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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
NVCHI
576
New Vernon Capital Holdings II
New Jersey
$146K -$165K -1,621 -55%
HCA
577
Harbor Capital Advisors
Illinois
$145K +$19.9K +196 +17%
O
578
Ossiam
France
$142K +$65.5K +644 +98%
UM
579
UniSuper Management
Australia
$142K +$132K +1,300 New
CWP
580
Concord Wealth Partners
Virginia
$141K +$75.2K +739 +133%
PAI
581
Pittenger & Anderson Inc
Nebraska
$139K
SIM
582
Sentry Investment Management
Wisconsin
$119K
NA
583
NewEdge Advisors
Louisiana
$116K -$1.13M -11,060 -91%
CFGS
584
Concourse Financial Group Securities
Alabama
$116K -$21.4K -210 -16%
BFEC
585
Benjamin F. Edwards & Company
Missouri
$115K +$1.53K +15 +1%
DWA
586
Delos Wealth Advisors
Texas
$114K -$716K -7,041 -87%
PCM
587
Penserra Capital Management
California
$113K +$105K +1,036 +10,360%
EWA
588
EverSource Wealth Advisors
Alabama
$107K -$5.9K -58 -6%
CFB
589
Cullen/Frost Bankers
Texas
$103K -$24.8K -244 -20%
VSQM
590
V-Square Quantitative Management
Illinois
$103K +$96.4K +947 New
AS
591
Altshuler Shaham
Israel
$96.5K +$7.94K +78 +10%
IUHSA
592
Itau Unibanco Holding S.A.
Brazil
$95.3K -$19.3K -190 -18%
FFA
593
Farther Finance Advisors
California
$91.9K +$509 +5 +0.6%
MAM
594
Meeder Asset Management
Ohio
$91.3K -$324K -3,182 -79%
PFBT
595
Parkside Financial Bank & Trust
Missouri
$88.6K +$2.95K +29 +4%
HNB
596
Huntington National Bank
Ohio
$78K +$4.88K +48 +7%
RBC
597
Roble Belko & Company
Pennsylvania
$77K -$18.5K -182 -21%
PA
598
Parallel Advisors
California
$73.6K -$4.68K -46 -6%
ST
599
Smithfield Trust
Pennsylvania
$73K
MCM
600
MV Capital Management
Maryland
$67K +$41.2K +405 +193%

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.