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Gerdau
GGB

148 hedge funds and large institutions have $1.2B invested in Gerdau in 2021 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 58 increasing their positions, 45 reducing their positions, and 36 closing their positions.

New
Increased
Maintained
Reduced
Closed

29% more repeat investments, than reductions

Existing positions increased: 58 | Existing positions reduced: 45

25% more call options, than puts

Call options by funds: $9.07M | Put options by funds: $7.24M

2.84% less ownership

Funds ownership: 29.79% → 26.95% (-2.8%)

13% less funds holding

Funds holding: 170 → 148 (-22)

25% less capital invested

Capital invested by funds: $1.6B → $1.2B (-$392M)

25% less funds holding in top 10

Funds holding in top 10: 4 → 3 (-1)

58% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 36

Holders
148
Holders Change
-22
Holders Change %
-12.94%
% of All Funds
2.59%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.05%
New
15
Increased
58
Reduced
45
Closed
36
Calls
$9.07M
Puts
$7.24M
Net Calls
+$1.83M
Net Calls Change
-$9.24M

Top Buyers

1
Bank of America
Bank of America
North Carolina
+$40.2M
2
IUHSA
Itau Unibanco Holding S.A.
Brazil
+$17.7M
3
SGDR
SPX Gestao de Recursos
Brazil
+$15.1M
4
CCM
Contrarian Capital Management
Connecticut
+$13.5M
5
Deutsche Bank
Deutsche Bank
Germany
+$8.46M

Top Sellers

1
BlackRock
BlackRock
New York
-$55M
2
Morgan Stanley
Morgan Stanley
New York
-$37.4M
3
JP Morgan Chase
JP Morgan Chase
New York
-$36.8M
4
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$34.3M
5
Capital International Investors
Capital International Investors
California
-$25.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
Daiwa Securities Group
51
Daiwa Securities Group
Japan
$1.53M – – –
Amundi
52
Amundi
France
$1.45M – – –
Barclays
53
Barclays
United Kingdom
$1.25M -$409K -93,943 -23%
American Century Companies
54
American Century Companies
Missouri
$1.16M +$48.2K +11,076 +4%
EOJOAM
55
E. Ohman J:or Asset Management
Sweden
$1.11M – – –
BNP Paribas Asset Management
56
BNP Paribas Asset Management
France
$1.05M -$720K -165,438 -38%
GC
57
Guggenheim Capital
Illinois
$874K +$357K +81,895 +58%
Susquehanna International Group
58
Susquehanna International Group
Pennsylvania
$754K +$303K +69,592 +56%
NCM
59
Newfoundland Capital Management
Brazil
$749K – – –
Mirae Asset Global Investments
60
Mirae Asset Global Investments
South Korea
$738K +$70.6K +16,209 +9%
BBVA
61
Banco Bilbao Vizcaya Argentaria
Spain
$723K +$588K +134,946 +293%
SO
62
STRS Ohio
Ohio
$708K – – –
AQR Capital Management
63
AQR Capital Management
Connecticut
$649K +$60.5K +13,904 +9%
Massachusetts Financial Services
64
Massachusetts Financial Services
Massachusetts
$521K – – –
DCM
65
Driehaus Capital Management
Illinois
$520K +$184K +42,342 +47%
SSA
66
Schonfeld Strategic Advisors
New York
$485K +$173K +39,816 +47%
Envestnet Asset Management
67
Envestnet Asset Management
Illinois
$467K -$7.93K -1,822 -1%
CSS
68
Cubist Systematic Strategies
Connecticut
$447K -$2.89M -664,157 -85%
Citadel Advisors
69
Citadel Advisors
Florida
$446K -$478K -109,712 -49%
PPFA
70
Provida Pension Fund Administrator
Chile
$422K – – –
SEC
71
Seven Eight Capital
New York
$412K +$277K +63,630 +152%
CGH
72
Crossmark Global Holdings
Texas
$391K +$66.3K +15,217 +18%
KCGDR
73
Kiron Capital Gestao de Recursos
Brazil
$368K +$2.74K +630 +0.7%
PA
74
Profund Advisors
Maryland
$355K +$15.6K +3,581 +4%
SWP
75
Stratos Wealth Partners
Ohio
$352K +$17 +4 +0%
1 2
3
4 5

GGB Hedge Fund Activity: Q3 2021 in Review

148 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in Gerdau (GGB) for Q3 2021, worth a combined $1.2B — down 25% from $1.6B a quarter earlier.

Sellers outnumbered buyers: 36 funds closed out of GGB and 15 opened new positions — a net loss of 21 holders — while 45 trimmed existing stakes and 58 added.

The largest buyer was Bank of America, adding an estimated $40.2M. The largest seller was BlackRock, cutting an estimated $55M.

  • 148 institutional investors held Gerdau (GGB) as of Q3 2021, down from 170 in Q2 2021.
  • Funds reported $1.2B of Gerdau stock for Q3 2021, down 25% quarter-over-quarter.
  • 15 funds opened new Gerdau positions in Q3 2021 and 36 closed out, a net change of -21 holders.
  • The largest Gerdau buyer in Q3 2021 was Bank of America, an estimated $40.2M added.
  • The largest Gerdau seller in Q3 2021 was BlackRock, an estimated $55M sold.

Based on aggregated 13F filings for Q3 2021.