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Gerdau
GGB

122 hedge funds and large institutions have $762M invested in Gerdau in 2020 Q2 according to their latest regulatory filings, with 20 funds opening new positions, 39 increasing their positions, 42 reducing their positions, and 27 closing their positions.

New
Increased
Maintained
Reduced
Closed

56% more capital invested

Capital invested by funds: $488M → $762M (+$274M)

0.25% more ownership

Funds ownership: 28.11% → 28.35% (+0.25%)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

7% less repeat investments, than reductions

Existing positions increased: 39 | Existing positions reduced: 42

5% less funds holding

Funds holding: 129 → 122 (-7)

17% less call options, than puts

Call options by funds: $5.98M | Put options by funds: $7.16M

26% less first-time investments, than exits

New positions opened: 20 | Existing positions closed: 27

Holders
122
Holders Change
-7
Holders Change %
-5.43%
% of All Funds
2.5%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.06%
New
20
Increased
39
Reduced
42
Closed
27
Calls
$5.98M
Puts
$7.16M
Net Calls
-$1.18M
Net Calls Change
+$2.21M

Top Buyers

1
JP Morgan Chase
JP Morgan Chase
New York
+$44.9M
2
Fisher Asset Management
Fisher Asset Management
Washington
+$15.2M
3
BlackRock
BlackRock
New York
+$11.1M
4
Capital International Investors
Capital International Investors
California
+$10.5M
5
PG
Pendal Group
Australia
+$3.75M

Top Sellers

1
LM
Luminus Management
Texas
-$18.4M
2
Goldman Sachs
Goldman Sachs
New York
-$14.1M
3
Morgan Stanley
Morgan Stanley
New York
-$8.14M
4
Vanguard Group
Vanguard Group
Pennsylvania
-$6.59M
5
IUHSA
Itau Unibanco Holding S.A.
Brazil
-$4.72M
Name Holding Trade Value Shares
Change 		Change in
Stake
AI
126
Axiom Investors
Connecticut
– -$744K -490,770 Closed
QIM
127
Quantitative Investment Management
Virginia
– -$728K -480,304 Closed
TSS
128
Two Sigma Securities
New York
– -$441K -290,625 Closed
Two Sigma Investments
129
Two Sigma Investments
New York
– -$327K -215,580 Closed
D.E. Shaw & Co
130
D.E. Shaw & Co
New York
– -$296K -195,329 Closed
EGM
131
Engineers Gate Manager
New York
– -$104K -68,922 Closed
GA
132
GFS Advisors
Texas
– -$59K -38,682 Closed
HF
133
HRT Financial
New York
– -$53K -35,499 Closed
Lazard Asset Management
134
Lazard Asset Management
New York
– -$49K -32,823 Closed
AIP
135
Almanack Investment Partners
Pennsylvania
– -$42K -27,846 Closed
FIM
136
Freedom Investment Management
Connecticut
– -$100K -26,662 Closed
ER
137
Enlightenment Research
Florida
– -$69K -23,310 Closed
Walleye Capital
138
Walleye Capital
New York
– -$27K -17,640 Closed
LNWWM
139
Laird Norton Wetherby Wealth Management
California
– -$24K -15,778 Closed
Geode Capital Management
140
Geode Capital Management
Massachusetts
– -$20K -13,776 Closed
WAM
141
World Asset Management
Michigan
– -$20K -13,414 Closed
NCM
142
Newfoundland Capital Management
Brazil
– -$20K -13,173 Closed
KBC Group
143
KBC Group
Belgium
– -$19K -12,374 Closed
Wells Fargo
144
Wells Fargo
California
– -$10.4K -5,489 Closed
ASN
145
Advisory Services Network
Georgia
– -$1K -930 Closed
FGAM
146
Financial Gravity Asset Management
Texas
– -$117 -77 Closed
2 3 4 5
6

GGB Hedge Fund Activity: Q2 2020 in Review

122 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Gerdau (GGB) for Q2 2020, worth a combined $762M — up 56% from $488M a quarter earlier.

Sellers outnumbered buyers: 27 funds closed out of GGB and 20 opened new positions — a net loss of 7 holders — while 42 trimmed existing stakes and 39 added.

The largest buyer was JP Morgan Chase, adding an estimated $44.9M. The largest seller was Luminus Management, exiting entirely with an estimated $18.4M sold.

  • 122 institutional investors held Gerdau (GGB) as of Q2 2020, down from 129 in Q1 2020.
  • Funds reported $762M of Gerdau stock for Q2 2020, up 56% quarter-over-quarter.
  • 20 funds opened new Gerdau positions in Q2 2020 and 27 closed out, a net change of -7 holders.
  • The largest Gerdau buyer in Q2 2020 was JP Morgan Chase, an estimated $44.9M added.
  • The largest Gerdau seller in Q2 2020 was Luminus Management, an estimated $18.4M sold.

Based on aggregated 13F filings for Q2 2020.