Lithium Americas (LAC) reported net income of $90.1 million for the third quarter ended September 30, 2026, compared with a net loss of $199.2 million a year earlier. Basic net income per share was $0.19, while diluted net loss per share was $0.05.
The company updated the Thacker Pass Phase 1 capital cost estimate to $3.83 billion, including contingency, and continues to target mechanical completion in late 2027 with ramp-up through 2028.
- Cash and restricted cash totaled $1.2587 billion at September 30, 2026.
- Thacker Pass Phase 1 construction costs were $639.6 million in Q3; total capital expenditure was $662.5 million.
- The company estimates an incremental funding requirement of approximately $995 million following the updated capital cost estimate.
- Detailed engineering was completed and procurement was more than 90% complete as of the project update.
- As of November 11, 2026, LAC had 377,334,749 shares issued and outstanding.
$LAC Hedge Fund Activity
We have seen 134 institutional investors add shares of $LAC stock to their portfolio, and 122 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- AMERIPRISE FINANCIAL INC added 5,748,809 shares (+76.2%) to their portfolio in Q2 2026, for an estimated $22,132,914
- MARSHALL WACE, LLP added 3,441,917 shares (+669.8%) to their portfolio in Q2 2026, for an estimated $13,251,380
- VAN ECK ASSOCIATES CORP removed 2,998,117 shares (-11.7%) from their portfolio in Q2 2026, for an estimated $11,542,750
- LEGAL & GENERAL GROUP PLC removed 2,864,570 shares (-90.6%) from their portfolio in Q2 2026, for an estimated $11,028,594
- WALLEYE CAPITAL LLC removed 1,930,228 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $7,431,377
- D. E. SHAW & CO., INC. added 1,820,854 shares (+80.2%) to their portfolio in Q2 2026, for an estimated $7,010,287
- JANE STREET GROUP, LLC removed 1,726,753 shares (-94.2%) from their portfolio in Q2 2026, for an estimated $6,647,999
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
