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Alcoa
AA

384 hedge funds and large institutions have $2.99B invested in Alcoa in 2016 Q4 according to their latest regulatory filings, with 121 funds opening new positions, 32 increasing their positions, 231 reducing their positions, and 249 closing their positions.

New
Increased
Maintained
Reduced
Closed

48% more call options, than puts

Call options by funds: $92.7M | Put options by funds: $62.9M

30.56% more ownership

Funds ownership: 27.46% → 58.02% (+31%)

26% less funds holding

Funds holding: 519 → 384 (-135)

51% less first-time investments, than exits

New positions opened: 121 | Existing positions closed: 249

60% less funds holding in top 10

Funds holding in top 10: 10 → 4 (-6)

66% less capital invested

Capital invested by funds: $8.77B → $2.99B (-$5.79B)

86% less repeat investments, than reductions

Existing positions increased: 32 | Existing positions reduced: 231

Holders
384
Holders Change
-135
Holders Change %
-26.01%
% of All Funds
9.6%
Holding in Top 10
4
Holding in Top 10 Change
-6
Holding in Top 10 Change %
-60%
% of All Funds
0.1%
New
121
Increased
32
Reduced
231
Closed
249
Calls
$92.7M
Puts
$62.9M
Net Calls
+$29.9M
Net Calls Change
-$271M

Top Buyers

1
Balyasny Asset Management
Balyasny Asset Management
Illinois
+$98.7M
2
ETC
Evercore Trust Company
New York
+$54.1M
3
CS
Credit Suisse
Switzerland
+$44.6M
4
Renaissance Technologies
Renaissance Technologies
New York
+$44.2M
5
NI
Numeric Investors
Massachusetts
+$39.6M

Top Sellers

1
Vanguard Group
Vanguard Group
Pennsylvania
-$1.02B
2
EM
Elliott Management
New York
-$599M
3
State Street
State Street
Massachusetts
-$590M
4
FPA
First Pacific Advisors
California
-$518M
5
BIT
BlackRock Institutional Trust
California
-$300M
Name Holding Trade Value Shares
Change 		Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$375M -$1.02B -37,605,589 -74%
EM
2
Elliott Management
New York
$287M -$599M -22,055,510 -68%
FPA
3
First Pacific Advisors
California
$183M -$518M -19,070,849 -75%
Balyasny Asset Management
4
Balyasny Asset Management
Illinois
$155M +$98.7M +3,633,594 +192%
MNA
5
Manning & Napier Advisors
New York
$105M -$187M -6,904,076 -65%
BIT
6
BlackRock Institutional Trust
California
$104M -$300M -11,048,462 -75%
State Street
7
State Street
Massachusetts
$101M -$590M -21,743,889 -86%
WBC
8
Westpac Banking Corp
Australia
$86.8M -$22.3M -821,525 -21%
OHCM
9
Oak Hill Capital Management
New York
$81.4M -$216M -7,957,923 -73%
CS
10
Credit Suisse
Switzerland
$69.2M +$44.6M +1,642,349 +200%
Invesco
11
Invesco
Georgia
$58.1M -$180M -6,621,409 -76%
ETC
12
Evercore Trust Company
New York
$55.9M +$54.1M +1,991,126 New
Bank of Montreal
13
Bank of Montreal
Ontario, Canada
$55.1M +$32.1M +1,180,796 +164%
Renaissance Technologies
14
Renaissance Technologies
New York
$53.7M +$44.2M +1,627,951 +575%
BFA
15
BlackRock Fund Advisors
California
$50.9M -$223M -8,195,702 -82%
D.E. Shaw & Co
16
D.E. Shaw & Co
New York
$41.9M +$14.4M +529,684 +55%
NI
17
Numeric Investors
Massachusetts
$41M +$39.6M +1,459,945 New
Dimensional Fund Advisors
18
Dimensional Fund Advisors
Texas
$39.3M -$112M -4,119,467 -75%
Norges Bank
19
Norges Bank
Norway
$38.1M -$114M -4,208,348 -76%
JP Morgan Chase
20
JP Morgan Chase
New York
$37.1M +$30.5M +1,124,256 +568%
GC
21
Greenlight Capital
New York
$35.8M +$34.6M +1,275,000 New
DFO
22
Duquesne Family Office
New York
$33.7M +$32.6M +1,200,800 New
Two Sigma Advisers
23
Two Sigma Advisers
New York
$33.5M +$32.4M +1,194,039 New
N
24
Natixis
France
$32M +$30.9M +1,137,852 New
Fidelity Investments
25
Fidelity Investments
Massachusetts
$29.3M +$4.7M +173,076 +20%
1
2 3 4 5

AA Hedge Fund Activity: Q4 2016 in Review

384 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Alcoa (AA) for Q4 2016, worth a combined $2.99B — down 66% from $8.77B a quarter earlier.

Sellers outnumbered buyers: 249 funds closed out of AA and 121 opened new positions — a net loss of 128 holders — while 231 trimmed existing stakes and 32 added.

The largest buyer was Balyasny Asset Management, adding an estimated $98.7M. The largest seller was Vanguard Group, cutting an estimated $1.02B.

  • 384 institutional investors held Alcoa (AA) as of Q4 2016, down from 519 in Q3 2016.
  • Funds reported $2.99B of Alcoa stock for Q4 2016, down 66% quarter-over-quarter.
  • 121 funds opened new Alcoa positions in Q4 2016 and 249 closed out, a net change of -128 holders.
  • The largest Alcoa buyer in Q4 2016 was Balyasny Asset Management, an estimated $98.7M added.
  • The largest Alcoa seller in Q4 2016 was Vanguard Group, an estimated $1.02B sold.

Based on aggregated 13F filings for Q4 2016.