Steel Dynamics
STLD
440 hedge funds and large institutions have $7.02B invested in Steel Dynamics in 2017 Q3 according to their latest regulatory filings, with 50 funds opening new positions, 157 increasing their positions, 167 reducing their positions, and 56 closing their positions.
60% more call options, than puts
Call options by funds: $112M | Put options by funds: $70.1M
0.42% more ownership
Funds ownership: 84.45% → 84.87% (+0.42%)
4% less capital invested
Capital invested by funds: $7.31B → $7.02B (-$294M)
6% less repeat investments, than reductions
Existing positions increased: 157 | Existing positions reduced: 167
2% less funds holding
Funds holding: 451 → 440 (-11)
11% less first-time investments, than exits
New positions opened: 50 | Existing positions closed: 56
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$117M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$87M |
| 3 |
Lazard Asset Management
New York
|
+$37.2M |
| 4 |
CHP
Castle Hook Partners
New York
|
+$35.9M |
| 5 |
DnB Asset Management
Oslo,
Norway
|
+$30.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Hoplite Capital Management
New York
|
-$84.5M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
-$62.2M |
| 3 |
JP Morgan Chase
New York
|
-$46.1M |
| 4 |
ACG
Anchorage Capital Group
New York
|
-$38.9M |
| 5 |
NI
Numeric Investors
Boston,
Massachusetts
|
-$27.3M |
STLD Hedge Fund Activity: Q3 2017 in Review
440 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Steel Dynamics (STLD) for Q3 2017, worth a combined $7.02B — down 4% from $7.31B a quarter earlier.
Sellers outnumbered buyers: 56 funds closed out of STLD and 50 opened new positions — a net loss of 6 holders — while 167 trimmed existing stakes and 157 added.
The largest buyer was Fidelity Investments, adding an estimated $117M. The largest seller was Hoplite Capital Management, exiting entirely with an estimated $84.5M sold.
- 440 institutional investors held Steel Dynamics (STLD) as of Q3 2017, down from 451 in Q2 2017.
- Funds reported $7.02B of Steel Dynamics stock for Q3 2017, down 4% quarter-over-quarter.
- 50 funds opened new Steel Dynamics positions in Q3 2017 and 56 closed out, a net change of -6 holders.
- The largest Steel Dynamics buyer in Q3 2017 was Fidelity Investments, an estimated $117M added.
- The largest Steel Dynamics seller in Q3 2017 was Hoplite Capital Management, an estimated $84.5M sold.
Based on aggregated 13F filings for Q3 2017.