Gerdau
180 hedge funds and large institutions have $1.18B invested in Gerdau in 2024 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 51 increasing their positions, 68 reducing their positions, and 29 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0.78% less ownership
Funds ownership: 28.62% → 27.84% (-0.78%)
5% less funds holding
Funds holding: 190 → 180 (-10)
11% less capital invested
Capital invested by funds: $1.34B → $1.18B (-$153M)
25% less repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 68
34% less first-time investments, than exits
New positions opened: 19 | Existing positions closed: 29
65% less call options, than puts
Call options by funds: $507K | Put options by funds: $1.44M
Top Buyers
| 1 |
Goldman Sachs
New York
|
+$61.9M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$28.7M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$17.7M |
| 4 |
SGDR
SPX Gestao de Recursos
Rio De Janeiro,
Brazil
|
+$5.79M |
| 5 |
Two Sigma Investments
New York
|
+$4.87M |
Top Sellers
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
201
Franklin Resources
San Mateo,
California
| – | -$61K | -15,098 | Closed |
|
|
MCC
202
Money Concepts Capital
Palm Beach Gardens,
Florida
| – | -$50.9K | -12,600 | Closed |
|
|
MM
203
MQS Management
New York
| – | -$50.7K | -12,553 | Closed |
|
|
ACA
204
Atlas Capital Advisors
Jackson,
Wyoming
| – | -$7.13K | -1,765 | Closed |
|
|
GWS
205
Glassman Wealth Services
Vienna,
Virginia
| – | -$3.32K | -822 | Closed |
|
|
AT
206
Arlington Trust
Birmingham,
Alabama
| – | -$1.39K | -343 | Closed |
|
|
MHR
207
Matthew Hamilton Rosenberg
| – | -$87 | -22 | Closed |
|
|
CAM
208
Creekmur Asset Management
Morton,
Illinois
| – | -$3 | -1 | Closed |
|
209
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | +$29 | +8 | New |
|
GGB Hedge Fund Activity: Q1 2024 in Review
180 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Gerdau (GGB) for Q1 2024, worth a combined $1.18B — down 11% from $1.34B a quarter earlier.
Sellers outnumbered buyers: 29 funds closed out of GGB and 19 opened new positions — a net loss of 10 holders — while 68 trimmed existing stakes and 51 added.
The largest buyer was Goldman Sachs, adding an estimated $61.9M. The largest seller was Acadian Asset Management, cutting an estimated $22.6M.
- 180 institutional investors held Gerdau (GGB) as of Q1 2024, down from 190 in Q4 2023.
- Funds reported $1.18B of Gerdau stock for Q1 2024, down 11% quarter-over-quarter.
- 19 funds opened new Gerdau positions in Q1 2024 and 29 closed out, a net change of -10 holders.
- The largest Gerdau buyer in Q1 2024 was Goldman Sachs, an estimated $61.9M added.
- The largest Gerdau seller in Q1 2024 was Acadian Asset Management, an estimated $22.6M sold.
Based on aggregated 13F filings for Q1 2024.