GERDAU SA

Ticker: GGB CUSIP: 373737105 Class: ADR

DONALD SMITH & CO., INC.'s Holding History (CIK: 0000814375)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025
Shares 24,211,588 Value ($000) $89,341 Avg Close — Range —
Q3 2025
Shares 16,229,292 Value ($000) $50,311 Avg Close — Range —
Q2 2025
Shares 5,972,460 Value ($000) $17,440 Avg Close — Range —