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, Q3 2025
Institutional positions in Gerdau S.A. as of Sep 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
- 176
- +9 vs. Q2 2025
- Shares held
- 327.5M
- +22.8M (+7.5%) vs. Q2 2025
- Total value
- $1.02B
- +$125.5M (+14.1%) vs. Q2 2025
- New holders
- 29
- 73 more added
- Sold out
- 20
- 46 more reduced
Compare with Q2 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.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 213 | $1.46B |
| Q1 2026 | 194 | $1.11B |
| Q4 2025 | 182 | $1.17B |
| Q3 2025 | 176 | $1.02B |
| Q2 2025 | 167 | $890.0M |
| Q1 2025 | 182 | $879.7M |
| Q4 2024 | 187 | $934.4M |
| Q3 2024 | 187 | $1.12B |
| Q2 2024 | 186 | $1.07B |
| Q1 2024 | 180 | $1.18B |
| Q4 2023 | 190 | $1.33B |
| Q3 2023 | 188 | $1.33B |
| Q2 2023 | 202 | $1.44B |
| Q1 2023 | 222 | $1.50B |
| Q4 2022 | 225 | $1.56B |
| Q3 2022 | 191 | $1.01B |
| Q2 2022 | 185 | $992.8M |
| Q1 2022 | 172 | $1.51B |
| Q4 2021 | 161 | $1.15B |
| Q3 2021 | 149 | $1.21B |
| Q2 2021 | 170 | $1.60B |
| Q1 2021 | 143 | $1.37B |
Institutions, Q3 2025
Shares, value and share of portfolio for each institution holding Gerdau S.A.; share changes are against Q2 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| FMR LLC | 85,298,306 | $264.4M | 0.01% | −23,792,874−21.8% | Reduced |
| Capital International Investors | 31,046,243 | $96.2M | 0.02% | +581,958+1.9% | Added |
| Contrarian Capital Management, L.L.C. | 19,069,112 | $59.1M | 14.92% | 00.0% | Unchanged |
| Aquamarine Financial (Cayman) Ltd | 17,801,228 | $55.2M | 5.66% | +17,801,228 | New |
| Donald Smith & Co., Inc. | 16,229,292 | $50.3M | 1.00% | +10,256,832+171.7% | Added |
| Bank of America Corp | 15,894,871 | $49.3M | 0.00% | +2,910,482+22.4% | Added |
| Dimensional Fund Advisors LP | 12,044,353 | $37.3M | 0.01% | −402,361−3.2% | Reduced |
| Renaissance Technologies LLC | 10,857,148 | $33.7M | 0.04% | +613,547+6.0% | Added |
| Itau Unibanco Holding S.A. | 9,956,261 | $30.9M | 1.06% | +5,919,661+146.6% | Added |
| Two Sigma Investments, LP | 7,491,210 | $23.2M | 0.04% | −299,818−3.8% | Reduced |
| Causeway Capital Management LLC | 7,189,270 | $22.3M | 0.29% | +4,519,092+169.2% | Added |
| BlackRock, Inc. | 7,003,117 | $21.7M | 0.00% | −17,624−0.3% | Reduced |
| Morgan Stanley | 6,687,098 | $20.7M | 0.00% | +2,379,654+55.2% | Added |
| Optiver Holding B.V. | 5,435,331 | $16.8M | 0.27% | +1,752,282+47.6% | Added |
| Goldman Sachs Group Inc | 5,212,804 | $16.2M | 0.00% | +1,765,478+51.2% | Added |
| American Century Companies Inc | 4,821,008 | $14.9M | 0.01% | +804,259+20.0% | Added |
| SPX Equities Gestao de Recursos Ltda | 4,491,042 | $13.9M | 1.17% | +1,621,938+56.5% | Added |
| State Street Corp | 3,340,545 | $10.4M | 0.00% | +99,928+3.1% | Added |
| Vanguard Group Inc | 3,255,593 | $10.1M | 0.00% | +83,883+2.6% | Added |
| Two Sigma Advisers, LP | 3,219,360 | $9.98M | 0.02% | −2,447,700−43.2% | Reduced |
| D. E. Shaw & Co., Inc. | 3,166,259 | $9.82M | 0.01% | +740,017+30.5% | Added |
| FIL Ltd | 3,042,520 | $9.43M | 0.01% | +149,856+5.2% | Added |
| Mackenzie Financial Corp | 2,280,093 | $7.07M | 0.01% | +735,721+47.6% | Added |
| Kawa Capital Management, Inc | 2,094,404 | $6.49M | 11.77% | 00.0% | Unchanged |
| UBS Group AG | 2,091,144 | $6.48M | 0.00% | +18,111+0.9% | Added |
| Millennium Management LLC | 2,029,799 | $6.29M | 0.00% | −1,524,592−42.9% | Reduced |
| Citadel Advisors LLC | 2,008,015 | $6.22M | 0.00% | −11,133,591−84.7% | Reduced |
| UBS Asset Management Americas Inc | 1,990,880 | $6.17M | 0.00% | +1,990,880 | New |
| Marshall Wace, LLP | 1,952,413 | $6.05M | 0.01% | +1,212,940+164.0% | Added |
| Kapitalo Investimentos Ltda | 1,921,865 | $5.96M | 1.12% | +1,921,865 | New |
| Engineers Gate Manager LP | 1,627,043 | $5.04M | 0.06% | +1,627,043 | New |
| Sagil Capital LLP | 1,567,825 | $4.86M | 2.93% | +1,567,825 | New |
| Amundi | 1,319,223 | $4.30M | 0.00% | +193,062+17.1% | Added |
| Schonfeld Strategic Advisors LLC | 1,280,109 | $3.97M | 0.03% | +1,200,547+1,508.9% | Added |
| Van Eck Associates Corp | 1,272,140 | $3.94M | 0.00% | +241,564+23.4% | Added |
| AXA Investment Managers S.A. | 1,024,392 | $3.18M | 0.01% | +1,024,392 | New |
| Northern Trust Corp | 980,248 | $3.04M | 0.00% | +79,754+8.9% | Added |
| Capital International Sarl | 952,005 | $2.95M | 0.05% | +106,317+12.6% | Added |
| Massachusetts Financial Services Co | 940,472 | $2.92M | 0.00% | +352,870+60.1% | Added |
| Cubist Systematic Strategies, LLC | 925,457 | $2.87M | 0.04% | −1,023,248−52.5% | Reduced |
| Connor, Clark & Lunn Investment Management Ltd. | 851,660 | $2.64M | 0.01% | −32,362−3.7% | Reduced |
| Legal & General Group Plc | 840,628 | $2.60M | 0.00% | 00.0% | Unchanged |
| HSBC Holdings PLC | 795,543 | $2.47M | 0.00% | −10,258−1.3% | Reduced |
| Susquehanna International Group, LLP | 768,232 | $2.38M | 0.00% | +675,148+725.3% | Added |
| Aquatic Capital Management LLC | 687,466 | $2.13M | 0.04% | +392,003+132.7% | Added |
| Grantham, Mayo, Van Otterloo & Co. LLC | 641,323 | $1.99M | 0.01% | −60,697−8.6% | Reduced |
| Qube Research & Technologies Ltd | 591,604 | $1.83M | 0.00% | +591,604 | New |
| Capital International Ltd | 586,778 | $1.82M | 0.07% | 00.0% | Unchanged |
| Virtus Family Office LLC | 575,069 | $1.78M | 1.67% | +123,911+27.5% | Added |
| Virtu Financial LLC | 424,385 | $1.32M | 0.07% | +334,899+374.2% | Added |
| Fisher Asset Management, LLC | 404,981 | $1.26M | 0.00% | 00.0% | Unchanged |
| Guggenheim Capital LLC | 397,574 | $1.23M | 0.01% | +26,007+7.0% | Added |
| Quantbot Technologies LP | 390,443 | $1.21M | 0.03% | −32,418−7.7% | Reduced |
| Point72 Asset Management, L.P. | 378,600 | $1.17M | 0.00% | +130,000+52.3% | Added |
| Squarepoint Ops LLC | 331,132 | $1.03M | 0.00% | +290,894+722.9% | Added |
| Ci Investments Inc. | 317,443 | $984.0K | 0.00% | −11,298−3.4% | Reduced |
| Gsa Capital Partners LLP | 316,396 | $981.0K | 0.08% | +316,396 | New |
| XTX Topco Ltd | 315,043 | $976.6K | 0.05% | +299,081+1,873.7% | Added |
| Commonwealth Equity Services, LLC | 280,616 | $870.0K | 0.00% | −9,611−3.3% | Reduced |
| Invesco Ltd. | 272,160 | $843.7K | 0.00% | +341+0.1% | Added |
| Robeco Institutional Asset Management B.V. | 262,341 | $813.3K | 0.00% | +199,115+314.9% | Added |
| STRS Ohio | 259,660 | $804.9K | 0.00% | 00.0% | Unchanged |
| ARGA Investment Management, LP | 252,387 | $782.4K | 0.02% | +25,940+11.5% | Added |
| Ethic Inc. | 248,660 | $770.8K | 0.01% | +38,834+18.5% | Added |
| Balyasny Asset Management LLC | 246,998 | $765.7K | 0.00% | +246,998 | New |
| JPMorgan Chase & Co | 238,635 | $739.8K | 0.00% | −184,732−43.6% | Reduced |
| Capital International Inc | 216,167 | $670.1K | 0.01% | −428,477−66.5% | Reduced |
| Neuberger Berman Group LLC | 214,077 | $663.6K | 0.00% | +943+0.4% | Added |
| AQR Capital Management LLC | 200,213 | $620.7K | 0.00% | −7,872−3.8% | Reduced |
| Acadian Asset Management LLC | 185,766 | $574.0K | 0.00% | −681,901−78.6% | Reduced |
| Hennion & Walsh Asset Management, Inc. | 179,788 | $557.3K | 0.02% | −1,213−0.7% | Reduced |
| Hartree Partners, LP | 179,090 | $555.2K | 0.19% | +179,090 | New |
| BNP Paribas Arbitrage, SA | 179,070 | $555.1K | 0.00% | −464,304−72.2% | Reduced |
| Daiwa Securities Group Inc. | 149,536 | $464.0K | 0.00% | +76,000+103.4% | Added |
| Creative Planning | 148,658 | $460.8K | 0.00% | +78,579+112.1% | Added |
| Toroso Investments, LLC | 141,512 | $438.7K | 0.00% | +141,512 | New |
| Capital Group Investment Management Pte. Ltd. | 130,150 | $403.5K | 0.07% | 00.0% | Unchanged |
| MQS Management LLC | 117,779 | $365.1K | 0.21% | +117,779 | New |
| Provida Pension Fund Administrator | 111,709 | $346.3K | 0.01% | 00.0% | Unchanged |
| Citigroup Inc | 111,254 | $344.9K | 0.00% | −488,312−81.4% | Reduced |
| Centiva Capital, LP | 111,156 | $344.6K | 0.03% | +111,156 | New |
| Marex Group plc | 103,099 | $319.6K | 0.00% | +103,099 | New |
| Vident Advisory, LLC | 103,051 | $319.5K | 0.00% | +35,435+52.4% | Added |
| Truist Financial Corp | 102,483 | $317.7K | 0.00% | +10,279+11.1% | Added |
| HRT Financial LP | 94,268 | $292.0K | 0.00% | +26,436+39.0% | Added |
| Integrated Wealth Concepts LLC | 94,031 | $291.5K | 0.00% | +2,385+2.6% | Added |
| RBF Capital, LLC | 90,000 | $279.0K | 0.01% | 00.0% | Unchanged |
| Stratos Wealth Partners, LTD. | 88,200 | $273.4K | 0.00% | 00.0% | Unchanged |
| VPR Management LLC | 86,242 | $267.4K | 0.12% | 00.0% | Unchanged |
| SEI Investments Co | 76,663 | $237.7K | 0.00% | −9,265−10.8% | Reduced |
| Crossmark Global Holdings, Inc. | 74,784 | $231.8K | 0.00% | 00.0% | Unchanged |
| Cambridge Investment Research Advisors, Inc. | 70,968 | $220.0K | 0.00% | −17,975−20.2% | Reduced |
| Mirae Asset Global Investments Co., Ltd. | 69,261 | $214.7K | 0.00% | −2,088−2.9% | Reduced |
| CAPROCK Group, Inc. | 68,430 | $210.8K | 0.01% | +68,430 | New |
| Sequoia Financial Advisors, LLC | 64,735 | $200.7K | 0.00% | +4,189+6.9% | Added |
| LGT Group Foundation | 58,160 | $183.2K | 0.00% | −66,430−53.3% | Reduced |
| Banco BTG Pactual S.A. | 55,000 | $170.5K | 0.02% | −206,800−79.0% | Reduced |
| BSW Wealth Partners | 51,269 | $158.9K | 0.02% | −21,322−29.4% | Reduced |
| CoreCommodity Management, LLC | 48,408 | $150.1K | 0.03% | +25,764+113.8% | Added |
| Rhumbline Advisers | 47,569 | $147.5K | 0.00% | +322+0.7% | Added |