The 13F filings on September 30 indicate that institutional investors own ~93.4% of Albemarle’s (ALB) outstanding shares. A total of 652 institutions hold Albemarle. Among the institutional holders, 298 increased their positions on Albemarle, 260 reduced their positions, and 94 maintained their positions.
What do institutional activities suggest?
Institutional investors were net buyers of Albemarle during the third quarter. Institutional investors bought ~8.73 million shares, while they sold 7.08 million shares. The numbers suggest that institutional investors are more positive on Albemarle since the stock went through a correction. Based on the 13F filings on September 30, below are the top three institutional investors’ holdings.
- The Vanguard Group holds the biggest portion among the institutions. The Vanguard Group sold ~100,000 Albemarle shares in the third quarter. The Vanguard Group’s holdings stood at 12.67 million shares, which represents 11.7% of Albemarle’s outstanding shares.
- Franklin Resources sold 147,490 shares. Franklin Resources holds 9.04 million shares, which represents 8.34% of Albemarle’s outstanding shares.
- Jennison Associates added 565,127 shares. Jennison Associates holds 7.41 million shares, which represents 6.84% of Albemarle’s outstanding shares.
Investors could hold Albemarle indirectly by investing in the Invesco DWA Basic Materials Momentum ETF (PYZ). PYZ has invested 2.0% of its holdings in Albemarle as of November 29. The fund also provides exposure to FMC (FMC), LyondellBasell (LYB), and Air Products and Chemicals (APD) with weights of 4.35%, 4.0%, and 3.5%, respectively.