Renaissance Technologies's GGB Position Overview
Renaissance Technologies (via Renaissance Technologies LLC) currently holds 6.21 M shares of Gerdau S.A. (GGB) worth $22.92 M, representing 0.04% of the portfolio. First purchased in 2013-Q2, this long-term strategic position has been held for 46 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
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | -4.65 M | Reduce 42.79% | 6.21 M | $3.69 |
| Q3 2025 | +613,547 | Add 5.99% | 10.86 M | $3.10 |
| Q2 2025 | +1.86 M | Add 22.15% | 10.24 M | $2.92 |
| Q1 2025 | +2.78 M | Add 49.57% | 8.39 M | $2.84 |
| Q4 2024 | +3.26 M | Add 138.65% | 5.61 M | $2.88 |
| Q3 2024 | +505,537 | Add 27.42% | 2.35 M | $3.50 |
| Q2 2024 | +1.84 M | New Buy | 1.84 M | $3.30 |
| Q1 2024 | -2.72 M | Sold Out | 0 | $0.00 |
| Q4 2023 | +491,190 | Add 22.00% | 2.72 M | $4.04 |
| Q3 2023 | -1.85 M | Reduce 45.32% | 2.23 M | $3.98 |
| Q2 2023 | -3.3 M | Reduce 44.70% | 4.08 M | $0.00 |
| Q1 2023 | +4.36 M | Add 144.54% | 7.38 M | $0.00 |
| Q4 2022 | -198,951 | Reduce 6.18% | 3.02 M | $0.00 |
| Q3 2022 | -1.11 M | Reduce 25.68% | 3.22 M | $3.59 |
| Q2 2022 | -745,416 | Reduce 14.68% | 4.33 M | $3.40 |
| Q1 2022 | -2.71 M | Reduce 34.82% | 5.08 M | $5.10 |
| Q4 2021 | +3,984 | Add 0.05% | 7.79 M | $3.90 |
| Q3 2021 | +155,280 | Add 2.04% | 7.78 M | $3.90 |
| Q2 2021 | +5.22 M | Add 217.20% | 7.63 M | $4.68 |
| Q1 2021 | +2.41 M | New Buy | 2.41 M | $4.24 |
| Q3 2020 | -4.25 M | Sold Out | 0 | $0.00 |
| Q2 2020 | -1.91 M | Reduce 31.03% | 4.25 M | $2.35 |
| Q1 2020 | +6.16 M | New Buy | 6.16 M | $1.52 |
| Q1 2019 | -1.86 M | Sold Out | 0 | $0.00 |
| Q4 2018 | -7.7 M | Reduce 80.50% | 1.86 M | $2.98 |
| Q3 2018 | -3.74 M | Reduce 28.12% | 9.56 M | $3.34 |
| Q2 2018 | -3.54 M | Reduce 21.01% | 13.3 M | $2.81 |
| Q1 2018 | -3.51 M | Reduce 17.24% | 16.84 M | $3.70 |
| Q4 2017 | -794,682 | Reduce 3.76% | 20.35 M | $2.95 |
| Q3 2017 | +5.41 M | Add 34.41% | 21.14 M | $2.72 |
| Q2 2017 | -778,680 | Reduce 4.72% | 15.73 M | $2.42 |
| Q1 2017 | -6.84 M | Reduce 29.28% | 16.51 M | $2.74 |
| Q4 2016 | -4.38 M | Reduce 15.79% | 23.34 M | $2.49 |
| Q3 2016 | +5.92 M | Add 27.16% | 27.72 M | $2.16 |
| Q2 2016 | +9.46 M | Add 76.61% | 21.8 M | $1.44 |
| Q1 2016 | +4.75 M | Add 62.52% | 12.34 M | $1.41 |
| Q4 2015 | +3 M | Add 65.35% | 7.6 M | $0.95 |
| Q3 2015 | +676,746 | Add 17.28% | 4.59 M | $1.09 |
| Q2 2015 | +811,692 | Add 26.14% | 3.92 M | $1.91 |
| Q1 2015 | +355,320 | Add 12.92% | 3.11 M | $2.54 |
| Q4 2014 | +2.75 M | New Buy | 2.75 M | $2.82 |
| Q3 2014 | -418,194 | Sold Out | 0 | $0.00 |
| Q2 2014 | -1.34 M | Reduce 76.16% | 418,194 | $4.67 |
| Q1 2014 | +1.75 M | New Buy | 1.75 M | $5.09 |
| Q3 2013 | -6.9 M | Sold Out | 0 | $0.00 |
| Q2 2013 | +6.9 M | Add 0.00% | 6.9 M | $4.53 |
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 46 quarters since Q2 2013.
Renaissance Technologies's largest addition to Gerdau S.A. (GGB) was in Q2 2016, adding 21,800,645 shares worth $31.49 M.
According to the latest 13F filing for Q4 2025, Renaissance Technologies's firm, Renaissance Technologies LLC, owns 6,211,324 shares of Gerdau S.A. (GGB), valued at approximately $22.92 M.
As of the Q4 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.
Renaissance Technologies's peak holding in Gerdau S.A. (GGB) was 27,720,629 shares, as reported at the end of Q3 2016.