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Gerdau
GGB

122 hedge funds and large institutions have $762M invested in Gerdau in 2020 Q2 according to their latest regulatory filings, with 20 funds opening new positions, 39 increasing their positions, 42 reducing their positions, and 27 closing their positions.

New
Increased
Maintained
Reduced
Closed

56% more capital invested

Capital invested by funds: $488M → $762M (+$274M)

0.25% more ownership

Funds ownership: 28.11% → 28.35% (+0.25%)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

7% less repeat investments, than reductions

Existing positions increased: 39 | Existing positions reduced: 42

5% less funds holding

Funds holding: 129 → 122 (-7)

17% less call options, than puts

Call options by funds: $5.98M | Put options by funds: $7.16M

26% less first-time investments, than exits

New positions opened: 20 | Existing positions closed: 27

Holders
122
Holders Change
-7
Holders Change %
-5.43%
% of All Funds
2.5%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.06%
New
20
Increased
39
Reduced
42
Closed
27
Calls
$5.98M
Puts
$7.16M
Net Calls
-$1.18M
Net Calls Change
+$2.21M

Top Buyers

1
JP Morgan Chase
JP Morgan Chase
New York
+$44.9M
2
Fisher Asset Management
Fisher Asset Management
Washington
+$15.2M
3
BlackRock
BlackRock
New York
+$11.1M
4
Capital International Investors
Capital International Investors
California
+$10.5M
5
PG
Pendal Group
Australia
+$3.75M

Top Sellers

1
LM
Luminus Management
Texas
-$18.4M
2
Goldman Sachs
Goldman Sachs
New York
-$14.1M
3
Morgan Stanley
Morgan Stanley
New York
-$8.14M
4
Vanguard Group
Vanguard Group
Pennsylvania
-$6.59M
5
IUHSA
Itau Unibanco Holding S.A.
Brazil
-$4.72M
Name Holding Trade Value Shares
Change 		Change in
Stake
VanEck Associates
26
VanEck Associates
New York
$2M -$300K -158,306 -16%
PPFA
27
Provida Pension Fund Administrator
Chile
$1.63M +$421K +221,725 +50%
COPPSERS
28
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$1.62M +$59.8K +31,500 +5%
CM
29
CoreCommodity Management
Connecticut
$1.59M +$1.29M +677,617 New
Morgan Stanley
30
Morgan Stanley
New York
$1.54M -$8.14M -4,289,127 -87%
Connor, Clark & Lunn Investment Management (CC&L)
31
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$1.43M +$661K +348,491 +135%
Northern Trust
32
Northern Trust
Illinois
$1.39M -$1.48M -781,302 -57%
Barclays
33
Barclays
United Kingdom
$1.36M -$139K -73,150 -11%
WCA
34
Windsor Creek Advisors
Vermont
$1.27M -$1.28M -674,256 -55%
Millennium Management
35
Millennium Management
New York
$1.27M +$292K +154,017 +40%
B
36
Barings
North Carolina
$1.13M – – –
Goldman Sachs
37
Goldman Sachs
New York
$1.1M -$14.1M -7,433,838 -94%
BNP Paribas Financial Markets
38
BNP Paribas Financial Markets
France
$967K -$180K -95,040 -19%
Thrivent Financial for Lutherans
39
Thrivent Financial for Lutherans
Minnesota
$923K +$66.1K +34,824 +10%
AAMU
40
Amundi Asset Management US
Massachusetts
$870K -$626K -330,145 -47%
PP
41
Paloma Partners
Connecticut
$862K +$464K +244,590 +200%
Daiwa Securities Group
42
Daiwa Securities Group
Japan
$858K – – –
SG Americas Securities
43
SG Americas Securities
New York
$772K -$767K -404,320 -55%
Sumitomo Mitsui Trust Group
44
Sumitomo Mitsui Trust Group
Japan
$562K – – –
PI
45
PineBridge Investments
New York
$507K -$797K -420,238 -66%
CS
46
Credit Suisse
Switzerland
$488K -$1.27M -671,706 -76%
CA
47
Commerzbank Aktiengesellschaft
Germany
$435K +$351K +185,258 New
SO
48
STRS Ohio
Ohio
$426K – – –
BBVA
49
Banco Bilbao Vizcaya Argentaria
Spain
$412K -$785K -413,995 -70%
AQR Capital Management
50
AQR Capital Management
Connecticut
$402K -$331K -174,263 -50%
1
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GGB Hedge Fund Activity: Q2 2020 in Review

122 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Gerdau (GGB) for Q2 2020, worth a combined $762M — up 56% from $488M a quarter earlier.

Sellers outnumbered buyers: 27 funds closed out of GGB and 20 opened new positions — a net loss of 7 holders — while 42 trimmed existing stakes and 39 added.

The largest buyer was JP Morgan Chase, adding an estimated $44.9M. The largest seller was Luminus Management, exiting entirely with an estimated $18.4M sold.

  • 122 institutional investors held Gerdau (GGB) as of Q2 2020, down from 129 in Q1 2020.
  • Funds reported $762M of Gerdau stock for Q2 2020, up 56% quarter-over-quarter.
  • 20 funds opened new Gerdau positions in Q2 2020 and 27 closed out, a net change of -7 holders.
  • The largest Gerdau buyer in Q2 2020 was JP Morgan Chase, an estimated $44.9M added.
  • The largest Gerdau seller in Q2 2020 was Luminus Management, an estimated $18.4M sold.

Based on aggregated 13F filings for Q2 2020.