Jeremy Grantham's GGB Position Overview
Jeremy Grantham (via Grantham, Mayo, Van Otterloo & Co. LLC) currently holds 641,323 shares of Gerdau S.A. (GGB) worth $1.99 M, representing 0.01% of the portfolio. First purchased in 2013-Q2, this long-term strategic position has been held for 50 quarters.
Based on 13F filings since 2013, Jeremy Grantham has maintained a long-term strategic position in GGB, representing a significant commitment to this investment thesis. Largest addition occurred in Q4 2022, adding 4.98 M shares. Largest reduction occurred in Q4 2015, reducing 3.29 M shares.
Analysis based on 13F filings available since 2013 Q2
Jeremy Grantham's Gerdau (GGB) Holding Value Over Time
Track share changes against reported price movement
Quarterly Gerdau (GGB) Trades by Jeremy Grantham
| Period | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q2 2013 | +4.32 M | Add 0.00% | 4.32 M | $4.53 |
| Q3 2013 | -240,660 | Reduce 5.57% | 4.08 M | $5.92 |
| Q4 2013 | +73,042 | Add 1.79% | 4.15 M | $6.22 |
| Q1 2014 | +360,738 | Add 8.69% | 4.51 M | $5.09 |
| Q2 2014 | -170,676 | Reduce 3.78% | 4.34 M | $4.67 |
| Q3 2014 | +113,778 | Add 2.62% | 4.45 M | $3.81 |
| Q4 2014 | +3.23 M | Add 72.43% | 7.68 M | $2.82 |
| Q1 2015 | -320,166 | Reduce 4.17% | 7.36 M | $2.54 |
| Q2 2015 | -1.46 M | Reduce 19.81% | 5.9 M | $1.91 |
| Q3 2015 | -2.28 M | Reduce 38.61% | 3.62 M | $1.09 |
| Q4 2015 | -3.29 M | Reduce 90.74% | 335,311 | $0.95 |
| Q1 2016 | -335,311 | Sold Out | 335,311 | $0.00 |
| Q1 2017 | +137,214 | New Buy | 137,214 | $2.74 |
| Q2 2017 | +200,592 | Add 146.19% | 337,806 | $2.42 |
| Q3 2017 | -337,806 | Sold Out | 337,806 | $0.00 |
| Q3 2018 | +44,352 | New Buy | 44,352 | $3.34 |
| Q3 2019 | -44,352 | Sold Out | 44,352 | $0.00 |
| Q2 2021 | +1.21 M | New Buy | 1.21 M | $4.68 |
| Q3 2021 | -1.21 M | Sold Out | 1.21 M | $0.00 |
| Q1 2022 | +419,958 | New Buy | 419,958 | $5.10 |
| Q2 2022 | -319,788 | Reduce 76.15% | 100,170 | $3.40 |
| Q3 2022 | +178,164 | Add 177.86% | 278,334 | $3.59 |
| Q4 2022 | +4.98 M | Add 1787.98% | 5.25 M | $4.40 |
| Q1 2023 | +2.84 M | Add 54.09% | 8.1 M | $4.11 |
| Q2 2023 | +1.85 M | Add 22.83% | 9.95 M | $4.35 |
| Q3 2023 | -160,056 | Reduce 1.61% | 9.79 M | $3.97 |
| Q4 2023 | -2.34 M | Reduce 23.88% | 7.45 M | $4.04 |
| Q1 2024 | -746,191 | Reduce 10.02% | 6.7 M | $3.68 |
| Q2 2024 | -2.81 M | Reduce 41.85% | 3.9 M | $3.30 |
| Q3 2024 | -651,428 | Reduce 16.71% | 3.25 M | $3.50 |
| Q4 2024 | +1.56 M | Add 47.97% | 4.8 M | $2.88 |
| Q1 2025 | -1.17 M | Reduce 24.44% | 3.63 M | $2.84 |
| Q2 2025 | -2.93 M | Reduce 80.66% | 702,020 | $2.92 |
| Q3 2025 | -60,697 | Reduce 8.65% | 641,323 | $3.10 |
Jeremy Grantham's Gerdau Investment FAQs
Jeremy Grantham first purchased Gerdau S.A. (GGB) in Q2 2013, acquiring 4,317,434 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Jeremy Grantham has held Gerdau S.A. (GGB) for 50 quarters since Q2 2013. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Jeremy Grantham's largest addition to Gerdau S.A. (GGB) was in Q4 2022, adding 5,254,899 shares worth $23.1 M. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
According to the latest 13F filing for Q3 2025, Jeremy Grantham's firm, Grantham, Mayo, Van Otterloo & Co. LLC, owns 641,323 shares of Gerdau S.A. (GGB), valued at approximately $1.99 M. 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 0.01% of Jeremy Grantham'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.
Jeremy Grantham's peak holding in Gerdau S.A. (GGB) was 9,946,332 shares, as reported at the end of Q2 2023. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.