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Gerdau
GGB

125 hedge funds and large institutions have $292M invested in Gerdau in 2015 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 40 increasing their positions, 49 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,723% more call options, than puts

Call options by funds: $2M | Put options by funds: $110K

1.07% less ownership

Funds ownership: 27.84% → 26.77% (-1.1%)

4% less funds holding

Funds holding: 130 → 125 (-5)

14% less capital invested

Capital invested by funds: $340M → $292M (-$47.7M)

18% less repeat investments, than reductions

Existing positions increased: 40 | Existing positions reduced: 49

21% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 19

Holders
125
Holders Change
-5
Holders Change %
-3.85%
% of All Funds
3.28%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
15
Increased
40
Reduced
49
Closed
19
Calls
$2M
Puts
$110K
Net Calls
+$1.9M
Net Calls Change
-$148K

Top Buyers

1
Lazard Asset Management
Lazard Asset Management
New York
+$12.9M
2
OCM
Oaktree Capital Management
California
+$12.8M
3
RFC
Russell Frank Company
Washington
+$5.62M
4
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
+$4.05M
5
Renaissance Technologies
Renaissance Technologies
New York
+$3.47M

Top Sellers

1
GAM
Genesis Asset Managers
United Kingdom
-$14.2M
2
FC
Fairpointe Capital
Illinois
-$9.51M
3
CC
Carlson Capital
Texas
-$7.07M
4
Deutsche Bank
Deutsche Bank
Germany
-$5.11M
5
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
-$3.82M
Name Holding Trade Value Shares
Change 		Change in
Stake
QIM
126
Quantitative Investment Management
Virginia
– -$384K -353,556 Closed
CM
127
CoreCommodity Management
Connecticut
– -$261K -239,825 Closed
TRCT
128
Tower Research Capital (TRC)
New York
– -$231K -212,774 Closed
HS
129
HighVista Strategies
Massachusetts
– -$217K -199,231 Closed
HCM
130
Highbridge Capital Management
New York
– -$179K -164,760 Closed
AL
131
Airain Ltd
Guernsey
– -$101K -93,180 Closed
OAM
132
Oxford Asset Management
United Kingdom
– -$75K -68,940 Closed
NG
133
NatWest Group
United Kingdom
– -$72K -66,425 Closed
CSS
134
Cubist Systematic Strategies
Connecticut
– -$51K -47,027 Closed
HF
135
HRT Financial
New York
– -$20K -19,113 Closed
DAM
136
Deltec Asset Management
New York
– -$14K -12,600 Closed
PNC Financial Services Group
137
PNC Financial Services Group
Pennsylvania
– -$14K -12,600 Closed
GT
138
Glenmede Trust
Pennsylvania
– -$7.83K -6,775 -95%
MTB
139
Mizuho Trust & Banking
Japan
– -$6K -5,796 Closed
Bank of Montreal
140
Bank of Montreal
Ontario, Canada
– -$4K -3,958 Closed
CAW
141
Cornerstone Advisors (Washington)
Washington
– -$1K -1,186 Closed
AssetMark Inc
142
AssetMark Inc
California
– +$155 +134 New
2 3 4 5
6

GGB Hedge Fund Activity: Q4 2015 in Review

125 of the 3,811 institutional investors tracked by Wall St. Rank reported a position in Gerdau (GGB) for Q4 2015, worth a combined $292M — down 14% from $340M a quarter earlier.

Sellers outnumbered buyers: 19 funds closed out of GGB and 15 opened new positions — a net loss of 4 holders — while 49 trimmed existing stakes and 40 added.

The largest buyer was Lazard Asset Management, adding an estimated $12.9M. The largest seller was Genesis Asset Managers, exiting entirely with an estimated $14.2M sold.

  • 125 institutional investors held Gerdau (GGB) as of Q4 2015, down from 130 in Q3 2015.
  • Funds reported $292M of Gerdau stock for Q4 2015, down 14% quarter-over-quarter.
  • 15 funds opened new Gerdau positions in Q4 2015 and 19 closed out, a net change of -4 holders.
  • The largest Gerdau buyer in Q4 2015 was Lazard Asset Management, an estimated $12.9M added.
  • The largest Gerdau seller in Q4 2015 was Genesis Asset Managers, an estimated $14.2M sold.

Based on aggregated 13F filings for Q4 2015.