Form SC 13D ALCOA INC. Filed by: ELLIOTT ASSOCIATES, L.P.

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Elliott Associates Shows New 6.4% Stake in Alcoa Inc (AA)

November 23, 2015 10:12 AM EST

In a 13D filing on Alcoa Inc (NYSE: AA), hedge fund Elliott Associates disclosed a 5.1%, or 67,064,200 share, stake in the company. The firm did not hold shares at the end of the latest quarter ending September 30, 2015, though Elliot Management's 13F showed ownership of call options. Notably, as highlighted below, the firm also holds about 1.3 percent of additional interest in Alcoa via swap options, for an aggregate position of 6.4 percent.

The filing confirms earlier reports from CNBC about the stake.

From the filing:

The Reporting Persons purchased the securities of the... More