Reliance Steel & Aluminium
272 hedge funds and large institutions have $4.44B invested in Reliance Steel & Aluminium in 2014 Q1 according to their latest regulatory filings, with 34 funds opening new positions, 108 increasing their positions, 94 reducing their positions, and 34 closing their positions.
258% more call options, than puts
Call options by funds: $19.6M | Put options by funds: $5.49M
15% more repeat investments, than reductions
Existing positions increased: 108 | Existing positions reduced: 94
0.66% more ownership
Funds ownership: 80.35% → 81.01% (+0.66%)
0% more first-time investments, than exits
New positions opened: 34 | Existing positions closed: 34
1% less funds holding
Funds holding: 275 → 272 (-3)
6% less capital invested
Capital invested by funds: $4.71B → $4.44B (-$273M)
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$57M |
| 2 |
Adage Capital Partners
Boston,
Massachusetts
|
+$34.4M |
| 3 |
SCA
SAC Capital Advisors
Stamford,
Connecticut
|
+$30.2M |
| 4 |
TCM
TimesSquare Capital Management
New York
|
+$29.3M |
| 5 |
CC
Carlson Capital
Dallas,
Texas
|
+$23M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$161M |
| 2 |
Bank of New York Mellon
New York
|
-$36.9M |
| 3 |
Goldman Sachs
New York
|
-$25.9M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$17M |
| 5 |
AllianceBernstein
Nashville,
Tennessee
|
-$14.7M |
RS Hedge Fund Activity: Q1 2014 in Review
272 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in Reliance Steel & Aluminium (RS) for Q1 2014, worth a combined $4.44B — down 5.8% from $4.71B a quarter earlier.
Fund positioning in RS was balanced in Q1 2014: 34 funds opened new positions, 34 closed out, 108 added to existing stakes and 94 trimmed.
The largest buyer was Millennium Management, adding an estimated $57M. The largest seller was Lord, Abbett & Co, cutting an estimated $161M.
- 272 institutional investors held Reliance Steel & Aluminium (RS) as of Q1 2014, down from 275 in Q4 2013.
- Funds reported $4.44B of Reliance Steel & Aluminium stock for Q1 2014, down 5.8% quarter-over-quarter.
- 34 funds opened new Reliance Steel & Aluminium positions in Q1 2014 and 34 closed out, a net change of 0 holders.
- The largest Reliance Steel & Aluminium buyer in Q1 2014 was Millennium Management, an estimated $57M added.
- The largest Reliance Steel & Aluminium seller in Q1 2014 was Lord, Abbett & Co, an estimated $161M sold.
Based on aggregated 13F filings for Q1 2014.