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Steel Dynamics Inc

STLD
Exchange
Nasdaq
Industry
Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens)
SEC CIK
0001022671

No open-market purchases or sales by Steel Dynamics Inc insiders were filed in the last 90 days; 1,023 institutions reported holding it in 13F filings for Q2 2026, worth $27.3B in total; no superinvestor holds it.

13F holders, Q4 2025

Institutional positions in Steel Dynamics Inc 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
915
+129 vs. Q3 2025
Shares held
120.6M
+9.27M (+8.3%) vs. Q3 2025
Total value
$20.4B
+$4.92B (+31.7%) vs. Q3 2025
New holders
178
296 more added
Sold out
49
299 more reduced

18 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 STLD 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 holdersQ4 2025: 915 institutions
Q1 2021: 491 institutionsQ2 2021: 521 institutionsQ3 2021: 545 institutionsQ4 2021: 573 institutionsQ1 2022: 608 institutionsQ2 2022: 601 institutionsQ3 2022: 588 institutionsQ4 2022: 676 institutionsQ1 2023: 721 institutionsQ2 2023: 705 institutionsQ3 2023: 691 institutionsQ4 2023: 768 institutionsQ1 2024: 780 institutionsQ2 2024: 784 institutionsQ3 2024: 790 institutionsQ4 2024: 795 institutionsQ1 2025: 808 institutionsQ2 2025: 815 institutionsQ3 2025: 804 institutionsQ4 2025: 915 institutionsQ1 2026: 939 institutionsQ2 2026: 1,023 institutions
Value heldQ4 2025: $20.4B
Q1 2021: $8.76BQ2 2021: $9.91BQ3 2021: $9.39BQ4 2021: $9.83BQ1 2022: $12.9BQ2 2022: $9.77BQ3 2022: $10.1BQ4 2022: $14.1BQ1 2023: $16.0BQ2 2023: $14.9BQ3 2023: $14.5BQ4 2023: $15.5BQ1 2024: $19.2BQ2 2024: $16.7BQ3 2024: $15.6BQ4 2024: $14.1BQ1 2025: $15.3BQ2 2025: $15.2BQ3 2025: $15.5BQ4 2025: $20.4BQ1 2026: $21.2BQ2 2026: $27.3B
Institutions holding STLD and their total value by quarter
QuarterHoldersValue
Q2 20261,023$27.3B
Q1 2026939$21.2B
Q4 2025915$20.4B
Q3 2025804$15.5B
Q2 2025815$15.2B
Q1 2025808$15.3B
Q4 2024795$14.1B
Q3 2024790$15.6B
Q2 2024784$16.7B
Q1 2024780$19.2B
Q4 2023768$15.5B
Q3 2023691$14.5B
Q2 2023705$14.9B
Q1 2023721$16.0B
Q4 2022676$14.1B
Q3 2022588$10.1B
Q2 2022601$9.77B
Q1 2022608$12.9B
Q4 2021573$9.83B
Q3 2021545$9.39B
Q2 2021521$9.91B
Q1 2021491$8.76B

Institutions, Q4 2025

Shares, value and share of portfolio for each institution holding Steel Dynamics Inc; share changes are against Q3 2025.

Institutions holding STLD in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Omers Administration Corp6,366$1.08M0.01%−19,333−75.2%Reduced
New Mexico Educational Retirement Board6,400$1.08M0.03%+200+3.2%Added
Tokio Marine Asset Management Co Ltd6,399$1.08M0.04%+53+0.8%Added
Qtron Investments LLC6,411$1.09M0.14%−572−8.2%Reduced
Redwood Investment Management, LLC6,522$1.10M0.12%+6,522New
Wiley Bros.-Aintree Capital, LLC6,543$1.11M0.01%+467+7.7%Added
HB Wealth Management, LLC6,602$1.12M0.01%+452+7.3%Added
Summit Trail Advisors, LLC6,613$1.12M0.02%−1,060−13.8%Reduced
Ci Investments Inc.6,634$1.12M0.00%+2,053+44.8%Added
Valeo Financial Advisors, LLC6,634$1.12M0.03%−5,328−44.5%Reduced
TradeWell Securities, LLC.6,698$1.13M0.44%+12+0.2%Added
Maryland State Retirement & Pension System6,886$1.17M0.02%−400−5.5%Reduced
Econ Financial Services Corp6,908$1.17M0.59%+6,908New
Harbour Investments, Inc.6,955$1.18M0.02%+92+1.3%Added
Morningstar Investment Management LLC6,955$1.18M0.07%00.0%Unchanged
Partners in Financial Planning6,970$1.18M0.20%00.0%Unchanged
Louisiana State Employees Retirement System7,000$1.19M0.02%−300−4.1%Reduced
Banco Santander, S.A.7,020$1.19M0.01%+1,300+22.7%Added
Allspring Global Investments Holdings, LLC6,856$1.21M0.00%+627+10.1%Added
Ashton Thomas Private Wealth, LLC7,129$1.21M0.03%−135−1.9%Reduced
Fifth Third Bancorp7,161$1.21M0.00%+319+4.7%Added
Polymer Capital Management (US) LLC7,167$1.21M0.16%−9,152−56.1%Reduced
Commerce Bank7,215$1.22M0.01%+214+3.1%Added
Laird Norton Trust Company, LLC7,218$1.23M0.03%+7,218New
Campbell & CO Investment Adviser LLC7,242$1.23M0.06%−18,045−71.4%Reduced
Shearwater Capital LLC7,291$1.24M0.71%00.0%Unchanged
Sterling Capital Management LLC7,429$1.26M0.02%−443−5.6%Reduced
Nations Financial Group Inc,7,458$1.26M0.07%−623−7.7%Reduced
Fiduciary Trust Co7,579$1.28M0.01%−198−2.5%Reduced
Kingsview Wealth Management, LLC7,579$1.28M0.02%+761+11.2%Added
Norinchukin Bank, The7,593$1.29M0.01%+326+4.5%Added
BKD Wealth Advisors, LLC7,702$1.31M0.02%+191+2.5%Added
Gulf International Bank (UK) Ltd7,752$1.31M0.04%+130+1.7%Added
James Investment Research Inc7,787$1.32M0.14%+7,787New
Kestra Advisory Services, LLC7,864$1.33M0.01%+1,267+19.2%Added
Atria Investments LLC7,868$1.33M0.02%+281+3.7%Added
Hartford Investment Management Co7,937$1.34M0.04%−152−1.9%Reduced
DMG Group, LLC7,953$1.35M0.90%+701+9.7%Added
Jones Financial Companies LLLP7,969$1.35M0.00%+1,500+23.2%Added
Brevan Howard Capital Management LP7,976$1.35M0.03%+7,976New
Icon Advisers Inc8,000$1.36M0.29%+8,000New
Callan Family Office, LLC8,032$1.36M0.03%+2,624+48.5%Added
Stance Capital LLC8,072$1.37M0.50%+7,921+5,245.7%Added
Sowell Financial Services LLC8,106$1.37M0.05%+190+2.4%Added
Davy Global Fund Management Ltd8,135$1.38M0.10%−1,352−14.3%Reduced
Delphi Management Inc8,161$1.38M1.35%+6,526+399.1%Added
Oppenheimer & Co Inc8,167$1.38M0.02%−8−0.1%Reduced
Boothbay Fund Management, LLC8,252$1.40M0.04%+3,262+65.4%Added
Fruth Investment Management8,400$1.42M0.38%00.0%Unchanged
Merit Financial Group, LLC8,462$1.43M0.01%+290+3.5%Added
Purkiss Capital Advisors LLC8,471$1.44M0.67%−20.0%Reduced
Crossmark Global Holdings, Inc.8,597$1.46M0.02%+896+11.6%Added
First National Trust Co8,657$1.47M0.05%+5+0.1%Added
Old National Bancorp8,706$1.48M0.02%−848−8.9%Reduced
Banco Bilbao Vizcaya Argentaria, S.A.8,758$1.48M0.01%−2,195−20.0%Reduced
Kentucky Retirement Systems8,819$1.49M0.04%00.0%Unchanged
Voloridge Investment Management, LLC8,823$1.50M0.01%−484,161−98.2%Reduced
Oak Thistle LLC8,849$1.50M0.21%+5,999+210.5%Added
Allstate Corp8,889$1.51M0.02%+4,554+105.1%Added
CIBC World Markets Inc.8,943$1.52M0.00%+45+0.5%Added
Vestmark Advisory Solutions, Inc.9,071$1.54M0.02%+9,071New
Quadrant Capital Group LLC9,204$1.56M0.05%−29−0.3%Reduced
Intech Investment Management LLC9,367$1.59M0.01%−69,717−88.2%Reduced
AG2R la Mondiale Gestion D'Actifs9,502$1.61M0.07%+1,912+25.2%Added
VCI Wealth Management LLC9,540$1.62M0.45%+2,677+39.0%Added
Fideuram Asset Management (Ireland) dac12,375$1.62M0.13%+12,375New
PensionDanmark Pensionsforsikringsaktieselskab9,650$1.64M0.01%+9,650New
M&T Bank Corp9,712$1.65M0.01%+2,322+31.4%Added
Lido Advisors, LLC10,450$1.65M0.01%+205+2.0%Added
Fulton Bank, N.A.9,791$1.66M0.06%+1,457+17.5%Added
Vident Advisory, LLC9,799$1.66M0.02%−468−4.6%Reduced
Signaturefd, LLC9,857$1.67M0.03%−433−4.2%Reduced
Mizuho Securities USA LLC9,995$1.68M0.03%−83−0.8%Reduced
Groupama Asset Managment9,955$1.69M0.02%00.0%Unchanged
Assetmark, Inc10,047$1.70M0.00%−446−4.3%Reduced
Scotia Capital Inc.10,251$1.74M0.01%−105−1.0%Reduced
Sequoia Financial Advisors, LLC10,554$1.79M0.01%+4,208+66.3%Added
XTX Topco Ltd10,673$1.81M0.05%+3,814+55.6%Added
MMCAP International Inc. SPC10,711$1.81M0.18%−4,600−30.0%Reduced
Natixis10,761$1.82M0.01%−18,338−63.0%Reduced
Sandler Capital Management10,790$1.83M0.82%+4,948+84.7%Added
Caption Management, LLC11,000$1.86M0.08%+11,000New
Adams Natural Resources Fund, Inc.11,026$1.87M0.28%00.0%Unchanged
Teachers Retirement System of the State of Kentucky11,077$1.88M0.01%00.0%Unchanged
Nemes Rush Group LLC11,078$1.88M0.18%−55−0.5%Reduced
Investment Management Corp of Ontario11,113$1.88M0.03%+4,555+69.5%Added
Mfg Wealth Management, Inc.11,176$1.89M1.48%−138−1.2%Reduced
Allworth Financial LP11,254$1.91M0.01%−132−1.2%Reduced
Simplex Trading, LLC11,295$1.91M0.05%+11,295New
Dai-Ichi Life Insurance Company, Ltd11,443$1.94M0.05%00.0%Unchanged
Pacer Advisors, Inc.11,562$1.96M0.01%−2,427−17.3%Reduced
Ramirez Asset Management, Inc.11,604$1.97M0.26%00.0%Unchanged
Orion Resource Partners LP11,684$1.98M0.97%+11,684New
Canada Post Corp Registered Pension Plan11,692$1.98M0.08%+4,835+70.5%Added
Stablepoint Partners, LLC11,810$2.00M0.31%−100−0.8%Reduced
TriaGen Wealth Management LLC12,017$2.04M0.53%+12,017New
CX Institutional12,154$2.06M0.06%+244+2.0%Added
GWM Advisors LLC12,269$2.08M0.01%+123+1.0%Added
Unison Advisors LLC12,283$2.09M0.18%+41+0.3%Added
Sustainable Insight Capital Management, LLC12,437$2.11M0.70%+12,437New