Reliance Steel & Aluminium
570 hedge funds and large institutions have $12.9B invested in Reliance Steel & Aluminium in 2023 Q4 according to their latest regulatory filings, with 80 funds opening new positions, 176 increasing their positions, 233 reducing their positions, and 35 closing their positions.
129% more first-time investments, than exits
New positions opened: 80 | Existing positions closed: 35
50% more funds holding in top 10
Funds holding in top 10: 4 → 6 (+2)
7% more funds holding
Funds holding: 531 → 570 (+39)
5% more capital invested
Capital invested by funds: $12.3B → $12.9B (+$637M)
0.48% more ownership
Funds ownership: 79.72% → 80.2% (+0.48%)
24% less repeat investments, than reductions
Existing positions increased: 176 | Existing positions reduced: 233
48% less call options, than puts
Call options by funds: $62.2M | Put options by funds: $119M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$128M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$117M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$63.1M |
| 4 |
SC
SRB Corp
Boston,
Massachusetts
|
+$58.5M |
| 5 |
Norges Bank
Oslo,
Norway
|
+$58.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
-$132M |
| 2 |
BlackRock
New York
|
-$123M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$116M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
-$74.3M |
| 5 |
LSV Asset Management
Chicago,
Illinois
|
-$42.7M |
RS Hedge Fund Activity: Q4 2023 in Review
570 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Reliance Steel & Aluminium (RS) for Q4 2023, worth a combined $12.9B — up 5.2% from $12.3B a quarter earlier.
Buyers outnumbered sellers: 80 funds opened new RS positions and 35 closed out — a net gain of 45 holders — while 176 added to existing stakes and 233 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $128M. The largest seller was Victory Capital Management, cutting an estimated $132M.
- 570 institutional investors held Reliance Steel & Aluminium (RS) as of Q4 2023, up from 531 in Q3 2023.
- Funds reported $12.9B of Reliance Steel & Aluminium stock for Q4 2023, up 5.2% quarter-over-quarter.
- 80 funds opened new Reliance Steel & Aluminium positions in Q4 2023 and 35 closed out, a net change of +45 holders.
- The largest Reliance Steel & Aluminium buyer in Q4 2023 was Morgan Stanley, an estimated $128M added.
- The largest Reliance Steel & Aluminium seller in Q4 2023 was Victory Capital Management, an estimated $132M sold.
Based on aggregated 13F filings for Q4 2023.