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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
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main12,578$2.13M0.00%00.0%Unchanged
Banque Cantonale Vaudoise12,798$2.17M0.08%−2,042−13.8%Reduced
Greenfield Savings Bank12,885$2.18M0.92%−72−0.6%Reduced
Public Employees Retirement Association of Colorado13,047$2.21M0.01%00.0%Unchanged
Private Advisor Group, LLC13,259$2.25M0.01%+13,259New
Colony Group, LLC13,295$2.25M0.00%+8,928+204.4%Added
Waycross Investment Management Co13,341$2.26M1.99%−100−0.7%Reduced
Donoghue Forlines LLC13,384$2.27M0.70%+13,384New
Kayne Anderson Rudnick Investment Management LLC13,401$2.27M0.01%−117−0.9%Reduced
Rafferty Asset Management, LLC13,698$2.32M0.01%+1,897+16.1%Added
State of Alaska, Department of Revenue13,718$2.32M0.02%−1,170−7.9%Reduced
Great Lakes Advisors, LLC13,827$2.34M0.02%−152−1.1%Reduced
AustralianSuper Pty Ltd14,012$2.37M0.01%00.0%Unchanged
IMC-Chicago, LLC14,135$2.40M0.04%+14,135New
Group One Trading, L.P.14,179$2.40M0.07%+14,179New
Advisors Asset Management, Inc.14,408$2.44M0.04%+1,728+13.6%Added
La Banque Postale Asset Management SA14,507$2.46M0.03%−552−3.7%Reduced
Abc Arbitrage SA14,681$2.49M0.23%+14,681New
Quest Partners LLC14,732$2.50M0.14%+9,787+197.9%Added
Mutual of America Capital Management LLC14,737$2.50M0.03%−259−1.7%Reduced
STAR Financial Bank14,982$2.54M1.30%+25+0.2%Added
Hudson Bay Capital Management LP15,267$2.59M0.01%+5,178+51.3%Added
OP Asset Management Ltd15,273$2.59M0.03%00.0%Unchanged
US Bancorp15,442$2.62M0.00%+673+4.6%Added
Oregon Public Employees Retirement Fund15,710$2.66M0.03%−100−0.6%Reduced
Nikko Asset Management Americas, Inc.15,903$2.69M0.03%−548−3.3%Reduced
CWM Advisors, LLC15,967$2.71M0.24%+564+3.7%Added
NEOS Investment Management LLC16,005$2.71M0.02%+2,474+18.3%Added
Venture Visionary Partners LLC16,100$2.73M0.09%−242−1.5%Reduced
Sciencast Management LP16,792$2.85M0.39%+16,792New
Harbour Capital Advisors, LLC16,372$2.88M0.59%+1,779+12.2%Added
Yousif Capital Management, LLC16,798$2.89M0.03%−1,468−8.0%Reduced
Janus Henderson Group PLC17,210$2.92M0.00%−1,847−9.7%Reduced
SummitTX Capital, L.P.17,252$2.92M0.09%+15,052+684.2%Added
HRT Financial LP17,472$2.96M0.01%+17,472New
Public Sector Pension Investment Board17,475$2.96M0.01%+5,832+50.1%Added
Metis Global Partners, LLC17,587$2.98M0.07%−1,943−9.9%Reduced
Edgestream Partners, L.P.17,763$3.01M0.08%−18,579−51.1%Reduced
Nissay Asset Management Corp17,944$3.04M0.02%+25+0.1%Added
Candriam Luxembourg S.C.A.18,118$3.07M0.02%+3,567+24.5%Added
Pathstone Holdings, LLC18,191$3.08M0.01%+688+3.9%Added
Macquarie Group Ltd18,230$3.09M0.01%−230,557−92.7%Reduced
Rakuten Investment Management, Inc.18,167$3.14M0.01%−43,458−70.5%Reduced
Ethic Inc.18,548$3.14M0.05%+6,695+56.5%Added
Concord Asset Management, LLC18,741$3.18M0.55%+28+0.1%Added
Bank of Nova Scotia18,816$3.19M0.00%+5,195+38.1%Added
New York Life Investment Management LLC18,886$3.20M0.03%+27+0.1%Added
Concord Wealth Partners18,946$3.21M0.42%+463+2.5%Added
CIBC World Markets Corp19,185$3.25M0.02%+19,185New
Toroso Investments, LLC19,439$3.29M0.01%−9,803−33.5%Reduced
Sumitomo Mitsui DS Asset Management Company, Ltd19,602$3.32M0.03%+2,559+15.0%Added
Abn Amro Investment Solutions19,779$3.35M0.05%+2,233+12.7%Added
Steel Peak Wealth Management LLC19,912$3.38M0.11%+18,279+1,119.4%Added
Woodbridge Co Ltd20,053$3.40M0.01%+20,053New
Police & Firemen's Retirement System of New Jersey20,803$3.53M0.03%−1,877−8.3%Reduced
EP Wealth Advisors, LLC21,107$3.58M0.02%+21,107New
Mariner, LLC21,120$3.58M0.00%−9,493−31.0%Reduced
Comerica Bank21,145$3.58M0.01%−695−3.2%Reduced
RMB Capital Management, LLC21,668$3.67M0.06%+39+0.2%Added
Susquehanna Portfolio Strategies, LLC21,696$3.68M0.06%00.0%Unchanged
Ofi Invest Asset Management25,507$3.68M0.05%−10,632−29.4%Reduced
Artemis Investment Management LLP21,812$3.70M0.04%+3,484+19.0%Added
VGI Partners Ltd21,861$3.70M0.21%+21,861New
Van Hulzen Asset Management, LLC21,992$3.73M0.27%+564+2.6%Added
M. Kulyk & Associates, LLC22,197$3.76M0.72%+300+1.4%Added
Stiles Financial Services Inc22,439$3.80M1.17%−97−0.4%Reduced
Janney Montgomery Scott LLC22,640$3.84M0.01%−434−1.9%Reduced
L & S Advisors Inc22,643$3.84M0.35%−1,607−6.6%Reduced
Advisory Research Inc22,827$3.87M0.49%+474+2.1%Added
Xponance, Inc.22,903$3.88M0.03%+1,108+5.1%Added
Utah Retirement Systems23,015$3.90M0.04%−166−0.7%Reduced
Schonfeld Strategic Advisors LLC23,237$3.94M0.02%−251,624−91.5%Reduced
Woodline Partners LP23,469$3.98M0.02%−78,447−77.0%Reduced
Mackenzie Financial Corp24,258$4.14M0.00%+5,780+31.3%Added
JustInvest LLC24,474$4.15M0.04%+1,366+5.9%Added
Larson Financial Group LLC24,498$4.15M0.14%+5,457+28.7%Added
British Columbia Investment Management Corp24,776$4.20M0.02%+4,506+22.2%Added
Cary Street Partners Financial LLC24,892$4.22M0.10%+852+3.5%Added
Federated Hermes, Inc.24,943$4.23M0.01%+2,886+13.1%Added
Atlantic Union Bankshares Corp25,000$4.24M0.08%−3,000−10.7%Reduced
Mirae Asset Global Investments Co., Ltd.25,536$4.33M0.01%+3,942+18.3%Added
Rockefeller Capital Management L.P.25,640$4.34M0.01%+801+3.2%Added
Karani Asset Management LLC25,829$4.38M3.84%−806−3.0%Reduced
IFM Investors Pty Ltd25,862$4.38M0.04%−584−2.2%Reduced
Turas Capital Management LP26,000$4.41M1.48%+26,000New
Tredje AP-fonden26,047$4.41M0.03%−4,641−15.1%Reduced
Cohen & Steers, Inc.26,128$4.43M0.01%+26,128New
Leavell Investment Management, Inc.26,066$4.43M0.18%+50+0.2%Added
Dana Investment Advisors, Inc.26,202$4.44M0.13%−44−0.2%Reduced
Forsta Ap-Fonden26,600$4.51M0.03%−2,900−9.8%Reduced
The PNC Financial Services Group, Inc.27,306$4.63M0.00%+2,219+8.8%Added
Wealthfront Advisers LLC27,856$4.72M0.01%+981+3.7%Added
CWM, LLC27,890$4.73M0.01%−4,109−12.8%Reduced
Teacher Retirement System of Texas27,954$4.74M0.02%−35,921−56.2%Reduced
Lombard Odier Asset Management (Switzerland) SA28,233$4.78M0.20%+28,233New
Cornerstone Wealth Group, LLC28,421$4.82M0.33%−325−1.1%Reduced
Cambridge Investment Research Advisors, Inc.28,471$4.82M0.01%+49+0.2%Added
Howard Capital Management Inc.28,660$4.86M0.06%+50.0%Added
Amalgamated Bank28,918$4.90M0.04%+1,918+7.1%Added
Voya Investment Management LLC29,123$4.93M0.00%−2,159−6.9%Reduced