Gerdau
140 hedge funds and large institutions have $820M invested in Gerdau in 2018 Q4 according to their latest regulatory filings, with 29 funds opening new positions, 38 increasing their positions, 43 reducing their positions, and 27 closing their positions.
48% more call options, than puts
Call options by funds: $32.5M | Put options by funds: $21.9M
3.11% more ownership
Funds ownership: 21.02% → 24.13% (+3.1%)
7% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 27
1% more funds holding
Funds holding: 139 → 140 (+1)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
12% less repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 43
87% less capital invested
Capital invested by funds: $6.27B → $820M (-$5.45B)
Top Buyers
| 1 |
Capital International Investors
Los Angeles,
California
|
+$268M |
| 2 |
Man Group
London,
United Kingdom
|
+$31.4M |
| 3 |
Morgan Stanley
New York
|
+$13.5M |
| 4 |
Goldman Sachs
New York
|
+$7.46M |
| 5 |
AC
AMS Capital
Sao Paulo,
Brazil
|
+$5.23M |
Top Sellers
| 1 |
SGDR
SPX Gestao de Recursos
Rio De Janeiro,
Brazil
|
-$5.47B |
| 2 |
CGM
Capital Growth Management
Boston,
Massachusetts
|
-$84.2M |
| 3 |
AI
Axiom Investors
Greenwich,
Connecticut
|
-$30M |
| 4 |
Renaissance Technologies
New York
|
-$24.9M |
| 5 |
BlackRock
New York
|
-$21.6M |
GGB Hedge Fund Activity: Q4 2018 in Review
140 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Gerdau (GGB) for Q4 2018, worth a combined $820M — down 87% from $6.27B a quarter earlier.
Buyers outnumbered sellers: 29 funds opened new GGB positions and 27 closed out — a net gain of 2 holders — while 38 added to existing stakes and 43 trimmed.
The largest buyer was Capital International Investors, opening a new position worth an estimated $268M. The largest seller was SPX Gestao de Recursos, exiting entirely with an estimated $5.47B sold.
- 140 institutional investors held Gerdau (GGB) as of Q4 2018, up from 139 in Q3 2018.
- Funds reported $820M of Gerdau stock for Q4 2018, down 87% quarter-over-quarter.
- 29 funds opened new Gerdau positions in Q4 2018 and 27 closed out, a net change of +2 holders.
- The largest Gerdau buyer in Q4 2018 was Capital International Investors, an estimated $268M added.
- The largest Gerdau seller in Q4 2018 was SPX Gestao de Recursos, an estimated $5.47B sold.
Based on aggregated 13F filings for Q4 2018.