Steel Dynamics
STLD
816 hedge funds and large institutions have $15.2B invested in Steel Dynamics in 2025 Q2 according to their latest regulatory filings, with 95 funds opening new positions, 280 increasing their positions, 334 reducing their positions, and 79 closing their positions.
20% more first-time investments, than exits
New positions opened: 95 | Existing positions closed: 79
1% more funds holding
Funds holding: 809 → 816 (+7)
0% less capital invested
Capital invested by funds: $15.3B → $15.2B (-$55.7M)
1.5% less ownership
Funds ownership: 81.66% → 80.16% (-1.5%)
16% less repeat investments, than reductions
Existing positions increased: 280 | Existing positions reduced: 334
18% less call options, than puts
Call options by funds: $117M | Put options by funds: $142M
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity International
Hamilton,
Bermuda
|
+$105M |
| 2 |
Nordea Investment Management
Stockholm,
Sweden
|
+$80.5M |
| 3 |
Morgan Stanley
New York
|
+$75.9M |
| 4 |
Robeco Institutional Asset Management
Rotterdam,
Netherlands
|
+$61.8M |
| 5 |
UBS AM
Chicago,
Illinois
|
+$50.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$121M |
| 2 |
First Trust Advisors
Wheaton,
Illinois
|
-$80.1M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$73.3M |
| 4 |
MFS
Mirabella Financial Services
London,
United Kingdom
|
-$69.4M |
| 5 |
Holocene Advisors
New York
|
-$63.1M |
STLD Hedge Fund Activity: Q2 2025 in Review
816 of the 7,613 institutional investors tracked by Wall St. Rank reported a position in Steel Dynamics (STLD) for Q2 2025, worth a combined $15.2B — down 0.36% from $15.3B a quarter earlier.
Buyers outnumbered sellers: 95 funds opened new STLD positions and 79 closed out — a net gain of 16 holders — while 280 added to existing stakes and 334 trimmed.
The largest buyer was Fidelity International, adding an estimated $105M. The largest seller was Invesco, cutting an estimated $121M.
- 816 institutional investors held Steel Dynamics (STLD) as of Q2 2025, up from 809 in Q1 2025.
- Funds reported $15.2B of Steel Dynamics stock for Q2 2025, down 0.36% quarter-over-quarter.
- 95 funds opened new Steel Dynamics positions in Q2 2025 and 79 closed out, a net change of +16 holders.
- The largest Steel Dynamics buyer in Q2 2025 was Fidelity International, an estimated $105M added.
- The largest Steel Dynamics seller in Q2 2025 was Invesco, an estimated $121M sold.
Based on aggregated 13F filings for Q2 2025.