STEEL DYNAMICS INC STLD
COM · Common Stock · CUSIP 858119100 · ISIN US8581191009
American materials company
- SectorMaterials
- IndustrySteel Works, Blast Furnaces & Rolling Mills (Coke Ovens)
- HeadquartersFort Wayne, IN
- Founded1993
- Websitesteeldynamics.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($54.9m this quarter). Holder counts are more reliable. Shares outstanding: 169.0m as of 2023-04-28, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $110.66. Options: 29 managers hold calls ($264.2m notional), 28 hold puts ($202.6m).
Trends to Q1 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 588 |
| Q4 2022 | 675 |
| Q1 2023 | 720 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 308 | 301 |
| Q1 2023 | 341 | 343 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $191.6m | $178.0m | 0.93 |
| Q4 2022 | $210.1m | $194.2m | 0.92 |
| Q1 2023 | $264.2m | $202.6m | 0.77 |
Biggest buyers
| FMR LLC | Added | +7.8m |
| FIRST TRUST ADVISORS LP | Added | +1.3m |
| ENVESTNET ASSET MANAGEMENT INC | Added | +1.2m |
| BlackRock Inc. | Added | +511.0k |
| ASSETMARK, INC | Added | +388.5k |
| STRS OHIO | Added | +382.9k |
| Man Group plc | New | +342.4k |
| PANAGORA ASSET MANAGEMENT INC | Added | +306.9k |
| Robeco Institutional Asset Management B.V. | Added | +232.4k |
| SCHRODER INVESTMENT MANAGEMENT GROUP | Added | +230.0k |
Biggest sellers
| VICTORY CAPITAL MANAGEMENT INC | Reduced | -2.0m |
| Ergoteles LLC | Reduced | -524.2k |
| Qube Research & Technologies Ltd | Reduced | -511.6k |
| JANE STREET GROUP, LLC | Reduced | -392.4k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -358.0k |
| 1832 Asset Management L.P. | Reduced | -301.4k |
| Capital World Investors | Reduced | -290.9k |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -248.8k |
| PRUDENTIAL FINANCIAL INC | Reduced | -196.2k |
| MORGAN STANLEY | Reduced | -194.0k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $58.4m516.4k shares |
| CITADEL ADVISORS LLC | Added | $46.9m414.7k shares |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | Reduced | $44.3m394.0k shares |
| GROUP ONE TRADING LLC | Reduced | $19.8m175.2k shares |
| SIMPLEX TRADING, LLC | Reduced | $14.8m130.7k shares |
| JANE STREET GROUP, LLC | Reduced | $13.9m122.7k shares |
| Cubist Systematic Strategies, LLC | Added | $12.2m108.2k shares |
| D. E. Shaw & Co., Inc. | Reduced | $11.0m97.5k shares |
| WOLVERINE TRADING, LLC | Added | $10.4m93.5k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $10.2m89.9k shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $57.2m505.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $36.2m319.8k shares |
| SIMPLEX TRADING, LLC | Reduced | $19.5m172.2k shares |
| JANE STREET GROUP, LLC | Added | $17.0m150.8k shares |
| SCOPUS ASSET MANAGEMENT, L.P. | New | $14.1m125.0k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $13.1m116.3k shares |
| Cubist Systematic Strategies, LLC | Added | $12.2m107.9k shares |
| PEAK6 Investments LLC | Added | $8.3m73.2k shares |
| Walleye Trading LLC | Reduced | $4.4m39.0k shares |
| WOLVERINE TRADING, LLC | Reduced | $3.0m27.2k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution filed 2025-02-05 | 7.8% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 7.1% |
| FMR LLC 13G · institution new · filed 2026-08-06 | 5.4% |
| STATE STREET CORP 13G · institution new · filed 2026-05-12 | 5.2% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q1 2023
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q2 2021 | 0 | — | 0 | — | — |
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 1 | $555.7k | — |
| Q1 2022 | 0 | — | 2 | $2.5m | — |
| Q2 2022 | 0 | — | 2 | $1.4m | — |
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 2 | $2.4m | — |
| Q1 2023 | 0 | — | 0 | — | — |
None reported in Q1 2023.
Holders, Q1 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.06% of their portfolio | 22.0m $2.5bn | Added +169.4k |
| BlackRock Inc. 0.06% of their portfolio | 17.6m $2.0bn | Added +511.0k |
| FMR LLC 0.09% of their portfolio | 16.5m $1.9bn | Added +7.8m |
| STATE STREET CORP 0.05% of their portfolio | 8.4m $957.5m | Reduced -187.1k |
| DIMENSIONAL FUND ADVISORS LP 0.22% of their portfolio | 5.7m $649.5m | Added +23.1k |
| GEODE CAPITAL MANAGEMENT, LLC 0.06% of their portfolio | 4.1m $460.0m | Reduced -108.1k |
| ROYAL LONDON ASSET MANAGEMENT LTD 1.48% of their portfolio | 3.3m $369.2m | Added +36.8k |
| MORGAN STANLEY 0.03% of their portfolio | 2.8m $321.2m | Reduced -194.0k |
| Capital World Investors 0.06% of their portfolio | 2.8m $313.6m | Reduced -290.9k |
| FIRST TRUST ADVISORS LP 0.33% of their portfolio | 2.5m $282.5m | Added +1.3m |
| Invesco Ltd. 0.07% of their portfolio | 2.3m $258.7m | Reduced -116.0k |
| Capital Research Global Investors 0.07% of their portfolio | 2.2m $251.3m | Added +603 |
| OFI INVEST ASSET MANAGEMENT 0.10% of their portfolio | 2.1m $19.0k | First filing |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.03% of their portfolio | 2.0m $220.5m | Reduced -358.0k |
| NORTHERN TRUST CORP 0.04% of their portfolio | 1.9m $213.1m | Added +33.7k |
| Thrivent Financial for Lutherans 0.49% of their portfolio | 1.8m $199.3m | Added +4.8k |
| Legal & General Group Plc 0.07% of their portfolio | 1.7m $188.1m | Added +51.3k |
| LSV ASSET MANAGEMENT 0.40% of their portfolio | 1.6m $177.2m | Reduced -97.6k |
| Pacer Advisors, Inc. 0.75% of their portfolio | 1.6m $176.5m | Added +97.1k |
| GOLDMAN SACHS GROUP INC 0.04% of their portfolio | 1.4m $159.4m | Added +119.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.05% of their portfolio | 1.4m $157.9m | Reduced -8.1k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 1.3m $19.0m | Added +1.2m |
| Bank of New York Mellon Corp 0.03% of their portfolio | 1.3m $150.2m | Reduced -48.4k |
| AQR CAPITAL MANAGEMENT LLC 0.31% of their portfolio | 1.3m $142.3m | Added +187.0k |
| ACADIAN ASSET MANAGEMENT LLC 0.61% of their portfolio | 1.2m $139.7m | Reduced -10.1k |
| WELLINGTON MANAGEMENT GROUP LLP 0.02% of their portfolio | 1.0m $118.5m | Reduced -248.8k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.05% of their portfolio | 983.9k $111.2m | Added +50.3k |
| NORGES BANK 0.02% of their portfolio | 968.3k $109.5m | Added +40.3k |
| Mirae Asset Global Investments Co., Ltd. 0.22% of their portfolio | 842.7k $95.3m | Reduced -17.1k |
| STOREBRAND ASSET MANAGEMENT AS 0.48% of their portfolio | 841.3k $95.1m | Reduced -86.3k |
| Nuveen Asset Management, LLC 0.03% of their portfolio | 801.6k $90.6m | Reduced -35.4k |
| NORDEA INVESTMENT MANAGEMENT AB 0.12% of their portfolio | 768.2k $85.4m | Added +22.8k |
| AMERIPRISE FINANCIAL INC 0.03% of their portfolio | 750.8k $84.9m | Reduced -185.7k |
| STIFEL FINANCIAL CORP 0.12% of their portfolio | 732.8k $82.8m | Reduced -3.9k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 709.8k $80.2m | Added +84.9k |
| Swiss National Bank 0.05% of their portfolio | 696.8k $78.8m | Reduced -45.4k |
| ROYAL BANK OF CANADA 0.02% of their portfolio | 680.4k $76.9m | Added +7.6k |
| Robeco Institutional Asset Management B.V. 0.21% of their portfolio | 670.1k $75.8m | Added +232.4k |
| DEUTSCHE BANK AG\ 0.04% of their portfolio | 659.2k $74.5m | Reduced -90.0k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 645.8k $73.0m | Reduced -15.2k |
| STRS OHIO 0.11% of their portfolio | 636.3k $71.9m | Added +382.9k |
| Caisse de depot et placement du Quebec 0.20% of their portfolio | 627.9k $71.0m | Added +36.9k |
| Sumitomo Mitsui Trust Group, Inc. 0.05% of their portfolio | 611.4k $69.1m | Reduced -4.8k |
| Skandinaviska Enskilda Banken AB (publ) 0.46% of their portfolio | 588.5k $66.5m | Reduced -65.4k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.10% of their portfolio | 570.4k $64.5m | Added +230.0k |
| Qube Research & Technologies Ltd 0.34% of their portfolio | 521.8k $59.0m | Reduced -511.6k |
| Amundi 0.03% of their portfolio | 495.7k $51.2m | Added +105.7k |
| CREDIT SUISSE AG/ 0.06% of their portfolio | 486.9k $55.0m | Added +8.5k |
| HSBC HOLDINGS PLC 0.06% of their portfolio | 447.4k $50.5m | Added +17.5k |
| Allianz Asset Management GmbH 0.10% of their portfolio | 438.2k $49.5m | Added +10.8k |
| AustralianSuper Pty Ltd 0.31% of their portfolio | 394.4k $44.6m | Added +394 |
| ASSETMARK, INC 0.18% of their portfolio | 393.7k $44.5m | Added +388.5k |
| PANAGORA ASSET MANAGEMENT INC 0.27% of their portfolio | 382.9k $43.3m | Added +306.9k |
| PRUDENTIAL FINANCIAL INC 0.04% of their portfolio | 381.3k $28.2m | Reduced -196.2k |
| Mitsubishi UFJ Trust & Banking Corp 0.10% of their portfolio | 369.5k $41.8m | Reduced -2.2k |
| California Public Employees Retirement System 0.04% of their portfolio | 359.8k $40.7m | Reduced -59.2k |
| AXA S.A. 0.14% of their portfolio | 348.0k $39.3m | Added +90.6k |
| National Pension Service 0.07% of their portfolio | 347.9k $38.7m | Added +12.5k |
| Man Group plc 0.14% of their portfolio | 342.4k $38.7m | New |
| Korea Investment CORP 0.11% of their portfolio | 334.4k $37.8m | Added +91.0k |
| APG Asset Management N.V. 0.07% of their portfolio | 333.2k $34.7m | Added +13.7k |
| UBS Group AG 0.02% of their portfolio | 328.2k $37.1m | Reduced -38.6k |
| Brandywine Global Investment Management, LLC 0.15% of their portfolio | 318.3k $36.0m | Added +143.0k |
| RHUMBLINE ADVISERS 0.04% of their portfolio | 317.3k $35.9m | Added +5.9k |
| Allspring Global Investments Holdings, LLC 0.06% of their portfolio | 311.2k $35.2m | Reduced -44.2k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.18% of their portfolio | 310.3k $35.1m | Reduced -38.2k |
| Swedbank AB 0.07% of their portfolio | 297.3k $33.6m | Reduced -12.9k |
| Railway Pension Investments Ltd 0.34% of their portfolio | 294.2k $33.3m | Added +18.5k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.05% of their portfolio | 287.0k $32.4m | Reduced -11.2k |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.33% of their portfolio | 278.6k $31.5m | Added +35.0k |
| CITIGROUP INC 0.04% of their portfolio | 274.3k $31.0m | Added +124.8k |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.31% of their portfolio | 272.2k $30.8m | Added +180.3k |
| Russell Investments Group, Ltd. 0.06% of their portfolio | 266.3k $29.9m | Reduced -13.3k |
| VICTORY CAPITAL MANAGEMENT INC 0.03% of their portfolio | 264.0k $29.8m | Reduced -2.0m |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 250.0k $28.3m | Added +10.1k |
| ExodusPoint Capital Management, LP 0.32% of their portfolio | 245.0k $27.7m | Added +141.9k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.04% of their portfolio | 231.9k $26.2m | Reduced -14.2k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 229.2k $25.9m | Added +4.3k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.06% of their portfolio | 223.7k $25.3m | Added +8.7k |
| LAZARD ASSET MANAGEMENT LLC 0.03% of their portfolio | 222.3k $25.1m | Reduced -11.2k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.06% of their portfolio | 221.1k $25.0m | Reduced -10.5k |
| BARCLAYS PLC 0.03% of their portfolio | 220.5k $24.9m | Reduced -67.9k |
| KBC Group NV 0.10% of their portfolio | 211.1k $23.9m | Added +9.9k |
| FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION FUND 0.32% of their portfolio | 208.1k $23.5m | Added +9.1k |
| TODD ASSET MANAGEMENT LLC 0.56% of their portfolio | 203.1k $23.0m | New |
| CANADA LIFE ASSURANCE Co 0.06% of their portfolio | 196.9k $22.3m | Reduced -6.2k |
| Hosking Partners LLP 1.00% of their portfolio | 190.2k $21.5m | Reduced -38.5k |
| Connor, Clark & Lunn Investment Management Ltd. 0.12% of their portfolio | 188.1k $21.3m | Added +129.6k |
| State of Tennessee, Department of Treasury 0.09% of their portfolio | 186.5k $21.1m | Added +36.1k |
| Ensign Peak Advisors, Inc 0.05% of their portfolio | 186.4k $21.1m | Reduced -15.3k |
| PICTET ASSET MANAGEMENT SA 0.03% of their portfolio | 184.7k $20.9m | Added +391 |
| BNP PARIBAS FINANCIAL MARKETS 0.04% of their portfolio | 183.2k $20.7m | Added +19.8k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 181.1k $20.5m | Reduced -80.9k |
| WINMILL & CO. INC 7.08% of their portfolio | 167.9k $19.0m | Unchanged |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.04% of their portfolio | 167.0k $18.9m | Reduced -2.6k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.03% of their portfolio | 166.5k $18.8m | Added +332 |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.06% of their portfolio | 152.1k $17.2m | Reduced -39.4k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.05% of their portfolio | 145.2k $16.4m | Added +35.1k |
| AEGON ASSET MANAGEMENT UK Plc 0.28% of their portfolio | 141.9k $16.0m | Reduced -117.6k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 140.2k $15.8m | Reduced -167.3k |