE FINANCIAL CORP 0.09% of their portfolio | 1.4m $57.7m | Reduced -19.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 1.1m $48.6m | Added +15.6k |
| BARCLAYS PLC 0.05% of their portfolio | 1.1m $48.5m | Added +403.4k |
| LORD, ABBETT & CO. LLC 0.09% of their portfolio | 1.1m $47.4m | Reduced -82.8k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.22% of their portfolio | 1.0m $43.4m | Reduced -522.1k |
| VICTORY CAPITAL MANAGEMENT INC 0.04% of their portfolio | 873.5k $37.2m | Added +574.1k |
| PRINCIPAL FINANCIAL GROUP INC 0.03% of their portfolio | 840.1k $35.8m | Added +8.0k |
| Atalan Capital Partners, LP 2.97% of their portfolio | 830.0k $35.3m | New |
| Legal & General Group Plc 0.01% of their portfolio | 795.4k $33.9m | Reduced -49.9k |
| Mirae Asset Global Investments Co., Ltd. 0.08% of their portfolio | 788.5k $33.6m | Added +24.0k |
| HSBC HOLDINGS PLC 0.04% of their portfolio | 774.3k $32.8m | Added +694.1k |
| Swiss National Bank 0.02% of their portfolio | 700.4k $29.8m | Reduced -30.9k |
| JANE STREET GROUP, LLC 0.05% of their portfolio | 686.9k $29.2m | Added +605.0k |
| MACQUARIE GROUP LTD 0.03% of their portfolio | 685.1k $29.2m | Reduced -46.3k |
| Hosking Partners LLP 1.20% of their portfolio | 606.8k $25.8m | Reduced -119.4k |
| FIRST TRUST ADVISORS LP 0.03% of their portfolio | 605.4k $25.8m | Reduced -734.7k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 565.8k $24.1m | Added +346.7k |
| RHUMBLINE ADVISERS 0.03% of their portfolio | 534.2k $22.7m | Reduced -14.7k |
| VOYA INVESTMENT MANAGEMENT LLC 0.02% of their portfolio | 533.8k $22.7m | Reduced -108.6k |
| TWO SIGMA ADVISERS, LP 0.06% of their portfolio | 523.5k $22.3m | Reduced -455.8k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 500.3k $21.3m | Reduced -35.6k |
| Douglas Lane & Associates, LLC 0.35% of their portfolio | 494.9k $21.1m | Added +141.5k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 477.4k $20.3m | Reduced -442.3k |
| TWO SIGMA INVESTMENTS, LP 0.06% of their portfolio | 463.6k $19.7m | Reduced -455.9k |
| Sumitomo Mitsui Trust Group, Inc. 0.01% of their portfolio | 454.9k $19.4m | Reduced -10.5k |
| SCOUT INVESTMENTS, INC. 0.37% of their portfolio | 432.1k $18.4m | Reduced -36.6k |
| CREDIT SUISSE AG/ 0.02% of their portfolio | 423.4k $18.0m | Reduced -71.1k |
| Capital Research Global Investors 0.00% of their portfolio | 374.7k $15.9m | Added +24.7k |
| BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio | 367.2k $15.6m | Added +184.0k |
| PANAGORA ASSET MANAGEMENT INC 0.10% of their portfolio | 365.8k $15.6m | Added +275.0k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 363.6k $15.5m | Added +12.2k |
| California Public Employees Retirement System 0.01% of their portfolio | 329.9k $14.0m | Reduced -74.1k |
| CITIGROUP INC 0.02% of their portfolio | 322.6k $13.7m | Reduced -126.3k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 295.2k $12.6m | Reduced -5.5k |
| Ninety One UK Ltd 0.04% of their portfolio | 293.1k $12.5m | Added +2.6k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 290.8k $12.4m | Reduced -6.3k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio | 284.0k $12.1m | Reduced -10.5k |
| Retirement Systems of Alabama 0.05% of their portfolio | 280.2k $11.9m | Reduced -2.0k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 279.7k $11.9m | Reduced -8.8k |
| Swedbank AB 0.02% of their portfolio | 274.4k $11.7m | Reduced -772 |
| STOREBRAND ASSET MANAGEMENT AS 0.06% of their portfolio | 274.3k $11.7m | Reduced -93.0k |
| AMERICAN INTERNATIONAL GROUP, INC. 0.08% of their portfolio | 273.1k $11.6m | Reduced -2.5k |
| Squarepoint Ops LLC 0.07% of their portfolio | 249.4k $10.6m | Added +77.8k |
| KBC Group NV 0.04% of their portfolio | 241.1k $10.3m | Added +71.3k |
| MARSHALL WACE, LLP 0.02% of their portfolio | 230.5k $9.8m | New |
| Point72 Asset Management, L.P. 0.03% of their portfolio | 226.2k $9.6m | New |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 221.6k $9.4m | Reduced -250.9k |
| MBB PUBLIC MARKETS I LLC 0.52% of their portfolio | 212.4k $9.0m | New |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 211.4k $9.0m | Added +148.9k |
| Regal Partners Ltd 1.71% of their portfolio | 205.6k $8.8m | Added +179.9k |
| Wesleyan Assurance Society 0.99% of their portfolio | 201.6k $8.6m | Unchanged |
| Twin Tree Management, LP 0.24% of their portfolio | 201.5k $8.6m | New |
| MASTERS CAPITAL MANAGEMENT LLC 2.03% of their portfolio | 200.0k $8.5m | Added +100.0k |
| UBS Group AG 0.00% of their portfolio | 199.2k $8.5m | Reduced -176.9k |
| ARGA Investment Management, LP 0.32% of their portfolio | 198.9k $8.5m | Added +557 |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 194.2k $8.3m | Reduced -133.3k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 192.6k $8.2m | Added +182.6k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio | 188.8k $8.0m | Added +98.7k |
| Mountaineer Partners Management, LLC 5.81% of their portfolio | 188.0k $8.0m | New |
| HighTower Advisors, LLC 0.02% of their portfolio | 185.4k $8.0m | Added +2.4k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.02% of their portfolio | 185.4k $7.9m | Unchanged |
| Handelsbanken Fonder AB 0.04% of their portfolio | 176.8k $7.5m | Added +164.0k |
| CAPITAL FUND MANAGEMENT S.A. 0.15% of their portfolio | 174.9k $7.4m | New |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 174.8k $7.4m | Reduced -54.2k |
| Itau Unibanco Holding S.A. 0.36% of their portfolio | 168.9k $7.2m | Reduced -268.4k |
| OCCUDO QUANTITATIVE STRATEGIES LP 0.65% of their portfolio | 168.1k $7.2m | New |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 161.2k $6.9m | Added +11.3k |
| TEXAS PERMANENT SCHOOL FUND CORP 0.07% of their portfolio | 158.7k $6.8m | Added +39.8k |
| CANADA LIFE ASSURANCE Co 0.02% of their portfolio | 155.5k $6.6m | Added +6.9k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 155.1k $6.6m | Reduced -100 |
| MOORE CAPITAL MANAGEMENT, LP 0.20% of their portfolio | 152.8k $6.5m | New |
| West Tower Group, LLC 6.31% of their portfolio | 150.2k $6.4m | New |
| Greenland Capital Management LP 0.75% of their portfolio | 147.8k $6.3m | New |
| Pinnacle Financial Partners Inc 0.17% of their portfolio | 146.0k $6.2m | Added +67.8k |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.07% of their portfolio | 142.5k $6.1m | Reduced -3.0k |
| LPL Financial LLC 0.00% of their portfolio | 137.9k $5.9m | Added +34.7k |
| Parallax Volatility Advisers, L.P. 0.20% of their portfolio | 133.0k $5.7m | Added +23.8k |