This $420 Million Bet Concentrates Assets in a Stock Up 134% in One Year

2 hours ago 1

Jonathan Ponciano, The Motley Fool

Fri, January 23, 2026 astatine 10:20 AM CST 4 min read

Glencore bought 13,454,538 shares of Century Aluminum Company successful the 4th quarter; the estimated transaction worth was $420.38 cardinal based connected quarterly mean prices.
Meanwhile, the quarter-end presumption worth roseate by $920.51 million, reflecting some stock purchases and banal terms appreciation.
Post-trade, Glencore holds 53,511,894 CENX shares valued astatine $2.10 billion, accounting for 48.39% of money assets.
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On January 22, Glencore disclosed a important acquisition of 13,454,538 Century Aluminum Company (NASDAQ:CENX) shares, with an estimated transaction worth of $420.38 cardinal based connected quarterly mean pricing.

According to a SEC filing dated January 22, 2026, Glencore plc accrued its involvement successful Century Aluminum Company (NASDAQ:CENX) by 13,454,538 shares during the 4th quarter. The estimated commercialized value, calculated utilizing the mean closing terms for the period, was $420.38 million. The quarter-end worth of the presumption roseate by $920.51 million, a fig that includes market-driven terms changes arsenic good arsenic the further shares acquired.

This bargain raises Century Aluminum to 48.39% of Glencore’s 13F reportable assets nether management.

Top holdings aft the filing:

NYSE:BG: $2.92 cardinal (58.2% of AUM)
NASDAQ:CENX: $2.10 cardinal (41.8% of AUM)

As of January 21, Century Aluminum shares were priced astatine $47.75, up a staggering 133.7% implicit the past twelvemonth and outperforming the S&P 500 by 120 percent points.

Metric

Value

Market Capitalization	$4.46 billion
Revenue (TTM)	$2.53 billion
Net Income (TTM)	$85.20 million
Price (as of January 21)	$47.75

Century Aluminum Company produces standard-grade and value-added superior aluminum products, with operations successful the United States, Iceland, and a c anode installation successful the Netherlands.
The institution generates gross chiefly done the manufacture and merchantability of aluminum products to concern and commercialized customers.

Century Aluminum Company is simply a starring shaper of superior aluminum with a important manufacturing footprint successful the United States and Iceland. The institution leverages integrated operations and value-added merchandise offerings to service a wide concern lawsuit base. Its strategy emphasizes operational ratio and merchandise prime to support a beardown competitory presumption successful the planetary aluminum industry.

This portfolio present efficaciously makes 1 macro telephone expressed done 2 concern names. When astir fractional of reported assets beryllium successful 1 stock, each operational item abruptly carries portfolio-level consequences.

Century Aluminum Company enters that relation with momentum. In its latest quarterly release, the institution posted $632.2 cardinal successful gross and returned to profitability, delivering $14.9 cardinal successful nett income versus a $4.6 cardinal nonaccomplishment successful the anterior quarter. Adjusted EBITDA climbed to $101.1 million, supported by higher Midwest aluminum premiums and improving powerfulness economics. Management besides guided for fourth-quarter adjusted EBITDA of $170 cardinal to $180 million, signaling accelerating currency generation.

That operating leverage helps explicate wherefore Glencore is consenting to fto this azygous presumption swell to astir 42% of assets, alongside its adjacent larger holding successful Bunge. This is intelligibly a sustained wager connected aluminum tightness, favorable U.S. commercialized policy, and Century’s quality to person pricing tailwinds into durable escaped currency flow.