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Steel Dynamics
STLD

766 hedge funds and large institutions have $15.8B invested in Steel Dynamics in 2023 Q4 according to their latest regulatory filings, with 136 funds opening new positions, 236 increasing their positions, 297 reducing their positions, and 47 closing their positions.

New
Increased
Maintained
Reduced
Closed

189% more first-time investments, than exits

New positions opened: 136 | Existing positions closed: 47

136% more call options, than puts

Call options by funds: $246M | Put options by funds: $104M

11% more funds holding

Funds holding: 687 → 766 (+79)

9% more capital invested

Capital invested by funds: $14.5B → $15.8B (+$1.33B)

1.32% more ownership

Funds ownership: 81.35% → 82.67% (+1.3%)

17% less funds holding in top 10

Funds holding in top 10: 6 → 5 (-1)

21% less repeat investments, than reductions

Existing positions increased: 236 | Existing positions reduced: 297

Holders
766
Holders Change
+79
Holders Change %
+11.5%
% of All Funds
11.17%
Holding in Top 10
5
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-16.67%
% of All Funds
0.07%
New
136
Increased
236
Reduced
297
Closed
47
Calls
$246M
Puts
$104M
Net Calls
+$142M
Net Calls Change
+$7.77M

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$265M
2
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$127M
3
Norges Bank
Norges Bank
Norway
+$72.8M
4
Millennium Management
Millennium Management
New York
+$39.5M
5
Qube Research & Technologies (QRT)
Qube Research & Technologies (QRT)
United Kingdom
+$28.1M

Top Sellers

1
BlackRock
BlackRock
New York
-$161M
2
AQR Capital Management
AQR Capital Management
Connecticut
-$87M
3
Invesco
Invesco
Georgia
-$81.2M
4
Vanguard Group
Vanguard Group
Pennsylvania
-$69.4M
5
Pacer Advisors
Pacer Advisors
Pennsylvania
-$49.8M
Name Holding Trade Value Shares
Change 		Change in
Stake
MCM
226
Monarch Capital Management
Indiana
$3.83M -$198K -1,780 -5%
Nisa Investment Advisors
227
Nisa Investment Advisors
Missouri
$3.8M +$91.1K +817 +3%
OIAM
228
OFI Invest Asset Management
France
$3.79M +$3.57M +32,050 New
OTPPB
229
Ontario Teachers' Pension Plan Board
Ontario, Canada
$3.78M -$1.29M -11,565 -27%
SCM
230
Shelton Capital Management
Colorado
$3.77M -$1.31M -11,799 -27%
ACM
231
Aquatic Capital Management
Illinois
$3.76M +$3.54M +31,800 New
Twin Tree Management
232
Twin Tree Management
Texas
$3.74M +$448K +4,020 +15%
TPSF
233
Texas Permanent School Fund
Texas
$3.71M -$85.5K -767 -2%
YIH
234
Y-Intercept (HK)
Hong Kong
$3.68M +$1.91M +17,139 +122%
II
235
IFM Investors
Australia
$3.67M – – –
FAN
236
Financial Advisors Network
California
$3.62M +$114K +1,022 +3%
GKWIM
237
Gerber Kawasaki Wealth & Investment Management
California
$3.58M -$179K -1,607 -5%
ProShare Advisors
238
ProShare Advisors
Maryland
$3.56M -$911K -8,177 -21%
CSS
239
Cubist Systematic Strategies
Connecticut
$3.55M +$3.35M +30,065 New
GAM
240
Gotham Asset Management
New York
$3.54M -$3.97M -35,616 -54%
TI
241
Tidal Investments
Wisconsin
$3.47M -$396K -3,553 -11%
Handelsbanken Fonder
242
Handelsbanken Fonder
Sweden
$3.45M -$22.3K -200 -0.7%
Wealth Enhancement Advisory Services
243
Wealth Enhancement Advisory Services
Minnesota
$3.44M +$694K +6,229 +27%
II
244
Inspire Investing
Idaho
$3.43M +$1.34M +11,989 +70%
EI
245
Ethic Inc
New York
$3.4M +$488K +4,375 +18%
PWM
246
PBMares Wealth Management
Virginia
$3.39M -$2.02M -18,140 -39%
PI
247
Putnam Investments
Massachusetts
$3.38M -$87.6K -786 -3%
Aviva
248
Aviva
United Kingdom
$3.38M +$86.7K +778 +3%
Mercer Global Advisors
249
Mercer Global Advisors
Colorado
$3.31M +$178K +1,593 +6%
ASN
250
Advisory Services Network
Georgia
$3.26M +$621K +5,569 +25%
8 9
10
11 12

STLD Hedge Fund Activity: Q4 2023 in Review

766 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Steel Dynamics (STLD) for Q4 2023, worth a combined $15.8B — up 9.2% from $14.5B a quarter earlier.

Buyers outnumbered sellers: 136 funds opened new STLD positions and 47 closed out — a net gain of 89 holders — while 236 added to existing stakes and 297 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $265M. The largest seller was BlackRock, cutting an estimated $161M.

  • 766 institutional investors held Steel Dynamics (STLD) as of Q4 2023, up from 687 in Q3 2023.
  • Funds reported $15.8B of Steel Dynamics stock for Q4 2023, up 9.2% quarter-over-quarter.
  • 136 funds opened new Steel Dynamics positions in Q4 2023 and 47 closed out, a net change of +89 holders.
  • The largest Steel Dynamics buyer in Q4 2023 was Morgan Stanley, an estimated $265M added.
  • The largest Steel Dynamics seller in Q4 2023 was BlackRock, an estimated $161M sold.

Based on aggregated 13F filings for Q4 2023.