Alcoa Corp (AA) Hedge Fund Ownership (Q2 2026)

Alcoa Corp (AA)

695 + Investors. Track Smart Money conviction in AA. See who's accumulating, reducing, or initiating positions.

Smart Money Signals — AA

Based on 714 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q

For 1 consecutive quarter, more hedge funds reduced or closed their AA positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

🏔️

At the ownership peak (95% of max)

95% of all-time peak

714 hedge funds hold AA right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.

🚀

Fast accumulation — +50% more funds vs a year ago

fund count last 6Q

+239 new funds entered over the past year (+50% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.

🟠

More sellers than buyers — 48% buying

376 buying405 selling

Last quarter: 405 funds reduced or exited vs 376 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

⚠️

Fewer new buyers each quarter (-88 vs last Q)

new funds entering per quarter

Funds opening this position for the first time: 99 → 200 → 196 → 108. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.

🔒

60% of holders stayed for 2+ years

■ 60% conviction (2yr+) ■ 18% medium ■ 22% new

431 out of 714 hedge funds have held AA for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

💎

Buying through price weakness — shares +11%, value -15%

Value

-14%

+11%

Last quarter: funds added +11% more shares while total portfolio value only changed -15%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.

➡️

Steady discovery — ~108 new funds/quarter

69 → 99 → 200 → 196 → 108 new funds/Q

New funds entering each quarter: 99 → 200 → 196 → 108. Consistent flow of new institutional buyers without clear acceleration or slowdown.

🏛️

Veteran-anchored — 68% veterans vs 22% newcomers

■ 68% veterans ■ 10% 1-2yr ■ 22% new

Entry-cohort mix of 768 holders: 525 (68%) are 2+ year veterans, 74 entered 1–2 years ago, and 169 (22%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.

🏆

Elite ownership — 59% AUM from top-100 funds

59% from top-100 AUM funds

62 of 704 holders are among the 100 largest funds by AUM, controlling 59% of total institutional value in AA. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

4.1

out of 10

Moderate Exit Risk

Exit risk score 4.1/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Metric	All 13F Filers (2026 Q2)	Prior (2026 Q1)	Change
Funds Holding	695	755	-7.95%
13F Shares	227M	218M	4.1%
Total Value	$11.60B	$13.94B	-16.78%
New Positions	104	196	-92
Increased Positions	251	284	-33
Closed Positions	154	81	+73
Reduced Positions	244	185	+59
Total Calls	32	28	14.29%
Total Puts	30	26	15.38%
PUT/CALL Ratio	0.94	0.93	Neutral

Metric

All 13F Filers (2026 Q2)

Prior (2026 Q1)

Change

Funds Holding

695

755

-7.95%

13F Shares

227M

218M

4.1%

Total Value

$11.60B

$13.94B

-16.78%

New Positions

104

196

-92

Increased Positions

251

284

-33

Closed Positions

154

+73

Reduced Positions

244

185

+59

Total Calls

14.29%

Total Puts

15.38%

PUT/CALL Ratio

0.94

0.93

Neutral

Institutional Holders (2026 Q2)

695 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in AA. Verified SEC 13F-HR filings.

QUARTER:

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 25 AA holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Mountaineer Partners Management, LLC	8.22%	208,165	$10.9M
2	Impala Asset Management LLC	3.99%	135,000	$7.0M
3	Drummond Knight Asset Management Pty Ltd	3.69%	385,711	$20.1M
4	Masters Capital Management LLC	2.68%	2,000,000	$104.3M
5	L1 Capital Pty Ltd	2.52%	1,435,645	$74.9M
6	QSM Asset Management Ltd	2.39%	87,300	$4.6M
7	Eagle Capital Management LLC	1.89%	11,879,807	$619.4M
8	Global Alpha Capital Management Ltd.	1.75%	558,623	$29.1M
9	Maple Rock Capital Partners Inc.	1.61%	1,577,720	$82.3M
10	Old West Investment Management, LLC	1.31%	236,718	$12.3M
11	Freemont Management S.A.	1.26%	25,000	$1.3M
12	Financial Sense Advisors, Inc.	0.97%	94,487	$4.9M
13	Cookson Peirce & Co Inc	0.91%	531,143	$27.7M
14	Illumine Investment Management, LLC	0.90%	—	$1.4M
15	Riggs Asset Managment Co. Inc.	0.88%	94,032	$4.9M
16	Hosking Partners LLP	0.80%	461,239	$24.0M
17	Wakefield Asset Management LLLP	0.80%	67,953	$3.5M
18	Cozad Asset Management Inc	0.78%	231,695	$12.1M
19	Turas Capital Management LP	0.75%	31,200	$1.6M
20	Hanseatic Management Services Inc	0.74%	19,269	$1.0M
21	Globeflex Capital L P	0.69%	103,952	$5.4M
22	Regal Partners Ltd	0.61%	211,985	$11.1M
23	Douglas Lane & Associates, LLC	0.61%	861,598	$44.9M
24	ARGA Investment Management, LP	0.60%	447,455	$23.3M
25	Bayesian Capital Management, LP	0.57%	16,996	$886K

Investor	Ownership History	% of Portfolio	Prev %	Rank	Conviction	Avg Buy Price	13F Score™ 3Y / 7Y	Sell Timing	Shares	Mkt Value	Change	Change %	Source	Quarter	Filed

Frequently Asked Questions — Alcoa Corp (AA)

What does the Smart Money Trend signal show for AA?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their AA positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for AA?

More sellers than buyers — 48% buying: Last quarter: 405 funds reduced or exited vs 376 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for AA holders?

Elite ownership — 59% AUM from top-100 funds: 62 of 704 holders are among the 100 largest funds by AUM, controlling 59% of total institutional value in AA. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held AA?

60% of holders stayed for 2+ years: 431 out of 714 hedge funds have held AA for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

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Alcoa Corp (AA)

Smart Money Signals — AA

Selling streak — 1 quarter in a row

At the ownership peak (95% of max)

Fast accumulation — +50% more funds vs a year ago

More sellers than buyers — 48% buying

Fewer new buyers each quarter (-88 vs last Q)

60% of holders stayed for 2+ years

Buying through price weakness — shares +11%, value -15%

Steady discovery — ~108 new funds/quarter

Veteran-anchored — 68% veterans vs 22% newcomers

Elite ownership — 59% AUM from top-100 funds

Institutional Sentiment Summary — AA

Hedge Fund Ownership: AA

Market Analysis: AA

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: AA

Hedge Fund Positioning: AA

Statistics: AA

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q2)

Frequently Asked Questions — Alcoa Corp (AA)

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