Steel Dynamics
STLD
359 hedge funds and large institutions have $4.96B invested in Steel Dynamics in 2016 Q3 according to their latest regulatory filings, with 31 funds opening new positions, 133 increasing their positions, 146 reducing their positions, and 44 closing their positions.
244% more call options, than puts
Call options by funds: $128M | Put options by funds: $37.3M
2% less capital invested
Capital invested by funds: $5.05B → $4.96B (-$88.8M)
9% less repeat investments, than reductions
Existing positions increased: 133 | Existing positions reduced: 146
4% less funds holding
Funds holding: 375 → 359 (-16)
30% less first-time investments, than exits
New positions opened: 31 | Existing positions closed: 44
40% less funds holding in top 10
Funds holding in top 10: 5 → 3 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Highline Capital Management
New York
|
+$72M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$69.1M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$35.9M |
| 4 |
LM
Luminus Management
Houston,
Texas
|
+$26.3M |
| 5 |
Millennium Management
New York
|
+$25M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CLM
ClearBridge LLC (Maryland)
Baltimore,
Maryland
|
-$74.1M |
| 2 |
Morgan Stanley
New York
|
-$58.6M |
| 3 |
Two Sigma Investments
New York
|
-$44.9M |
| 4 |
FIM
Foresters Investment Management
New York
|
-$44.5M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$37.8M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ASN
401
Advisory Services Network
Atlanta,
Georgia
| – | -$7K | -277 | Closed |
|
402
First Manhattan
New York
| – | -$2K | -121 | Closed |
|
|
TDC
403
Thompson Davis & Co
Richmond,
Virginia
| – | -$3K | -113 | Closed |
|
STLD Hedge Fund Activity: Q3 2016 in Review
359 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Steel Dynamics (STLD) for Q3 2016, worth a combined $4.96B — down 1.8% from $5.05B a quarter earlier.
Sellers outnumbered buyers: 44 funds closed out of STLD and 31 opened new positions — a net loss of 13 holders — while 146 trimmed existing stakes and 133 added.
The largest buyer was Highline Capital Management, opening a new position worth an estimated $72M. The largest seller was ClearBridge LLC (Maryland), cutting an estimated $74.1M.
- 359 institutional investors held Steel Dynamics (STLD) as of Q3 2016, down from 375 in Q2 2016.
- Funds reported $4.96B of Steel Dynamics stock for Q3 2016, down 1.8% quarter-over-quarter.
- 31 funds opened new Steel Dynamics positions in Q3 2016 and 44 closed out, a net change of -13 holders.
- The largest Steel Dynamics buyer in Q3 2016 was Highline Capital Management, an estimated $72M added.
- The largest Steel Dynamics seller in Q3 2016 was ClearBridge LLC (Maryland), an estimated $74.1M sold.
Based on aggregated 13F filings for Q3 2016.