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Gerdau
GGB

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.

New
Increased
Maintained
Reduced
Closed

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

Holders
153
Holders Change
+25
Holders Change %
+19.53%
% of All Funds
2.71%
Holding in Top 10
5
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+66.67%
% of All Funds
0.09%
New
38
Increased
42
Reduced
45
Closed
12
Calls
$11.7M
Puts
$11.5M
Net Calls
+$241K
Net Calls Change
-$1.31M

Top Buyers

1
CGM
Capital Growth Management
Massachusetts
+$29.8M
2
Deutsche Bank
Deutsche Bank
Germany
+$17M
3
BlackRock
BlackRock
New York
+$15.6M
4
ICP
Indus Capital Partners
New York
+$6.14M
5
Capital International Investors
Capital International Investors
California
+$3.88M

Top Sellers

1
Bank of America
Bank of America
North Carolina
-$22.6M
2
JP Morgan Chase
JP Morgan Chase
New York
-$18.9M
3
Goldman Sachs
Goldman Sachs
New York
-$16.1M
4
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
-$8.52M
5
Millennium Management
Millennium Management
New York
-$6.33M
Name Holding Trade Value Shares
Change 		Change in
Stake
APA
151
American Portfolios Advisors
New York
$626 +$563 +169 New
T2I
152
Turim 21 Investimentos
Brazil
– -$610K -207,577 Closed
CLOS
153
Compagnie Lombard Odier SCmA
Switzerland
– -$353K -120,083 Closed
Tudor Investment Corp
154
Tudor Investment Corp
Connecticut
– -$118K -40,135 Closed
SEI Investments
155
SEI Investments
Pennsylvania
– -$110K -37,484 Closed
Wolverine Trading
156
Wolverine Trading
Illinois
– -$84.5K -25,358 Closed
N
157
Nuveen
North Carolina
– -$62K -21,172 Closed
Bank of New York Mellon
158
Bank of New York Mellon
New York
– -$55K -18,806 Closed
MGWM
159
Marks Group Wealth Management
Minnesota
– -$50K -17,073 Closed
Bank of Nova Scotia
160
Bank of Nova Scotia
Ontario, Canada
– -$50K -17,028 Closed
LNC
161
Lincoln National Corp
Pennsylvania
– -$38K -12,914 Closed
ASN
162
Advisory Services Network
Georgia
– -$14.4K -4,326 Closed
FIA
163
FNY Investment Advisers
New York
– -$2K -756 Closed
CAAS
164
Capital Asset Advisory Services
Michigan
– +$420 +126 New
FHA
165
First Horizon Advisors
Tennessee
– +$886 +266 New
3 4 5 6
7

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.