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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
CFO
651
CVA Family Office
Colorado
$17.4K +$1.53K +15 +10%
DAM
652
Delta Asset Management
Tennessee
$16.3K
GWMIA
653
Global Wealth Management Investment Advisory
Florida
$16.3K +$15.3K +150 New
GWS
654
Glassman Wealth Services
Virginia
$16K -$916 -9 -6%
SWM
655
Spire Wealth Management
Virginia
$15.9K +$4.68K +46 +46%
KFI
656
Key Financial Inc
Pennsylvania
$13.9K +$9.56K +94 +276%
JFA
657
JNBA Financial Advisors
Minnesota
$13.6K
CHC
658
City Holding Co
West Virginia
$13.1K +$12.2K +120 New
GKIM
659
GW&K Investment Management
Massachusetts
$13K +$1.02K +10 +9%
GBT
660
Grove Bank & Trust
Florida
$12.1K +$7.12K +70 +171%
TAM
661
Tucker Asset Management
Colorado
$11.1K +$2.34K +23 +29%
LC
662
Lindbrook Capital
California
$11K -$4.48K -44 -30%
TIM
663
Tortoise Investment Management
New York
$10.9K
PIAS
664
PCA Investment Advisory Services
Ohio
$10.9K +$10.2K +100 New
SWA
665
Sutton Wealth Advisors
Florida
$8.17K
TCOV
666
Trust Company of Vermont
Vermont
$7.41K
VCM
667
Versant Capital Management
Arizona
$7.41K +$916 +9 +15%
AAP
668
Arax Advisory Partners
Colorado
$6.75K -$1.93K -19 -23%
BAAM
669
Baker Avenue Asset Management
California
$6.21K -$13.4K -132 -70%
ECM
670
Estabrook Capital Management
New York
$5.99K
WTC
671
WhitTier Trust Company
Nevada
$5.77K
DI
672
Disciplined Investments
Oklahoma
$5.55K -$712 -7 -12%
SIC
673
SJS Investment Consulting
Ohio
$5.45K -$2.34K -23 -32%
AWM
674
Abound Wealth Management
Tennessee
$5.01K +$916 +9 +24%
BBHC
675
Brown Brothers Harriman & Co
New York
$4.9K

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.