Cliff Asness's AA Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 4.13 M shares of Alcoa Corporation (AA) worth $219.7 M, representing 0.12% of the portfolio. First purchased in 2017-Q1, this long-term strategic position has been held for 35 quarters.
Based on 13F filings, Cliff Asness has maintained a strategic position in AA, demonstrating sustained confidence in this investment. Largest addition occurred in Q4 2025, adding 2.5 M shares. Largest reduction occurred in Q3 2018, reducing 2.28 M shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's Alcoa Corporation (AA) Holding Value Over Time
Track share changes against reported price movement
Quarterly Alcoa Corporation (AA) Trades by Cliff Asness
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | +2.5 M | Add 153.44% | 4.13 M | $53.14 |
| Q3 2025 | +578,183 | Add 54.90% | 1.63 M | $32.56 |
| Q2 2025 | +298,364 | Add 39.53% | 1.05 M | $29.39 |
| Q1 2025 | +594,311 | Add 370.44% | 754,746 | $29.46 |
| Q4 2024 | -22,925 | Reduce 12.50% | 160,435 | $37.78 |
| Q3 2024 | +148,089 | Add 419.86% | 183,360 | $38.58 |
| Q2 2024 | -20,597 | Reduce 36.87% | 35,271 | $39.78 |
| Q1 2024 | +44,606 | Add 396.08% | 55,868 | $33.69 |
| Q4 2023 | +3,219 | Add 40.02% | 11,262 | $34.00 |
| Q3 2023 | +1,759 | Add 27.99% | 8,043 | $29.06 |
| Q2 2023 | +6,284 | New Buy | 6,284 | $33.61 |
| Q4 2022 | -106,840 | Sold Out | 0 | $0.00 |
| Q3 2022 | -56,143 | Reduce 34.45% | 106,840 | $33.66 |
| Q2 2022 | -495,755 | Reduce 75.26% | 162,983 | $45.24 |
| Q1 2022 | -110,684 | Reduce 14.39% | 658,738 | $90.03 |
| Q4 2021 | +627,196 | Add 440.99% | 769,422 | $59.30 |
| Q3 2021 | +15,375 | Add 12.12% | 142,226 | $48.94 |
| Q2 2021 | +17,514 | Add 16.02% | 126,851 | $36.84 |
| Q1 2021 | +29,139 | Add 36.33% | 109,337 | $32.49 |
| Q4 2020 | +69,291 | Add 635.29% | 80,198 | $23.06 |
| Q3 2020 | -213,268 | Reduce 95.13% | 10,907 | $11.64 |
| Q2 2020 | -577,423 | Reduce 72.03% | 224,175 | $10.92 |
| Q1 2020 | -578,864 | Reduce 41.93% | 801,598 | $6.15 |
| Q4 2019 | +151,890 | Add 12.36% | 1.38 M | $21.48 |
| Q3 2019 | +196,763 | Add 19.07% | 1.23 M | $20.07 |
| Q2 2019 | -575,428 | Reduce 35.80% | 1.03 M | $22.93 |
| Q1 2019 | +1.56 M | Add 3360.52% | 1.61 M | $28.04 |
| Q4 2018 | -1.84 M | Reduce 97.53% | 46,445 | $26.59 |
| Q3 2018 | -2.28 M | Reduce 54.74% | 1.88 M | $40.40 |
| Q2 2018 | -66,640 | Reduce 1.58% | 4.16 M | $46.88 |
| Q1 2018 | +1.41 M | Add 50.05% | 4.22 M | $44.96 |
| Q4 2017 | +2.21 M | Add 361.44% | 2.82 M | $53.87 |
| Q3 2017 | -291,997 | Reduce 32.37% | 610,120 | $46.62 |
| Q2 2017 | +494,830 | Add 121.49% | 902,117 | $32.65 |
| Q1 2017 | +407,287 | New Buy | 407,287 | $34.40 |
Cliff Asness's Alcoa Corporation Investment FAQs
Cliff Asness first purchased Alcoa Corporation (AA) in Q1 2017, acquiring 407,287 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness has held Alcoa Corporation (AA) for 35 quarters since Q1 2017.
Cliff Asness's largest addition to Alcoa Corporation (AA) was in Q4 2025, adding 4,134,425 shares worth $219.7 M.
According to the latest 13F filing for Q4 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 4,134,425 shares of Alcoa Corporation (AA), valued at approximately $219.7 M.
As of the Q4 2025 filing, Alcoa Corporation (AA) represents approximately 0.12% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings.
Cliff Asness's peak holding in Alcoa Corporation (AA) was 4,224,491 shares, as reported at the end of Q1 2018.