Cliff Asness's GGB Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 200,213 shares of Gerdau S.A. (GGB) worth $620,660, representing 0.00% of the portfolio. First purchased in 2012-Q4, this long-term strategic position has been held for 52 quarters.
Based on 13F filings since 2013, Cliff Asness has maintained a long-term strategic position in GGB, representing a significant commitment to this investment thesis. Largest addition occurred in Q3 2022, adding 4.28 M shares. Largest reduction occurred in Q4 2022, reducing 3.14 M shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's Gerdau (GGB) Holding Value Over Time
Track share changes against reported price movement
Quarterly Gerdau (GGB) Trades by Cliff Asness
| Period | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2012 | +390,601 | Add 0.00% | 390,600 | $7.14 |
| Q2 2013 | +77,869 | Add 0.00% | 77,868 | $4.53 |
| Q3 2013 | +2,016 | Add 2.59% | 79,884 | $5.92 |
| Q4 2013 | -17,388 | Reduce 21.77% | 62,496 | $6.22 |
| Q1 2014 | +834,120 | Add 1334.68% | 896,616 | $5.09 |
| Q2 2014 | +2.91 M | Add 324.66% | 3.81 M | $4.67 |
| Q3 2014 | -759,654 | Reduce 19.95% | 3.05 M | $3.81 |
| Q4 2014 | -1.68 M | Reduce 55.13% | 1.37 M | $2.82 |
| Q1 2015 | +1.53 M | Add 111.84% | 2.9 M | $2.54 |
| Q2 2015 | -2.24 M | Reduce 77.19% | 660,793 | $1.91 |
| Q3 2015 | -612,535 | Reduce 92.70% | 48,258 | $1.08 |
| Q4 2015 | +1,392 | Add 2.88% | 49,650 | $0.95 |
| Q1 2016 | -5,333 | Reduce 10.74% | 44,317 | $1.42 |
| Q2 2016 | -2,281 | Reduce 5.15% | 42,036 | $1.45 |
| Q3 2016 | +4,143 | Add 9.86% | 46,179 | $2.17 |
| Q4 2016 | +2,660 | Add 5.76% | 48,839 | $2.50 |
| Q1 2017 | +11,873 | Add 24.31% | 60,712 | $2.73 |
| Q2 2017 | -9,014 | Reduce 14.85% | 51,698 | $2.42 |
| Q3 2017 | +13,740 | Add 26.58% | 65,438 | $2.72 |
| Q4 2017 | +18,909 | Add 28.90% | 84,347 | $2.95 |
| Q2 2018 | +6,988 | Add 8.28% | 91,335 | $2.81 |
| Q3 2018 | +7,120 | Add 7.80% | 98,455 | $3.34 |
| Q4 2018 | -21,464 | Reduce 21.80% | 76,991 | $2.99 |
| Q1 2019 | +1.92 M | Add 2494.22% | 2 M | $3.08 |
| Q2 2019 | -1.47 M | Reduce 73.83% | 522,754 | $3.09 |
| Q3 2019 | +268,951 | Add 51.45% | 791,705 | $2.50 |
| Q4 2019 | -149,165 | Reduce 18.84% | 642,540 | $3.89 |
| Q1 2020 | -297,224 | Reduce 46.26% | 345,316 | $1.51 |
| Q2 2020 | -174,263 | Reduce 50.46% | 171,053 | $2.35 |
| Q3 2020 | +12,704 | Add 7.43% | 183,757 | $2.94 |
| Q4 2020 | -3,805 | Reduce 2.07% | 179,952 | $3.71 |
| Q1 2021 | -31,534 | Reduce 17.52% | 148,418 | $4.24 |
| Q2 2021 | +3,820 | Add 2.57% | 152,238 | $4.68 |
| Q3 2021 | +13,904 | Add 9.13% | 166,142 | $3.91 |
| Q4 2021 | +101,250 | Add 60.94% | 267,392 | $3.90 |
| Q1 2022 | +1.79 M | Add 668.93% | 2.06 M | $5.10 |
| Q2 2022 | -361,409 | Reduce 17.58% | 1.69 M | $3.40 |
| Q3 2022 | +4.28 M | Add 252.86% | 5.98 M | $3.59 |
| Q4 2022 | -3.14 M | Reduce 52.48% | 2.84 M | $4.40 |
| Q1 2023 | -103,255 | Reduce 3.63% | 2.74 M | $4.11 |
| Q2 2023 | +79,415 | Add 2.90% | 2.82 M | $4.35 |
| Q3 2023 | +2.61 M | Add 92.51% | 5.42 M | $3.98 |
| Q4 2023 | +243,588 | Add 4.49% | 5.67 M | $4.04 |
| Q1 2024 | -2.34 M | Reduce 41.22% | 3.33 M | $3.68 |
| Q2 2024 | -1.63 M | Reduce 48.78% | 1.71 M | $3.30 |
| Q3 2024 | -1.07 M | Reduce 62.84% | 634,283 | $3.50 |
| Q4 2024 | -282,922 | Reduce 44.61% | 351,361 | $2.88 |
| Q1 2025 | +231,588 | Add 65.91% | 582,949 | $2.84 |
| Q2 2025 | -374,864 | Reduce 64.30% | 208,085 | $2.92 |
| Q3 2025 | -7,872 | Reduce 3.78% | 200,213 | $3.10 |
Cliff Asness's Gerdau Investment FAQs
Cliff Asness first purchased Gerdau S.A. (GGB) in Q4 2012, acquiring 390,600 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness has held Gerdau S.A. (GGB) for 52 quarters since Q4 2012. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness's largest addition to Gerdau S.A. (GGB) was in Q3 2022, adding 5,979,627 shares worth $21.45 M. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
According to the latest 13F filing for Q3 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 200,213 shares of Gerdau S.A. (GGB), valued at approximately $620,660. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
As of the Q3 2025 filing, Gerdau S.A. (GGB) represents approximately 0.00% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness's peak holding in Gerdau S.A. (GGB) was 5,979,627 shares, as reported at the end of Q3 2022. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.