Renaissance Technologies's GGB Position Overview
Renaissance Technologies (via Renaissance Technologies LLC) currently holds 10.86 M shares of Gerdau S.A. (GGB) worth $33.66 M, representing 0.04% 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, Renaissance Technologies has maintained a long-term strategic position in GGB, representing a significant commitment to this investment thesis. Largest addition occurred in Q2 2016, adding 9.46 M shares. Largest reduction occurred in Q4 2018, reducing 7.7 M shares.
Analysis based on 13F filings available since 2013 Q2
Renaissance Technologies's Gerdau (GGB) Holding Value Over Time
Track share changes against reported price movement
Quarterly Gerdau (GGB) Trades by Renaissance Technologies
| Period | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q2 2013 | +6.9 M | Add 0.00% | 6.9 M | $4.53 |
| Q3 2013 | -6.9 M | Sold Out | 6.9 M | $0.00 |
| Q1 2014 | +1.75 M | New Buy | 1.75 M | $5.09 |
| Q2 2014 | -1.34 M | Reduce 76.16% | 418,194 | $4.67 |
| Q3 2014 | -418,194 | Sold Out | 418,194 | $0.00 |
| Q4 2014 | +2.75 M | New Buy | 2.75 M | $2.82 |
| Q1 2015 | +355,320 | Add 12.92% | 3.11 M | $2.54 |
| Q2 2015 | +811,692 | Add 26.14% | 3.92 M | $1.91 |
| Q3 2015 | +676,746 | Add 17.28% | 4.59 M | $1.09 |
| Q4 2015 | +3 M | Add 65.35% | 7.6 M | $0.95 |
| Q1 2016 | +4.75 M | Add 62.52% | 12.34 M | $1.41 |
| Q2 2016 | +9.46 M | Add 76.61% | 21.8 M | $1.44 |
| Q3 2016 | +5.92 M | Add 27.16% | 27.72 M | $2.16 |
| Q4 2016 | -4.38 M | Reduce 15.79% | 23.34 M | $2.49 |
| Q1 2017 | -6.84 M | Reduce 29.28% | 16.51 M | $2.74 |
| Q2 2017 | -778,680 | Reduce 4.72% | 15.73 M | $2.42 |
| Q3 2017 | +5.41 M | Add 34.41% | 21.14 M | $2.72 |
| Q4 2017 | -794,682 | Reduce 3.76% | 20.35 M | $2.95 |
| Q1 2018 | -3.51 M | Reduce 17.24% | 16.84 M | $3.70 |
| Q2 2018 | -3.54 M | Reduce 21.01% | 13.3 M | $2.81 |
| Q3 2018 | -3.74 M | Reduce 28.12% | 9.56 M | $3.34 |
| Q4 2018 | -7.7 M | Reduce 80.50% | 1.86 M | $2.98 |
| Q1 2019 | -1.86 M | Sold Out | 1.86 M | $0.00 |
| Q1 2020 | +6.16 M | New Buy | 6.16 M | $1.52 |
| Q2 2020 | -1.91 M | Reduce 31.03% | 4.25 M | $2.35 |
| Q3 2020 | -4.25 M | Sold Out | 4.25 M | $0.00 |
| Q1 2021 | +2.41 M | New Buy | 2.41 M | $4.24 |
| Q2 2021 | +5.22 M | Add 217.20% | 7.63 M | $4.68 |
| Q3 2021 | +155,280 | Add 2.04% | 7.78 M | $3.90 |
| Q4 2021 | +3,984 | Add 0.05% | 7.79 M | $3.90 |
| Q1 2022 | -2.71 M | Reduce 34.82% | 5.08 M | $5.10 |
| Q2 2022 | -745,416 | Reduce 14.68% | 4.33 M | $3.40 |
| Q3 2022 | -1.11 M | Reduce 25.68% | 3.22 M | $3.59 |
| Q4 2022 | -198,951 | Reduce 6.18% | 3.02 M | $0.00 |
| Q1 2023 | +4.36 M | Add 144.54% | 7.38 M | $0.00 |
| Q2 2023 | -3.3 M | Reduce 44.70% | 4.08 M | $0.00 |
| Q3 2023 | -1.85 M | Reduce 45.32% | 2.23 M | $3.98 |
| Q4 2023 | +491,190 | Add 22.00% | 2.72 M | $4.04 |
| Q1 2024 | -2.72 M | Sold Out | 2.72 M | $0.00 |
| Q2 2024 | +1.84 M | New Buy | 1.84 M | $3.30 |
| Q3 2024 | +505,537 | Add 27.42% | 2.35 M | $3.50 |
| Q4 2024 | +3.26 M | Add 138.65% | 5.61 M | $2.88 |
| Q1 2025 | +2.78 M | Add 49.57% | 8.39 M | $2.84 |
| Q2 2025 | +1.86 M | Add 22.15% | 10.24 M | $2.92 |
| Q3 2025 | +613,547 | Add 5.99% | 10.86 M | $3.10 |
Renaissance Technologies's Gerdau Investment FAQs
Renaissance Technologies first purchased Gerdau S.A. (GGB) in Q2 2013, acquiring 6,897,870 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Renaissance Technologies 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.
Renaissance Technologies's largest addition to Gerdau S.A. (GGB) was in Q2 2016, adding 21,800,645 shares worth $31.49 M. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
According to the latest 13F filing for Q3 2025, Renaissance Technologies's firm, Renaissance Technologies LLC, owns 10,857,148 shares of Gerdau S.A. (GGB), valued at approximately $33.66 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 0.04% of Renaissance Technologies'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.
Renaissance Technologies's peak holding in Gerdau S.A. (GGB) was 27,720,629 shares, as reported at the end of Q3 2016. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.