GERDAU SA

Ticker: GGB CUSIP: 373737105 Class: ADR

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

New Positions (22)

Increased Positions (53)

Aquamarine Financial (Cayman) Ltd
Value ($000) $72,052 (+30.6%) Shares 19,526,171 (+9.7%)
DONALD SMITH & CO., INC.
Value ($000) $89,341 (+77.6%) Shares 24,211,588 (+49.2%)
SPX Gestao de Recursos Ltda
Value ($000) $18,061 (+29.7%) Shares 4,894,496 (+9.0%)
Hartree Partners, LP
Value ($000) $775 (+39.6%) Shares 210,000 (+17.3%)
XTX Topco Ltd
Value ($000) $2,172 (+122.4%) Shares 588,619 (+86.8%)
Aquatic Capital Management LLC
Value ($000) $3,797 (+78.2%) Shares 1,028,902 (+49.7%)
MACKENZIE FINANCIAL CORP
Value ($000) $15,286 (+116.3%) Shares 4,117,253 (+80.6%)
Point72 Asset Management, L.P.
Value ($000) $7,647 (+551.6%) Shares 2,072,395 (+447.4%)
FMR LLC
Value ($000) $364,025 (+37.7%) Shares 98,651,805 (+15.7%)
CITADEL ADVISORS LLC
Value ($000) $22,391 (+259.7%) Shares 6,067,900 (+202.2%)
MILLENNIUM MANAGEMENT LLC
Value ($000) $12,934 (+105.6%) Shares 3,505,150 (+72.7%)
PharVision Advisers, LLC
Value ($000) $101 (+47.3%) Shares 27,308 (+23.7%)
AMERICAN CENTURY COMPANIES INC
Value ($000) $20,015 (+33.9%) Shares 5,424,093 (+12.5%)
UBS Group AG
Value ($000) $11,197 (+72.7%) Shares 3,034,398 (+45.1%)
State of Wyoming
Value ($000) $89 (+293.0%) Shares 24,228 (+230.2%)
MASSACHUSETTS FINANCIAL SERVICES CO /MA/
Value ($000) $4,897 (+68.0%) Shares 1,327,066 (+41.1%)
Ethic Inc.
Value ($000) $1,097 (+42.3%) Shares 297,228 (+19.5%)
SEI INVESTMENTS CO
Value ($000) $1,041 (+338.2%) Shares 282,193 (+268.1%)
STATE STREET CORP
Value ($000) $13,029 (+25.8%) Shares 3,531,028 (+5.7%)
Creative Planning
Value ($000) $971 (+110.7%) Shares 263,111 (+77.0%)

Decreased Positions (59)

Itau Unibanco Holding S.A.
Value ($000) $32,295 (+4.6%) Shares 8,744,732 (-12.2%)
Engineers Gate Manager LP
Value ($000) $177 (-96.5%) Shares 47,879 (-97.1%)
RENAISSANCE TECHNOLOGIES LLC
Value ($000) $22,920 (-31.9%) Shares 6,211,324 (-42.8%)
TWO SIGMA INVESTMENTS, LP
Value ($000) $13,841 (-40.4%) Shares 3,751,067 (-49.9%)
TWO SIGMA ADVISERS, LP
Value ($000) $1,939 (-80.6%) Shares 525,580 (-83.7%)
Virtu Financial LLC
Value ($000) $0 (-66.6%) Shares 119,006 (-72.0%)
GSA CAPITAL PARTNERS LLP
Value ($000) $1 (-47.1%) Shares 140,640 (-55.5%)
Schonfeld Strategic Advisors LLC
Value ($000) $2,015 (-49.2%) Shares 545,963 (-57.4%)
BANK OF AMERICA CORP /DE/
Value ($000) $425 (-99.1%) Shares 115,043 (-99.3%)
Quantbot Technologies LP
Value ($000) $995 (-17.8%) Shares 269,554 (-31.0%)
Optiver Holding B.V.
Value ($000) $9,339 (-44.6%) Shares 2,530,923 (-53.4%)
Aigen Investment Management, LP
Value ($000) $71 (-43.5%) Shares 19,304 (-52.5%)
Capital International Investors
Value ($000) $101,163 (+5.1%) Shares 27,415,434 (-11.7%)
D. E. Shaw & Co., Inc.
Value ($000) $5,961 (-39.3%) Shares 1,615,446 (-49.0%)
CAPITAL INTERNATIONAL LTD /CA/
Value ($000) $1,948 (+7.1%) Shares 527,933 (-10.0%)
GOLDMAN SACHS GROUP INC
Value ($000) $9,690 (-40.0%) Shares 2,626,041 (-49.6%)
UBS ASSET MANAGEMENT AMERICAS INC
Value ($000) $495 (-92.0%) Shares 134,021 (-93.3%)
CAPITAL GROUP INVESTMENT MANAGEMENT PTE. LTD.
Value ($000) $433 (+7.3%) Shares 117,331 (-9.8%)
FIL Ltd
Value ($000) $9,389 (-0.5%) Shares 2,544,394 (-16.4%)
VANGUARD GROUP INC
Value ($000) $8,116 (-19.6%) Shares 2,199,360 (-32.4%)

Exited Positions (18)