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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.

New
Increased
Maintained
Reduced
Closed

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

Holders
766
Holders Change
+79
Holders Change %
+11.5%
% of All Funds
11.17%
Holding in Top 10
5
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-16.67%
% of All Funds
0.07%
New
136
Increased
236
Reduced
297
Closed
47
Calls
$246M
Puts
$104M
Net Calls
+$142M
Net Calls Change
+$7.77M

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$265M
2
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$127M
3
Norges Bank
Norges Bank
Norway
+$72.8M
4
Millennium Management
Millennium Management
New York
+$39.5M
5
Qube Research & Technologies (QRT)
Qube Research & Technologies (QRT)
United Kingdom
+$28.1M

Top Sellers

1
BlackRock
BlackRock
New York
-$161M
2
AQR Capital Management
AQR Capital Management
Connecticut
-$87M
3
Invesco
Invesco
Georgia
-$81.2M
4
Vanguard Group
Vanguard Group
Pennsylvania
-$69.4M
5
Pacer Advisors
Pacer Advisors
Pennsylvania
-$49.8M
Name Holding Trade Value Shares
Change 		Change in
Stake
PA
626
Parallel Advisors
California
$105K +$14.9K +134 +18%
SIM
627
Sentry Investment Management
Wisconsin
$94K -$9.47K -85 -10%
SOW
628
State of Wyoming
Wyoming
$90.5K -$69.1K -620 -45%
WTG
629
West Tower Group
Virginia
$89.8K +$84.7K +760 New
RBC
630
Roble Belko & Company
Pennsylvania
$84K +$334 +3 +0.4%
PCM
631
Penserra Capital Management
California
$82K -$19.2K -172 -20%
ST
632
Smithfield Trust
Pennsylvania
$79K – – –
LSA
633
Leonteq Securities AG
Switzerland
$74.3K -$87.7K -787 -56%
MSFP
634
Mark Sheptoff Financial Planning
Connecticut
$70.9K – – –
OIA
635
Optimum Investment Advisors
Illinois
$70.9K – – –
KIG
636
Kessler Investment Group
Indiana
$66K – – –
CWA
637
Carolina Wealth Advisors
South Carolina
$62K – – –
QC
638
Quent Capital
New York
$61.6K +$4.68K +42 +9%
HNB
639
Huntington National Bank
Ohio
$61.5K +$4.24K +38 +8%
SAM
640
Smartleaf Asset Management
Massachusetts
$61.4K +$57.5K +516 New
RA
641
Rational Advisors
New York
$61.3K – – –
AWM
642
Atticus Wealth Management
Florida
$59K – – –
SA
643
SRH Advisors
Kansas
$59K – – –
FHA
644
First Horizon Advisors
Tennessee
$57.5K – – –
T
645
TOBAM
France
$56K +$53.2K +477 New
DIP
646
DT Investment Partners
Pennsylvania
$54.4K – – –
GRP
647
Global Retirement Partners
California
$53.3K +$10.9K +98 +26%
VNA
648
Valley National Advisers
Pennsylvania
$52K +$1.78K +16 +4%
RFG
649
REAP Financial Group
Texas
$50.5K +$47.7K +428 New
AAG
650
Armstrong Advisory Group
Massachusetts
$48.9K – – –
24 25
26
27 28

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.