Two Sigma Advisers’s Gerdau GGB Stock Holding History

Two Sigma Advisers’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
2026 Q1	–	Sell	-525,580	Closed	-$1.94M	–	861
2025 Q4	$1.94M	Sell	525,580 -2,693,780	-84%	-$9.41M	﹤0.01%	1203
2025 Q3	$9.98M	Sell	3,219,360 -2,447,700	-43%	-$7.41M	0.02%	498
2025 Q2	$16.5M	Sell	5,667,060 -4,310,600	-43%	-$11.8M	0.03%	377
2025 Q1	$28.3M	Sell	9,977,660 -2,668,000	-21%	-$7.79M	0.06%	275
2024 Q4	$36.4M	Buy	12,645,660 +6,548,200	+107%	+$21.6M	0.08%	206
2024 Q3	$21.3M	Buy	6,097,460 +4,565,900	+298%	+$15M	0.05%	306
2024 Q2	$5.05M	Buy	1,531,560 +513,360	+50%	+$1.81M	0.01%	751
2024 Q1	$3.75M	Buy	1,018,200 +442,680	+77%	+$1.6M	0.01%	908
2023 Q4	$2.33M	Buy	575,520 +462,240	+408%	+$1.77M	0.01%	1203
2023 Q3	$450K	Buy	+113,280	New	+$503K	﹤0.01%	1830
2023 Q2	–	Sell	-570,264	Closed	-$2.34M	–	2484
2023 Q1	$2.34M	Sell	570,264 -572,808	-50%	-$2.57M	0.01%	1195
2022 Q4	$5.03M	Buy	1,143,072 +832,608	+268%	+$3.58M	0.01%	782
2022 Q3	$1.11M	Sell	310,464 -520,884	-63%	-$1.89M	﹤0.01%	1469
2022 Q2	$2.83M	Buy	831,348 +755,748	+1,000%	+$3.36M	0.01%	1039
2022 Q1	$386K	Buy	75,600 +18,648	+33%	+$80.1K	﹤0.01%	2107
2021 Q4	$222K	Sell	56,952 -467,208	-89%	-$1.78M	﹤0.01%	2250
2021 Q3	$2.05M	Sell	524,160 -1,512,756	-74%	-$6.59M	0.01%	1236
2021 Q2	$9.54M	Buy	2,036,916 +1,949,850	+2,240%	+$9.54M	0.03%	585
2021 Q1	$369K	Buy	+87,066	New	+$330K	﹤0.01%	2136
2020 Q1	–	Sell	-218,736	Closed	-$851K	–	2500
2019 Q4	$851K	Buy	218,736 +94,626	+76%	+$281K	﹤0.01%	1652
2019 Q3	$310K	Sell	124,110 -43,092	-26%	-$115K	﹤0.01%	1912
2019 Q2	$516K	Buy	167,202 +125,748	+303%	+$369K	﹤0.01%	1798
2019 Q1	$128K	Sell	41,454 -213,570	-84%	-$692K	﹤0.01%	2165
2018 Q4	$761K	Buy	255,024 +157,626	+162%	+$511K	﹤0.01%	1606
2018 Q3	$325K	Sell	97,398 -600,012	-86%	-$1.93M	﹤0.01%	1933
2018 Q2	$1.96M	Sell	697,410 -322,938	-32%	-$1.13M	0.01%	1302
2018 Q1	$3.77M	Buy	1,020,348 +428,526	+72%	+$1.57M	0.01%	960
2017 Q4	$1.75M	Buy	591,822 +228,564	+63%	+$622K	﹤0.01%	1304
2017 Q3	$989K	Buy	363,258 +8,442	+2%	+$23.7K	﹤0.01%	1485
2017 Q2	$859K	Sell	354,816 -1,822,968	-84%	-$4.31M	﹤0.01%	1588
2017 Q1	$5.96M	Buy	2,177,784 +256,032	+13%	+$795K	0.02%	742
2016 Q4	$4.79M	Buy	1,921,752 +1,794,804	+1,414%	+$4.89M	0.02%	749
2016 Q3	$274K	Sell	126,948 -85,614	-40%	-$172K	﹤0.01%	1913
2016 Q2	$307K	Sell	212,562 -366,222	-63%	-$540K	﹤0.01%	1708
2016 Q1	$818K	Buy	578,784 +242,172	+72%	+$215K	﹤0.01%	1221
2015 Q4	$321K	Buy	+336,612	New	+$389K	﹤0.01%	1498
2015 Q1	–	Sell	-28,920	Closed	-$81K	–	2082
2014 Q4	$81K	Buy	+28,920	New	+$95.9K	﹤0.01%	2348
2014 Q1	–	Sell	-79,950	Closed	-$497K	–	2361
2013 Q4	$497K	Buy	+79,950	New	+$499K	﹤0.01%	1597

Other funds holding GGB

Capital World Investors Los Angeles, California $733B AUM 35.63% 1-Year Est. Return

Two Sigma Investments New York $124B AUM 33.93% 1-Year Est. Return

DSC

Donald Smith & Co New York $5.56B AUM 47.13% 1-Year Est. Return

CCM

Contrarian Capital Management Greenwich, Connecticut $357M AUM 18.27% 1-Year Est. Return

Aquamarine Financial George Town $1.37B AUM

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

Acadian Asset Management Boston, Massachusetts $70.5B AUM 36% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $481B AUM 30.42% 1-Year Est. Return

Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return

Renaissance Technologies New York $63.9B AUM 45.56% 1-Year Est. Return

Two Sigma Advisers's GGB Position: Q1 2026 in Review

Two Sigma Advisers sold out of Gerdau (GGB) in Q1 2026, closing a stake of 525,580 shares — an estimated $1.94M sold.

Two Sigma Advisers first reported a position in GGB in Q4 2013 and held it in 38 quarters. The position peaked at $36.4M in Q4 2024. 193 funds tracked by Wall St. Rank hold GGB as of Q1 2026.

Two Sigma Advisers reported no remaining Gerdau position as of Q1 2026 after selling out during the quarter.
Two Sigma Advisers sold 525,580 Gerdau shares in Q1 2026, an estimated $1.94M.
Two Sigma Advisers first reported a position in Gerdau in Q4 2013 and held it in 38 quarters.
Two Sigma Advisers's Gerdau position peaked at $36.4M in Q4 2024.
193 funds tracked by Wall St. Rank held Gerdau as of Q1 2026.

Based on Two Sigma Advisers's 13F filing for Q1 2026.