Reliance Steel & Aluminium
349 hedge funds and large institutions have $5.07B invested in Reliance Steel & Aluminium in 2018 Q1 according to their latest regulatory filings, with 56 funds opening new positions, 113 increasing their positions, 124 reducing their positions, and 33 closing their positions.
479% more call options, than puts
Call options by funds: $55.9M | Put options by funds: $9.66M
70% more first-time investments, than exits
New positions opened: 56 | Existing positions closed: 33
6% more funds holding
Funds holding: 329 → 349 (+20)
0% more funds holding in top 10
Funds holding in top 10: 7 → 7 (0)
2% less capital invested
Capital invested by funds: $5.16B → $5.07B (-$91.4M)
9% less repeat investments, than reductions
Existing positions increased: 113 | Existing positions reduced: 124
1.39% less ownership
Funds ownership: 82.61% → 81.22% (-1.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
3CP
3G Capital Partners
New York
|
+$54.5M |
| 2 |
AIM
Artemis Investment Management
Edinburgh,
United Kingdom
|
+$37M |
| 3 |
Acadian Asset Management
Boston,
Massachusetts
|
+$35.6M |
| 4 |
LM
Luminus Management
Houston,
Texas
|
+$31.6M |
| 5 |
Jennison Associates
New York
|
+$30.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
-$59.2M |
| 2 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$39M |
| 3 |
TAM
Third Avenue Management
New York
|
-$30.9M |
| 4 |
Adage Capital Partners
Boston,
Massachusetts
|
-$28.3M |
| 5 |
BGIM
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
|
-$25.2M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
STA
376
Summit Trail Advisors
New York
| – | -$6K | -67 | Closed |
|
377
AssetMark Inc
Concord,
California
| – | -$1K | -12 | Closed |
|
|
DAM
378
Delta Asset Management
Memphis,
Tennessee
| – | -$1K | -11 | Closed |
|
379
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
| – | -$1K | -8 | Closed |
|
|
SF
380
Synovus Financial
Columbus,
Georgia
| – | +$179 | +2 | New |
|
RS Hedge Fund Activity: Q1 2018 in Review
349 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Reliance Steel & Aluminium (RS) for Q1 2018, worth a combined $5.07B — down 1.8% from $5.16B a quarter earlier.
Buyers outnumbered sellers: 56 funds opened new RS positions and 33 closed out — a net gain of 23 holders — while 113 added to existing stakes and 124 trimmed.
The largest buyer was 3G Capital Partners, adding an estimated $54.5M. The largest seller was Victory Capital Management, cutting an estimated $59.2M.
- 349 institutional investors held Reliance Steel & Aluminium (RS) as of Q1 2018, up from 329 in Q4 2017.
- Funds reported $5.07B of Reliance Steel & Aluminium stock for Q1 2018, down 1.8% quarter-over-quarter.
- 56 funds opened new Reliance Steel & Aluminium positions in Q1 2018 and 33 closed out, a net change of +23 holders.
- The largest Reliance Steel & Aluminium buyer in Q1 2018 was 3G Capital Partners, an estimated $54.5M added.
- The largest Reliance Steel & Aluminium seller in Q1 2018 was Victory Capital Management, an estimated $59.2M sold.
Based on aggregated 13F filings for Q1 2018.