Gerdau
138 hedge funds and large institutions have $889M invested in Gerdau in 2019 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 41 increasing their positions, 49 reducing their positions, and 20 closing their positions.
93% more call options, than puts
Call options by funds: $32.5M | Put options by funds: $16.8M
67% more funds holding in top 10
Funds holding in top 10: 3 → 5 (+2)
8% more capital invested
Capital invested by funds: $820M → $889M (+$69.3M)
1.1% more ownership
Funds ownership: 24.13% → 25.22% (+1.1%)
5% less first-time investments, than exits
New positions opened: 19 | Existing positions closed: 20
1% less funds holding
Funds holding: 140 → 138 (-2)
16% less repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 49
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Causeway Capital Management
Los Angeles,
California
|
+$43.9M |
| 2 |
HSBC Holdings
London,
United Kingdom
|
+$33.6M |
| 3 |
CGM
Capital Growth Management
Boston,
Massachusetts
|
+$28.2M |
| 4 |
CCM
Contrarian Capital Management
Greenwich,
Connecticut
|
+$15.1M |
| 5 |
PPFA
Provida Pension Fund Administrator
Las Condes, Santiago,
Chile
|
+$14.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FC
Fairpointe Capital
Chicago,
Illinois
|
-$36.7M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$35.4M |
| 3 |
AI
Axiom Investors
Greenwich,
Connecticut
|
-$21.6M |
| 4 |
Man Group
London,
United Kingdom
|
-$15.7M |
| 5 |
BlackRock
New York
|
-$9.5M |
GGB Hedge Fund Activity: Q1 2019 in Review
138 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Gerdau (GGB) for Q1 2019, worth a combined $889M — up 8.5% from $820M a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of GGB and 19 opened new positions — a net loss of 1 holder — while 49 trimmed existing stakes and 41 added.
The largest buyer was Causeway Capital Management, opening a new position worth an estimated $43.9M. The largest seller was Fairpointe Capital, exiting entirely with an estimated $36.7M sold.
- 138 institutional investors held Gerdau (GGB) as of Q1 2019, down from 140 in Q4 2018.
- Funds reported $889M of Gerdau stock for Q1 2019, up 8.5% quarter-over-quarter.
- 19 funds opened new Gerdau positions in Q1 2019 and 20 closed out, a net change of -1 holder.
- The largest Gerdau buyer in Q1 2019 was Causeway Capital Management, an estimated $43.9M added.
- The largest Gerdau seller in Q1 2019 was Fairpointe Capital, an estimated $36.7M sold.
Based on aggregated 13F filings for Q1 2019.