Among these funds, Elliott Management held the most valuable stake in Arconic Corporation (NYSE:ARNC), which was worth $667.5 million at the end of the third quarter. On the second spot was Lone Pine Capital which amassed $331.8 million worth of shares. First Pacific Advisors LLC, Kensico Capital, and D E Shaw were also very fond of the stock, becoming one of the largest hedge fund holders of the company. In terms of the portfolio weights assigned to each position Elliott Management allocated the biggest weight to Arconic Corporation (NYSE:ARNC), around 12.37% of its 13F portfolio. Kensico Capital is also relatively very bullish on the stock, dishing out 5.31 percent of its 13F equity portfolio to ARNC.