Alcoa
AA • NYSE
Alcoa is a aluminum company in the basic materials sector on NYSE, led by William F. Oplinger, with a market cap of $16.5B. As of Q3 2025, 72% of shares are held by 500 institutional investors, with VANGUARD GROUP INC as the largest holder at 9.73%.
CEOWilliam F. Oplinger
Market Cap$16.5B
Aluminum
Basic Materials
Employees13.6K
Websitealcoa.com
Country
United States of America
Overview
Overview of institutional ownership in AA as of Q3 2025 with a market cap of $8.5B
All Institutions
- Institutions
- 500
- Value Held
- $6.1B
- Shares Held
- 184.2M
- Avg Position
- $12.2M
- Median Position
- $436.4K
Hedge Funds
- Hedge Funds
- 56
- Value Held
- $609.0M
- Shares Held
- 18.5M
- Avg Position
- $10.9M
- Median Position
- $2.7M
Ownership Breakdown
Based on market cap of $8.5B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.
Biggest Investors
Institutions with the largest positions in AA as of Q3 2025
| Institution | Position Value |
|---|---|
 VANGUARD GROUP INC Institution | $828.8M 0.01% of portfolio |
 BlackRock, Inc. Institution | $783.7M 0.01% of portfolio |
 EAGLE CAPITAL MANAGEMENT LLC Long Only Manager | $539.2M 1.72% of portfolio |
 STATE STREET CORP Institution | $376.9M 0.01% of portfolio |
 DIMENSIONAL FUND ADVISORS LP Long Only Manager | $365.7M 0.08% of portfolio |
 GEODE CAPITAL MANAGEMENT LLC ETF Provider | $226.7M 0.01% of portfolio |
L L1 Capital Pty Ltd Institution | $219.7M 13.87% of portfolio |
 MORGAN STANLEY RIA/Wealth | $162.3M 0.01% of portfolio |
 JPMORGAN CHASE & CO Institution | $138.8M 0.01% of portfolio |
 UBS Group AG Institution | $111.0M 0.02% of portfolio |
Net Capital Flow
Institutional buying and selling activity for AA in Q3 2025
- Traded
- +$167.4M
- Buyers
- 272
- Sellers
- 194
- Total Bought
- +$676.6M
- Total Sold
- −$509.2M
- Avg Position
- $11.0M
Biggest Buyers
| Institution | Net Bought |
|---|---|
GEODE CAPITAL MANAGEMENT LLC ETF Provider | +$60.0M +1.7M shares |
DIMENSIONAL FUND ADVISORS LP Long Only Manager | +$43.5M +1.3M shares |
L L1 Capital Pty Ltd Institution | +$40.1M +1.1M shares |
M Man Group plc Institution | +$38.0M +1.2M shares |
 Encompass Capital Advisors LLC Hedge Fund•Long/Short | +$28.2M +857.2K shares |
 PANAGORA ASSET MANAGEMENT INC Hedge Fund•Quant | +$25.2M +766.6K shares |
STATE STREET CORP Institution | +$23.7M +721.1K shares |
B BW Gestao de Investimentos Ltda. Institution | +$22.7M +690.0K shares |
Q Qube Research & Technologies Ltd Institution | +$21.3M +647.1K shares |
S Squarepoint Ops LLC Hedge Fund•Quant | +$20.7M +629.2K shares |
Biggest Sellers
| Institution | Net Sold |
|---|---|
 Sourcerock Group LLC Hedge Fund•Long/Short | −$56.4M −1.7M shares |
 ARGA Investment Management, LP Long Only Manager | −$47.7M −1.5M shares |
A Assenagon Asset Management S.A. Institution | −$44.2M −1.5M shares |
 CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy | −$27.9M −849.8K shares |
MORGAN STANLEY RIA/Wealth | −$24.4M −741.8K shares |
 Drummond Knight Asset Management Pty Ltd Hedge Fund•Distressed | −$19.5M −591.7K shares |
 MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy | −$18.4M −556.9K shares |
 CITIGROUP INC Institution | −$16.9M −515.2K shares |
 Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy | −$16.6M −503.3K shares |
BlackRock, Inc. Institution | −$16.2M −491.5K shares |
Entry and Exit Activity
Institutions that initiated new positions or completely exited AA in Q3 2025
- New Positions
- 34
- New Value
- $9.1M
- Exited Positions
- 54
- Exited Value
- $121.5M
New Positions
| Institution | Position Value |
|---|---|
 Alphadyne Asset Management, LLC Hedge Fund•Global Macro | $2.5M 75.0K shares |
 Horizon Investments, LLC/SC Long Only Manager | $2.4M 73.6K shares |
S SIH Partners, LLLP Institution | $1.2M 37.0K shares |
O Old West Investment Management, LLC Hedge Fund•Multi-Strategy | $719.1K 21.9K shares |
 Beirne Wealth Consulting Services, LLC RIA/Wealth | $485.9K 14.8K shares |
 Aegis Wealth Management LLC RIA/Wealth | $329.2K 10.0K shares |
M MQS Management LLC Hedge Fund•Global Macro | $308.6K 9.4K shares |
 Consolidated Portfolio Review Corp RIA/Wealth | $297.7K 9.1K shares |
 LEIGH BALDWIN & CO., LLC RIA/Wealth | $254.0K 3.7K shares |
C CLS Investments, LLC Institution | $213.6K 6.5K shares |
Exited Positions
| Institution | Previous Position |
|---|---|
A Assenagon Asset Management S.A. Institution | $44.2M 1.5M shares |
S Senator Investment Group LP Institution | $12.5M 422.8K shares |
J J. Goldman & Co LP Hedge Fund•Multi-Strategy | $9.4M 317.7K shares |
 Bridgewater Associates, LP Hedge Fund•Global Macro | $7.7M 262.0K shares |
 Kailix Advisors LLC RIA/Wealth | $7.7M 260.4K shares |
T THOMIST CAPITAL MANAGEMENT, LP Hedge Fund•Long/Short | $7.4M 260.4K shares |
A AXA Institution | $7.3M 248.4K shares |
T TEXAS PERMANENT SCHOOL FUND Institution | $6.1M 205.8K shares |
 Arrow Capital Pty Ltd Hedge Fund•Market Neutral | $5.4M 120.0K shares |
 Engineers Gate Manager LP Hedge Fund•Quant | $1.6M 53.7K shares |
Options Activity
Institutions with the largest Call and Put options positions in AA as of Q3 2025
- Call Positions
- 34
- Call Value
- $410.6M
- Put Positions
- 33
- Put Value
- $443.1M
Call Positions
| Institution | Position Value |
|---|---|
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy | $82.3M 25.0K contracts |
M MASTERS CAPITAL MANAGEMENT LLC Hedge Fund•Long/Short | $65.8M 20.0K contracts |
 SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity | $63.0M 19.1K contracts |
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy | $45.5M 13.8K contracts |
 BANK OF AMERICA CORP /DE/ Institution | $28.2M 8.6K contracts |
J JANE STREET GROUP, LLC Institution | $17.0M 5.2K contracts |
UBS Group AG Institution | $12.4M 3.8K contracts |
 Walleye Trading LLC RIA/Wealth | $11.8M 3.6K contracts |
S Squarepoint Ops LLC Hedge Fund•Quant | $11.6M 3.5K contracts |
 BARCLAYS PLC Institution | $11.1M 3.4K contracts |
Put Positions
| Institution | Position Value |
|---|---|
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity | $111.5M 33.9K contracts |
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy | $74.8M 22.7K contracts |
J JANE STREET GROUP, LLC Institution | $41.3M 12.5K contracts |
BANK OF AMERICA CORP /DE/ Institution | $37.6M 11.4K contracts |
UBS Group AG Institution | $35.6M 10.8K contracts |
Walleye Trading LLC RIA/Wealth | $30.4M 9.2K contracts |
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage | $10.8M 3.3K contracts |
W WOLVERINE TRADING, LLC Institution | $10.3M 3.1K contracts |
BARCLAYS PLC Institution | $8.7M 2.6K contracts |
 BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy | $8.5M 2.6K contracts |
Most Committed Institutions
Institutions with AA as the highest % of their portfolio as of Q3 2025
| Institution | Portfolio Weight |
|---|---|
L L1 Capital Pty Ltd Institution | 13.87% $219.7M |
Drummond Knight Asset Management Pty Ltd Hedge Fund•Distressed | 9.36% $30.6M |
 Mountaineer Partners Management, LLC Hedge Fund•Long/Short | 5.67% $9.8M |
 Monaco Asset Management SAM RIA/Wealth | 3.21% $8.2M |
Sourcerock Group LLC Hedge Fund•Long/Short | 2.72% $40.0M |
L Lesa Sroufe & Co RIA/Wealth | 2.46% $2.5M |
 Global Alpha Capital Management Ltd. Long Only Manager | 2.44% $42.7M |
F Freemont Management S.A. Institution | 1.97% $2.5M |
B BW Gestao de Investimentos Ltda. Institution | 1.74% $22.7M |
EAGLE CAPITAL MANAGEMENT LLC Long Only Manager | 1.72% $539.2M |
Hedge Fund Spotlight
Discover hedge funds investing in AA
Hosking Partners LLP
Hedge Fund • Value
Portfolio ManagerLuke Robinson Orlando Bridgeman
- Portfolio Value
- $2.8B
- Positions
- 116
- Last Reported
- Q3 2025
Sector Allocation
Position in Alcoa
- Market Value
- $17.7M
- Shares Held
- 536.9K
- Portfolio Weight
- 0.64%
- Owned Since
- 2017-Q4
| Top Holding | Sector | Market Value | Weight |
|---|---|---|---|
Internet Content & Information Communication Services | $125.8M | 4.55% | |
Banks - Diversified Financial Services | $121.8M | 4.41% | |
Semiconductors Technology | $104.1M | 3.77% |
