ALTICE USA INC OPTU
CL A · Common Stock · CUSIP 02156K103 · ISIN US02156K1034
American telecommunications and media company; spin-off of Altice Europe
- SectorCommunication
- IndustryCable & Other Pay Television Services
- HeadquartersLong Island City, NY
- Founded1973
- Websitealticeusa.com
- FilingsSEC EDGAR
* 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 ($612.6k this quarter). Holder counts are more reliable. Shares outstanding: 468.7m as of 2025-08-01, 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 ≈ $2.14. Options: 8 managers hold calls ($3.2m notional), 5 hold puts ($219.1k).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 285 |
| Q4 2022 | 253 |
| Q1 2023 | 249 |
| Q2 2023 | 192 |
| Q3 2023 | 189 |
| Q4 2023 | 180 |
| Q1 2024 | 165 |
| Q2 2024 | 170 |
| Q3 2024 | 166 |
| Q4 2024 | 159 |
| Q1 2025 | 157 |
| Q2 2025 | 167 |
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 2023 | 80 | 87 |
| Q4 2023 | 80 | 91 |
| Q1 2024 | 60 | 94 |
| Q2 2024 | 66 | 86 |
| Q3 2024 | 75 | 81 |
| Q4 2024 | 64 | 72 |
| Q1 2025 | 70 | 55 |
| Q2 2025 | 95 | 61 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $33.5m | $10.3m | 0.31 |
| Q4 2024 | $74.7m | $8.8m | 0.12 |
| Q1 2025 | $1.7m | $284.3k | 0.17 |
| Q2 2025 | $3.2m | $219.1k | 0.07 |
Biggest buyers
| ROYAL BANK OF CANADA | Added | +13.8m |
| BlackRock, Inc. | Added | +8.6m |
| VANGUARD GROUP INC | Added | +5.0m |
| MILLENNIUM MANAGEMENT LLC | Added | +3.2m |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +3.2m |
| Empyrean Capital Partners, LP | Added | +3.0m |
| STATE STREET CORP | Added | +2.3m |
| GOLDMAN SACHS GROUP INC | Added | +2.3m |
| FOURSIXTHREE CAPITAL LP | Added | +2.1m |
| LMR Partners LLP | Added | +2.1m |
Biggest sellers
| UBS Group AG | Reduced | -7.9m |
| KING STREET CAPITAL MANAGEMENT, L.P. | Sold out | -3.8m |
| CITADEL ADVISORS LLC | Reduced | -3.1m |
| 140 Summer Partners LP | Sold out | -2.6m |
| DEUTSCHE BANK AG\ | Reduced | -2.2m |
| CARRONADE CAPITAL MANAGEMENT, LP | Reduced | -1.6m |
| HG Vora Capital Management, LLC | Reduced | -1.5m |
| TWO SIGMA INVESTMENTS, LP | Reduced | -1.2m |
| TUDOR INVESTMENT CORP ET AL | Reduced | -1.2m |
| TWO SIGMA ADVISERS, LP | Reduced | -958.1k |
Biggest calls
| LMR Partners LLP | New | $1.8m820.7k shares |
| Brooklands Fund Management Ltd | Reduced | $416.3k194.5k shares |
| GROUP ONE TRADING LLC | Added | $349.2k163.2k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $254.4k118.9k shares |
| SIMPLEX TRADING, LLC | Added | $221.0k103.5k shares |
| CITADEL ADVISORS LLC | Added | $132.0k61.7k shares |
| WOLVERINE TRADING, LLC | New | $22.8k10.7k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $80.9k37.8k shares |
| CITADEL ADVISORS LLC | Reduced | $77.3k36.1k shares |
| SIMPLEX TRADING, LLC | Reduced | $43.0k20.2k shares |
| GROUP ONE TRADING LLC | Added | $18.0k8.4k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 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 |
|---|---|
| Drahi Patrick 13G · exempt (held before listing) filed 2026-06-02 | 99.9% |
| SUBIN NEIL S 13G · passive investor +1.4 pts · filed 2026-10-26 | 13.3% |
| Empyrean Capital Partners, LP 13G · institution +2.9 pts · filed 2026-08-14 | 8.1% |
| BARCLAYS PLC 13G · institution no change · filed 2025-03-21 | 7.0% |
| DEUTSCHE BANK AG\ 13G · institution +1.7 pts · filed 2026-08-13 | 6.9% |
| Kite Lake Capital Management (UK) LLP 13G · passive investor +3.5 pts · filed 2026-08-24 | 6.8% |
| BlackRock, Inc. 13G · institution new · filed 2025-07-17 | 6.4% |
Fell to 5% or below in the last year: MILLENNIUM MANAGEMENT LLC (3.2%, 2026-05-14), VANGUARD GROUP INC (0.0%, 2026-03-27)
Insider purchases and sales in Q2 2025
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 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 1 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
None reported in Q2 2025.
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.00% of their portfolio | 26.8m $57.3m | Added +5.0m |
| Empyrean Capital Partners, LP 2.29% of their portfolio | 23.1m $49.4m | Added +3.0m |
| BlackRock, Inc. 0.00% of their portfolio | 19.0m $40.7m | Added +8.6m |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 15.9m $34.1m | Added +13.8m |
| Apollo Management Holdings, L.P. 0.41% of their portfolio | 12.2m $26.1m | Unchanged |
| NOMURA HOLDINGS INC 0.21% of their portfolio | 12.1m $25.9m | Unchanged |
| D. E. Shaw & Co., Inc. 0.02% of their portfolio | 11.1m $23.8m | Reduced -83.0k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 10.5m $22.6m | Reduced -2.2m |
| Bracebridge Capital, LLC 10.65% of their portfolio | 9.4m $20.0m | Reduced -39.2k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 8.8m $18.7m | Added +3.2m |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 8.7m $18.7m | Added +2.3m |
| REDWOOD CAPITAL MANAGEMENT, LLC 3.18% of their portfolio | 8.2m $17.5m | Unchanged |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 7.9m $17.0m | Added +642.0k |
| Diameter Capital Partners LP 4.50% of their portfolio | 7.5m $16.2m | Reduced -589.8k |
| OAKTREE CAPITAL MANAGEMENT LP 0.32% of their portfolio | 7.5m $16.1m | Unchanged |
| Hudson Bay Capital Management LP 0.10% of their portfolio | 7.4m $15.9m | Added +521.3k |
| LOOMIS SAYLES & CO L P 0.02% of their portfolio | 7.2m $15.4m | Reduced -129.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 6.1m $13.0m | Added +3.2m |
| RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio | 5.3m $11.4m | Added +1.3m |
| PRIMECAP MANAGEMENT CO/CA/ 0.01% of their portfolio | 4.9m $10.4m | Unchanged |
| SONA ASSET MANAGEMENT (US) LLC 0.34% of their portfolio | 4.8m $10.2m | Added +352.8k |
| STATE STREET CORP 0.00% of their portfolio | 4.2m $8.9m | Added +2.3m |
| CARRONADE CAPITAL MANAGEMENT, LP 1.20% of their portfolio | 4.1m $8.7m | Reduced -1.6m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 4.0m $8.6m | Added +1.7m |
| Cerberus Capital Management, L.P. 0.25% of their portfolio | 3.9m $8.4m | Unchanged |
| Mount Capital Ltd 2.68% of their portfolio | 3.9m $8.3m | Reduced -35.4k |
| FOURSIXTHREE CAPITAL LP 3.51% of their portfolio | 3.6m $7.7m | Added +2.1m |
| CastleKnight Management LP 0.50% of their portfolio | 3.6m $7.6m | Added +1.7m |
| ARES MANAGEMENT LLC 0.39% of their portfolio | 3.5m $7.6m | Unchanged |
| LMR Partners LLP 0.11% of their portfolio | 3.3m $7.0m | Added +2.1m |
| HG Vora Capital Management, LLC 0.76% of their portfolio | 3.2m $6.9m | Reduced -1.5m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.00% of their portfolio | 3.1m $6.6m | Added +5.0k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 2.9m $6.2m | Added +551.1k |
| Paloma Partners Management Co 1.38% of their portfolio | 2.8m $6.1m | Added +400.0k |
| MORGAN STANLEY 0.00% of their portfolio | 2.6m $5.7m | Added +1.1m |
| COMPASS ROSE ASSET MANAGEMENT, LP 2.05% of their portfolio | 2.6m $5.6m | Added +1.4m |
| NORTHERN TRUST CORP 0.00% of their portfolio | 2.2m $4.6m | Added +1.5m |
| P SCHOENFELD ASSET MANAGEMENT LP 1.37% of their portfolio | 2.0m $4.3m | New |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 1.9m $4.0m | Reduced -1.2m |
| SHENKMAN CAPITAL MANAGEMENT INC 0.47% of their portfolio | 1.8m $4.7m | Unchanged |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 1.8m $3.8m | New |
| Point72 Asset Management, L.P. 0.01% of their portfolio | 1.2m $2.6m | Reduced -187.1k |
| Taconic Capital Advisors LP 0.30% of their portfolio | 1.2m $2.6m | Reduced -350.0k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 1.1m $2.4m | Added +342.9k |
| TUDOR INVESTMENT CORP ET AL 0.02% of their portfolio | 1.1m $2.4m | Reduced -1.2m |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.1m $2.3m | Reduced -11.0k |
| Silver Rock Financial LP 2.63% of their portfolio | 1.0m $2.1m | Unchanged |
| ALGERT GLOBAL LLC 0.04% of their portfolio | 971.4k $2.1m | Added +98.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 836.2k $1.8m | Added +192.1k |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.05% of their portfolio | 781.5k $1.7m | Reduced -23.0k |
| BRUNI J V & CO /CO 0.16% of their portfolio | 699.8k $1.5m | Reduced -3.1k |
| Mitsubishi UFJ Trust & Banking Corp 0.00% of their portfolio | 693.0k $1.5m | Reduced -105.1k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 669.7k $1.4m | Added +608.1k |
| Nuveen, LLC 0.00% of their portfolio | 646.8k $1.4m | Added +571.8k |
| MACKENZIE FINANCIAL CORP 0.00% of their portfolio | 616.8k $1.3m | Added +435.0k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 606.6k $1.3m | Reduced -3.1m |
| BARCLAYS PLC 0.00% of their portfolio | 499.4k $1.1m | Added +237.4k |
| TWO SIGMA ADVISERS, LP 0.00% of their portfolio | 495.0k $1.1m | Reduced -958.1k |
| WOLVERINE ASSET MANAGEMENT LLC 0.02% of their portfolio | 475.4k $1.0m | Unchanged |
| Verition Fund Management LLC 0.01% of their portfolio | 458.1k $980.3k | Added +70.3k |
| Swiss National Bank 0.00% of their portfolio | 453.1k $969.6k | Added +45.4k |
| UBS Group AG 0.00% of their portfolio | 418.3k $895.2k | Reduced -7.9m |
| Engineers Gate Manager LP 0.01% of their portfolio | 407.4k $871.8k | Added +349.2k |
| FEDERATED HERMES, INC. 0.00% of their portfolio | 403.4k $863.2k | Reduced -3.3k |
| Invesco Ltd. 0.00% of their portfolio | 371.5k $795.1k | Added +229.5k |
| Susquehanna Portfolio Strategies, LLC 0.02% of their portfolio | 349.1k $747.1k | New |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 336.2k $719.4k | Reduced -40.9k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 328.7k $703.4k | Added +327.1k |
| Legal & General Group Plc 0.00% of their portfolio | 300.9k $643.9k | Added +124.3k |
| Aquatic Capital Management LLC 0.01% of their portfolio | 290.1k $620.9k | Reduced -36.8k |
| READYSTATE ASSET MANAGEMENT LP 0.03% of their portfolio | 282.1k $603.7k | New |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 274.9k $588.3k | New |
| Allianz Asset Management GmbH 0.00% of their portfolio | 270.5k $578.8k | New |
| CITIGROUP INC 0.00% of their portfolio | 204.8k $438.3k | Added +4.9k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 195.5k $419.0k | Added +129.1k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 195.1k $417.5k | Added +16.3k |
| Rafferty Asset Management, LLC 0.00% of their portfolio | 183.7k $393.1k | Reduced -15.4k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 181.4k $388.1k | Added +166.9k |
| MHR FUND MANAGEMENT LLC 0.04% of their portfolio | 167.8k $359.1k | Unchanged |
| MetLife Investment Management, LLC 0.00% of their portfolio | 157.2k $336.4k | New |
| Jefferies Financial Group Inc. 0.01% of their portfolio | 155.0k $331.7k | Reduced -112.6k |
| Fiduciary Trust Co 0.00% of their portfolio | 154.1k $329.7k | Added +30.3k |
| AlTi Global, Inc. 0.01% of their portfolio | 150.0k $397.5k | Added +83.5k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 143.2k $306.5k | New |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 141.5k $302.8k | Added +88.8k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 131.2k $279.2k | Added +32.2k |
| INTECH INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 122.4k $261.9k | New |
| State of Wyoming 0.03% of their portfolio | 114.9k $245.9k | Added +67.8k |
| Lido Advisors, LLC 0.00% of their portfolio | 113.5k $242.8k | Unchanged |
| Man Group plc 0.00% of their portfolio | 101.7k $217.7k | Added +6.1k |
| PINNACLE ASSOCIATES LTD 0.00% of their portfolio | 101.7k $217.6k | Unchanged |
| NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio | 99.1k $212.1k | Reduced -200.0k |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 94.3k $200.4k | Unchanged |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 82.7k $177.0k | New |
| Calamos Advisors LLC 0.00% of their portfolio | 82.4k $176.3k | Unchanged |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio | 81.1k $173.5k | Added +39.3k |
| ARISTEIA CAPITAL, L.L.C. 0.00% of their portfolio | 79.7k $170.5k | Reduced -7.3k |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 72.7k $155.6k | New |
| Leonteq Securities AG 0.01% of their portfolio | 72.0k $154.1k | Unchanged |
| ARIZONA STATE RETIREMENT SYSTEM 0.00% of their portfolio | 69.2k $148.1k | Added +9.6k |