Gerdau
153 hedge funds and large institutions have $1.21B invested in Gerdau in 2020 Q4 according to their latest regulatory filings, with 38 funds opening new positions, 42 increasing their positions, 45 reducing their positions, and 12 closing their positions.
217% more first-time investments, than exits
New positions opened: 38 | Existing positions closed: 12
67% more funds holding in top 10
Funds holding in top 10: 3 → 5 (+2)
26% more capital invested
Capital invested by funds: $958M → $1.21B (+$253M)
20% more funds holding
Funds holding: 128 → 153 (+25)
2% more call options, than puts
Call options by funds: $11.7M | Put options by funds: $11.5M
0.37% less ownership
Funds ownership: 28.88% → 28.51% (-0.37%)
7% less repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 45
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CGM
Capital Growth Management
Boston,
Massachusetts
|
+$29.8M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$17M |
| 3 |
BlackRock
New York
|
+$15.6M |
| 4 |
ICP
Indus Capital Partners
New York
|
+$6.14M |
| 5 |
Capital International Investors
Los Angeles,
California
|
+$3.88M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$22.6M |
| 2 |
JP Morgan Chase
New York
|
-$18.9M |
| 3 |
Goldman Sachs
New York
|
-$16.1M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
-$8.52M |
| 5 |
Millennium Management
New York
|
-$6.33M |
GGB Hedge Fund Activity: Q4 2020 in Review
153 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Gerdau (GGB) for Q4 2020, worth a combined $1.21B — up 26% from $958M a quarter earlier.
Buyers outnumbered sellers: 38 funds opened new GGB positions and 12 closed out — a net gain of 26 holders — while 42 added to existing stakes and 45 trimmed.
The largest buyer was Capital Growth Management, opening a new position worth an estimated $29.8M. The largest seller was Bank of America, cutting an estimated $22.6M.
- 153 institutional investors held Gerdau (GGB) as of Q4 2020, up from 128 in Q3 2020.
- Funds reported $1.21B of Gerdau stock for Q4 2020, up 26% quarter-over-quarter.
- 38 funds opened new Gerdau positions in Q4 2020 and 12 closed out, a net change of +26 holders.
- The largest Gerdau buyer in Q4 2020 was Capital Growth Management, an estimated $29.8M added.
- The largest Gerdau seller in Q4 2020 was Bank of America, an estimated $22.6M sold.
Based on aggregated 13F filings for Q4 2020.