Gerdau
132 hedge funds and large institutions have $752M invested in Gerdau in 2019 Q3 according to their latest regulatory filings, with 21 funds opening new positions, 41 increasing their positions, 47 reducing their positions, and 20 closing their positions.
5% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 20
0.69% more ownership
Funds ownership: 25.55% → 26.24% (+0.69%)
0% more funds holding
Funds holding: 132 → 132 (0)
13% less repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 47
17% less capital invested
Capital invested by funds: $904M → $752M (-$152M)
60% less funds holding in top 10
Funds holding in top 10: 5 → 2 (-3)
66% less call options, than puts
Call options by funds: $2.24M | Put options by funds: $6.67M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital International Investors
Los Angeles,
California
|
+$64.4M |
| 2 |
JP Morgan Chase
New York
|
+$19M |
| 3 |
Morgan Stanley
New York
|
+$7.54M |
| 4 |
IUHSA
Itau Unibanco Holding S.A.
Sao Paulo,
Brazil
|
+$4.87M |
| 5 |
CII
Capital International Inc
Los Angeles,
California
|
+$4.58M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Causeway Capital Management
Los Angeles,
California
|
-$30.9M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$15.8M |
| 3 |
BlackRock
New York
|
-$11M |
| 4 |
SC
Sagil Capital
London,
United Kingdom
|
-$7.78M |
| 5 |
AC
AMS Capital
Sao Paulo,
Brazil
|
-$7.33M |
GGB Hedge Fund Activity: Q3 2019 in Review
132 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Gerdau (GGB) for Q3 2019, worth a combined $752M — down 17% from $904M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new GGB positions and 20 closed out — a net gain of 1 holder — while 41 added to existing stakes and 47 trimmed.
The largest buyer was Capital International Investors, adding an estimated $64.4M. The largest seller was Causeway Capital Management, cutting an estimated $30.9M.
- 132 institutional investors held Gerdau (GGB) as of Q3 2019, unchanged from Q2 2019.
- Funds reported $752M of Gerdau stock for Q3 2019, down 17% quarter-over-quarter.
- 21 funds opened new Gerdau positions in Q3 2019 and 20 closed out, a net change of +1 holder.
- The largest Gerdau buyer in Q3 2019 was Capital International Investors, an estimated $64.4M added.
- The largest Gerdau seller in Q3 2019 was Causeway Capital Management, an estimated $30.9M sold.
Based on aggregated 13F filings for Q3 2019.