Gerdau
140 hedge funds and large institutions have $826M invested in Gerdau in 2018 Q4 according to their latest regulatory filings, with 29 funds opening new positions, 38 increasing their positions, 43 reducing their positions, and 27 closing their positions.
48% more call options, than puts
Call options by funds: $32.5M | Put options by funds: $21.9M
3.3% more ownership
Funds ownership: 20.82% → 24.13% (+3.3%)
7% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 27
4% more capital invested
Capital invested by funds: $797M → $826M (+$28.7M)
1% more funds holding
Funds holding: 139 → 140 (+1)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
12% less repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 43
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital International Investors
Los Angeles,
California
|
+$268M |
| 2 |
Man Group
London,
United Kingdom
|
+$31.4M |
| 3 |
Morgan Stanley
New York
|
+$13.5M |
| 4 |
Goldman Sachs
New York
|
+$7.46M |
| 5 |
AC
AMS Capital
Sao Paulo,
Brazil
|
+$5.23M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CGM
Capital Growth Management
Boston,
Massachusetts
|
-$84.2M |
| 2 |
AI
Axiom Investors
Greenwich,
Connecticut
|
-$30M |
| 3 |
Renaissance Technologies
New York
|
-$24.9M |
| 4 |
BlackRock
New York
|
-$21.6M |
| 5 |
JP Morgan Chase
New York
|
-$17.1M |
GGB Hedge Fund Activity: Q4 2018 in Review
140 of the 4,505 institutional investors tracked by Wall St. Rank reported a position in Gerdau (GGB) for Q4 2018, worth a combined $826M — up 3.6% from $797M a quarter earlier.
Buyers outnumbered sellers: 29 funds opened new GGB positions and 27 closed out — a net gain of 2 holders — while 38 added to existing stakes and 43 trimmed.
The largest buyer was Capital International Investors, opening a new position worth an estimated $268M. The largest seller was Capital Growth Management, exiting entirely with an estimated $84.2M sold.
- 140 institutional investors held Gerdau (GGB) as of Q4 2018, up from 139 in Q3 2018.
- Funds reported $826M of Gerdau stock for Q4 2018, up 3.6% quarter-over-quarter.
- 29 funds opened new Gerdau positions in Q4 2018 and 27 closed out, a net change of +2 holders.
- The largest Gerdau buyer in Q4 2018 was Capital International Investors, an estimated $268M added.
- The largest Gerdau seller in Q4 2018 was Capital Growth Management, an estimated $84.2M sold.
Based on aggregated 13F filings for Q4 2018.