Alcoa
440 hedge funds and large institutions have $5.06B invested in Alcoa in 2024 Q1 according to their latest regulatory filings, with 58 funds opening new positions, 154 increasing their positions, 135 reducing their positions, and 69 closing their positions.
20% more funds holding in top 10
Funds holding in top 10: 5 → 6 (+1)
14% more repeat investments, than reductions
Existing positions increased: 154 | Existing positions reduced: 135
3% less funds holding
Funds holding: 453 → 440 (-13)
4.65% less ownership
Funds ownership: 87.94% → 83.29% (-4.6%)
5% less capital invested
Capital invested by funds: $5.33B → $5.06B (-$274M)
16% less first-time investments, than exits
New positions opened: 58 | Existing positions closed: 69
24% less call options, than puts
Call options by funds: $453M | Put options by funds: $597M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LC
L1 Capital
Melbourne VIC 3000,
Australia
|
+$64M |
| 2 |
Dimensional Fund Advisors
Austin,
Texas
|
+$57.4M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
+$53M |
| 4 |
SPC
Slate Path Capital
New York
|
+$43.3M |
| 5 |
ECA
Encompass Capital Advisors
New York
|
+$37.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$235M |
| 2 |
GQG Partners
Ft. Lauderdale,
Florida
|
-$117M |
| 3 |
Millennium Management
New York
|
-$45.2M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$39.7M |
| 5 |
Jane Street
New York
|
-$31.3M |
AA Hedge Fund Activity: Q1 2024 in Review
440 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Alcoa (AA) for Q1 2024, worth a combined $5.06B — down 5.1% from $5.33B a quarter earlier.
Sellers outnumbered buyers: 69 funds closed out of AA and 58 opened new positions — a net loss of 11 holders — while 135 trimmed existing stakes and 154 added.
The largest buyer was L1 Capital, opening a new position worth an estimated $64M. The largest seller was Morgan Stanley, cutting an estimated $235M.
- 440 institutional investors held Alcoa (AA) as of Q1 2024, down from 453 in Q4 2023.
- Funds reported $5.06B of Alcoa stock for Q1 2024, down 5.1% quarter-over-quarter.
- 58 funds opened new Alcoa positions in Q1 2024 and 69 closed out, a net change of -11 holders.
- The largest Alcoa buyer in Q1 2024 was L1 Capital, an estimated $64M added.
- The largest Alcoa seller in Q1 2024 was Morgan Stanley, an estimated $235M sold.
Based on aggregated 13F filings for Q1 2024.