Elliott Management’s Alcoa AA Stock Holding History

Quarter	Market Value	Status	Shares	Shares Change %	Trade Value	Portfolio Weight	Portfolio Position
2019 Q4	–	Hold	0	–	–	–	34
2019 Q3	–	Hold	0	–	–	–	35
2019 Q2	–	Hold	0	–	–	–	43
2018 Q1	–	Sell	-2,900,000	Closed	-$156M	–	51
2017 Q4	$156M	Sell	2,900,000 -5,425,000	-65%	-$292M	0.98%	14
2017 Q3	$388M	Sell	8,325,000 -3,412,457	-29%	-$159M	2.29%	11
2017 Q2	$383M	Buy	11,737,457 +1,500,000	+15%	+$49M	2.4%	8
2017 Q1	$352M	Hold	10,237,457	–	–	2.65%	6
2016 Q4	$287M	Sell	10,237,457 -67,362,543	-87%	-$1.89B	2.16%	8
2016 Q3	$787M	Hold	77,600,000	–	–	6.42%	2
2016 Q2	$719M	Hold	77,600,000	–	–	6.19%	3
2016 Q1	$743M	Buy	77,600,000 +10,500,000	+16%	+$101M	7.8%	3
2015 Q4	$662M	Buy	+67,100,000	New	+$662M	8.01%	3
2015 Q3	–	Hold	0	–	–	–	52