Steel Dynamics
STLD
809 hedge funds and large institutions have $15.3B invested in Steel Dynamics in 2025 Q1 according to their latest regulatory filings, with 115 funds opening new positions, 276 increasing their positions, 302 reducing their positions, and 91 closing their positions.
49% more call options, than puts
Call options by funds: $249M | Put options by funds: $167M
26% more first-time investments, than exits
New positions opened: 115 | Existing positions closed: 91
8% more capital invested
Capital invested by funds: $14.1B → $15.3B (+$1.19B)
2% more funds holding
Funds holding: 795 → 809 (+14)
0.45% more ownership
Funds ownership: 81.21% → 81.66% (+0.45%)
9% less repeat investments, than reductions
Existing positions increased: 276 | Existing positions reduced: 302
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
+$187M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$182M |
| 3 |
Robeco Institutional Asset Management
Rotterdam,
Netherlands
|
+$127M |
| 4 |
PCM
Pentwater Capital Management
Naples,
Florida
|
+$115M |
| 5 |
JP Morgan Chase
New York
|
+$103M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Trust Advisors
Wheaton,
Illinois
|
-$277M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$104M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
-$88.7M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$83.7M |
| 5 |
Citigroup
New York
|
-$68M |
STLD Hedge Fund Activity: Q1 2025 in Review
809 of the 7,471 institutional investors tracked by Wall St. Rank reported a position in Steel Dynamics (STLD) for Q1 2025, worth a combined $15.3B — up 8.4% from $14.1B a quarter earlier.
Buyers outnumbered sellers: 115 funds opened new STLD positions and 91 closed out — a net gain of 24 holders — while 276 added to existing stakes and 302 trimmed.
The largest buyer was Victory Capital Management, adding an estimated $187M. The largest seller was First Trust Advisors, cutting an estimated $277M.
- 809 institutional investors held Steel Dynamics (STLD) as of Q1 2025, up from 795 in Q4 2024.
- Funds reported $15.3B of Steel Dynamics stock for Q1 2025, up 8.4% quarter-over-quarter.
- 115 funds opened new Steel Dynamics positions in Q1 2025 and 91 closed out, a net change of +24 holders.
- The largest Steel Dynamics buyer in Q1 2025 was Victory Capital Management, an estimated $187M added.
- The largest Steel Dynamics seller in Q1 2025 was First Trust Advisors, an estimated $277M sold.
Based on aggregated 13F filings for Q1 2025.