Axa’s Gerdau GGB Stock Holding History

Axa’s Portfolio GGB Stock Details GGB Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q3	–	Sell	-1,024,392	Closed	-$2.99M	–	472
2025 Q2	$2.99M	Hold	1,024,392	–	–	0.01%	675
2025 Q1	$2.91M	Hold	1,024,392	–	–	0.01%	659
2024 Q4	$2.95M	Hold	1,024,392	–	–	0.01%	679
2024 Q3	$3.59M	Hold	1,024,392	–	–	0.01%	629
2024 Q2	$3.38M	Sell	1,024,392 -133,537	-12%	-$472K	0.01%	639
2024 Q1	$3.55M	Hold	1,157,929	–	–	0.01%	643
2023 Q4	$4.68M	Hold	1,157,929	–	–	0.02%	567
2023 Q3	$4.6M	Sell	1,157,929 -897,715	-44%	-$3.99M	0.02%	548
2023 Q2	$8.94M	Buy	2,055,644 +84,757	+4%	+$354K	0.03%	436
2023 Q1	$8.1M	Buy	1,970,887 +1,510,017	+328%	+$6.76M	0.03%	455
2022 Q4	$2.03M	Buy	460,870 +425,392	+1,199%	+$1.83M	0.01%	778
2022 Q3	$127K	Hold	35,478	–	–	﹤0.01%	1106
2022 Q2	$121K	Hold	35,478	–	–	﹤0.01%	1094
2022 Q1	$181K	Buy	+35,478	New	+$152K	﹤0.01%	1158
2013 Q3	–	Sell	-733	Closed	-$4K	–	1291
2013 Q2	$4K	Buy	+733	New	+$3.96K	﹤0.01%	1262

Other funds holding GGB

Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return

Capital International Investors Los Angeles, California $484B AUM 34.9% 1-Year Est. Return

CCM

Contrarian Capital Management Greenwich, Connecticut $306M AUM 23.06% 1-Year Est. Return

Aquamarine Financial George Town $1.81B AUM 38.21% 1-Year Est. Return

DSC

Donald Smith & Co New York $5.65B AUM 47.79% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.55T AUM 33.47% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $552B AUM 44.19% 1-Year Est. Return

Renaissance Technologies New York $72.6B AUM 54.88% 1-Year Est. Return

IUHSA

Itau Unibanco Holding S.A. Sao Paulo, Brazil $5.27B AUM 41.17% 1-Year Est. Return

Two Sigma Investments New York $138B AUM 41.87% 1-Year Est. Return

Axa's GGB Position: Q3 2025 in Review

Axa sold out of Gerdau (GGB) in Q3 2025, closing a stake of 1,024,392 shares — an estimated $2.99M sold.

Axa first reported a position in GGB in Q2 2013 and held it in 15 quarters. The position peaked at $8.94M in Q2 2023. 176 funds tracked by Wall St. Rank hold GGB as of Q3 2025.

Axa reported no remaining Gerdau position as of Q3 2025 after selling out during the quarter.
Axa sold 1,024,392 Gerdau shares in Q3 2025, an estimated $2.99M.
Axa first reported a position in Gerdau in Q2 2013 and held it in 15 quarters.
Axa's Gerdau position peaked at $8.94M in Q2 2023.
176 funds tracked by Wall St. Rank held Gerdau as of Q3 2025.

Based on Axa's 13F filing for Q3 2025, filed 14 Nov 2025.