Alcoa
709 hedge funds and large institutions have $10.7B invested in Alcoa in 2026 Q2 according to their latest regulatory filings, with 97 funds opening new positions, 257 increasing their positions, 248 reducing their positions, and 141 closing their positions.
12% more call options, than puts
Call options by funds: $683M | Put options by funds: $611M
2.17% more ownership
Funds ownership: 75.65% → 77.83% (+2.2%)
4% more repeat investments, than reductions
Existing positions increased: 257 | Existing positions reduced: 248
7% less funds holding
Funds holding: 761 → 709 (-52)
19% less capital invested
Capital invested by funds: $13.2B → $10.7B (-$2.48B)
31% less first-time investments, than exits
New positions opened: 97 | Existing positions closed: 141
57% less funds holding in top 10
Funds holding in top 10: 7 → 3 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$277M |
| 2 |
Millennium Management
New York
|
+$137M |
| 3 |
LC
L1 Capital
Melbourne VIC 3000,
Australia
|
+$96.1M |
| 4 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$92.1M |
| 5 |
Marshall Wace
London,
United Kingdom
|
+$87.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Dimensional Fund Advisors
Austin,
Texas
|
-$186M |
| 2 |
Eagle Capital Management (New York)
New York
|
-$149M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$99.2M |
| 4 |
DFO
Duquesne Family Office
New York
|
-$87.6M |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
-$72.7M |
AA Hedge Fund Activity: Q2 2026 in Review
709 of the 8,305 institutional investors tracked by Wall St. Rank reported a position in Alcoa (AA) for Q2 2026, worth a combined $10.7B — down 19% from $13.2B a quarter earlier.
Sellers outnumbered buyers: 141 funds closed out of AA and 97 opened new positions — a net loss of 44 holders — while 248 trimmed existing stakes and 257 added.
The largest buyer was Fidelity Investments, adding an estimated $277M. The largest seller was Dimensional Fund Advisors, cutting an estimated $186M.
- 709 institutional investors held Alcoa (AA) as of Q2 2026, down from 761 in Q1 2026.
- Funds reported $10.7B of Alcoa stock for Q2 2026, down 19% quarter-over-quarter.
- 97 funds opened new Alcoa positions in Q2 2026 and 141 closed out, a net change of -44 holders.
- The largest Alcoa buyer in Q2 2026 was Fidelity Investments, an estimated $277M added.
- The largest Alcoa seller in Q2 2026 was Dimensional Fund Advisors, an estimated $186M sold.
Based on aggregated 13F filings for Q2 2026.