Steel Dynamics
STLD
361 hedge funds and large institutions have $5.01B invested in Steel Dynamics in 2016 Q3 according to their latest regulatory filings, with 31 funds opening new positions, 134 increasing their positions, 147 reducing their positions, and 43 closing their positions.
244% more call options, than puts
Call options by funds: $128M | Put options by funds: $37.3M
1% less capital invested
Capital invested by funds: $5.05B → $5.01B (-$40.7M)
9% less repeat investments, than reductions
Existing positions increased: 134 | Existing positions reduced: 147
4% less funds holding
Funds holding: 376 → 361 (-15)
28% less first-time investments, than exits
New positions opened: 31 | Existing positions closed: 43
40% less funds holding in top 10
Funds holding in top 10: 5 → 3 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Highline Capital Management
New York
|
+$72M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$69.1M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$35.9M |
| 4 |
LM
Luminus Management
Houston,
Texas
|
+$26.3M |
| 5 |
Millennium Management
New York
|
+$25M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CLM
ClearBridge LLC (Maryland)
Baltimore,
Maryland
|
-$74.1M |
| 2 |
Morgan Stanley
New York
|
-$58.6M |
| 3 |
Two Sigma Investments
New York
|
-$44.9M |
| 4 |
FIM
Foresters Investment Management
New York
|
-$44.5M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$37.8M |
STLD Hedge Fund Activity: Q3 2016 in Review
361 of the 3,759 institutional investors tracked by Wall St. Rank reported a position in Steel Dynamics (STLD) for Q3 2016, worth a combined $5.01B — down 0.81% from $5.05B a quarter earlier.
Sellers outnumbered buyers: 43 funds closed out of STLD and 31 opened new positions — a net loss of 12 holders — while 147 trimmed existing stakes and 134 added.
The largest buyer was Highline Capital Management, opening a new position worth an estimated $72M. The largest seller was ClearBridge LLC (Maryland), cutting an estimated $74.1M.
- 361 institutional investors held Steel Dynamics (STLD) as of Q3 2016, down from 376 in Q2 2016.
- Funds reported $5.01B of Steel Dynamics stock for Q3 2016, down 0.81% quarter-over-quarter.
- 31 funds opened new Steel Dynamics positions in Q3 2016 and 43 closed out, a net change of -12 holders.
- The largest Steel Dynamics buyer in Q3 2016 was Highline Capital Management, an estimated $72M added.
- The largest Steel Dynamics seller in Q3 2016 was ClearBridge LLC (Maryland), an estimated $74.1M sold.
Based on aggregated 13F filings for Q3 2016.