Alcoa
761 hedge funds and large institutions have $13.2B invested in Alcoa in 2026 Q1 according to their latest regulatory filings, with 205 funds opening new positions, 286 increasing their positions, 177 reducing their positions, and 71 closing their positions.
189% more first-time investments, than exits
New positions opened: 205 | Existing positions closed: 71
62% more repeat investments, than reductions
Existing positions increased: 286 | Existing positions reduced: 177
24% more capital invested
Capital invested by funds: $10.7B → $13.2B (+$2.55B)
19% more funds holding
Funds holding: 637 → 761 (+124)
5% less call options, than puts
Call options by funds: $710M | Put options by funds: $748M
1.48% less ownership
Funds ownership: 77.14% → 75.65% (-1.5%)
22% less funds holding in top 10
Funds holding in top 10: 9 → 7 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$486M |
| 2 |
BlackRock
New York
|
+$244M |
| 3 |
D.E. Shaw & Co
New York
|
+$213M |
| 4 |
AM
AGF Management
Toronto,
Ontario, Canada
|
+$112M |
| 5 |
TI
Tidal Investments
Milwaukee,
Wisconsin
|
+$96.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CHP
Castle Hook Partners
New York
|
-$211M |
| 2 |
Bank of New York Mellon
New York
|
-$191M |
| 3 |
JP Morgan Chase
New York
|
-$185M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
-$181M |
| 5 |
MRCP
Maple Rock Capital Partners
Toronto,
Ontario, Canada
|
-$145M |
AA Hedge Fund Activity: Q1 2026 in Review
761 of the 8,187 institutional investors tracked by Wall St. Rank reported a position in Alcoa (AA) for Q1 2026, worth a combined $13.2B — up 24% from $10.7B a quarter earlier.
Buyers outnumbered sellers: 205 funds opened new AA positions and 71 closed out — a net gain of 134 holders — while 286 added to existing stakes and 177 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $486M. The largest seller was Castle Hook Partners, exiting entirely with an estimated $211M sold.
- 761 institutional investors held Alcoa (AA) as of Q1 2026, up from 637 in Q4 2025.
- Funds reported $13.2B of Alcoa stock for Q1 2026, up 24% quarter-over-quarter.
- 205 funds opened new Alcoa positions in Q1 2026 and 71 closed out, a net change of +134 holders.
- The largest Alcoa buyer in Q1 2026 was Fidelity Investments, an estimated $486M added.
- The largest Alcoa seller in Q1 2026 was Castle Hook Partners, an estimated $211M sold.
Based on aggregated 13F filings for Q1 2026.