Gerdau
143 hedge funds and large institutions have $639M invested in Gerdau in 2018 Q2 according to their latest regulatory filings, with 26 funds opening new positions, 43 increasing their positions, 47 reducing their positions, and 21 closing their positions.
24% more call options, than puts
Call options by funds: $23.6M | Put options by funds: $19M
24% more first-time investments, than exits
New positions opened: 26 | Existing positions closed: 21
3% more funds holding
Funds holding: 139 → 143 (+4)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
9% less repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 47
2.66% less ownership
Funds ownership: 22.51% → 19.84% (-2.7%)
33% less capital invested
Capital invested by funds: $954M → $639M (-$315M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CGM
Capital Growth Management
Boston,
Massachusetts
|
+$40.8M |
| 2 |
MWNA
Marshall Wace North America
New York
|
+$14.6M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$11.4M |
| 4 |
GAM
Goldentree Asset Management
New York
|
+$11.1M |
| 5 |
Fisher Asset Management
Camas,
Washington
|
+$9.95M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$68.4M |
| 2 |
Morgan Stanley
New York
|
-$37.5M |
| 3 |
Russell Investments Group
London,
United Kingdom
|
-$18.6M |
| 4 |
Renaissance Technologies
New York
|
-$12.3M |
| 5 |
PPFA
Provida Pension Fund Administrator
Las Condes, Santiago,
Chile
|
-$11.7M |
GGB Hedge Fund Activity: Q2 2018 in Review
143 of the 4,385 institutional investors tracked by Wall St. Rank reported a position in Gerdau (GGB) for Q2 2018, worth a combined $639M — down 33% from $954M a quarter earlier.
Buyers outnumbered sellers: 26 funds opened new GGB positions and 21 closed out — a net gain of 5 holders — while 43 added to existing stakes and 47 trimmed.
The largest buyer was Capital Growth Management, opening a new position worth an estimated $40.8M. The largest seller was Wellington Management Group, cutting an estimated $68.4M.
- 143 institutional investors held Gerdau (GGB) as of Q2 2018, up from 139 in Q1 2018.
- Funds reported $639M of Gerdau stock for Q2 2018, down 33% quarter-over-quarter.
- 26 funds opened new Gerdau positions in Q2 2018 and 21 closed out, a net change of +5 holders.
- The largest Gerdau buyer in Q2 2018 was Capital Growth Management, an estimated $40.8M added.
- The largest Gerdau seller in Q2 2018 was Wellington Management Group, an estimated $68.4M sold.
Based on aggregated 13F filings for Q2 2018.