Reliance Steel & Aluminium
258 hedge funds and large institutions have $3.93B invested in Reliance Steel & Aluminium in 2014 Q4 according to their latest regulatory filings, with 36 funds opening new positions, 114 increasing their positions, 80 reducing their positions, and 39 closing their positions.
43% more repeat investments, than reductions
Existing positions increased: 114 | Existing positions reduced: 80
8% less first-time investments, than exits
New positions opened: 36 | Existing positions closed: 39
1.1% less ownership
Funds ownership: 83.21% → 82.12% (-1.1%)
3% less funds holding
Funds holding: 265 → 258 (-7)
12% less capital invested
Capital invested by funds: $4.44B → $3.93B (-$511M)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
31% less call options, than puts
Call options by funds: $6.67M | Put options by funds: $9.73M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CC
Carlson Capital
Dallas,
Texas
|
+$36.5M |
| 2 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
+$35.7M |
| 3 |
Adage Capital Partners
Boston,
Massachusetts
|
+$28.5M |
| 4 |
SO
STRS Ohio
Columbus,
Ohio
|
+$25.4M |
| 5 |
Millennium Management
New York
|
+$24.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
-$66.4M |
| 2 |
Jennison Associates
New York
|
-$40.5M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$33M |
| 4 |
Goldman Sachs
New York
|
-$31M |
| 5 |
TCM
TimesSquare Capital Management
New York
|
-$27M |
RS Hedge Fund Activity: Q4 2014 in Review
258 of the 3,765 institutional investors tracked by Wall St. Rank reported a position in Reliance Steel & Aluminium (RS) for Q4 2014, worth a combined $3.93B — down 12% from $4.44B a quarter earlier.
Sellers outnumbered buyers: 39 funds closed out of RS and 36 opened new positions — a net loss of 3 holders — while 80 trimmed existing stakes and 114 added.
The largest buyer was Carlson Capital, opening a new position worth an estimated $36.5M. The largest seller was Franklin Resources, cutting an estimated $66.4M.
- 258 institutional investors held Reliance Steel & Aluminium (RS) as of Q4 2014, down from 265 in Q3 2014.
- Funds reported $3.93B of Reliance Steel & Aluminium stock for Q4 2014, down 12% quarter-over-quarter.
- 36 funds opened new Reliance Steel & Aluminium positions in Q4 2014 and 39 closed out, a net change of -3 holders.
- The largest Reliance Steel & Aluminium buyer in Q4 2014 was Carlson Capital, an estimated $36.5M added.
- The largest Reliance Steel & Aluminium seller in Q4 2014 was Franklin Resources, an estimated $66.4M sold.
Based on aggregated 13F filings for Q4 2014.