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 ($37.5m this quarter). Holder counts are more reliable. Shares outstanding: 263.9m as of 2026-07-27, 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 ≈ $52.23. Options: 39 managers hold calls ($683.4m notional), 35 hold puts ($611.1m).
Trends to Q2 2026
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 |
| Q2 2024 | 487 |
| Q3 2024 | 486 |
| Q4 2024 | 527 |
| Q1 2025 | 515 |
| Q2 2025 | 475 |
| Q3 2025 | 516 |
| Q4 2025 | 637 |
| Q1 2026 | 760 |
| Q2 2026 | 711 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 282 | 193 |
| Q4 2024 | 262 | 196 |
| Q1 2025 | 263 | 237 |
| Q2 2025 | 241 | 261 |
| Q3 2025 | 268 | 201 |
| Q4 2025 | 373 | 211 |
| Q1 2026 | 472 | 246 |
| Q2 2026 | 343 | 385 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $515.2m | $519.1m | 1.01 |
| Q4 2025 | $786.9m | $826.8m | 1.05 |
| Q1 2026 | $710.1m | $747.6m | 1.05 |
| Q2 2026 | $683.4m | $611.1m | 0.89 |
Biggest buyers
| FMR LLC | Added | +4.1m |
| MILLENNIUM MANAGEMENT LLC | Added | +2.0m |
| L1 Capital Pty Ltd | New | +1.4m |
| Qube Research & Technologies Ltd | Added | +1.4m |
| MARSHALL WACE, LLP | Added | +1.3m |
| DEUTSCHE BANK AG\ | Added | +995.3k |
| BlackRock, Inc. | Added | +923.1k |
| Maple Rock Capital Partners Inc. | Added | +674.4k |
| Balyasny Asset Management L.P. | Added | +671.2k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | New | +642.7k |
Biggest sellers
| DIMENSIONAL FUND ADVISORS LP | Reduced | -2.8m |
| EAGLE CAPITAL MANAGEMENT LLC | Reduced | -2.2m |
| Invesco Ltd. | Reduced | -1.5m |
| Duquesne Family Office LLC | Reduced | -1.3m |
| AQR CAPITAL MANAGEMENT LLC | Reduced | -1.1m |
| JPMORGAN CHASE & CO | Reduced | -997.8k |
| Holocene Advisors, LP | Sold out | -844.2k |
| PANAGORA ASSET MANAGEMENT INC | Reduced | -832.9k |
| Oxbow Capital Management (HK) Ltd | Sold out | -685.0k |
| Encompass Capital Advisors LLC | Sold out | -605.1k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $122.8m2.4m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $119.6m2.3m shares |
| JANE STREET GROUP, LLC | Reduced | $110.5m2.1m shares |
| MASTERS CAPITAL MANAGEMENT LLC | Added | $104.3m2.0m shares |
| IMC-Chicago, LLC | Added | $49.3m944.8k shares |
| CITIGROUP INC | New | $27.1m519.3k shares |
| CIBC Bancorp USA Inc. | Added | $19.0m364.3k shares |
| Rokos Capital Management LLP | New | $18.2m350.0k shares |
| Alphadyne Asset Management LP | Reduced | $12.0m230.0k shares |
| Walleye Trading LLC | Reduced | $11.5m221.0k shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $142.8m2.7m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $129.2m2.5m shares |
| JANE STREET GROUP, LLC | Added | $110.3m2.1m shares |
| IMC-Chicago, LLC | Added | $57.6m1.1m shares |
| SIMPLEX TRADING, LLC | Added | $24.4m468.7k shares |
| Walleye Trading LLC | Reduced | $23.7m453.8k shares |
| UBS Group AG | Reduced | $13.2m253.4k shares |
| GROUP ONE TRADING LLC | Reduced | $11.9m227.5k shares |
| Centiva Capital, LP | Reduced | $10.4m200.0k shares |
| PEAK6 LLC | Reduced | $9.5m181.3k 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 since 1 Apr 2026
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 |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 1 | $1.0m | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 0 | — | 4 | $1.3m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-08-31 | Bacchi Renato EVP & Chief Commercial Officer | Sold | $35.7k700 shares |
| 2026-08-27 | Jones Tammi A EVP & CHRO | Sold | $790.8k15.6k shares |
| 2026-08-17 | Hastings Andrew EVP & Gen. Counsel | Sold | $305.4k6.0k shares |
| 2026-07-22 | Reed Matthew T EVP, Chief Operations Officer | Sold | $215.4k4.6k 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, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.02% of their portfolio | 29.3m $1.5bn | Added +923.1k |
| FMR LLC 0.04% of their portfolio | 17.0m $886.2m | Added +4.1m |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.03% of their portfolio | 13.0m $677.6m | Added +351.0k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 11.9m $621.8m | Added +149.4k |
| EAGLE CAPITAL MANAGEMENT LLC 1.89% of their portfolio | 11.9m $619.4m | Reduced -2.2m |
| STATE STREET CORP 0.02% of their portfolio | 10.9m $567.1m | Reduced -5.6k |
| DIMENSIONAL FUND ADVISORS LP 0.06% of their portfolio | 5.8m $304.8m | Reduced -2.8m |
| GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 5.8m $304.1m | Reduced -112.9k |
| AQR CAPITAL MANAGEMENT LLC 0.07% of their portfolio | 4.1m $213.1m | Reduced -1.1m |
| MORGAN STANLEY 0.01% of their portfolio | 3.6m $187.1m | Reduced -507.2k |
| D. E. Shaw & Co., Inc. 0.12% of their portfolio | 3.6m $187.0m | Reduced -25.3k |
| Bank of New York Mellon Corp 0.03% of their portfolio | 3.2m $166.2m | Added +47.3k |
| Qube Research & Technologies Ltd 0.16% of their portfolio | 2.8m $144.2m | Added +1.4m |
| NORTHERN TRUST CORP 0.02% of their portfolio | 2.5m $131.7m | Added +305.9k |
| MILLENNIUM MANAGEMENT LLC 0.08% of their portfolio | 2.3m $121.7m | Added +2.0m |
| Invesco Ltd. 0.01% of their portfolio | 2.1m $112.0m | Reduced -1.5m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 2.1m $108.5m | Reduced -23.5k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.13% of their portfolio | 2.1m $108.0m | Added +162.0k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 2.0m $108.6m | Reduced -997.8k |
| NORGES BANK 0.01% of their portfolio | 2.0m $103.4m | Not comparable |
| Amundi 0.02% of their portfolio | 1.9m $100.3m | Reduced -86.2k |
| AGF MANAGEMENT LTD 0.37% of their portfolio | 1.8m $96.2m | Reduced -230.5k |
| VANGUARD FIDUCIARY TRUST CO 0.02% of their portfolio | 1.7m $87.0m | Added +56.9k |
| Maple Rock Capital Partners Inc. 1.61% of their portfolio | 1.6m $82.3m | Added +674.4k |
| Tidal Investments LLC 0.19% of their portfolio | 1.5m $80.2m | Reduced -81.4k |
| MACKENZIE FINANCIAL CORP 0.07% of their portfolio | 1.4m $75.4m | Reduced -57.0k |
| L1 Capital Pty Ltd 2.52% of their portfolio | 1.4m $74.9m | New |
| Nykredit A/S 0.23% of their portfolio | 1.4m $74.4m | First filing |
| MARSHALL WACE, LLP 0.06% of their portfolio | 1.4m $72.5m | Added +1.3m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 1.3m $68.9m | Reduced -62.6k |
| Temasek Holdings (Private) Ltd 0.19% of their portfolio | 1.3m $67.8m | Unchanged |
| CITADEL ADVISORS LLC 0.04% of their portfolio | 1.2m $63.4m | Added +386.8k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.02% of their portfolio | 1.2m $60.0m | Added +411.3k |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 1.1m $55.3m | Added +995.3k |
| UBS Group AG 0.01% of their portfolio | 1.1m $55.3m | Added +393.8k |
| VAN ECK ASSOCIATES CORP 0.03% of their portfolio | 982.9k $51.2m | Added +275.8k |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 948.3k $62.9m | Reduced -17.6k |
| Douglas Lane & Associates, LLC 0.61% of their portfolio | 861.6k $44.9m | Reduced -77.9k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 789.9k $41.2m | Added +9.4k |
| Balyasny Asset Management L.P. 0.07% of their portfolio | 757.4k $39.5m | Added +671.2k |
| Man Group plc 0.07% of their portfolio | 743.1k $38.7m | Added +235.4k |
| RHUMBLINE ADVISERS 0.03% of their portfolio | 722.8k $37.7m | Added +32.2k |
| VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio | 694.3k $36.2m | Reduced -153.4k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 674.5k $35.2m | Reduced -221.7k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.14% of their portfolio | 642.7k $33.5m | New |
| FEDERATED HERMES, INC. 0.05% of their portfolio | 635.2k $33.1m | Added +114.3k |
| Gotham Asset Management, LLC 0.07% of their portfolio | 607.6k $31.7m | Reduced -33.6k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 599.1k $31.2m | Added +21.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 584.5k $30.5m | Reduced -26.1k |
| CAPITAL FUND MANAGEMENT S.A. 0.21% of their portfolio | 566.8k $29.6m | Added +418.3k |
| RENAISSANCE TECHNOLOGIES LLC 0.04% of their portfolio | 565.7k $29.5m | Reduced -33.0k |
| Global Alpha Capital Management Ltd. 1.75% of their portfolio | 558.6k $29.1m | Reduced -130.6k |
| PANAGORA ASSET MANAGEMENT INC 0.09% of their portfolio | 554.1k $28.9m | Reduced -832.9k |
| SG Americas Securities, LLC 0.02% of their portfolio | 537.1k $28.0m | Added +437.3k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 534.9k $27.9m | Added +56.2k |
| COOKSON PEIRCE & CO INC 0.91% of their portfolio | 531.1k $27.7m | Reduced -28.5k |
| Swiss National Bank 0.01% of their portfolio | 529.5k $27.6m | Added +16.9k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.06% of their portfolio | 496.3k $25.9m | Added +398.7k |
| Retirement Systems of Alabama 0.08% of their portfolio | 491.4k $25.6m | Reduced -44.5k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 489.0k $25.5m | Added +72.9k |
| SEI INVESTMENTS CO 0.02% of their portfolio | 483.0k $25.2m | Reduced -96.3k |
| TUDOR INVESTMENT CORP ET AL 0.10% of their portfolio | 470.3k $24.5m | Added +113.1k |
| Hosking Partners LLP 0.80% of their portfolio | 461.2k $24.0m | Reduced -55.6k |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 447.5k $23.3m | Added +68.8k |
| ARGA Investment Management, LP 0.60% of their portfolio | 447.5k $23.3m | Reduced -150.5k |
| GENDELL JEFFREY L 0.21% of their portfolio | 440.0k $22.9m | Added +186.9k |
| California Public Employees Retirement System 0.01% of their portfolio | 425.1k $22.2m | Reduced -35.5k |
| BARCLAYS PLC 0.01% of their portfolio | 412.4k $21.5m | Added +60.0k |
| Nuveen, LLC 0.00% of their portfolio | 398.6k $20.8m | Added +74 |
| NORDEA INVESTMENT MANAGEMENT AB 0.02% of their portfolio | 390.2k $20.7m | Reduced -5.0k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.01% of their portfolio | 388.4k $20.3m | Added +262.7k |
| Drummond Knight Asset Management Pty Ltd 3.69% of their portfolio | 385.7k $20.1m | Reduced -92.8k |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 366.7k $19.5m | Added +60.3k |
| HighTower Advisors, LLC 0.02% of their portfolio | 351.4k $18.3m | Added +278.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 349.3k $18.2m | Added +22.9k |
| CANADA LIFE ASSURANCE Co 0.03% of their portfolio | 342.4k $17.8m | Reduced -16.9k |
| Legal & General Group Plc 0.00% of their portfolio | 341.1k $17.8m | Added +2.1k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 320.5k $16.7m | Added +1.8k |
| Trexquant Investment LP 0.10% of their portfolio | 313.5k $16.3m | New |
| Castle Hook Partners LP 0.17% of their portfolio | 311.5k $16.2m | New |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 310.2k $16.2m | Reduced -127.8k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 306.2k $16.0m | Added +7.6k |
| ZACKS INVESTMENT MANAGEMENT 0.11% of their portfolio | 301.6k $15.7m | Added +5.2k |
| Jump Financial, LLC 0.14% of their portfolio | 300.9k $15.7m | Added +216.4k |
| Driehaus Capital Management LLC 0.09% of their portfolio | 296.4k $15.5m | New |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 280.0k $14.6m | Added +237.3k |
| Thrivent Financial for Lutherans 0.02% of their portfolio | 270.8k $14.1m | Added +135.8k |
| IEQ CAPITAL, LLC 0.06% of their portfolio | 259.9k $13.6m | Reduced -123.9k |
| LPL Financial LLC 0.00% of their portfolio | 250.4k $13.1m | Added +64.5k |
| CITIGROUP INC 0.01% of their portfolio | 241.8k $12.6m | Added +118.1k |
| Daiwa Securities Group Inc. 0.03% of their portfolio | 237.1k $12.4m | Unchanged |
| Old West Investment Management, LLC 1.31% of their portfolio | 236.7k $12.3m | Added +15.1k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 231.9k $12.1m | Reduced -702 |
| COZAD ASSET MANAGEMENT INC 0.78% of their portfolio | 231.7k $12.1m | Added +95.6k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 229.4k $12.0m | Reduced -5.2k |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.04% of their portfolio | 228.9k $11.9m | New |
| IMC-Chicago, LLC 0.11% of their portfolio | 225.4k $11.8m | Added +181.1k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.01% of their portfolio | 220.8k $11.5m | Added +20.4k |
| Raiffeisen Bank International AG 0.13% of their portfolio | 213.2k $11.1m | Unchanged |
| Regal Partners Ltd 0.61% of their portfolio | 212.0k $11.1m | Reduced -144.3k |