Gerdau
151 hedge funds and large institutions have $1.23B invested in Gerdau in 2014 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 58 increasing their positions, 52 reducing their positions, and 28 closing their positions.
12% more repeat investments, than reductions
Existing positions increased: 58 | Existing positions reduced: 52
1.21% less ownership
Funds ownership: 24.1% → 22.9% (-1.2%)
8% less funds holding
Funds holding: 165 → 151 (-14)
13% less capital invested
Capital invested by funds: $1.4B → $1.23B (-$176M)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
46% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 28
91% less call options, than puts
Call options by funds: $1.15M | Put options by funds: $13.2M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GAM
Genesis Asset Managers
Guernsey, Channel Islands,
United Kingdom
|
+$36.3M |
| 2 |
Schroder Investment Management Group
London,
United Kingdom
|
+$27.2M |
| 3 |
Bank of New York Mellon
New York
|
+$21.3M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
+$14.3M |
| 5 |
WI
WBI Investments
Red Bank,
New Jersey
|
+$10.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
-$134M |
| 2 |
CII
Capital International Inc
Los Angeles,
California
|
-$21.9M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$10.5M |
| 4 |
AIMCA
Alberta Investment Management Corp (AIMCo)
Edmonton,
Alberta, Canada
|
-$9.69M |
| 5 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$9.28M |
GGB Hedge Fund Activity: Q2 2014 in Review
151 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Gerdau (GGB) for Q2 2014, worth a combined $1.23B — down 13% from $1.4B a quarter earlier.
Sellers outnumbered buyers: 28 funds closed out of GGB and 15 opened new positions — a net loss of 13 holders — while 52 trimmed existing stakes and 58 added.
The largest buyer was Genesis Asset Managers, opening a new position worth an estimated $36.3M. The largest seller was Systematic Financial Management, cutting an estimated $134M.
- 151 institutional investors held Gerdau (GGB) as of Q2 2014, down from 165 in Q1 2014.
- Funds reported $1.23B of Gerdau stock for Q2 2014, down 13% quarter-over-quarter.
- 15 funds opened new Gerdau positions in Q2 2014 and 28 closed out, a net change of -13 holders.
- The largest Gerdau buyer in Q2 2014 was Genesis Asset Managers, an estimated $36.3M added.
- The largest Gerdau seller in Q2 2014 was Systematic Financial Management, an estimated $134M sold.
Based on aggregated 13F filings for Q2 2014.