Gerdau
172 hedge funds and large institutions have $1.66B invested in Gerdau in 2013 Q4 according to their latest regulatory filings, with 39 funds opening new positions, 58 increasing their positions, 51 reducing their positions, and 16 closing their positions.
144% more first-time investments, than exits
New positions opened: 39 | Existing positions closed: 16
15% more funds holding
Funds holding: 149 → 172 (+23)
14% more repeat investments, than reductions
Existing positions increased: 58 | Existing positions reduced: 51
9% more capital invested
Capital invested by funds: $1.52B → $1.66B (+$141M)
0.9% more ownership
Funds ownership: 22.35% → 23.26% (+0.9%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
75% less call options, than puts
Call options by funds: $3.31M | Put options by funds: $13.1M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
+$43.6M |
| 2 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
+$23.3M |
| 3 |
Acadian Asset Management
Boston,
Massachusetts
|
+$21.7M |
| 4 |
CAM
Coronation Asset Management
Cape Town,
South Africa
|
+$15.9M |
| 5 |
Two Sigma Investments
New York
|
+$14.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BG
BlackRock Group
London,
United Kingdom
|
-$32M |
| 2 |
Bank of New York Mellon
New York
|
-$25M |
| 3 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
-$17.3M |
| 4 |
D.E. Shaw & Co
New York
|
-$15.1M |
| 5 |
Credit Agricole
Montrouge Cedex,
France
|
-$13.9M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
176
Ohio Public Employees Retirement System (OPERS)
Columbus,
Ohio
| – | -$5.58M | -942,196 | Closed |
|
|
HCM
177
Highbridge Capital Management
New York
| – | -$2.06M | -347,814 | Closed |
|
|
BIM
178
BlackRock Investment Management
Wilmington,
Delaware
| – | -$1.93M | -325,080 | Closed |
|
|
CR
179
Cooperatieve Rabobank
Utrecht,
Netherlands
| – | -$1.31M | -220,505 | Closed |
|
180
SG Americas Securities
New York
| – | -$1.3M | -219,461 | Closed |
|
|
MME
181
Meag Munich Ergo
Munich,
Germany
| – | -$1.24M | -207,900 | Closed |
|
|
CCIA
182
Campbell & Co Investment Adviser
Baltimore,
Maryland
| – | -$1.16M | -196,363 | Closed |
|
|
IG
183
ING Group
Amsterdam,
Netherlands
| – | -$987K | -166,698 | Closed |
|
|
B
184
Baird
Milwaukee,
Wisconsin
| – | -$838K | -141,503 | Closed |
|
|
WIS
185
Wright Investors Service
Shelton,
Connecticut
| – | -$577K | -97,486 | Closed |
|
|
GH
186
GAM Holding
Zurich,
Switzerland
| – | -$131K | -22,176 | Closed |
|
|
EWM
187
Evercore Wealth Management
New York
| – | -$6K | -1,032 | Closed |
|
GGB Hedge Fund Activity: Q4 2013 in Review
172 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Gerdau (GGB) for Q4 2013, worth a combined $1.66B — up 9.3% from $1.52B a quarter earlier.
Buyers outnumbered sellers: 39 funds opened new GGB positions and 16 closed out — a net gain of 23 holders — while 58 added to existing stakes and 51 trimmed.
The largest buyer was Systematic Financial Management, adding an estimated $43.6M. The largest seller was BlackRock Group, cutting an estimated $32M.
- 172 institutional investors held Gerdau (GGB) as of Q4 2013, up from 149 in Q3 2013.
- Funds reported $1.66B of Gerdau stock for Q4 2013, up 9.3% quarter-over-quarter.
- 39 funds opened new Gerdau positions in Q4 2013 and 16 closed out, a net change of +23 holders.
- The largest Gerdau buyer in Q4 2013 was Systematic Financial Management, an estimated $43.6M added.
- The largest Gerdau seller in Q4 2013 was BlackRock Group, an estimated $32M sold.
Based on aggregated 13F filings for Q4 2013.