SCHEDULE: Vanguard Group Amends Alcoa Stake, Reports 0% Ownership

The Vanguard Group has filed an amended Schedule 13G for Alcoa Corp, reporting 0% beneficial ownership following an internal realignment.

Summary

• The Vanguard Group, Inc. filed an Amendment No. 10 to its Schedule 13G regarding its beneficial ownership of Alcoa Corp Common Stock.
• As of March 13, 2026, The Vanguard Group reports 0.00 shares beneficially owned, representing 0% of Alcoa Corp's class of securities.
• This change is a result of an internal realignment within The Vanguard Group, Inc. that occurred on January 12, 2026.
• Following the realignment, certain subsidiaries or business divisions of Vanguard will now report beneficial ownership separately (on a disaggregated basis) from The Vanguard Group, Inc.
• The Vanguard Group, Inc. no longer has, or is deemed to have, beneficial ownership over securities beneficially owned by these subsidiaries and/or business divisions.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral for Alcoa Corp, as it primarily reflects an internal organizational and reporting change by The Vanguard Group rather than a change in investment thesis or performance for Alcoa.

Future Outlook

The filing does not provide any forward-looking statements or guidance related to Alcoa Corp's operations or financial performance.

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11."

Industry Context

StockSavvy.ai notes that this filing reflects an internal administrative and reporting change within The Vanguard Group, a major investment adviser. It does not indicate a change in investment strategy or outlook for Alcoa Corp's industry, nor does it reflect on Alcoa's operational performance or market position.

Stakeholder Impact

• Shareholders of Alcoa Corp may see a change in the reported institutional ownership structure, but the underlying shares are still managed by Vanguard's various entities, just reported differently. There is no direct operational or financial impact on Alcoa Corp.

Key Dates

Keywords

Alcoa Corp, The Vanguard Group, Schedule 13G, Beneficial Ownership, Common Stock, SEC Filing, Investment Adviser, Institutional Ownership