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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.

New
Increased
Maintained
Reduced
Closed

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

Holders
687
Holders Change
-17
Holders Change %
-2.41%
% of All Funds
10.9%
Holding in Top 10
6
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+100%
% of All Funds
0.1%
New
62
Increased
244
Reduced
286
Closed
73
Calls
$217M
Puts
$82.1M
Net Calls
+$134M
Net Calls Change
+$12.4M

Top Buyers

Rank Fund Capital Flow
1
Ameriprise
Ameriprise
Minnesota
+$131M
2
Invesco
Invesco
Georgia
+$50.2M
3
AssetMark Inc
AssetMark Inc
California
+$42.3M
4
Goldman Sachs
Goldman Sachs
New York
+$39.9M
5
Norges Bank
Norges Bank
Norway
+$34.9M

Top Sellers

Rank Fund Capital Flow
1
Fidelity Investments
Fidelity Investments
Massachusetts
-$148M
2
Vanguard Group
Vanguard Group
Pennsylvania
-$72.1M
3
BlackRock
BlackRock
New York
-$66.6M
4
State Street
State Street
Massachusetts
-$44.4M
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$41.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
AIM
701
Artemis Investment Management
United Kingdom
– -$2.82M -25,946 Closed
CSS
702
Cubist Systematic Strategies
Connecticut
– -$2.66M -25,501 Closed
SC
703
Sepio Capital
Utah
– -$2.63M -23,957 Closed
LAM
704
L2 Asset Management
Massachusetts
– -$2.44M -22,738 Closed
Holocene Advisors
705
Holocene Advisors
New York
– -$2.36M -21,687 Closed
PAMP
706
Polar Asset Management Partners
Ontario, Canada
– -$1.87M -17,131 Closed
Los Angeles Capital Management
707
Los Angeles Capital Management
California
– -$1.83M -16,832 Closed
CA
708
Cullinan Associates
Kentucky
– -$1.7M -15,600 Closed
VLKIM
709
Van Lanschot Kempen Investment Management
Netherlands
– -$1.65M -15,164 Closed
WAM
710
Wakefield Asset Management
Colorado
– -$1.59M -14,553 Closed
MF
711
Magnetar Financial
Illinois
– -$1.53M -14,037 Closed
DEA
712
DoubleLine ETF Adviser
Florida
– -$1.31M -12,010 Closed
SC
713
Sagefield Capital
Texas
– -$1.27M -11,671 Closed
DTL
714
Dynamic Technology Lab
Singapore
– -$1.23M -11,321 Closed
LCM
715
Lynwood Capital Management
Ontario, Canada
– -$1.09M -10,000 Closed
VI
716
Versor Investments
New York
– -$1.09M -9,982 Closed
SSA
717
Schonfeld Strategic Advisors
New York
– -$1.03M -9,423 Closed
ACM
718
Aquatic Capital Management
Illinois
– -$1M -9,200 Closed
MWM
719
MorganRosel Wealth Management
Colorado
– -$985K -9,046 Closed
MFS
720
Mirabella Financial Services
United Kingdom
– -$689K -6,326 Closed
QCM
721
Qsemble Capital Management
New York
– -$610K -5,600 Closed
OTL
722
Oak Thistle LLC
New York
– -$551K -5,054 Closed
V
723
Veritable
Delaware
– -$516K -4,735 Closed
BC
724
Bridgefront Capital
Texas
– -$471K -4,326 Closed
JF
725
Jump Financial
Illinois
– -$408K -3,750 Closed
27 28
29
30 31

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.