Steel Dynamics
STLD
719 hedge funds and large institutions have $16B invested in Steel Dynamics in 2023 Q1 according to their latest regulatory filings, with 106 funds opening new positions, 238 increasing their positions, 295 reducing their positions, and 54 closing their positions.
96% more first-time investments, than exits
New positions opened: 106 | Existing positions closed: 54
30% more call options, than puts
Call options by funds: $264M | Put options by funds: $203M
18% more capital invested
Capital invested by funds: $13.5B → $16B (+$2.46B)
7% more funds holding
Funds holding: 675 → 719 (+44)
2.14% more ownership
Funds ownership: 81.99% → 84.13% (+2.1%)
19% less repeat investments, than reductions
Existing positions increased: 238 | Existing positions reduced: 295
55% less funds holding in top 10
Funds holding in top 10: 11 → 5 (-6)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Trust Advisors
Wheaton,
Illinois
|
+$153M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
+$141M |
| 3 |
BlackRock
New York
|
+$59.4M |
| 4 |
AssetMark Inc
Concord,
California
|
+$45.2M |
| 5 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
+$35.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
-$237M |
| 2 |
E
Ergoteles
New York
|
-$60.9M |
| 3 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
-$59.5M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$54.1M |
| 5 |
Jane Street
New York
|
-$45.6M |
STLD Hedge Fund Activity: Q1 2023 in Review
719 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Steel Dynamics (STLD) for Q1 2023, worth a combined $16B — up 18% from $13.5B a quarter earlier.
Buyers outnumbered sellers: 106 funds opened new STLD positions and 54 closed out — a net gain of 52 holders — while 238 added to existing stakes and 295 trimmed.
The largest buyer was First Trust Advisors, adding an estimated $153M. The largest seller was Victory Capital Management, cutting an estimated $237M.
- 719 institutional investors held Steel Dynamics (STLD) as of Q1 2023, up from 675 in Q4 2022.
- Funds reported $16B of Steel Dynamics stock for Q1 2023, up 18% quarter-over-quarter.
- 106 funds opened new Steel Dynamics positions in Q1 2023 and 54 closed out, a net change of +52 holders.
- The largest Steel Dynamics buyer in Q1 2023 was First Trust Advisors, an estimated $153M added.
- The largest Steel Dynamics seller in Q1 2023 was Victory Capital Management, an estimated $237M sold.
Based on aggregated 13F filings for Q1 2023.