Kaiser Aluminum

KALU • NASDAQ

Kaiser Aluminum is a aluminum company in the basic materials sector on NASDAQ, led by Keith A. Harvey, with a market cap of $1.8B. As of Q3 2025, 96% of shares are held by 208 institutional investors, with BlackRock, Inc. as the largest holder at 18.71%.

Chief Executive OfficerKeith A. Harvey

Market Cap$1.8B

Aluminum

Basic Materials

Employees4.0K

Websitekaiseraluminum.com

Country

United States of America

Overview

Overview of institutional ownership in KALU as of Q3 2025 with a market cap of $1.2B

All Institutions

Institutions: 208
Value Held: $1.2B
Shares Held: 15.6M
Avg Position: $5.8M
Median Position: $396.9K

Hedge Funds

Hedge Funds: 17
Value Held: $19.9M
Shares Held: 258.3K
Avg Position: $1.2M
Median Position: $493.8K

Ownership Breakdown

Institutional (non-HF)

94.54%

$1.2B

Hedge Funds

1.6%

$19.9M

Retail & Other

3.86%

$48.2M

Based on market cap of $1.2B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in KALU as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$233.5M 0.00% of portfolio	18.71% 3.0M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$163.0M 0.00% of portfolio	13.05% 2.1M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$89.0M 0.00% of portfolio	7.13% 1.2M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
M MACQUARIE GROUP LTD Institution	-	$78.0M 0.09% of portfolio	6.25% 1.0M shares	≤ Q2 2013 Held for 12y 5m+	$82.9B
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$63.1M 0.01% of portfolio	5.05% 817.7K shares	≤ Q2 2013 Held for 12y 5m+	$466.32B
BARROW HANLEY MEWHINNEY & STRAUSS LLC Long Only Manager	Cory Lawrence Martin CEO	$59.6M 0.19% of portfolio	4.78% 772.8K shares	Q2 2022 Held for 3y 5m	$31.4B
A AMERICAN CENTURY COMPANIES INC Institution	-	$45.4M 0.02% of portfolio	3.64% 588.7K shares	Q4 2017 Held for 7y 11m	$195.93B
WELLINGTON MANAGEMENT CO LLP Long Only Manager	Jean Marie Hynes CEO	$38.8M 0.01% of portfolio	3.11% 502.4K shares	Q1 2024 Held for 1y 8m	$571.21B
Tributary Capital Management, LLC Long Only Manager	Mark Alan Wynegar President	$38.6M 1.83% of portfolio	3.09% 500.4K shares	Q1 2020 Held for 5y 8m	$2.1B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$30.8M 0.00% of portfolio	2.47% 399.2K shares	≤ Q2 2013 Held for 12y 5m+	$1.57T

Net Capital Flow

Institutional buying and selling activity for KALU in Q3 2025

Traded: +$14.9M
Buyers: 104
Sellers: 100
Total Bought: +$74.3M
Total Sold: −$59.4M
Avg Position: $5.2M

Biggest Buyers

Institution	Net Bought	Current Position
Tributary Capital Management, LLC Long Only Manager	+$18.6M +240.5K shares	$38.6M 500.4K shares
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC Long Only Manager	+$13.1M +169.9K shares	$13.1M 169.9K shares
A AMERICAN CENTURY COMPANIES INC Institution	+$4.1M +52.5K shares	$45.4M 588.7K shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	+$3.6M +46.3K shares	$5.4M 70.3K shares
INTECH INVESTMENT MANAGEMENT LLC Long Only Manager	+$2.7M +34.6K shares	$5.3M 68.1K shares
D DEPRINCE RACE & ZOLLO INC Long Only Manager	+$2.5M +31.9K shares	$2.5M 31.9K shares
R Russell Investments Group, Ltd. RIA/Wealth	+$2.2M +28.9K shares	$3.3M 42.7K shares
MORGAN STANLEY RIA/Wealth	+$1.8M +23.9K shares	$15.9M 205.6K shares
GOLDMAN SACHS GROUP INC Institution	+$1.8M +23.5K shares	$6.6M 84.9K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$1.6M +21.1K shares	$1.6M 21.1K shares

Biggest Sellers

Institution	Net Sold	Current Position
BARROW HANLEY MEWHINNEY & STRAUSS LLC Long Only Manager	−$7.7M −100.0K shares	$59.6M 772.8K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$3.7M −46.0K shares	Sold Off 0 shares
SummitTX Capital, L.P. Hedge Fund•Multi-Strategy	−$3.3M −41.6K shares	Sold Off 0 shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	−$3.2M −41.9K shares	$493.8K 6.4K shares
B Bastion Asset Management Inc. Institution	−$3.0M −38.8K shares	Sold Off 0 shares
UBS Group AG Institution	−$2.4M −31.3K shares	$6.2M 80.6K shares
Trexquant Investment LP Hedge Fund•Quant	−$2.4M −29.9K shares	Sold Off 0 shares
T TEXAS PERMANENT SCHOOL FUND Institution	−$2.3M −28.8K shares	Sold Off 0 shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	−$2.1M −26.3K shares	Sold Off 0 shares
RAYMOND JAMES FINANCIAL INC RIA/Wealth	−$1.9M −24.7K shares	$4.5M 57.8K shares

Entry and Exit Activity

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

New Positions: 10
New Value: $1.6M
Exited Positions: 20
Exited Value: $23.2M

New Positions

Institution	Position Value
B Bright Futures Wealth Management, LLC. RIA/Wealth	$908.0K 11.8K shares
ARISTEIA CAPITAL LLC Hedge Fund•Multi-Strategy	$270.4K 3.5K shares
D DRW Securities, LLC Institution	$216.8K 2.8K shares
C CAXTON ASSOCIATES LLP Institution	$204.9K 2.7K shares
FIRST HORIZON NATIONAL CORP RIA/Wealth	$27.1K 351.0 shares
Triumph Capital Management RIA/Wealth	$7.7K 100.0 shares
O Optiver Holding B.V. Institution	$5.7K 74.0 shares
S Salomon & Ludwin, LLC Institution	$4.9K 62.0 shares
R Retirement Wealth Solutions LLC RIA/Wealth	$618.0 8.0 shares
Tortoise Investment Management, LLC RIA/Wealth	$77.0 1.0 shares

Exited Positions

Institution	Previous Position
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$3.7M 46.0K shares
SummitTX Capital, L.P. Hedge Fund•Multi-Strategy	$3.3M 41.6K shares
B Bastion Asset Management Inc. Institution	$3.0M 38.8K shares
Trexquant Investment LP Hedge Fund•Quant	$2.4M 29.9K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$2.3M 28.8K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$2.1M 26.3K shares
Marshall Wace LLP Institution	$1.3M 16.8K shares
T TrueMark Investments, LLC Institution	$1.3M 16.5K shares
JACOBS LEVY EQUITY MANAGEMENT, INC Hedge Fund•Quant	$1.2M 14.9K shares
D D. E. Shaw & Co., Inc. Institution	$975.2K 12.2K shares

Options Activity

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

Call Positions: 2
Call Value: $424.4K
Put Positions: 2
Put Value: $648.1K

Call Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$401.2K 52.0 contracts
Walleye Trading LLC RIA/Wealth	$23.1K 3.0 contracts

Put Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$324.1K 42.0 contracts
Walleye Trading LLC RIA/Wealth	$324.1K 42.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
ICON ADVISERS INC/CO Long Only Manager	Brian Thomas Callahan President	1.93% $8.6M	0.69% 111.4K shares	Q2 2023 Held for 2y 5m	$445.1M
Tributary Capital Management, LLC Long Only Manager	Mark Alan Wynegar President	1.83% $38.6M	3.09% 500.4K shares	Q1 2020 Held for 5y 8m	$2.1B
THIRD AVENUE MANAGEMENT LLC Long Only Manager	Michael Anthony Buono CFO	1.32% $7.0M	0.55% 89.5K shares	≤ Q2 2013 Held for 12y 5m+	$532.7M
WINSLOW ASSET MANAGEMENT INC Long Only Manager	Timothy Seth Goldberg CEO	1.10% $5.9M	0.47% 75.9K shares	≤ Q2 2013 Held for 12y 5m+	$532.7M
B Bright Futures Wealth Management, LLC. RIA/Wealth	Keith Edward Condemi Managing Partner	0.73% $908.0K	0.07% 11.8K shares	Q3 2025 Held for 2 months	$124.9M
Jackson Creek Investment Advisors LLC Long Only Manager	Mark Frederick Jaeger Managing Partner	0.55% $1.9M	0.15% 24.7K shares	Q2 2025 Held for 5 months	$345.2M
1492 Capital Management LLC Long Only Manager	Joseph Anthony Frohna Managing Partner	0.52% $1.3M	0.10% 16.9K shares	Q2 2025 Held for 5 months	$249.8M
SYSTEMATIC FINANCIAL MANAGEMENT LP Long Only Manager	Kenneth Burgess CIO	0.50% $20.4M	1.63% 264.0K shares	≤ Q2 2013 Held for 12y 5m+	$4.1B
NFJ INVESTMENT GROUP, LLC Long Only Manager	George Robert Aylward CEO	0.34% $9.8M	0.79% 127.6K shares	Q1 2021 Held for 4y 8m	$2.9B
B BRIDGEWAY CAPITAL MANAGEMENT INC Long Only Manager	John Noland Ryan Montgomery CEO	0.20% $9.3M	0.74% 119.9K shares	Q4 2024 Held for 11 months	$4.7B

Hedge Fund Spotlight

Discover hedge funds investing in KALU

ALGERT COLDIRON INVESTORS LLC

Hedge Fund • Quant

Portfolio ManagerRyan Zentner Lafond

Portfolio Value: $6.0B
Positions: 1,110
Last Reported: Q3 2025

Sector Allocation

Position in Kaiser Aluminum

Market Value: $3.5M
Shares Held: 45.8K
Portfolio Weight: 0.06%
Owned Since: 2023-Q1

Top Holding	Sector	Market Value	Weight
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2 Mueller Industries MLI	Manufacturing - Metal Fabrication Industrials	$38.9M	0.65%
3 Credo Technology Group Holding Ltd CRDO	Communication Equipment Technology	$38.7M	0.64%