Gerdau
GGB
129 hedge funds and large institutions have $488M invested in Gerdau in 2020 Q1 according to their latest regulatory filings, with 29 funds opening new positions, 39 increasing their positions, 43 reducing their positions, and 25 closing their positions.
16% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 25
2.17% more ownership
Funds ownership: 25.94% → 28.11% (+2.2%)
2% more funds holding
Funds holding: 127 → 129 (+2)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
9% less repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 43
58% less capital invested
Capital invested by funds: $1.15B → $488M (-$665M)
64% less call options, than puts
Call options by funds: $1.9M | Put options by funds: $5.29M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital International Investors
Los Angeles,
California
|
+$73.1M |
| 2 |
LM
Luminus Management
Houston,
Texas
|
+$38.5M |
| 3 |
Renaissance Technologies
New York
|
+$19.5M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
+$11.5M |
| 5 |
Goldman Sachs
New York
|
+$10.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
-$20.7M |
| 2 |
Morgan Stanley
New York
|
-$19.6M |
| 3 |
CCM
Contrarian Capital Management
Greenwich,
Connecticut
|
-$9.08M |
| 4 |
JP Morgan Chase
New York
|
-$8.86M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$7.45M |
GGB Hedge Fund Activity: Q1 2020 in Review
129 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Gerdau (GGB) for Q1 2020, worth a combined $488M — down 58% from $1.15B a quarter earlier.
Buyers outnumbered sellers: 29 funds opened new GGB positions and 25 closed out — a net gain of 4 holders — while 39 added to existing stakes and 43 trimmed.
The largest buyer was Capital International Investors, adding an estimated $73.1M. The largest seller was Bank of Nova Scotia, exiting entirely with an estimated $20.7M sold.
- 129 institutional investors held Gerdau (GGB) as of Q1 2020, up from 127 in Q4 2019.
- Funds reported $488M of Gerdau stock for Q1 2020, down 58% quarter-over-quarter.
- 29 funds opened new Gerdau positions in Q1 2020 and 25 closed out, a net change of +4 holders.
- The largest Gerdau buyer in Q1 2020 was Capital International Investors, an estimated $73.1M added.
- The largest Gerdau seller in Q1 2020 was Bank of Nova Scotia, an estimated $20.7M sold.
Based on aggregated 13F filings for Q1 2020.