Reliance Steel & Aluminium
350 hedge funds and large institutions have $5.06B invested in Reliance Steel & Aluminium in 2018 Q1 according to their latest regulatory filings, with 57 funds opening new positions, 112 increasing their positions, 125 reducing their positions, and 33 closing their positions.
479% more call options, than puts
Call options by funds: $55.9M | Put options by funds: $9.66M
73% more first-time investments, than exits
New positions opened: 57 | Existing positions closed: 33
6% more funds holding
Funds holding: 329 → 350 (+21)
0% more funds holding in top 10
Funds holding in top 10: 7 → 7 (0)
2% less capital invested
Capital invested by funds: $5.17B → $5.06B (-$104M)
1.54% less ownership
Funds ownership: 82.61% → 81.07% (-1.5%)
10% less repeat investments, than reductions
Existing positions increased: 112 | Existing positions reduced: 125
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
3CP
3G Capital Partners
New York
|
+$54.5M |
| 2 |
AIM
Artemis Investment Management
Edinburgh,
United Kingdom
|
+$37M |
| 3 |
Acadian Asset Management
Boston,
Massachusetts
|
+$35.6M |
| 4 |
LM
Luminus Management
Houston,
Texas
|
+$31.6M |
| 5 |
Jennison Associates
New York
|
+$30.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
-$59.2M |
| 2 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$39M |
| 3 |
TAM
Third Avenue Management
New York
|
-$30.9M |
| 4 |
Adage Capital Partners
Boston,
Massachusetts
|
-$28.3M |
| 5 |
BGIM
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
|
-$25.2M |
RS Hedge Fund Activity: Q1 2018 in Review
350 of the 4,373 institutional investors tracked by Wall St. Rank reported a position in Reliance Steel & Aluminium (RS) for Q1 2018, worth a combined $5.06B — down 2% from $5.17B a quarter earlier.
Buyers outnumbered sellers: 57 funds opened new RS positions and 33 closed out — a net gain of 24 holders — while 112 added to existing stakes and 125 trimmed.
The largest buyer was 3G Capital Partners, adding an estimated $54.5M. The largest seller was Victory Capital Management, cutting an estimated $59.2M.
- 350 institutional investors held Reliance Steel & Aluminium (RS) as of Q1 2018, up from 329 in Q4 2017.
- Funds reported $5.06B of Reliance Steel & Aluminium stock for Q1 2018, down 2% quarter-over-quarter.
- 57 funds opened new Reliance Steel & Aluminium positions in Q1 2018 and 33 closed out, a net change of +24 holders.
- The largest Reliance Steel & Aluminium buyer in Q1 2018 was 3G Capital Partners, an estimated $54.5M added.
- The largest Reliance Steel & Aluminium seller in Q1 2018 was Victory Capital Management, an estimated $59.2M sold.
Based on aggregated 13F filings for Q1 2018.