ALLETE

ALE • NYSE

ALLETE is a diversified utilities company in the utilities sector on NYSE, led by Bethany M. Owen, with a market cap of $3.9B. As of Q3 2025, 73% of shares are held by 346 institutional investors, with BlackRock, Inc. as the largest holder at 13.45%.

Chief Executive OfficerBethany M. Owen

Market Cap$3.9B

Diversified Utilities

Utilities

Employees1.6K

Websiteallete.com

Country

United States of America

Overview

Overview of institutional ownership in ALE as of Q3 2025 with a market cap of $3.9B

All Institutions

Institutions: 346
Value Held: $2.8B
Shares Held: 42.5M
Avg Position: $8.2M
Median Position: $776.9K

Hedge Funds

Hedge Funds: 45
Value Held: $526.5M
Shares Held: 7.9M
Avg Position: $11.7M
Median Position: $3.6M

Ownership Breakdown

Institutional (non-HF)

59.55%

$2.3B

Hedge Funds

13.66%

$526.5M

Retail & Other

26.79%

$1.0B

Based on market cap of $3.9B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in ALE as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$518.3M 0.01% of portfolio	13.45% 7.8M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$417.4M 0.01% of portfolio	10.83% 6.3M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$149.4M 0.01% of portfolio	3.88% 2.2M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$97.7M 0.01% of portfolio	2.54% 1.5M shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
CNH PARTNERS LLC Hedge Fund•Multi-Strategy	Herbert James Willcox CCO	$91.1M 3.39% of portfolio	2.36% 1.4M shares	Q2 2024 Held for 1y 5m	$2.7B
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	Dmitry Balyasny CIO	$64.8M 0.13% of portfolio	1.68% 975.8K shares	Q2 2023 Held for 2y 5m	$48.1B
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$63.9M 0.01% of portfolio	1.66% 961.9K shares	≤ Q2 2013 Held for 12y 5m+	$466.32B
Melqart Asset Management Ltd Hedge Fund•Multi-Strategy	Michel Nmn Massoud CEO	$52.2M 6.82% of portfolio	1.36% 786.8K shares	Q4 2024 Held for 11 months	$766.2M
SCHWAB CHARLES INVESTMENT MANAGEMENT INC Long Only Manager	Omar Aguilar Chavez CEO	$50.0M 0.01% of portfolio	1.30% 753.4K shares	≤ Q2 2013 Held for 12y 5m+	$620.51B
Invesco Ltd. ETF Provider	Brian Christopher Hartigan CEO	$46.8M 0.01% of portfolio	1.22% 705.2K shares	≤ Q2 2013 Held for 12y 5m+	$633.08B

Net Capital Flow

Institutional buying and selling activity for ALE in Q3 2025

Traded: +$8.0M
Buyers: 180
Sellers: 150
Total Bought: +$351.5M
Total Sold: −$343.5M
Avg Position: $7.3M

Biggest Buyers

Institution	Net Bought	Current Position
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$54.5M +820.8K shares	$64.8M 975.8K shares
L LMR Partners LLP Institution	+$21.3M +320.1K shares	$22.9M 345.6K shares
VOLORIDGE INVESTMENT MANAGEMENT, LLC Hedge Fund•Multi-Strategy	+$17.2M +258.8K shares	$24.2M 363.8K shares
A ADAGE CAPITAL PARTNERS GP LLC Institution	+$14.0M +211.6K shares	$14.0M 211.6K shares
H HRT FINANCIAL LLC Institution	+$12.6M +189.6K shares	$13.4M 202.5K shares
Invesco Ltd. ETF Provider	+$12.3M +185.5K shares	$46.8M 705.2K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	+$11.2M +169.2K shares	$23.5M 353.8K shares
S Sand Grove Capital Management LLP Hedge Fund•Event Driven	+$11.2M +168.5K shares	$11.2M 168.5K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$10.0M +150.3K shares	$44.6M 671.8K shares
Energy Income Partners, LLC Long Only Manager	+$9.6M +144.7K shares	$14.7M 222.1K shares

Biggest Sellers

Institution	Net Sold	Current Position
Q Qube Research & Technologies Ltd Institution	−$59.2M −924.1K shares	Sold Off 0 shares
H HIGHBRIDGE CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$57.5M −898.1K shares	Sold Off 0 shares
C CAXTON ASSOCIATES LLP Institution	−$22.9M −345.2K shares	$21.8M 328.0K shares
A Absolute Gestao de Investimentos Ltda. Institution	−$17.5M −273.8K shares	Sold Off 0 shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	−$12.3M −185.2K shares	$7.4M 112.0K shares
Aristotle Capital Boston, LLC Long Only Manager	−$10.6M −165.4K shares	Sold Off 0 shares
CNH PARTNERS LLC Hedge Fund•Multi-Strategy	−$10.3M −155.7K shares	$91.1M 1.4M shares
R ROYAL BANK OF CANADA Institution	−$9.6M −144.0K shares	$17.4M 262.5K shares
STATE OF WISCONSIN INVESTMENT BOARD RIA/Wealth	−$9.0M −135.2K shares	$9.7M 145.9K shares
Advisors Preferred, LLC Institution	−$8.3M −128.3K shares	Sold Off 0 shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited ALE in Q3 2025

New Positions: 28
New Value: $45.1M
Exited Positions: 42
Exited Value: $187.5M

New Positions

Institution	Position Value
S Sand Grove Capital Management LLP Hedge Fund•Event Driven	$11.2M 168.5K shares
Phocas Financial Corp. Long Only Manager	$7.1M 106.8K shares
Q Quantessence Capital LLC Hedge Fund•Quant	$6.2M 94.0K shares
Westchester Capital Management, LLC Hedge Fund•Merger Arb	$5.6M 84.1K shares
FARALLON CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	$5.0M 75.0K shares
G GARDNER LEWIS ASSET MANAGEMENT L P Hedge Fund•Multi-Strategy	$1.9M 28.1K shares
V Vazirani Asset Management LLC Institution	$1.8M 27.5K shares
Weiss Asset Management LP Hedge Fund•Multi-Strategy	$1.7M 25.9K shares
V Vestcor Investment Management Corp Institution	$967.0K 14.6K shares
MIDLAND WEALTH ADVISORS LLC RIA/Wealth	$935.1K 14.1K shares

Exited Positions

Institution	Previous Position
Q Qube Research & Technologies Ltd Institution	$59.2M 924.1K shares
H HIGHBRIDGE CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	$57.5M 898.1K shares
A Absolute Gestao de Investimentos Ltda. Institution	$17.5M 273.8K shares
Aristotle Capital Boston, LLC Long Only Manager	$10.6M 165.4K shares
Advisors Preferred, LLC Institution	$8.3M 128.3K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$4.6M 72.1K shares
Polar Securities Inc. Hedge Fund•Multi-Strategy	$3.5M 55.0K shares
E Eisler Capital Management Ltd. Institution	$3.5M 54.2K shares
K Keebeck Alpha, LP Hedge Fund	$2.4M 38.1K shares
Atom Investors LP Hedge Fund•Market Neutral	$2.1M 32.6K shares

Options Activity

Institutions with the largest Call and Put options positions in ALE as of Q3 2025

Call Positions: 3
Call Value: $4.0M
Put Positions: 8
Put Value: $30.8M

Call Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$2.5M 380.0 contracts
Walleye Trading LLC RIA/Wealth	$996.0K 150.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$517.9K 78.0 contracts

Put Positions

Institution	Position Value
M Man Group plc Institution	$10.7M 1.6K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$6.4M 960.0 contracts
Centiva Capital, LP Hedge Fund•Multi-Strategy	$5.0M 748.0 contracts
Caption Management, LLC Hedge Fund•Long/Short	$4.8M 720.0 contracts
C CSS LLC/IL Institution	$3.6M 544.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$265.6K 40.0 contracts
Walleye Trading LLC RIA/Wealth	$66.4K 10.0 contracts
E EQUITEC PROPRIETARY MARKETS, LLC Institution	$13.3K 2.0 contracts

Most Committed Institutions

Institutions with ALE as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Melqart Asset Management Ltd Hedge Fund•Multi-Strategy	Michel Nmn Massoud CEO	6.82% $52.2M	1.36% 786.8K shares	Q4 2024 Held for 11 months	$766.2M
V Vazirani Asset Management LLC Institution	-	6.53% $1.8M	0.05% 27.5K shares	Q3 2025 Held for 2 months	$28.0M
S Sand Grove Capital Management LLP Hedge Fund•Event Driven	Daniel Caplan CEO	5.47% $11.2M	0.29% 168.5K shares	Q3 2025 Held for 2 months	$204.7M
CNH PARTNERS LLC Hedge Fund•Multi-Strategy	Herbert James Willcox CCO	3.39% $91.1M	2.36% 1.4M shares	Q2 2024 Held for 1y 5m	$2.7B
GABELLI SECURITIES INC Hedge Fund•Multi-Strategy	Patrick Bernard Huvane CEO	2.60% $15.8M	0.41% 238.6K shares	Q2 2024 Held for 1y 5m	$610.0M
ALPINE ASSOCIATES MANAGEMENT INC. Hedge Fund•Merger Arb	Robert Emil Zoellner CEO	2.11% $34.5M	0.90% 520.0K shares	Q2 2024 Held for 1y 5m	$1.6B
Q Quantessence Capital LLC Hedge Fund•Quant	Amit Manwani CEO	1.97% $6.2M	0.16% 94.0K shares	Q3 2025 Held for 2 months	$316.3M
C CREDIT INDUSTRIEL ET COMMERCIAL Institution	-	1.94% $8.6M	0.22% 128.8K shares	Q2 2025 Held for 5 months	$440.6M
H HARVEST MANAGEMENT LLC Hedge Fund•Event Driven	Nathaniel Lee Bohrer Managing Partner	1.63% $3.3M	0.09% 49.8K shares	Q4 2024 Held for 11 months	$203.3M
K Kapitalo Investimentos Ltda Institution	-	1.44% $7.7M	0.20% 115.3K shares	Q4 2024 Held for 11 months	$533.2M

Hedge Fund Spotlight

Discover hedge funds investing in ALE

TWO SIGMA ADVISERS, LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerScott David Hoffman

Portfolio Value: $50.0B
Positions: 2,312
Last Reported: Q3 2025

Sector Allocation

Position in ALLETE

Market Value: $3.9M
Shares Held: 58.2K
Portfolio Weight: 0.01%
Owned Since: 2022-Q2

Top Holding	Sector	Market Value	Weight
1 Nvidia NVDA	Semiconductors Technology	$1.5B	3.07%
2 Microsoft MSFT	Software - Infrastructure Technology	$1.5B	3.03%
3 Apple AAPL	Consumer Electronics Technology	$1.4B	2.79%