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Gerdau
GGB

128 hedge funds and large institutions have $958M invested in Gerdau in 2020 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 41 increasing their positions, 49 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

55% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 11

26% more capital invested

Capital invested by funds: $762M → $958M (+$196M)

18% more call options, than puts

Call options by funds: $9.96M | Put options by funds: $8.41M

5% more funds holding

Funds holding: 122 → 128 (+6)

0.52% more ownership

Funds ownership: 28.35% → 28.88% (+0.52%)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

16% less repeat investments, than reductions

Existing positions increased: 41 | Existing positions reduced: 49

Holders
128
Holders Change
+6
Holders Change %
+4.92%
% of All Funds
2.58%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.06%
New
17
Increased
41
Reduced
49
Closed
11
Calls
$9.96M
Puts
$8.41M
Net Calls
+$1.55M
Net Calls Change
+$2.73M

Top Buyers

1
Bank of America
Bank of America
North Carolina
+$20.6M
2
IUHSA
Itau Unibanco Holding S.A.
Brazil
+$15.7M
3
Goldman Sachs
Goldman Sachs
New York
+$13.3M
4
Millennium Management
Millennium Management
New York
+$7.06M
5
UBS Group
UBS Group
Switzerland
+$5.41M

Top Sellers

1
BlackRock
BlackRock
New York
-$14.5M
2
Fisher Asset Management
Fisher Asset Management
Washington
-$12.4M
3
Renaissance Technologies
Renaissance Technologies
New York
-$9.99M
4
Wellington Management Group
Wellington Management Group
Massachusetts
-$6.75M
5
CII
Capital International Inc
California
-$3.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
DADR
26
Dynamo Administracao de Recursos
Brazil
$3.26M +$345 +126 +0%
DIGDR
27
Dynamo Internacional Gestao de Recursos
Brazil
$3M – – –
BNP Paribas Asset Management
28
BNP Paribas Asset Management
France
$2.66M +$29.4K +10,710 +1%
Connor, Clark & Lunn Investment Management (CC&L)
29
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$2.42M +$596K +217,427 +36%
HSBC Holdings
30
HSBC Holdings
United Kingdom
$2.29M -$574K -209,601 -21%
PPA
31
Parametric Portfolio Associates
Washington
$2.24M -$1.09M -397,557 -34%
Northern Trust
32
Northern Trust
Illinois
$2.11M +$355K +129,449 +22%
Acadian Asset Management
33
Acadian Asset Management
Massachusetts
$1.95M +$1.82M +665,144 New
VanEck Associates
34
VanEck Associates
New York
$1.85M -$605K -220,820 -26%
Daiwa Securities Group
35
Daiwa Securities Group
Japan
$1.74M +$70.1K +25,578 +5%
CM
36
CoreCommodity Management
Connecticut
$1.61M -$352K -128,603 -19%
Barclays
37
Barclays
United Kingdom
$1.53M -$161K -58,812 -10%
DekaBank Deutsche Girozentrale
38
DekaBank Deutsche Girozentrale
Germany
$1.46M +$1.44M +524,409 New
Citigroup
39
Citigroup
New York
$1.32M +$904K +329,992 +277%
PPFA
40
Provida Pension Fund Administrator
Chile
$1.24M -$608K -221,725 -33%
AAMU
41
Amundi Asset Management US
Massachusetts
$1.09M – – –
COPPSERS
42
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$836K -$1.11M -405,594 -59%
Invesco
43
Invesco
Georgia
$819K +$765K +279,026 New
WCA
44
Windsor Creek Advisors
Vermont
$791K -$747K -272,412 -50%
Thrivent Financial for Lutherans
45
Thrivent Financial for Lutherans
Minnesota
$754K -$373K -136,211 -35%
Qube Research & Technologies (QRT)
46
Qube Research & Technologies (QRT)
United Kingdom
$663K +$619K +225,808 New
T2I
47
Turim 21 Investimentos
Brazil
$610K +$569K +207,577 New
PI
48
PineBridge Investments
New York
$606K -$25.8K -9,420 -4%
Sumitomo Mitsui Trust Group
49
Sumitomo Mitsui Trust Group
Japan
$576K -$118K -43,092 -18%
Schroder Investment Management Group
50
Schroder Investment Management Group
United Kingdom
$570K +$543K +198,269 New
1
2
3 4 5

GGB Hedge Fund Activity: Q3 2020 in Review

128 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Gerdau (GGB) for Q3 2020, worth a combined $958M — up 26% from $762M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new GGB positions and 11 closed out — a net gain of 6 holders — while 41 added to existing stakes and 49 trimmed.

The largest buyer was Bank of America, adding an estimated $20.6M. The largest seller was BlackRock, cutting an estimated $14.5M.

  • 128 institutional investors held Gerdau (GGB) as of Q3 2020, up from 122 in Q2 2020.
  • Funds reported $958M of Gerdau stock for Q3 2020, up 26% quarter-over-quarter.
  • 17 funds opened new Gerdau positions in Q3 2020 and 11 closed out, a net change of +6 holders.
  • The largest Gerdau buyer in Q3 2020 was Bank of America, an estimated $20.6M added.
  • The largest Gerdau seller in Q3 2020 was BlackRock, an estimated $14.5M sold.

Based on aggregated 13F filings for Q3 2020.