Reliance Steel & Aluminium
328 hedge funds and large institutions have $4.09B invested in Reliance Steel & Aluminium in 2016 Q1 according to their latest regulatory filings, with 55 funds opening new positions, 131 increasing their positions, 113 reducing their positions, and 20 closing their positions.
175% more first-time investments, than exits
New positions opened: 55 | Existing positions closed: 20
125% more funds holding in top 10
Funds holding in top 10: 4 → 9 (+5)
95% more call options, than puts
Call options by funds: $16.9M | Put options by funds: $8.66M
21% more capital invested
Capital invested by funds: $3.38B → $4.09B (+$713M)
16% more repeat investments, than reductions
Existing positions increased: 131 | Existing positions reduced: 113
12% more funds holding
Funds holding: 294 → 328 (+34)
0.87% more ownership
Funds ownership: 81.46% → 82.33% (+0.87%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of New York Mellon
New York
|
+$40.9M |
| 2 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
+$24.8M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$23.9M |
| 4 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
+$23.6M |
| 5 |
Acadian Asset Management
Boston,
Massachusetts
|
+$23.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RA
Royce & Associates
New York
|
-$45.8M |
| 2 |
Adage Capital Partners
Boston,
Massachusetts
|
-$43.6M |
| 3 |
Jennison Associates
New York
|
-$24.5M |
| 4 |
FPA
First Pacific Advisors
El Segundo,
California
|
-$16.2M |
| 5 |
CIA
CCM Investment Advisers
Columbia,
South Carolina
|
-$15.8M |
RS Hedge Fund Activity: Q1 2016 in Review
328 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in Reliance Steel & Aluminium (RS) for Q1 2016, worth a combined $4.09B — up 21% from $3.38B a quarter earlier.
Buyers outnumbered sellers: 55 funds opened new RS positions and 20 closed out — a net gain of 35 holders — while 131 added to existing stakes and 113 trimmed.
The largest buyer was Bank of New York Mellon, adding an estimated $40.9M. The largest seller was Royce & Associates, cutting an estimated $45.8M.
- 328 institutional investors held Reliance Steel & Aluminium (RS) as of Q1 2016, up from 294 in Q4 2015.
- Funds reported $4.09B of Reliance Steel & Aluminium stock for Q1 2016, up 21% quarter-over-quarter.
- 55 funds opened new Reliance Steel & Aluminium positions in Q1 2016 and 20 closed out, a net change of +35 holders.
- The largest Reliance Steel & Aluminium buyer in Q1 2016 was Bank of New York Mellon, an estimated $40.9M added.
- The largest Reliance Steel & Aluminium seller in Q1 2016 was Royce & Associates, an estimated $45.8M sold.
Based on aggregated 13F filings for Q1 2016.