Reliance Steel & Aluminium
325 hedge funds and large institutions have $4.36B invested in Reliance Steel & Aluminium in 2016 Q3 according to their latest regulatory filings, with 37 funds opening new positions, 129 increasing their positions, 123 reducing their positions, and 39 closing their positions.
5% more repeat investments, than reductions
Existing positions increased: 129 | Existing positions reduced: 123
5% less first-time investments, than exits
New positions opened: 37 | Existing positions closed: 39
1.29% less ownership
Funds ownership: 85.33% → 84.04% (-1.3%)
2% less funds holding
Funds holding: 331 → 325 (-6)
7% less capital invested
Capital invested by funds: $4.71B → $4.36B (-$352M)
14% less funds holding in top 10
Funds holding in top 10: 7 → 6 (-1)
49% less call options, than puts
Call options by funds: $11.7M | Put options by funds: $23M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
+$28.5M |
| 2 |
American Century Companies
Kansas City,
Missouri
|
+$23.6M |
| 3 |
Millennium Management
New York
|
+$16.9M |
| 4 |
JIM
Jupiter Investment Management
London,
United Kingdom
|
+$16.5M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
+$11.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
3CP
3G Capital Partners
New York
|
-$38.5M |
| 2 |
RCM
Riverhead Capital Management
Wilmington,
Delaware
|
-$36.5M |
| 3 |
NI
Numeric Investors
Boston,
Massachusetts
|
-$27.8M |
| 4 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
-$23.8M |
| 5 |
FQ
First Quadrant
Glendale,
California
|
-$23.7M |
RS Hedge Fund Activity: Q3 2016 in Review
325 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Reliance Steel & Aluminium (RS) for Q3 2016, worth a combined $4.36B — down 7.5% from $4.71B a quarter earlier.
Sellers outnumbered buyers: 39 funds closed out of RS and 37 opened new positions — a net loss of 2 holders — while 123 trimmed existing stakes and 129 added.
The largest buyer was Victory Capital Management, adding an estimated $28.5M. The largest seller was 3G Capital Partners, exiting entirely with an estimated $38.5M sold.
- 325 institutional investors held Reliance Steel & Aluminium (RS) as of Q3 2016, down from 331 in Q2 2016.
- Funds reported $4.36B of Reliance Steel & Aluminium stock for Q3 2016, down 7.5% quarter-over-quarter.
- 37 funds opened new Reliance Steel & Aluminium positions in Q3 2016 and 39 closed out, a net change of -2 holders.
- The largest Reliance Steel & Aluminium buyer in Q3 2016 was Victory Capital Management, an estimated $28.5M added.
- The largest Reliance Steel & Aluminium seller in Q3 2016 was 3G Capital Partners, an estimated $38.5M sold.
Based on aggregated 13F filings for Q3 2016.