Gerdau
187 hedge funds and large institutions have $1.33B invested in Gerdau in 2023 Q3 according to their latest regulatory filings, with 23 funds opening new positions, 46 increasing their positions, 78 reducing their positions, and 37 closing their positions.
14% more call options, than puts
Call options by funds: $9.94M | Put options by funds: $8.73M
0.1% more ownership
Funds ownership: 28.58% → 28.68% (+0.1%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
7% less funds holding
Funds holding: 201 → 187 (-14)
7% less capital invested
Capital invested by funds: $1.44B → $1.33B (-$106M)
38% less first-time investments, than exits
New positions opened: 23 | Existing positions closed: 37
41% less repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 78
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$115M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$63.7M |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
+$11.6M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$8.34M |
| 5 |
MSAGDF
Moneda SA Administradora General de Fondos
Las Condes, Santiago,
Chile
|
+$6.83M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital International Investors
Los Angeles,
California
|
-$68.3M |
| 2 |
Acadian Asset Management
Boston,
Massachusetts
|
-$55.4M |
| 3 |
Man Group
London,
United Kingdom
|
-$34.3M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$24.2M |
| 5 |
Renaissance Technologies
New York
|
-$8.22M |
GGB Hedge Fund Activity: Q3 2023 in Review
187 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in Gerdau (GGB) for Q3 2023, worth a combined $1.33B — down 7.4% from $1.44B a quarter earlier.
Sellers outnumbered buyers: 37 funds closed out of GGB and 23 opened new positions — a net loss of 14 holders — while 78 trimmed existing stakes and 46 added.
The largest buyer was Fidelity Investments, adding an estimated $115M. The largest seller was Capital International Investors, cutting an estimated $68.3M.
- 187 institutional investors held Gerdau (GGB) as of Q3 2023, down from 201 in Q2 2023.
- Funds reported $1.33B of Gerdau stock for Q3 2023, down 7.4% quarter-over-quarter.
- 23 funds opened new Gerdau positions in Q3 2023 and 37 closed out, a net change of -14 holders.
- The largest Gerdau buyer in Q3 2023 was Fidelity Investments, an estimated $115M added.
- The largest Gerdau seller in Q3 2023 was Capital International Investors, an estimated $68.3M sold.
Based on aggregated 13F filings for Q3 2023.