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 |
|---|---|---|---|---|---|
| VPR Management LLC | 86,242 | $318.2K | 0.14% | 00.0% | Unchanged |
| Stratos Wealth Partners, LTD. | 88,200 | $325.5K | 0.00% | 00.0% | Unchanged |
| RBF Capital, LLC | 90,000 | $332.1K | 0.02% | 00.0% | Unchanged |
| Daiwa Securities Group Inc. | 97,536 | $360.0K | 0.00% | −52,000−34.8% | Reduced |
| Truist Financial Corp | 103,153 | $380.6K | 0.00% | +670+0.7% | Added |
| Integrated Wealth Concepts LLC | 104,415 | $385.3K | 0.00% | +10,384+11.0% | Added |
| Citigroup Inc | 105,671 | $389.9K | 0.00% | −5,583−5.0% | Reduced |
| Squarepoint Ops LLC | 105,813 | $390.4K | 0.00% | −225,319−68.0% | Reduced |
| Bank of America Corp | 115,043 | $424.5K | 0.00% | −15,779,828−99.3% | Reduced |
| Capital Group Investment Management Pte. Ltd. | 117,331 | $433.0K | 0.07% | −12,819−9.8% | Reduced |
| Virtu Financial LLC | 119,006 | $439.0K | 0.02% | −305,379−72.0% | Reduced |
| Vident Advisory, LLC | 133,851 | $493.9K | 0.00% | +30,800+29.9% | Added |
| UBS Asset Management Americas Inc | 134,021 | $494.5K | 0.00% | −1,856,859−93.3% | Reduced |
| Gsa Capital Partners LLP | 140,640 | $519.0K | 0.04% | −175,756−55.5% | Reduced |
| Toroso Investments, LLC | 150,552 | $555.5K | 0.00% | +9,040+6.4% | Added |
| JPMorgan Chase & Co | 185,306 | $683.8K | 0.00% | −53,329−22.3% | Reduced |
| Neuberger Berman Group LLC | 192,899 | $711.8K | 0.00% | −21,178−9.9% | Reduced |
| Hartree Partners, LP | 210,000 | $774.9K | 0.28% | +30,910+17.3% | Added |
| Capital International Inc | 210,637 | $777.3K | 0.01% | −5,530−2.6% | Reduced |
| STRS Ohio | 221,039 | $815.6K | 0.00% | −38,621−14.9% | Reduced |
| ARGA Investment Management, LP | 241,625 | $891.6K | 0.02% | −10,762−4.3% | Reduced |
| Creative Planning | 263,111 | $970.9K | 0.00% | +114,453+77.0% | Added |
| Quantbot Technologies LP | 269,554 | $994.7K | 0.03% | −120,889−31.0% | Reduced |
| AQR Capital Management LLC | 272,723 | $1.01M | 0.00% | +72,510+36.2% | Added |
| SEI Investments Co | 282,193 | $1.04M | 0.00% | +205,530+268.1% | Added |
| Commonwealth Equity Services, LLC | 285,259 | $1.05M | 0.00% | +4,643+1.7% | Added |
| Invesco Ltd. | 286,302 | $1.06M | 0.00% | +14,142+5.2% | Added |
| Ethic Inc. | 297,228 | $1.10M | 0.02% | +48,568+19.5% | Added |
| Susquehanna International Group, LLP | 298,309 | $1.10M | 0.00% | −469,923−61.2% | Reduced |
| Ci Investments Inc. | 317,443 | $1.17M | 0.01% | 00.0% | Unchanged |
| Fisher Asset Management, LLC | 406,181 | $1.50M | 0.00% | +1,200+0.3% | Added |
| Guggenheim Capital LLC | 406,644 | $1.50M | 0.01% | +9,070+2.3% | Added |
| Two Sigma Advisers, LP | 525,580 | $1.94M | 0.00% | −2,693,780−83.7% | Reduced |
| Capital International Ltd | 527,933 | $1.95M | 0.07% | −58,845−10.0% | Reduced |
| Schonfeld Strategic Advisors LLC | 545,963 | $2.01M | 0.01% | −734,146−57.4% | Reduced |
| Navi International - Administradora e Gestora de Recursos Financeiros Ltda. | 550,000 | $2.03M | 1.28% | +550,000 | New |
| Virtus Family Office LLC | 574,870 | $2.12M | 1.83% | −1990.0% | Reduced |
| Grantham, Mayo, Van Otterloo & Co. LLC | 586,191 | $2.16M | 0.01% | −55,132−8.6% | Reduced |
| XTX Topco Ltd | 588,619 | $2.17M | 0.06% | +273,576+86.8% | Added |
| Acadian Asset Management LLC | 598,087 | $2.21M | 0.00% | +412,321+222.0% | Added |
| Connor, Clark & Lunn Investment Management Ltd. | 719,207 | $2.65M | 0.01% | −132,453−15.6% | Reduced |
| Quadrature Capital Ltd | 784,361 | $2.89M | 0.03% | +784,361 | New |
| Banque Cantonale Vaudoise | 800,000 | $2.95M | 0.11% | +800,000 | New |
| HSBC Holdings PLC | 822,772 | $3.04M | 0.00% | +27,229+3.4% | Added |
| Van Eck Associates Corp | 833,545 | $3.08M | 0.00% | −438,595−34.5% | Reduced |
| Legal & General Group Plc | 840,628 | $3.10M | 0.00% | 00.0% | Unchanged |
| Russell Investments Group, Ltd. | 869,699 | $3.24M | 0.00% | +869,699 | New |
| Capital International Sarl | 934,528 | $3.45M | 0.06% | −17,477−1.8% | Reduced |
| Northern Trust Corp | 1,017,007 | $3.75M | 0.00% | +36,759+3.7% | Added |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 1,024,392 | $3.78M | 0.00% | +1,024,392 | New |
| Aquatic Capital Management LLC | 1,028,902 | $3.80M | 0.11% | +341,436+49.7% | Added |
| Jane Street Group, LLC | 1,251,423 | $4.62M | 0.01% | +1,251,423 | New |
| Massachusetts Financial Services Co | 1,327,066 | $4.90M | 0.00% | +386,594+41.1% | Added |
| Amundi | 1,359,223 | $5.02M | 0.00% | +40,000+3.0% | Added |
| Sagil Capital LLP | 1,567,825 | $5.79M | 3.62% | 00.0% | Unchanged |
| D. E. Shaw & Co., Inc. | 1,615,446 | $5.96M | 0.00% | −1,550,813−49.0% | Reduced |
| Marshall Wace, LLP | 1,882,450 | $6.95M | 0.01% | −69,963−3.6% | Reduced |
| Jump Financial, LLC | 2,005,343 | $7.40M | 0.09% | +2,005,343 | New |
| Point72 Asset Management, L.P. | 2,072,395 | $7.65M | 0.01% | +1,693,795+447.4% | Added |
| Vanguard Group Inc | 2,199,360 | $8.12M | 0.00% | −1,056,233−32.4% | Reduced |
| Optiver Holding B.V. | 2,530,923 | $9.34M | 0.17% | −2,904,408−53.4% | Reduced |
| FIL Ltd | 2,544,394 | $9.39M | 0.01% | −498,126−16.4% | Reduced |
| Goldman Sachs Group Inc | 2,626,041 | $9.69M | 0.00% | −2,586,763−49.6% | Reduced |
| UBS Group AG | 3,034,398 | $11.2M | 0.00% | +943,254+45.1% | Added |
| Millennium Management LLC | 3,505,150 | $12.9M | 0.01% | +1,475,351+72.7% | Added |
| State Street Corp | 3,531,028 | $13.0M | 0.00% | +190,483+5.7% | Added |
| Two Sigma Investments, LP | 3,751,067 | $13.8M | 0.02% | −3,740,143−49.9% | Reduced |
| Mackenzie Financial Corp | 4,117,253 | $15.3M | 0.02% | +1,837,160+80.6% | Added |
| SPX Equities Gestao de Recursos Ltda | 4,894,496 | $18.1M | 1.85% | +403,454+9.0% | Added |
| American Century Companies Inc | 5,424,093 | $20.0M | 0.01% | +603,085+12.5% | Added |
| Morgan Stanley | 5,802,585 | $21.4M | 0.00% | −884,513−13.2% | Reduced |
| Citadel Advisors LLC | 6,067,900 | $22.4M | 0.02% | +4,059,885+202.2% | Added |
| Renaissance Technologies LLC | 6,211,324 | $22.9M | 0.04% | −4,645,824−42.8% | Reduced |
| BlackRock, Inc. | 7,067,528 | $26.1M | 0.00% | +64,411+0.9% | Added |
| Causeway Capital Management LLC | 7,259,433 | $26.8M | 0.37% | +70,163+1.0% | Added |
| Itau Unibanco Holding S.A. | 8,744,732 | $32.3M | 0.80% | −1,211,529−12.2% | Reduced |
| Dimensional Fund Advisors LP | 12,059,942 | $44.5M | 0.01% | +15,589+0.1% | Added |
| Contrarian Capital Management, L.L.C. | 19,069,112 | $70.4M | 18.53% | 00.0% | Unchanged |
| Aquamarine Financial (Cayman) Ltd | 19,526,171 | $72.1M | 5.87% | +1,724,943+9.7% | Added |
| Donald Smith & Co., Inc. | 24,211,588 | $89.3M | 1.67% | +7,982,296+49.2% | Added |
| Capital International Investors | 27,415,434 | $101.2M | 0.02% | −3,630,809−11.7% | Reduced |
| FMR LLC | 98,651,805 | $364.0M | 0.02% | +13,353,499+15.7% | Added |
| Kawa Capital Management, Inc | 0 | $0 | 0.00% | −2,094,404−100.0% | Sold out |
| Kapitalo Investimentos Ltda | 0 | $0 | 0.00% | −1,921,865−100.0% | Sold out |
| Qube Research & Technologies Ltd | 0 | $0 | 0.00% | −591,604−100.0% | Sold out |
| Balyasny Asset Management LLC | 0 | $0 | 0.00% | −246,998−100.0% | Sold out |
| Hennion & Walsh Asset Management, Inc. | 0 | $0 | 0.00% | −179,788−100.0% | Sold out |
| MQS Management LLC | 0 | $0 | 0.00% | −117,779−100.0% | Sold out |
| Provida Pension Fund Administrator | 0 | $0 | 0.00% | −111,709−100.0% | Sold out |
| Centiva Capital, LP | 0 | $0 | 0.00% | −111,156−100.0% | Sold out |
| HRT Financial LP | 0 | $0 | 0.00% | −94,268−100.0% | Sold out |
| Banco BTG Pactual S.A. | 0 | $0 | 0.00% | −55,000−100.0% | Sold out |
| Farringdon Capital, Ltd. | 0 | $0 | 0.00% | −37,377−100.0% | Sold out |
| Dark Forest Capital Management LP | 0 | $0 | 0.00% | −22,969−100.0% | Sold out |
| R Squared Ltd | 0 | $0 | 0.00% | −22,853−100.0% | Sold out |
| Barclays PLC | 0 | $0 | 0.00% | −15,935−100.0% | Sold out |
| Regatta Capital Group, LLC | 0 | $0 | 0.00% | −15,089−100.0% | Sold out |
| Rehmann Capital Advisory Group | 0 | $0 | 0.00% | −13,320−100.0% | Sold out |
| Aster Capital Management (DIFC) Ltd | 0 | $0 | 0.00% | −10,909−100.0% | Sold out |
| Heritage Investors Management Corp | 0 | $0 | 0.00% | −10,571−100.0% | Sold out |