Gerdau
125 hedge funds and large institutions have $677M invested in Gerdau in 2017 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 43 increasing their positions, 36 reducing their positions, and 29 closing their positions.
19% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 36
6% more capital invested
Capital invested by funds: $637M → $677M (+$39.8M)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0.7% less ownership
Funds ownership: 22.25% → 21.56% (-0.7%)
9% less funds holding
Funds holding: 137 → 125 (-12)
28% less first-time investments, than exits
New positions opened: 21 | Existing positions closed: 29
60% less call options, than puts
Call options by funds: $1.99M | Put options by funds: $4.99M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BBP
Banco BTG Pactual
Rio De Janeiro,
Brazil
|
+$31.3M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$21M |
| 3 |
BlackRock
New York
|
+$18M |
| 4 |
RCIM
Russell Clark Investment Management
London,
United Kingdom
|
+$15.7M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$11.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
-$21.2M |
| 2 |
CCM
Contrarian Capital Management
Greenwich,
Connecticut
|
-$13.6M |
| 3 |
WBC
Westpac Banking Corp
Sydney,
Australia
|
-$12.5M |
| 4 |
Credit Agricole
Montrouge Cedex,
France
|
-$11.8M |
| 5 |
PSCM
Prince Street Capital Management
New York
|
-$11.6M |
GGB Hedge Fund Activity: Q1 2017 in Review
125 of the 4,034 institutional investors tracked by Wall St. Rank reported a position in Gerdau (GGB) for Q1 2017, worth a combined $677M — up 6.3% from $637M a quarter earlier.
Sellers outnumbered buyers: 29 funds closed out of GGB and 21 opened new positions — a net loss of 8 holders — while 36 trimmed existing stakes and 43 added.
The largest buyer was Banco BTG Pactual, opening a new position worth an estimated $31.3M. The largest seller was Renaissance Technologies, cutting an estimated $21.2M.
- 125 institutional investors held Gerdau (GGB) as of Q1 2017, down from 137 in Q4 2016.
- Funds reported $677M of Gerdau stock for Q1 2017, up 6.3% quarter-over-quarter.
- 21 funds opened new Gerdau positions in Q1 2017 and 29 closed out, a net change of -8 holders.
- The largest Gerdau buyer in Q1 2017 was Banco BTG Pactual, an estimated $31.3M added.
- The largest Gerdau seller in Q1 2017 was Renaissance Technologies, an estimated $21.2M sold.
Based on aggregated 13F filings for Q1 2017.