Steel Dynamics
STLD
780 hedge funds and large institutions have $19.2B invested in Steel Dynamics in 2024 Q1 according to their latest regulatory filings, with 105 funds opening new positions, 287 increasing their positions, 277 reducing their positions, and 82 closing their positions.
60% more funds holding in top 10
Funds holding in top 10: 5 → 8 (+3)
39% more call options, than puts
Call options by funds: $255M | Put options by funds: $183M
28% more first-time investments, than exits
New positions opened: 105 | Existing positions closed: 82
21% more capital invested
Capital invested by funds: $15.8B → $19.2B (+$3.38B)
2% more funds holding
Funds holding: 766 → 780 (+14)
4% more repeat investments, than reductions
Existing positions increased: 287 | Existing positions reduced: 277
0.66% less ownership
Funds ownership: 82.67% → 82.01% (-0.66%)
Top Buyers
| 1 |
Holocene Advisors
New York
|
+$157M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$86.8M |
| 3 |
Norges Bank
Oslo,
Norway
|
+$68M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$54M |
| 5 |
JP Morgan Chase
New York
|
+$34.8M |
Top Sellers
| 1 |
Morgan Stanley
New York
|
-$329M |
| 2 |
Millennium Management
New York
|
-$94.2M |
| 3 |
BlackRock
New York
|
-$76.2M |
| 4 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
-$60.2M |
| 5 |
State Street
Boston,
Massachusetts
|
-$47.9M |
STLD Hedge Fund Activity: Q1 2024 in Review
780 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Steel Dynamics (STLD) for Q1 2024, worth a combined $19.2B — up 21% from $15.8B a quarter earlier.
Buyers outnumbered sellers: 105 funds opened new STLD positions and 82 closed out — a net gain of 23 holders — while 287 added to existing stakes and 277 trimmed.
The largest buyer was Holocene Advisors, adding an estimated $157M. The largest seller was Morgan Stanley, cutting an estimated $329M.
- 780 institutional investors held Steel Dynamics (STLD) as of Q1 2024, up from 766 in Q4 2023.
- Funds reported $19.2B of Steel Dynamics stock for Q1 2024, up 21% quarter-over-quarter.
- 105 funds opened new Steel Dynamics positions in Q1 2024 and 82 closed out, a net change of +23 holders.
- The largest Steel Dynamics buyer in Q1 2024 was Holocene Advisors, an estimated $157M added.
- The largest Steel Dynamics seller in Q1 2024 was Morgan Stanley, an estimated $329M sold.
Based on aggregated 13F filings for Q1 2024.