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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
Millennium Management LLC84,703$14.4M0.01%+26,389+45.3%Added
New York State Common Retirement Fund86,258$14.6M0.02%−1,500−1.7%Reduced
Kennedy Capital Management, Inc.86,847$14.7M0.31%−18,583−17.6%Reduced
Mitsubishi UFJ Trust & Banking Corp87,477$14.8M0.04%−38,456−30.5%Reduced
American Century Companies Inc89,470$15.2M0.01%−28,853−24.4%Reduced
Paradiem, LLC89,585$15.2M3.63%−2,932−3.2%Reduced
Sprott Inc.91,191$15.5M0.55%+1,199+1.3%Added
Jennison Associates LLC93,182$15.8M0.01%+93,182New
Silvercrest Asset Management Group LLC95,875$16.2M0.11%+851+0.9%Added
Cerity Partners LLC97,919$16.6M0.02%+42,156+75.6%Added
Eurizon Capital SGR S.p.A.98,759$16.7M0.05%+98,759New
Bailard, Inc.102,031$17.3M0.38%+865+0.9%Added
LPL Financial LLC102,365$17.3M0.00%−11,221−9.9%Reduced
Fisher Funds Management LTD104,541$17.7M0.46%00.0%Unchanged
Fisher Asset Management, LLC105,083$17.8M0.01%+70,205+201.3%Added
Citadel Advisors LLC105,860$17.9M0.01%+69,579+191.8%Added
PBU - The Pension Fund of Early Childhood & Youth Educators111,645$18.9M0.27%+111,645New
National Bank of Canada112,871$19.1M0.02%+26,286+30.4%Added
Russell Investments Group, Ltd.116,838$19.8M0.02%−11,072−8.7%Reduced
SEI Investments Co117,731$20.0M0.02%+6,730+6.1%Added
Aviva PLC118,885$20.1M0.03%+5,612+5.0%Added
Scopus Asset Management, L.P.120,000$20.3M0.57%+70,000+140.0%Added
Brandywine Global Investment Management, LLC120,300$20.4M0.14%−46,167−27.7%Reduced
Lombard Odier Asset Management (Europe) Ltd122,089$20.7M1.05%+122,089New
Connor, Clark & Lunn Investment Management Ltd.122,194$20.7M0.05%+122,194New
New York State Teachers Retirement System122,465$20.8M0.04%+1,237+1.0%Added
DekaBank Deutsche Girozentrale142,906$20.8M0.04%00.0%Unchanged
BI Asset Management Fondsmaeglerselskab A/S125,367$21.2M0.19%−25,983−17.2%Reduced
Ninety One UK Ltd134,186$22.7M0.05%+14,323+11.9%Added
State Board of Administration of Florida Retirement System134,498$22.8M0.04%−5,419−3.9%Reduced
Grantham, Mayo, Van Otterloo & Co. LLC135,034$22.9M0.06%−19,705−12.7%Reduced
Korea Investment CORP137,116$23.2M0.05%+94,180+219.3%Added
Standard Life Aberdeen plc145,156$24.6M0.04%+2,305+1.6%Added
Adage Capital Partners GP, L.L.C.148,900$25.2M0.04%−82,100−35.5%Reduced
Royal Bank of Canada149,819$25.4M0.00%−155,272−50.9%Reduced
Ensign Peak Advisors, Inc151,572$25.7M0.05%−58,446−27.8%Reduced
Healthcare of Ontario Pension Plan Trust Fund153,347$26.0M0.04%+147,869+2,699.3%Added
STRS Ohio153,878$26.1M0.10%+10,519+7.3%Added
First Trust Advisors LP156,859$26.6M0.02%−30,923−16.5%Reduced
Nomura Asset Management International Inc.158,597$26.9M0.04%+158,597New
Citigroup Inc162,565$27.5M0.02%+24,475+17.7%Added
Hosking Partners LLP163,557$27.7M0.94%−470−0.3%Reduced
Baird Financial Group, Inc.163,977$27.8M0.04%−4,594−2.7%Reduced
Jane Street Group, LLC164,311$27.8M0.03%+150,043+1,051.6%Added
Principal Financial Group Inc165,967$28.1M0.01%+3,205+2.0%Added
California State Teachers Retirement System167,007$28.3M0.03%−2,675−1.6%Reduced
Winmill & Co. Inc168,747$28.6M7.63%00.0%Unchanged
Man Group plc176,974$30.0M0.06%−219,794−55.4%Reduced
Wells Fargo & Company183,416$31.1M0.01%+24,204+15.2%Added
Susquehanna Fundamental Investments, LLC189,938$32.2M1.10%00.0%Unchanged
Raymond James Financial Inc202,798$34.4M0.01%+33,837+20.0%Added
Envestnet Asset Management Inc219,245$37.2M0.01%−4,336−1.9%Reduced
Swedbank AB233,333$39.5M0.04%−100.0%Reduced
PFA Pension, Forsikringsaktieselskab232,286$39.7M0.11%+232,286New
Amundi243,900$41.3M0.01%−15,113−5.8%Reduced
Susquehanna International Group, LLP254,346$43.1M0.06%+218,806+615.7%Added
Rhumbline Advisers265,752$45.0M0.04%−15,726−5.6%Reduced
Danske Bank A/S275,625$46.7M0.11%+19,282+7.5%Added
Allianz Asset Management GmbH276,564$46.9M0.05%−102,551−27.1%Reduced
Van Eck Associates Corp277,190$47.0M0.04%+158,254+133.1%Added
Kames Capital plc279,893$47.4M0.56%+10,358+3.8%Added
California Public Employees Retirement System285,490$48.4M0.03%+3,772+1.3%Added
National Pension Service288,248$48.8M0.04%+241,279+513.7%Added
BNP Paribas Arbitrage, SA294,689$49.9M0.03%+513+0.2%Added
UBS Group AG305,333$51.7M0.01%−134,004−30.5%Reduced
Mitsubishi UFJ Kokusai Asset Management Co., Ltd.294,039$51.8M0.04%+16,022+5.8%Added
Bank of Montreal315,982$53.5M0.02%+7,944+2.6%Added
Schroder Investment Management Group326,698$55.4M0.04%+77,556+31.1%Added
Sumitomo Mitsui Trust Holdings, Inc.331,504$56.2M0.03%−6,725−2.0%Reduced
Sapient Capital LLC332,602$57.1M0.80%+320.0%Added
Barclays PLC337,228$57.1M0.02%−113,270−25.1%Reduced
AQR Capital Management LLC347,280$58.8M0.03%−55,905−13.9%Reduced
Swiss National Bank383,200$64.9M0.04%−23,400−5.8%Reduced
Ameriprise Financial Inc406,314$65.0M0.01%−116,632−22.3%Reduced
Alliancebernstein L.P.384,439$65.1M0.02%−37,265−8.8%Reduced
KBC Group NV473,045$80.2M0.18%−67,922−12.6%Reduced
Caisse de Depot Et Placement du Quebec480,429$81.4M0.14%−12,861−2.6%Reduced
Stifel Financial Corp503,504$85.3M0.08%−4,223−0.8%Reduced
Storebrand Asset Management AS527,670$89.4M0.24%−2,682−0.5%Reduced
1832 Asset Management L.P.551,048$93.4M0.12%+547,505+15,453.1%Added
Neuberger Berman Group LLC570,700$96.7M0.07%+247,790+76.7%Added
Legal & General Group Plc726,820$123.2M0.03%−100,533−12.2%Reduced
LSV Asset Management777,838$131.8M0.29%−194,647−20.0%Reduced
Bank of New York Mellon Corp905,151$153.4M0.03%+37,576+4.3%Added
Deutsche Bank AG965,674$163.6M0.05%−60,696−5.9%Reduced
Thrivent Financial for Lutherans965,896$163.7M0.29%−325,092−25.2%Reduced
HSBC Holdings PLC1,030,448$174.6M0.10%+494,828+92.4%Added
Mirae Asset Global ETFs Holdings Ltd.1,053,909$178.6M0.27%+7,118+0.7%Added
Bank of America Corp1,125,205$190.7M0.01%+122,285+12.2%Added
Nuveen, LLC1,212,587$205.5M0.05%+265,178+28.0%Added
FIL Ltd1,236,836$209.6M0.16%−177,670−12.6%Reduced
Goldman Sachs Group Inc1,239,920$210.1M0.03%+249,246+25.2%Added
JPMorgan Chase & Co1,308,702$221.8M0.01%+249,442+23.5%Added
Charles Schwab Investment Management Inc1,444,012$244.7M0.04%+9,173+0.6%Added
Royal London Asset Management Ltd1,526,106$258.6M0.54%−474,950−23.7%Reduced
UBS Asset Management Americas Inc1,537,091$260.5M0.06%−81,622−5.0%Reduced
Northern Trust Corp1,620,542$274.6M0.04%−54,650−3.3%Reduced
Lord, Abbett & Co. LLC1,629,401$276.1M0.85%+356,507+28.0%Added
Boston Partners1,793,630$304.0M0.31%+1,070,042+147.9%Added
Invesco Ltd.1,965,092$333.0M0.03%+116,379+6.3%Added