Alcoa
476 hedge funds and large institutions have $5.5B invested in Alcoa in 2025 Q2 according to their latest regulatory filings, with 70 funds opening new positions, 177 increasing their positions, 157 reducing their positions, and 105 closing their positions.
51% more capital inflows, than outflows
Capital inflows: $842M | Capital outflows: $559M
13% more repeat investments, than reductions
Existing positions increased: 177 | Existing positions reduced: 157
4.42% more ownership
Funds ownership: 67.48% → 71.9% (+4.4%)
8% less funds holding
Funds holding: 516 → 476 (-40)
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
20% less call options, than puts
Call options by funds: $319M | Put options by funds: $400M
33% less first-time investments, than exits
New positions opened: 70 | Existing positions closed: 105
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
L1 Capital
Melbourne VIC 3000,
Australia
|
+$83.4M |
| 2 |
Dimensional Fund Advisors
Austin,
Texas
|
+$80.8M |
| 3 |
Point72 Asset Management
Stamford,
Connecticut
|
+$66M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$41.8M |
| 5 |
Drummond Knight Asset Management
Crows Nest, NSW,
Australia
|
+$41.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Slate Path Capital
New York
|
-$83.4M |
| 2 |
Antipodes Partners
Royal Exchange,
Australia
|
-$51.5M |
| 3 |
Marshall Wace
London,
United Kingdom
|
-$30.2M |
| 4 |
Masters Capital Management
Atlanta,
Georgia
|
-$27M |
| 5 |
Two Sigma Investments
New York
|
-$19.1M |
AA Hedge Fund Activity: Q2 2025 in Review
476 of the 7,625 institutional investors tracked by Wall St. Rank reported a position in Alcoa (AA) for Q2 2025, worth a combined $5.5B — up 3.3% from $5.32B a quarter earlier.
Sellers outnumbered buyers: 105 funds closed out of AA and 70 opened new positions — a net loss of 35 holders — while 157 trimmed existing stakes and 177 added.
The largest buyer was L1 Capital, adding an estimated $83.4M. The largest seller was Slate Path Capital, exiting entirely with an estimated $83.4M sold.
- 476 institutional investors held Alcoa (AA) as of Q2 2025, down from 516 in Q1 2025.
- Funds reported $5.5B of Alcoa stock for Q2 2025, up 3.3% quarter-over-quarter.
- 70 funds opened new Alcoa positions in Q2 2025 and 105 closed out, a net change of -35 holders.
- The largest Alcoa buyer in Q2 2025 was L1 Capital, an estimated $83.4M added.
- The largest Alcoa seller in Q2 2025 was Slate Path Capital, an estimated $83.4M sold.
Based on aggregated 13F filings for Q2 2025.