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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
American Century Companies
51
American Century Companies
Missouri
$393K +$39.7K +20,938 +14%
VF
52
Virtu Financial
New York
$387K +$312K +164,528 New
Bank of America
53
Bank of America
North Carolina
$379K -$2.79M -1,469,860 -90%
CLOS
54
Compagnie Lombard Odier SCmA
Switzerland
$321K +$226K +119,012 +675%
PAM
55
Panagora Asset Management
Massachusetts
$307K – – –
UBS Group
56
UBS Group
Switzerland
$301K -$307K -161,838 -56%
SWP
57
Stratos Wealth Partners
Ohio
$300K +$3.11K +1,638 +1%
IUHSA
58
Itau Unibanco Holding S.A.
Brazil
$290K -$4.72M -2,490,457 -96%
Citigroup
59
Citigroup
New York
$280K +$149K +78,609 +193%
Massachusetts Financial Services
60
Massachusetts Financial Services
Massachusetts
$266K +$39.9K +21,037 +23%
CGH
61
Crossmark Global Holdings
Texas
$261K -$6.41K -3,380 -3%
QC
62
Quadrature Capital
United Kingdom
$260K +$210K +110,782 New
Bank of New York Mellon
63
Bank of New York Mellon
New York
$240K +$31.3K +16,507 +19%
DCM
64
Driehaus Capital Management
Illinois
$235K +$190K +100,092 New
KCM
65
Kathmere Capital Management
Pennsylvania
$208K – – –
Deutsche Bank
66
Deutsche Bank
Germany
$207K -$1.43M -752,841 -90%
Mirae Asset Global Investments
67
Mirae Asset Global Investments
South Korea
$206K +$40.6K +21,416 +32%
PA
68
Profund Advisors
Maryland
$203K +$34.7K +18,281 +27%
ARTA
69
A.R.T. Advisors
New York
$201K +$163K +85,761 New
Comerica Bank
70
Comerica Bank
Texas
$195K +$7.03K +3,703 +5%
Mitsubishi UFJ Trust & Banking
71
Mitsubishi UFJ Trust & Banking
Japan
$172K -$18.8K -9,900 -12%
BDS
72
Banco de Sabadell
Florida
$165K – – –
NL
73
NWAM LLC
Washington
$149K -$12.2K -6,426 -9%
CIBC World Market
74
CIBC World Market
Ontario, Canada
$149K – – –
Truist Financial
75
Truist Financial
North Carolina
$122K -$13K -6,837 -12%
1 2
3
4 5

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.