Steel Dynamics
STLD
246 hedge funds and large institutions have $3.19B invested in Steel Dynamics in 2013 Q4 according to their latest regulatory filings, with 33 funds opening new positions, 80 increasing their positions, 95 reducing their positions, and 27 closing their positions.
22% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 27
2% more funds holding
Funds holding: 241 → 246 (+5)
0% more capital inflows, than outflows
Capital inflows: $266M | Capital outflows: $265M
0.54% less ownership
Funds ownership: 73.75% → 73.21% (-0.54%)
16% less repeat investments, than reductions
Existing positions increased: 80 | Existing positions reduced: 95
70% less call options, than puts
Call options by funds: $8.54M | Put options by funds: $28.7M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MAM
Marketfield Asset Management
New York
|
+$22.2M |
| 2 |
Acadian Asset Management
Boston,
Massachusetts
|
+$19.5M |
| 3 |
Goldman Sachs
New York
|
+$17.6M |
| 4 |
SCM
Sandler Capital Management
New York
|
+$16.5M |
| 5 |
Panagora Asset Management
Boston,
Massachusetts
|
+$15.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
-$54.2M |
| 2 |
Capital World Investors
Los Angeles,
California
|
-$36.7M |
| 3 |
LSV Asset Management
Chicago,
Illinois
|
-$26.5M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$25M |
| 5 |
Citigroup
New York
|
-$8.59M |
STLD Hedge Fund Activity: Q4 2013 in Review
246 of the 3,459 institutional investors tracked by Wall St. Rank reported a position in Steel Dynamics (STLD) for Q4 2013, worth a combined $3.19B — up 17% from $2.73B a quarter earlier.
Buyers outnumbered sellers: 33 funds opened new STLD positions and 27 closed out — a net gain of 6 holders — while 80 added to existing stakes and 95 trimmed.
The largest buyer was Marketfield Asset Management, adding an estimated $22.2M. The largest seller was DePrince Race & Zollo Inc (DRZ), exiting entirely with an estimated $54.2M sold.
- 246 institutional investors held Steel Dynamics (STLD) as of Q4 2013, up from 241 in Q3 2013.
- Funds reported $3.19B of Steel Dynamics stock for Q4 2013, up 17% quarter-over-quarter.
- 33 funds opened new Steel Dynamics positions in Q4 2013 and 27 closed out, a net change of +6 holders.
- The largest Steel Dynamics buyer in Q4 2013 was Marketfield Asset Management, an estimated $22.2M added.
- The largest Steel Dynamics seller in Q4 2013 was DePrince Race & Zollo Inc (DRZ), an estimated $54.2M sold.
Based on aggregated 13F filings for Q4 2013.