Cliff Asness's STLD Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 347,280 shares of Steel Dynamics, Inc. (STLD) worth $58.85 M, representing 0.03% of the portfolio. First purchased in 2012-Q4, this long-term strategic position has been held for 53 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 2025 | -55,905 | Reduce 13.87% | 347,280 | $169.45 |
| Q3 2025 | -224,357 | Reduce 35.75% | 403,185 | $138.43 |
| Q2 2025 | +277,166 | Add 79.11% | 627,542 | $128.01 |
| Q1 2025 | +263,278 | Add 302.28% | 350,376 | $122.69 |
| Q4 2024 | -47,871 | Reduce 35.47% | 87,098 | $114.07 |
| Q3 2024 | -227,974 | Reduce 62.81% | 134,969 | $125.54 |
| Q2 2024 | -8,376 | Reduce 2.26% | 362,943 | $128.72 |
| Q1 2024 | -230,315 | Reduce 38.28% | 371,319 | $148.23 |
| Q4 2023 | -780,984 | Reduce 56.49% | 601,634 | $118.10 |
| Q3 2023 | -114,079 | Reduce 7.62% | 1.38 M | $107.08 |
| Q2 2023 | +216,896 | Add 16.95% | 1.5 M | $108.24 |
| Q1 2023 | +187,021 | Add 17.11% | 1.28 M | $111.17 |
| Q4 2022 | -457,168 | Reduce 29.50% | 1.09 M | $97.39 |
| Q3 2022 | -578,140 | Reduce 27.17% | 1.55 M | $70.95 |
| Q2 2022 | +506,418 | Add 31.23% | 2.13 M | $64.73 |
| Q1 2022 | +452,125 | Add 38.66% | 1.62 M | $83.43 |
| Q4 2021 | +593,919 | Add 103.18% | 1.17 M | $61.80 |
| Q3 2021 | +77,911 | Add 15.65% | 575,626 | $58.48 |
| Q2 2021 | -633,057 | Reduce 55.98% | 497,715 | $59.49 |
| Q1 2021 | -871,764 | Reduce 43.53% | 1.13 M | $50.76 |
| Q4 2020 | -1.04 M | Reduce 34.14% | 2 M | $36.35 |
| Q3 2020 | -355,861 | Reduce 10.48% | 3.04 M | $28.63 |
| Q2 2020 | -645,184 | Reduce 15.96% | 3.4 M | $25.60 |
| Q1 2020 | +1.05 M | Add 35.08% | 4.04 M | $21.81 |
| Q4 2019 | +245,989 | Add 8.96% | 2.99 M | $34.04 |
| Q3 2019 | -21,685 | Reduce 0.78% | 2.75 M | $29.22 |
| Q2 2019 | -334,929 | Reduce 10.80% | 2.77 M | $30.20 |
| Q1 2019 | +523,150 | Add 20.28% | 3.1 M | $35.27 |
| Q4 2018 | +621,180 | Add 31.72% | 2.58 M | $30.04 |
| Q3 2018 | -741,302 | Reduce 27.46% | 1.96 M | $45.19 |
| Q2 2018 | +897,884 | Add 49.84% | 2.7 M | $45.95 |
| Q1 2018 | +772,773 | Add 75.11% | 1.8 M | $44.22 |
| Q4 2017 | -1.15 M | Reduce 52.88% | 1.03 M | $43.13 |
| Q3 2017 | -374,295 | Reduce 14.63% | 2.18 M | $34.47 |
| Q2 2017 | -1.33 M | Reduce 34.15% | 2.56 M | $35.81 |
| Q1 2017 | -851,267 | Reduce 17.98% | 3.88 M | $34.76 |
| Q4 2016 | +782,961 | Add 19.81% | 4.74 M | $35.58 |
| Q3 2016 | +867,890 | Add 28.14% | 3.95 M | $24.99 |
| Q2 2016 | -611,225 | Reduce 16.54% | 3.08 M | $24.50 |
| Q1 2016 | -362,074 | Reduce 8.92% | 3.7 M | $22.51 |
| Q4 2015 | +393,815 | Add 10.75% | 4.06 M | $17.87 |
| Q3 2015 | +870,157 | Add 31.15% | 3.66 M | $17.18 |
| Q2 2015 | +411,413 | Add 17.27% | 2.79 M | $20.72 |
| Q1 2015 | +586,420 | Add 32.65% | 2.38 M | $20.10 |
| Q4 2014 | -86,322 | Reduce 4.59% | 1.8 M | $19.74 |
| Q3 2014 | -602,121 | Reduce 24.24% | 1.88 M | $22.61 |
| Q2 2014 | -22,946 | Reduce 0.92% | 2.48 M | $17.95 |
| Q1 2014 | -237,400 | Reduce 8.65% | 2.51 M | $17.79 |
| Q4 2013 | +452,088 | Add 19.72% | 2.74 M | $19.54 |
| Q3 2013 | -177,728 | Reduce 7.19% | 2.29 M | $16.71 |
| Q2 2013 | +2.47 M | Add 0.00% | 2.47 M | $14.91 |
| Q4 2012 | +2.78 M | Add 0.00% | 2.78 M | $13.73 |
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 53 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 Q4 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 347,280 shares of Steel Dynamics, Inc. (STLD), valued at approximately $58.85 M.
As of the Q4 2025 filing, Steel Dynamics, Inc. (STLD) represents approximately 0.03% 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.