Reliance Steel & Aluminium
341 hedge funds and large institutions have $4.76B invested in Reliance Steel & Aluminium in 2016 Q4 according to their latest regulatory filings, with 59 funds opening new positions, 109 increasing their positions, 139 reducing their positions, and 39 closing their positions.
51% more first-time investments, than exits
New positions opened: 59 | Existing positions closed: 39
50% more funds holding in top 10
Funds holding in top 10: 6 → 9 (+3)
9% more capital invested
Capital invested by funds: $4.36B → $4.76B (+$400M)
5% more funds holding
Funds holding: 325 → 341 (+16)
1.61% less ownership
Funds ownership: 84.04% → 82.42% (-1.6%)
21% less call options, than puts
Call options by funds: $15.3M | Put options by funds: $19.3M
22% less repeat investments, than reductions
Existing positions increased: 109 | Existing positions reduced: 139
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
+$45.6M |
| 2 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$39.3M |
| 3 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
+$37.2M |
| 4 |
LHC
Lodge Hill Capital
New York
|
+$33.8M |
| 5 |
AIM
Artemis Investment Management
Edinburgh,
United Kingdom
|
+$30.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Robeco Institutional Asset Management
Rotterdam,
Netherlands
|
-$58.6M |
| 2 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
-$53.8M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$53.3M |
| 4 |
Millennium Management
New York
|
-$21.1M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
-$19.8M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
M
376
MOTCO
San Antonio,
Texas
| – | -$4K | -50 | Closed |
|
|
ACH
377
ArrowMark Colorado Holdings
Denver,
Colorado
| – | -$3K | -42 | Closed |
|
378
AssetMark Inc
Concord,
California
| – | -$3K | -37 | Closed |
|
|
DPA
379
Delphi Private Advisors
San Diego,
California
| – | -$2K | -25 | Closed |
|
|
MWM
380
MinichMacGregor Wealth Management
Saratoga Springs,
New York
| – | +$686 | +9 | New |
|
RS Hedge Fund Activity: Q4 2016 in Review
341 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Reliance Steel & Aluminium (RS) for Q4 2016, worth a combined $4.76B — up 9.2% from $4.36B a quarter earlier.
Buyers outnumbered sellers: 59 funds opened new RS positions and 39 closed out — a net gain of 20 holders — while 109 added to existing stakes and 139 trimmed.
The largest buyer was Victory Capital Management, adding an estimated $45.6M. The largest seller was Robeco Institutional Asset Management, cutting an estimated $58.6M.
- 341 institutional investors held Reliance Steel & Aluminium (RS) as of Q4 2016, up from 325 in Q3 2016.
- Funds reported $4.76B of Reliance Steel & Aluminium stock for Q4 2016, up 9.2% quarter-over-quarter.
- 59 funds opened new Reliance Steel & Aluminium positions in Q4 2016 and 39 closed out, a net change of +20 holders.
- The largest Reliance Steel & Aluminium buyer in Q4 2016 was Victory Capital Management, an estimated $45.6M added.
- The largest Reliance Steel & Aluminium seller in Q4 2016 was Robeco Institutional Asset Management, an estimated $58.6M sold.
Based on aggregated 13F filings for Q4 2016.