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Gerdau
GGB

221 hedge funds and large institutions have $1.5B invested in Gerdau in 2023 Q1 according to their latest regulatory filings, with 28 funds opening new positions, 82 increasing their positions, 99 reducing their positions, and 28 closing their positions.

New
Increased
Maintained
Reduced
Closed

109% more call options, than puts

Call options by funds: $8.63M | Put options by funds: $4.14M

1% more capital invested

Capital invested by funds: $1.48B → $1.5B (+$17.3M)

0% more first-time investments, than exits

New positions opened: 28 | Existing positions closed: 28

1.34% less ownership

Funds ownership: 32.25% → 30.91% (-1.3%)

2% less funds holding

Funds holding: 225 → 221 (-4)

17% less repeat investments, than reductions

Existing positions increased: 82 | Existing positions reduced: 99

25% less funds holding in top 10

Funds holding in top 10: 4 → 3 (-1)

Holders
221
Holders Change
-4
Holders Change %
-1.78%
% of All Funds
3.52%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.05%
New
28
Increased
82
Reduced
99
Closed
28
Calls
$8.63M
Puts
$4.14M
Net Calls
+$4.5M
Net Calls Change
-$2.37M

Top Buyers

1
Capital International Investors
Capital International Investors
California
+$51.5M
2
CCM
Causeway Capital Management
California
+$38M
3
Optiver Holding
Optiver Holding
Netherlands
+$34M
4
Bank of America
Bank of America
North Carolina
+$23.5M
5
Morgan Stanley
Morgan Stanley
New York
+$19.6M

Top Sellers

1
Millennium Management
Millennium Management
New York
-$45.6M
2
Man Group
Man Group
United Kingdom
-$30.1M
3
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$24.1M
4
Two Sigma Investments
Two Sigma Investments
New York
-$21.5M
5
Citadel Advisors
Citadel Advisors
Florida
-$14M
Name Holding Trade Value Shares
Change 		Change in
Stake
Carson Wealth (CWM LLC)
201
Carson Wealth (CWM LLC)
Nebraska
$7K -$3.41K -762 -31%
FDCDDQ
202
Federation des caisses Desjardins du Quebec
Quebec, Canada
$5.18K – – –
HT
203
Headlands Technologies
Illinois
$4.99K -$94.9K -21,187 -95%
TAM
204
Tucker Asset Management
Colorado
$4.53K +$3.24K +724 +192%
GWS
205
Glassman Wealth Services
Virginia
$4.09K -$1.15K -257 -21%
PB
206
Pinnacle Bancorp
Nebraska
$3.99K +$4 +1 +0.1%
BIA
207
Bell Investment Advisors
California
$3.14K -$2.73K -609 -44%
JWA
208
JFS Wealth Advisors
Pennsylvania
$2.85K -$506 -113 -14%
AA
209
Addison Advisors
Vermont
$2.59K +$2.82K +630 New
AF
210
Allworth Financial
California
$2.02K – – –
SSC
211
Syverson Strege & Co
Iowa
$1.75K +$1.91K +427 New
LSA
212
Leonteq Securities AG
Switzerland
$1.75K -$2.76K -616 -59%
FHA
213
First Horizon Advisors
Tennessee
$1.63K -$4 -1 -0.3%
SC
214
Schubert & Co
Texas
$1.17K -$9 -2 -0.7%
TWA
215
TCI Wealth Advisors
Arizona
$1.04K – – –
ASN
216
Advisory Services Network
Georgia
$925 -$11.6K -2,595 -92%
TWD
217
True Wealth Design
Ohio
$197 +$18 +4 +9%
WWP
218
WR Wealth Planners
Missouri
$133 +$143 +32 New
Commonwealth Equity Services
219
Commonwealth Equity Services
Massachusetts
$124 -$1.02K -227 -0.7%
Barclays
220
Barclays
United Kingdom
$10 -$1.4M -312,144 -100%
HNB
221
Huntington National Bank
Ohio
$5 – – –
TI
222
Trexquant Investment
Connecticut
– -$4.68M -1,064,036 Closed
DTL
223
Dynamic Technology Lab
Singapore
– -$3.18M -722,694 Closed
MFS
224
Mirabella Financial Services
United Kingdom
– -$2.34M -532,082 Closed
QC
225
Quadrature Capital
United Kingdom
– -$2.18M -496,626 Closed
6 7 8
9
10

GGB Hedge Fund Activity: Q1 2023 in Review

221 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Gerdau (GGB) for Q1 2023, worth a combined $1.5B — up 1.2% from $1.48B a quarter earlier.

Fund positioning in GGB was balanced in Q1 2023: 28 funds opened new positions, 28 closed out, 82 added to existing stakes and 99 trimmed.

The largest buyer was Capital International Investors, adding an estimated $51.5M. The largest seller was Millennium Management, cutting an estimated $45.6M.

  • 221 institutional investors held Gerdau (GGB) as of Q1 2023, down from 225 in Q4 2022.
  • Funds reported $1.5B of Gerdau stock for Q1 2023, up 1.2% quarter-over-quarter.
  • 28 funds opened new Gerdau positions in Q1 2023 and 28 closed out, a net change of 0 holders.
  • The largest Gerdau buyer in Q1 2023 was Capital International Investors, an estimated $51.5M added.
  • The largest Gerdau seller in Q1 2023 was Millennium Management, an estimated $45.6M sold.

Based on aggregated 13F filings for Q1 2023.