Steel Dynamics
STLD
704 hedge funds and large institutions have $14.9B invested in Steel Dynamics in 2023 Q2 according to their latest regulatory filings, with 77 funds opening new positions, 239 increasing their positions, 302 reducing their positions, and 88 closing their positions.
121% more call options, than puts
Call options by funds: $223M | Put options by funds: $101M
2% less funds holding
Funds holding: 719 → 704 (-15)
3.08% less ownership
Funds ownership: 84.13% → 81.05% (-3.1%)
7% less capital invested
Capital invested by funds: $16B → $14.9B (-$1.05B)
13% less first-time investments, than exits
New positions opened: 77 | Existing positions closed: 88
21% less repeat investments, than reductions
Existing positions increased: 239 | Existing positions reduced: 302
40% less funds holding in top 10
Funds holding in top 10: 5 → 3 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Pacer Advisors
Malvern,
Pennsylvania
|
+$62.5M |
| 2 |
Capital Research Global Investors
Los Angeles,
California
|
+$55.9M |
| 3 |
Royal London Asset Management
United Kingdom
|
+$47.6M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$40.3M |
| 5 |
Millennium Management
New York
|
+$38.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital World Investors
Los Angeles,
California
|
-$314M |
| 2 |
BlackRock
New York
|
-$124M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
-$120M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
-$115M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
-$70.8M |
STLD Hedge Fund Activity: Q2 2023 in Review
704 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Steel Dynamics (STLD) for Q2 2023, worth a combined $14.9B — down 6.6% from $16B a quarter earlier.
Sellers outnumbered buyers: 88 funds closed out of STLD and 77 opened new positions — a net loss of 11 holders — while 302 trimmed existing stakes and 239 added.
The largest buyer was Pacer Advisors, adding an estimated $62.5M. The largest seller was Capital World Investors, exiting entirely with an estimated $314M sold.
- 704 institutional investors held Steel Dynamics (STLD) as of Q2 2023, down from 719 in Q1 2023.
- Funds reported $14.9B of Steel Dynamics stock for Q2 2023, down 6.6% quarter-over-quarter.
- 77 funds opened new Steel Dynamics positions in Q2 2023 and 88 closed out, a net change of -11 holders.
- The largest Steel Dynamics buyer in Q2 2023 was Pacer Advisors, an estimated $62.5M added.
- The largest Steel Dynamics seller in Q2 2023 was Capital World Investors, an estimated $314M sold.
Based on aggregated 13F filings for Q2 2023.