Alcoa
637 hedge funds and large institutions have $10.7B invested in Alcoa in 2025 Q4 according to their latest regulatory filings, with 199 funds opening new positions, 201 increasing their positions, 146 reducing their positions, and 64 closing their positions.
211% more first-time investments, than exits
New positions opened: 199 | Existing positions closed: 64
74% more capital invested
Capital invested by funds: $6.13B → $10.7B (+$4.53B)
50% more funds holding in top 10
Funds holding in top 10: 6 → 9 (+3)
38% more repeat investments, than reductions
Existing positions increased: 201 | Existing positions reduced: 146
23% more funds holding
Funds holding: 516 → 637 (+121)
5.67% more ownership
Funds ownership: 71.46% → 77.14% (+5.7%)
8% less call options, than puts
Call options by funds: $742M | Put options by funds: $803M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$192M |
| 2 |
Bank of New York Mellon
New York
|
+$174M |
| 3 |
CHP
Castle Hook Partners
New York
|
+$162M |
| 4 |
MRCP
Maple Rock Capital Partners
Toronto,
Ontario, Canada
|
+$134M |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
+$102M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LC
L1 Capital
Melbourne VIC 3000,
Australia
|
-$178M |
| 2 |
Point72 Asset Management
Stamford,
Connecticut
|
-$79.4M |
| 3 |
Squarepoint
New York
|
-$75.8M |
| 4 |
SG
Sourcerock Group
Denver,
Colorado
|
-$47.6M |
| 5 |
Morgan Stanley
New York
|
-$45M |
AA Hedge Fund Activity: Q4 2025 in Review
637 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in Alcoa (AA) for Q4 2025, worth a combined $10.7B — up 74% from $6.13B a quarter earlier.
Buyers outnumbered sellers: 199 funds opened new AA positions and 64 closed out — a net gain of 135 holders — while 201 added to existing stakes and 146 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $192M. The largest seller was L1 Capital, cutting an estimated $178M.
- 637 institutional investors held Alcoa (AA) as of Q4 2025, up from 516 in Q3 2025.
- Funds reported $10.7B of Alcoa stock for Q4 2025, up 74% quarter-over-quarter.
- 199 funds opened new Alcoa positions in Q4 2025 and 64 closed out, a net change of +135 holders.
- The largest Alcoa buyer in Q4 2025 was Fidelity Investments, an estimated $192M added.
- The largest Alcoa seller in Q4 2025 was L1 Capital, an estimated $178M sold.
Based on aggregated 13F filings for Q4 2025.