Gerdau
127 hedge funds and large institutions have $1.15B invested in Gerdau in 2019 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 36 increasing their positions, 51 reducing their positions, and 25 closing their positions.
53% more capital invested
Capital invested by funds: $752M → $1.15B (+$401M)
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
0.3% less ownership
Funds ownership: 26.24% → 25.94% (-0.3%)
4% less funds holding
Funds holding: 132 → 127 (-5)
16% less first-time investments, than exits
New positions opened: 21 | Existing positions closed: 25
29% less repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 51
52% less call options, than puts
Call options by funds: $7.73M | Put options by funds: $16.1M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital International Investors
Los Angeles,
California
|
+$23.3M |
| 2 |
Morgan Stanley
New York
|
+$18.1M |
| 3 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
+$14.7M |
| 4 |
CCM
Contrarian Capital Management
Greenwich,
Connecticut
|
+$8.03M |
| 5 |
PG
Pendal Group
Sydney,
Australia
|
+$6.93M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$36.7M |
| 2 |
JP Morgan Chase
New York
|
-$21.8M |
| 3 |
IUHSA
Itau Unibanco Holding S.A.
Sao Paulo,
Brazil
|
-$10.9M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
-$6.35M |
| 5 |
N
Nuveen
Charlotte,
North Carolina
|
-$5.32M |
GGB Hedge Fund Activity: Q4 2019 in Review
127 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Gerdau (GGB) for Q4 2019, worth a combined $1.15B — up 53% from $752M a quarter earlier.
Sellers outnumbered buyers: 25 funds closed out of GGB and 21 opened new positions — a net loss of 4 holders — while 51 trimmed existing stakes and 36 added.
The largest buyer was Capital International Investors, adding an estimated $23.3M. The largest seller was Bank of America, cutting an estimated $36.7M.
- 127 institutional investors held Gerdau (GGB) as of Q4 2019, down from 132 in Q3 2019.
- Funds reported $1.15B of Gerdau stock for Q4 2019, up 53% quarter-over-quarter.
- 21 funds opened new Gerdau positions in Q4 2019 and 25 closed out, a net change of -4 holders.
- The largest Gerdau buyer in Q4 2019 was Capital International Investors, an estimated $23.3M added.
- The largest Gerdau seller in Q4 2019 was Bank of America, an estimated $36.7M sold.
Based on aggregated 13F filings for Q4 2019.