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Reliance Steel & Aluminium
RS

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.

New
Increased
Maintained
Reduced
Closed

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

Holders
331
Holders Change
-10
Holders Change %
-2.93%
% of All Funds
8.24%
Holding in Top 10
8
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-11.11%
% of All Funds
0.2%
New
38
Increased
128
Reduced
127
Closed
40
Calls
$3.16M
Puts
$5.41M
Net Calls
-$2.25M
Net Calls Change
+$1.84M

Top Buyers

1
BlackRock
BlackRock
New York
+$544M
2
Wellington Management Group
Wellington Management Group
Massachusetts
+$43.6M
3
3CP
3G Capital Partners
New York
+$32.8M
4
Victory Capital Management
Victory Capital Management
Texas
+$32.3M
5
TPCM
Tide Point Capital Management
Connecticut
+$25.9M

Top Sellers

1
PAM
Panagora Asset Management
Massachusetts
-$34.5M
2
Goldman Sachs
Goldman Sachs
New York
-$33.7M
3
AIM
Artemis Investment Management
United Kingdom
-$31.4M
4
Adage Capital Partners
Adage Capital Partners
Massachusetts
-$26.7M
5
Bank of New York Mellon
Bank of New York Mellon
New York
-$16.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
SOMRS
151
State of Michigan Retirement System
Michigan
$2.37M +$32.8K +400 +1%
JIM
152
Jensen Investment Management
Oregon
$2.29M – – –
GT
153
Glenmede Trust
Pennsylvania
$2.27M -$97.1K -1,183 -4%
Creative Planning
154
Creative Planning
Kansas
$2.25M – – –
Connor, Clark & Lunn Investment Management (CC&L)
155
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$2.25M +$57.5K +700 +3%
AG
156
Aperio Group
California
$2.23M +$6.32K +77 +0.3%
OPERF
157
Oregon Public Employees Retirement Fund
Oregon
$2.02M +$32.8K +400 +2%
EP
158
Elkfork Partners
Oregon
$1.99M -$1.69M -20,570 -45%
Macquarie Group
159
Macquarie Group
Australia
$1.72M – – –
WGCA
160
Wolf Group Capital Advisors
Virginia
$1.66M +$63.9K +778 +4%
PC
161
Palo Capital
California
$1.62M -$60.3K -735 -3%
Neuberger Berman Group
162
Neuberger Berman Group
New York
$1.59M -$360K -4,390 -18%
Los Angeles Capital Management
163
Los Angeles Capital Management
California
$1.53M -$785K -9,560 -33%
CIM
164
CenturyLink Investment Management
Colorado
$1.53M – – –
Stifel Financial
165
Stifel Financial
Missouri
$1.51M +$26.6K +324 +2%
LSERS
166
Louisiana State Employees Retirement System
Louisiana
$1.47M +$41K +500 +3%
TU
167
TDAM USA
Ontario, Canada
$1.46M +$26.8K +326 +2%
TAM
168
Tyers Asset Management
Texas
$1.45M -$1.23M -14,960 -45%
MCM
169
Matarin Capital Management
New York
$1.43M -$66.7K -813 -4%
MFM
170
Marianas Fund Management
New York
$1.4M +$1.44M +17,500 New
PA
171
Profund Advisors
Maryland
$1.38M -$175K -2,126 -11%
DCM
172
Dynamic Capital Management
Jersey
$1.29M -$1.99M -24,197 -60%
TRSOTSOK
173
Teachers Retirement System of the State of Kentucky
Kentucky
$1.29M -$167K -2,030 -11%
JIC
174
Johnson Investment Counsel
Ohio
$1.27M – – –
SG Americas Securities
175
SG Americas Securities
New York
$1.27M +$1.17M +14,236 +884%
5 6
7
8 9

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.