Reliance Steel & Aluminium
317 hedge funds and large institutions have $4.62B invested in Reliance Steel & Aluminium in 2017 Q3 according to their latest regulatory filings, with 31 funds opening new positions, 115 increasing their positions, 126 reducing their positions, and 37 closing their positions.
1,268% more call options, than puts
Call options by funds: $43.7M | Put options by funds: $3.19M
20% more funds holding in top 10
Funds holding in top 10: 5 → 6 (+1)
4% more capital invested
Capital invested by funds: $4.43B → $4.62B (+$196M)
0.2% less ownership
Funds ownership: 83.47% → 83.26% (-0.2%)
9% less repeat investments, than reductions
Existing positions increased: 115 | Existing positions reduced: 126
3% less funds holding
Funds holding: 328 → 317 (-11)
16% less first-time investments, than exits
New positions opened: 31 | Existing positions closed: 37
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
+$52M |
| 2 |
Millennium Management
New York
|
+$43.6M |
| 3 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$13M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
+$12.2M |
| 5 |
Franklin Resources
San Mateo,
California
|
+$11.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Adage Capital Partners
Boston,
Massachusetts
|
-$24.7M |
| 2 |
BlackRock
New York
|
-$21.1M |
| 3 |
LHC
Lodge Hill Capital
New York
|
-$19.3M |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
-$16.2M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
-$15.7M |
RS Hedge Fund Activity: Q3 2017 in Review
317 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Reliance Steel & Aluminium (RS) for Q3 2017, worth a combined $4.62B — up 4.4% from $4.43B a quarter earlier.
Sellers outnumbered buyers: 37 funds closed out of RS and 31 opened new positions — a net loss of 6 holders — while 126 trimmed existing stakes and 115 added.
The largest buyer was Victory Capital Management, adding an estimated $52M. The largest seller was Adage Capital Partners, cutting an estimated $24.7M.
- 317 institutional investors held Reliance Steel & Aluminium (RS) as of Q3 2017, down from 328 in Q2 2017.
- Funds reported $4.62B of Reliance Steel & Aluminium stock for Q3 2017, up 4.4% quarter-over-quarter.
- 31 funds opened new Reliance Steel & Aluminium positions in Q3 2017 and 37 closed out, a net change of -6 holders.
- The largest Reliance Steel & Aluminium buyer in Q3 2017 was Victory Capital Management, an estimated $52M added.
- The largest Reliance Steel & Aluminium seller in Q3 2017 was Adage Capital Partners, an estimated $24.7M sold.
Based on aggregated 13F filings for Q3 2017.