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 ($13.6m this quarter). Holder counts are more reliable. Shares outstanding: 178.4m as of 2023-07-24, 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 ≈ $33.92. Options: 35 managers hold calls ($314.9m notional), 36 hold puts ($510.6m).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 504 |
| Q4 2022 | 500 |
| Q1 2023 | 515 |
| Q2 2023 | 450 |
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 |
| Q2 2023 | 192 | 276 |
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 |
| Q2 2023 | $314.9m | $510.6m | 1.62 |
Biggest buyers
| MILLENNIUM MANAGEMENT LLC | Added | +2.9m |
| TWO SIGMA INVESTMENTS, LP | Added | +2.7m |
| MENORA MIVTACHIM HOLDINGS LTD. | Added | +867.0k |
| TWO SIGMA ADVISERS, LP | Added | +819.2k |
| CITADEL ADVISORS LLC | Added | +721.4k |
| MORGAN STANLEY | Added | +712.7k |
| JANE STREET GROUP, LLC | Added | +615.2k |
| MASTERS CAPITAL MANAGEMENT LLC | Added | +550.0k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | +546.8k |
| AVIVA PLC | Added | +508.9k |
Biggest sellers
| FMR LLC | Reduced | -2.9m |
| Bank of New York Mellon Corp | Reduced | -2.8m |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | Reduced | -1.8m |
| Ruffer LLP | Reduced | -1.7m |
| BANK OF AMERICA CORP /DE/ | Reduced | -1.4m |
| FRANKLIN RESOURCES INC | Reduced | -1.1m |
| JPMORGAN CHASE & CO | Reduced | -850.4k |
| Atalan Capital Partners, LP | Reduced | -800.0k |
| MACKENZIE FINANCIAL CORP | Reduced | -760.4k |
| BlackRock Inc. | Reduced | -749.4k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $46.1m1.4m shares |
| CITADEL ADVISORS LLC | Reduced | $43.0m1.3m shares |
| GOLDMAN SACHS GROUP INC | Added | $36.6m1.1m shares |
| MASTERS CAPITAL MANAGEMENT LLC | Unchanged | $33.9m1.0m shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $27.6m812.3k shares |
| JANE STREET GROUP, LLC | Reduced | $19.6m576.5k shares |
| SIMPLEX TRADING, LLC | Reduced | $12.1m355.8k shares |
| Walleye Trading LLC | Reduced | $11.2m330.9k shares |
| Cubist Systematic Strategies, LLC | Added | $10.0m293.6k shares |
| Squarepoint Ops LLC | Added | $9.9m292.0k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $112.4m3.3m shares |
| CITADEL ADVISORS LLC | Added | $82.3m2.4m shares |
| D. E. Shaw & Co., Inc. | Added | $42.8m1.3m shares |
| JANE STREET GROUP, LLC | Reduced | $39.0m1.2m shares |
| SIMPLEX TRADING, LLC | Added | $28.0m826.7k shares |
| Walleye Trading LLC | Added | $26.2m773.6k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $24.7m727.6k shares |
| Twin Tree Management, LP | Added | $23.2m685.0k shares |
| Squarepoint Ops LLC | Added | $20.1m591.8k shares |
| GOLDMAN SACHS GROUP INC | Added | $14.3m421.0k 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 Q2 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 |
|---|---|---|---|---|---|
| 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 | — |
| Q2 2023 | 0 | — | 0 | — | — |
None reported in Q2 2023.
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| BlackRock Inc. 0.02% of their portfolio | 21.3m $721.1m | Reduced -749.4k |
| VANGUARD GROUP INC 0.01% of their portfolio | 18.0m $609.1m | Reduced -130.1k |
| STATE STREET CORP 0.01% of their portfolio | 8.2m $277.7m | Reduced -88.5k |
| Bank of New York Mellon Corp 0.05% of their portfolio | 7.5m $255.7m | Reduced -2.8m |
| MORGAN STANLEY 0.02% of their portfolio | 4.8m $161.4m | Added +712.7k |
| Theleme Partners LLP 6.52% of their portfolio | 4.2m $144.1m | Unchanged |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 3.5m $117.9m | Reduced -92.5k |
| FRANKLIN RESOURCES INC 0.05% of their portfolio | 3.3m $112.6m | Reduced -1.1m |
| MILLENNIUM MANAGEMENT LLC 0.11% of their portfolio | 3.2m $107.3m | Added +2.9m |
| TWO SIGMA INVESTMENTS, LP 0.28% of their portfolio | 3.1m $105.7m | Added +2.7m |
| Invesco Ltd. 0.03% of their portfolio | 3.0m $101.6m | Added +103.4k |
| Fisher Asset Management, LLC 0.05% of their portfolio | 2.9m $96.8m | Added +6.0k |
| MENORA MIVTACHIM HOLDINGS LTD. 0.88% of their portfolio | 2.8m $95.5m | Added +867.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 2.7m $89.8m | Added +125.5k |
| PointState Capital LP 2.88% of their portfolio | 2.2m $75.6m | Added +343.3k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 2.1m $72.1m | Reduced -850.4k |
| NORGES BANK 0.01% of their portfolio | 2.1m $70.1m | Added +114.7k |
| Amundi 0.03% of their portfolio | 1.7m $57.6m | Reduced -69.8k |
| Nuveen Asset Management, LLC 0.02% of their portfolio | 1.6m $53.9m | Added +8.2k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 1.4m $49.0m | Reduced -439.6k |
| RENAISSANCE TECHNOLOGIES LLC 0.07% of their portfolio | 1.4m $47.3m | Reduced -37.8k |
| TWO SIGMA ADVISERS, LP 0.12% of their portfolio | 1.3m $45.6m | Added +819.2k |
| JANE STREET GROUP, LLC 0.06% of their portfolio | 1.3m $44.2m | Added +615.2k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 1.3m $44.2m | Reduced -1.4m |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.20% of their portfolio | 1.2m $42.3m | Added +225.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 1.2m $40.0m | Added +37.0k |
| BARCLAYS PLC 0.02% of their portfolio | 1.1m $37.9m | Reduced -21.9k |
| LORD, ABBETT & CO. LLC 0.06% of their portfolio | 1.1m $37.5m | Reduced -7.9k |
| VICTORY CAPITAL MANAGEMENT INC 0.04% of their portfolio | 939.6k $31.9m | Added +66.1k |
| FMR LLC 0.00% of their portfolio | 928.0k $31.5m | Reduced -2.9m |
| CITADEL ADVISORS LLC 0.03% of their portfolio | 914.0k $31.0m | Added +721.4k |
| Mirae Asset Global Investments Co., Ltd. 0.06% of their portfolio | 858.2k $29.1m | Added +69.8k |
| VOYA INVESTMENT MANAGEMENT LLC 0.03% of their portfolio | 812.3k $27.6m | Added +278.4k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 809.4k $27.5m | Reduced -30.6k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.04% of their portfolio | 768.4k $26.1m | Added +546.8k |
| MASTERS CAPITAL MANAGEMENT LLC 5.16% of their portfolio | 750.0k $25.4m | Added +550.0k |
| Douglas Lane & Associates, LLC 0.40% of their portfolio | 726.0k $24.6m | Added +231.1k |
| Squarepoint Ops LLC 0.13% of their portfolio | 715.0k $24.3m | Added +465.6k |
| MACQUARIE GROUP LTD 0.03% of their portfolio | 672.5k $22.8m | Reduced -12.6k |
| Legal & General Group Plc 0.01% of their portfolio | 671.7k $22.8m | Reduced -123.7k |
| Hosking Partners LLP 0.93% of their portfolio | 650.0k $22.1m | Added +43.2k |
| Swiss National Bank 0.01% of their portfolio | 642.7k $21.8m | Reduced -57.7k |
| Capital Research Global Investors 0.01% of their portfolio | 624.7k $21.2m | Added +250.0k |
| MACKENZIE FINANCIAL CORP 0.03% of their portfolio | 594.8k $20.4m | Reduced -760.4k |
| AVIVA PLC 0.08% of their portfolio | 550.1k $18.7m | Added +508.9k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 548.4k $18.6m | Added +14.1k |
| BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio | 514.3k $17.5m | Added +147.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 500.3k $21.3m | Unchanged |
| CREDIT SUISSE AG/ 0.02% of their portfolio | 465.0k $15.8m | Added +41.7k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 417.2k $14.2m | Reduced -60.2k |
| UBS Group AG 0.01% of their portfolio | 414.8k $14.1m | Added +215.6k |
| Itau Unibanco Holding S.A. 0.63% of their portfolio | 398.0k $13.5m | Added +229.1k |
| Sumitomo Mitsui Trust Group, Inc. 0.01% of their portfolio | 375.8k $12.8m | Reduced -79.1k |
| Connor, Clark & Lunn Investment Management Ltd. 0.06% of their portfolio | 358.5k $12.2m | Added +337.9k |
| Ninety One UK Ltd 0.04% of their portfolio | 358.2k $12.2m | Added +65.1k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 336.5k $11.4m | Reduced -27.1k |
| Qube Research & Technologies Ltd 0.04% of their portfolio | 326.6k $11.1m | New |
| Walleye Trading LLC 0.55% of their portfolio | 311.6k $10.6m | Added +247.4k |
| Ruffer LLP 0.61% of their portfolio | 309.0k $10.5m | Reduced -1.7m |
| Holocene Advisors, LP 0.05% of their portfolio | 308.9k $10.5m | New |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 296.6k $10.1m | Added +1.5k |
| CITIGROUP INC 0.01% of their portfolio | 296.5k $10.1m | Reduced -26.2k |
| Thrivent Financial for Lutherans 0.02% of their portfolio | 285.5k $9.7m | Added +234.6k |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 282.7k $9.5m | Reduced -491.7k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 279.8k $9.5m | Reduced -4.2k |
| Retirement Systems of Alabama 0.04% of their portfolio | 278.9k $9.5m | Reduced -1.3k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 275.9k $9.4m | Reduced -14.9k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.03% of their portfolio | 274.9k $9.3m | Added +201.3k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 273.6k $9.3m | Reduced -6.0k |
| Jump Financial, LLC 0.34% of their portfolio | 273.0k $9.3m | Added +153.6k |
| STOREBRAND ASSET MANAGEMENT AS 0.04% of their portfolio | 272.0k $9.2m | Reduced -2.3k |
| AMERICAN INTERNATIONAL GROUP, INC. 0.06% of their portfolio | 269.1k $9.1m | Reduced -4.0k |
| Numerai GP LLC 1.86% of their portfolio | 268.7k $9.1m | New |
| MBB PUBLIC MARKETS I LLC 0.50% of their portfolio | 259.0k $8.8m | Added +46.6k |
| California Public Employees Retirement System 0.01% of their portfolio | 258.5k $8.8m | Reduced -71.4k |
| CLEAR STREET LLC 0.20% of their portfolio | 250.0k $8.5m | New |
| Cubist Systematic Strategies, LLC 0.09% of their portfolio | 246.1k $8.4m | Added +242.5k |
| Mountaineer Partners Management, LLC 4.39% of their portfolio | 234.3k $8.0m | Added +46.3k |
| COMERICA BANK 0.00% of their portfolio | 219.0k $5 | First filing |
| COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio | 212.5k $7.2m | Added +174.6k |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.12% of their portfolio | 202.5k $6.9m | New |
| Wesleyan Assurance Society 0.73% of their portfolio | 201.6k $6.8m | Unchanged |
| ARGA Investment Management, LP 0.24% of their portfolio | 201.1k $6.8m | Added +2.2k |
| Zenyatta Capital Management LP 4.32% of their portfolio | 200.0k $6.8m | Added +145.0k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 190.8k $6.5m | Added +120.0k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 189.2k $6.4m | Reduced -376.6k |
| SIMPLEX TRADING, LLC 0.27% of their portfolio | 185.7k $6.3m | New |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 179.0k $6.1m | Reduced -6.5k |
| Twin Tree Management, LP 0.12% of their portfolio | 174.1k $5.9m | Reduced -27.4k |
| Jessup Wealth Management, Inc 3.10% of their portfolio | 170.8k $5.8m | New |
| Rockefeller Capital Management L.P. 0.02% of their portfolio | 169.7k $5.8m | First filing |
| TUDOR INVESTMENT CORP ET AL 0.09% of their portfolio | 168.4k $5.7m | New |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 163.7k $5.6m | Added +2.5k |
| TEXAS PERMANENT SCHOOL FUND CORP 0.05% of their portfolio | 157.0k $5.3m | Reduced -1.7k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 154.3k $5.2m | Reduced -800 |
| Swedbank AB 0.01% of their portfolio | 151.0k $5.1m | Reduced -123.4k |
| Clear Sky Carbon Solutions Investment Management, LLC 1.55% of their portfolio | 142.5k $4.8m | Added +20.5k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 137.4k $4.7m | Added +37.2k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 136.3k $4.6m | Reduced -469.0k |
| Federation des caisses Desjardins du Quebec 0.05% of their portfolio | 136.1k $4.6m | Added +51.6k |