Gerdau
142 hedge funds and large institutions have $602M invested in Gerdau in 2015 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 56 increasing their positions, 46 reducing their positions, and 15 closing their positions.
61% more call options, than puts
Call options by funds: $1.56M | Put options by funds: $965K
22% more repeat investments, than reductions
Existing positions increased: 56 | Existing positions reduced: 46
2.43% more ownership
Funds ownership: 25.04% → 27.46% (+2.4%)
2% less funds holding
Funds holding: 145 → 142 (-3)
17% less capital invested
Capital invested by funds: $728M → $602M (-$126M)
20% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 15
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$16.6M |
| 2 |
CC
Carlson Capital
Dallas,
Texas
|
+$16.5M |
| 3 |
FC
Fairpointe Capital
Chicago,
Illinois
|
+$9.58M |
| 4 |
Caisse de Depot et Placement du Quebec (CDPQ)
Montreal,
Quebec, Canada
|
+$7.14M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$5.11M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AQR Capital Management
Greenwich,
Connecticut
|
-$5.39M |
| 2 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
-$3.51M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$2.12M |
| 4 |
California Public Employees Retirement System
Sacramento,
California
|
-$1.94M |
| 5 |
CGT
Capital Guardian Trust
Los Angeles,
California
|
-$1.84M |
GGB Hedge Fund Activity: Q2 2015 in Review
142 of the 3,730 institutional investors tracked by Wall St. Rank reported a position in Gerdau (GGB) for Q2 2015, worth a combined $602M — down 17% from $728M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of GGB and 12 opened new positions — a net loss of 3 holders — while 46 trimmed existing stakes and 56 added.
The largest buyer was Massachusetts Financial Services, adding an estimated $16.6M. The largest seller was AQR Capital Management, cutting an estimated $5.39M.
- 142 institutional investors held Gerdau (GGB) as of Q2 2015, down from 145 in Q1 2015.
- Funds reported $602M of Gerdau stock for Q2 2015, down 17% quarter-over-quarter.
- 12 funds opened new Gerdau positions in Q2 2015 and 15 closed out, a net change of -3 holders.
- The largest Gerdau buyer in Q2 2015 was Massachusetts Financial Services, an estimated $16.6M added.
- The largest Gerdau seller in Q2 2015 was AQR Capital Management, an estimated $5.39M sold.
Based on aggregated 13F filings for Q2 2015.