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 ($4.4m this quarter). Holder counts are more reliable. Shares outstanding: 179.6m as of 2024-04-29, 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 ≈ $33.83. Options: 37 managers hold calls ($464.8m notional), 33 hold puts ($624.1m).
Trends to Q1 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 504 |
| Q4 2022 | 500 |
| Q1 2023 | 515 |
| Q2 2023 | 450 |
| Q3 2023 | 416 |
| Q4 2023 | 457 |
| Q1 2024 | 441 |
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 |
| Q3 2023 | 187 | 233 |
| Q4 2023 | 217 | 196 |
| Q1 2024 | 205 | 204 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2023 | $314.9m | $510.6m | 1.62 |
| Q3 2023 | $350.2m | $604.9m | 1.73 |
| Q4 2023 | $653.8m | $777.4m | 1.19 |
| Q1 2024 | $464.8m | $624.1m | 1.34 |
Biggest buyers
| MORGAN STANLEY | Added | +10.6m |
| L1 Capital Pty Ltd | New | +2.2m |
| DIMENSIONAL FUND ADVISORS LP | Added | +2.0m |
| Balyasny Asset Management L.P. | Added | +1.8m |
| Slate Path Capital LP | Added | +1.5m |
| Encompass Capital Advisors LLC | Added | +1.3m |
| MENORA MIVTACHIM HOLDINGS LTD. | Added | +1.3m |
| CITADEL ADVISORS LLC | Added | +1.1m |
| ARGA Investment Management, LP | Added | +997.9k |
| FRONTIER CAPITAL MANAGEMENT CO LLC | Added | +666.7k |
Biggest sellers
| GQG Partners LLC | Sold out | -3.4m |
| JPMORGAN CHASE & CO | Reduced | -2.0m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -1.5m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | -1.4m |
| JANE STREET GROUP, LLC | Reduced | -1.1m |
| TWO SIGMA INVESTMENTS, LP | Reduced | -844.0k |
| RAYMOND JAMES & ASSOCIATES | Reduced | -756.1k |
| PEAK6 Investments LLC | Sold out | -703.1k |
| Jefferies Financial Group Inc. | Reduced | -678.8k |
| NOMURA HOLDINGS INC | Reduced | -669.6k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $78.4m2.3m shares |
| CITADEL ADVISORS LLC | Added | $76.1m2.3m shares |
| MASTERS CAPITAL MANAGEMENT LLC | Reduced | $33.8m1.0m shares |
| JPMORGAN CHASE & CO | Reduced | $23.7m700.0k shares |
| PEAK6 Investments LLC | Added | $22.4m661.5k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $20.5m606.6k shares |
| BANK OF AMERICA CORP /DE/ | Reduced | $19.0m561.3k shares |
| Parallax Volatility Advisers, L.P. | Reduced | $18.9m560.5k shares |
| SIMPLEX TRADING, LLC | Reduced | $18.4m545.8k shares |
| Twin Tree Management, LP | Added | $17.7m524.6k shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $95.1m2.8m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $88.8m2.6m shares |
| D. E. Shaw & Co., Inc. | Reduced | $58.9m1.7m shares |
| JPMORGAN CHASE & CO | Added | $54.7m1.6m shares |
| SIMPLEX TRADING, LLC | Added | $47.8m1.4m shares |
| Walleye Trading LLC | Added | $43.9m1.3m shares |
| JANE STREET GROUP, LLC | Reduced | $32.1m950.4k shares |
| IMC-Chicago, LLC | Reduced | $22.1m653.7k shares |
| PEAK6 Investments LLC | Added | $22.0m650.7k shares |
| GOLDMAN SACHS GROUP INC | Reduced | $22.0m650.0k 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 Q1 2024
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 2022 | 0 | — | 0 | — | — |
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 0 | — | 6 | $12.4m | — |
| Q2 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 1 | $858.8k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-03-13 | Jones Tammi A EVP & CHRO | Sold | $814.7k26.5k shares |
| 2024-03-13 | Jones Tammi A EVP & CHRO | Sold | $44.2k1.4k 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 2024
| Manager | Shares | Change |
|---|---|---|
| MORGAN STANLEY 0.03% of their portfolio | 27.9m $943.3m | Added +10.6m |
| BlackRock Inc. 0.02% of their portfolio | 22.3m $752.8m | Added +657.5k |
| VANGUARD GROUP INC 0.01% of their portfolio | 18.0m $607.9m | Added +31.6k |
| STATE STREET CORP 0.01% of their portfolio | 8.1m $273.0m | Reduced -267.5k |
| DIMENSIONAL FUND ADVISORS LP 0.06% of their portfolio | 6.3m $212.0m | Added +2.0m |
| Slate Path Capital LP 2.64% of their portfolio | 3.9m $133.2m | Added +1.5m |
| Bank of New York Mellon Corp 0.02% of their portfolio | 3.0m $100.6m | Added +22.8k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 2.9m $97.1m | Added +122.2k |
| TWO SIGMA ADVISERS, LP 0.22% of their portfolio | 2.8m $94.2m | Reduced -6.0k |
| TWO SIGMA INVESTMENTS, LP 0.23% of their portfolio | 2.8m $94.0m | Reduced -844.0k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 2.7m $92.9m | Reduced -2.0m |
| MENORA MIVTACHIM HOLDINGS LTD. 0.65% of their portfolio | 2.6m $86.6m | Added +1.3m |
| CITADEL ADVISORS LLC 0.07% of their portfolio | 2.3m $76.1m | Added +1.1m |
| L1 Capital Pty Ltd 6.03% of their portfolio | 2.2m $72.7m | New |
| Fisher Asset Management, LLC 0.03% of their portfolio | 2.2m $73.8m | Reduced -164.6k |
| Balyasny Asset Management L.P. 0.18% of their portfolio | 2.1m $71.7m | Added +1.8m |
| Encompass Capital Advisors LLC 3.83% of their portfolio | 2.1m $70.5m | Added +1.3m |
| Capital Research Global Investors 0.02% of their portfolio | 2.1m $69.9m | Added +475.0k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.25% of their portfolio | 2.1m $69.4m | Reduced -356.2k |
| NORGES BANK 0.01% of their portfolio | 1.8m $62.5m | Added +503.9k |
| PointState Capital LP 1.81% of their portfolio | 1.8m $60.2m | Reduced -352.4k |
| VOYA INVESTMENT MANAGEMENT LLC 0.05% of their portfolio | 1.6m $54.6m | Added +314.7k |
| ARGA Investment Management, LP 1.69% of their portfolio | 1.5m $50.4m | Added +997.9k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 1.5m $50.0m | Added +444.4k |
| UBS Group AG 0.02% of their portfolio | 1.4m $47.4m | Added +392.4k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 1.4m $47.4m | Added +77.1k |
| Thrivent Financial for Lutherans 0.09% of their portfolio | 1.4m $46.1m | Added +56.2k |
| Douglas Lane & Associates, LLC 0.65% of their portfolio | 1.4m $45.7m | Added +154.4k |
| Invesco Ltd. 0.01% of their portfolio | 1.2m $41.0m | Reduced -157.8k |
| Squarepoint Ops LLC 0.17% of their portfolio | 1.2m $40.0m | Added +452.0k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.2m $39.0m | Added +132.3k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 1.1m $37.3m | Reduced -135.0k |
| MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio | 1.1m $36.8m | Reduced -1.5m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.05% of their portfolio | 1.1m $35.5m | Reduced -1.4m |
| Russell Investments Group, Ltd. 0.05% of their portfolio | 961.6k $32.5m | Added +57.2k |
| MASTERS CAPITAL MANAGEMENT LLC 5.74% of their portfolio | 900.0k $30.4m | Unchanged |
| BARCLAYS PLC 0.01% of their portfolio | 785.5k $26.5m | Added +415.0k |
| Mirae Asset Global Investments Co., Ltd. 0.07% of their portfolio | 784.1k $31.8m | Reduced -147.2k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.22% of their portfolio | 685.1k $23.2m | Added +666.7k |
| RENAISSANCE TECHNOLOGIES LLC 0.04% of their portfolio | 681.8k $23.0m | Reduced -102.4k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 672.0k $22.7m | Added +16.8k |
| Monaco Asset Management SAM 9.85% of their portfolio | 657.8k $22.2m | Added +32.8k |
| FMR LLC 0.00% of their portfolio | 633.4k $21.4m | Added +480.0k |
| Hosking Partners LLP 0.78% of their portfolio | 623.0k $21.1m | Reduced -1.9k |
| Capital World Investors 0.00% of their portfolio | 612.0k $20.7m | Unchanged |
| Amundi 0.01% of their portfolio | 573.8k $20.4m | Reduced -400.7k |
| Retirement Systems of Alabama 0.07% of their portfolio | 568.9k $19.2m | Added +296.4k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 528.3k $17.9m | Reduced -103 |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 496.3k $16.8m | Reduced -21.0k |
| Assenagon Asset Management S.A. 0.04% of their portfolio | 482.5k $16.3m | Reduced -407.8k |
| MACQUARIE GROUP LTD 0.02% of their portfolio | 432.6k $14.6m | Reduced -40.1k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio | 423.4k $14.3m | Reduced -10.0k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.04% of their portfolio | 420.1k $14.2m | Added +104.7k |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 413.8k $14.0m | Reduced -13.0k |
| Man Group plc 0.04% of their portfolio | 406.8k $13.7m | New |
| Walleye Trading LLC 0.22% of their portfolio | 403.4k $13.6m | Reduced -345.5k |
| TUDOR INVESTMENT CORP ET AL 0.17% of their portfolio | 399.6k $13.5m | Reduced -38.2k |
| D. E. Shaw & Co., Inc. 0.02% of their portfolio | 398.7k $13.5m | Reduced -153.1k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 390.7k $13.2m | Reduced -371.8k |
| Ninety One UK Ltd 0.04% of their portfolio | 387.4k $13.1m | Reduced -35.4k |
| Legal & General Group Plc 0.00% of their portfolio | 371.0k $12.5m | Added +2.9k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.05% of their portfolio | 369.5k $12.5m | Reduced -324.7k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 352.0k $11.9m | Reduced -96.0k |
| Swiss National Bank 0.01% of their portfolio | 351.7k $11.9m | Unchanged |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 333.7k $11.3m | Reduced -64.9k |
| CITIGROUP INC 0.01% of their portfolio | 329.6k $11.1m | Added +159.4k |
| CREDIT SUISSE AG/ 0.01% of their portfolio | 328.9k $11.1m | Reduced -106.2k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 323.2k $10.9m | Reduced -53.8k |
| TWINBEECH CAPITAL LP 0.22% of their portfolio | 322.1k $10.9m | New |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 311.2k $10.5m | Added +17.3k |
| ALGERT GLOBAL LLC 0.41% of their portfolio | 306.8k $10.4m | Added +71.9k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.04% of their portfolio | 295.6k $10.0m | Reduced -817 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 275.2k $9.3m | Added +6.7k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 274.4k $9.3m | Added +6.6k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 259.8k $8.8m | Added +32.0k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 253.5k $8.6m | Added +186.3k |
| California Public Employees Retirement System 0.01% of their portfolio | 247.0k $8.3m | Unchanged |
| AMERICAN INTERNATIONAL GROUP, INC. 0.03% of their portfolio | 236.2k $8.0m | Reduced -4.8k |
| Mountaineer Partners Management, LLC 3.52% of their portfolio | 225.5k $7.6m | Reduced -14.8k |
| SIMPLEX TRADING, LLC 0.21% of their portfolio | 214.4k $7.2m | Reduced -132.9k |
| STOREBRAND ASSET MANAGEMENT AS 0.02% of their portfolio | 212.6k $7.2m | Reduced -7.4k |
| CANTOR FITZGERALD, L. P. 1.68% of their portfolio | 209.0k $7.1m | Reduced -989 |
| Wesleyan Assurance Society 0.60% of their portfolio | 201.6k $6.8m | Unchanged |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.02% of their portfolio | 185.4k $7.9m | Added +13.7k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 181.4k $6.1m | Reduced -9.8k |
| LPL Financial LLC 0.00% of their portfolio | 180.8k $6.1m | Added +73.2k |
| Walleye Capital LLC 0.07% of their portfolio | 180.6k $6.1m | Added +33.8k |
| Federation des caisses Desjardins du Quebec 0.04% of their portfolio | 178.5k $6.0m | Added +24.2k |
| MARSHALL WACE, LLP 0.01% of their portfolio | 163.4k $5.5m | Added +19.5k |
| SEVEN EIGHT CAPITAL, LP 0.57% of their portfolio | 160.9k $5.4m | Reduced -15.0k |
| TEXAS PERMANENT SCHOOL FUND CORP 0.04% of their portfolio | 156.2k $5.3m | Added +2.1k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 153.9k $5.2m | Added +600 |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 152.0k $5.1m | Reduced -1.1m |
| GTS SECURITIES LLC 0.14% of their portfolio | 150.8k $5.1m | Added +511 |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 147.7k $5.0m | Added +81.8k |
| Jump Financial, LLC 0.14% of their portfolio | 147.1k $5.0m | Added +99.7k |
| JENNISON ASSOCIATES LLC 0.00% of their portfolio | 146.5k $4.9m | New |
| COMERICA BANK 0.02% of their portfolio | 134.7k $4.6m | Added +57.5k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 132.4k $4.5m | Reduced -18.4k |
| Impala Asset Management LLC 3.94% of their portfolio | 129.5k $4.4m | Added +61.5k |