Steel Dynamics
STLD
766 hedge funds and large institutions have $15.8B invested in Steel Dynamics in 2023 Q4 according to their latest regulatory filings, with 136 funds opening new positions, 236 increasing their positions, 297 reducing their positions, and 47 closing their positions.
189% more first-time investments, than exits
New positions opened: 136 | Existing positions closed: 47
136% more call options, than puts
Call options by funds: $246M | Put options by funds: $104M
11% more funds holding
Funds holding: 687 → 766 (+79)
9% more capital invested
Capital invested by funds: $14.5B → $15.8B (+$1.33B)
1.32% more ownership
Funds ownership: 81.35% → 82.67% (+1.3%)
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
21% less repeat investments, than reductions
Existing positions increased: 236 | Existing positions reduced: 297
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$265M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$127M |
| 3 |
Norges Bank
Oslo,
Norway
|
+$72.8M |
| 4 |
Millennium Management
New York
|
+$39.5M |
| 5 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$28.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$161M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
-$87M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$81.2M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
-$69.4M |
| 5 |
Pacer Advisors
Malvern,
Pennsylvania
|
-$49.8M |
STLD Hedge Fund Activity: Q4 2023 in Review
766 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Steel Dynamics (STLD) for Q4 2023, worth a combined $15.8B — up 9.2% from $14.5B a quarter earlier.
Buyers outnumbered sellers: 136 funds opened new STLD positions and 47 closed out — a net gain of 89 holders — while 236 added to existing stakes and 297 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $265M. The largest seller was BlackRock, cutting an estimated $161M.
- 766 institutional investors held Steel Dynamics (STLD) as of Q4 2023, up from 687 in Q3 2023.
- Funds reported $15.8B of Steel Dynamics stock for Q4 2023, up 9.2% quarter-over-quarter.
- 136 funds opened new Steel Dynamics positions in Q4 2023 and 47 closed out, a net change of +89 holders.
- The largest Steel Dynamics buyer in Q4 2023 was Morgan Stanley, an estimated $265M added.
- The largest Steel Dynamics seller in Q4 2023 was BlackRock, an estimated $161M sold.
Based on aggregated 13F filings for Q4 2023.