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 ($49.5k this quarter). Holder counts are more reliable. Shares outstanding: 470.5m as of 2026-02-06, 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 ≈ $1.65. Options: 7 managers hold calls ($2.6m notional), 3 hold puts ($107.7k).
Trends to Q4 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 |
| Q3 2025 | 172 |
| Q4 2025 | 176 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2024 | 60 | 94 |
| Q2 2024 | 66 | 86 |
| Q3 2024 | 75 | 81 |
| Q4 2024 | 64 | 72 |
| Q1 2025 | 70 | 55 |
| Q2 2025 | 95 | 61 |
| Q3 2025 | 79 | 79 |
| Q4 2025 | 84 | 88 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $1.7m | $284.3k | 0.17 |
| Q2 2025 | $3.2m | $219.1k | 0.07 |
| Q3 2025 | $4.0m | $286.4k | 0.07 |
| Q4 2025 | $2.6m | $107.7k | 0.04 |
Biggest buyers
| KING STREET CAPITAL MANAGEMENT, L.P. | Added | +4.0m |
| DEUTSCHE BANK AG\ | Added | +3.5m |
| MILLENNIUM MANAGEMENT LLC | Added | +3.4m |
| Empyrean Capital Partners, LP | Added | +1.9m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | Added | +1.9m |
| Silver Rock Financial LP | Added | +1.6m |
| CastleKnight Management LP | Added | +1.5m |
| CITADEL ADVISORS LLC | Added | +1.3m |
| Helix Partners Management LP | New | +1.2m |
| Saba Capital Management, L.P. | Added | +1.2m |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -10.3m |
| Diameter Capital Partners LP | Reduced | -6.6m |
| PRIMECAP MANAGEMENT CO/CA/ | Sold out | -4.9m |
| Apollo Management Holdings, L.P. | Reduced | -4.8m |
| ROYAL BANK OF CANADA | Reduced | -4.8m |
| NOMURA HOLDINGS INC | Reduced | -2.9m |
| SONA ASSET MANAGEMENT (US) LLC | Sold out | -2.6m |
| Bracebridge Capital, LLC | Reduced | -2.6m |
| COMPASS ROSE ASSET MANAGEMENT, LP | Reduced | -2.0m |
| P SCHOENFELD ASSET MANAGEMENT LP | Sold out | -1.8m |
Biggest calls
| LMR Partners LLP | Unchanged | $1.4m820.7k shares |
| Jefferies Financial Group Inc. | New | $432.1k261.9k shares |
| GROUP ONE TRADING LLC | Reduced | $259.2k157.1k shares |
| CITADEL ADVISORS LLC | Added | $205.4k124.5k shares |
| JANE STREET GROUP, LLC | Added | $179.2k108.6k shares |
| SIMPLEX TRADING, LLC | Reduced | $118.5k71.8k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $88.9k53.9k shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $76.4k46.3k shares |
| SIMPLEX TRADING, LLC | Reduced | $17.5k10.6k shares |
| GROUP ONE TRADING LLC | Reduced | $13.9k8.4k 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 Q4 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 |
|---|---|---|---|---|---|
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 1 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 1 | $5.5m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-12-10 | Goei Dexter Director | Sold | $1.8m1.0m shares |
| 2025-12-09 | Goei Dexter Director | Sold | $899.8k514.2k shares |
| 2025-12-05 | Goei Dexter Director | Sold | $664.2k349.6k shares |
| 2025-12-04 | Goei Dexter Director | Sold | $209.2k109.5k shares |
| 2025-12-03 | Goei Dexter Director | Sold | $217.4k114.4k shares |
| 2025-12-02 | Goei Dexter Director | Sold | $61.2k32.2k shares |
| 2025-12-01 | Goei Dexter Director | Sold | $355.0k184.9k shares |
| 2025-11-26 | Goei Dexter Director | Sold | $1.3m695.2k 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, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.00% of their portfolio | 27.9m $46.0m | Added +476.0k |
| Empyrean Capital Partners, LP 1.44% of their portfolio | 25.0m $41.3m | Added +1.9m |
| BlackRock, Inc. 0.00% of their portfolio | 20.4m $33.7m | Added +1.2m |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 16.4m $27.1m | Added +3.5m |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 14.8m $24.5m | Added +3.4m |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 9.5m $15.7m | Added +71.8k |
| REDWOOD CAPITAL MANAGEMENT, LLC 1.45% of their portfolio | 8.2m $13.5m | Unchanged |
| KING STREET CAPITAL MANAGEMENT, L.P. 1.83% of their portfolio | 8.0m $13.3m | Added +4.0m |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 7.6m $12.5m | Added +592.3k |
| OAKTREE CAPITAL MANAGEMENT LP 0.20% of their portfolio | 7.5m $12.4m | Unchanged |
| NOMURA HOLDINGS INC 0.03% of their portfolio | 7.4m $12.2m | Reduced -2.9m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 7.4m $12.2m | Added +1.9m |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 7.3m $12.1m | Reduced -10.3m |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 6.3m $10.3m | Added +47.0k |
| Hudson Bay Capital Management LP 0.06% of their portfolio | 6.2m $10.3m | Reduced -500.0k |
| STATE STREET CORP 0.00% of their portfolio | 6.2m $10.2m | Added +411.3k |
| Apollo Management Holdings, L.P. 0.10% of their portfolio | 6.1m $10.1m | Reduced -4.8m |
| CARRONADE CAPITAL MANAGEMENT, LP 0.91% of their portfolio | 6.0m $9.9m | Added +247.0k |
| CastleKnight Management LP 0.48% of their portfolio | 5.1m $8.4m | Added +1.5m |
| LOOMIS SAYLES & CO L P 0.01% of their portfolio | 5.1m $8.4m | Reduced -7.3k |
| Senator Investment Group LP 0.33% of their portfolio | 5.0m $8.2m | Not comparable |
| FOURSIXTHREE CAPITAL LP 3.22% of their portfolio | 4.6m $7.7m | Added +583.9k |
| NORGES BANK 0.00% of their portfolio | 4.6m $7.6m | Not comparable |
| MORGAN STANLEY 0.00% of their portfolio | 4.3m $7.1m | Added +140.6k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 4.0m $6.5m | Reduced -1.0m |
| Cerberus Capital Management, L.P. 0.25% of their portfolio | 3.9m $6.5m | Unchanged |
| Mount Capital Ltd 2.59% of their portfolio | 3.9m $6.4m | Unchanged |
| ARES MANAGEMENT LLC 0.33% of their portfolio | 3.5m $5.9m | Unchanged |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 3.3m $5.4m | Added +1.3m |
| Diameter Capital Partners LP 0.55% of their portfolio | 3.2m $5.3m | Reduced -6.6m |
| Bracebridge Capital, LLC 1.88% of their portfolio | 3.1m $5.2m | Reduced -2.6m |
| 140 Summer Partners LP 0.40% of their portfolio | 3.1m $5.1m | Reduced -64.1k |
| Silver Rock Financial LP 8.26% of their portfolio | 2.8m $4.6m | Added +1.6m |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 2.7m $4.4m | Reduced -300.2k |
| Kite Lake Capital Management (UK) LLP 8.04% of their portfolio | 2.5m $4.1m | Not comparable |
| Paloma Partners Management Co 1.33% of their portfolio | 2.3m $3.9m | Added +100.0k |
| HG Vora Capital Management, LLC 1.43% of their portfolio | 2.3m $3.8m | Reduced -800.0k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 2.0m $3.3m | Reduced -164.2k |
| Point72 Asset Management, L.P. 0.00% of their portfolio | 1.9m $3.1m | Added +701.2k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 1.7m $2.8m | Reduced -4.8m |
| Saba Capital Management, L.P. 0.08% of their portfolio | 1.4m $2.2m | Added +1.2m |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 1.3m $2.2m | Added +343.1k |
| Helix Partners Management LP 1.27% of their portfolio | 1.2m $2.1m | New |
| UBS Group AG 0.00% of their portfolio | 1.2m $2.0m | Added +347.9k |
| MHR FUND MANAGEMENT LLC 0.15% of their portfolio | 1.1m $1.8m | Added +903.0k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.0m $1.7m | Added +727.4k |
| Rokos Capital Management LLP 0.02% of their portfolio | 1.0m $1.7m | New |
| READYSTATE ASSET MANAGEMENT LP 0.07% of their portfolio | 995.2k $1.6m | Added +978.7k |
| BW Gestao de Investimentos Ltda. 0.06% of their portfolio | 980.8k $1.6m | New |
| LMR Partners LLP 0.02% of their portfolio | 978.0k $1.6m | Added +478.0k |
| MACKENZIE FINANCIAL CORP 0.00% of their portfolio | 928.8k $1.5m | Added +128.3k |
| DARK FOREST CAPITAL MANAGEMENT LP 0.07% of their portfolio | 888.9k $1.5m | Reduced -862.8k |
| SHENKMAN CAPITAL MANAGEMENT INC 0.15% of their portfolio | 863.2k $1.4m | Reduced -938.1k |
| Alta Fundamental Advisers LLC 0.58% of their portfolio | 750.0k $1.2m | New |
| Bank of New York Mellon Corp 0.00% of their portfolio | 717.5k $1.2m | Reduced -40.6k |
| OPTIMIZE FINANCIAL INC. 0.56% of their portfolio | 671.3k $1.1m | Added +9.7k |
| Taconic Capital Advisors LP 0.40% of their portfolio | 662.8k $1.1m | Reduced -376.7k |
| Nuveen, LLC 0.00% of their portfolio | 571.8k $943.4k | Reduced -75.0k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 552.7k $911.9k | Added +28.5k |
| COMPASS ROSE ASSET MANAGEMENT, LP 0.27% of their portfolio | 500.0k $825.0k | Reduced -2.0m |
| PEAK6 LLC 0.01% of their portfolio | 485.2k $800.6k | New |
| WOLVERINE ASSET MANAGEMENT LLC 0.01% of their portfolio | 475.4k $784.5k | Unchanged |
| Swiss National Bank 0.00% of their portfolio | 467.2k $770.9k | Unchanged |
| Invesco Ltd. 0.00% of their portfolio | 446.1k $736.1k | Added +10.8k |
| Mitsubishi UFJ Trust & Banking Corp 0.00% of their portfolio | 441.6k $728.6k | Reduced -177.9k |
| Verition Fund Management LLC 0.00% of their portfolio | 440.3k $726.5k | Reduced -60.7k |
| BARCLAYS PLC 0.00% of their portfolio | 427.4k $705.2k | Added +52.6k |
| Corient Private Wealth LP 0.00% of their portfolio | 422.1k $696.5k | New |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 394.6k $651.2k | Added +181.8k |
| Allianz Asset Management GmbH 0.00% of their portfolio | 302.6k $499.3k | Added +30.9k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 275.5k $454.6k | Reduced -47.8k |
| J. Goldman & Co LP 0.02% of their portfolio | 275.0k $453.8k | New |
| Legal & General Group Plc 0.00% of their portfolio | 264.2k $436.0k | Reduced -1.5k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 258.7k $426.9k | Added +163.4k |
| FEDERATED HERMES, INC. 0.00% of their portfolio | 250.6k $413.6k | Added +59.7k |
| Susquehanna Portfolio Strategies, LLC 0.01% of their portfolio | 243.7k $402.1k | Reduced -99.8k |
| Jefferies Financial Group Inc. 0.00% of their portfolio | 243.6k $401.9k | Reduced -46.4k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 243.3k $401.5k | Reduced -233 |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 236.5k $390.2k | Reduced -38.4k |
| Sentinel Dome Partners, LLC 0.22% of their portfolio | 200.0k $330.0k | First filing |
| XTX Topco Ltd 0.01% of their portfolio | 199.4k $329.0k | New |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 195.5k $323.0k | Unchanged |
| AlTi Global, Inc. 0.01% of their portfolio | 150.0k $247.5k | Unchanged |
| CANADA PENSION PLAN INVESTMENT BOARD 0.00% of their portfolio | 131.4k $216.8k | Added +78.4k |
| Aquatic Capital Management LLC 0.01% of their portfolio | 125.3k $206.7k | Added +10.1k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 121.4k $200.3k | Reduced -1.3k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio | 119.0k $196.4k | Added +37.9k |
| Eos Management, L.P. 0.04% of their portfolio | 117.6k $194.0k | Added +58.8k |
| Lido Advisors, LLC 0.00% of their portfolio | 113.5k $273.6k | Unchanged |
| CITIGROUP INC 0.00% of their portfolio | 110.6k $182.6k | Reduced -13.7k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 108.7k $179.3k | Reduced -1.5m |
| MetLife Investment Management, LLC 0.00% of their portfolio | 104.3k $172.1k | Reduced -37.3k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 103.2k $170.3k | Reduced -17.6k |
| PINNACLE ASSOCIATES LTD 0.00% of their portfolio | 101.9k $168.1k | Added +215 |
| Quantbot Technologies LP 0.01% of their portfolio | 96.0k $158.5k | Reduced -71.1k |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 94.3k $156.1k | Unchanged |
| INTECH INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 92.6k $152.8k | Unchanged |
| MIRABELLA FINANCIAL SERVICES LLP 0.01% of their portfolio | 90.0k $148.5k | New |
| KLP KAPITALFORVALTNING AS 0.00% of their portfolio | 88.5k $146.0k | Added +44.8k |
| Calamos Advisors LLC 0.00% of their portfolio | 82.4k $136.0k | Unchanged |