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Steel Dynamics
STLD

301 hedge funds and large institutions have $3.74B invested in Steel Dynamics in 2015 Q1 according to their latest regulatory filings, with 46 funds opening new positions, 132 increasing their positions, 84 reducing their positions, and 46 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

88% more call options, than puts

Call options by funds: $31.3M | Put options by funds: $16.7M

57% more repeat investments, than reductions

Existing positions increased: 132 | Existing positions reduced: 84

3% more capital invested

Capital invested by funds: $3.64B → $3.74B (+$95.7M)

0% more first-time investments, than exits

New positions opened: 46 | Existing positions closed: 46

1% less funds holding

Funds holding: 305 → 301 (-4)

Holders
301
Holders Change
-4
Holders Change %
-1.31%
% of All Funds
8.02%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.05%
New
46
Increased
132
Reduced
84
Closed
46
Calls
$31.3M
Puts
$16.7M
Net Calls
+$14.6M
Net Calls Change
-$54M

Top Buyers

1
CLM
ClearBridge LLC (Maryland)
Maryland
+$76.1M
2
DRZID
DePrince Race & Zollo Inc (DRZ)
Florida
+$41.7M
3
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
+$30.5M
4
Norges Bank
Norges Bank
Norway
+$24.6M
5
Balyasny Asset Management
Balyasny Asset Management
Illinois
+$20.6M

Top Sellers

1
Fidelity Investments
Fidelity Investments
Massachusetts
-$136M
2
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$110M
3
Wellington Management Group
Wellington Management Group
Massachusetts
-$49.9M
4
Franklin Resources
Franklin Resources
California
-$45.3M
5
Federated Hermes
Federated Hermes
Pennsylvania
-$20.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$299M +$13.8M +738,911 +5%
BIT
2
BlackRock Institutional Trust
California
$149M +$10.9M +586,640 +9%
BFA
3
BlackRock Fund Advisors
California
$148M +$4.8M +257,471 +4%
State Street
4
State Street
Massachusetts
$139M +$4.04M +216,598 +3%
Fidelity Investments
5
Fidelity Investments
Massachusetts
$135M -$136M -7,308,830 -52%
Norges Bank
6
Norges Bank
Norway
$105M +$24.6M +1,318,523 +34%
Dimensional Fund Advisors
7
Dimensional Fund Advisors
Texas
$102M +$643K +34,522 +0.7%
CLM
8
ClearBridge LLC (Maryland)
Maryland
$92.9M +$76.1M +4,083,015 +758%
AIM
9
abrdn Investment Management
United Kingdom
$92.7M -$2.31M -123,795 -3%
Wells Fargo
10
Wells Fargo
California
$85.5M -$1.74M -93,241 -2%
Wellington Management Group
11
Wellington Management Group
Massachusetts
$83.8M -$49.9M -2,677,570 -39%
Citadel Advisors
12
Citadel Advisors
Florida
$83.3M -$7.41M -397,899 -9%
Ameriprise
13
Ameriprise
Minnesota
$81.2M +$7.99M +428,612 +12%
Allianz Asset Management
14
Allianz Asset Management
Germany
$81M -$2.83M -151,653 -4%
VOYA Investment Management
15
VOYA Investment Management
Georgia
$79.8M +$1.94M +104,075 +3%
Millennium Management
16
Millennium Management
New York
$76.9M -$16.3M -876,247 -19%
LM
17
Luminus Management
Texas
$66.9M +$17.9M +961,625 +41%
VanEck Associates
18
VanEck Associates
New York
$64.9M +$1.69M +90,595 +3%
LSV Asset Management
19
LSV Asset Management
Illinois
$63.1M +$2.59M +139,254 +5%
Morgan Stanley
20
Morgan Stanley
New York
$60.4M +$5.03M +269,840 +10%
Bank of New York Mellon
21
Bank of New York Mellon
New York
$57.3M +$6.42M +344,407 +14%
Lord, Abbett & Co
22
Lord, Abbett & Co
New Jersey
$51.2M +$30.5M +1,635,500 +179%
AQR Capital Management
23
AQR Capital Management
Connecticut
$47.9M +$10.9M +586,420 +33%
Northern Trust
24
Northern Trust
Illinois
$46.4M -$2.44M -131,151 -5%
AllianceBernstein
25
AllianceBernstein
Tennessee
$45.6M -$563K -30,190 -1%
1
2 3 4 5

STLD Hedge Fund Activity: Q1 2015 in Review

301 of the 3,752 institutional investors tracked by Wall St. Rank reported a position in Steel Dynamics (STLD) for Q1 2015, worth a combined $3.74B — up 2.6% from $3.64B a quarter earlier.

Fund positioning in STLD was balanced in Q1 2015: 46 funds opened new positions, 46 closed out, 132 added to existing stakes and 84 trimmed.

The largest buyer was ClearBridge LLC (Maryland), adding an estimated $76.1M. The largest seller was Fidelity Investments, cutting an estimated $136M.

  • 301 institutional investors held Steel Dynamics (STLD) as of Q1 2015, down from 305 in Q4 2014.
  • Funds reported $3.74B of Steel Dynamics stock for Q1 2015, up 2.6% quarter-over-quarter.
  • 46 funds opened new Steel Dynamics positions in Q1 2015 and 46 closed out, a net change of 0 holders.
  • The largest Steel Dynamics buyer in Q1 2015 was ClearBridge LLC (Maryland), an estimated $76.1M added.
  • The largest Steel Dynamics seller in Q1 2015 was Fidelity Investments, an estimated $136M sold.

Based on aggregated 13F filings for Q1 2015.