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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
S
726
Sachetta
Massachusetts
$4.73K +$4.46K +40 New
ECM
727
Estabrook Capital Management
New York
$4.72K -$1.67K -15 -27%
ZB
728
Zions Bancorporation
Utah
$4.72K – – –
AGWCA
729
Annis Gardner Whiting Capital Advisors
Florida
$4.39K +$4.12K +37 New
AFWM
730
Abich Financial Wealth Management
Virginia
$4.37K +$4.12K +37 New
BGAI
731
Bruce G. Allen Investments
Colorado
$4.25K +$4.01K +36 New
POIA
732
Pin Oak Investment Advisors
Texas
$4K – – –
MCM
733
Manchester Capital Management
Vermont
$3.9K +$3.46K +31 +1,550%
RCM
734
Raleigh Capital Management
North Carolina
$2.95K +$2.79K +25 New
MFT
735
Moisand Fitzgerald Tamayo
Florida
$2.72K – – –
M
736
MOTCO
Texas
$2.72K – – –
FFO
737
Fortitude Family Office
Arizona
$2.72K +$2.56K +23 New
BF
738
BOK Financial
Oklahoma
$2.6K – – –
SHIM
739
Stone House Investment Management
Pennsylvania
$2.36K +$2.23K +20 New
JFGIW
740
Johnson Financial Group Inc (Wisconsin)
Wisconsin
$2.02K +$1.9K +17 New
PPC
741
Park Place Capital
Alabama
$2.01K – – –
AW
742
Avion Wealth
Texas
$2K -$111 -1 -7%
HFM
743
Harvest Fund Management
China
$2K – – –
WIA
744
Wetzel Investment Advisors
Indiana
$2K +$1.56K +14 New
VWM
745
Venturi Wealth Management
Texas
$1.65K +$446 +4 +40%
CAM
746
ClariVest Asset Management
California
$1.53K – – –
WCM
747
Winthrop Capital Management
Indiana
$1.53K +$1.45K +13 New
DF
748
Dunhill Financial
United Kingdom
$1.46K +$1.34K +12 New
LF
749
Lee Financial
Texas
$1.42K -$2.67K -24 -67%
TWP
750
TFO Wealth Partners
Ohio
$1.42K – – –
28 29
30
31 32

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.