HOWMET AEROSPACE INC HWM
COM · Common Stock · CUSIP 443201108 · ISIN US4432011082
American industrial company
- SectorMaterials
- IndustryRolling Drawing & Extruding of Nonferrous Metals
- HeadquartersPittsburgh, PA
- Founded2016
- Websitehowmet.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 ($303.9m this quarter). Holder counts are more reliable. Shares outstanding: 400.9m as of 2026-02-09, 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 ≈ $204.90. Options: 27 managers hold calls ($373.6m notional), 25 hold puts ($416.0m).
Trends to Q4 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 524 |
| Q4 2022 | 537 |
| Q1 2023 | 569 |
| Q2 2023 | 606 |
| Q3 2023 | 611 |
| Q4 2023 | 665 |
| Q1 2024 | 702 |
| Q2 2024 | 800 |
| Q3 2024 | 862 |
| Q4 2024 | 995 |
| Q1 2025 | 1,065 |
| Q2 2025 | 1,228 |
| Q3 2025 | 1,255 |
| Q4 2025 | 1,367 |
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 | 319 | 327 |
| Q2 2024 | 428 | 308 |
| Q3 2024 | 471 | 341 |
| Q4 2024 | 485 | 356 |
| Q1 2025 | 583 | 412 |
| Q2 2025 | 683 | 469 |
| Q3 2025 | 632 | 525 |
| Q4 2025 | 671 | 496 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $346.3m | $202.8m | 0.59 |
| Q2 2025 | $415.5m | $328.9m | 0.79 |
| Q3 2025 | $437.6m | $369.6m | 0.84 |
| Q4 2025 | $373.6m | $416.0m | 1.11 |
Biggest buyers
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +3.5m |
| Squarepoint Ops LLC | Added | +807.8k |
| GOLDMAN SACHS GROUP INC | Added | +600.3k |
| HSBC HOLDINGS PLC | Added | +585.0k |
| FRANKLIN RESOURCES INC | Added | +516.6k |
| FEDERATED HERMES, INC. | Added | +488.2k |
| AMERICAN CENTURY COMPANIES INC | Added | +473.4k |
| Qube Research & Technologies Ltd | New | +403.8k |
| STATE STREET CORP | Added | +400.8k |
| MILLENNIUM MANAGEMENT LLC | Added | +398.4k |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -29.7m |
| MACQUARIE GROUP LTD | Reduced | -2.9m |
| Capital World Investors | Reduced | -2.8m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Reduced | -1.8m |
| Newport Trust Company, LLC | Sold out | -972.8k |
| BlackRock, Inc. | Reduced | -918.0k |
| FMR LLC | Reduced | -762.0k |
| UBS Group AG | Reduced | -746.1k |
| Zurich Insurance Group Ltd/FI | Sold out | -677.6k |
| AMERIPRISE FINANCIAL INC | Reduced | -664.1k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $83.3m406.1k shares |
| CITADEL ADVISORS LLC | Reduced | $48.6m237.1k shares |
| PEAK6 LLC | Added | $32.9m160.6k shares |
| Point72 Asset Management, L.P. | New | $30.5m148.8k shares |
| IMC-Chicago, LLC | Reduced | $29.9m145.7k shares |
| Twin Tree Management, LP | Added | $27.8m135.5k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $15.2m74.0k shares |
| Squarepoint Ops LLC | Reduced | $12.6m61.6k shares |
| SCOPUS ASSET MANAGEMENT, L.P. | Reduced | $12.3m60.0k shares |
| JANE STREET GROUP, LLC | Reduced | $12.0m58.4k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $157.4m767.5k shares |
| CITADEL ADVISORS LLC | Added | $55.7m271.6k shares |
| IMC-Chicago, LLC | Added | $54.9m267.7k shares |
| JANE STREET GROUP, LLC | Added | $34.1m166.3k shares |
| Point72 Asset Management, L.P. | New | $27.3m133.3k shares |
| RH Tailwind Management, LLC | First filing | $14.4m70.0k shares |
| Twin Tree Management, LP | Reduced | $11.0m53.6k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $10.2m49.6k shares |
| GROUP ONE TRADING LLC | Added | $8.6m42.0k shares |
| Squarepoint Ops LLC | Reduced | $8.3m40.3k 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 +1.1 pts · filed 2025-10-17 | 8.9% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 7.5% |
Fell to 5% or below in the last year: JPMORGAN CHASE & CO (4.5%, 2026-07-22), VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
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 | — | 1 | $3.0m | — |
| Q2 2024 | 0 | — | 1 | $2.7m | — |
| Q3 2024 | 0 | — | 2 | $21.8m | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 1 | $902.9k | — |
| Q2 2025 | 0 | — | 3 | $130.5m | — |
| Q3 2025 | 0 | — | 1 | $2.4m | — |
| Q4 2025 | 0 | — | 0 | — | — |
None reported in Q4 2025.
Holders, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.15% of their portfolio | 48.9m $10.0bn | Reduced -202.2k |
| BlackRock, Inc. 0.16% of their portfolio | 47.2m $9.7bn | Reduced -918.0k |
| JPMORGAN CHASE & CO 0.38% of their portfolio | 27.7m $5.7bn | Reduced -29.7m |
| STATE STREET CORP 0.13% of their portfolio | 18.4m $3.8bn | Added +400.8k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.37% of their portfolio | 16.6m $3.4bn | Added +3.5m |
| FMR LLC 0.16% of their portfolio | 15.5m $3.2bn | Reduced -762.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.14% of their portfolio | 11.3m $2.3bn | Added +221.8k |
| BANK OF AMERICA CORP /DE/ 0.16% of their portfolio | 10.6m $2.2bn | Reduced -326.9k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.65% of their portfolio | 9.8m $2.0bn | Reduced -1.8m |
| NORGES BANK 0.19% of their portfolio | 8.7m $1.8bn | Not comparable |
| JANUS HENDERSON GROUP PLC 0.72% of their portfolio | 8.0m $1.6bn | Reduced -433.4k |
| Invesco Ltd. 0.14% of their portfolio | 7.3m $1.5bn | Reduced -52.1k |
| MORGAN STANLEY 0.07% of their portfolio | 5.5m $1.1bn | Added +39.9k |
| KENSICO CAPITAL MANAGEMENT CORP 18.34% of their portfolio | 5.3m $1.1bn | Unchanged |
| Bank of New York Mellon Corp 0.17% of their portfolio | 4.7m $966.3m | Added +35.1k |
| AMERICAN CENTURY COMPANIES INC 0.41% of their portfolio | 4.0m $810.1m | Added +473.4k |
| Nuveen, LLC 0.21% of their portfolio | 3.9m $802.0m | Added +336.1k |
| NORTHERN TRUST CORP 0.10% of their portfolio | 3.7m $758.4m | Reduced -60.4k |
| AMERIPRISE FINANCIAL INC 0.14% of their portfolio | 2.9m $601.0m | Reduced -664.1k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.46% of their portfolio | 2.9m $603.0m | Reduced -145.9k |
| GOLDMAN SACHS GROUP INC 0.08% of their portfolio | 2.8m $564.9m | Added +600.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.12% of their portfolio | 2.8m $564.3m | Added +323.2k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.80% of their portfolio | 2.6m $530.2m | First filing |
| TD Asset Management Inc 0.40% of their portfolio | 2.4m $497.7m | Reduced -94.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.08% of their portfolio | 2.4m $495.5m | Added +15.7k |
| Legal & General Group Plc 0.11% of their portfolio | 2.4m $495.5m | Reduced -98.9k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.72% of their portfolio | 2.3m $478.0m | Reduced -8.6k |
| CIBC Private Wealth Group LLC 0.78% of their portfolio | 2.2m $459.9m | Reduced -74.2k |
| WESTFIELD CAPITAL MANAGEMENT CO LP 1.90% of their portfolio | 2.2m $455.0m | Added +211.7k |
| BESSEMER GROUP INC 0.68% of their portfolio | 2.1m $440.7m | Reduced -117.9k |
| DEUTSCHE BANK AG\ 0.11% of their portfolio | 1.6m $337.8m | Reduced -138.3k |
| Winslow Capital Management, LLC 1.08% of their portfolio | 1.6m $322.7m | Reduced -42.8k |
| FEDERATED HERMES, INC. 0.53% of their portfolio | 1.6m $320.1m | Added +488.2k |
| UBS Group AG 0.06% of their portfolio | 1.6m $319.5m | Reduced -746.1k |
| Boston Partners 0.31% of their portfolio | 1.5m $299.3m | Reduced -520.6k |
| FRANKLIN RESOURCES INC 0.07% of their portfolio | 1.4m $294.0m | Added +516.6k |
| Capital Research Global Investors 0.05% of their portfolio | 1.4m $293.3m | Added +10.1k |
| ROYAL BANK OF CANADA 0.05% of their portfolio | 1.4m $286.0m | Reduced -289.5k |
| HSBC HOLDINGS PLC 0.08% of their portfolio | 1.4m $278.3m | Added +585.0k |
| VOYA INVESTMENT MANAGEMENT LLC 0.27% of their portfolio | 1.3m $270.3m | Added +71.2k |
| DIMENSIONAL FUND ADVISORS LP 0.06% of their portfolio | 1.3m $270.1m | Reduced -123.7k |
| Amundi 0.07% of their portfolio | 1.3m $258.8m | Added +112.6k |
| National Pension Service 0.18% of their portfolio | 1.2m $241.9m | Reduced -128.3k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.81% of their portfolio | 1.2m $236.9m | Reduced -69.5k |
| WELLINGTON MANAGEMENT GROUP LLP 0.04% of their portfolio | 1.2m $237.5m | Reduced -450.4k |
| AQR CAPITAL MANAGEMENT LLC 0.12% of their portfolio | 1.1m $231.9m | Reduced -97.0k |
| Swiss National Bank 0.13% of their portfolio | 1.0m $215.1m | Reduced -56.1k |
| NORDEA INVESTMENT MANAGEMENT AB 0.18% of their portfolio | 1.0m $213.5m | Reduced -364.2k |
| Squarepoint Ops LLC 0.43% of their portfolio | 1.0m $212.0m | Added +807.8k |
| California Public Employees Retirement System 0.11% of their portfolio | 972.0k $199.3m | Added +215.3k |
| CITIGROUP INC 0.13% of their portfolio | 963.2k $197.5m | Added +318.9k |
| MILLENNIUM MANAGEMENT LLC 0.14% of their portfolio | 944.8k $193.7m | Added +398.4k |
| Sumitomo Mitsui Trust Group, Inc. 0.11% of their portfolio | 943.9k $193.5m | Reduced -33.2k |
| AustralianSuper Pty Ltd 0.86% of their portfolio | 906.2k $185.8m | Reduced -341.7k |
| DSM CAPITAL PARTNERS LLC 2.65% of their portfolio | 873.7k $179.1m | Reduced -4.4k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.12% of their portfolio | 827.2k $175.1m | Added +35.7k |
| CONGRESS ASSET MANAGEMENT CO 1.16% of their portfolio | 806.0k $165.2m | Reduced -19.6k |
| RHUMBLINE ADVISERS 0.13% of their portfolio | 798.1k $163.6m | Reduced -7.7k |
| WELLS FARGO & COMPANY/MN 0.03% of their portfolio | 796.5k $163.3m | Added +68.2k |
| Clearbridge Investments, LLC 0.12% of their portfolio | 742.5k $152.2m | Added +85.6k |
| Capital World Investors 0.02% of their portfolio | 733.4k $150.4m | Reduced -2.8m |
| SEI INVESTMENTS CO 0.15% of their portfolio | 727.9k $149.2m | Reduced -85.7k |
| BARCLAYS PLC 0.06% of their portfolio | 713.8k $146.3m | Reduced -166.0k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.13% of their portfolio | 708.0k $145.1m | Added +9.8k |
| AGF MANAGEMENT LTD 0.62% of their portfolio | 692.2k $141.9m | Added +15.3k |
| NATIXIS ADVISORS, LLC 0.19% of their portfolio | 665.9k $136.5m | Added +13.9k |
| BNP PARIBAS FINANCIAL MARKETS 0.08% of their portfolio | 650.7k $133.4m | Reduced -160.6k |
| NEUBERGER BERMAN GROUP LLC 0.10% of their portfolio | 644.1k $132.1m | Added +38.8k |
| LORD, ABBETT & CO. LLC 0.40% of their portfolio | 633.1k $129.8m | Added +174.4k |
| RAYMOND JAMES FINANCIAL INC 0.04% of their portfolio | 618.4k $126.8m | Reduced -1.1k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.12% of their portfolio | 594.9k $122.0m | Reduced -5.5k |
| Allspring Global Investments Holdings, LLC 0.20% of their portfolio | 594.0k $125.8m | Reduced -30.5k |
| Thrivent Financial for Lutherans 0.21% of their portfolio | 591.4k $121.3m | Reduced -75.2k |
| ENVESTNET ASSET MANAGEMENT INC 0.03% of their portfolio | 538.6k $110.4m | Added +2.8k |
| Caisse de depot et placement du Quebec 0.18% of their portfolio | 531.6k $109.0m | Added +58.4k |
| FIRST TRUST ADVISORS LP 0.08% of their portfolio | 509.7k $104.5m | Added +173.3k |
| Hardman Johnston Global Advisors LLC 4.88% of their portfolio | 499.5k $102.4m | Reduced -2.9k |
| PRINCIPAL FINANCIAL GROUP INC 0.05% of their portfolio | 487.6k $100.0m | Added +11.6k |
| ALLIANCEBERNSTEIN L.P. 0.03% of their portfolio | 487.3k $99.9m | Reduced -40 |
| PANAGORA ASSET MANAGEMENT INC 0.35% of their portfolio | 482.7k $99.0m | Reduced -51.6k |
| DANSKE BANK A/S 0.23% of their portfolio | 482.5k $98.9m | Added +27.7k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.16% of their portfolio | 475.8k $96.9m | Added +36.2k |
| BANK OF MONTREAL /CAN/ 0.04% of their portfolio | 468.0k $95.9m | Added +63.3k |
| MENORA MIVTACHIM HOLDINGS LTD. 0.42% of their portfolio | 440.4k $90.3m | Unchanged |
| PRUDENTIAL FINANCIAL INC 0.11% of their portfolio | 438.9k $90.0m | Reduced -45.9k |
| Retirement Systems of Alabama 0.28% of their portfolio | 422.8k $86.7m | Reduced -462 |
| PFA Pension, Forsikringsaktieselskab 0.24% of their portfolio | 415.3k $86.3m | First filing |
| Qube Research & Technologies Ltd 0.12% of their portfolio | 403.8k $82.8m | New |
| STOREBRAND ASSET MANAGEMENT AS 0.22% of their portfolio | 401.4k $82.3m | Reduced -89.5k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.12% of their portfolio | 393.0k $80.6m | Reduced -53.6k |
| Quantinno Capital Management LP 0.16% of their portfolio | 390.7k $80.1m | Added +68.3k |
| Robeco Institutional Asset Management B.V. 0.11% of their portfolio | 383.5k $78.6m | Reduced -63.6k |
| TREMBLANT CAPITAL GROUP 1.96% of their portfolio | 374.2k $76.7m | New |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.13% of their portfolio | 347.9k $71.3m | Reduced -19.0k |
| Aberdeen Group plc 0.11% of their portfolio | 344.4k $70.6m | Reduced -4.0k |
| LPL Financial LLC 0.02% of their portfolio | 339.0k $69.5m | Reduced -39.0k |
| Freestone Grove Partners LP 0.49% of their portfolio | 331.1k $67.9m | Added +68.2k |
| JUPITER ASSET MANAGEMENT LTD 0.54% of their portfolio | 330.6k $67.8m | Reduced -111.4k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.13% of their portfolio | 329.0k $67.4m | Reduced -3.9k |
| AVIVA PLC 0.11% of their portfolio | 325.4k $66.7m | Added +17.2k |