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Reliance Steel & Aluminium
RS

341 hedge funds and large institutions have $3.93B invested in Reliance Steel & Aluminium in 2018 Q4 according to their latest regulatory filings, with 40 funds opening new positions, 88 increasing their positions, 175 reducing their positions, and 69 closing their positions.

New
Increased
Maintained
Reduced
Closed

40% more call options, than puts

Call options by funds: $4.27M | Put options by funds: $3.06M

0% more funds holding in top 10

Funds holding in top 10: 4 → 4 (0)

2.85% less ownership

Funds ownership: 82% → 79.15% (-2.9%)

8% less funds holding

Funds holding: 371 → 341 (-30)

21% less capital invested

Capital invested by funds: $4.96B → $3.93B (-$1.03B)

42% less first-time investments, than exits

New positions opened: 40 | Existing positions closed: 69

50% less repeat investments, than reductions

Existing positions increased: 88 | Existing positions reduced: 175

Holders
341
Holders Change
-30
Holders Change %
-8.09%
% of All Funds
7.6%
Holding in Top 10
4
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.09%
New
40
Increased
88
Reduced
175
Closed
69
Calls
$4.27M
Puts
$3.06M
Net Calls
+$1.21M
Net Calls Change
-$333K

Top Buyers

1
Victory Capital Management
Victory Capital Management
Texas
+$60.7M
2
CB
Cooke & Bieler
Pennsylvania
+$56.3M
3
Wellington Management Group
Wellington Management Group
Massachusetts
+$20.5M
4
PFC
Poplar Forest Capital
California
+$17.2M
5
Allianz Asset Management
Allianz Asset Management
Germany
+$15.8M

Top Sellers

1
VNIM
Vaughan Nelson Investment Management
Texas
-$53.2M
2
AIM
Artemis Investment Management
United Kingdom
-$35.7M
3
Goldman Sachs
Goldman Sachs
New York
-$30M
4
State Street
State Street
Massachusetts
-$22.9M
5
HCM
Hahn Capital Management
California
-$21M
Name Holding Trade Value Shares
Change 		Change in
Stake
BlackRock
1
BlackRock
New York
$479M -$4.91M -62,224 -0.9%
Vanguard Group
2
Vanguard Group
Pennsylvania
$460M +$9.37M +118,680 +2%
Victory Capital Management
3
Victory Capital Management
Texas
$285M +$60.7M +768,834 +24%
Wellington Management Group
4
Wellington Management Group
Massachusetts
$234M +$20.5M +260,142 +9%
Dimensional Fund Advisors
5
Dimensional Fund Advisors
Texas
$184M +$1.73M +21,911 +0.9%
State Street
6
State Street
Massachusetts
$152M -$22.9M -289,620 -12%
Acadian Asset Management
7
Acadian Asset Management
Massachusetts
$114M -$13.7M -173,637 -10%
LM
8
Luminus Management
Texas
$90.3M +$9.61M +121,698 +11%
CB
9
Cooke & Bieler
Pennsylvania
$85.8M +$56.3M +713,142 +145%
Geode Capital Management
10
Geode Capital Management
Massachusetts
$69M +$4.3M +54,486 +6%
LSV Asset Management
11
LSV Asset Management
Illinois
$66.8M -$2.78M -35,200 -4%
Bank of New York Mellon
12
Bank of New York Mellon
New York
$66.7M -$861K -10,903 -1%
RA
13
Royce & Associates
New York
$63.9M -$7.19M -91,119 -9%
AL
14
AJO LP
Pennsylvania
$59.3M -$12.8M -162,744 -16%
Lord, Abbett & Co
15
Lord, Abbett & Co
New Jersey
$58.6M -$3.1M -39,300 -5%
PFC
16
Poplar Forest Capital
California
$56.2M +$17.2M +218,217 +38%
Norges Bank
17
Norges Bank
Norway
$52.2M – – –
Prudential Financial
18
Prudential Financial
New Jersey
$47.1M -$10.6M -134,336 -17%
Allianz Asset Management
19
Allianz Asset Management
Germany
$47M +$15.8M +200,684 +44%
T. Rowe Price Associates
20
T. Rowe Price Associates
Maryland
$46.1M +$715K +9,057 +1%
AQR Capital Management
21
AQR Capital Management
Connecticut
$45.3M -$5.64M -71,406 -10%
Northern Trust
22
Northern Trust
Illinois
$41.1M -$1.19M -15,138 -3%
Franklin Resources
23
Franklin Resources
California
$37.1M +$63.1K +800 +0.2%
DY
24
Dowling & Yahnke
California
$36.8M – – –
EIP
25
Epoch Investment Partners
New York
$29.4M -$2.94M -37,216 -8%
1
2 3 4 5

RS Hedge Fund Activity: Q4 2018 in Review

341 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Reliance Steel & Aluminium (RS) for Q4 2018, worth a combined $3.93B — down 21% from $4.96B a quarter earlier.

Sellers outnumbered buyers: 69 funds closed out of RS and 40 opened new positions — a net loss of 29 holders — while 175 trimmed existing stakes and 88 added.

The largest buyer was Victory Capital Management, adding an estimated $60.7M. The largest seller was Vaughan Nelson Investment Management, exiting entirely with an estimated $53.2M sold.

  • 341 institutional investors held Reliance Steel & Aluminium (RS) as of Q4 2018, down from 371 in Q3 2018.
  • Funds reported $3.93B of Reliance Steel & Aluminium stock for Q4 2018, down 21% quarter-over-quarter.
  • 40 funds opened new Reliance Steel & Aluminium positions in Q4 2018 and 69 closed out, a net change of -29 holders.
  • The largest Reliance Steel & Aluminium buyer in Q4 2018 was Victory Capital Management, an estimated $60.7M added.
  • The largest Reliance Steel & Aluminium seller in Q4 2018 was Vaughan Nelson Investment Management, an estimated $53.2M sold.

Based on aggregated 13F filings for Q4 2018.