Gerdau
GGB
165 hedge funds and large institutions have $1.4B invested in Gerdau in 2014 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 58 increasing their positions, 55 reducing their positions, and 24 closing their positions.
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
5% more repeat investments, than reductions
Existing positions increased: 58 | Existing positions reduced: 55
0.85% more ownership
Funds ownership: 23.26% → 24.1% (+0.85%)
4% less funds holding
Funds holding: 172 → 165 (-7)
13% less first-time investments, than exits
New positions opened: 21 | Existing positions closed: 24
15% less capital invested
Capital invested by funds: $1.66B → $1.4B (-$256M)
87% less call options, than puts
Call options by funds: $1.75M | Put options by funds: $13.6M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
+$53.2M |
| 2 |
Lazard Asset Management
New York
|
+$39.2M |
| 3 |
CAM
Coronation Asset Management
Cape Town,
South Africa
|
+$23.6M |
| 4 |
CC
Carlson Capital
Dallas,
Texas
|
+$21.9M |
| 5 |
Schroder Investment Management Group
London,
United Kingdom
|
+$15.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Principal Financial Group
Des Moines,
Iowa
|
-$31.5M |
| 2 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$23.2M |
| 3 |
Credit Agricole
Montrouge Cedex,
France
|
-$18.9M |
| 4 |
Acadian Asset Management
Boston,
Massachusetts
|
-$16.1M |
| 5 |
BIM
Bogle Investment Management
Newton Lower Falls,
Massachusetts
|
-$10.6M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
176
Arrowstreet Capital
Boston,
Massachusetts
| – | -$604K | -97,117 | Closed |
|
177
Two Sigma Advisers
New York
| – | -$497K | -79,950 | Closed |
|
|
SCM
178
Stevens Capital Management
Radnor,
Pennsylvania
| – | -$362K | -58,169 | Closed |
|
|
PI
179
Placemark Investments
Chicago,
Illinois
| – | -$251K | -40,353 | Closed |
|
|
SC
180
Sumit Capital
New York
| – | -$203K | -32,634 | Closed |
|
|
EMG
181
Ellington Management Group
Old Greenwich,
Connecticut
| – | -$166K | -26,712 | Closed |
|
182
Neuberger Berman Group
New York
| – | -$149K | -23,867 | Closed |
|
183
Verition Fund Management
Greenwich,
Connecticut
| – | -$138K | -22,219 | Closed |
|
|
FNYS
184
First New York Securities
New York
| – | -$118K | -18,900 | Closed |
|
|
LNWWM
185
Laird Norton Wetherby Wealth Management
San Francisco,
California
| – | -$104K | -16,623 | Closed |
|
|
OC
186
Oppenheimer & Co
New York
| – | -$99K | -15,819 | Closed |
|
|
PVWM
187
Point View Wealth Management
Summit,
New Jersey
| – | -$87K | -14,062 | Closed |
|
|
AIG
188
American International Group
New York
| – | -$8.04K | -1,292 | Closed |
|
GGB Hedge Fund Activity: Q1 2014 in Review
165 of the 3,464 institutional investors tracked by Wall St. Rank reported a position in Gerdau (GGB) for Q1 2014, worth a combined $1.4B — down 15% from $1.66B a quarter earlier.
Sellers outnumbered buyers: 24 funds closed out of GGB and 21 opened new positions — a net loss of 3 holders — while 55 trimmed existing stakes and 58 added.
The largest buyer was Systematic Financial Management, adding an estimated $53.2M. The largest seller was Principal Financial Group, exiting entirely with an estimated $31.5M sold.
- 165 institutional investors held Gerdau (GGB) as of Q1 2014, down from 172 in Q4 2013.
- Funds reported $1.4B of Gerdau stock for Q1 2014, down 15% quarter-over-quarter.
- 21 funds opened new Gerdau positions in Q1 2014 and 24 closed out, a net change of -3 holders.
- The largest Gerdau buyer in Q1 2014 was Systematic Financial Management, an estimated $53.2M added.
- The largest Gerdau seller in Q1 2014 was Principal Financial Group, an estimated $31.5M sold.
Based on aggregated 13F filings for Q1 2014.