Gerdau
131 hedge funds and large institutions have $534M invested in Gerdau in 2016 Q3 according to their latest regulatory filings, with 20 funds opening new positions, 38 increasing their positions, 43 reducing their positions, and 15 closing their positions.
55% more call options, than puts
Call options by funds: $1.77M | Put options by funds: $1.14M
44% more capital invested
Capital invested by funds: $369M → $534M (+$164M)
33% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 15
2% more funds holding
Funds holding: 129 → 131 (+2)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.76% less ownership
Funds ownership: 22.34% → 21.57% (-0.76%)
12% less repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 43
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Contrarian Capital Management
Greenwich,
Connecticut
|
+$19M |
| 2 |
Morgan Stanley
New York
|
+$14.8M |
| 3 |
Renaissance Technologies
New York
|
+$11.9M |
| 4 |
Credit Agricole
Montrouge Cedex,
France
|
+$8.18M |
| 5 |
Acadian Asset Management
Boston,
Massachusetts
|
+$5.47M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Adage Capital Partners
Boston,
Massachusetts
|
-$21.6M |
| 2 |
FC
Fairpointe Capital
Chicago,
Illinois
|
-$12.3M |
| 3 |
JP Morgan Chase
New York
|
-$7.08M |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$6.56M |
| 5 |
EA
Emerald Acquisition
Seattle,
Washington
|
-$6.15M |
GGB Hedge Fund Activity: Q3 2016 in Review
131 of the 3,759 institutional investors tracked by Wall St. Rank reported a position in Gerdau (GGB) for Q3 2016, worth a combined $534M — up 44% from $369M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new GGB positions and 15 closed out — a net gain of 5 holders — while 38 added to existing stakes and 43 trimmed.
The largest buyer was Contrarian Capital Management, adding an estimated $19M. The largest seller was Adage Capital Partners, exiting entirely with an estimated $21.6M sold.
- 131 institutional investors held Gerdau (GGB) as of Q3 2016, up from 129 in Q2 2016.
- Funds reported $534M of Gerdau stock for Q3 2016, up 44% quarter-over-quarter.
- 20 funds opened new Gerdau positions in Q3 2016 and 15 closed out, a net change of +5 holders.
- The largest Gerdau buyer in Q3 2016 was Contrarian Capital Management, an estimated $19M added.
- The largest Gerdau seller in Q3 2016 was Adage Capital Partners, an estimated $21.6M sold.
Based on aggregated 13F filings for Q3 2016.