Gerdau
118 hedge funds and large institutions have $349M invested in Gerdau in 2016 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 35 increasing their positions, 47 reducing their positions, and 17 closing their positions.
507% more call options, than puts
Call options by funds: $516K | Put options by funds: $85K
21% more capital invested
Capital invested by funds: $289M → $349M (+$60.3M)
4.6% less ownership
Funds ownership: 26.49% → 21.89% (-4.6%)
6% less funds holding
Funds holding: 125 → 118 (-7)
26% less repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 47
41% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$12.5M |
| 2 |
Adage Capital Partners
Boston,
Massachusetts
|
+$10.7M |
| 3 |
Renaissance Technologies
New York
|
+$4.22M |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$2.12M |
| 5 |
JP Morgan Chase
New York
|
+$1.75M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CC
Carlson Capital
Dallas,
Texas
|
-$22.8M |
| 2 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$22.1M |
| 3 |
BA
BlackRock Advisors
Wilmington,
Delaware
|
-$11.2M |
| 4 |
Lazard Asset Management
New York
|
-$8.62M |
| 5 |
FC
Fairpointe Capital
Chicago,
Illinois
|
-$5.46M |
GGB Hedge Fund Activity: Q1 2016 in Review
118 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in Gerdau (GGB) for Q1 2016, worth a combined $349M — up 21% from $289M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of GGB and 10 opened new positions — a net loss of 7 holders — while 47 trimmed existing stakes and 35 added.
The largest buyer was Wellington Management Group, opening a new position worth an estimated $12.5M. The largest seller was Carlson Capital, exiting entirely with an estimated $22.8M sold.
- 118 institutional investors held Gerdau (GGB) as of Q1 2016, down from 125 in Q4 2015.
- Funds reported $349M of Gerdau stock for Q1 2016, up 21% quarter-over-quarter.
- 10 funds opened new Gerdau positions in Q1 2016 and 17 closed out, a net change of -7 holders.
- The largest Gerdau buyer in Q1 2016 was Wellington Management Group, an estimated $12.5M added.
- The largest Gerdau seller in Q1 2016 was Carlson Capital, an estimated $22.8M sold.
Based on aggregated 13F filings for Q1 2016.