Gerdau

GGB • NYSE

Gerdau is a publicly traded company on NYSE. As of Q3 2025, 157 institutional investors hold shares in this company, with total holdings valued at $946.4M. FMR LLC is the largest holder with a position valued at $264.4M.

Employees27.4K

Websitegerdau.com

Overview

Overview of institutional ownership in GGB as of Q3 2025

All Institutions

Institutions: 157
Value Held: $946.4M
Shares Held: 305.2M
Avg Position: $6.0M
Median Position: $214.7K

Hedge Funds

Hedge Funds: 20
Value Held: $162.0M
Shares Held: 52.3M
Avg Position: $8.1M
Median Position: $1.7M

Biggest Investors

Institutions with the largest positions in GGB as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
FMR LLC Institution	-	$264.4M 0.01% of portfolio	0.00% 85.3M shares	Q4 2022 Held for 2y 11m	$1.92T
C Capital International Investors Institution	-	$96.2M 0.02% of portfolio	0.00% 31.0M shares	Q4 2022 Held for 2y 11m	$615.90B
CONTRARIAN CAPITAL MANAGEMENT, L.L.C. Hedge Fund•Distressed	Jon Robert Bauer Managing Partner	$59.1M 15.47% of portfolio	0.00% 19.1M shares	Q4 2022 Held for 2y 11m	$382.0M
DONALD SMITH & CO., INC. Long Only Manager	Richard Lawrence Greenberg CEO	$50.3M 1.00% of portfolio	0.00% 16.2M shares	Q2 2025 Held for 5 months	$5.0B
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$49.3M 0.00% of portfolio	0.00% 15.9M shares	Q4 2022 Held for 2y 11m	$1.33T
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$37.3M 0.01% of portfolio	0.00% 12.0M shares	Q1 2023 Held for 2y 8m	$466.32B
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	Peter Fitzhugh Brown CEO	$33.7M 0.04% of portfolio	0.00% 10.9M shares	Q1 2024 Held for 1y 8m	$75.8B
I Itau Unibanco Holding S.A. Institution	-	$30.9M 1.05% of portfolio	0.00% 10.0M shares	Q2 2025 Held for 5 months	$2.9B
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	Scott David Hoffman CEO	$23.2M 0.04% of portfolio	0.00% 7.5M shares	Q4 2022 Held for 2y 11m	$62.0B
CAUSEWAY CAPITAL MANAGEMENT LLC Long Only Manager	Sarah Hotchkis Ketterer CEO	$22.3M 0.29% of portfolio	0.00% 7.2M shares	Q1 2023 Held for 2y 8m	$7.6B

Net Capital Flow

Institutional buying and selling activity for GGB in Q3 2025

Traded: +$14.5M
Buyers: 95
Sellers: 53
Total Bought: +$152.8M
Total Sold: −$138.3M
Avg Position: $5.3M

Biggest Buyers

Institution	Net Bought	Current Position
DONALD SMITH & CO., INC. Long Only Manager	+$31.8M +10.3M shares	$50.3M 16.2M shares
I Itau Unibanco Holding S.A. Institution	+$18.4M +5.9M shares	$30.9M 10.0M shares
CAUSEWAY CAPITAL MANAGEMENT LLC Long Only Manager	+$14.0M +4.5M shares	$22.3M 7.2M shares
BANK OF AMERICA CORP /DE/ Institution	+$9.0M +2.9M shares	$49.3M 15.9M shares
MORGAN STANLEY RIA/Wealth	+$7.4M +2.4M shares	$20.7M 6.7M shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	+$6.2M +2.0M shares	$6.2M 2.0M shares
K Kapitalo Investimentos Ltda Institution	+$6.0M +1.9M shares	$6.0M 1.9M shares
GOLDMAN SACHS GROUP INC Institution	+$5.5M +1.8M shares	$16.2M 5.2M shares
O Optiver Holding B.V. Institution	+$5.4M +1.8M shares	$16.8M 5.4M shares
Engineers Gate Manager LP Hedge Fund•Quant	+$5.0M +1.6M shares	$5.0M 1.6M shares

Biggest Sellers

Institution	Net Sold	Current Position
FMR LLC Institution	−$73.8M −23.8M shares	$264.4M 85.3M shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$34.5M −11.1M shares	$6.2M 2.0M shares
TWO SIGMA ADVISERS, LLC Hedge Fund•Multi-Strategy	−$7.6M −2.4M shares	$10.0M 3.2M shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$4.7M −1.5M shares	$6.3M 2.0M shares
C Cubist Systematic Strategies, LLC Institution	−$3.2M −1.0M shares	$2.9M 925.5K shares
A AXA Institution	−$3.0M −1.0M shares	Sold Off 0 shares
CITIGROUP INC Institution	−$1.5M −488.3K shares	$344.9K 111.3K shares
B BNP PARIBAS ARBITRAGE, SA Institution	−$1.4M −464.3K shares	$555.1K 179.1K shares
CAPITAL INTERNATIONAL INC /CA/ Long Only Manager	−$1.3M −428.5K shares	$670.1K 216.2K shares
DIMENSIONAL FUND ADVISORS LP Long Only Manager	−$1.2M −402.4K shares	$37.3M 12.0M shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited GGB in Q3 2025

New Positions: 13
New Value: $863.0K
Exited Positions: 19
Exited Value: $5.5M

New Positions

Institution	Position Value
H Hartree Partners, LP Institution	$555.2K 179.1K shares
P PharVision Advisers, LLC Hedge Fund•Long/Short	$68.4K 22.1K shares
REGATTA CAPITAL GROUP, LLC RIA/Wealth	$46.8K 15.1K shares
COLDSTREAM CAPITAL MANAGEMENT INC RIA/Wealth	$37.1K 12.0K shares
IEQ CAPITAL, LLC RIA/Wealth	$35.6K 11.5K shares
Aster Capital Management Ltd RIA/Wealth	$33.8K 10.9K shares
Wealthstream Advisors, Inc. RIA/Wealth	$32.2K 10.4K shares
MML INVESTORS SERVICES, LLC RIA/Wealth	$31.1K 10.0K shares
S State of Wyoming Institution	$22.7K 7.3K shares
S SG Americas Securities, LLC Institution	- - shares

Exited Positions

Institution	Previous Position
A AXA Institution	$3.0M 1.0M shares
R Russell Investments Group, Ltd. RIA/Wealth	$1.1M 361.9K shares
B Banco Santander, S.A. Institution	$500.3K 171.3K shares
J JANE STREET GROUP, LLC Institution	$451.9K 154.8K shares
Advisors Asset Management, Inc. ETF Provider	$96.0K 32.9K shares
L LPL Financial LLC Institution	$89.3K 30.6K shares
PEKIN SINGER STRAUSS ASSET MANAGEMENT /IL RIA/Wealth	$75.9K 26.0K shares
Abacus Wealth Partners, LLC RIA/Wealth	$66.6K 22.8K shares
Tradition Wealth Management, LLC RIA/Wealth	$58.4K 20.0K shares
W WETHERBY ASSET MANAGEMENT INC RIA/Wealth	$41.9K 14.3K shares

Options Activity

Institutions with the largest Call and Put options positions in GGB as of Q3 2025

Call Positions: 3
Call Value: $62.5K
Put Positions: 2
Put Value: $80.6K

Call Positions

Institution	Position Value
W WOLVERINE TRADING, LLC Institution	$62.5K 201.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	- - contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	- - contracts

Put Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$80.6K 260.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	- - contracts

Most Committed Institutions

Institutions with GGB as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
CONTRARIAN CAPITAL MANAGEMENT, L.L.C. Hedge Fund•Distressed	Jon Robert Bauer Managing Partner	15.47% $59.1M	0.00% 19.1M shares	Q4 2022 Held for 2y 11m	$382.0M
Kawa Capital Management, Inc Hedge Fund•Multi-Strategy	Daniel Ades CEO	11.77% $6.5M	0.00% 2.1M shares	Q2 2025 Held for 5 months	$55.2M
S Sagil Capital LLP Institution	-	3.81% $4.9M	0.00% 1.6M shares	Q2 2025 Held for 5 months	$127.5M
Virtus Family Office LLC Family Office	Norma Angelica Peralta Morales CCO	1.67% $1.8M	0.00% 575.1K shares	Q2 2023 Held for 2y 5m	$106.4M
S SPX Equities Gestao de Recursos Ltda Institution	-	1.17% $13.9M	0.00% 4.5M shares	Q2 2025 Held for 5 months	$1.2B
K Kapitalo Investimentos Ltda Institution	-	1.12% $6.0M	0.00% 1.9M shares	Q1 2025 Held for 8 months	$533.2M
I Itau Unibanco Holding S.A. Institution	-	1.05% $30.9M	0.00% 10.0M shares	Q2 2025 Held for 5 months	$2.9B
DONALD SMITH & CO., INC. Long Only Manager	Richard Lawrence Greenberg CEO	1.00% $50.3M	0.00% 16.2M shares	Q2 2025 Held for 5 months	$5.0B
CAUSEWAY CAPITAL MANAGEMENT LLC Long Only Manager	Sarah Hotchkis Ketterer CEO	0.29% $22.3M	0.00% 7.2M shares	Q1 2023 Held for 2y 8m	$7.6B
O Optiver Holding B.V. Institution	-	0.28% $16.8M	0.00% 5.4M shares	Q4 2024 Held for 11 months	$6.1B

Hedge Fund Spotlight

Discover hedge funds investing in GGB

CoreCommodity Management, LLC

Hedge Fund • Global Macro

Portfolio ManagerBradford L Klein

Portfolio Value: $551.0M
Positions: 127
Last Reported: Q3 2025

Sector Allocation

Position in Gerdau

Market Value: $150.1K
Shares Held: 48.4K
Portfolio Weight: 0.03%
Owned Since: 2025-Q1

Top Holding	Sector	Market Value	Weight
1 CCNR Financial Investors Trust ALPS/CoreCommodity Natural Resources ETF CCNR	Unknown Unknown	$357.5M	64.88%
2 Hudbay Minerals HBM	Copper Basic Materials	$6.6M	1.20%
3 CNH Industrial N.V. CNH	Agricultural - Machinery Industrials	$5.4M	0.98%

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