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Steel Dynamics
STLD

285 hedge funds and large institutions have $4.23B invested in Steel Dynamics in 2014 Q3 according to their latest regulatory filings, with 54 funds opening new positions, 106 increasing their positions, 88 reducing their positions, and 35 closing their positions.

New
Increased
Maintained
Reduced
Closed

845% more call options, than puts

Call options by funds: $132M | Put options by funds: $14M

54% more first-time investments, than exits

New positions opened: 54 | Existing positions closed: 35

35% more capital invested

Capital invested by funds: $3.12B → $4.23B (+$1.11B)

20% more repeat investments, than reductions

Existing positions increased: 106 | Existing positions reduced: 88

6% more funds holding

Funds holding: 268 → 285 (+17)

67% less funds holding in top 10

Funds holding in top 10: 3 → 1 (-2)

Holders
285
Holders Change
+17
Holders Change %
+6.34%
% of All Funds
8.27%
Holding in Top 10
1
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-66.67%
% of All Funds
0.03%
New
54
Increased
106
Reduced
88
Closed
35
Calls
$132M
Puts
$14M
Net Calls
+$118M
Net Calls Change
+$98.6M

Top Buyers

1
Fidelity Investments
Fidelity Investments
Massachusetts
+$294M
2
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$112M
3
Goldman Sachs
Goldman Sachs
New York
+$87.3M
4
Vanguard Group
Vanguard Group
Pennsylvania
+$34.3M
5
Prudential Financial
Prudential Financial
New Jersey
+$30.4M

Top Sellers

1
Norges Bank
Norges Bank
Norway
-$72.1M
2
DRZID
DePrince Race & Zollo Inc (DRZ)
Florida
-$52M
3
Allianz Asset Management
Allianz Asset Management
Germany
-$49.5M
4
MAM
Marketfield Asset Management
New York
-$46.1M
5
AIM
abrdn Investment Management
United Kingdom
-$33.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
Thrivent Financial for Lutherans
26
Thrivent Financial for Lutherans
Minnesota
$44M +$1.9M +87,000 +5%
RIM
27
RS Investment Management
California
$43.8M +$5.57M +254,860 +15%
BA
28
BlackRock Advisors
Delaware
$43.3M -$1.26M -57,521 -3%
Prudential Financial
29
Prudential Financial
New Jersey
$43.2M +$30.4M +1,390,461 +268%
AQR Capital Management
30
AQR Capital Management
Connecticut
$42.6M -$13.2M -602,121 -24%
Citadel Advisors
31
Citadel Advisors
Florida
$39.7M +$4.23M +193,598 +12%
Morgan Stanley
32
Morgan Stanley
New York
$36.7M +$12.7M +578,922 +56%
TCIM
33
TIAA CREF Investment Management
New York
$36.3M +$21.9M +999,269 +165%
Charles Schwab
34
Charles Schwab
California
$33.6M -$13M -592,569 -28%
Neuberger Berman Group
35
Neuberger Berman Group
New York
$32.1M +$6.41M +293,027 +26%
ABC
36
Anchor Bolt Capital
Illinois
$31.2M +$9.02M +412,579 +43%
Balyasny Asset Management
37
Balyasny Asset Management
Illinois
$31M +$9.6M +439,138 +47%
Geode Capital Management
38
Geode Capital Management
Massachusetts
$30.4M +$3M +137,017 +11%
California Public Employees Retirement System
39
California Public Employees Retirement System
California
$26.9M +$599K +27,400 +2%
RIM
40
Rainier Investment Management
Washington
$26.1M +$25.3M +1,155,810 New
Deutsche Bank
41
Deutsche Bank
Germany
$23.9M +$13.9M +635,333 +151%
O
42
OppenheimerFunds
New York
$21.8M +$8.7M +397,920 +70%
First Trust Advisors
43
First Trust Advisors
Illinois
$21.6M -$4.16M -190,416 -17%
BIM
44
BlackRock Investment Management
Delaware
$20.9M +$884K +40,404 +5%
SO
45
STRS Ohio
Ohio
$18.1M -$2.19M -100,000 -11%
New York State Common Retirement Fund
46
New York State Common Retirement Fund
New York
$17M +$2.99M +136,700 +22%
Two Sigma Advisers
47
Two Sigma Advisers
New York
$15.1M +$5.34M +244,200 +58%
Principal Financial Group
48
Principal Financial Group
Iowa
$14.8M +$1.29M +59,027 +10%
SAM
49
Scopus Asset Management
New York
$14.7M +$1.09M +50,000 +8%
Bank of America
50
Bank of America
North Carolina
$13.9M +$5.68M +259,541 +73%
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STLD Hedge Fund Activity: Q3 2014 in Review

285 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Steel Dynamics (STLD) for Q3 2014, worth a combined $4.23B — up 35% from $3.12B a quarter earlier.

Buyers outnumbered sellers: 54 funds opened new STLD positions and 35 closed out — a net gain of 19 holders — while 106 added to existing stakes and 88 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $294M. The largest seller was Norges Bank, cutting an estimated $72.1M.

  • 285 institutional investors held Steel Dynamics (STLD) as of Q3 2014, up from 268 in Q2 2014.
  • Funds reported $4.23B of Steel Dynamics stock for Q3 2014, up 35% quarter-over-quarter.
  • 54 funds opened new Steel Dynamics positions in Q3 2014 and 35 closed out, a net change of +19 holders.
  • The largest Steel Dynamics buyer in Q3 2014 was Fidelity Investments, an estimated $294M added.
  • The largest Steel Dynamics seller in Q3 2014 was Norges Bank, an estimated $72.1M sold.

Based on aggregated 13F filings for Q3 2014.