Steel Dynamics
STLD
241 hedge funds and large institutions have $2.73B invested in Steel Dynamics in 2013 Q3 according to their latest regulatory filings, with 30 funds opening new positions, 98 increasing their positions, 81 reducing their positions, and 21 closing their positions.
43% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 21
21% more repeat investments, than reductions
Existing positions increased: 98 | Existing positions reduced: 81
15% more capital invested
Capital invested by funds: $2.38B → $2.73B (+$355M)
3% more funds holding
Funds holding: 235 → 241 (+6)
7% less call options, than puts
Call options by funds: $24.1M | Put options by funds: $25.9M
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MAM
Marketfield Asset Management
New York
|
+$23.9M |
| 2 |
AIMCA
Alberta Investment Management Corp (AIMCo)
Edmonton,
Alberta, Canada
|
+$21.2M |
| 3 |
Allianz Asset Management
Munich,
Germany
|
+$12.8M |
| 4 |
CCM
Century Capital Management
Boston,
Massachusetts
|
+$10.3M |
| 5 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
+$9.67M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$23.5M |
| 2 |
LM
Luminus Management
Houston,
Texas
|
-$15M |
| 3 |
VOYA Investment Management
Atlanta,
Georgia
|
-$8.86M |
| 4 |
SCA
SAC Capital Advisors
Stamford,
Connecticut
|
-$8.65M |
| 5 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
-$8.1M |
STLD Hedge Fund Activity: Q3 2013 in Review
241 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in Steel Dynamics (STLD) for Q3 2013, worth a combined $2.73B — up 15% from $2.38B a quarter earlier.
Buyers outnumbered sellers: 30 funds opened new STLD positions and 21 closed out — a net gain of 9 holders — while 98 added to existing stakes and 81 trimmed.
The largest buyer was Marketfield Asset Management, adding an estimated $23.9M. The largest seller was Deutsche Bank, cutting an estimated $23.5M.
- 241 institutional investors held Steel Dynamics (STLD) as of Q3 2013, up from 235 in Q2 2013.
- Funds reported $2.73B of Steel Dynamics stock for Q3 2013, up 15% quarter-over-quarter.
- 30 funds opened new Steel Dynamics positions in Q3 2013 and 21 closed out, a net change of +9 holders.
- The largest Steel Dynamics buyer in Q3 2013 was Marketfield Asset Management, an estimated $23.9M added.
- The largest Steel Dynamics seller in Q3 2013 was Deutsche Bank, an estimated $23.5M sold.
Based on aggregated 13F filings for Q3 2013.