Gerdau
148 hedge funds and large institutions have $1.11B invested in Gerdau in 2014 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 51 increasing their positions, 56 reducing their positions, and 18 closing their positions.
2.43% more ownership
Funds ownership: 22.9% → 25.32% (+2.4%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
9% less repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 56
2% less funds holding
Funds holding: 151 → 148 (-3)
10% less capital invested
Capital invested by funds: $1.23B → $1.11B (-$121M)
17% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 18
20% less call options, than puts
Call options by funds: $9.35M | Put options by funds: $11.6M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FC
Fairpointe Capital
Chicago,
Illinois
|
+$145M |
| 2 |
GAM
Genesis Asset Managers
Guernsey, Channel Islands,
United Kingdom
|
+$18.8M |
| 3 |
CC
Carlson Capital
Dallas,
Texas
|
+$15.4M |
| 4 |
BIM
Bogle Investment Management
Newton Lower Falls,
Massachusetts
|
+$14.3M |
| 5 |
JP Morgan Chase
New York
|
+$10.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAM
Coronation Asset Management
Cape Town,
South Africa
|
-$39.7M |
| 2 |
Schroder Investment Management Group
London,
United Kingdom
|
-$16.9M |
| 3 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
-$10.7M |
| 4 |
WI
WBI Investments
Red Bank,
New Jersey
|
-$9.89M |
| 5 |
Norges Bank
Oslo,
Norway
|
-$7.67M |
GGB Hedge Fund Activity: Q3 2014 in Review
148 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in Gerdau (GGB) for Q3 2014, worth a combined $1.11B — down 9.8% from $1.23B a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of GGB and 15 opened new positions — a net loss of 3 holders — while 56 trimmed existing stakes and 51 added.
The largest buyer was Fairpointe Capital, adding an estimated $145M. The largest seller was Coronation Asset Management, exiting entirely with an estimated $39.7M sold.
- 148 institutional investors held Gerdau (GGB) as of Q3 2014, down from 151 in Q2 2014.
- Funds reported $1.11B of Gerdau stock for Q3 2014, down 9.8% quarter-over-quarter.
- 15 funds opened new Gerdau positions in Q3 2014 and 18 closed out, a net change of -3 holders.
- The largest Gerdau buyer in Q3 2014 was Fairpointe Capital, an estimated $145M added.
- The largest Gerdau seller in Q3 2014 was Coronation Asset Management, an estimated $39.7M sold.
Based on aggregated 13F filings for Q3 2014.