Gerdau
130 hedge funds and large institutions have $340M invested in Gerdau in 2015 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 47 increasing their positions, 43 reducing their positions, and 24 closing their positions.
1,048% more call options, than puts
Call options by funds: $2.24M | Put options by funds: $195K
9% more repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 43
0.38% more ownership
Funds ownership: 27.46% → 27.84% (+0.38%)
8% less funds holding
Funds holding: 142 → 130 (-12)
44% less capital invested
Capital invested by funds: $602M → $340M (-$262M)
46% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 24
Top Buyers
| 1 |
FC
Fairpointe Capital
Chicago,
Illinois
|
+$10.9M |
| 2 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
+$9.14M |
| 3 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$8.36M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$5.22M |
| 5 |
CC
Carlson Capital
Dallas,
Texas
|
+$4.92M |
Top Sellers
| 1 |
JP Morgan Chase
New York
|
-$8.81M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$7.33M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$4.22M |
| 4 |
Millennium Management
New York
|
-$3.46M |
| 5 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
-$3.12M |
GGB Hedge Fund Activity: Q3 2015 in Review
130 of the 3,581 institutional investors tracked by Wall St. Rank reported a position in Gerdau (GGB) for Q3 2015, worth a combined $340M — down 44% from $602M a quarter earlier.
Sellers outnumbered buyers: 24 funds closed out of GGB and 13 opened new positions — a net loss of 11 holders — while 43 trimmed existing stakes and 47 added.
The largest buyer was Fairpointe Capital, adding an estimated $10.9M. The largest seller was JP Morgan Chase, cutting an estimated $8.81M.
- 130 institutional investors held Gerdau (GGB) as of Q3 2015, down from 142 in Q2 2015.
- Funds reported $340M of Gerdau stock for Q3 2015, down 44% quarter-over-quarter.
- 13 funds opened new Gerdau positions in Q3 2015 and 24 closed out, a net change of -11 holders.
- The largest Gerdau buyer in Q3 2015 was Fairpointe Capital, an estimated $10.9M added.
- The largest Gerdau seller in Q3 2015 was JP Morgan Chase, an estimated $8.81M sold.
Based on aggregated 13F filings for Q3 2015.