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Steel Dynamics

704 hedge funds and large institutions have $14.9B invested in Steel Dynamics in 2023 Q2 according to their latest regulatory filings, with 77 funds opening new positions, 239 increasing their positions, 302 reducing their positions, and 88 closing their positions.

New
Increased
Maintained
Reduced
Closed

121% more call options, than puts

Call options by funds: $223M | Put options by funds: $101M

2% less funds holding

Funds holding: 719704 (-15)

3.08% less ownership

Funds ownership: 84.13%81.05% (-3.1%)

7% less capital invested

Capital invested by funds: $16B → $14.9B (-$1.05B)

13% less first-time investments, than exits

New positions opened: 77 | Existing positions closed: 88

21% less repeat investments, than reductions

Existing positions increased: 239 | Existing positions reduced: 302

40% less funds holding in top 10

Funds holding in top 10: 53 (-2)

Holders
704
Holders Change
-15
Holders Change %
-2.09%
% of All Funds
11.05%
Holding in Top 10
3
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-40%
% of All Funds
0.05%
New
77
Increased
239
Reduced
302
Closed
88
Calls
$223M
Puts
$101M
Net Calls
+$122M
Net Calls Change
+$60.4M
Name Holding Trade Value Shares
Change
Change in
Stake
EF
401
Empirical Finance
Pennsylvania
$720K -$451K -4,437 -40%
UFF
402
USA Financial Formulas
Michigan
$710K -$146K -1,439 -18%
OCBCO
403
Oversea-Chinese Banking Corp (OCBC)
Singapore
$705K +$186K +1,831 +39%
KWM
404
Kingsview Wealth Management
Oregon
$699K -$1.7M -16,677 -72%
MWPCG
405
Measured Wealth Private Client Group
New Hampshire
$694K +$319K +3,140 +97%
MFS
406
Mirabella Financial Services
United Kingdom
$689K +$644K +6,326 New
FCFC
407
First Citizens Financial Corp
Iowa
$675K +$631K +6,200 New
AWM
408
Apollon Wealth Management
South Carolina
$670K -$197K -1,935 -24%
CB
409
Commerce Bank
Missouri
$667K +$11.1K +109 +2%
OQS
410
Occudo Quantitative Strategies
Florida
$664K +$620K +6,093 New
TWM
411
TriaGen Wealth Management
California
$658K -$356K -3,502 -37%
FIM
412
Freedom Investment Management
Connecticut
$646K -$75.5K -742 -11%
KAS
413
Kestra Advisory Services
Texas
$630K +$114K +1,121 +24%
KRSITF
414
Kentucky Retirement Systems Insurance Trust Fund
Kentucky
$628K -$17.4K -171 -3%
SBIA
415
Sheaff Brock Investment Advisors
Indiana
$626K -$13.2K -130 -2%
Nomura Holdings
416
Nomura Holdings
Japan
$623K +$581K +5,715 New
QC
417
Quantedge Capital
Singapore
$621K -$2.25M -22,100 -79%
PHAM
418
Palisades Hudson Asset Management
Florida
$615K -$20.3K -200 -3%
BPA
419
Beacon Pointe Advisors
California
$612K -$190K -1,866 -25%
TCM
420
Tandem Capital Management
New Jersey
$612K +$7.12K +70 +1%
QCM
421
Qsemble Capital Management
New York
$610K +$570K +5,600 New
API
422
Advisor Partners II
California
$605K +$36.2K +356 +7%
DFCM
423
Dark Forest Capital Management
Puerto Rico
$589K +$135K +1,322 +32%
WCA
424
Westover Capital Advisors
Delaware
$586K -$136K -1,332 -20%
VCA
425
Verdence Capital Advisors
Maryland
$583K +$330K +3,241 +154%

STLD Hedge Fund Activity: Q2 2023 in Review

704 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Steel Dynamics (STLD) for Q2 2023, worth a combined $14.9B — down 6.6% from $16B a quarter earlier.

Sellers outnumbered buyers: 88 funds closed out of STLD and 77 opened new positions — a net loss of 11 holders — while 302 trimmed existing stakes and 239 added.

The largest buyer was Pacer Advisors, adding an estimated $62.5M. The largest seller was Capital World Investors, exiting entirely with an estimated $314M sold.

  • 704 institutional investors held Steel Dynamics (STLD) as of Q2 2023, down from 719 in Q1 2023.
  • Funds reported $14.9B of Steel Dynamics stock for Q2 2023, down 6.6% quarter-over-quarter.
  • 77 funds opened new Steel Dynamics positions in Q2 2023 and 88 closed out, a net change of -11 holders.
  • The largest Steel Dynamics buyer in Q2 2023 was Pacer Advisors, an estimated $62.5M added.
  • The largest Steel Dynamics seller in Q2 2023 was Capital World Investors, an estimated $314M sold.

Based on aggregated 13F filings for Q2 2023.