Reliance Steel & Aluminium
371 hedge funds and large institutions have $4.96B invested in Reliance Steel & Aluminium in 2018 Q3 according to their latest regulatory filings, with 45 funds opening new positions, 144 increasing their positions, 139 reducing their positions, and 38 closing their positions.
18% more first-time investments, than exits
New positions opened: 45 | Existing positions closed: 38
17% more call options, than puts
Call options by funds: $10.6M | Put options by funds: $9.03M
1% more funds holding
Funds holding: 367 → 371 (+4)
4% more repeat investments, than reductions
Existing positions increased: 144 | Existing positions reduced: 139
0.21% less ownership
Funds ownership: 82.21% → 82% (-0.21%)
4% less capital invested
Capital invested by funds: $5.17B → $4.96B (-$208M)
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Allianz Asset Management
Munich,
Germany
|
+$28.7M |
| 2 |
LM
Luminus Management
Houston,
Texas
|
+$18.8M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
+$15.3M |
| 4 |
FQ
First Quadrant
Glendale,
California
|
+$14.4M |
| 5 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
+$13.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Adage Capital Partners
Boston,
Massachusetts
|
-$57M |
| 2 |
3CP
3G Capital Partners
New York
|
-$40.8M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$28.3M |
| 4 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
-$17.5M |
| 5 |
Point72 Asset Management
Stamford,
Connecticut
|
-$15.5M |
RS Hedge Fund Activity: Q3 2018 in Review
371 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Reliance Steel & Aluminium (RS) for Q3 2018, worth a combined $4.96B — down 4% from $5.17B a quarter earlier.
Buyers outnumbered sellers: 45 funds opened new RS positions and 38 closed out — a net gain of 7 holders — while 144 added to existing stakes and 139 trimmed.
The largest buyer was Allianz Asset Management, adding an estimated $28.7M. The largest seller was Adage Capital Partners, exiting entirely with an estimated $57M sold.
- 371 institutional investors held Reliance Steel & Aluminium (RS) as of Q3 2018, up from 367 in Q2 2018.
- Funds reported $4.96B of Reliance Steel & Aluminium stock for Q3 2018, down 4% quarter-over-quarter.
- 45 funds opened new Reliance Steel & Aluminium positions in Q3 2018 and 38 closed out, a net change of +7 holders.
- The largest Reliance Steel & Aluminium buyer in Q3 2018 was Allianz Asset Management, an estimated $28.7M added.
- The largest Reliance Steel & Aluminium seller in Q3 2018 was Adage Capital Partners, an estimated $57M sold.
Based on aggregated 13F filings for Q3 2018.