Reliance Steel & Aluminium
262 hedge funds and large institutions have $4.58B invested in Reliance Steel & Aluminium in 2013 Q3 according to their latest regulatory filings, with 34 funds opening new positions, 101 increasing their positions, 94 reducing their positions, and 27 closing their positions.
26% more first-time investments, than exits
New positions opened: 34 | Existing positions closed: 27
12% more capital invested
Capital invested by funds: $4.07B → $4.58B (+$507M)
2% more funds holding
Funds holding: 256 → 262 (+6)
7% more repeat investments, than reductions
Existing positions increased: 101 | Existing positions reduced: 94
0.19% more ownership
Funds ownership: 80.95% → 81.14% (+0.19%)
17% less call options, than puts
Call options by funds: $10.1M | Put options by funds: $12.1M
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$48.6M |
| 2 |
BGIM
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
|
+$31.9M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$16.3M |
| 4 |
SCA
SAC Capital Advisors
Stamford,
Connecticut
|
+$14.7M |
| 5 |
PFC
Poplar Forest Capital
Pasadena,
California
|
+$11M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KeyBank National Association
Cleveland,
Ohio
|
-$43.5M |
| 2 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
-$36M |
| 3 |
Adage Capital Partners
Boston,
Massachusetts
|
-$31.6M |
| 4 |
SO
STRS Ohio
Columbus,
Ohio
|
-$22.3M |
| 5 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
-$15.4M |
RS Hedge Fund Activity: Q3 2013 in Review
262 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in Reliance Steel & Aluminium (RS) for Q3 2013, worth a combined $4.58B — up 12% from $4.07B a quarter earlier.
Buyers outnumbered sellers: 34 funds opened new RS positions and 27 closed out — a net gain of 7 holders — while 101 added to existing stakes and 94 trimmed.
The largest buyer was Lord, Abbett & Co, adding an estimated $48.6M. The largest seller was KeyBank National Association, exiting entirely with an estimated $43.5M sold.
- 262 institutional investors held Reliance Steel & Aluminium (RS) as of Q3 2013, up from 256 in Q2 2013.
- Funds reported $4.58B of Reliance Steel & Aluminium stock for Q3 2013, up 12% quarter-over-quarter.
- 34 funds opened new Reliance Steel & Aluminium positions in Q3 2013 and 27 closed out, a net change of +7 holders.
- The largest Reliance Steel & Aluminium buyer in Q3 2013 was Lord, Abbett & Co, an estimated $48.6M added.
- The largest Reliance Steel & Aluminium seller in Q3 2013 was KeyBank National Association, an estimated $43.5M sold.
Based on aggregated 13F filings for Q3 2013.