Gerdau
221 hedge funds and large institutions have $1.5B invested in Gerdau in 2023 Q1 according to their latest regulatory filings, with 28 funds opening new positions, 82 increasing their positions, 99 reducing their positions, and 28 closing their positions.
109% more call options, than puts
Call options by funds: $8.63M | Put options by funds: $4.14M
1% more capital invested
Capital invested by funds: $1.48B → $1.5B (+$17.3M)
0% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 28
1.34% less ownership
Funds ownership: 32.25% → 30.91% (-1.3%)
2% less funds holding
Funds holding: 225 → 221 (-4)
17% less repeat investments, than reductions
Existing positions increased: 82 | Existing positions reduced: 99
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital International Investors
Los Angeles,
California
|
+$51.5M |
| 2 |
CCM
Causeway Capital Management
Los Angeles,
California
|
+$38M |
| 3 |
Optiver Holding
Amsterdam,
Netherlands
|
+$34M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$23.5M |
| 5 |
Morgan Stanley
New York
|
+$19.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$45.6M |
| 2 |
Man Group
London,
United Kingdom
|
-$30.1M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$24.1M |
| 4 |
Two Sigma Investments
New York
|
-$21.5M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$14M |
GGB Hedge Fund Activity: Q1 2023 in Review
221 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Gerdau (GGB) for Q1 2023, worth a combined $1.5B — up 1.2% from $1.48B a quarter earlier.
Fund positioning in GGB was balanced in Q1 2023: 28 funds opened new positions, 28 closed out, 82 added to existing stakes and 99 trimmed.
The largest buyer was Capital International Investors, adding an estimated $51.5M. The largest seller was Millennium Management, cutting an estimated $45.6M.
- 221 institutional investors held Gerdau (GGB) as of Q1 2023, down from 225 in Q4 2022.
- Funds reported $1.5B of Gerdau stock for Q1 2023, up 1.2% quarter-over-quarter.
- 28 funds opened new Gerdau positions in Q1 2023 and 28 closed out, a net change of 0 holders.
- The largest Gerdau buyer in Q1 2023 was Capital International Investors, an estimated $51.5M added.
- The largest Gerdau seller in Q1 2023 was Millennium Management, an estimated $45.6M sold.
Based on aggregated 13F filings for Q1 2023.