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, Q4 2025
Institutional positions in Gerdau S.A. as of Dec 31, 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
- 182
- +9 vs. Q3 2025
- Shares held
- 315.9M
- −9.63M (−3.0%) vs. Q3 2025
- Total value
- $1.17B
- +$156.5M (+15.5%) vs. Q3 2025
- New holders
- 29
- 61 more added
- Sold out
- 20
- 62 more reduced
3 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q3 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, Q4 2025
Shares, value and share of portfolio for each institution holding Gerdau S.A.; share changes are against Q3 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| FMR LLC | 98,651,805 | $364.0M | 0.02% | +13,353,499+15.7% | Added |
| Capital International Investors | 27,415,434 | $101.2M | 0.02% | −3,630,809−11.7% | Reduced |
| Donald Smith & Co., Inc. | 24,211,588 | $89.3M | 1.67% | +7,982,296+49.2% | Added |
| Aquamarine Financial (Cayman) Ltd | 19,526,171 | $72.1M | 5.87% | +1,724,943+9.7% | Added |
| Contrarian Capital Management, L.L.C. | 19,069,112 | $70.4M | 18.53% | 00.0% | Unchanged |
| Dimensional Fund Advisors LP | 12,059,942 | $44.5M | 0.01% | +15,589+0.1% | Added |
| Itau Unibanco Holding S.A. | 8,744,732 | $32.3M | 0.80% | −1,211,529−12.2% | Reduced |
| Causeway Capital Management LLC | 7,259,433 | $26.8M | 0.37% | +70,163+1.0% | Added |
| BlackRock, Inc. | 7,067,528 | $26.1M | 0.00% | +64,411+0.9% | Added |
| Renaissance Technologies LLC | 6,211,324 | $22.9M | 0.04% | −4,645,824−42.8% | Reduced |
| Citadel Advisors LLC | 6,067,900 | $22.4M | 0.02% | +4,059,885+202.2% | Added |
| Morgan Stanley | 5,802,585 | $21.4M | 0.00% | −884,513−13.2% | Reduced |
| American Century Companies Inc | 5,424,093 | $20.0M | 0.01% | +603,085+12.5% | Added |
| SPX Equities Gestao de Recursos Ltda | 4,894,496 | $18.1M | 1.85% | +403,454+9.0% | Added |
| Mackenzie Financial Corp | 4,117,253 | $15.3M | 0.02% | +1,837,160+80.6% | Added |
| Two Sigma Investments, LP | 3,751,067 | $13.8M | 0.02% | −3,740,143−49.9% | Reduced |
| State Street Corp | 3,531,028 | $13.0M | 0.00% | +190,483+5.7% | Added |
| Millennium Management LLC | 3,505,150 | $12.9M | 0.01% | +1,475,351+72.7% | Added |
| UBS Group AG | 3,034,398 | $11.2M | 0.00% | +943,254+45.1% | Added |
| Goldman Sachs Group Inc | 2,626,041 | $9.69M | 0.00% | −2,586,763−49.6% | Reduced |
| FIL Ltd | 2,544,394 | $9.39M | 0.01% | −498,126−16.4% | Reduced |
| Optiver Holding B.V. | 2,530,923 | $9.34M | 0.17% | −2,904,408−53.4% | Reduced |
| Vanguard Group Inc | 2,199,360 | $8.12M | 0.00% | −1,056,233−32.4% | Reduced |
| Point72 Asset Management, L.P. | 2,072,395 | $7.65M | 0.01% | +1,693,795+447.4% | Added |
| Jump Financial, LLC | 2,005,343 | $7.40M | 0.09% | +2,005,343 | New |
| Marshall Wace, LLP | 1,882,450 | $6.95M | 0.01% | −69,963−3.6% | Reduced |
| D. E. Shaw & Co., Inc. | 1,615,446 | $5.96M | 0.00% | −1,550,813−49.0% | Reduced |
| Sagil Capital LLP | 1,567,825 | $5.79M | 3.62% | 00.0% | Unchanged |
| Amundi | 1,359,223 | $5.02M | 0.00% | +40,000+3.0% | Added |
| Massachusetts Financial Services Co | 1,327,066 | $4.90M | 0.00% | +386,594+41.1% | Added |
| Jane Street Group, LLC | 1,251,423 | $4.62M | 0.01% | +1,251,423 | New |
| Aquatic Capital Management LLC | 1,028,902 | $3.80M | 0.11% | +341,436+49.7% | Added |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 1,024,392 | $3.78M | 0.00% | +1,024,392 | New |
| Northern Trust Corp | 1,017,007 | $3.75M | 0.00% | +36,759+3.7% | Added |
| Capital International Sarl | 934,528 | $3.45M | 0.06% | −17,477−1.8% | Reduced |
| Russell Investments Group, Ltd. | 869,699 | $3.24M | 0.00% | +869,699 | New |
| Legal & General Group Plc | 840,628 | $3.10M | 0.00% | 00.0% | Unchanged |
| Van Eck Associates Corp | 833,545 | $3.08M | 0.00% | −438,595−34.5% | Reduced |
| HSBC Holdings PLC | 822,772 | $3.04M | 0.00% | +27,229+3.4% | Added |
| Banque Cantonale Vaudoise | 800,000 | $2.95M | 0.11% | +800,000 | New |
| Quadrature Capital Ltd | 784,361 | $2.89M | 0.03% | +784,361 | New |
| Connor, Clark & Lunn Investment Management Ltd. | 719,207 | $2.65M | 0.01% | −132,453−15.6% | Reduced |
| Acadian Asset Management LLC | 598,087 | $2.21M | 0.00% | +412,321+222.0% | Added |
| XTX Topco Ltd | 588,619 | $2.17M | 0.06% | +273,576+86.8% | Added |
| Grantham, Mayo, Van Otterloo & Co. LLC | 586,191 | $2.16M | 0.01% | −55,132−8.6% | Reduced |
| Virtus Family Office LLC | 574,870 | $2.12M | 1.83% | −1990.0% | Reduced |
| Navi International - Administradora e Gestora de Recursos Financeiros Ltda. | 550,000 | $2.03M | 1.28% | +550,000 | New |
| Schonfeld Strategic Advisors LLC | 545,963 | $2.01M | 0.01% | −734,146−57.4% | Reduced |
| Capital International Ltd | 527,933 | $1.95M | 0.07% | −58,845−10.0% | Reduced |
| Two Sigma Advisers, LP | 525,580 | $1.94M | 0.00% | −2,693,780−83.7% | Reduced |
| Guggenheim Capital LLC | 406,644 | $1.50M | 0.01% | +9,070+2.3% | Added |
| Fisher Asset Management, LLC | 406,181 | $1.50M | 0.00% | +1,200+0.3% | Added |
| Ci Investments Inc. | 317,443 | $1.17M | 0.01% | 00.0% | Unchanged |
| Susquehanna International Group, LLP | 298,309 | $1.10M | 0.00% | −469,923−61.2% | Reduced |
| Ethic Inc. | 297,228 | $1.10M | 0.02% | +48,568+19.5% | Added |
| Invesco Ltd. | 286,302 | $1.06M | 0.00% | +14,142+5.2% | Added |
| Commonwealth Equity Services, LLC | 285,259 | $1.05M | 0.00% | +4,643+1.7% | Added |
| SEI Investments Co | 282,193 | $1.04M | 0.00% | +205,530+268.1% | Added |
| AQR Capital Management LLC | 272,723 | $1.01M | 0.00% | +72,510+36.2% | Added |
| Quantbot Technologies LP | 269,554 | $994.7K | 0.03% | −120,889−31.0% | Reduced |
| Creative Planning | 263,111 | $970.9K | 0.00% | +114,453+77.0% | Added |
| ARGA Investment Management, LP | 241,625 | $891.6K | 0.02% | −10,762−4.3% | Reduced |
| STRS Ohio | 221,039 | $815.6K | 0.00% | −38,621−14.9% | Reduced |
| Capital International Inc | 210,637 | $777.3K | 0.01% | −5,530−2.6% | Reduced |
| Hartree Partners, LP | 210,000 | $774.9K | 0.28% | +30,910+17.3% | Added |
| Neuberger Berman Group LLC | 192,899 | $711.8K | 0.00% | −21,178−9.9% | Reduced |
| JPMorgan Chase & Co | 185,306 | $683.8K | 0.00% | −53,329−22.3% | Reduced |
| Toroso Investments, LLC | 150,552 | $555.5K | 0.00% | +9,040+6.4% | Added |
| Gsa Capital Partners LLP | 140,640 | $519.0K | 0.04% | −175,756−55.5% | Reduced |
| UBS Asset Management Americas Inc | 134,021 | $494.5K | 0.00% | −1,856,859−93.3% | Reduced |
| Vident Advisory, LLC | 133,851 | $493.9K | 0.00% | +30,800+29.9% | Added |
| Virtu Financial LLC | 119,006 | $439.0K | 0.02% | −305,379−72.0% | Reduced |
| Capital Group Investment Management Pte. Ltd. | 117,331 | $433.0K | 0.07% | −12,819−9.8% | Reduced |
| Bank of America Corp | 115,043 | $424.5K | 0.00% | −15,779,828−99.3% | Reduced |
| Squarepoint Ops LLC | 105,813 | $390.4K | 0.00% | −225,319−68.0% | Reduced |
| Citigroup Inc | 105,671 | $389.9K | 0.00% | −5,583−5.0% | Reduced |
| Integrated Wealth Concepts LLC | 104,415 | $385.3K | 0.00% | +10,384+11.0% | Added |
| Truist Financial Corp | 103,153 | $380.6K | 0.00% | +670+0.7% | Added |
| Daiwa Securities Group Inc. | 97,536 | $360.0K | 0.00% | −52,000−34.8% | Reduced |
| RBF Capital, LLC | 90,000 | $332.1K | 0.02% | 00.0% | Unchanged |
| Stratos Wealth Partners, LTD. | 88,200 | $325.5K | 0.00% | 00.0% | Unchanged |
| VPR Management LLC | 86,242 | $318.2K | 0.14% | 00.0% | Unchanged |
| Robeco Institutional Asset Management B.V. | 80,595 | $297.4K | 0.00% | −181,746−69.3% | Reduced |
| BNP Paribas Arbitrage, SA | 75,751 | $279.5K | 0.00% | −103,319−57.7% | Reduced |
| Crossmark Global Holdings, Inc. | 74,784 | $276.0K | 0.00% | 00.0% | Unchanged |
| Sequoia Financial Advisors, LLC | 72,343 | $266.9K | 0.00% | +7,608+11.8% | Added |
| Mirae Asset Global Investments Co., Ltd. | 70,202 | $259.0K | 0.00% | +941+1.4% | Added |
| Flow Traders U.S. LLC | 65,056 | $240.0K | 0.01% | +65,056 | New |
| LGT Group Foundation | 58,160 | $216.4K | 0.00% | 00.0% | Unchanged |
| CAPROCK Group, Inc. | 58,540 | $216.0K | 0.00% | −9,890−14.5% | Reduced |
| BSW Wealth Partners | 53,697 | $198.1K | 0.02% | +2,428+4.7% | Added |
| CoreCommodity Management, LLC | 48,408 | $178.6K | 0.04% | 00.0% | Unchanged |
| JustInvest LLC | 48,279 | $178.2K | 0.00% | +2,600+5.7% | Added |
| Engineers Gate Manager LP | 47,879 | $176.7K | 0.00% | −1,579,164−97.1% | Reduced |
| Quadrant Capital Group LLC | 46,894 | $173.0K | 0.01% | 00.0% | Unchanged |
| Inspire Advisors, LLC | 45,249 | $167.0K | 0.02% | −1,402−3.0% | Reduced |
| Marex Group plc | 43,843 | $161.8K | 0.00% | −59,256−57.5% | Reduced |
| Rhumbline Advisers | 41,639 | $153.7K | 0.00% | −5,930−12.5% | Reduced |
| Pathstone Holdings, LLC | 41,401 | $152.8K | 0.00% | +8,904+27.4% | Added |
| Cambridge Investment Research Advisors, Inc. | 38,717 | $143.0K | 0.00% | −32,251−45.4% | Reduced |