Reliance Steel & Aluminium
525 hedge funds and large institutions have $12.4B invested in Reliance Steel & Aluminium in 2023 Q1 according to their latest regulatory filings, with 103 funds opening new positions, 165 increasing their positions, 192 reducing their positions, and 63 closing their positions.
63% more first-time investments, than exits
New positions opened: 103 | Existing positions closed: 63
34% more capital invested
Capital invested by funds: $9.23B → $12.4B (+$3.16B)
25% more call options, than puts
Call options by funds: $65.9M | Put options by funds: $52.9M
13% more funds holding in top 10
Funds holding in top 10: 8 → 9 (+1)
7% more funds holding
Funds holding: 491 → 525 (+34)
2.47% more ownership
Funds ownership: 81.48% → 83.95% (+2.5%)
14% less repeat investments, than reductions
Existing positions increased: 165 | Existing positions reduced: 192
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
+$301M |
| 2 |
BlackRock
New York
|
+$192M |
| 3 |
First Trust Advisors
Wheaton,
Illinois
|
+$162M |
| 4 |
State Street
Boston,
Massachusetts
|
+$73.1M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$53.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal London Asset Management
United Kingdom
|
-$110M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$107M |
| 3 |
Millennium Management
New York
|
-$102M |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
-$67.2M |
| 5 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
-$48M |
RS Hedge Fund Activity: Q1 2023 in Review
525 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Reliance Steel & Aluminium (RS) for Q1 2023, worth a combined $12.4B — up 34% from $9.23B a quarter earlier.
Buyers outnumbered sellers: 103 funds opened new RS positions and 63 closed out — a net gain of 40 holders — while 165 added to existing stakes and 192 trimmed.
The largest buyer was Envestnet Asset Management, adding an estimated $301M. The largest seller was Royal London Asset Management, cutting an estimated $110M.
- 525 institutional investors held Reliance Steel & Aluminium (RS) as of Q1 2023, up from 491 in Q4 2022.
- Funds reported $12.4B of Reliance Steel & Aluminium stock for Q1 2023, up 34% quarter-over-quarter.
- 103 funds opened new Reliance Steel & Aluminium positions in Q1 2023 and 63 closed out, a net change of +40 holders.
- The largest Reliance Steel & Aluminium buyer in Q1 2023 was Envestnet Asset Management, an estimated $301M added.
- The largest Reliance Steel & Aluminium seller in Q1 2023 was Royal London Asset Management, an estimated $110M sold.
Based on aggregated 13F filings for Q1 2023.