Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Steel Dynamics Inc (STLD)

1K + Investors. Track Smart Money conviction in STLD. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +82
Streak
3Q ▲
Buyers last Q
52%

Smart Money Signals — STLD

Based on 1018 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 6Q
For 3 consecutive quarters, more hedge funds added STLD than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
1,018 hedge funds hold STLD right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
🚀

Fast accumulation — +26% more funds vs a year ago

fund count last 6Q
+213 new funds entered over the past year (+26% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟡

Slight buying edge — 52% buying

504 buying458 selling
Last quarter: 504 funds bought or added vs 458 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
📈

More new buyers each quarter (+31 vs last Q)

new funds entering per quarter
Funds opening a new STLD position: 89 → 180 → 131 → 162. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

59% of holders stayed for 2+ years

■ 59% conviction (2yr+) ■ 18% medium ■ 22% new
605 out of 1,018 hedge funds have held STLD for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
➡️

Steady discovery — ~162 new funds/quarter

97 → 89 → 180 → 131 → 162 new funds/Q
New funds entering each quarter: 89 → 180 → 131 → 162. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 66% veterans vs 23% newcomers

■ 66% veterans ■ 11% 1-2yr ■ 23% new
Entry-cohort mix of 1,054 holders: 698 (66%) are 2+ year veterans, 116 entered 1–2 years ago, and 240 (23%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 60% AUM from top-100 funds

60% from top-100 AUM funds
65 of 1010 holders are among the 100 largest funds by AUM, controlling 60% of total institutional value in STLD. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.9
out of 10
Low Exit Risk
Exit risk score 3.9/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — STLD

In 2026 Q2, 504 hedge funds were net buyers of STLD (162 opened a new position, 342 added to an existing one), while 458 reduced or exited (378 trimmed, 80 sold completely) — a 52% buyer ratio, indicating a slight buying edge. This marks 3 consecutive quarters of net institutional buying — a persistent conviction signal. 60% of total institutional value in STLD is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +82 funds (more new holders than closures). Total institutional holders: 1018.

Hedge Fund Ownership: STLD

How many hedge funds hold STLD — quarterly history vs. share price
Quarterly hedge fund ownership of STLD vs. share price

Market Analysis: STLD

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: STLD

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Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

35 top-rated funds 5 high-conviction
Consensus
6.8
/ 10
breadth
×
Elite
3.5
/ 10
conviction
Hedge Fund Positioning: STLD
1K + Investors

Track Smart Money conviction in STLD. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 1005 936 7.37%
13F Shares 120M 120M 0.21%
Total Value $26.13B $20.14B 29.76%
New Positions 161 131 +30
Increased Positions 333 328 +5
Closed Positions 84 102 -18
Reduced Positions 366 319 +47
Total Calls 23 16 43.75%
Total Puts 19 15 26.67%
PUT/CALL Ratio 0.83 0.94 Neutral

Statistics: STLD

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Institutional Holders (2026 Q2)

1K + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in STLD. Verified SEC 13F-HR filings.

QUARTER:
Top 25 STLD holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Winmill & CO. Inc 8.57% 168,747 $38.7M
2 Paradiem, LLC 5.11% 103,396 $23.7M
3 Karani Asset Management LLC 2.94% 17,764 $4.1M
4 Pathway Financial Advisers, LLC 2.61% 45,098 $10.3M
5 Life Cycle Investment Partners Ltd 2.46% 2,298,976 $527.5M
6 Waycross Investment Management Co 2.27% 13,016 $3.0M
7 Kinsale Capital Group, Inc. 1.71% 56,258 $12.9M
8 Sierra Summit Advisors LLC 1.68% 65,539 $15.0M
9 Monarch Capital Management Inc 1.40% 26,525 $6.1M
10 STAR Financial Bank 1.39% 14,882 $3.4M
11 Mfg Wealth Management, INC. 1.35% 8,239 $1.9M
12 Sapient Capital LLC 1.35% 447,664 $103.0M
13 Alpine Woods Capital Investors, LLC 1.35% 26,994 $6.2M
14 Laffer Tengler Investments, INC. 1.26% 42,976 $9.9M
15 Stiles Financial Services Inc 1.22% 21,115 $4.8M
16 Significant Wealth Partners LLC 1.18% 4,743 $1.1M
17 Hosking Partners LLP 1.13% 148,084 $34.0M
18 Greenfield Savings Bank 1.11% 12,751 $2.9M
19 Peregrine Asset Advisers, Inc. 1.07% 21,583 $5.0M
20 DMC Group, LLC 1.03% 6,525 $1.5M
21 SageGuard Financial Group, LLC 1.03% 31,802 $7.3M
22 MinichMacGregor Wealth Management, LLC 1.01% 28,979 $6.6M
23 Genus Capital Management Inc. 0.99% 43,710 $10.0M
24 Distillate Capital Partners LLC 0.96% 80,703 $18.5M
25 Purkiss Capital Advisors LLC 0.90% 10,247 $2.4M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Steel Dynamics Inc (STLD)

What does the Smart Money Trend signal show for STLD?

Buying streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds added STLD than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for STLD?

Slight buying edge — 52% buying: Last quarter: 504 funds bought or added vs 458 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for STLD holders?

Elite ownership — 60% AUM from top-100 funds: 65 of 1010 holders are among the 100 largest funds by AUM, controlling 60% of total institutional value in STLD. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held STLD?

59% of holders stayed for 2+ years: 605 out of 1,018 hedge funds have held STLD for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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