Gerdau
139 hedge funds and large institutions have $954M invested in Gerdau in 2018 Q1 according to their latest regulatory filings, with 24 funds opening new positions, 30 increasing their positions, 52 reducing their positions, and 23 closing their positions.
38% more capital invested
Capital invested by funds: $691M → $954M (+$263M)
2.1% more ownership
Funds ownership: 20.41% → 22.51% (+2.1%)
4% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 23
0% more funds holding
Funds holding: 139 → 139 (0)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
42% less repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 52
44% less call options, than puts
Call options by funds: $7.44M | Put options by funds: $13.4M
Top Buyers
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$79.6M |
| 2 |
BlackRock
New York
|
+$33.2M |
| 3 |
CC
Carrhae Capital
London,
United Kingdom
|
+$26.3M |
| 4 |
Russell Investments Group
London,
United Kingdom
|
+$23.9M |
| 5 |
PSCM
Prince Street Capital Management
New York
|
+$10.8M |
Top Sellers
| 1 |
Goldman Sachs
New York
|
-$15.2M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$14.6M |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$13.8M |
| 4 |
Citigroup
New York
|
-$12.9M |
| 5 |
Renaissance Technologies
New York
|
-$12.9M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PP
151
Paloma Partners
Greenwich,
Connecticut
| – | -$110K | -37,383 | Closed |
|
152
Squarepoint
New York
| – | -$92K | -31,055 | Closed |
|
|
OAM
153
Oxford Asset Management
Oxford,
United Kingdom
| – | -$89K | -29,877 | Closed |
|
154
Marshall Wace
London,
United Kingdom
| – | -$65K | -21,967 | Closed |
|
|
OC
155
Oppenheimer & Co
New York
| – | -$52K | -17,640 | Closed |
|
|
JG
156
Jefferies Group
New York
| – | -$43K | -14,446 | Closed |
|
|
HA
157
Harborview Advisors
Portland,
Maine
| – | -$37K | -12,600 | Closed |
|
|
FDCDDQ
158
Federation des caisses Desjardins du Quebec
Levis,
Quebec, Canada
| – | -$3.31K | -1,123 | Closed |
|
159
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$3K | -910 | Closed |
|
|
WA
160
Winfield Associates
Cleveland,
Ohio
| – | -$1K | -208 | Closed |
|
GGB Hedge Fund Activity: Q1 2018 in Review
139 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Gerdau (GGB) for Q1 2018, worth a combined $954M — up 38% from $691M a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new GGB positions and 23 closed out — a net gain of 1 holder — while 30 added to existing stakes and 52 trimmed.
The largest buyer was Wellington Management Group, opening a new position worth an estimated $79.6M. The largest seller was Goldman Sachs, cutting an estimated $15.2M.
- 139 institutional investors held Gerdau (GGB) as of Q1 2018, unchanged from Q4 2017.
- Funds reported $954M of Gerdau stock for Q1 2018, up 38% quarter-over-quarter.
- 24 funds opened new Gerdau positions in Q1 2018 and 23 closed out, a net change of +1 holder.
- The largest Gerdau buyer in Q1 2018 was Wellington Management Group, an estimated $79.6M added.
- The largest Gerdau seller in Q1 2018 was Goldman Sachs, an estimated $15.2M sold.
Based on aggregated 13F filings for Q1 2018.