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Gerdau S.A.

GGB
Exchange
NYSE
Industry
Steel Works, Blast Furnaces & Rolling & Finishing Mills
SEC CIK
0001073404

In the last 90 days, Gerdau S.A. insiders filed 0 open-market purchases and 5 sales; 213 institutions reported holding it in 13F filings for Q2 2026, worth $1.46B in total; no superinvestor holds it.

13F holders, Q2 2025

Institutional positions in Gerdau S.A. as of Jun 30, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
167
−12 vs. Q1 2025
Shares held
304.8M
−4.95M (−1.6%) vs. Q1 2025
Total value
$890.0M
+$10.6M (+1.2%) vs. Q1 2025
New holders
23
63 more added
Sold out
35
48 more reduced

3 institutions that held it in Q1 2025 haven't filed for Q2 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q1 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting GGB on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ2 2025: 167 institutions
Q1 2021: 143 institutionsQ2 2021: 170 institutionsQ3 2021: 149 institutionsQ4 2021: 161 institutionsQ1 2022: 172 institutionsQ2 2022: 185 institutionsQ3 2022: 191 institutionsQ4 2022: 225 institutionsQ1 2023: 222 institutionsQ2 2023: 202 institutionsQ3 2023: 188 institutionsQ4 2023: 190 institutionsQ1 2024: 180 institutionsQ2 2024: 186 institutionsQ3 2024: 187 institutionsQ4 2024: 187 institutionsQ1 2025: 182 institutionsQ2 2025: 167 institutionsQ3 2025: 176 institutionsQ4 2025: 182 institutionsQ1 2026: 194 institutionsQ2 2026: 213 institutions
Value heldQ2 2025: $890.0M
Q1 2021: $1.37BQ2 2021: $1.60BQ3 2021: $1.21BQ4 2021: $1.15BQ1 2022: $1.51BQ2 2022: $992.8MQ3 2022: $1.01BQ4 2022: $1.56BQ1 2023: $1.50BQ2 2023: $1.44BQ3 2023: $1.33BQ4 2023: $1.33BQ1 2024: $1.18BQ2 2024: $1.07BQ3 2024: $1.12BQ4 2024: $934.4MQ1 2025: $879.7MQ2 2025: $890.0MQ3 2025: $1.02BQ4 2025: $1.17BQ1 2026: $1.11BQ2 2026: $1.46B
Institutions holding GGB and their total value by quarter
QuarterHoldersValue
Q2 2026213$1.46B
Q1 2026194$1.11B
Q4 2025182$1.17B
Q3 2025176$1.02B
Q2 2025167$890.0M
Q1 2025182$879.7M
Q4 2024187$934.4M
Q3 2024187$1.12B
Q2 2024186$1.07B
Q1 2024180$1.18B
Q4 2023190$1.33B
Q3 2023188$1.33B
Q2 2023202$1.44B
Q1 2023222$1.50B
Q4 2022225$1.56B
Q3 2022191$1.01B
Q2 2022185$992.8M
Q1 2022172$1.51B
Q4 2021161$1.15B
Q3 2021149$1.21B
Q2 2021170$1.60B
Q1 2021143$1.37B

Institutions, Q2 2025

Shares, value and share of portfolio for each institution holding Gerdau S.A.; share changes are against Q1 2025.

Institutions holding GGB in Q2 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Capital Group Investment Management Pte. Ltd.130,150$380.0K0.07%00.0%Unchanged
Jane Street Group, LLC154,757$451.9K0.00%−39,932−20.5%Reduced
Banco Santander, S.A.171,347$500.3K0.00%+61,700+56.3%Added
Hennion & Walsh Asset Management, Inc.181,001$528.5K0.02%+405+0.2%Added
Ethic Inc.209,826$602.2K0.01%−68,357−24.6%Reduced
Two Sigma Securities, LLC207,111$604.8K0.07%+207,111New
AQR Capital Management LLC208,085$607.6K0.00%−374,864−64.3%Reduced
Neuberger Berman Group LLC213,134$622.4K0.00%−24,350−10.3%Reduced
ARGA Investment Management, LP226,447$661.2K0.02%+1,036+0.5%Added
Point72 Asset Management, L.P.248,600$725.9K0.00%+38,139+18.1%Added
Banque Cantonale Vaudoise258,000$753.0K0.03%00.0%Unchanged
STRS Ohio259,660$758.2K0.00%00.0%Unchanged
Banco BTG Pactual S.A.261,800$764.5K0.16%+200,900+329.9%Added
Invesco Ltd.271,819$793.7K0.00%−9,067−3.2%Reduced
Commonwealth Equity Services, LLC290,227$847.0K0.00%−304−0.1%Reduced
Aquatic Capital Management LLC295,463$862.8K0.02%−22,230−7.0%Reduced
Ci Investments Inc.328,741$960.0K0.00%+328,741New
Russell Investments Group, Ltd.361,910$1.06M0.00%00.0%Unchanged
Guggenheim Capital LLC371,567$1.08M0.01%+75,453+25.5%Added
Fisher Asset Management, LLC404,981$1.18M0.00%00.0%Unchanged
Quantbot Technologies LP422,861$1.23M0.03%−26,096−5.8%Reduced
JPMorgan Chase & Co423,367$1.24M0.00%+241,651+133.0%Added
Virtus Family Office LLC451,158$1.32M1.69%+147,259+48.5%Added
AIA Group Ltd452,237$1.32M0.03%00.0%Unchanged
Capital International Ltd586,778$1.71M0.07%00.0%Unchanged
Massachusetts Financial Services Co587,602$1.72M0.00%+195,328+49.8%Added
Citigroup Inc599,566$1.75M0.00%+48,870+8.9%Added
BNP Paribas Arbitrage, SA643,374$1.88M0.00%−152,479−19.2%Reduced
Capital International Inc644,644$1.88M0.02%−1,328−0.2%Reduced
Grantham, Mayo, Van Otterloo & Co. LLC702,020$2.05M0.01%−2,927,556−80.7%Reduced
Marshall Wace, LLP739,473$2.16M0.00%−4,929,839−87.0%Reduced
HSBC Holdings PLC805,801$2.35M0.00%+35,030+4.5%Added
Legal & General Group Plc840,628$2.45M0.00%00.0%Unchanged
Capital International Sarl845,688$2.47M0.05%00.0%Unchanged
Acadian Asset Management LLC867,667$2.53M0.01%−2,440,035−73.8%Reduced
Connor, Clark & Lunn Investment Management Ltd.884,022$2.58M0.01%−91,311−9.4%Reduced
Northern Trust Corp900,494$2.63M0.00%−232,140−20.5%Reduced
AXA S.A.1,024,392$2.99M0.01%00.0%Unchanged
Van Eck Associates Corp1,030,576$3.01M0.00%−130,758−11.3%Reduced
Amundi1,126,161$3.43M0.00%+1,190+0.1%Added
Mackenzie Financial Corp1,544,372$4.51M0.01%−881,221−36.3%Reduced
Cubist Systematic Strategies, LLC1,948,705$5.69M0.06%+1,948,705New
UBS Group AG2,073,033$6.05M0.00%−1,008,190−32.7%Reduced
Kawa Capital Management, Inc2,094,404$6.12M11.15%00.0%Unchanged
D. E. Shaw & Co., Inc.2,426,242$7.08M0.01%+1,549,332+176.7%Added
Causeway Capital Management LLC2,670,178$7.80M0.12%00.0%Unchanged
SPX Equities Gestao de Recursos Ltda2,869,104$8.38M0.78%+2,869,104New
FIL Ltd2,892,664$8.45M0.01%+2,892,664New
Vanguard Group Inc3,171,710$9.26M0.00%+49,238+1.6%Added
State Street Corp3,240,617$9.46M0.00%+208,093+6.9%Added
Goldman Sachs Group Inc3,447,326$10.1M0.00%+1,438,599+71.6%Added
Millennium Management LLC3,554,391$10.4M0.01%−809,373−18.5%Reduced
Optiver Holding B.V.3,683,049$10.8M0.29%+710,734+23.9%Added
American Century Companies Inc4,016,749$11.7M0.01%+366,340+10.0%Added
Itau Unibanco Holding S.A.4,036,600$11.8M0.45%+1,358,300+50.7%Added
Morgan Stanley4,307,444$12.6M0.00%−4,968,442−53.6%Reduced
Two Sigma Advisers, LP5,667,060$16.5M0.03%−4,310,600−43.2%Reduced
Donald Smith & Co., Inc.5,972,460$17.4M0.41%+5,972,460New
BlackRock, Inc.7,020,741$20.5M0.00%−1,207,198−14.7%Reduced
Two Sigma Investments, LP7,791,028$22.7M0.04%−3,824,631−32.9%Reduced
Renaissance Technologies LLC10,243,601$29.9M0.04%+1,857,577+22.2%Added
Dimensional Fund Advisors LP12,446,714$36.3M0.01%−623,156−4.8%Reduced
Bank of America Corp12,984,389$37.9M0.00%+8,039,814+162.6%Added
Citadel Advisors LLC13,141,606$38.4M0.03%+9,866,728+301.3%Added
Contrarian Capital Management, L.L.C.19,069,112$55.7M15.93%−150,000−0.8%Reduced
Capital International Investors30,464,285$89.0M0.02%+16,906+0.1%Added
FMR LLC109,091,180$318.5M0.02%+11,918,859+12.3%Added
Encompass Capital Advisors LLC0$00.00%−10,610,617−100.0%Sold out
Carrhae Capital LLP0$00.00%−6,568,703−100.0%Sold out
Sagil Capital LLP0$00.00%−3,900,000−100.0%Sold out
UBS Asset Management Americas Inc0$00.00%−2,344,175−100.0%Sold out
New York State Common Retirement Fund0$00.00%−1,709,321−100.0%Sold out
BTG Pactual Asset Management US LLC0$00.00%−765,924−100.0%Sold out
Asset Management One Co.,Ltd.0$00.00%−458,516−100.0%Sold out
Jump Financial, LLC0$00.00%−391,728−100.0%Sold out
Pinebridge Investments, L.P.0$00.00%−367,912−100.0%Sold out
Qube Research & Technologies Ltd0$00.00%−198,237−100.0%Sold out
Pacer Advisors, Inc.0$00.00%−190,094−100.0%Sold out
Kapitalo Investimentos Ltda0$00.00%−158,682−100.0%Sold out
Toroso Investments, LLC0$00.00%−136,960−100.0%Sold out
Barclays PLC0$00.00%−90,858−100.0%Sold out
Legacy Financial Advisors, Inc.0$00.00%−78,000−100.0%Sold out
Quadrature Capital Ltd0$00.00%−61,485−100.0%Sold out
Engineers Gate Manager LP0$00.00%−54,847−100.0%Sold out
Omers Administration Corp0$00.00%−45,587−100.0%Sold out
Qtron Investments LLC0$00.00%−45,578−100.0%Sold out
Diversified Trust Co0$00.00%−41,560−100.0%Sold out
IMG Wealth Management, Inc.0$00.00%−30,928−100.0%Sold out
First Trust Advisors LP0$00.00%−17,863−100.0%Sold out
Dynamic Technology Lab Private Ltd0$00.00%−15,895−100.0%Sold out
Prosperity Consulting Group, LLC0$00.00%−14,400−100.0%Sold out
Farringdon Capital, Ltd.0$00.00%−10,657−100.0%Sold out
Dark Forest Capital Management LP0$00.00%−10,611−100.0%Sold out
Alliancebernstein L.P.0$00.00%−10,225−100.0%Sold out
Clear Street Markets LLC0$00.00%−8,492−100.0%Sold out
N.E.W. Advisory Services LLC0$00.00%−2,400−100.0%Sold out
GHP Investment Advisors, Inc.0$00.00%−1,870−100.0%Sold out
Headlands Technologies LLC0$00.00%−1,847−100.0%Sold out
Cullen/Frost Bankers, Inc.0$00.00%−582−100.0%Sold out
NBT Bank N A0$00.00%−314−100.0%Sold out