Reliance Steel & Aluminium
331 hedge funds and large institutions have $4.91B invested in Reliance Steel & Aluminium in 2017 Q1 according to their latest regulatory filings, with 38 funds opening new positions, 128 increasing their positions, 127 reducing their positions, and 40 closing their positions.
1.73% more ownership
Funds ownership: 82.42% → 84.15% (+1.7%)
3% more capital invested
Capital invested by funds: $4.76B → $4.91B (+$148M)
1% more repeat investments, than reductions
Existing positions increased: 128 | Existing positions reduced: 127
5% less first-time investments, than exits
New positions opened: 38 | Existing positions closed: 40
3% less funds holding
Funds holding: 341 → 331 (-10)
11% less funds holding in top 10
Funds holding in top 10: 9 → 8 (-1)
42% less call options, than puts
Call options by funds: $3.16M | Put options by funds: $5.41M
Top Buyers
| 1 |
BlackRock
New York
|
+$544M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$43.6M |
| 3 |
3CP
3G Capital Partners
New York
|
+$32.8M |
| 4 |
Victory Capital Management
San Antonio,
Texas
|
+$32.3M |
| 5 |
TPCM
Tide Point Capital Management
Old Greenwich,
Connecticut
|
+$25.9M |
Top Sellers
| 1 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
-$34.5M |
| 2 |
Goldman Sachs
New York
|
-$33.7M |
| 3 |
AIM
Artemis Investment Management
Edinburgh,
United Kingdom
|
-$31.4M |
| 4 |
Adage Capital Partners
Boston,
Massachusetts
|
-$26.7M |
| 5 |
Bank of New York Mellon
New York
|
-$16.1M |
RS Hedge Fund Activity: Q1 2017 in Review
331 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Reliance Steel & Aluminium (RS) for Q1 2017, worth a combined $4.91B — up 3.1% from $4.76B a quarter earlier.
Sellers outnumbered buyers: 40 funds closed out of RS and 38 opened new positions — a net loss of 2 holders — while 127 trimmed existing stakes and 128 added.
The largest buyer was BlackRock, adding an estimated $544M. The largest seller was Panagora Asset Management, cutting an estimated $34.5M.
- 331 institutional investors held Reliance Steel & Aluminium (RS) as of Q1 2017, down from 341 in Q4 2016.
- Funds reported $4.91B of Reliance Steel & Aluminium stock for Q1 2017, up 3.1% quarter-over-quarter.
- 38 funds opened new Reliance Steel & Aluminium positions in Q1 2017 and 40 closed out, a net change of -2 holders.
- The largest Reliance Steel & Aluminium buyer in Q1 2017 was BlackRock, an estimated $544M added.
- The largest Reliance Steel & Aluminium seller in Q1 2017 was Panagora Asset Management, an estimated $34.5M sold.
Based on aggregated 13F filings for Q1 2017.