Reliance Steel & Aluminium
266 hedge funds and large institutions have $4.66B invested in Reliance Steel & Aluminium in 2014 Q2 according to their latest regulatory filings, with 26 funds opening new positions, 101 increasing their positions, 108 reducing their positions, and 30 closing their positions.
171% more call options, than puts
Call options by funds: $23.1M | Put options by funds: $8.52M
20% more funds holding in top 10
Funds holding in top 10: 5 → 6 (+1)
5% more capital invested
Capital invested by funds: $4.44B → $4.66B (+$223M)
0.4% more ownership
Funds ownership: 81.01% → 81.41% (+0.4%)
6% less repeat investments, than reductions
Existing positions increased: 101 | Existing positions reduced: 108
2% less funds holding
Funds holding: 272 → 266 (-6)
13% less first-time investments, than exits
New positions opened: 26 | Existing positions closed: 30
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SSM
Sound Shore Management
Greenwich,
Connecticut
|
+$141M |
| 2 |
Norges Bank
Oslo,
Norway
|
+$43.1M |
| 3 |
FWIA
Fort Washington Investment Advisors
Cincinnati,
Ohio
|
+$33.9M |
| 4 |
OM
Ospraie Management
New York
|
+$24.1M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
+$22.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$64.9M |
| 2 |
RA
Royce & Associates
New York
|
-$59.4M |
| 3 |
AllianceBernstein
Nashville,
Tennessee
|
-$57.7M |
| 4 |
ICM
IronBridge Capital Management
Oakbrook Terrace,
Illinois
|
-$28.7M |
| 5 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
-$26.4M |
RS Hedge Fund Activity: Q2 2014 in Review
266 of the 3,491 institutional investors tracked by Wall St. Rank reported a position in Reliance Steel & Aluminium (RS) for Q2 2014, worth a combined $4.66B — up 5% from $4.44B a quarter earlier.
Sellers outnumbered buyers: 30 funds closed out of RS and 26 opened new positions — a net loss of 4 holders — while 108 trimmed existing stakes and 101 added.
The largest buyer was Sound Shore Management, opening a new position worth an estimated $141M. The largest seller was Fidelity Investments, cutting an estimated $64.9M.
- 266 institutional investors held Reliance Steel & Aluminium (RS) as of Q2 2014, down from 272 in Q1 2014.
- Funds reported $4.66B of Reliance Steel & Aluminium stock for Q2 2014, up 5% quarter-over-quarter.
- 26 funds opened new Reliance Steel & Aluminium positions in Q2 2014 and 30 closed out, a net change of -4 holders.
- The largest Reliance Steel & Aluminium buyer in Q2 2014 was Sound Shore Management, an estimated $141M added.
- The largest Reliance Steel & Aluminium seller in Q2 2014 was Fidelity Investments, an estimated $64.9M sold.
Based on aggregated 13F filings for Q2 2014.