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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
Fisher Asset Management, LLC105,083$17.8M0.01%+70,205+201.3%Added
Fisher Funds Management LTD104,541$17.7M0.46%00.0%Unchanged
LPL Financial LLC102,365$17.3M0.00%−11,221−9.9%Reduced
Bailard, Inc.102,031$17.3M0.38%+865+0.9%Added
Eurizon Capital SGR S.p.A.98,759$16.7M0.05%+98,759New
Cerity Partners LLC97,919$16.6M0.02%+42,156+75.6%Added
Silvercrest Asset Management Group LLC95,875$16.2M0.11%+851+0.9%Added
Jennison Associates LLC93,182$15.8M0.01%+93,182New
Sprott Inc.91,191$15.5M0.55%+1,199+1.3%Added
Paradiem, LLC89,585$15.2M3.63%−2,932−3.2%Reduced
American Century Companies Inc89,470$15.2M0.01%−28,853−24.4%Reduced
Mitsubishi UFJ Trust & Banking Corp87,477$14.8M0.04%−38,456−30.5%Reduced
Kennedy Capital Management, Inc.86,847$14.7M0.31%−18,583−17.6%Reduced
New York State Common Retirement Fund86,258$14.6M0.02%−1,500−1.7%Reduced
Millennium Management LLC84,703$14.4M0.01%+26,389+45.3%Added
Fjarde Ap-Fonden /Fourth Swedish National Pension Fund83,637$14.2M0.12%+18,908+29.2%Added
Franklin Resources Inc82,942$14.1M0.00%−10,990−11.7%Reduced
Universal- Beteiligungs- und Servicegesellschaft mbH82,510$14.0M0.02%−2,959−3.5%Reduced
Manufacturers Life Insurance Company, The81,557$13.8M0.01%+508+0.6%Added
Great West Life Assurance Co81,521$13.8M0.02%−113,452−58.2%Reduced
BTC Capital Management, Inc.81,204$13.8M0.96%−7,244−8.2%Reduced
Prudential Financial Inc80,059$13.6M0.02%−12,563−13.6%Reduced
State of Wisconsin Investment Board79,868$13.5M0.03%+5,054+6.8%Added
Pictet Asset Management Holding SA78,948$13.4M0.01%−4,191−5.0%Reduced
Peregrine Capital Management LLC78,836$13.4M0.41%+7,608+10.7%Added
Nomura Asset Management Co Ltd77,557$13.1M0.03%−10,957−12.4%Reduced
Qube Research & Technologies Ltd74,829$12.7M0.02%−125,887−62.7%Reduced
Weiss Asset Management LP74,400$12.6M0.18%+74,400New
Gotham Asset Management, LLC73,194$12.4M0.05%+62,957+615.0%Added
Chevy Chase Trust Holdings, Inc.69,596$11.8M0.03%−1,023−1.4%Reduced
Quantinno Capital Management LP68,213$11.6M0.02%+24,368+55.6%Added
Panagora Asset Management Inc67,871$11.5M0.04%+58,188+600.9%Added
Zurcher Kantonalbank (Zurich Cantonalbank)66,839$11.3M0.02%+24,363+57.4%Added
SG Americas Securities, LLC66,768$11.3M0.01%+61,805+1,245.3%Added
ARS Investment Partners, LLC66,534$11.3M0.66%−130−0.2%Reduced
APG Asset Management N.V.75,443$10.9M0.03%+75,443New
Applied Finance Capital Management, LLC64,220$10.9M0.78%−7,573−10.5%Reduced
HighTower Advisors, LLC63,185$10.7M0.01%−4,088−6.1%Reduced
Sierra Summit Advisors LLC62,334$10.6M1.62%+59,209+1,894.7%Added
Captrust Financial Advisors60,371$10.2M0.02%+2,972+5.2%Added
Advisory Services Network, LLC60,112$10.2M0.14%+594+1.0%Added
Wellington Management Group LLP59,707$10.1M0.00%−25,809−30.2%Reduced
Raiffeisen Bank International AG59,391$10.1M0.13%+144+0.2%Added
Asset Management One Co.,Ltd.57,641$9.96M0.03%+393+0.7%Added
UniSuper Management Pty Ltd57,935$9.82M0.06%−17,740−23.4%Reduced
Treasurer of the State of North Carolina57,340$9.72M0.03%−5,816−9.2%Reduced
Boston Common Asset Management, LLC56,711$9.61M0.58%−11,767−17.2%Reduced
O'Shaughnessy Asset Management, LLC56,216$9.53M0.05%−70,452−55.6%Reduced
Mn Services Vermogensbeheer B.V.55,992$9.49M0.06%+2,792+5.2%Added
Osmosis Investment Management UK Ltd54,796$9.31M0.23%+54,796New
Daiwa Securities Group Inc.53,770$9.11M0.03%+3,240+6.4%Added
KLP Kapitalforvaltning AS53,400$9.07M0.04%−200−0.4%Reduced
Merewether Investment Management, LP53,400$9.05M0.21%−136,400−71.9%Reduced
Cambria Investment Management, L.P.52,062$8.82M0.51%−17,591−25.3%Reduced
ASR Vermogensbeheer N.V.51,702$8.76M0.10%−3,926−7.1%Reduced
Genus Capital Management Inc.51,504$8.73M1.02%−20,915−28.9%Reduced
Laffer Tengler Investments51,009$8.64M1.31%+2,871+6.0%Added
Fuller & Thaler Asset Management, Inc.50,762$8.60M0.03%+17,891+54.4%Added
State of New Jersey Common Pension Fund D50,514$8.56M0.03%00.0%Unchanged
Gateway Investment Advisers LLC50,348$8.53M0.08%−170.0%Reduced
Spinnaker Trust49,549$8.40M0.45%−550−1.1%Reduced
Canada Pension Plan Investment Board49,475$8.38M0.01%−6,035−10.9%Reduced
Nisa Investment Advisors, LLC48,553$8.25M0.03%+8,666+21.7%Added
TD Asset Management Inc48,524$8.22M0.01%−21,568−30.8%Reduced
SageGuard Financial Group, LLC48,347$8.19M1.30%+48,347New
Kinsale Capital Group, Inc.48,076$8.15M1.35%+2,166+4.7%Added
South Dakota Investment Council47,650$8.07M0.15%−11,400−19.3%Reduced
Public Employees Retirement System of Ohio46,999$7.96M0.02%−2,138−4.4%Reduced
CI Private Wealth, LLC46,817$7.93M0.01%−439−0.9%Reduced
Pathway Financial Advisers, LLC46,774$7.93M2.30%+1,794+4.0%Added
Truist Financial Corp46,717$7.92M0.01%+2,924+6.7%Added
Toronto Dominion Bank46,240$7.84M0.01%−5,931−11.4%Reduced
MUFG Securities EMEA plc45,628$7.73M0.09%+42,979+1,622.5%Added
Credit Agricole S A45,022$7.63M0.02%−20,111−30.9%Reduced
Mercer Global Advisors Inc43,725$7.41M0.01%−9,020−17.1%Reduced
Cetera Investment Advisers43,609$7.39M0.01%−940−2.1%Reduced
Signet Financial Management, LLC43,429$7.36M0.82%−232−0.5%Reduced
Lansforsakringar Fondforvaltning AB (publ)43,302$7.34M0.04%−4,610−9.6%Reduced
Resona Asset Management Co.,Ltd.42,864$7.29M0.04%−2,646−5.8%Reduced
Illinois Municipal Retirement Fund42,992$7.28M0.09%−1,919−4.3%Reduced
BNP PARIBAS ASSET MANAGEMENT Holding S.A.42,727$7.26M0.01%−12,846−23.1%Reduced
Swiss Life Asset Management Ltd42,376$7.18M0.04%+6,336+17.6%Added
M&G Plc41,203$6.96M0.04%+2,584+6.7%Added
Commonwealth Equity Services, LLC40,744$6.90M0.01%−6,800−14.3%Reduced
Alpine Woods Capital Investors, LLC40,039$6.78M1.62%−9,890−19.8%Reduced
Cartenna Capital, LP40,000$6.78M0.36%+40,000New
Arizona State Retirement System38,364$6.50M0.04%−3,370−8.1%Reduced
State of Michigan Retirement System38,360$6.50M0.03%−2,800−6.8%Reduced
MinichMacGregor Wealth Management, LLC38,255$6.48M1.17%+38,255New
Creative Planning37,992$6.44M0.00%+3,967+11.7%Added
Fideuram - Intesa Sanpaolo Private Banking S.P.A.37,560$6.36M0.23%+37,560New
Handelsbanken Fonder AB37,400$6.34M0.02%−1,900−4.8%Reduced
Wedge Capital Management L L P37,150$6.30M0.11%−14,862−28.6%Reduced
State of Tennessee, Treasury Department34,914$6.27M0.02%−45,976−56.8%Reduced
Pinebridge Investments LLC36,929$6.26M0.05%+36,929New
Czech National Bank36,197$6.13M0.04%+1,053+3.0%Added
Steward Partners Investment Advisory, LLC35,225$5.97M0.03%−6,548−15.7%Reduced
Natixis Advisors, L.P.35,030$5.94M0.01%−12,144−25.7%Reduced
Foster & Motley Inc34,601$5.86M0.31%−1,413−3.9%Reduced
CIBC Asset Management Inc34,489$5.84M0.01%+12,848+59.4%Added