Steel Dynamics
STLD
937 hedge funds and large institutions have $21.2B invested in Steel Dynamics in 2026 Q1 according to their latest regulatory filings, with 128 funds opening new positions, 330 increasing their positions, 318 reducing their positions, and 91 closing their positions.
75% more funds holding in top 10
Funds holding in top 10: 4 → 7 (+3)
41% more first-time investments, than exits
New positions opened: 128 | Existing positions closed: 91
27% more call options, than puts
Call options by funds: $196M | Put options by funds: $154M
3% more funds holding
Funds holding: 913 → 937 (+24)
4% more repeat investments, than reductions
Existing positions increased: 330 | Existing positions reduced: 318
4% more capital invested
Capital invested by funds: $20.4B → $21.2B (+$730M)
1.33% less ownership
Funds ownership: 82.64% → 81.31% (-1.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$248M |
| 2 |
Bessemer Group
Woodbridge,
New Jersey
|
+$98.5M |
| 3 |
JP Morgan Chase
New York
|
+$81.5M |
| 4 |
BA
Bridgewater Associates
Westport,
Connecticut
|
+$79.8M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$74M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Robeco Institutional Asset Management
Rotterdam,
Netherlands
|
-$148M |
| 2 |
LCIP
Life Cycle Investment Partners
London,
|
-$139M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$139M |
| 4 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$99.9M |
| 5 |
Royal London Asset Management
United Kingdom
|
-$77.7M |
STLD Hedge Fund Activity: Q1 2026 in Review
937 of the 8,172 institutional investors tracked by Wall St. Rank reported a position in Steel Dynamics (STLD) for Q1 2026, worth a combined $21.2B — up 3.6% from $20.4B a quarter earlier.
Buyers outnumbered sellers: 128 funds opened new STLD positions and 91 closed out — a net gain of 37 holders — while 330 added to existing stakes and 318 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $248M. The largest seller was Robeco Institutional Asset Management, cutting an estimated $148M.
- 937 institutional investors held Steel Dynamics (STLD) as of Q1 2026, up from 913 in Q4 2025.
- Funds reported $21.2B of Steel Dynamics stock for Q1 2026, up 3.6% quarter-over-quarter.
- 128 funds opened new Steel Dynamics positions in Q1 2026 and 91 closed out, a net change of +37 holders.
- The largest Steel Dynamics buyer in Q1 2026 was Fidelity Investments, an estimated $248M added.
- The largest Steel Dynamics seller in Q1 2026 was Robeco Institutional Asset Management, an estimated $148M sold.
Based on aggregated 13F filings for Q1 2026.