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HW

HWM HOWMET AEROSPACE INC

2026Q2 · CUSIP 443201108 · Sector: Materials

Piling in

Net holder growth ranks near the top of the market

Funds that own it
1,571
Institutions that reported holding it to the SEC
Net increase in holders
+101
Last quarter 1,470 → now 1,571
How unusual is that
Top 5%
Stronger buying than 98% of US stocks
What the filings say, in one paragraph

1,571 funds held HWM at the end of 2026Q2, up 101 from the quarter before. That is stronger buying than 98.2% of US stocks — among the most piled-into names this quarter. On the business itself, revenue over the last 12 months was $9.1B(YoY +18.1%), the P/E is 54.5x, return on equity is 32.6%. HWM has had 18 buying rushes in its history, and the price moved +36.3% on average over the six months after (that is the raw price move, not how much it beat the market by). It sits in the Materials sector.

How many funds owned it, quarter by quarter

Bars = net change in institutional holders, positive (green) or negative (red). Line = total institutional holders.

2016Q2: holders=1 2016Q3: holders=1 2016Q4: holders=3 2017Q1: holders=3 2017Q2: holders=3 2017Q3: holders=3 2017Q4: holders=2 2018Q1: holders=2 2018Q2: holders=2 2018Q3: holders=3 2018Q4: holders=3 2019Q1: holders=3 2019Q2: holders=2 2019Q3: holders=3 2019Q4: holders=4 2020Q1: holders=125 2020Q2: holders=404 2020Q3: holders=403 2020Q4: holders=455 2021Q1: holders=463 2021Q2: holders=472 2021Q3: holders=472 2021Q4: holders=491 2022Q1: holders=517 2022Q2: holders=499 2022Q3: holders=524 2022Q4: holders=540 2023Q1: holders=570 2023Q2: holders=605 2023Q3: holders=611 2023Q4: holders=661 2024Q1: holders=703 2024Q2: holders=799 2024Q3: holders=858 2024Q4: holders=996 2025Q1: holders=1062 2025Q2: holders=1229 2025Q3: holders=1257 2025Q4: holders=1369 2026Q1: holders=1470 2026Q2: holders=1571 -279 -139.5 +0 +139.5 +279 08251650 16Q217Q318Q420Q121Q222Q323Q425Q126Q2 Net change in holders (bars) Total funds holding (line)

What happened after each past buying rush 18 times in its history

Quarter of the rush How unusual then Price, next 3 months Price, next 6 months
2026Q2 Top 5% — —
2026Q1 Top 5% — —
2025Q4 Top 5% +4.0% —
2025Q3 Top 20% +25.5% +30.6%
2025Q2 Top 1% in the market +17.5% +44.3%
2025Q1 Top 5% +3.5% +20.6%
2024Q4 Top 5% +22.1% +29.9%
2024Q3 Top 5% +14.8% +44.2%

These are the raw price moves, not how much it beat the market by. Compare them against the market over the same months — in a strong bull market almost everything is up.

Show all the numbers (large funds, value held, options…) ▾
Of them, large funds
353
Change in large funds
+36
Total value they hold
$97.5B
Funds buying for the first time
230
Funds that sold out entirely
129
Price change that quarter
-1.6%
Funds holding puts (bearish)
26
Funds holding calls (bullish)
24

These are for people who want to dig. Skip them if they do not mean anything to you — the three numbers above are enough.

8,697 institutions have filed for this quarter. 13F permits late filing and a small number arrive in the weeks after the deadline, so the holder counts and changes below may tick up.

Fundamentals

PE (TTM)
54.5
EPS (TTM)
$4.64
EPS YoY
+36.1%
Revenue (TTM)
$9.1B
Revenue YoY
+18.1%
Net margin
20.5%
ROE
32.6%
Debt ratio
56.7%
FCF (TTM)
$1.8B
Dividend (TTM)
$0.60
Quarterly Revenue & EPS
2021-09-30: EPS 0.06 2021-12-31: EPS 0.18 2022-03-31: EPS 0.31 2022-06-30: EPS 0.35 2022-09-30: EPS 0.19 2022-12-31: EPS 0.26 2023-03-31: EPS 0.35 2023-06-30: EPS 0.46 2023-09-30: EPS 0.45 2023-12-31: EPS 0.57 2024-03-31: EPS 0.59 2024-06-30: EPS 0.65 2024-09-30: EPS 0.81 2024-12-31: EPS 0.76 2025-03-31: EPS 0.84 2025-06-30: EPS 1.00 2025-09-30: EPS 0.95 2025-12-31: EPS 0.92 2026-03-31: EPS 1.44 2026-06-30: EPS 1.33 0B 1.8B 3.7B $B 0.00 0.79 1.58 20172018201920212022202320242025202606/26 Revenue EPS

Quarterly figures, revenue up to 10 years back; EPS split-adjusted, early quarters hidden when not calibrable

P/E (TTM) over time
4Y median 43 30 51 71 20222023202420252026

P/E = close around day 47 after quarter-end ÷ TTM EPS then; this is a consistent valuation date, not the company’s actual filing date; loss quarters hidden

Quarterly free cash flow
-553M-12M530M 2016201720182019202120222023202420252026
Latest quarter $359M (2026-03-31)

FCF = operating cash flow − capex, computed from SEC XBRL; banks/insurers have no standard cash-flow structure and are hidden

As of 2026-06-30 · SEC filings (XBRL)

Email me the next update

2026 Q3 holdings are due 2026-11-16. We will email you when the refreshed lists are live.