Gerdau
129 hedge funds and large institutions have $369M invested in Gerdau in 2016 Q2 according to their latest regulatory filings, with 25 funds opening new positions, 34 increasing their positions, 42 reducing their positions, and 13 closing their positions.
286% more call options, than puts
Call options by funds: $1.05M | Put options by funds: $273K
92% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 13
9% more funds holding
Funds holding: 118 → 129 (+11)
6% more capital invested
Capital invested by funds: $349M → $369M (+$20M)
0.5% more ownership
Funds ownership: 21.89% → 22.39% (+0.5%)
19% less repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 42
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WBC
Westpac Banking Corp
Sydney,
Australia
|
+$34.7M |
| 2 |
Renaissance Technologies
New York
|
+$13.9M |
| 3 |
CCM
Contrarian Capital Management
Greenwich,
Connecticut
|
+$5.98M |
| 4 |
Morgan Stanley
New York
|
+$5.64M |
| 5 |
SGDR
SPX Gestao de Recursos
Rio De Janeiro,
Brazil
|
+$4.55M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lazard Asset Management
New York
|
-$25.2M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$19.9M |
| 3 |
Adage Capital Partners
Boston,
Massachusetts
|
-$7.89M |
| 4 |
FC
Fairpointe Capital
Chicago,
Illinois
|
-$6.17M |
| 5 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
-$6.02M |
GGB Hedge Fund Activity: Q2 2016 in Review
129 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Gerdau (GGB) for Q2 2016, worth a combined $369M — up 5.7% from $349M a quarter earlier.
Buyers outnumbered sellers: 25 funds opened new GGB positions and 13 closed out — a net gain of 12 holders — while 34 added to existing stakes and 42 trimmed.
The largest buyer was Westpac Banking Corp, opening a new position worth an estimated $34.7M. The largest seller was Lazard Asset Management, exiting entirely with an estimated $25.2M sold.
- 129 institutional investors held Gerdau (GGB) as of Q2 2016, up from 118 in Q1 2016.
- Funds reported $369M of Gerdau stock for Q2 2016, up 5.7% quarter-over-quarter.
- 25 funds opened new Gerdau positions in Q2 2016 and 13 closed out, a net change of +12 holders.
- The largest Gerdau buyer in Q2 2016 was Westpac Banking Corp, an estimated $34.7M added.
- The largest Gerdau seller in Q2 2016 was Lazard Asset Management, an estimated $25.2M sold.
Based on aggregated 13F filings for Q2 2016.