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Gerdau
GGB

153 hedge funds and large institutions have $1.21B invested in Gerdau in 2020 Q4 according to their latest regulatory filings, with 38 funds opening new positions, 42 increasing their positions, 45 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

217% more first-time investments, than exits

New positions opened: 38 | Existing positions closed: 12

67% more funds holding in top 10

Funds holding in top 10: 3 → 5 (+2)

26% more capital invested

Capital invested by funds: $958M → $1.21B (+$253M)

20% more funds holding

Funds holding: 128 → 153 (+25)

2% more call options, than puts

Call options by funds: $11.7M | Put options by funds: $11.5M

0.37% less ownership

Funds ownership: 28.88% → 28.51% (-0.37%)

7% less repeat investments, than reductions

Existing positions increased: 42 | Existing positions reduced: 45

Holders
153
Holders Change
+25
Holders Change %
+19.53%
% of All Funds
2.71%
Holding in Top 10
5
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+66.67%
% of All Funds
0.09%
New
38
Increased
42
Reduced
45
Closed
12
Calls
$11.7M
Puts
$11.5M
Net Calls
+$241K
Net Calls Change
-$1.31M

Top Buyers

1
CGM
Capital Growth Management
Massachusetts
+$29.8M
2
Deutsche Bank
Deutsche Bank
Germany
+$17M
3
BlackRock
BlackRock
New York
+$15.6M
4
ICP
Indus Capital Partners
New York
+$6.14M
5
Capital International Investors
Capital International Investors
California
+$3.88M

Top Sellers

1
Bank of America
Bank of America
North Carolina
-$22.6M
2
JP Morgan Chase
JP Morgan Chase
New York
-$18.9M
3
Goldman Sachs
Goldman Sachs
New York
-$16.1M
4
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
-$8.52M
5
Millennium Management
Millennium Management
New York
-$6.33M
Name Holding Trade Value Shares
Change 		Change in
Stake
Comerica Bank
76
Comerica Bank
Texas
$286K +$12.3K +3,683 +5%
BDS
77
Banco de Sabadell
Florida
$266K – – –
LSA
78
Leonteq Securities AG
Switzerland
$265K +$238K +71,438 New
CM
79
CoreCommodity Management
Connecticut
$263K -$1.59M -478,101 -87%
Squarepoint
80
Squarepoint
New York
$261K +$234K +70,334 New
CIBC World Market
81
CIBC World Market
Ontario, Canada
$256K +$30 +9 +0%
BIM
82
Bogle Investment Management
Massachusetts
$225K +$202K +60,606 New
SGDR
83
SPX Gestao de Recursos
Brazil
$223K +$200K +60,162 New
SCM
84
Stevens Capital Management
Pennsylvania
$215K +$193K +57,877 New
QWM
85
QP Wealth Management
New Jersey
$207K +$186K +55,863 New
DTL
86
Dynamic Technology Lab
Singapore
$201K +$181K +54,209 New
Truist Financial
87
Truist Financial
North Carolina
$193K -$1.65K -494 -0.9%
Mitsubishi UFJ Trust & Banking
88
Mitsubishi UFJ Trust & Banking
Japan
$188K -$83.5K -25,062 -33%
Credit Agricole
89
Credit Agricole
France
$166K -$8.4K -2,520 -5%
NL
90
NWAM LLC
Washington
$165K -$35.5K -10,647 -19%
First Trust Advisors
91
First Trust Advisors
Illinois
$159K -$2.24K -671 -2%
SG Americas Securities
92
SG Americas Securities
New York
$142K +$71.8K +21,563 +129%
BCV
93
Banque Cantonale Vaudoise
Switzerland
$140K – – –
Connor, Clark & Lunn Investment Management (CC&L)
94
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$122K -$2.64M -791,220 -96%
HIMC
95
Heritage Investors Management Corp
Maryland
$122K – – –
JIC
96
Johnson Investment Counsel
Ohio
$121K – – –
RJA
97
Raymond James & Associates
Florida
$121K +$52.1K +15,637 +92%
VPIM
98
Vanguard Personalized Indexing Management
California
$112K +$7.82K +2,348 +8%
QI
99
Qtron Investments
Massachusetts
$109K +$98K +29,412 New
NFG
100
Next Financial Group
Texas
$107K – – –
2 3
4
5 6

GGB Hedge Fund Activity: Q4 2020 in Review

153 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Gerdau (GGB) for Q4 2020, worth a combined $1.21B — up 26% from $958M a quarter earlier.

Buyers outnumbered sellers: 38 funds opened new GGB positions and 12 closed out — a net gain of 26 holders — while 42 added to existing stakes and 45 trimmed.

The largest buyer was Capital Growth Management, opening a new position worth an estimated $29.8M. The largest seller was Bank of America, cutting an estimated $22.6M.

  • 153 institutional investors held Gerdau (GGB) as of Q4 2020, up from 128 in Q3 2020.
  • Funds reported $1.21B of Gerdau stock for Q4 2020, up 26% quarter-over-quarter.
  • 38 funds opened new Gerdau positions in Q4 2020 and 12 closed out, a net change of +26 holders.
  • The largest Gerdau buyer in Q4 2020 was Capital Growth Management, an estimated $29.8M added.
  • The largest Gerdau seller in Q4 2020 was Bank of America, an estimated $22.6M sold.

Based on aggregated 13F filings for Q4 2020.