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176 hedge funds and large institutions have $1.02B invested in Gerdau in 2025 Q3 according to their latest regulatory filings, with 29 funds opening new positions, 73 increasing their positions, 46 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

254% more call options, than puts

Call options by funds: $372K | Put options by funds: $105K

59% more repeat investments, than reductions

Existing positions increased: 73 | Existing positions reduced: 46

53% more first-time investments, than exits

New positions opened: 29 | Existing positions closed: 19

50% more funds holding in top 10

Funds holding in top 10: 23 (+1)

14% more capital invested

Capital invested by funds: $890M → $1.02B (+$126M)

6% more funds holding

Funds holding: 166176 (+10)

2.01% more ownership

Funds ownership: 23.27%25.28% (+2%)

Holders
176
Holders Change
+10
Holders Change %
+6.02%
% of All Funds
2.31%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.04%
New
29
Increased
73
Reduced
46
Closed
19
Calls
$372K
Puts
$105K
Net Calls
+$267K
Net Calls Change
+$81K
Name Holding Trade Value Shares
Change
Change in
Stake
Fidelity Investments
1
Fidelity Investments
Massachusetts
$264M -$72M -23,792,874 -22%
Capital International Investors
2
Capital International Investors
California
$96.2M +$1.76M +581,958 +2%
CCM
3
Contrarian Capital Management
Connecticut
$59.1M
AF
4
Aquamarine Financial
$55.2M +$53.9M +17,801,228 New
DSC
5
Donald Smith & Co
New York
$50.3M +$31M +10,256,832 +172%
Bank of America
6
Bank of America
North Carolina
$49.3M +$8.81M +2,910,482 +22%
Dimensional Fund Advisors
7
Dimensional Fund Advisors
Texas
$37.3M -$1.22M -402,361 -3%
Renaissance Technologies
8
Renaissance Technologies
New York
$33.7M +$1.86M +613,547 +6%
IUHSA
9
Itau Unibanco Holding S.A.
Brazil
$30.9M +$17.9M +5,919,661 +147%
Two Sigma Investments
10
Two Sigma Investments
New York
$23.2M -$907K -299,818 -4%
CCM
11
Causeway Capital Management
California
$22.3M +$13.7M +4,519,092 +169%
BlackRock
12
BlackRock
New York
$21.7M -$53.3K -17,624 -0.3%
Morgan Stanley
13
Morgan Stanley
New York
$20.7M +$7.2M +2,379,654 +55%
Optiver Holding
14
Optiver Holding
Netherlands
$16.8M +$5.3M +1,752,282 +48%
Goldman Sachs
15
Goldman Sachs
New York
$16.2M +$5.34M +1,765,478 +51%
American Century Companies
16
American Century Companies
Missouri
$14.9M +$2.43M +804,259 +20%
SGDR
17
SPX Gestao de Recursos
Brazil
$13.9M +$4.91M +1,621,938 +57%
State Street
18
State Street
Massachusetts
$10.4M +$302K +99,928 +3%
Vanguard Group
19
Vanguard Group
Pennsylvania
$10.1M +$254K +83,883 +3%
Two Sigma Advisers
20
Two Sigma Advisers
New York
$9.98M -$7.41M -2,447,700 -43%
D.E. Shaw & Co
21
D.E. Shaw & Co
New York
$9.82M +$2.24M +740,017 +31%
Fidelity International
22
Fidelity International
Bermuda
$9.43M +$453K +149,856 +5%
Mackenzie Financial
23
Mackenzie Financial
Ontario, Canada
$7.07M +$2.23M +735,721 +48%
KCM
24
Kawa Capital Management
Florida
$6.49M
UBS Group
25
UBS Group
Switzerland
$6.48M +$54.8K +18,111 +0.9%

GGB Hedge Fund Activity: Q3 2025 in Review

176 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in Gerdau (GGB) for Q3 2025, worth a combined $1.02B — up 14% from $890M a quarter earlier.

Buyers outnumbered sellers: 29 funds opened new GGB positions and 19 closed out — a net gain of 10 holders — while 73 added to existing stakes and 46 trimmed.

The largest buyer was Donald Smith & Co, adding an estimated $31M. The largest seller was Fidelity Investments, cutting an estimated $72M.

  • 176 institutional investors held Gerdau (GGB) as of Q3 2025, up from 166 in Q2 2025.
  • Funds reported $1.02B of Gerdau stock for Q3 2025, up 14% quarter-over-quarter.
  • 29 funds opened new Gerdau positions in Q3 2025 and 19 closed out, a net change of +10 holders.
  • The largest Gerdau buyer in Q3 2025 was Donald Smith & Co, an estimated $31M added.
  • The largest Gerdau seller in Q3 2025 was Fidelity Investments, an estimated $72M sold.

Based on aggregated 13F filings for Q3 2025.