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Steel Dynamics

359 hedge funds and large institutions have $4.96B invested in Steel Dynamics in 2016 Q3 according to their latest regulatory filings, with 31 funds opening new positions, 133 increasing their positions, 146 reducing their positions, and 44 closing their positions.

New
Increased
Maintained
Reduced
Closed

244% more call options, than puts

Call options by funds: $128M | Put options by funds: $37.3M

2% less capital invested

Capital invested by funds: $5.05B → $4.96B (-$88.8M)

9% less repeat investments, than reductions

Existing positions increased: 133 | Existing positions reduced: 146

4% less funds holding

Funds holding: 375359 (-16)

30% less first-time investments, than exits

New positions opened: 31 | Existing positions closed: 44

40% less funds holding in top 10

Funds holding in top 10: 53 (-2)

Holders
359
Holders Change
-16
Holders Change %
-4.27%
% of All Funds
9.58%
Holding in Top 10
3
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-40%
% of All Funds
0.08%
New
31
Increased
133
Reduced
146
Closed
44
Calls
$128M
Puts
$37.3M
Net Calls
+$91M
Net Calls Change
-$44M
Name Holding Trade Value Shares
Change
Change in
Stake
PPA
76
Parametric Portfolio Associates
Washington
$11.6M +$3.12M +122,255 +36%
JHIU
77
Janus Henderson Investors US
Colorado
$11.5M +$8.87M +347,400 +309%
UOC
78
UBS O'Connor
Illinois
$11.5M -$4.32M -169,083 -27%
NFA
79
Nationwide Fund Advisors
Ohio
$11.1M -$43.8K -1,717 -0.4%
N
80
Nuveen
North Carolina
$11M +$748K +29,289 +7%
RhumbLine Advisers
81
RhumbLine Advisers
Massachusetts
$10.4M +$362K +14,194 +4%
WA
82
Wasatch Advisors
Utah
$10.4M
SO
83
STRS Ohio
Ohio
$10M -$2.55M -100,000 -20%
BGDI
84
BW Gestao de Investimentos
Brazil
$10M +$10.2M +400,000 New
Swiss National Bank
85
Swiss National Bank
Switzerland
$9.85M -$289K -11,300 -3%
MAM
86
Marketfield Asset Management
New York
$9.56M -$5.26M -205,844 -35%
NAMA
87
Nikko Asset Management Americas
New York
$9.52M +$674K +26,400 +7%
UBS AM
88
UBS AM
Illinois
$9.21M +$2.24M +87,769 +31%
SI
89
Scout Investments
Missouri
$9.11M -$8.13M -318,368 -47%
First Trust Advisors
90
First Trust Advisors
Illinois
$8.9M +$1.08M +42,281 +13%
Canada Pension Plan Investment Board
91
Canada Pension Plan Investment Board
Ontario, Canada
$8.63M +$626K +24,500 +8%
Manulife (Manufacturers Life Insurance)
92
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$8.45M +$97.2K +3,806 +1%
State Board of Administration of Florida Retirement System
93
State Board of Administration of Florida Retirement System
Florida
$8.34M -$414K -16,230 -5%
Victory Capital Management
94
Victory Capital Management
Texas
$8.28M -$1.29M -50,351 -13%
Mackenzie Financial
95
Mackenzie Financial
Ontario, Canada
$7.86M
BA
96
BlackRock Advisors
Delaware
$7.85M -$706K -27,663 -8%
AllianceBernstein
97
AllianceBernstein
Tennessee
$7.23M +$1.94M +76,080 +36%
Federated Hermes
98
Federated Hermes
Pennsylvania
$7.21M +$3.38M +132,390 +85%
BNP Paribas Financial Markets
99
BNP Paribas Financial Markets
France
$7.19M -$2.96M -116,076 -29%
Point72 Asset Management
100
Point72 Asset Management
Connecticut
$7.17M +$6.3M +246,600 +610%

STLD Hedge Fund Activity: Q3 2016 in Review

359 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Steel Dynamics (STLD) for Q3 2016, worth a combined $4.96B — down 1.8% from $5.05B a quarter earlier.

Sellers outnumbered buyers: 44 funds closed out of STLD and 31 opened new positions — a net loss of 13 holders — while 146 trimmed existing stakes and 133 added.

The largest buyer was Highline Capital Management, opening a new position worth an estimated $72M. The largest seller was ClearBridge LLC (Maryland), cutting an estimated $74.1M.

  • 359 institutional investors held Steel Dynamics (STLD) as of Q3 2016, down from 375 in Q2 2016.
  • Funds reported $4.96B of Steel Dynamics stock for Q3 2016, down 1.8% quarter-over-quarter.
  • 31 funds opened new Steel Dynamics positions in Q3 2016 and 44 closed out, a net change of -13 holders.
  • The largest Steel Dynamics buyer in Q3 2016 was Highline Capital Management, an estimated $72M added.
  • The largest Steel Dynamics seller in Q3 2016 was ClearBridge LLC (Maryland), an estimated $74.1M sold.

Based on aggregated 13F filings for Q3 2016.