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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
AQR Capital Management
51
AQR Capital Management
Connecticut
$540K +$34.8K +12,704 +7%
SO
52
STRS Ohio
Ohio
$532K – – –
American Century Companies
53
American Century Companies
Missouri
$521K +$27.5K +10,016 +6%
BNP Paribas Financial Markets
54
BNP Paribas Financial Markets
France
$486K -$675K -246,131 -60%
PP
55
Paloma Partners
Connecticut
$400K -$632K -230,732 -63%
PAM
56
Panagora Asset Management
Massachusetts
$383K – – –
SWP
57
Stratos Wealth Partners
Ohio
$375K – – –
Massachusetts Financial Services
58
Massachusetts Financial Services
Massachusetts
$367K +$32K +11,693 +10%
CLOS
59
Compagnie Lombard Odier SCmA
Switzerland
$353K -$45.4K -16,569 -12%
BBVA
60
Banco Bilbao Vizcaya Argentaria
Spain
$322K -$180K -65,672 -37%
Simplex Trading
61
Simplex Trading
Illinois
$314K +$270K +98,360 +1,140%
CGH
62
Crossmark Global Holdings
Texas
$303K -$21.2K -7,734 -7%
DCM
63
Driehaus Capital Management
Illinois
$296K +$1.86K +679 +0.7%
CS
64
Credit Suisse
Switzerland
$290K -$297K -108,370 -52%
TSS
65
Two Sigma Securities
New York
$266K +$248K +90,476 New
KCM
66
Kathmere Capital Management
Pennsylvania
$260K – – –
Deutsche Bank
67
Deutsche Bank
Germany
$259K +$3 +1 +0%
Comerica Bank
68
Comerica Bank
Texas
$243K -$1.26K -461 -0.6%
Mirae Asset Global Investments
69
Mirae Asset Global Investments
South Korea
$242K -$14.2K -5,175 -6%
Mitsubishi UFJ Trust & Banking
70
Mitsubishi UFJ Trust & Banking
Japan
$222K +$6.91K +2,520 +3%
PA
71
Profund Advisors
Maryland
$210K -$40.9K -14,908 -17%
BDS
72
Banco de Sabadell
Florida
$205K – – –
CIBC World Market
73
CIBC World Market
Ontario, Canada
$203K +$15.2K +5,544 +9%
Parallax Volatility Advisers
74
Parallax Volatility Advisers
California
$191K +$178K +65,031 New
NL
75
NWAM LLC
Washington
$162K -$22.8K -8,316 -13%
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.