Steel Dynamics
STLD
913 hedge funds and large institutions have $20.4B invested in Steel Dynamics in 2025 Q4 according to their latest regulatory filings, with 175 funds opening new positions, 296 increasing their positions, 300 reducing their positions, and 50 closing their positions.
250% more first-time investments, than exits
New positions opened: 175 | Existing positions closed: 50
38% more call options, than puts
Call options by funds: $212M | Put options by funds: $154M
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
31% more capital invested
Capital invested by funds: $15.5B → $20.4B (+$4.89B)
13% more funds holding
Funds holding: 805 → 913 (+108)
6.79% more ownership
Funds ownership: 75.81% → 82.6% (+6.8%)
1% less repeat investments, than reductions
Existing positions increased: 296 | Existing positions reduced: 300
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$278M |
| 2 |
Boston Partners
Boston,
Massachusetts
|
+$170M |
| 3 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$87M |
| 4 |
HSBC Holdings
London,
United Kingdom
|
+$78.6M |
| 5 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$56.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Voloridge Investment Management
Jupiter,
Florida
|
-$76.9M |
| 2 |
Royal London Asset Management
United Kingdom
|
-$75.4M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$69.8M |
| 4 |
Point72 Asset Management
Stamford,
Connecticut
|
-$52.2M |
| 5 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
-$51.6M |
STLD Hedge Fund Activity: Q4 2025 in Review
913 of the 8,265 institutional investors tracked by Wall St. Rank reported a position in Steel Dynamics (STLD) for Q4 2025, worth a combined $20.4B — up 31% from $15.5B a quarter earlier.
Buyers outnumbered sellers: 175 funds opened new STLD positions and 50 closed out — a net gain of 125 holders — while 296 added to existing stakes and 300 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $278M. The largest seller was Voloridge Investment Management, cutting an estimated $76.9M.
- 913 institutional investors held Steel Dynamics (STLD) as of Q4 2025, up from 805 in Q3 2025.
- Funds reported $20.4B of Steel Dynamics stock for Q4 2025, up 31% quarter-over-quarter.
- 175 funds opened new Steel Dynamics positions in Q4 2025 and 50 closed out, a net change of +125 holders.
- The largest Steel Dynamics buyer in Q4 2025 was Fidelity Investments, an estimated $278M added.
- The largest Steel Dynamics seller in Q4 2025 was Voloridge Investment Management, an estimated $76.9M sold.
Based on aggregated 13F filings for Q4 2025.