Gerdau
190 hedge funds and large institutions have $1.34B invested in Gerdau in 2023 Q4 according to their latest regulatory filings, with 25 funds opening new positions, 59 increasing their positions, 73 reducing their positions, and 19 closing their positions.
119% more call options, than puts
Call options by funds: $7M | Put options by funds: $3.19M
32% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 19
2% more funds holding
Funds holding: 187 → 190 (+3)
0% more capital invested
Capital invested by funds: $1.33B → $1.34B (+$6.48M)
0.06% less ownership
Funds ownership: 28.68% → 28.62% (-0.06%)
19% less repeat investments, than reductions
Existing positions increased: 59 | Existing positions reduced: 73
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$62.1M |
| 2 |
Capital International Investors
Los Angeles,
California
|
+$28.8M |
| 3 |
Man Group
London,
United Kingdom
|
+$10.8M |
| 4 |
Morgan Stanley
New York
|
+$10.5M |
| 5 |
Two Sigma Investments
New York
|
+$6.74M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IUHSA
Itau Unibanco Holding S.A.
Sao Paulo,
Brazil
|
-$34M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$25.6M |
| 3 |
Goldman Sachs
New York
|
-$17.9M |
| 4 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
-$8.94M |
| 5 |
Acadian Asset Management
Boston,
Massachusetts
|
-$8.09M |
GGB Hedge Fund Activity: Q4 2023 in Review
190 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Gerdau (GGB) for Q4 2023, worth a combined $1.34B — up 0.49% from $1.33B a quarter earlier.
Buyers outnumbered sellers: 25 funds opened new GGB positions and 19 closed out — a net gain of 6 holders — while 59 added to existing stakes and 73 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $62.1M. The largest seller was Itau Unibanco Holding S.A., cutting an estimated $34M.
- 190 institutional investors held Gerdau (GGB) as of Q4 2023, up from 187 in Q3 2023.
- Funds reported $1.34B of Gerdau stock for Q4 2023, up 0.49% quarter-over-quarter.
- 25 funds opened new Gerdau positions in Q4 2023 and 19 closed out, a net change of +6 holders.
- The largest Gerdau buyer in Q4 2023 was Fidelity Investments, an estimated $62.1M added.
- The largest Gerdau seller in Q4 2023 was Itau Unibanco Holding S.A., an estimated $34M sold.
Based on aggregated 13F filings for Q4 2023.