Steel Dynamics
STLD
1,020 hedge funds and large institutions have $27.3B invested in Steel Dynamics in 2026 Q2 according to their latest regulatory filings, with 154 funds opening new positions, 346 increasing their positions, 372 reducing their positions, and 64 closing their positions.
141% more first-time investments, than exits
New positions opened: 154 | Existing positions closed: 64
35% more call options, than puts
Call options by funds: $291M | Put options by funds: $215M
29% more capital invested
Capital invested by funds: $21.2B → $27.3B (+$6.14B)
9% more funds holding
Funds holding: 938 → 1,020 (+82)
0.97% more ownership
Funds ownership: 81.31% → 82.28% (+0.97%)
7% less repeat investments, than reductions
Existing positions increased: 346 | Existing positions reduced: 372
29% less funds holding in top 10
Funds holding in top 10: 7 → 5 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$775M |
| 2 |
Acadian Asset Management
Boston,
Massachusetts
|
+$97.1M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$69.1M |
| 4 |
Nuveen
Charlotte,
North Carolina
|
+$54.3M |
| 5 |
CAPTRUST Financial Advisors
Raleigh,
North Carolina
|
+$53.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Holocene Advisors
New York
|
-$150M |
| 2 |
Victory Capital Management
San Antonio,
Texas
|
-$141M |
| 3 |
HSBC Holdings
London,
United Kingdom
|
-$99.3M |
| 4 |
LCIP
Life Cycle Investment Partners
London,
|
-$93.1M |
| 5 |
LSV Asset Management
Chicago,
Illinois
|
-$90.7M |
STLD Hedge Fund Activity: Q2 2026 in Review
1,020 of the 8,305 institutional investors tracked by Wall St. Rank reported a position in Steel Dynamics (STLD) for Q2 2026, worth a combined $27.3B — up 29% from $21.2B a quarter earlier.
Buyers outnumbered sellers: 154 funds opened new STLD positions and 64 closed out — a net gain of 90 holders — while 346 added to existing stakes and 372 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $775M. The largest seller was Holocene Advisors, cutting an estimated $150M.
- 1,020 institutional investors held Steel Dynamics (STLD) as of Q2 2026, up from 938 in Q1 2026.
- Funds reported $27.3B of Steel Dynamics stock for Q2 2026, up 29% quarter-over-quarter.
- 154 funds opened new Steel Dynamics positions in Q2 2026 and 64 closed out, a net change of +90 holders.
- The largest Steel Dynamics buyer in Q2 2026 was Fidelity Investments, an estimated $775M added.
- The largest Steel Dynamics seller in Q2 2026 was Holocene Advisors, an estimated $150M sold.
Based on aggregated 13F filings for Q2 2026.