SCHEDULE 13G/A: Allan Gray Australia Discloses 5.5% Stake in Alcoa Corp via Amended Schedule 13G Filing

Allan Gray Australia Pty Ltd has filed an amended Schedule 13G, reporting a 5.5% beneficial ownership stake in Alcoa Corp as of March 31, 2025.

Summary

• Allan Gray Australia Pty Ltd, an Australian financial institution, filed an Amendment No. 1 to Schedule 13G regarding its beneficial ownership in Alcoa Corp.
• As of March 31, 2025, Allan Gray Australia beneficially owned 14,314,195 shares of Alcoa Corp's CHESS Depositary Interests, which represent 1 unit of Common Stock.
• This ownership stake constitutes 5.5% of the class of securities.
• Allan Gray Australia holds sole voting power and sole dispositive power over all 14,314,195 shares.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Alcoa Corp.
• The filing indicates that another person has the right to receive dividends from, or the proceeds from the sale of, these securities.

Sentiment

Score: 6

Explanation: Neutral to slightly positive. The filing confirms a significant, non-activist institutional stake, which generally signals stability in the shareholder base. However, it provides no new operational or financial insights into Alcoa Corp itself.

Positives

• A significant institutional investor, Allan Gray Australia, maintains a substantial stake in Alcoa Corp, which can be viewed as a vote of confidence in the company.
• The filing explicitly states that the investment is held in the ordinary course of business and not for the purpose of changing or influencing control, suggesting a stable, non-activist shareholder base.

Future Outlook

NA

Industry Context

This filing is a routine disclosure of beneficial ownership by an institutional investor in a publicly traded company within the basic materials sector. It reflects an investment decision by Allan Gray Australia Pty Ltd in Alcoa Corp, a major player in the aluminum industry, but does not provide specific industry analysis or trends.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder's stake, which can contribute to overall market confidence and understanding of the shareholder base.

Key Dates

Keywords

Alcoa Corp, Allan Gray Australia, Schedule 13G, Beneficial Ownership, CHESS Depositary Interests, Common Stock, Institutional Investor, Shareholding, Investment Adviser, AA