Steel Dynamics
STLD
413 hedge funds and large institutions have $4.08B invested in Steel Dynamics in 2020 Q1 according to their latest regulatory filings, with 55 funds opening new positions, 132 increasing their positions, 162 reducing their positions, and 95 closing their positions.
2.88% more ownership
Funds ownership: 82.35% → 85.23% (+2.9%)
10% less funds holding
Funds holding: 459 → 413 (-46)
19% less repeat investments, than reductions
Existing positions increased: 132 | Existing positions reduced: 162
32% less capital invested
Capital invested by funds: $6.04B → $4.08B (-$1.96B)
42% less first-time investments, than exits
New positions opened: 55 | Existing positions closed: 95
57% less call options, than puts
Call options by funds: $18.9M | Put options by funds: $44.4M
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
+$278M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
+$28.7M |
| 3 |
HCM
Hamlin Capital Management
New York
|
+$23.7M |
| 4 |
BGIM
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
|
+$17.7M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$12.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
-$44.9M |
| 2 |
Capital Research Global Investors
Los Angeles,
California
|
-$37.9M |
| 3 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
-$31.7M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$30.8M |
| 5 |
SAM
Scopus Asset Management
New York
|
-$28.9M |
STLD Hedge Fund Activity: Q1 2020 in Review
413 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Steel Dynamics (STLD) for Q1 2020, worth a combined $4.08B — down 32% from $6.04B a quarter earlier.
Sellers outnumbered buyers: 95 funds closed out of STLD and 55 opened new positions — a net loss of 40 holders — while 162 trimmed existing stakes and 132 added.
The largest buyer was Victory Capital Management, adding an estimated $278M. The largest seller was Eaton Vance Management, cutting an estimated $44.9M.
- 413 institutional investors held Steel Dynamics (STLD) as of Q1 2020, down from 459 in Q4 2019.
- Funds reported $4.08B of Steel Dynamics stock for Q1 2020, down 32% quarter-over-quarter.
- 55 funds opened new Steel Dynamics positions in Q1 2020 and 95 closed out, a net change of -40 holders.
- The largest Steel Dynamics buyer in Q1 2020 was Victory Capital Management, an estimated $278M added.
- The largest Steel Dynamics seller in Q1 2020 was Eaton Vance Management, an estimated $44.9M sold.
Based on aggregated 13F filings for Q1 2020.