Gerdau
137 hedge funds and large institutions have $677M invested in Gerdau in 2017 Q3 according to their latest regulatory filings, with 19 funds opening new positions, 45 increasing their positions, 42 reducing their positions, and 17 closing their positions.
12% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 17
9% more capital invested
Capital invested by funds: $623M → $677M (+$54M)
7% more repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 42
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
1% less funds holding
Funds holding: 138 → 137 (-1)
0.74% less ownership
Funds ownership: 22.46% → 21.72% (-0.74%)
53% less call options, than puts
Call options by funds: $1.5M | Put options by funds: $3.18M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
+$15.2M |
| 2 |
Goldman Sachs
New York
|
+$11.4M |
| 3 |
JP Morgan Chase
New York
|
+$8.03M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$7.91M |
| 5 |
Credit Agricole
Montrouge Cedex,
France
|
+$5.62M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BBP
Banco BTG Pactual
Rio De Janeiro,
Brazil
|
-$17.6M |
| 2 |
ICP
Indus Capital Partners
New York
|
-$16.5M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$15.4M |
| 4 |
Millennium Management
New York
|
-$12.6M |
| 5 |
OCM
Oaktree Capital Management
Los Angeles,
California
|
-$8.02M |
GGB Hedge Fund Activity: Q3 2017 in Review
137 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in Gerdau (GGB) for Q3 2017, worth a combined $677M — up 8.7% from $623M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new GGB positions and 17 closed out — a net gain of 2 holders — while 45 added to existing stakes and 42 trimmed.
The largest buyer was Renaissance Technologies, adding an estimated $15.2M. The largest seller was Banco BTG Pactual, exiting entirely with an estimated $17.6M sold.
- 137 institutional investors held Gerdau (GGB) as of Q3 2017, down from 138 in Q2 2017.
- Funds reported $677M of Gerdau stock for Q3 2017, up 8.7% quarter-over-quarter.
- 19 funds opened new Gerdau positions in Q3 2017 and 17 closed out, a net change of +2 holders.
- The largest Gerdau buyer in Q3 2017 was Renaissance Technologies, an estimated $15.2M added.
- The largest Gerdau seller in Q3 2017 was Banco BTG Pactual, an estimated $17.6M sold.
Based on aggregated 13F filings for Q3 2017.