Gerdau
148 hedge funds and large institutions have $1.21B invested in Gerdau in 2021 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 58 increasing their positions, 45 reducing their positions, and 36 closing their positions.
29% more repeat investments, than reductions
Existing positions increased: 58 | Existing positions reduced: 45
25% more call options, than puts
Call options by funds: $9.07M | Put options by funds: $7.24M
2.84% less ownership
Funds ownership: 29.79% → 26.95% (-2.8%)
13% less funds holding
Funds holding: 170 → 148 (-22)
25% less capital invested
Capital invested by funds: $1.6B → $1.21B (-$393M)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
58% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 36
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$40.2M |
| 2 |
IUHSA
Itau Unibanco Holding S.A.
Sao Paulo,
Brazil
|
+$17.7M |
| 3 |
SGDR
SPX Gestao de Recursos
Rio De Janeiro,
Brazil
|
+$15.1M |
| 4 |
CCM
Contrarian Capital Management
Greenwich,
Connecticut
|
+$13.5M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$8.46M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$55M |
| 2 |
Morgan Stanley
New York
|
-$37.4M |
| 3 |
JP Morgan Chase
New York
|
-$36.8M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$34.3M |
| 5 |
Capital International Investors
Los Angeles,
California
|
-$25.3M |
GGB Hedge Fund Activity: Q3 2021 in Review
148 of the 5,728 institutional investors tracked by Wall St. Rank reported a position in Gerdau (GGB) for Q3 2021, worth a combined $1.21B — down 25% from $1.6B a quarter earlier.
Sellers outnumbered buyers: 36 funds closed out of GGB and 15 opened new positions — a net loss of 21 holders — while 45 trimmed existing stakes and 58 added.
The largest buyer was Bank of America, adding an estimated $40.2M. The largest seller was BlackRock, cutting an estimated $55M.
- 148 institutional investors held Gerdau (GGB) as of Q3 2021, down from 170 in Q2 2021.
- Funds reported $1.21B of Gerdau stock for Q3 2021, down 25% quarter-over-quarter.
- 15 funds opened new Gerdau positions in Q3 2021 and 36 closed out, a net change of -21 holders.
- The largest Gerdau buyer in Q3 2021 was Bank of America, an estimated $40.2M added.
- The largest Gerdau seller in Q3 2021 was BlackRock, an estimated $55M sold.
Based on aggregated 13F filings for Q3 2021.