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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
RJA
101
Raymond James & Associates
Florida
$50K -$173 -63 -0.4%
GT
102
Greenleaf Trust
Michigan
$50K – – –
MGWM
103
Marks Group Wealth Management
Minnesota
$50K – – –
BAM
104
Blueshift Asset Management
New Jersey
$50K +$46.3K +16,879 New
Bank of Nova Scotia
105
Bank of Nova Scotia
Ontario, Canada
$50K +$46.7K +17,028 New
SG Americas Securities
106
SG Americas Securities
New York
$49K -$855K -312,033 -95%
CCP
107
Corient Capital Partners
California
$45K +$2.91K +1,061 +7%
LNC
108
Lincoln National Corp
Pennsylvania
$38K -$1.21K -441 -3%
D.E. Shaw & Co
109
D.E. Shaw & Co
New York
$37K +$34.6K +12,615 New
PA
110
Parallel Advisors
California
$35K – – –
US Bancorp
111
US Bancorp
Minnesota
$27K – – –
S
112
SignatureFD
Georgia
$24K +$1.9K +693 +9%
PI
113
PEAK6 Investments
Illinois
$18K -$7.53K -2,747 -31%
CAW
114
Cornerstone Advisors (Washington)
Washington
$17K +$1.82K +665 +13%
Pacer Advisors
115
Pacer Advisors
Pennsylvania
$15K +$6.96K +2,541 +97%
TRCT
116
Tower Research Capital (TRC)
New York
$14K -$27.2K -9,942 -68%
ASN
117
Advisory Services Network
Georgia
$13K +$11.9K +4,326 New
Osaic Holdings
118
Osaic Holdings
Arizona
$11K – – –
Millennium Management
119
Millennium Management
New York
$9.15K +$7.06M +2,574,245 +476%
NSIM
120
North Star Investment Management
Illinois
$7K – – –
QCG
121
Quadrant Capital Group
Ohio
$6K +$186 +68 +4%
TWI
122
Thomas White International
Illinois
$5K -$19.7K -7,170 -82%
LC
123
Lindbrook Capital
California
$5K – – –
BCA
124
Berman Capital Advisors
Georgia
$2K -$932 -340 -26%
Fidelity Investments
125
Fidelity Investments
Massachusetts
$2K -$11 -4 -0.7%
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.