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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
TCM
776
Thomist Capital Management
Texas
– -$2.02M -18,802 Closed
KPF
777
K2 Principal Fund
Ontario, Canada
– -$1.17M -10,525 Closed
BCP
778
Blackhawk Capital Partners
Wisconsin
– -$955K -8,908 Closed
SFI
779
Susquehanna Fundamental Investments
Pennsylvania
– -$940K -8,767 Closed
MAM
780
Martingale Asset Management
Massachusetts
– -$903K -8,422 Closed
OQS
781
Occudo Quantitative Strategies
Florida
– -$822K -7,669 Closed
UFF
782
USA Financial Formulas
Michigan
– -$699K -6,522 Closed
TWM
783
TriaGen Wealth Management
California
– -$667K -6,221 Closed
QC
784
Quantedge Capital
Singapore
– -$611K -5,700 Closed
DF
785
Donoghue Forlines
Massachusetts
– -$493K -4,596 Closed
DFCM
786
Dark Forest Capital Management
Puerto Rico
– -$490K -4,572 Closed
HIM
787
Hillsdale Investment Management
Ontario, Canada
– -$484K -4,510 Closed
AM
788
AGF Management
Ontario, Canada
– -$475K -4,434 Closed
SPC
789
Sigma Planning Corp
Michigan
– -$388K -3,617 Closed
SEC
790
Seven Eight Capital
New York
– -$362K -3,372 Closed
PL
791
Perpetual Ltd
Australia
– -$325K -3,028 Closed
SCM
792
Stevens Capital Management
Pennsylvania
– -$322K -3,004 Closed
GCP
793
GSA Capital Partners
United Kingdom
– -$301K -2,811 Closed
MYLI
794
Meiji Yasuda Life Insurance
Japan
– -$297K -2,770 Closed
BB
795
Busey Bank
Illinois
– -$265K -2,476 Closed
BRWA
796
B. Riley Wealth Advisors
Florida
– -$245K -2,276 Closed
RWA
797
River Wealth Advisors
Pennsylvania
– -$243K -2,269 Closed
FMAEN1
798
Fund Management at Engine No 1
California
– -$239K -2,230 Closed
CAMV
799
Concord Asset Management (Virginia)
Virginia
– -$233K -2,174 Closed
MNBTD
800
Moody National Bank Trust Division
Texas
– -$224K -2,090 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.