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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
FWM
751
Focused Wealth Management
New York
$1.34K -$69.1K -620 -98%
SIS
752
Sound Income Strategies
Florida
$1.18K – – –
AIMA
753
Ables Iannone Moore & Associates
Georgia
$1.18K +$1.11K +10 New
SFA
754
Semmax Financial Advisors
North Carolina
$1.07K – – –
GI
755
Gradient Investments
Minnesota
$1.06K +$1K +9 New
TFA
756
Transamerica Financial Advisors
Florida
$1K -$2.23K -20 -83%
HGERS
757
Householder Group Estate & Retirement Specialist
Arizona
$1K – – –
FMP
758
Financial Management Professionals
Texas
$1K +$446 +4 +67%
PA
759
Pineridge Advisors
Missouri
$827 +$780 +7 New
Kayne Anderson Rudnick Investment Management
760
Kayne Anderson Rudnick Investment Management
California
$763 +$669 +6 New
TWD
761
True Wealth Design
Ohio
$709 – – –
WWM
762
Wolff Wiese Magana
California
$591 – – –
EWM
763
Evermay Wealth Management
Virginia
$355 +$334 +3 New
MHR
764
Matthew Hamilton Rosenberg
$354 – – –
RG
765
Retirement Group
California
$354 – – –
DWM
766
Dogwood Wealth Management
Kansas
$3 – – –
Point72 Asset Management
767
Point72 Asset Management
Connecticut
– -$28.3M -253,936 Closed
WorldQuant Millennium Advisors
768
WorldQuant Millennium Advisors
New York
– -$11.4M -106,519 Closed
Capital Fund Management (CFM)
769
Capital Fund Management (CFM)
France
– -$5.68M -50,923 Closed
PI
770
PEAK6 Investments
Illinois
– -$4.85M -43,554 Closed
GCM
771
Genus Capital Management
British Columbia, Canada
– -$4.73M -42,441 Closed
QT
772
Quantbot Technologies
New York
– -$3.22M -30,051 Closed
WBC
773
Westpac Banking Corp
Australia
– -$3.2M -29,842 Closed
CA
774
Continuum Advisory
Idaho
– -$133K -23,034 Closed
IAIM
775
International Assets Investment Management
Florida
– -$117K -20,923 Closed
29 30
31
32 33

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.