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Reliance Steel & Aluminium
RS

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.

New
Increased
Maintained
Reduced
Closed

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

Holders
325
Holders Change
-6
Holders Change %
-1.81%
% of All Funds
8.67%
Holding in Top 10
6
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-14.29%
% of All Funds
0.16%
New
37
Increased
129
Reduced
123
Closed
39
Calls
$11.7M
Puts
$23M
Net Calls
-$11.3M
Net Calls Change
-$7.03M

Top Buyers

1
Victory Capital Management
Victory Capital Management
Texas
+$28.5M
2
American Century Companies
American Century Companies
Missouri
+$23.6M
3
Millennium Management
Millennium Management
New York
+$16.9M
4
JIM
Jupiter Investment Management
United Kingdom
+$16.5M
5
Wellington Management Group
Wellington Management Group
Massachusetts
+$11.9M

Top Sellers

1
3CP
3G Capital Partners
New York
-$38.5M
2
RCM
Riverhead Capital Management
Delaware
-$36.5M
3
NI
Numeric Investors
Massachusetts
-$27.8M
4
VNIM
Vaughan Nelson Investment Management
Texas
-$23.8M
5
FQ
First Quadrant
California
-$23.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
IR
276
Invictus RG
Bermuda
$157K -$373K -4,975 -70%
OMCS
277
Old Mutual Customised Solutions
South Africa
$137K – – –
AG
278
Advisor Group
Arizona
$109K +$53.1K +708 +86%
Parallax Volatility Advisers
279
Parallax Volatility Advisers
California
$92K -$39.8K -531 -29%
Fuller & Thaler Asset Management
280
Fuller & Thaler Asset Management
California
$86K – – –
NYLT
281
New York Life Trust
New York
$82K -$2.1K -28 -2%
IIC
282
Integrated Investment Consultants
Michigan
$78K – – –
PCM
283
Prelude Capital Management
New York
$72K -$49.1K -655 -40%
DADC
284
D.A. Davidson & Co
Montana
$63K – – –
SGAM
285
Smith Group Asset Management
Texas
$62K +$3.75K +50 +6%
IA
286
IFP Advisors
Florida
$51K +$9.75K +130 +23%
CPP
287
Crow Point Partners
Massachusetts
$50K +$52.4K +699 New
BFEC
288
Benjamin F. Edwards & Company
Missouri
$48K +$28.8K +384 +137%
MFS
289
MSI Financial Services
Massachusetts
$46K -$9.82K -131 -17%
WCBA
290
Weaver C. Barksdale & Associates
Tennessee
$43K +$4.88K +65 +12%
US Bancorp
291
US Bancorp
Minnesota
$41K +$1.5K +20 +4%
GWM
292
Geneos Wealth Management
Colorado
$37K +$5.33K +71 +16%
CM
293
CoreCommodity Management
Connecticut
$36K – – –
JWA
294
JFS Wealth Advisors
Pennsylvania
$36K – – –
WA
295
Winfield Associates
Ohio
$36K – – –
FNBT
296
FineMark National Bank & Trust
Florida
$35K +$225 +3 +0.6%
TCIM
297
TIAA CREF Investment Management
New York
$22.6K -$8.67M -115,599 -27%
FMII
298
Farmers & Merchants Investments Inc
Nebraska
$22K – – –
PHK
299
Point72 Hong Kong
Hong Kong
$22K +$7.5K +100 +50%
AIM
300
Acrospire Investment Management
Illinois
$21K -$108K -1,446 -83%
10 11
12
13 14

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.