GERDAU S.A. (GGB) — Institutional Holders, Q2 2026
214 institutional investment managers reported a GGB position on SEC Form 13F-HR for the quarter ended June 30, 2026, with a combined reported value of $1.5B. Every filer is listed below, ranked by position value, 100 per page; this page shows ranks 1 to 100. Put and call option positions are excluded, and a firm filing several lots or share classes is shown once with its total.
GGB in Q2 2026: what funds did
Funds that filed a 13F for both Q1 2026 and Q2 2026, by what they did with the common stock. Share counts are adjusted for any split between the two quarters; dollar figures are the change in shares at this quarter’s price.
Biggest buyers
- ACADIAN ASSET MANAGEMENTAdded · +35,631,834 sh+$144.0M
- UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMEAdded · +23,936,662 sh+$96.7M
- FMRNew · +10,392,607 sh+$42.0M
- SEI INVESTMENTSAdded · +8,139,847 sh+$32.9M
- BlackRockAdded · +7,372,520 sh+$29.8M
Biggest sellers
- BANK OF AMERICATrimmed · -13,038,732 sh-$52.7M
- TWO SIGMA INVESTMENTSTrimmed · -10,456,483 sh-$42.2M
- JANE STREET GROUPTrimmed · -7,919,827 sh-$32.0M
- GOLDMAN SACHS GROUPTrimmed · -6,656,589 sh-$26.9M
- DONALD SMITHTrimmed · -6,649,773 sh-$26.9M
GGB 13F holders ranked 1–100 of 214
| # | Institution | Shares | Value | % of portfolio | QoQShares vs Q1 2026 |
|---|---|---|---|---|---|
| 1 | ACADIAN ASSET MANAGEMENT#1 · 48,672,737 sh | 48,672,737 | $196.6M | 0.23% | +273.2% |
| 2 | Capital World Investors#2 · 26,902,473 sh | 26,902,473 | $108.7M | 0.01% | -2.3% |
| 3 | UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AME#3 · 25,745,217 sh | 25,745,217 | $104.0M | 0.02% | +1323.5% |
| 4 | CONTRARIAN CAPITAL MANAGEMENT, L.L.C.#4 · 19,069,112 sh | 19,069,112 | $77.0M | 25.17% | 0.0% |
| 5 | BlackRock#5 · 18,225,403 sh | 18,225,403 | $73.6M | <0.01% | +67.9% |
| 6 | DONALD SMITH#6 · 17,490,810 sh | 17,490,810 | $70.7M | 1.25% | -27.5% |
| 7 | Aquamarine Financial (Cayman) Ltd#7 · 16,726,171 sh | 16,726,171 | $67.6M | 3.73% | 0.0% |
| 8 | TWO SIGMA INVESTMENTS#8 · 15,383,237 sh | 15,383,237 | $62.1M | 0.04% | -40.5% |
| 9 | MACKENZIE FINANCIAL#9 · 14,638,321 sh | 14,638,321 | $59.1M | 0.06% | +88.2% |
| 10 | DIMENSIONAL FUND ADVISORS#10 · 11,394,004 sh | 11,394,004 | $46.1M | <0.01% | -4.1% |
| 11 | FMR#11 · 10,392,607 sh | 10,392,607 | $42.0M | <0.01% | New |
| 12 | SEI INVESTMENTS#12 · 9,218,764 sh | 9,218,764 | $37.2M | 0.03% | +754.4% |
| 13 | Itau Unibanco Holding S.A.#13 · 8,511,525 sh | 8,511,525 | $34.3M | 0.65% | -2.7% |
| 14 | AMERICAN CENTURY COMPANIES#14 · 7,238,674 sh | 7,238,674 | $29.2M | 0.01% | +8.9% |
| 15 | CAUSEWAY CAPITAL MANAGEMENT#15 · 7,229,538 sh | 7,229,538 | $29.2M | 0.32% | +5.7% |
| 16 | Engineers Gate Manager#16 · 7,010,275 sh | 7,010,275 | $28.3M | 0.37% | +124.7% |
| 17 | RENAISSANCE TECHNOLOGIES#17 · 6,902,124 sh | 6,902,124 | $27.9M | 0.04% | -36.9% |
| 18 | MILLENNIUM MANAGEMENT#18 · 6,817,870 sh | 6,817,870 | $27.5M | 0.01% | +145.9% |
| 19 | MASSACHUSETTS FINANCIAL SERVICES#19 · 5,353,619 sh | 5,353,619 | $21.7M | <0.01% | +2.7% |
| 20 | Russell Investments Group, Ltd.#20 · 5,233,642 sh | 5,233,642 | $21.6M | 0.02% | +94.6% |
| 21 | GOLDMAN SACHS GROUP#21 · 4,337,530 sh | 4,337,530 | $17.5M | <0.01% | -60.5% |
| 22 | Assenagon Asset Management S.A.#22 · 4,032,490 sh | 4,032,490 | $16.3M | — | New |
| 23 | MORGAN STANLEY#23 · 3,757,890 sh | 3,757,890 | $15.2M | <0.01% | -49.9% |
| 24 | STATE STREET#24 · 3,647,507 sh | 3,647,507 | $14.7M | <0.01% | -1.4% |
| 25 | D. E. Shaw#25 · 3,307,741 sh | 3,307,741 | $13.4M | <0.01% | -62.1% |
| 26 | CITIGROUP#26 · 2,891,210 sh | 2,891,210 | $11.7M | <0.01% | +212.4% |
| 27 | FIL Ltd#27 · 2,748,696 sh | 2,748,696 | $11.1M | <0.01% | +2.1% |
| 28 | BNP Paribas Asset Management Holding S.A.#28 · 2,604,951 sh | 2,604,951 | $10.5M | 0.01% | +24.8% |
| 29 | NEW YORK STATE COMMON RETIREMENT FUND#29 · 2,268,209 sh | 2,268,209 | $9.2M | 0.01% | +107.2% |
| 30 | DYNAMO INTERNACIONAL GESTAO DE RECURSOS LTDA.#30 · 2,109,474 sh | 2,109,474 | $8.5M | 3.49% | New |
| 31 | BW Gestao de Investimentos Ltda.#31 · 1,830,489 sh | 1,830,489 | $7.4M | 0.15% | New |
| 32 | Man Group plc#32 · 1,808,190 sh | 1,808,190 | $7.3M | 0.01% | +19.8% |
| 33 | SCHRODER INVESTMENT MANAGEMENT GROUP#33 · 1,728,069 sh | 1,728,069 | $7.1M | <0.01% | New |
| 34 | VANGUARD CAPITAL MANAGEMENT#34 · 1,597,513 sh | 1,597,513 | $6.5M | <0.01% | -20.9% |
| 35 | MARSHALL WACE, LLP#35 · 1,579,741 sh | 1,579,741 | $6.4M | <0.01% | +169.3% |
| 36 | Connor, Clark & Lunn Investment Management Ltd.#36 · 1,550,335 sh | 1,550,335 | $6.3M | 0.01% | +1973.1% |
| 37 | Amundi#37 · 1,506,748 sh | 1,506,748 | $6.1M | <0.01% | +6.0% |
| 38 | ARROWSTREET CAPITAL, LIMITED PARTNERSHIP#38 · 1,494,272 sh | 1,494,272 | $6.0M | <0.01% | New |
| 39 | Kapitalo Investimentos Ltda#39 · 1,400,017 sh | 1,400,017 | $5.7M | — | -47.4% |
| 40 | Grantham, Mayo, Van Otterloo#40 · 1,379,015 sh | 1,379,015 | $5.6M | 0.01% | -12.4% |
| 41 | Qube Research & Technologies Ltd#41 · 1,304,436 sh | 1,304,436 | $5.3M | <0.01% | -68.0% |
| 42 | UBS Group AG#42 · 1,116,899 sh | 1,116,899 | $4.5M | <0.01% | -50.0% |
| 43 | Capital International Sarl#43 · 1,038,698 sh | 1,038,698 | $4.2M | 0.06% | +8.8% |
| 44 | NORTHERN#44 · 995,664 sh | 995,664 | $4.0M | <0.01% | -1.8% |
| 45 | HSBC PLC#45 · 972,854 sh | 972,854 | $3.9M | <0.01% | +13.5% |
| 46 | Point72 Asset Management, L.P.#46 · 897,585 sh | 897,585 | $3.6M | <0.01% | +1.9% |
| 47 | BNP PARIBAS FINANCIAL MARKETS#47 · 856,966 sh | 856,966 | $3.5M | <0.01% | +372.8% |
| 48 | JPMORGAN CHASE#48 · 830,364 sh | 830,364 | $3.4M | <0.01% | +241.0% |
| 49 | Creative Planning#49 · 809,546 sh | 809,546 | $3.3M | <0.01% | +33.6% |
| 50 | Banque Cantonale Vaudoise#50 · 800,000 sh | 800,000 | $3.2M | 0.13% | 0.0% |
| 51 | VAN ECK ASSOCIATES#51 · 799,999 sh | 799,999 | $3.2M | <0.01% | +14.2% |
| 52 | BTG Pactual Asset Management US#52 · 785,688 sh | 785,688 | $3.2M | 0.20% | +2.6% |
| 53 | AQR CAPITAL MANAGEMENT#53 · 758,076 sh | 758,076 | $3.1M | <0.01% | -31.1% |
| 54 | Legal & General Group Plc#54 · 715,026 sh | 715,026 | $2.9M | <0.01% | -14.9% |
| 55 | Employees Retirement System of Texas#55 · 623,722 sh | 623,722 | $2.5M | 0.02% | New |
| 56 | NOMURA ASSET MANAGEMENT INTERNATIONAL#56 · 567,562 sh | 567,562 | $2.3M | <0.01% | +5030.7% |
| 57 | Navi International - Administradora e Gestora de Recursos Financeiros Ltda.#57 · 550,000 sh | 550,000 | $2.2M | 1.50% | 0.0% |
| 58 | CITADEL ADVISORS#58 · 539,624 sh | 539,624 | $2.2M | <0.01% | +441.9% |
| 59 | CAPITAL INTERNATIONAL LTD#59 · 527,933 sh | 527,933 | $2.1M | 0.07% | 0.0% |
| 60 | B. Metzler seel. Sohn & AG#60 · 522,135 sh | 522,135 | $2.1M | 0.02% | New |
| 61 | GSA CAPITAL PARTNERS LLP#61 · 509,888 sh | 509,888 | $2.1M | 0.13% | +33.8% |
| 62 | PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO#62 · 498,302 sh | 498,302 | $2.0M | <0.01% | New |
| 63 | HRT FINANCIAL#63 · 464,537 sh | 464,537 | $1.9M | <0.01% | +26.3% |
| 64 | GUGGENHEIM CAPITAL#64 · 457,498 sh | 457,498 | $1.8M | 0.01% | +4.7% |
| 65 | Neuberger Berman Group#65 · 395,694 sh | 395,694 | $1.6M | <0.01% | +64.0% |
| 66 | Invesco Ltd.#66 · 370,592 sh | 370,592 | $1.5M | <0.01% | -26.7% |
| 67 | VANGUARD FIDUCIARY#67 · 365,955 sh | 365,955 | $1.5M | <0.01% | 0.0% |
| 68 | Schonfeld Strategic Advisors#68 · 323,151 sh | 323,151 | $1.3M | <0.01% | +79.1% |
| 69 | Diversified#69 · 289,331 sh | 289,331 | $1.2M | 0.02% | +174.9% |
| 70 | COMMONWEALTH EQUITY SERVICES#70 · 275,533 sh | 275,533 | $1.1M | <0.01% | -2.9% |
| 71 | Integrated Wealth Concepts#71 · 272,075 sh | 272,075 | $1.1M | <0.01% | +125.4% |
| 72 | Bridgewater Associates#72 · 271,680 sh | 271,680 | $1.1M | <0.01% | +464.0% |
| 73 | Quantbot Technologies#73 · 258,389 sh | 258,389 | $1.0M | 0.04% | -44.6% |
| 74 | Fisher Asset Management#74 · 254,393 sh | 254,393 | $1.0M | <0.01% | -22.0% |
| 75 | Capital International#75 · 210,637 sh | 210,637 | $851.0K | <0.01% | 0.0% |
| 76 | Robeco Institutional Asset Management B.V.#76 · 205,143 sh | 205,143 | $828.8K | — | +51.5% |
| 77 | BANK OF AMERICA#77 · 183,891 sh | 183,891 | $742.9K | 0.00% | -98.6% |
| 78 | STRS OHIO#78 · 181,390 sh | 181,390 | $732.8K | <0.01% | -5.4% |
| 79 | Toroso Investments#79 · 176,888 sh | 176,888 | $714.6K | <0.01% | +1.9% |
| 80 | Squarepoint Ops#80 · 157,499 sh | 157,499 | $636.3K | <0.01% | -50.4% |
| 81 | Vident Advisory#81 · 157,382 sh | 157,382 | $635.8K | <0.01% | -0.7% |
| 82 | Optiver Holding B.V.#82 · 155,971 sh | 155,971 | $630.1K | <0.01% | -86.6% |
| 83 | Nykredit A/S#83 · 150,884 sh | 150,884 | $609.6K | <0.01% | — |
| 84 | Daiwa Securities Group#84 · 150,536 sh | 150,536 | $608.2K | <0.01% | +8.7% |
| 85 | Himension Fund#85 · 128,587 sh | 128,587 | $519.5K | 0.03% | New |
| 86 | LARCH CAPITAL PARTNERS#86 · 125,136 sh | 125,136 | $505.5K | 0.07% | -6.7% |
| 87 | Centiva Capital#87 · 124,519 sh | 124,519 | $503.1K | <0.01% | -42.2% |
| 88 | Capital Group Investment Management Pte. Ltd.#88 · 117,331 sh | 117,331 | $474.0K | 0.07% | 0.0% |
| 89 | Ethic#89 · 116,595 sh | 116,595 | $471.0K | <0.01% | -51.2% |
| 90 | Aquatic Capital Management#90 · 104,372 sh | 104,372 | $421.7K | 0.01% | -92.5% |
| 91 | TRUIST FINANCIAL#91 · 103,948 sh | 103,948 | $419.9K | <0.01% | +0.5% |
| 92 | State of Wyoming#92 · 92,772 sh | 92,772 | $374.8K | 0.04% | +181.2% |
| 93 | Mitsubishi UFJ & Banking#93 · 89,991 sh | 89,991 | $363.6K | <0.01% | +210.4% |
| 94 | Stratos Wealth Partners, LTD.#94 · 88,200 sh | 88,200 | $356.3K | <0.01% | 0.0% |
| 95 | VPR Management#95 · 86,242 sh | 86,242 | $348.4K | 0.14% | 0.0% |
| 96 | Sequoia Financial Advisors#96 · 82,870 sh | 82,870 | $334.8K | <0.01% | +8.3% |
| 97 | CenterBook Partners#97 · 77,472 sh | 77,472 | $313.0K | 0.02% | New |
| 98 | US BANCORP \DE\#98 · 73,020 sh | 73,020 | $295.0K | <0.01% | +605.1% |
| 99 | SG Americas Securities#99 · 72,642 sh | 72,642 | $293.0K | <0.01% | +139.7% |
| 100 | Crossmark Global#100 · 71,799 sh | 71,799 | $290.1K | — | 0.0% |
Funds that sold out of GGB in Q2 2026 (26)
Held GGB at the end of Q1 2026 and filed a Q2 2026 13F without it. Not in the list above, because they no longer hold it. Largest prior position first.
| Institution | Shares sold | Value in Q1 2026 |
|---|---|---|
| SPX Gestao de Recursos Ltda4,254,223 sh | 4,254,223 | $15.4M |
| DEUTSCHE BANK AG\699,285 sh | 699,285 | $2.5M |
| Jump Financial567,779 sh | 567,779 | $2.0M |
| CI INVESTMENTS341,274 sh | 341,274 | $1.2M |
| Hartree Partners210,000 sh | 210,000 | $758.1K |
| Virtus Family Office96,239 sh | 96,239 | $347.4K |
| CAXTON ASSOCIATES LLP75,300 sh | 75,300 | $271.8K |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP75,295 sh | 75,295 | $271.8K |
| XTX Topco Ltd74,163 sh | 74,163 | $267.7K |
| AXQ CAPITAL68,830 sh | 68,830 | $248.5K |
| Magnetar Financial59,890 sh | 59,890 | $216.2K |
| AIGEN INVESTMENT MANAGEMENT30,345 sh | 30,345 | $109.5K |
| YOUSIF CAPITAL MANAGEMENT22,284 sh | 22,284 | $80.4K |
| Bank of New York Mellon12,608 sh | 12,608 | $45.5K |
| COLDSTREAM CAPITAL MANAGEMENT12,387 sh | 12,387 | $44.7K |
| Scientech Research11,075 sh | 11,075 | $40.0K |
| Private Advisor Group11,065 sh | 11,065 | $39.9K |
| IEQ CAPITAL11,041 sh | 11,041 | $39.9K |
| LEUCADIA NATIONAL10,091 sh | 10,091 | $36.4K |
| SIMPLEX TRADING9,302 sh | 9,302 | $33.6K |
| GROUP ONE TRADING, L.P.7,584 sh | 7,584 | $27.4K |
| OSAIC300 sh | 300 | $1.1K |
| Strategic Wealth Partners, Ltd.252 sh | 252 | $910.00 |
| Addison Advisors250 sh | 250 | $903.00 |
| Cornerstone Financial Management121 sh | 121 | $437.00 |
| Root Financial Partners30 sh | 30 | $108.00 |
Source: Form 13F-HR filings on SEC EDGAR, Q2 2026. Values are as reported by each manager at quarter end. “% of portfolio” is the position’s share of the manager’s total reported 13F value for the same quarter. “New” means the manager filed a 13F for Q1 2026 without this position; a dash means no comparison is available. Where a manager’s own filing is internally inconsistent its value is withheld and it is listed last. 13F data shows reported holdings, not recommendations.