Vault-13

ALLETE INC ALE

COM NEW · Common Stock · CUSIP 018522300

353 institutional holders +8 vs Q2 2025
42,634,89842.6m shares reported held*
$2.8bnreported value*
50 new 123 added 113 reduced 38 sold out net sold ≈ $91.4m (-1.4m shares)

* 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 ($12.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $66.40. Options: 3 managers hold calls ($4.0m notional), 10 hold puts ($30.8m).

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 285Q4 22: 304Q1 23: 289Q2 23: 311Q3 23: 307Q4 23: 321Q1 24: 311Q2 24: 333Q3 24: 330Q4 24: 348Q1 25: 339Q2 25: 345Q3 25: 353353Q3 22Q2 23Q1 24Q4 24Q3 25
Numbers
QuarterHolders
Q3 2022285
Q4 2022304
Q1 2023289
Q2 2023311
Q3 2023307
Q4 2023321
Q1 2024311
Q2 2024333
Q3 2024330
Q4 2024348
Q1 2025339
Q2 2025345
Q3 2025353

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
2000200Q4 23: 146 bought or addedQ4 23: 154 cut or sold outQ1 24: 129 bought or addedQ1 24: 157 cut or sold outQ1 24Q2 24: 168 bought or addedQ2 24: 143 cut or sold outQ3 24: 133 bought or addedQ3 24: 160 cut or sold outQ3 24Q4 24: 155 bought or addedQ4 24: 134 cut or sold outQ1 25: 162 bought or addedQ1 25: 152 cut or sold outQ1 25Q2 25: 167 bought or addedQ2 25: 151 cut or sold outQ3 25: 173 bought or addedQ3 25: 151 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 2023146154
Q1 2024129157
Q2 2024168143
Q3 2024133160
Q4 2024155134
Q1 2025162152
Q2 2025167151
Q3 2025173151

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$10m$20m$30m$40mQ4 24 calls: $486.0kQ4 24 puts: $505.4kQ4 24P/C 1.04Q1 25 calls: $611.0kQ1 25 puts: $236.5kQ1 25P/C 0.39Q2 25 calls: $563.4kQ2 25 puts: $6.4kQ2 25P/C 0.01Q3 25 calls: $4.0mQ3 25 puts: $30.8mQ3 25P/C 7.64
Numbers
QuarterCallsPutsP/C
Q4 2024$486.0k$505.4k1.04
Q1 2025$611.0k$236.5k0.39
Q2 2025$563.4k$6.4k0.01
Q3 2025$4.0m$30.8m7.64

Biggest buyers

Balyasny Asset Management L.P. Added +820,782+820.8k
LMR Partners LLP Added +320,142+320.1k
VOLORIDGE INVESTMENT MANAGEMENT, LLC Added +258,843+258.8k
JPMORGAN CHASE & CO Added +240,897+240.9k
ADAGE CAPITAL PARTNERS GP, L.L.C. New +211,555+211.6k
HRT FINANCIAL LP Added +189,580+189.6k
Invesco Ltd. Added +185,523+185.5k
TWO SIGMA INVESTMENTS, LP Added +169,200+169.2k
Sand Grove Capital Management LLP New +168,499+168.5k
MILLENNIUM MANAGEMENT LLC Added +150,334+150.3k

Biggest sellers

Qube Research & Technologies Ltd Sold out -924,076-924.1k
HIGHBRIDGE CAPITAL MANAGEMENT LLC Sold out -898,146-898.1k
TWO SIGMA ADVISERS, LP Reduced -740,272-740.3k
ROYAL BANK OF CANADA Reduced -550,569-550.6k
CAXTON ASSOCIATES LLP Reduced -345,164-345.2k
Absolute Gestao de Investimentos Ltda. Sold out -273,795-273.8k
TORONTO DOMINION BANK Reduced -244,165-244.2k
RENAISSANCE TECHNOLOGIES LLC Reduced -185,200-185.2k
Aristotle Capital Boston, LLC Sold out -165,444-165.4k
AQR Arbitrage LLC Reduced -155,737-155.7k

Biggest calls

CITADEL ADVISORS LLC New $2.5m38.0k shares
Walleye Trading LLC New $996.0k15.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $517.9k7.8k shares

Biggest puts

Man Group plc New $10.7m161.2k shares
MILLENNIUM MANAGEMENT LLC New $6.4m96.0k shares
Centiva Capital, LP New $5.0m74.8k shares
Caption Management, LLC New $4.8m72.0k shares
CSS LLC/IL Added $3.6m54.4k shares
CITADEL ADVISORS LLC New $265.6k4.0k shares
Walleye Trading LLC New $66.4k1.0k shares
BLUEFIN CAPITAL MANAGEMENT, LLC New $21.6k72.0k shares
SIMPLEX TRADING, LLC New $19.0k300 shares
EQUITEC PROPRIETARY MARKETS, LLC New $13.3k200 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.

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BlackRock, Inc. 0.01% of their portfolio New York, NY 7,805,5597.8m $518.3m $518.3m 0.01% Added +22.5k +22,461
2 VANGUARD GROUP INC 0.01% of their portfolio Valley Forge, PA 6,286,0726.3m $417.4m $417.4m 0.01% Reduced -32.6k -32,570
3 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 2,249,9572.2m $149.4m $149.4m 0.01% Added +31.2k +31,151
4 GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BOSTON, MA 1,471,8021.5m $97.7m $97.7m 0.01% Added +44.3k +44,288
5 AQR Arbitrage LLC 2.32% of their portfolio Greenwich, CT 1,372,1861.4m $91.1m $91.1m 2.32% Reduced -155.7k -155,737
6 Balyasny Asset Management L.P. 0.13% of their portfolio Chicago, IL 975,761975.8k $64.8m $64.8m 0.13% Added +820.8k +820,782
7 DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio AUSTIN, TX 961,880961.9k $63.9m $63.9m 0.01% Reduced -30 -30
8 Melqart Asset Management (UK) Ltd 6.97% of their portfolio London, X0 786,819786.8k $52.2m $52.2m 6.97% Reduced -48.3k -48,293
9 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 753,372753.4k $50.0m $50.0m 0.01% Reduced -5.5k -5,502
10 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 705,162705.2k $46.8m $46.8m 0.01% Added +185.5k +185,523
11 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 698,354698.4k $46.4m $46.4m 0.01% Reduced -10.0k -9,959
12 FIRST TRUST ADVISORS LP 0.03% of their portfolio Wheaton, IL 684,529684.5k $45.5m $45.5m 0.03% Reduced -1.9k -1,871
13 MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio NEW YORK, NY 671,802671.8k $44.6m $44.6m 0.04% Added +150.3k +150,334
14 ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio NASHVILLE, TN 611,255611.3k $40.6m $40.6m 0.01% Added +21.4k +21,409
15 AQR CAPITAL MANAGEMENT LLC 0.02% of their portfolio Greenwich, CT 542,011542.0k $36.0m $36.0m 0.02% Added +59.0k +59,009
16 ALPINE ASSOCIATES MANAGEMENT INC. 2.10% of their portfolio PALM BEACH, FL 520,018520.0k $34.5m $34.5m 2.10% Added +77.0k +76,971
17 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 443,234443.2k $29.4m $29.4m 0.00% Added +240.9k +240,897
18 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 439,988440.0k $29.2m $29.2m 0.01% Reduced -209 -209
19 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 421,392421.4k $28.0m $28.0m 0.00% Reduced -84.9k -84,943
20 UBS Group AG 0.01% of their portfolio ZURICH, V8 402,934402.9k $26.8m $26.8m 0.01% Reduced -109.2k -109,200
21 Verition Fund Management LLC 0.15% of their portfolio GREENWICH, CT 391,318391.3k $26.0m $26.0m 0.15% Added +112.2k +112,211
22 OLD REPUBLIC INTERNATIONAL CORP 0.94% of their portfolio CHICAGO, IL 383,100383.1k $25.4m $25.4m 0.94% Unchanged
23 Nuveen, LLC 0.01% of their portfolio CHARLOTTE, NC 367,944367.9k $24.4m $24.4m 0.01% Reduced -101.4k -101,386
24 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.08% of their portfolio JUPITER, FL 363,788363.8k $24.2m $24.2m 0.08% Added +258.8k +258,843
25 Alberta Investment Management Corp 0.17% of their portfolio EDMONTON, A0 357,202357.2k $23.7m $23.7m 0.17% Added +75.0k +75,000
26 TWO SIGMA INVESTMENTS, LP 0.04% of their portfolio NEW YORK, NY 353,755353.8k $23.5m $23.5m 0.04% Added +169.2k +169,200
27 LMR Partners LLP 0.30% of their portfolio LONDON, X0 345,613345.6k $22.9m $22.9m 0.30% Added +320.1k +320,142
28 GABELLI FUNDS LLC 0.15% of their portfolio Rye, NY 335,469335.5k $22.3m $22.3m 0.15% Added +13.7k +13,700
29 CAXTON ASSOCIATES LLP 0.60% of their portfolio LONDON, X0 327,952328.0k $21.8m $21.8m 0.60% Reduced -345.2k -345,164
30 NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio NEW YORK, NY 308,447308.4k $20.5m $20.5m 0.01% Reduced -72.3k -72,320
31 HSBC HOLDINGS PLC 0.01% of their portfolio LONDON, X0 288,647288.6k $19.2m $19.2m 0.01% Added +7.2k +7,249
32 FIL Ltd 0.01% of their portfolio HAMILTON, D0 284,373284.4k $18.9m $18.9m 0.01% Added +351 +351
33 JANUS HENDERSON GROUP PLC 0.01% of their portfolio LONDON, X0 269,585269.6k $17.9m $17.9m 0.01% Unchanged
34 Legal & General Group Plc 0.00% of their portfolio London, X0 268,857268.9k $17.9m $17.9m 0.00% Reduced -6.7k -6,735
35 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 262,513262.5k $17.4m $17.4m 0.00% Reduced -550.6k -550,569
36 GABELLI & Co INVESTMENT ADVISERS, INC. 2.54% of their portfolio Rye, NY 238,600238.6k $15.8m $15.8m 2.54% Reduced -13.1k -13,100
37 California Public Employees Retirement System 0.01% of their portfolio Sacramento, CA 224,036224.0k $14.9m $14.9m 0.01% Reduced -124.5k -124,460
38 Energy Income Partners, LLC 0.28% of their portfolio Westport, CT 222,107222.1k $14.7m $14.7m 0.28% Added +144.7k +144,655
39 PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio DES MOINES, IA 217,586217.6k $14.4m $14.4m 0.01% Added +48.9k +48,921
40 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.02% of their portfolio Boston, MA 211,555211.6k $14.0m $14.0m 0.02% New
41 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio BOSTON, MA 204,958205.0k $13.6m $13.6m 0.01% Added +18.3k +18,349
42 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 203,669203.7k $13.5m $13.5m 0.00% Added +80.9k +80,946
43 COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.07% of their portfolio HARRISBURG, PA 203,336203.3k $13.5m $13.5m 0.07% Reduced -2.0k -1,989
44 HRT FINANCIAL LP 0.06% of their portfolio NEW YORK, NY 202,470202.5k $13.4m $13.4m 0.06% Added +189.6k +189,580
45 RHUMBLINE ADVISERS 0.01% of their portfolio BOSTON, MA 197,608197.6k $13.1m $13.1m 0.01% Reduced -2.7k -2,709
46 MARSHALL WACE, LLP 0.01% of their portfolio LONDON, X0 186,257186.3k $12.4m $12.4m 0.01% Added +141.0k +140,983
47 Squarepoint Ops LLC 0.03% of their portfolio NEW YORK, NY 185,002185.0k $12.3m $12.3m 0.03% Reduced -109.9k -109,885
48 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 183,466183.5k $12.2m $12.2m 0.00% Added +39.3k +39,266
49 Sand Grove Capital Management LLP 5.47% of their portfolio LONDON, X0 168,499168.5k $11.2m $11.2m 5.47% New
50 Lighthouse Investment Partners, LLC 0.37% of their portfolio Palm Beach Gardens, FL 156,022156.0k $10.4m $10.4m 0.37% Added +35.3k +35,315
51 STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio MADISON, WI 145,920145.9k $9.7m $9.7m 0.02% Reduced -135.2k -135,164
52 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 143,702143.7k $9.5m $9.5m 0.01% Added +88.5k +88,521
53 Man Group plc 0.02% of their portfolio LONDON, X0 139,296139.3k $9.2m $9.2m 0.02% Added +79.1k +79,103
54 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 133,537133.5k $8.9m $8.9m 0.00% Added +11.6k +11,550
55 CREDIT INDUSTRIEL ET COMMERCIAL 1.36% of their portfolio PARIS FRANCE, I0 128,769128.8k $8.6m $8.6m 1.36% Reduced -30.2k -30,156
56 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 118,775118.8k $7.9m $7.9m 0.01% Added +55.2k +55,179
57 Kapitalo Investimentos Ltda 1.44% of their portfolio SAO PAULO, D5 115,344115.3k $7.7m $7.7m 1.44% Reduced -101.0k -100,951
58 Swiss National Bank 0.00% of their portfolio ZURICH, V8 112,300112.3k $7.5m $7.5m 0.00% Added +1.6k +1,600
59 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 111,999112.0k $7.4m $7.4m 0.01% Reduced -185.2k -185,200
60 ProShare Advisors LLC 0.02% of their portfolio BETHESDA, MD 110,157110.2k $7.3m $7.3m 0.02% Added +2.7k +2,680
61 Phocas Financial Corp. 0.92% of their portfolio ALAMEDA, CA 106,751106.8k $7.1m $7.1m 0.92% New
62 Allianz Asset Management GmbH 0.01% of their portfolio MUNICH, 2M 106,477106.5k $7.1m $7.1m 0.01% Added +65.9k +65,910
63 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 102,666102.7k $6.8m $6.8m 0.00% Reduced -74.8k -74,839
64 Groupe la Francaise 0.08% of their portfolio PARIS, I0 93,96894.0k $6.2m $6.2m 0.08% Reduced -20.1k -20,148
65 Quantessence Capital LLC 1.97% of their portfolio NEW YORK, NY 93,95394.0k $6.2m $6.2m 1.97% New
66 FMR LLC 0.00% of their portfolio BOSTON, MA 89,13389.1k $5.9m $5.9m 0.00% Added +16.6k +16,619
67 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 85,47485.5k $5.7m $5.7m 0.00% Reduced -4.2k -4,210
68 Westchester Capital Management, LLC 0.29% of their portfolio VALHALLA, NY 84,12984.1k $5.6m $5.6m 0.29% New
69 PICTON MAHONEY ASSET MANAGEMENT 0.07% of their portfolio Toronto, A6 80,29180.3k $5.3m $5.3m 0.07% New
70 FARALLON CAPITAL MANAGEMENT, L.L.C. 0.03% of their portfolio SAN FRANCISCO, CA 75,00075.0k $5.0m $5.0m 0.03% Not comparable
71 ABC ARBITRAGE SA 0.48% of their portfolio PARIS, I0 72,86672.9k $4.8m $4.8m 0.48% Unchanged
72 CAPSTONE INVESTMENT ADVISORS, LLC 0.04% of their portfolio NEW YORK, NY 72,00072.0k $4.8m $4.8m 0.04% New
73 Retirement Systems of Alabama 0.02% of their portfolio MONTGOMERY, AL 70,00670.0k $4.6m $4.6m 0.02% Reduced -762 -762
74 Point72 Asia (Singapore) Pte. Ltd. 0.68% of their portfolio SINGAPORE, U0 65,70865.7k $4.4m $4.4m 0.68% Added +24.2k +24,177
75 KENNEDY CAPITAL MANAGEMENT LLC 0.10% of their portfolio ST LOUIS, MO 65,55765.6k $4.4m $4.4m 0.10% Reduced -3.0k -2,972
76 Centiva Capital, LP 0.40% of their portfolio New York, NY 65,00065.0k $4.3m $4.3m 0.40% New
77 AlphaQuest LLC 0.28% of their portfolio New York, NY 63,69163.7k $4.2m $4.2m 0.28% New
78 WOLVERINE ASSET MANAGEMENT LLC 0.06% of their portfolio CHICAGO, IL 63,56863.6k $4.2m $4.2m 0.06% Added +7.5k +7,480
79 MetLife Investment Management, LLC 0.02% of their portfolio Whippany, NJ 62,66162.7k $4.2m $4.2m 0.02% New
80 TOKIO MARINE ASSET MANAGEMENT CO LTD 0.15% of their portfolio Tokyo, M0 62,10062.1k $4.1m $4.1m 0.15% Reduced -57.1k -57,100
81 Integrated Wealth Concepts LLC 0.04% of their portfolio WALTHAM, MA 61,18161.2k $4.1m $4.1m 0.04% Added +7.2k +7,250
82 TWO SIGMA ADVISERS, LP 0.01% of their portfolio NEW YORK, NY 58,18858.2k $3.9m $3.9m 0.01% Reduced -740.3k -740,272
83 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 56,99357.0k $3.8m $3.8m 0.00% Added +2 +2
84 PRELUDE CAPITAL MANAGEMENT, LLC 0.29% of their portfolio NEW YORK, NY 56,22456.2k $3.7m $3.7m 0.29% Added +17.0k +16,952
85 Versor Investments LP 0.67% of their portfolio New York, NY 54,49254.5k $3.6m $3.6m 0.67% Reduced -34.6k -34,598
86 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 54,36554.4k $3.6m $3.6m 0.00% Added +6.6k +6,565
87 Strategic Planning, Inc. 2.04% of their portfolio Columbus, OH 53,05153.1k $3.5m $3.5m 2.04% Reduced -663 -663
88 CSS LLC/IL 0.21% of their portfolio CHICAGO, IL 52,76752.8k $3.5m $3.5m 0.21% Added +24.2k +24,225
89 GAMCO INVESTORS, INC. ET AL 0.03% of their portfolio GREENWICH, CT 51,82551.8k $3.4m $3.4m 0.03% Reduced -7.6k -7,612
90 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 50,97551.0k $3.4m $3.4m 0.00% Reduced -3.1k -3,086
91 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.01% of their portfolio CAUSEWAY BAY, K3 50,63750.6k $3.4m $3.4m 0.01% Added +5.4k +5,375
92 Skandinaviska Enskilda Banken AB (publ) 0.01% of their portfolio STOCKHOLM, V7 50,00050.0k $3.3m $3.3m 0.01% Reduced -21.7k -21,672
93 HARVEST MANAGEMENT LLC 1.63% of their portfolio New York, NY 49,84749.8k $3.3m $3.3m 1.63% Added +20.0k +19,996
94 Corient Private Wealth LP 0.01% of their portfolio MIAMI, FL 49,47349.5k $3.3m $3.3m 0.01% Reduced -625 -625
95 NEXPOINT ASSET MANAGEMENT, L.P. 0.29% of their portfolio Dallas, TX 48,50048.5k $3.2m $3.2m 0.29% Added +9.5k +9,513
96 DARK FOREST CAPITAL MANAGEMENT LP 0.12% of their portfolio NEW YORK, NY 48,11148.1k $3.2m $3.2m 0.12% New
97 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 47,53347.5k $3.2m $3.2m 0.00% Added +2.9k +2,858
98 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 45,51145.5k $3.0m $3.0m 0.00% Reduced -14.2k -14,205
99 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 45,37845.4k $3.0m $3.0m 0.00% Added +1.4k +1,362
100 Magellan Asset Management Ltd 0.03% of their portfolio Sydney, C3 44,34544.3k $2.9m $2.9m 0.03% Added +2.9k +2,897