Steel Dynamics: which funds bought and sold
Institutions that bought and sold Steel Dynamics shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.
Between March 31, 2026 and June 30, 2026, 484 institutions that filed 13F reports for both quarters added to or opened positions in Steel Dynamics, and 433 cut or closed them. Together they sold a net 1.2M shares, −1.0% on what they held at the start of the quarter. Active managers and hedge funds on our list were net buyers of 1.6M shares (+7.0%); index fund managers were net sellers of 507K shares (−1.2%). 138 opened a new position and 64 sold out entirely.
Bought, Q2 2026 484 institutions, 138 of them new holders Sold, Q2 2026 433 institutions, 64 of them sold out
Net change, all compared −1.2M shares (−1.0%)
Net change, active managers +1.6M shares (+7.0%), 33 bought, 31 sold
Buyers versus sellers
484 bought 148 433 sold
Active managers and hedge funds 33 bought · 31 sold · +1.6M
Index fund managers 3 bought · 9 sold · −507K
Other institutions 448 bought · 393 sold · −2.3M
Biggest buyers
| Institution | Change in shares | Shares June 30, 2026 | Value |
|---|---|---|---|
| FMR LLC Active manager | +3.3M +75.0% | 7.7M | $1.8B |
| Acadian Asset Management LLC Active manager | +415K New position | 415K | $95.1M |
| Citadel Advisors LLC Hedge fund | +295K +57.6% | 808K | $185M |
| Nuveen, LLC | +232K +24.6% | 1.2M | $269M |
| Captrust Financial Advisors | +228K +394.3% | 286K | $65.6M |
| Voloridge Investment Management, LLC Hedge fund | +200K +797.3% | 225K | $51.5M |
| Morgan Stanley | +197K +6.2% | 3.3M | $768M |
| Qube Research & Technologies Ltd Hedge fund | +150K +61.8% | 394K | $90.4M |
| Sapient Capital LLC | +115K +34.6% | 448K | $103M |
| Citigroup Inc | +101K +43.6% | 332K | $76.2M |
| Goldman Sachs Group Inc | +100K +7.0% | 1.5M | $350M |
| Korea Investment Corp | +97K +100.4% | 194K | $44.6M |
| Mirae Asset Global Etfs Holdings Ltd. | +91K +8.3% | 1.2M | $271M |
| Jane Street Group, LLC | +81K +60.0% | 216K | $49.6M |
| Distillate Capital Partners LLC | +81K New position | 81K | $18.5M |
| Boston Partners Active manager | +79K +4.5% | 1.8M | $424M |
| Connor, Clark & Lunn Investment Management Ltd. | +77K +42.2% | 258K | $59.2M |
| Pointstate Capital LP Hedge fund | +74K New position | 74K | $17M |
| Zurich Insurance Group Ltd | +68K New position | 68K | $15.5M |
| Wells Fargo & Company | +64K +33.3% | 256K | $58.7M |
| Institution | Change in shares | Shares June 30, 2026 | Value |
|---|---|---|---|
| FMR LLC Active manager | +3.3M +75.0% | 7.7M | $1.8B |
| Acadian Asset Management LLC Active manager | +415K New position | 415K | $95.1M |
| Citadel Advisors LLC Hedge fund | +295K +57.6% | 808K | $185M |
| Voloridge Investment Management, LLC Hedge fund | +200K +797.3% | 225K | $51.5M |
| Qube Research & Technologies Ltd Hedge fund | +150K +61.8% | 394K | $90.4M |
| Boston Partners Active manager | +79K +4.5% | 1.8M | $424M |
| Pointstate Capital LP Hedge fund | +74K New position | 74K | $17M |
| Millennium Management LLC Hedge fund | +39K +725.2% | 45K | $10.3M |
| Squarepoint Ops LLC Hedge fund | +39K +1067.0% | 43K | $9.8M |
| Gotham Asset Management, LLC Hedge fund | +31K +35.0% | 120K | $27.4M |
Biggest sellers
| Institution | Change in shares | Shares June 30, 2026 | Value |
|---|---|---|---|
| Holocene Advisors, LP Hedge fund | −640K −28.0% | 1.6M | $378M |
| Victory Capital Management Inc Active manager | −600K −30.8% | 1.3M | $309M |
| HSBC Holdings PLC | −424K −40.3% | 627K | $144M |
| Life Cycle Investment Partners Ltd | −397K −14.7% | 2.3M | $528M |
| LSV Asset Management Active manager | −387K −54.2% | 328K | $75.2M |
| Bornite Capital Management LP | −350K Sold out | 0 | — |
| Caisse De Depot Et Placement Du Quebec | −312K −40.9% | 450K | $103M |
| Lord, Abbett & Co. LLC | −221K −15.3% | 1.2M | $280M |
| Fil Ltd Active manager | −220K −21.0% | 830K | $190M |
| Balyasny Asset Management L.P. Hedge fund | −218K −98.2% | 3,957 | $907,973 |
| Thrivent Financial For Lutherans | −208K −23.1% | 693K | $159M |
| Invesco Ltd. | −193K −9.5% | 1.8M | $423M |
| Bank Of America Corp | −189K −14.1% | 1.2M | $264M |
| Castle Hook Partners LP Hedge fund | −164K −60.9% | 106K | $24.2M |
| Pbu - The Pension Fund Of Early Childhood & Youth Educators | −164K Sold out | 0 | — |
| UBS Am, A Distinct Business Unit Of UBS Asset Management Americas LLC | −148K −12.2% | 1.1M | $246M |
| Franklin Resources Inc Active manager | −143K −75.0% | 48K | $11M |
| Northern Trust Corp Index funds | −140K −8.7% | 1.5M | $340M |
| State Street Corp Index funds | −138K −1.8% | 7.4M | $1.7B |
| Pfa Pension, Forsikringsaktieselskab | −131K −58.9% | 92K | $21M |
| Institution | Change in shares | Shares June 30, 2026 | Value |
|---|---|---|---|
| Holocene Advisors, LP Hedge fund | −640K −28.0% | 1.6M | $378M |
| Victory Capital Management Inc Active manager | −600K −30.8% | 1.3M | $309M |
| LSV Asset Management Active manager | −387K −54.2% | 328K | $75.2M |
| Fil Ltd Active manager | −220K −21.0% | 830K | $190M |
| Balyasny Asset Management L.P. Hedge fund | −218K −98.2% | 3,957 | $907,973 |
| Castle Hook Partners LP Hedge fund | −164K −60.9% | 106K | $24.2M |
| Franklin Resources Inc Active manager | −143K −75.0% | 48K | $11M |
| Scopus Asset Management, L.P. Hedge fund | −105K Sold out | 0 | — |
| Adage Capital Partners Gp, L.L.C. Hedge fund | −87K −43.0% | 116K | $26.6M |
| Neuberger Berman Group LLC Active manager | −77K −15.1% | 437K | $101M |
New positions
| Institution | Shares | Value June 30, 2026 |
|---|---|---|
| Acadian Asset Management LLCActive manager | 415K | $95.1M |
| Distillate Capital Partners LLC | 81K | $18.5M |
| Pointstate Capital LPHedge fund | 74K | $17M |
| Zurich Insurance Group Ltd | 68K | $15.5M |
| Peregrine Asset Advisers, Inc. | 22K | $5M |
| Eulav Asset Management | 17K | $3.9M |
| ING Groep NV | 17K | $3.8M |
| Mariner, LLC | 15K | $3.4M |
| Bridgeway Capital Management, LLCActive manager | 11K | $2.5M |
| Convergence Investment Partners, LLC | 11K | $2.4M |
Sold out
| Institution | Shares | Value March 31, 2026 |
|---|---|---|
| Bornite Capital Management LP | 350K | $63M |
| Pbu - The Pension Fund Of Early Childhood & Youth Educators | 164K | $29.5M |
| Thomist Capital Management, LP | 105K | $19M |
| Scopus Asset Management, L.P.Hedge fund | 105K | $18.9M |
| Encompass Capital Advisors LLC | 100K | $18M |
| Susquehanna Fundamental Investments, LLC | 100K | $18M |
| Silvercrest Asset Management Group LLC | 96K | $17.3M |
| Covalis Capital LLP | 63K | $11.4M |
| Summittx Capital, L.P. | 39K | $7M |
| Militia Capital Management LLC | 35K | $6.2M |
Who holds the shares
- Institutions reporting
- 1,017
- Ten largest holders
- 49.3% of 13F-reported shares
- Index fund managers
- 36.3% of 13F-reported shares
- Active managers and hedge funds
- 20.7% of 13F-reported shares
| Type | Bought | Sold | New | Sold out | Net change in shares | Net % |
|---|---|---|---|---|---|---|
| Active managers and hedge funds | 33 | 31 | 10 | 3 | +1.6M | +7.0% |
| Index fund managers | 3 | 9 | 0 | 0 | −507K | −1.2% |
| Other institutions | 448 | 393 | 128 | 61 | −2.3M | −4.6% |