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Gerdau
GGB

130 hedge funds and large institutions have $340M invested in Gerdau in 2015 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 47 increasing their positions, 43 reducing their positions, and 24 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,048% more call options, than puts

Call options by funds: $2.24M | Put options by funds: $195K

9% more repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 43

0.38% more ownership

Funds ownership: 27.46% → 27.84% (+0.38%)

8% less funds holding

Funds holding: 142 → 130 (-12)

44% less capital invested

Capital invested by funds: $602M → $340M (-$262M)

46% less first-time investments, than exits

New positions opened: 13 | Existing positions closed: 24

Holders
130
Holders Change
-12
Holders Change %
-8.45%
% of All Funds
3.62%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
13
Increased
47
Reduced
43
Closed
24
Calls
$2.24M
Puts
$195K
Net Calls
+$2.04M
Net Calls Change
+$1.45M

Top Buyers

Rank Fund Capital Flow
1
FC
Fairpointe Capital
Illinois
+$10.9M
2
Bank of Nova Scotia
Bank of Nova Scotia
Ontario, Canada
+$9.14M
3
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
+$8.36M
4
Deutsche Bank
Deutsche Bank
Germany
+$5.22M
5
CC
Carlson Capital
Texas
+$4.92M

Top Sellers

Rank Fund Capital Flow
1
JP Morgan Chase
JP Morgan Chase
New York
-$8.81M
2
Ameriprise
Ameriprise
Minnesota
-$7.33M
3
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$4.22M
4
Millennium Management
Millennium Management
New York
-$3.46M
5
Grantham, Mayo, Van Otterloo & Co (GMO)
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
-$3.12M

GGB Hedge Fund Activity: Q3 2015 in Review

130 of the 3,590 institutional investors tracked by Wall St. Rank reported a position in Gerdau (GGB) for Q3 2015, worth a combined $340M — down 44% from $602M a quarter earlier.

Sellers outnumbered buyers: 24 funds closed out of GGB and 13 opened new positions — a net loss of 11 holders — while 43 trimmed existing stakes and 47 added.

The largest buyer was Fairpointe Capital, adding an estimated $10.9M. The largest seller was JP Morgan Chase, cutting an estimated $8.81M.

  • 130 institutional investors held Gerdau (GGB) as of Q3 2015, down from 142 in Q2 2015.
  • Funds reported $340M of Gerdau stock for Q3 2015, down 44% quarter-over-quarter.
  • 13 funds opened new Gerdau positions in Q3 2015 and 24 closed out, a net change of -11 holders.
  • The largest Gerdau buyer in Q3 2015 was Fairpointe Capital, an estimated $10.9M added.
  • The largest Gerdau seller in Q3 2015 was JP Morgan Chase, an estimated $8.81M sold.

Based on aggregated 13F filings for Q3 2015.