Gerdau SA -Spon ADRGGB

13F holders, Q1 2025 (March 31)
182holders −5
26new positions
32sold out
8famous investors
$2.84avg. 13F price*

At the end of Q1 2025, 182 institutions reported holding Gerdau SA -Spon ADR (GGB) in their 13F filings, down 5 from Q4 2024. 26 opened new positions and 32 sold out. The largest holders were FMR LLC ($276.0M), Capital International Investors ($86.5M) and Contrarian Capital Management, L.L.C. ($54.6M). 8 famous investors held it, including Jim Simons / Peter Brown (0.0% of Renaissance Technologies's portfolio), Jeremy Grantham (0.0% of GMO's portfolio) and Israel Englander (0.0% of Millennium Management's portfolio).

Company
Gerdau SA -Spon ADR
CUSIP
373737105
Latest filing quarter
Q2 2026

History

Number of 13F holders

050100150200250 Q1 2024: 180Q1 2024Q2 2024: 186Q2 2024Q3 2024: 187Q3 2024Q4 2024: 187Q4 2024Q1 2025: 182Q1 2025Q2 2025: 166Q2 2025Q3 2025: 176Q3 2025Q4 2025: 182Q4 2025Q1 2026: 194Q1 2026Q2 2026: 212Q2 2026

Total Exit/New Position Q4 2024 → Q1 2025

InstitutionsTotal Value
New Positions26$70.6M
Exits32$18.4M

All 13F filers, Q4 2024 → Q1 2025: 42,307,486 shares bought and 57,189,384 shares sold, net −14,881,898 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.

Ownership 182 holders

FMR LLC 0.02% Reduce -1.0% 97,172,321 $276.0M
Capital International Investors 0.02% No change 30,447,379 $86.5M
Contrarian Capital Management, L.L.C. 14.02% No change 19,219,112 $54.6M
Dimensional Fund Advisors LP 0.01% Reduce -1.2% 13,069,870 $37.1M
Two Sigma Investments, LP 0.07% Reduce -21.5% 11,615,659 $33.0M
Encompass Capital Advisors LLC 1.16% New 10,610,617 $30.1M
Two Sigma Advisers, LP 0.06% Reduce -21.1% 9,977,660 $28.3M
Morgan Stanley 0.00% Reduce -50.8% 9,275,886 $26.3M
Renaissance Technologies 0.04% Add +49.6% 8,386,024 $23.8M
BlackRock, Inc. 0.00% Add +1.8% 8,227,939 $23.4M
Carrhae Capital LLP 2.17% New 6,568,703 $18.7M
Marshall Wace, LLP 0.02% Reduce -0.6% 5,669,312 $16.1M
Bank of America Corp. 0.00% Reduce -51.0% 4,944,575 $14.0M
Millennium Management 0.01% Add +54.6% 4,363,764 $12.4M
Sagil Capital LLP 9.62% New 3,900,000 $11.1M
American Century Companies Inc. 0.01% Add +8.8% 3,650,409 $10.4M
GMO 0.03% Reduce -24.4% 3,629,576 $10.3M
Acadian Asset Management LLC 0.03% Reduce -70.3% 3,307,702 $9.4M
Citadel Advisors 0.01% Add +3377.2% 3,274,878 $9.3M
Vanguard Group Inc. 0.00% Reduce -2.0% 3,122,472 $8.9M
UBS Group AG 0.00% Add +335.2% 3,081,223 $8.8M
State Street Corp. 0.00% Reduce -3.7% 3,032,524 $8.6M
Optiver Holding B.V. 0.33% Reduce -12.4% 2,972,315 $8.4M
Causeway Capital Management LLC 0.16% No change 2,670,178 $7.6M
Itau Unibanco Holding S.A. 0.28% Add +44.4% 2,678,300 $7.4M
Mackenzie Financial Corp. 0.01% Add +467.5% 2,425,593 $6.9M
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% Add +821.1% 2,344,175 $6.7M
Kawa Capital Management, Inc 13.43% New 2,094,404 $6.0M
Goldman Sachs Group Inc. 0.00% Reduce -87.2% 2,008,727 $5.7M
New York State Common Retirement Fund 0.01% Reduce -30.9% 1,709,321 $4.9M
Van Eck Associates Corp. 0.00% Add +10.7% 1,161,334 $3.3M
Northern Trust Corp. 0.00% Add +23.4% 1,132,634 $3.2M
Amundi 0.00% No change 1,124,971 $3.1M
AXA S.A. 0.01% No change 1,024,392 $2.9M
Connor, Clark & Lunn Investment Management Ltd. 0.01% Reduce -5.5% 975,333 $2.8M
D. E. Shaw & Co. 0.00% Reduce -51.5% 876,910 $2.5M
Capital International Sarl 0.05% No change 845,688 $2.4M
Legal & General Group Plc 0.00% No change 840,628 $2.4M
BNP Paribas Financial Markets 0.00% Add +43.8% 795,853 $2.3M
HSBC Holdings PLC 0.00% Reduce -8.3% 770,771 $2.2M
BTG Pactual Asset Management US LLC 0.28% No change 765,924 $2.2M
Capital International, Inc. 0.02% No change 645,972 $1.8M
Capital International Ltd. 0.07% No change 586,778 $1.7M
AQR Capital Management 0.00% Add +65.9% 582,949 $1.7M
Citigroup Inc. 0.00% Add +3.7% 550,696 $1.6M
Asset Management One Co., Ltd. 0.00% No change 458,516 $1.3M
Robeco Institutional Asset Management B.V. 0.00% Add +789.5% 455,053 $1.3M
AIA Group Ltd 0.03% No change 452,237 $1.3M
Quantbot Technologies LP 0.04% New 448,957 $1.3M
Fisher Asset Management 0.00% Reduce -29.3% 404,981 $1.2M
Massachusetts Financial Services Co. 0.00% Add +147.9% 392,274 $1.1M
Jump Financial, LLC 0.02% Add +48.1% 391,728 $1.1M
Pinebridge Investments, L.P. 0.01% No change 367,912 $1.0M
Russell Investments Group, Ltd. 0.00% Reduce -18.1% 361,910 $1.0M
Aquatic Capital Management LLC 0.02% New 317,693 $902K
Virtus Family Office LLC 1.11% Add +2.4% 303,899 $863K
Guggenheim Capital LLC 0.01% Add +13.9% 296,114 $841K
Commonwealth Equity Services, LLC 0.00% Reduce -5.2% 290,531 $825K
Ethic Inc. 0.02% Reduce -6.4% 278,183 $812K
Invesco Ltd. 0.00% Add +3.1% 280,886 $798K
Schonfeld Strategic Advisors LLC 0.01% Add +193.9% 268,086 $761K
STRS Ohio 0.00% Add +3.3% 259,660 $737K
Banque Cantonale Vaudoise 0.03% — 258,000 $733K
Neuberger Berman Group LLC 0.00% Add +51.3% 237,484 $674K
ARGA Investment Management, LP 0.02% No change 225,411 $640K
Point72 Asset Management 0.00% Reduce -9.9% 210,461 $598K
Qube Research & Technologies Ltd 0.00% Add +39.0% 198,237 $563K
Jane Street Group, LLC 0.00% Reduce -84.3% 194,689 $553K
Pacer Advisors, Inc. 0.00% Reduce -9.0% 190,094 $540K
JPMorgan Chase & Co. 0.00% Reduce -34.6% 181,716 $516K
Hennion & Walsh Asset Management, Inc. 0.02% Reduce -59.5% 180,596 $513K
Kapitalo Investimentos Ltda 0.09% New 158,682 $451K
Tidal Investments LLC 0.00% New 136,960 $389K
Capital Group Investment Management Pte. LTD. 0.08% No change 130,150 $370K
LGT Group Foundation 0.00% New 124,590 $354K
QRG Capital Management, Inc. 0.00% Add +168.3% 123,476 $351K
Provida Pension Fund Administrator 0.01% No change 111,709 $317K
Aigen Investment Management, LP 0.05% New 110,435 $314K
Banco Santander, S.A. 0.00% Add +14.6% 109,647 $311K
HRT Financial LP 0.00% New 100,792 $286K
Truist Financial Corp. 0.00% Add +1.1% 91,685 $260K
Barclays PLC 0.00% Reduce -39.7% 90,858 $258K
RBF Capital, LLC 0.02% New 90,000 $256K
Caprock Group, LLC 0.01% Reduce -23.7% 89,075 $253K
Stratos Wealth Partners, LTD. 0.00% No change 88,200 $250K
Advisors Asset Management, Inc. 0.00% Reduce -33.0% 87,690 $249K
VPR Management LLC 0.12% No change 86,242 $245K
Cambridge Investment Research Advisors, Inc. 0.00% Add +80.4% 85,205 $242K
Legacy Financial Advisors, Inc. 0.04% No change 78,000 $222K
Crossmark Global Holdings, Inc. 0.00% Reduce -38.7% 74,730 $212K
Daiwa Securities Group Inc. 0.00% Reduce -52.4% 73,536 $209K
BSW Wealth Partners 0.03% Add +41.5% 69,395 $197K
Mirae Asset Global Investments Co., Ltd. 0.00% Reduce -4.3% 67,122 $195K
Quadrature Capital Ltd 0.00% Reduce -88.4% 61,485 $175K
Banco BTG Pactual S.A. 0.04% Add +97.1% 60,900 $173K
Wells Fargo & Company 0.00% Add +3.4% 55,546 $158K
Engineers Gate Manager LP 0.00% Reduce -22.3% 54,847 $156K
LPL Financial LLC 0.00% Reduce -63.8% 50,559 $144K
Rhumbline Advisers 0.00% Reduce -3.9% 46,647 $132K
OMERS ADMINISTRATION Corp 0.00% No change 45,587 $129K
Qtron Investments LLC 0.02% No change 45,578 $129K
Inspire Advisors, LLC 0.01% Add +1.1% 45,562 $129K
Simplex Trading, LLC 0.00% Add +21558.9% 42,668 $121K
Diversified Trust Co. 0.00% No change 41,560 $118K
Mercer Global Advisors Inc. 0.00% Add +134.2% 41,149 $117K
Creative Planning 0.00% Reduce -63.2% 37,118 $105K
Sowell Financial Services LLC 0.00% New 33,763 $96K
Fractal Investments LLC 0.01% No change 33,264 $94K
Profund Advisors LLC 0.00% Add +25.3% 33,003 $94K
Mitsubishi UFJ Trust & Banking Corp 0.00% No change 32,807 $93K
IMG Wealth Management, Inc. 0.08% No change 30,928 $88K
Sei Investments Co. 0.00% Reduce -97.0% 28,816 $82K
Johnson Investment Counsel Inc. 0.00% Reduce -13.6% 28,300 $80K
Cerity Partners LLC 0.00% Reduce -16.6% 27,229 $77K
Abacus Wealth Partners, LLC 0.01% Add +16.8% 26,949 $77K
Pekin Hardy Strauss, Inc. 0.01% No change 26,000 $74K
Corient Private Wealth LP 0.00% Add +26.5% 25,905 $74K
Vanguard Personalized Indexing Management, LLC 0.00% Reduce -23.2% 24,577 $70K
Pathstone Holdings, LLC 0.00% Reduce -33.0% 23,553 $67K
MML Investors Services, LLC 0.00% Add +22.7% 23,122 $66K
R Squared Ltd 0.07% Add +84.0% 22,930 $65K
SG Americas Securities, LLC 0.00% New 22,836 $65K
Raymond James Financial Inc. 0.00% No change 22,654 $64K
CoreCommodity Management, LLC 0.01% New 22,644 $64K
Yousif Capital Management, LLC 0.00% No change 22,284 $63K
Squarepoint Ops LLC 0.00% New 20,702 $59K
Susquehanna International Group, LLP 0.00% Reduce -76.5% 20,489 $58K
First Trust Advisors LP 0.00% Reduce -34.5% 17,863 $51K
Osaic Holdings, Inc. 0.00% Reduce -18.1% 17,392 $49K
Parallel Advisors, LLC 0.00% Reduce -34.1% 17,146 $49K
Mgo One Seven LLC 0.00% Reduce -21.0% 17,027 $48K
National Bank of Canada 0.00% Reduce -3.8% 16,418 $47K
Sigma Planning Corp 0.00% New 16,311 $46K
Inspire Investing, LLC 0.01% New 16,133 $46K
Dynamic Technology Lab Private Ltd 0.01% Reduce -53.3% 15,895 $45K
KCM Investment Advisors LLC 0.00% No change 14,576 $41K
Prosperity Consulting Group, LLC 0.00% No change 14,400 $41K
Franklin Resources Inc. 0.00% Reduce -2.6% 14,380 $41K
Xponance LLC 0.00% New 14,160 $40K
Sumitomo Mitsui Trust Group, Inc. 0.00% No change 13,862 $39K
Sequoia Financial Advisors, LLC 0.00% Reduce -46.4% 13,061 $37K
PNC Financial Services Group, Inc. 0.00% Reduce -16.2% 12,594 $36K
Rehmann Capital Advisory Group 0.00% Add +19.4% 12,324 $35K
Signaturefd, LLC 0.00% Reduce -11.1% 11,945 $34K
Quadrant Capital Group LLC 0.00% Reduce -61.6% 11,768 $33K
Zhang Financial LLC 0.00% No change 11,695 $33K
O'shaughnessy Asset Management, LLC 0.00% Reduce -11.6% 11,516 $33K
Private Advisor Group, LLC 0.00% Add +0.1% 11,033 $31K
Farringdon Capital, Ltd. 0.02% Reduce -80.0% 10,657 $30K
Dark Forest Capital Management LP 0.00% New 10,611 $30K
Heritage Investors Management Corp. 0.00% No change 10,571 $30K
Alliancebernstein L.P. 0.00% New 10,225 $29K
Capstone Financial Advisors, Inc. 0.00% No change 10,000 $28K
Summit Securities Group LLC 0.02% New 8,492 $24K
US Bancorp \de 0.00% Reduce -49.6% 6,970 $20K
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% Reduce -20.0% 5,703 $16K
EverSource Wealth Advisors, LLC 0.00% Add +0.6% 5,471 $16K
Tower Research Capital LLC (TRC) 0.00% Reduce -88.4% 5,312 $15K
Lindbrook Capital, LLC 0.00% Reduce -0.1% 3,775 $11K
Blue Trust, Inc. 0.00% Add +15.3% 3,618 $10K
North Star Investment Management Corp. 0.00% No change 2,520 $7K
N.E.W. Advisory Services LLC 0.00% New 2,400 $7K
GHP Investment Advisors, Inc. 0.00% New 1,870 $5K
Headlands Technologies LLC 0.00% Reduce -97.0% 1,847 $5K
Credit Agricole S A 0.00% Reduce -87.3% 1,565 $4K
Federation des caisses Desjardins du Quebec 0.00% No change 1,260 $4K
Royal Bank of Canada 0.00% New 973 $3K
Addison Advisors LLC 0.00% No change 630 $2K
Cullen/Frost Bankers, Inc. 0.00% New 582 $2K
GAMMA Investing LLC 0.00% Add +27.6% 379 $1K
JFS Wealth Advisors, LLC 0.00% Reduce -24.9% 367 $1K
Cwm, LLC 0.00% Reduce -83.0% 228 $1K
NBT Bank, N.A. 0.00% No change 314 $892
Group One Trading LLC 0.00% No change 272 $772
Jones Financial Companies LLLP 0.00% No change 252 $736
Principal Securities, Inc. 0.00% No change 168 $484
Bell Investment Advisors, Inc 0.00% No change 111 $316
Sierra Ocean, LLC 0.00% Reduce -58.7% 93 $264
True Wealth Design, LLC 0.00% Reduce -14.1% 79 $225
Huntington National Bank 0.00% No change 1 $3
Danske Bank A/S 0.00% No change 1 $3
Allworth Financial LP 0.00% No change 1 $3

"% of holder's portfolio" is GGB's weight in each manager's 13F, not the share of Gerdau SA -Spon ADR the manager owns.