Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

STEEL DYNAMICS INC (STLD)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +107
Streak
1Q ▲
Buyers last Q
57%

Smart Money Signals — STLD

Based on 849 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added STLD 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
849 hedge funds hold STLD 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 — +17% more funds vs a year ago

fund count last 6Q
+121 new funds entered over the past year (+17% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 57% buying

458 buying342 selling
Last quarter: 458 funds bought or added vs 342 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
📈

More new buyers each quarter (+83 vs last Q)

new funds entering per quarter
Funds opening a new STLD position: 113 → 88 → 85 → 168. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

64% of holders stayed for 2+ years

■ 64% conviction (2yr+) ■ 18% medium ■ 18% new
543 out of 849 hedge funds have held STLD 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

95 → 113 → 88 → 85 → 168 new funds/Q
New funds entering each quarter: 113 → 88 → 85 → 168. A growing number of institutions are discovering STLD each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Deep conviction — 67% of holders stayed 2+ years

■ 67% veterans ■ 12% 1-2yr ■ 22% new
Of 876 current holders: 584 (67%) 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 — 54% AUM from top-100 funds

54% from top-100 AUM funds
45 of 849 holders are among the 100 largest funds by AUM, controlling 54% of total institutional value in STLD. 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.

Hedge Fund Ownership: STLD

How many hedge funds hold STLD — quarterly history vs. share price
Quarterly hedge fund ownership of STLD vs. share price

Market Analysis: STLD

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: STLD

-- --
Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

107 top-rated funds 6 high-conviction
Consensus
8.8
/ 10
breadth
×
Elite
3.3
/ 10
conviction
Hedge Fund Positioning: STLD
2026 Q1 Stats Unlock in 19 days 876 + Investors

Track Smart Money conviction in STLD. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 876 772 13.47%
13F Shares 120M 111M 7.95%
Total Value $19.85B $17.15B 15.75%
New Positions 170 85 +85
Increased Positions 326 297 +29
Closed Positions 65 94 -29
Reduced Positions 313 342 -29
Total Calls 15 16 -6.25%
Total Puts 18 19 -5.26%
PUT/CALL Ratio 1.2 1.19 Neutral

Statistics: STLD

View More

Valuation Measures Data as of: --

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 --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

876 + investors

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

Top 25 institutional holders of STLD — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Pathway Financial Advisers, LLC 2.33% 45,755 $8.2M
2 Waycross Investment Management Co 2.24% 13,016 $2.3M
3 SIERRA SUMMIT ADVISORS LLC 1.72% 65,894 $11.9M
4 MFG WEALTH MANAGEMENT, INC. 1.58% 10,613 $1.9M
5 Axecap Investments, LLC 1.42% 11,497 $2.1M
6 DELPHI MANAGEMENT INC /MA/ 1.38% 6,398 $1K
7 MONARCH CAPITAL MANAGEMENT INC 1.29% 29,133 $5.3M
8 MinichMacGregor Wealth Management, LLC 1.19% 37,314 $6.7M
9 Stiles Financial Services Inc 1.17% 21,300 $3.8M
10 Significant Wealth Partners LLC 1.06% 4,800 $864K
11 Hosking Partners LLP 1.05% 163,539 $29.4M
12 SageGuard Financial Group, LLC 1.04% 37,517 $6.8M
13 Greenfield Savings Bank 0.99% 12,865 $2.3M
14 DMC Group, LLC 0.98% 8,098 $1.5M
15 SAPIENT CAPITAL LLC 0.91% 332,584 $60.0M
16 BTC Capital Management, Inc. 0.89% 72,664 $13.1M
17 Harbour Capital Advisors, LLC 0.81% 18,673 $4.2M
18 PATTON FUND MANAGEMENT, INC. 0.72% 23,484 $4.2M
19 Shearwater Capital LLC 0.69% 7,291 $1.3M
20 AGP FRANKLIN, LLC 0.64% 7,099 $1.3M
21 Concord Asset Management, LLC/VA 0.62% 20,485 $3.7M
22 AEGON ASSET MANAGEMENT UK PLC 0.61% 257,874 $46.2M
23 ARS Investment Partners, LLC 0.60% 64,535 $11.6M
24 TriaGen Wealth Management LLC 0.56% 11,295 $2.0M
25 First Citizens Financial Corp 0.53% 6,200 $1.1M
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 — STEEL DYNAMICS INC (STLD)

What does the Smart Money Trend signal show for STLD?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added STLD 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 STLD?

Slight buying edge — 57% buying: Last quarter: 458 funds bought or added vs 342 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for STLD holders?

Elite ownership — 54% AUM from top-100 funds: 45 of 849 holders are among the 100 largest funds by AUM, controlling 54% of total institutional value in STLD. 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 STLD?

64% of holders stayed for 2+ years: 543 out of 849 hedge funds have held STLD 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.

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.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.