Gerdau
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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$20.6M |
| 2 |
IUHSA
Itau Unibanco Holding S.A.
Sao Paulo,
Brazil
|
+$15.7M |
| 3 |
Goldman Sachs
New York
|
+$13.3M |
| 4 |
Millennium Management
New York
|
+$7.06M |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$5.41M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$14.5M |
| 2 |
Fisher Asset Management
Camas,
Washington
|
-$12.4M |
| 3 |
Renaissance Technologies
New York
|
-$9.99M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
-$6.75M |
| 5 |
CII
Capital International Inc
Los Angeles,
California
|
-$3.3M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
EFSCE
126
Enterprise Financial Services Corp (EFSC)
Clayton,
Missouri
| $2K | – | – | – |
|
|
FIA
127
FNY Investment Advisers
New York
| $2K | +$2.07K | +756 | New |
|
|
TWA
128
TCI Wealth Advisors
Tucson,
Arizona
| $1K | – | – | – |
|
|
129
Renaissance Technologies
New York
| – | -$9.99M | -4,251,114 | Closed |
|
|
CA
130
Commerzbank Aktiengesellschaft
Frankfurt,
Germany
| – | -$435K | -185,258 | Closed |
|
|
VF
131
Virtu Financial
New York
| – | -$387K | -164,528 | Closed |
|
|
QC
132
Quadrature Capital
London,
United Kingdom
| – | -$260K | -110,782 | Closed |
|
|
ARTA
133
A.R.T. Advisors
New York
| – | -$201K | -85,761 | Closed |
|
|
CAM
134
Cresset Asset Management
Chicago,
Illinois
| – | -$30K | -12,886 | Closed |
|
|
BL
135
Balentine LLC
Atlanta,
Georgia
| – | -$7K | -3,093 | Closed |
|
|
CAN
136
Cetera Advisor Networks
El Segundo,
California
| – | -$3K | -1,260 | Closed |
|
137
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$3K | -1,134 | Closed |
|
|
PA
138
Procyon Advisors
Shelton,
Connecticut
| – | -$2K | -756 | Closed |
|
139
Walleye Trading
New York
| – | -$1.87K | -682 | Closed |
|
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.