Gerdau
138 hedge funds and large institutions have $623M invested in Gerdau in 2017 Q2 according to their latest regulatory filings, with 31 funds opening new positions, 48 increasing their positions, 32 reducing their positions, and 18 closing their positions.
72% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 18
50% more repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 32
10% more funds holding
Funds holding: 125 → 138 (+13)
0.9% more ownership
Funds ownership: 21.56% → 22.46% (+0.9%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
8% less capital invested
Capital invested by funds: $677M → $623M (-$53.6M)
64% less call options, than puts
Call options by funds: $1.26M | Put options by funds: $3.5M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$27.4M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$9.66M |
| 3 |
CCM
Contrarian Capital Management
Greenwich,
Connecticut
|
+$9.51M |
| 4 |
Millennium Management
New York
|
+$8.32M |
| 5 |
ICP
Indus Capital Partners
New York
|
+$6.49M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WBC
Westpac Banking Corp
Sydney,
Australia
|
-$40.4M |
| 2 |
RCIM
Russell Clark Investment Management
London,
United Kingdom
|
-$13.8M |
| 3 |
Credit Agricole
Montrouge Cedex,
France
|
-$9.19M |
| 4 |
AI
Axiom Investors
Greenwich,
Connecticut
|
-$7.07M |
| 5 |
BBP
Banco BTG Pactual
Rio De Janeiro,
Brazil
|
-$6.67M |
GGB Hedge Fund Activity: Q2 2017 in Review
138 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in Gerdau (GGB) for Q2 2017, worth a combined $623M — down 7.9% from $677M a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new GGB positions and 18 closed out — a net gain of 13 holders — while 48 added to existing stakes and 32 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $27.4M. The largest seller was Westpac Banking Corp, exiting entirely with an estimated $40.4M sold.
- 138 institutional investors held Gerdau (GGB) as of Q2 2017, up from 125 in Q1 2017.
- Funds reported $623M of Gerdau stock for Q2 2017, down 7.9% quarter-over-quarter.
- 31 funds opened new Gerdau positions in Q2 2017 and 18 closed out, a net change of +13 holders.
- The largest Gerdau buyer in Q2 2017 was Morgan Stanley, an estimated $27.4M added.
- The largest Gerdau seller in Q2 2017 was Westpac Banking Corp, an estimated $40.4M sold.
Based on aggregated 13F filings for Q2 2017.