Gerdau SA (GGB): Hedge Fund Ownership & Smart Money Signals (Q1 2026)

Q: Is it too late to buy Gerdau SA (GGB) following the 2026 Q1 hedge fund 13F filings?

As of today, GGB has moved +3.3% since the 2026 Q1 13F filing date (May 15, 2026), compared to +0.3% for the SPY sector ETF — an outperformance of +3.0%. Since the quarter end (March 31, 2026), GGB gained +31.6% vs +14.1% for SPY. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Gerdau SA (GGB)

192 + Investors. Track Smart Money conviction in GGB. See who's accumulating, reducing, or initiating positions.

Smart Money Signals — GGB

Based on 192 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 6Q

For 3 consecutive quarters, more hedge funds added GGB than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

🏔️

At the ownership peak (100% of max)

100% of all-time peak

192 hedge funds hold GGB right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.

📶

Steady growth — +5% more funds vs a year ago

fund count last 6Q

+10 new funds entered over the past year (+5% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction. The peak was reached in just 3 quarters from the low — a sharp move.

🟢

More buyers than sellers — 62% buying

111 buying69 selling

Last quarter: 111 funds were net buyers (37 opened a brand new position + 74 added to an existing one). Only 69 were sellers (48 trimmed + 21 sold completely). A clear majority buying is a strong confirmation signal.

📈

More new buyers each quarter (+12 vs last Q)

new funds entering per quarter

Funds opening a new GGB position: 21 → 29 → 25 → 37. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.

🔒

67% of holders stayed for 2+ years

■ 67% conviction (2yr+) ■ 16% medium ■ 17% new

129 out of 192 hedge funds have held GGB for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

📈

Growing discovery — still being found

30 → 21 → 29 → 25 → 37 new funds/Q

New funds entering each quarter: 21 → 29 → 25 → 37. A growing number of institutions are discovering GGB each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.

🏛️

Deep conviction — 72% of holders stayed 2+ years

■ 72% veterans ■ 8% 1-2yr ■ 20% new

Of 195 current holders: 140 (72%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.

🏆

Elite ownership — 42% AUM from top-100 funds

42% from top-100 AUM funds

42 of 192 holders are among the 100 largest funds by AUM, controlling 42% of total institutional value in GGB. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

3.6

out of 10

Low Exit Risk

Exit risk score 3.6/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Metric	All 13F Filers (2026 Q1)	Prior (2025 Q4)	Change
Funds Holding	192	176	9.09%
13F Shares	309M	314M	-1.41%
Total Value	$1.07B	$1.15B	-7.09%
New Positions	37	25	+12
Increased Positions	72	59	+13
Closed Positions	21	22	-1
Reduced Positions	47	62	-15
Total Calls	2	1	100.0%
Total Puts	1	2	-50.0%
PUT/CALL Ratio	0.5	2.0	Bullish

Metric

All 13F Filers (2026 Q1)

Prior (2025 Q4)

Change

Funds Holding

192

176

9.09%

13F Shares

309M

314M

-1.41%

Total Value

$1.07B

$1.15B

-7.09%

New Positions

+12

Increased Positions

+13

Closed Positions

-1

Reduced Positions

-15

Total Calls

100.0%

Total Puts

-50.0%

PUT/CALL Ratio

0.5

2.0

Bullish

Institutional Holders (2026 Q1)

192 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in GGB. Verified SEC 13F-HR filings.

QUARTER:

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 25 GGB holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Contrarian Capital Management, L.L.C.	19.30%	19,069,112	$68.8M
2	Aquamarine Financial (Cayman) Ltd	4.42%	16,726,171	$60.4M
3	Kapitalo Investimentos Ltda	1.81%	2,664,158	$9.6M
4	Donald Smith & CO., INC.	1.57%	24,140,583	$87.1M
5	SPX Gestao de Recursos Ltda	1.28%	4,254,223	$15.4M
6	Navi International - Administradora e Gestora de Recursos Financeiros Ltda.	0.99%	550,000	$2.0M
7	Itau Unibanco Holding S.A.	0.77%	8,744,732	$32.3M
8	Causeway Capital Management LLC	0.30%	6,841,155	$24.7M
9	Virtus Family Office LLC	0.30%	96,239	$347K
10	BTG Pactual Asset Management US LLC	0.24%	765,924	$2.8M
11	Hartree Partners, LP	0.16%	210,000	$758K
12	Aquatic Capital Management LLC	0.14%	1,389,143	$5.0M
13	Engineers Gate Manager LP	0.14%	3,120,182	$11.3M
14	VPR Management LLC	0.12%	86,242	$311K
15	Banque Cantonale Vaudoise	0.11%	800,000	$2.9M
16	Two Sigma Investments, LP	0.08%	25,839,720	$93.3M
17	Capital Group Investment Management Pte. Ltd.	0.07%	117,331	$424K
18	Capital International Ltd /Ca/	0.07%	527,933	$1.9M
19	Larch Capital Partners LLC	0.07%	134,136	$484K
20	Quantbot Technologies LP	0.07%	466,744	$1.7M
21	Renaissance Technologies LLC	0.06%	10,936,524	$39.5M
22	R Squared Ltd	0.06%	28,939	$104K
23	Capital International Sarl	0.06%	954,655	$3.4M
24	Mackenzie Financial Corp	0.03%	7,777,577	$28.1M
25	Scientech Research LLC	0.03%	11,075	$40K

Investor	Ownership History	% of Portfolio	Prev %	Rank	Conviction	Avg Buy Price	13F Score™ 3Y / 7Y	Sell Timing	Shares	Mkt Value	Change	Change %	Source	Quarter	Filed

Frequently Asked Questions — Gerdau SA (GGB)

What does the Smart Money Trend signal show for GGB?

Buying streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds added GGB than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for GGB?

More buyers than sellers — 62% buying: Last quarter: 111 funds were net buyers (37 opened a brand new position + 74 added to an existing one). Only 69 were sellers (48 trimmed + 21 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for GGB holders?

Elite ownership — 42% AUM from top-100 funds: 42 of 192 holders are among the 100 largest funds by AUM, controlling 42% of total institutional value in GGB. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held GGB?

67% of holders stayed for 2+ years: 129 out of 192 hedge funds have held GGB for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Gerdau SA (GGB) following the 2026 Q1 hedge fund 13F filings?

As of today, GGB has moved +3.3% since the 2026 Q1 13F filing date (May 15, 2026), compared to +0.3% for the SPY sector ETF — an outperformance of +3.0%. Since the quarter end (March 31, 2026), GGB has gained +31.6% vs +14.1% for SPY. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Market Cap	--
Enterprise Value	--
Trailing P/E	--
Forward P/E	--
PEG Ratio (5yr expected)	--
Price/Sales (ttm)	--
Price/Book (mrq)	--
Enterprise Value/Revenue	--
Enterprise Value/EBITDA	--
Beta (5Y Monthly)	--
Short Ratio (Days to Cover)	--
Short % of Float	--

Profit Margin	--
Return on Assets (ttm)	--
Return on Equity (ttm)	--

Revenue (ttm)	--
Net Income Avi to Common (ttm)	--
Diluted EPS (ttm)	--
Total Cash (mrq)	--
Total Debt/Equity (mrq)	--
Levered Free Cash Flow (ttm)	--

Gerdau SA (GGB)

Smart Money Signals — GGB

Buying streak — 3 quarters in a row

At the ownership peak (100% of max)

Steady growth — +5% more funds vs a year ago

More buyers than sellers — 62% buying

More new buyers each quarter (+12 vs last Q)

67% of holders stayed for 2+ years

Growing discovery — still being found

Deep conviction — 72% of holders stayed 2+ years

Elite ownership — 42% AUM from top-100 funds

Institutional Sentiment Summary — GGB

Hedge Fund Ownership: GGB

Market Analysis: GGB

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: GGB

Is It Too Late to Buy Gerdau SA (GGB) Based on Hedge Fund 13F Filings?

Hedge Fund Positioning: GGB

Statistics: GGB

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q1)

Frequently Asked Questions — Gerdau SA (GGB)

Welcome to 13Foresight!