Steel Dynamics
STLD
422 hedge funds and large institutions have $7.51B invested in Steel Dynamics in 2016 Q4 according to their latest regulatory filings, with 95 funds opening new positions, 120 increasing their positions, 175 reducing their positions, and 29 closing their positions.
233% more funds holding in top 10
Funds holding in top 10: 3 → 10 (+7)
228% more first-time investments, than exits
New positions opened: 95 | Existing positions closed: 29
90% more call options, than puts
Call options by funds: $138M | Put options by funds: $73M
86.62% more ownership
Funds ownership: 0% → 86.62% (+87%)
51% more capital invested
Capital invested by funds: $4.96B → $7.51B (+$2.55B)
18% more funds holding
Funds holding: 359 → 422 (+63)
31% less repeat investments, than reductions
Existing positions increased: 120 | Existing positions reduced: 175
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$124M |
| 2 |
Goldman Sachs
New York
|
+$102M |
| 3 |
PC
PointState Capital
New York
|
+$73.4M |
| 4 |
DCM
Discovery Capital Management
South Norwalk,
Connecticut
|
+$55M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
+$52.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$72.6M |
| 2 |
3CP
3G Capital Partners
New York
|
-$47.2M |
| 3 |
JP Morgan Chase
New York
|
-$44.3M |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$41.5M |
| 5 |
AIM
abrdn Investment Management
Edinburgh,
United Kingdom
|
-$37M |
STLD Hedge Fund Activity: Q4 2016 in Review
422 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Steel Dynamics (STLD) for Q4 2016, worth a combined $7.51B — up 51% from $4.96B a quarter earlier.
Buyers outnumbered sellers: 95 funds opened new STLD positions and 29 closed out — a net gain of 66 holders — while 120 added to existing stakes and 175 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $124M. The largest seller was Millennium Management, cutting an estimated $72.6M.
- 422 institutional investors held Steel Dynamics (STLD) as of Q4 2016, up from 359 in Q3 2016.
- Funds reported $7.51B of Steel Dynamics stock for Q4 2016, up 51% quarter-over-quarter.
- 95 funds opened new Steel Dynamics positions in Q4 2016 and 29 closed out, a net change of +66 holders.
- The largest Steel Dynamics buyer in Q4 2016 was Fidelity Investments, an estimated $124M added.
- The largest Steel Dynamics seller in Q4 2016 was Millennium Management, an estimated $72.6M sold.
Based on aggregated 13F filings for Q4 2016.