GGB GERDAU S.A.
Executive Summary
Institutional cluster in GGB (GERDAU S.A.) reveals divergent positioning: Causeway Capital doubled its stake (+169.2%, adding $14.5M) and other active managers added shares, while Citadel nearly exited (-84.7%, selling $32.1M). Net aggregate shows slight selling of $6.4M, but the buying conviction from active managers signals potential undervaluation.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$6.4M
▲ Buyers (4)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Causeway Capital | DOUBLED | +169.2% | $22.3M | $14.5M |
| Morgan Stanley | ADD | +55.2% | $20.7M | $8.2M |
| D.E. Shaw | ADD | +30.5% | $9.8M | $2.7M |
| Point72 | ADD | +52.3% | $1.2M | $448.0K |
▼ Sellers (2)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Citadel | NEAR_EXIT | -84.7% | $38.4M | -$32.1M |
| Wells Fargo | TRIM | -49.8% | $151.0K | -$70.5K |
Actionable Insight
The divergence between aggressive buying by Causeway and near-exit by Citadel creates uncertainty. Monitor upcoming earnings and steel price trends for catalyst confirmation. If additional active managers follow Causeway, it could signal a buying opportunity.
Key Facts
- Causeway Capital doubled its GGB position to 7.19M shares worth $22.3M, a $14.5M increase.
- Citadel reduced holdings by 11.1M shares, exiting 84.7% of its position, removing $32.1M in value.
- D.E. Shaw, Morgan Stanley, and Point72 added shares, collectively increasing holdings by $11.3M.
- Wells Fargo trimmed marginally, selling $71K worth.
- Net institutional activity was mixed: buyers added $25.8M, sellers reduced $32.2M, resulting in net selling of $6.4M.
Financial Impact
Net institutional selling of approximately $6.4M (0.07% of market cap) but active managers added $25.8M vs passive/quant sellers reducing $32.2M.
Risk Factors
- Continued selling by Citadel could pressure shares in the near term.
- Steel cycle headwinds or macroeconomic weakness could undermine the bullish thesis.
- 13F disclosure lag (45 days) means positions may have already been adjusted.
Market Snapshot
Documents Analyzed
This report is based on 1 institutional 13F filing from SEC EDGAR.
| Document | Accession Number |
|---|---|
| INST-CLUSTER Data (Synthetic) | inst-cluster-GGB-2025-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 15, 2026
3d ago
|
6-K
| $4.62 $4.49 | ▼ −2.81% | ▼ −1.57% | — |
|
Jun 11, 2026
7d ago
|
Institutional Cluster
| $4.66 $4.75 | ▲ +1.93% | ▲ +1.39% | — |
|
Jun 3, 2026
15d ago
|
Insider Cluster
| $4.71 $4.59 | ▼ −2.55% | ▲ +0.05% | — |
|
May 28, 2026
21d ago
|
Insider Cluster
| $4.50 $4.56 | ▲ +1.33% | ▲ +1.06% | — |
|
May 22, 2026
27d ago
|
Insider Cluster
| $4.75 $4.68 | ▼ −1.47% | ▼ −2.06% | — |
|
May 5, 2026
6w ago
|
Insider Cluster
| $4.80 $4.93 | ▲ +2.71% | ▲ +1.32% | — |
|
Apr 28, 2026
7w ago
|
6-K
| $4.51 $4.43 | ▼ −1.77% | ▼ −1.76% | — |
|
Apr 28, 2026
7w ago
|
Insider Cluster
| $4.51 $4.43 | ▼ −1.77% | ▼ −1.76% | — |
|
Apr 28, 2026
7w ago
|
Insider Cluster
| $4.51 $4.43 | ▼ −1.77% | ▼ −1.76% | — |
|
Apr 28, 2026
7w ago
|
Insider Cluster
| $4.51 $4.43 | ▼ −1.77% | ▼ −1.76% | — |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access