Reliance Steel & Aluminium
531 hedge funds and large institutions have $12.3B invested in Reliance Steel & Aluminium in 2023 Q3 according to their latest regulatory filings, with 47 funds opening new positions, 188 increasing their positions, 215 reducing their positions, and 38 closing their positions.
24% more first-time investments, than exits
New positions opened: 47 | Existing positions closed: 38
20% more call options, than puts
Call options by funds: $42.4M | Put options by funds: $35.3M
1% more funds holding
Funds holding: 524 → 531 (+7)
1.69% less ownership
Funds ownership: 81.41% → 79.72% (-1.7%)
6% less capital invested
Capital invested by funds: $13B → $12.3B (-$741M)
13% less repeat investments, than reductions
Existing positions increased: 188 | Existing positions reduced: 215
33% less funds holding in top 10
Funds holding in top 10: 6 → 4 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$52.5M |
| 2 |
Balyasny Asset Management
Chicago,
Illinois
|
+$31.8M |
| 3 |
UBS AM
Chicago,
Illinois
|
+$31.4M |
| 4 |
Norges Bank
Oslo,
Norway
|
+$28.3M |
| 5 |
Renaissance Technologies
New York
|
+$27.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
-$65.8M |
| 2 |
Dimensional Fund Advisors
Austin,
Texas
|
-$65.6M |
| 3 |
BlackRock
New York
|
-$57M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$52.6M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$43.5M |
RS Hedge Fund Activity: Q3 2023 in Review
531 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in Reliance Steel & Aluminium (RS) for Q3 2023, worth a combined $12.3B — down 5.7% from $13B a quarter earlier.
Buyers outnumbered sellers: 47 funds opened new RS positions and 38 closed out — a net gain of 9 holders — while 188 added to existing stakes and 215 trimmed.
The largest buyer was Invesco, adding an estimated $52.5M. The largest seller was Victory Capital Management, cutting an estimated $65.8M.
- 531 institutional investors held Reliance Steel & Aluminium (RS) as of Q3 2023, up from 524 in Q2 2023.
- Funds reported $12.3B of Reliance Steel & Aluminium stock for Q3 2023, down 5.7% quarter-over-quarter.
- 47 funds opened new Reliance Steel & Aluminium positions in Q3 2023 and 38 closed out, a net change of +9 holders.
- The largest Reliance Steel & Aluminium buyer in Q3 2023 was Invesco, an estimated $52.5M added.
- The largest Reliance Steel & Aluminium seller in Q3 2023 was Victory Capital Management, an estimated $65.8M sold.
Based on aggregated 13F filings for Q3 2023.