Reliance Steel & Aluminium
577 hedge funds and large institutions have $12.9B invested in Reliance Steel & Aluminium in 2024 Q2 according to their latest regulatory filings, with 59 funds opening new positions, 210 increasing their positions, 230 reducing their positions, and 81 closing their positions.
77% more call options, than puts
Call options by funds: $40M | Put options by funds: $22.6M
9% less repeat investments, than reductions
Existing positions increased: 210 | Existing positions reduced: 230
1.05% less ownership
Funds ownership: 79.42% → 78.36% (-1.1%)
5% less funds holding
Funds holding: 610 → 577 (-33)
16% less capital invested
Capital invested by funds: $15.2B → $12.9B (-$2.36B)
27% less first-time investments, than exits
New positions opened: 59 | Existing positions closed: 81
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$340M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$58.6M |
| 3 |
First Trust Advisors
Wheaton,
Illinois
|
+$52.9M |
| 4 |
Jane Street
New York
|
+$44.3M |
| 5 |
HSBC Holdings
London,
United Kingdom
|
+$38.4M |
Top Sellers
| 1 |
Pacer Advisors
Malvern,
Pennsylvania
|
-$161M |
| 2 |
LSV Asset Management
Chicago,
Illinois
|
-$81.8M |
| 3 |
Mirae Asset Global Investments
Seoul,
South Korea
|
-$77.4M |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
-$66.9M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$57.2M |
RS Hedge Fund Activity: Q2 2024 in Review
577 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Reliance Steel & Aluminium (RS) for Q2 2024, worth a combined $12.9B — down 16% from $15.2B a quarter earlier.
Sellers outnumbered buyers: 81 funds closed out of RS and 59 opened new positions — a net loss of 22 holders — while 230 trimmed existing stakes and 210 added.
The largest buyer was T. Rowe Price Associates, adding an estimated $340M. The largest seller was Pacer Advisors, cutting an estimated $161M.
- 577 institutional investors held Reliance Steel & Aluminium (RS) as of Q2 2024, down from 610 in Q1 2024.
- Funds reported $12.9B of Reliance Steel & Aluminium stock for Q2 2024, down 16% quarter-over-quarter.
- 59 funds opened new Reliance Steel & Aluminium positions in Q2 2024 and 81 closed out, a net change of -22 holders.
- The largest Reliance Steel & Aluminium buyer in Q2 2024 was T. Rowe Price Associates, an estimated $340M added.
- The largest Reliance Steel & Aluminium seller in Q2 2024 was Pacer Advisors, an estimated $161M sold.
Based on aggregated 13F filings for Q2 2024.