Gerdau
151 hedge funds and large institutions have $773M invested in Gerdau in 2014 Q4 according to their latest regulatory filings, with 26 funds opening new positions, 52 increasing their positions, 48 reducing their positions, and 20 closing their positions.
30% more first-time investments, than exits
New positions opened: 26 | Existing positions closed: 20
2% more funds holding
Funds holding: 148 → 151 (+3)
8% more repeat investments, than reductions
Existing positions increased: 52 | Existing positions reduced: 48
2.6% less ownership
Funds ownership: 25.32% → 22.72% (-2.6%)
30% less capital invested
Capital invested by funds: $1.11B → $773M (-$332M)
42% less call options, than puts
Call options by funds: $4.62M | Put options by funds: $7.93M
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FC
Fairpointe Capital
Chicago,
Illinois
|
+$53.1M |
| 2 |
CC
Carlson Capital
Dallas,
Texas
|
+$32.1M |
| 3 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
+$10.7M |
| 4 |
Renaissance Technologies
New York
|
+$9.12M |
| 5 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
+$7.87M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Schroder Investment Management Group
London,
United Kingdom
|
-$76.9M |
| 2 |
GAM
Genesis Asset Managers
Guernsey, Channel Islands,
United Kingdom
|
-$38.2M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$33.8M |
| 4 |
CII
Capital International Inc
Los Angeles,
California
|
-$30M |
| 5 |
CIS
Capital International Sarl
Los Angeles,
California
|
-$15.6M |
GGB Hedge Fund Activity: Q4 2014 in Review
151 of the 3,765 institutional investors tracked by Wall St. Rank reported a position in Gerdau (GGB) for Q4 2014, worth a combined $773M — down 30% from $1.11B a quarter earlier.
Buyers outnumbered sellers: 26 funds opened new GGB positions and 20 closed out — a net gain of 6 holders — while 52 added to existing stakes and 48 trimmed.
The largest buyer was Fairpointe Capital, adding an estimated $53.1M. The largest seller was Schroder Investment Management Group, cutting an estimated $76.9M.
- 151 institutional investors held Gerdau (GGB) as of Q4 2014, up from 148 in Q3 2014.
- Funds reported $773M of Gerdau stock for Q4 2014, down 30% quarter-over-quarter.
- 26 funds opened new Gerdau positions in Q4 2014 and 20 closed out, a net change of +6 holders.
- The largest Gerdau buyer in Q4 2014 was Fairpointe Capital, an estimated $53.1M added.
- The largest Gerdau seller in Q4 2014 was Schroder Investment Management Group, an estimated $76.9M sold.
Based on aggregated 13F filings for Q4 2014.