Aluminum Futures - (MALc1)
1,621.50 +15.00 +0.93%
utional Ownership 71.56%
Total Shares Outstanding (millions) 1,315
Total Value of Holdings (millions) $8,658
Increased Positions 327 184,338,528
Decreased Positions 304 92,417,405
Held Positions 95 664,294,831
Total Institutional Shares 726 941,050,764
New and Sold Out Positions
New Positions 108 101,807,112
Sold Out Positions 92 14,965,151
Total Shares New Increased Decreased Activity Sold Out
327 Increased Institutional Holders
184,338,528 Increased Total Shares Held
Click on the column header links to resort ascending (▲) or descending (▼).
Owner Name Date Shared Held Change (Shares) Change (%) Value (in 1,000s)
VANGUARD GROUP INC 03/31/2016 115,101,801 4,123,553 3.72 1,058,937
ELLIOTT ASSOCIATES, L.P. 12/31/2015 67,100,000 67,100,000 New 617,320
STATE STREET CORP 03/31/2016 59,574,508 1,354,045 2.33 548,085
FIRST PACIFIC ADVISORS, LLC 12/31/2015 48,631,232 963,900 2.02 447,407
BLACKROCK INSTITUTIONAL TRUST COMPANY, N.A. 03/31/2016 33,667,073 353,481 1.06 309,737
ORBIS HOLDINGS LTD 12/31/2015 28,023,942 9,698,961 52.93 257,820
NORGES BANK 12/31/2015 27,482,233 1,467,319 5.64 252,837
INVESCO LTD. 12/31/2015 18,279,827 2,426,133 15.30 168,174
NORTHERN TRUST CORP 03/31/2016 16,369,952 72,840 .45 150,604
HSBC HOLDINGS PLC 03/31/2016 15,404,344 12,976,669 534.53 141,720
BLACKROCK GROUP LTD 03/31/2016 13,821,640 55,116 .40 127,159
DIMENSIONAL FUND ADVISORS LP 03/31/2016 13,735,407 451,112 3.40 126,366
CREDIT SUISSE AG/ 12/31/2015 11,869,929 8,266,738 229.43 109,203
BANK OF NEW YORK MELLON CORP 03/31/2016 11,719,581 238,952 2.08 107,820
GEODE CAPITAL MANAGEMENT, LLC 03/31/2016 10,720,212 240,383 2.29 98,626
Read more: http://www.nasdaq.com/symbol/aa/institutional-holdings/increased#ixzz48q9HXdAk
this is new position
Brandon Dempster⊕Follow(2,091 followers)
Dividend investing, growth, long/short equity, base metals
The U.S. International Trade Commission is investigating the global aluminum trade.
Alcoa stands to be the beneficiary of a positive decision to enforce tariffs on this global trade.
This type of upside would mirror that of U.S. Steel, which received a positive trade case decision a few months ago and has since skyrocketed.
There are not many times that investors get to spot a stock before a breakout, but I truly believe that's what is before us today. I was catching up on the news when I ran across a small Wall Street Journal article called "U.S. Launches Probe Into Aluminum Trade." This well-written article, in so many words, is breaking the news that the U.S. International Trade Commission is investigating the global aluminum trade and tariffs could be imposed on China to protect domestic producers. Light bulbs should be going off, because if the trade case decision comes back favorable, Alcoa's (NYSE:AA) stock is going to see rapid, rapid upside.
U.S. Steel's Sustained Upside
Early last year, I told investors, here on Seeking Alpha, that U.S. Steel (NYSE:X) could skyrocket on a positive trade case decision - and sure enough, it did.
Below is U.S. Steel versus Alcoa on a 1Y time frame. Both saw strong declines in 2015 and in January, but have rallied back to summer 2015 levels. I'm using U.S. Steel as the mirror equity because it is a leveraged domestic producer just like Alcoa. Alcoa has been the beneficiary of a general run-up in commodities, but U.S. Steel's catalyst has been far more specific.
The U.S. Department of Commerce's trade case regarding the Chinese subsidized steel exports hurting domestic competition serves as a precedent for the current probe that the U.S. International Trade Commission is now conducting. Having a precedent in the financial markets is either a large positive or a large negative, depending on the nature of the precedent. The fact that the U.S. Department of Commerce inflicted a 266% tariff on Chinese steel mills means that another U.S. authority can take a similar action. Not following suit would arguably make the U.S. government hypocritical and not in accord with common law.
Another interesting thing to consider is that the EU has also begun looking into imposing tariffs on Chinese steel exports that are subsidized. If it chooses to impose a tariff on steel, who's to say they won't follow suit and begin investing in other commodities like aluminum?
If the USITC provides a favorable decision to domestic producers like Alcoa, then aluminum will rally. To gauge the potential of this rally, observe that U.S. Steel has now increased 134.09% because of that decision. If Alcoa has success comparable to that of U.S. Steel on a positive trade case decision, the stock will likely be trading in the low-$20s. Much of U.S. Steel's equity rally has been sustained by the Chinese government stimulus to housing and highway projects; the company still saw an outperforming return, and investors should consider this sustaining catalyst not part of Alcoa's future. In an initial sensitivity analysis for the equity, observe the potential gains for Alcoa:
Ulrich Schmidt, a director of Alcoa Inc., recently acquired 5,000 shares of the company. The buys took place at $10.25 per share, on April 26, 2016. Schmidt now owns 5,000 shares of the company. Schmidt operates out of New York,, NY. Some additional info was provided as follows:
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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Other recent filings from the company include the following:
aluminium up big time