Reliance Steel & Aluminium
275 hedge funds and large institutions have $4.71B invested in Reliance Steel & Aluminium in 2013 Q4 according to their latest regulatory filings, with 37 funds opening new positions, 96 increasing their positions, 104 reducing their positions, and 24 closing their positions.
54% more first-time investments, than exits
New positions opened: 37 | Existing positions closed: 24
20% more funds holding in top 10
Funds holding in top 10: 5 → 6 (+1)
15% more call options, than puts
Call options by funds: $13.8M | Put options by funds: $12M
5% more funds holding
Funds holding: 262 → 275 (+13)
3% more capital invested
Capital invested by funds: $4.58B → $4.71B (+$136M)
0.79% less ownership
Funds ownership: 81.14% → 80.35% (-0.79%)
8% less repeat investments, than reductions
Existing positions increased: 96 | Existing positions reduced: 104
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BGIM
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
|
+$44.9M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$18.7M |
| 3 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$16.4M |
| 4 |
Adage Capital Partners
Boston,
Massachusetts
|
+$15.3M |
| 5 |
UOC
UBS O'Connor
Chicago,
Illinois
|
+$13.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LSV Asset Management
Chicago,
Illinois
|
-$64.2M |
| 2 |
SCA
SAC Capital Advisors
Stamford,
Connecticut
|
-$37.2M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$30.7M |
| 4 |
Goldman Sachs
New York
|
-$20.8M |
| 5 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$15.9M |
RS Hedge Fund Activity: Q4 2013 in Review
275 of the 3,459 institutional investors tracked by Wall St. Rank reported a position in Reliance Steel & Aluminium (RS) for Q4 2013, worth a combined $4.71B — up 3% from $4.58B a quarter earlier.
Buyers outnumbered sellers: 37 funds opened new RS positions and 24 closed out — a net gain of 13 holders — while 96 added to existing stakes and 104 trimmed.
The largest buyer was Brandywine Global Investment Management, adding an estimated $44.9M. The largest seller was LSV Asset Management, cutting an estimated $64.2M.
- 275 institutional investors held Reliance Steel & Aluminium (RS) as of Q4 2013, up from 262 in Q3 2013.
- Funds reported $4.71B of Reliance Steel & Aluminium stock for Q4 2013, up 3% quarter-over-quarter.
- 37 funds opened new Reliance Steel & Aluminium positions in Q4 2013 and 24 closed out, a net change of +13 holders.
- The largest Reliance Steel & Aluminium buyer in Q4 2013 was Brandywine Global Investment Management, an estimated $44.9M added.
- The largest Reliance Steel & Aluminium seller in Q4 2013 was LSV Asset Management, an estimated $64.2M sold.
Based on aggregated 13F filings for Q4 2013.