Cliff Asness's STLD Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 403,185 shares of Steel Dynamics, Inc. (STLD) worth $55.81 M, representing 0.04% 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 STLD, representing a significant commitment to this investment thesis. Largest addition occurred in Q1 2020, adding 1.05 M shares. Largest reduction occurred in Q2 2017, reducing 1.33 M shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's Steel Dynamics (STLD) Holding Value Over Time
Track share changes against reported price movement
Quarterly Steel Dynamics (STLD) Trades by Cliff Asness
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2012 | +2.78 M | Add 0.00% | 2.78 M | $13.73 |
| Q2 2013 | +2.47 M | Add 0.00% | 2.47 M | $14.91 |
| Q3 2013 | -177,728 | Reduce 7.19% | 2.29 M | $16.71 |
| Q4 2013 | +452,088 | Add 19.72% | 2.74 M | $19.54 |
| Q1 2014 | -237,400 | Reduce 8.65% | 2.51 M | $17.79 |
| Q2 2014 | -22,946 | Reduce 0.92% | 2.48 M | $17.95 |
| Q3 2014 | -602,121 | Reduce 24.24% | 1.88 M | $22.61 |
| Q4 2014 | -86,322 | Reduce 4.59% | 1.8 M | $19.74 |
| Q1 2015 | +586,420 | Add 32.65% | 2.38 M | $20.10 |
| Q2 2015 | +411,413 | Add 17.27% | 2.79 M | $20.72 |
| Q3 2015 | +870,157 | Add 31.15% | 3.66 M | $17.18 |
| Q4 2015 | +393,815 | Add 10.75% | 4.06 M | $17.87 |
| Q1 2016 | -362,074 | Reduce 8.92% | 3.7 M | $22.51 |
| Q2 2016 | -611,225 | Reduce 16.54% | 3.08 M | $24.50 |
| Q3 2016 | +867,890 | Add 28.14% | 3.95 M | $24.99 |
| Q4 2016 | +782,961 | Add 19.81% | 4.74 M | $35.58 |
| Q1 2017 | -851,267 | Reduce 17.98% | 3.88 M | $34.76 |
| Q2 2017 | -1.33 M | Reduce 34.15% | 2.56 M | $35.81 |
| Q3 2017 | -374,295 | Reduce 14.63% | 2.18 M | $34.47 |
| Q4 2017 | -1.15 M | Reduce 52.88% | 1.03 M | $43.13 |
| Q1 2018 | +772,773 | Add 75.11% | 1.8 M | $44.22 |
| Q2 2018 | +897,884 | Add 49.84% | 2.7 M | $45.95 |
| Q3 2018 | -741,302 | Reduce 27.46% | 1.96 M | $45.19 |
| Q4 2018 | +621,180 | Add 31.72% | 2.58 M | $30.04 |
| Q1 2019 | +523,150 | Add 20.28% | 3.1 M | $35.27 |
| Q2 2019 | -334,929 | Reduce 10.80% | 2.77 M | $30.20 |
| Q3 2019 | -21,685 | Reduce 0.78% | 2.75 M | $29.22 |
| Q4 2019 | +245,989 | Add 8.96% | 2.99 M | $34.04 |
| Q1 2020 | +1.05 M | Add 35.08% | 4.04 M | $21.81 |
| Q2 2020 | -645,184 | Reduce 15.96% | 3.4 M | $25.60 |
| Q3 2020 | -355,861 | Reduce 10.48% | 3.04 M | $28.63 |
| Q4 2020 | -1.04 M | Reduce 34.14% | 2 M | $36.35 |
| Q1 2021 | -871,764 | Reduce 43.53% | 1.13 M | $50.76 |
| Q2 2021 | -633,057 | Reduce 55.98% | 497,715 | $59.49 |
| Q3 2021 | +77,911 | Add 15.65% | 575,626 | $58.48 |
| Q4 2021 | +593,919 | Add 103.18% | 1.17 M | $61.80 |
| Q1 2022 | +452,125 | Add 38.66% | 1.62 M | $83.43 |
| Q2 2022 | +506,418 | Add 31.23% | 2.13 M | $64.73 |
| Q3 2022 | -578,140 | Reduce 27.17% | 1.55 M | $70.95 |
| Q4 2022 | -457,168 | Reduce 29.50% | 1.09 M | $97.39 |
| Q1 2023 | +187,021 | Add 17.11% | 1.28 M | $111.17 |
| Q2 2023 | +216,896 | Add 16.95% | 1.5 M | $108.24 |
| Q3 2023 | -114,079 | Reduce 7.62% | 1.38 M | $107.08 |
| Q4 2023 | -780,984 | Reduce 56.49% | 601,634 | $118.10 |
| Q1 2024 | -230,315 | Reduce 38.28% | 371,319 | $148.23 |
| Q2 2024 | -8,376 | Reduce 2.26% | 362,943 | $128.72 |
| Q3 2024 | -227,974 | Reduce 62.81% | 134,969 | $125.54 |
| Q4 2024 | -47,871 | Reduce 35.47% | 87,098 | $114.07 |
| Q1 2025 | +263,278 | Add 302.28% | 350,376 | $122.69 |
| Q2 2025 | +277,166 | Add 79.11% | 627,542 | $128.01 |
| Q3 2025 | -224,357 | Reduce 35.75% | 403,185 | $138.43 |
Cliff Asness's Steel Dynamics Investment FAQs
Cliff Asness first purchased Steel Dynamics, Inc. (STLD) in Q4 2012, acquiring 2,779,669 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 Steel Dynamics, Inc. (STLD) for 52 quarters since Q4 2012.
Cliff Asness's largest addition to Steel Dynamics, Inc. (STLD) was in Q4 2012, adding 2,779,669 shares worth $38.16 M.
According to the latest 13F filing for Q3 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 403,185 shares of Steel Dynamics, Inc. (STLD), valued at approximately $55.81 M.
As of the Q3 2025 filing, Steel Dynamics, Inc. (STLD) represents approximately 0.04% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings.
Cliff Asness's peak holding in Steel Dynamics, Inc. (STLD) was 4,735,334 shares, as reported at the end of Q4 2016.