Steel Dynamics
STLD
687 hedge funds and large institutions have $14.5B invested in Steel Dynamics in 2023 Q3 according to their latest regulatory filings, with 62 funds opening new positions, 244 increasing their positions, 286 reducing their positions, and 73 closing their positions.
164% more call options, than puts
Call options by funds: $217M | Put options by funds: $82.1M
100% more funds holding in top 10
Funds holding in top 10: 3 → 6 (+3)
0.3% more ownership
Funds ownership: 81.05% → 81.35% (+0.3%)
3% less capital invested
Capital invested by funds: $14.9B → $14.5B (-$452M)
2% less funds holding
Funds holding: 704 → 687 (-17)
15% less repeat investments, than reductions
Existing positions increased: 244 | Existing positions reduced: 286
15% less first-time investments, than exits
New positions opened: 62 | Existing positions closed: 73
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
+$131M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$50.2M |
| 3 |
AssetMark Inc
Concord,
California
|
+$42.3M |
| 4 |
Goldman Sachs
New York
|
+$39.9M |
| 5 |
Norges Bank
Oslo,
Norway
|
+$34.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$148M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
-$72.1M |
| 3 |
BlackRock
New York
|
-$66.6M |
| 4 |
State Street
Boston,
Massachusetts
|
-$44.4M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$41.3M |
STLD Hedge Fund Activity: Q3 2023 in Review
687 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Steel Dynamics (STLD) for Q3 2023, worth a combined $14.5B — down 3% from $14.9B a quarter earlier.
Sellers outnumbered buyers: 73 funds closed out of STLD and 62 opened new positions — a net loss of 11 holders — while 286 trimmed existing stakes and 244 added.
The largest buyer was Ameriprise, adding an estimated $131M. The largest seller was Fidelity Investments, cutting an estimated $148M.
- 687 institutional investors held Steel Dynamics (STLD) as of Q3 2023, down from 704 in Q2 2023.
- Funds reported $14.5B of Steel Dynamics stock for Q3 2023, down 3% quarter-over-quarter.
- 62 funds opened new Steel Dynamics positions in Q3 2023 and 73 closed out, a net change of -11 holders.
- The largest Steel Dynamics buyer in Q3 2023 was Ameriprise, an estimated $131M added.
- The largest Steel Dynamics seller in Q3 2023 was Fidelity Investments, an estimated $148M sold.
Based on aggregated 13F filings for Q3 2023.