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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
Truist Financial
76
Truist Financial
North Carolina
$155K +$1.25K +456 +0.9%
Credit Agricole
77
Credit Agricole
France
$139K – – –
First Trust Advisors
78
First Trust Advisors
Illinois
$128K +$6.2K +2,261 +5%
Tudor Investment Corp
79
Tudor Investment Corp
Connecticut
$118K +$110K +40,135 New
BCV
80
Banque Cantonale Vaudoise
Switzerland
$111K +$104K +37,800 New
SEI Investments
81
SEI Investments
Pennsylvania
$110K -$7.24K -2,641 -7%
HIMC
82
Heritage Investors Management Corp
Maryland
$97K +$3.13K +1,141 +4%
JIC
83
Johnson Investment Counsel
Ohio
$96K – – –
NFG
84
Next Financial Group
Texas
$85K – – –
VPIM
85
Vanguard Personalized Indexing Management
California
$82K +$8.96K +3,271 +13%
Envestnet Asset Management
86
Envestnet Asset Management
Illinois
$81K -$18.2K -6,634 -19%
Franklin Resources
87
Franklin Resources
California
$80K +$74.3K +27,123 New
UBS AM
88
UBS AM
Illinois
$77.3K – – –
QC
89
QCM Cayman
Texas
$76K -$28K -10,214 -28%
Wolverine Trading
90
Wolverine Trading
Illinois
$71K -$9.76K -3,559 -12%
W
91
WealthStone
Ohio
$65K +$15.3K +5,598 +34%
N
92
Nuveen
North Carolina
$62K -$8.07K -2,944 -12%
AP
93
Advisor Partners
California
$58K +$650 +237 +1%
PNC Financial Services Group
94
PNC Financial Services Group
Pennsylvania
$58K +$1.21K +440 +2%
Wells Fargo
95
Wells Fargo
California
$56K +$52.6K +19,190 New
Bank of New York Mellon
96
Bank of New York Mellon
New York
$55K -$228K -83,160 -82%
Susquehanna International Group
97
Susquehanna International Group
Pennsylvania
$55K +$5.99K +2,187 +13%
Royal Bank of Canada
98
Royal Bank of Canada
Ontario, Canada
$54K -$14K -5,122 -22%
CSS
99
Cubist Systematic Strategies
Connecticut
$51K -$22.2K -8,112 -32%
PWPS
100
Pinnacle Wealth Planning Services
Ohio
$50K -$1.52K -556 -3%
2 3
4
5 6

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.