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Albemarle: What Institutional Activities Suggest

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Dec. 3 2018, Updated 9:01 a.m. ET

Institutional holdings

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.

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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.

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