GERDAU S.A. - SPON ADR REP PFD (GGB)

CUSIP: 373737105

Q4 2025 13F Holders as of 31 Dec 2025

Type / Class
Equity / SPON ADR REP PFD
Total 13F shares
315,903,936
Share change
-10,133,348
Total reported value
$1,165,847,404
Put/Call ratio
182%
Price per share
$3.69
Number of holders
181
Value change
-$33,982,079
Number of buys
84
Number of sells
82

Security key

373737105

Report period

Q4 2025

Institutions

181

Top holders

10

Top shareholders of GGB - GERDAU S.A. - SPON ADR REP PFD (13F + 13D/G + 3/4/5)

Grouped by holder across the latest SEC ownership disclosures. Ownership % is shown only when it is directly reported or safely comparable across share classes.

Methodology: rows are grouped by holder and ranked first by SEC-reported ownership % when it is safely comparable, then by disclosed holdings value. indicates unavailable or non-comparable values; "mixed-class rows" means the latest filing spans non-comparable classes.
Holder Source Role / Reporting Ownership % Shares Holdings Value 12M Net Δ As of Details
FMR LLC
13F
Company
class O/S missing
85,298,306
$264,424,749 30 Sep 2025
13F
Capital International Investors
13F
Company
class O/S missing
31,046,243
$96,243,353 30 Sep 2025
13F
CONTRARIAN CAPITAL MANAGEMENT, L.L.C.
13F
Company
class O/S missing
19,069,112
$59,114,247 30 Sep 2025
13F
Aquamarine Financial (Cayman) Ltd
13F
Company
class O/S missing
17,801,228
$55,183,807 30 Sep 2025
13F
DONALD SMITH & CO., INC.
13F
Company
class O/S missing
16,229,292
$50,310,805 30 Sep 2025
13F
BANK OF AMERICA CORP /DE/
13F
Company
class O/S missing
15,894,871
$49,274,100 30 Sep 2025
13F
DIMENSIONAL FUND ADVISORS LP
13F
Company
class O/S missing
12,044,353
$37,339,131 30 Sep 2025
13F
RENAISSANCE TECHNOLOGIES LLC
13F
Company
class O/S missing
10,857,148
$33,657,159 30 Sep 2025
13F
Itau Unibanco Holding S.A.
13F
Company
class O/S missing
9,956,261
$30,864,409 30 Sep 2025
13F
TWO SIGMA INVESTMENTS, LP
13F
Company
class O/S missing
7,491,210
$23,222,751 30 Sep 2025
13F
CAUSEWAY CAPITAL MANAGEMENT LLC
13F
Company
class O/S missing
7,189,270
$22,286,737 30 Sep 2025
13F
BlackRock, Inc.
13F
Company
class O/S missing
7,003,117
$21,709,662 30 Sep 2025
13F
MORGAN STANLEY
13F
Company
class O/S missing
6,687,098
$20,730,006 30 Sep 2025
13F
Optiver Holding B.V.
13F
Company
class O/S missing
5,435,331
$16,849,526 30 Sep 2025
13F
GOLDMAN SACHS GROUP INC
13F
Company
class O/S missing
5,212,804
$16,159,693 30 Sep 2025
13F
AMERICAN CENTURY COMPANIES INC
13F
Company
class O/S missing
4,821,008
$14,945,125 30 Sep 2025
13F
SPX Gestao de Recursos Ltda
13F
Company
class O/S missing
4,491,042
$13,922,230 30 Sep 2025
13F
STATE STREET CORP
13F
Company
class O/S missing
3,340,545
$10,355,690 30 Sep 2025
13F
VANGUARD GROUP INC
13F
Company
class O/S missing
3,255,593
$10,092,338 30 Sep 2025
13F
TWO SIGMA ADVISERS, LP
13F
Company
class O/S missing
3,219,360
$9,980,016 30 Sep 2025
13F
D. E. Shaw & Co., Inc.
13F
Company
class O/S missing
3,166,259
$9,815,403 30 Sep 2025
13F
FIL Ltd
13F
Company
class O/S missing
3,042,520
$9,431,812 30 Sep 2025
13F
MACKENZIE FINANCIAL CORP
13F
Company
class O/S missing
2,280,093
$7,068,288 30 Sep 2025
13F
Kawa Capital Management, Inc
13F
Company
class O/S missing
2,094,404
$6,492,652 30 Sep 2025
13F
UBS Group AG
13F
Company
class O/S missing
2,091,144
$6,482,547 30 Sep 2025
13F
MILLENNIUM MANAGEMENT LLC
13F
Company
class O/S missing
2,029,799
$6,292,377 30 Sep 2025
13F
CITADEL ADVISORS LLC
13F
Company
class O/S missing
2,008,015
$6,224,847 30 Sep 2025
13F
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC
13F
Company
class O/S missing
1,990,880
$6,171,729 30 Sep 2025
13F
MARSHALL WACE, LLP
13F
Company
class O/S missing
1,952,413
$6,052,479 30 Sep 2025
13F
Kapitalo Investimentos Ltda
13F
Company
class O/S missing
1,921,865
$5,957,782 30 Sep 2025
13F
Engineers Gate Manager LP
13F
Company
class O/S missing
1,627,043
$5,043,833 30 Sep 2025
13F
Sagil Capital LLP
13F
Company
class O/S missing
1,567,825
$4,860,258 30 Sep 2025
13F
Amundi
13F
Individual
class O/S missing
1,319,223
$4,300,667 30 Sep 2025
13F
Schonfeld Strategic Advisors LLC
13F
Company
class O/S missing
1,280,109
$3,968,337 30 Sep 2025
13F
VAN ECK ASSOCIATES CORP
13F
Company
class O/S missing
1,272,140
$3,944,000 30 Sep 2025
13F
AXA Investment Managers S.A.
13F
Company
class O/S missing
1,024,392
$3,175,615 30 Sep 2025
13F
NORTHERN TRUST CORP
13F
Company
class O/S missing
980,248
$3,038,769 30 Sep 2025
13F
Capital International Sarl
13F
Company
class O/S missing
952,005
$2,951,216 30 Sep 2025
13F
MASSACHUSETTS FINANCIAL SERVICES CO /MA/
13F
Company
class O/S missing
940,472
$2,915,463 30 Sep 2025
13F
Cubist Systematic Strategies, LLC
13F
Company
class O/S missing
925,457
$2,868,917 30 Sep 2025
13F
Connor, Clark & Lunn Investment Management Ltd.
13F
Company
class O/S missing
851,660
$2,640,146 30 Sep 2025
13F
Legal & General Group Plc
13F
Company
class O/S missing
840,628
$2,601,743 30 Sep 2025
13F
HSBC HOLDINGS PLC
13F
Company
class O/S missing
795,543
$2,466,185 30 Sep 2025
13F
SUSQUEHANNA INTERNATIONAL GROUP, LLP
13F
Company
class O/S missing
768,232
$2,381,520 30 Sep 2025
13F
Aquatic Capital Management LLC
13F
Company
class O/S missing
687,466
$2,131,145 30 Sep 2025
13F
Grantham, Mayo, Van Otterloo & Co. LLC
13F
Company
class O/S missing
641,323
$1,988,103 30 Sep 2025
13F
Qube Research & Technologies Ltd
13F
Company
class O/S missing
591,604
$1,833,972 30 Sep 2025
13F
CAPITAL INTERNATIONAL LTD /CA/
13F
Company
class O/S missing
586,778
$1,819,012 30 Sep 2025
13F
Virtus Family Office LLC
13F
Company
class O/S missing
575,069
$1,782,714 30 Sep 2025
13F
Virtu Financial LLC
13F
Company
class O/S missing
424,385
$1,316,000 30 Sep 2025
13F

Institutional Holders of GERDAU S.A. - SPON ADR REP PFD (GGB) as of Q4 2025

As of 31 Dec 2025, GERDAU S.A. - SPON ADR REP PFD (GGB) was held by 181 institutional shareholders that filed Form 13F with the SEC. Together, they reported ownership of 315,903,936 shares. The largest 10 holders included FMR LLC, Capital International Investors, DONALD SMITH & CO., INC., Aquamarine Financial (Cayman) Ltd, CONTRARIAN CAPITAL MANAGEMENT, L.L.C., DIMENSIONAL FUND ADVISORS LP, Itau Unibanco Holding S.A., CAUSEWAY CAPITAL MANAGEMENT LLC, BlackRock, Inc., and RENAISSANCE TECHNOLOGIES LLC. This page lists 181 institutional shareholders reporting positions in this security for the Q4 2025 filing period.
Investor Option Weight % Change % Value $ * Price Shares Share Change Activity Report Period

Compare Q4 2025 vs Q3 2025 Across Filers

Q3 2025 holders
176
Q4 2025 holders
181
Holder diff
5
Investor Q3 2025 Shares Q4 2025 Shares Share Diff Share Chg % Q3 2025 Value $ Q4 2025 Value $ Value Diff $ Value Chg %

Trend: ostatnie 8 kwartałów (+ wybrane okresy porównania).

Quarterly Holders Trend
Quarterly Value Trend
Quarterly Shares Trend
* Reported Price is the price of the security as of the portfolio date. This value is significant in that it is the last known price at which the security was still held.
An asterisk sign (*) next to the price indicates that the price is likely invalid.
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