Gerdau
139 hedge funds and large institutions have $6.27B invested in Gerdau in 2018 Q3 according to their latest regulatory filings, with 26 funds opening new positions, 37 increasing their positions, 51 reducing their positions, and 29 closing their positions.
181% more capital invested
Capital invested by funds: $2.23B → $6.27B (+$4.03B)
88% more call options, than puts
Call options by funds: $37.8M | Put options by funds: $20.1M
1.12% more ownership
Funds ownership: 19.89% → 21.02% (+1.1%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
3% less funds holding
Funds holding: 143 → 139 (-4)
10% less first-time investments, than exits
New positions opened: 26 | Existing positions closed: 29
27% less repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 51
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CGM
Capital Growth Management
Boston,
Massachusetts
|
+$43.4M |
| 2 |
Man Group
London,
United Kingdom
|
+$20.6M |
| 3 |
CCM
Contrarian Capital Management
Greenwich,
Connecticut
|
+$15.7M |
| 4 |
Fisher Asset Management
Camas,
Washington
|
+$10.3M |
| 5 |
IUHSA
Itau Unibanco Holding S.A.
Sao Paulo,
Brazil
|
+$10.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$18.1M |
| 2 |
FC
Fairpointe Capital
Chicago,
Illinois
|
-$15.2M |
| 3 |
MWNA
Marshall Wace North America
New York
|
-$13.3M |
| 4 |
Renaissance Technologies
New York
|
-$12M |
| 5 |
Morgan Stanley
New York
|
-$10.6M |
GGB Hedge Fund Activity: Q3 2018 in Review
139 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Gerdau (GGB) for Q3 2018, worth a combined $6.27B — up 181% from $2.23B a quarter earlier.
Sellers outnumbered buyers: 29 funds closed out of GGB and 26 opened new positions — a net loss of 3 holders — while 51 trimmed existing stakes and 37 added.
The largest buyer was Capital Growth Management, adding an estimated $43.4M. The largest seller was Millennium Management, cutting an estimated $18.1M.
- 139 institutional investors held Gerdau (GGB) as of Q3 2018, down from 143 in Q2 2018.
- Funds reported $6.27B of Gerdau stock for Q3 2018, up 181% quarter-over-quarter.
- 26 funds opened new Gerdau positions in Q3 2018 and 29 closed out, a net change of -3 holders.
- The largest Gerdau buyer in Q3 2018 was Capital Growth Management, an estimated $43.4M added.
- The largest Gerdau seller in Q3 2018 was Millennium Management, an estimated $18.1M sold.
Based on aggregated 13F filings for Q3 2018.