Vault-13

TERNIUM SA TX

SPONSORED ADS · ADR · CUSIP 880890108 · ISIN US8808901081

Steel company with presence in major Latin American markets, including Argentina, Brasil, Mexico and Colombia.

110 institutional holders -7 vs Q1 2025
23,886,60323.9m shares reported held*
$720.0mreported value*
15 new 34 added 37 reduced 24 sold out net bought ≈ $20.7m (+688.6k shares)

* 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 ($8.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $30.15. Options: 7 managers hold calls ($2.5m notional), 6 hold puts ($920.9k).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 140Q4 22: 143Q1 23: 150Q2 23: 149Q3 23: 152Q4 23: 164Q1 24: 163Q2 24: 142Q3 24: 136Q4 24: 121Q1 25: 117Q2 25: 110110Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022140
Q4 2022143
Q1 2023150
Q2 2023149
Q3 2023152
Q4 2023164
Q1 2024163
Q2 2024142
Q3 2024136
Q4 2024121
Q1 2025117
Q2 2025110

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1000100Q3 23: 68 bought or addedQ3 23: 69 cut or sold outQ4 23: 85 bought or addedQ4 23: 67 cut or sold outQ4 23Q1 24: 70 bought or addedQ1 24: 85 cut or sold outQ2 24: 58 bought or addedQ2 24: 91 cut or sold outQ2 24Q3 24: 53 bought or addedQ3 24: 89 cut or sold outQ4 24: 43 bought or addedQ4 24: 78 cut or sold outQ4 24Q1 25: 46 bought or addedQ1 25: 63 cut or sold outQ2 25: 49 bought or addedQ2 25: 61 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20236869
Q4 20238567
Q1 20247085
Q2 20245891
Q3 20245389
Q4 20244378
Q1 20254663
Q2 20254961

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$2.5m$5m$7.5m$10mQ3 24 calls: $3.7mQ3 24 puts: $8.3mQ3 24P/C 2.27Q4 24 calls: $2.0mQ4 24 puts: $2.1mQ4 24P/C 1.04Q1 25 calls: $1.5mQ1 25 puts: $2.1mQ1 25P/C 1.41Q2 25 calls: $2.5mQ2 25 puts: $920.9kQ2 25P/C 0.36
Numbers
QuarterCallsPutsP/C
Q3 2024$3.7m$8.3m2.27
Q4 2024$2.0m$2.1m1.04
Q1 2025$1.5m$2.1m1.41
Q2 2025$2.5m$920.9k0.36

Biggest buyers

DONALD SMITH & CO., INC. Added +312,595+312.6k
LAZARD ASSET MANAGEMENT LLC Added +237,741+237.7k
SCHRODER INVESTMENT MANAGEMENT GROUP Added +216,301+216.3k
Ninety One North America, Inc. Added +194,174+194.2k
DEPRINCE RACE & ZOLLO INC New +139,739+139.7k
STATE STREET CORP Added +121,685+121.7k
Ninety One UK Ltd Added +118,595+118.6k
OAKTREE CAPITAL MANAGEMENT LP Added +107,100+107.1k
Empirical Finance, LLC New +61,431+61.4k
Empowered Funds, LLC New +61,431+61.4k

Biggest sellers

ACADIAN ASSET MANAGEMENT LLC Reduced -223,285-223.3k
Pictet Asset Management Holding SA Sold out -214,054-214.1k
Russell Investments Group, Ltd. Reduced -96,602-96.6k
MILLENNIUM MANAGEMENT LLC Reduced -87,852-87.9k
PRUDENTIAL PLC Reduced -73,309-73.3k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -55,994-56.0k
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Sold out -55,471-55.5k
Oldfield Partners LLP Reduced -37,434-37.4k
Lingohr Asset Management GmbH Sold out -33,700-33.7k
NORTHERN TRUST CORP Sold out -30,992-31.0k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP New $930.1k30.9k shares
CITADEL ADVISORS LLC Added $927.1k30.8k shares
JANE STREET GROUP, LLC New $334.1k11.1k shares
Walleye Trading LLC Unchanged $225.8k7.5k shares
SIMPLEX TRADING, LLC Reduced $117.0k3.9k shares
GROUP ONE TRADING LLC Reduced $15.1k500 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

JANE STREET GROUP, LLC New $535.8k17.8k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $325.1k10.8k shares
SIMPLEX TRADING, LLC Added $39.0k1.3k shares
GROUP ONE TRADING LLC Reduced $18.1k600 shares
Walleye Trading LLC Reduced $3.0k100 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 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.

Insider purchases and sales in Q2 2025

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.

None reported in Q2 2025.

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LAZARD ASSET MANAGEMENT LLC 0.22% of their portfolio NEW YORK, NY 5,358,7725.4m $161.3m $161.3m 0.22% Added +237.7k +237,741
2 DONALD SMITH & CO., INC. 2.42% of their portfolio NEW YORK, NY 3,412,3853.4m $102.7m $102.7m 2.42% Added +312.6k +312,595
3 Ninety One UK Ltd 0.17% of their portfolio London, X0 2,407,1102.4m $72.5m $72.5m 0.17% Added +118.6k +118,595
4 SCHRODER INVESTMENT MANAGEMENT GROUP 0.06% of their portfolio London, X0 2,177,5252.2m $65.5m $65.5m 0.06% Added +216.3k +216,301
5 Ninety One North America, Inc. 1.51% of their portfolio New York, NY 1,023,0491.0m $30.8m $30.8m 1.51% Added +194.2k +194,174
6 ACADIAN ASSET MANAGEMENT LLC 0.06% of their portfolio Boston, MA 1,014,7991.0m $30.5m $30.5m 0.06% Reduced -223.3k -223,285
7 CONTRARIAN CAPITAL MANAGEMENT, L.L.C. 8.55% of their portfolio Greenwich, CT 992,413992.4k $29.9m $29.9m 8.55% Unchanged
8 OAKTREE CAPITAL MANAGEMENT LP 0.55% of their portfolio LOS ANGELES, CA 919,709919.7k $27.7m $27.7m 0.55% Added +107.1k +107,100
9 Cape Ann Asset Management Ltd 11.57% of their portfolio LONDON, X0 897,049897.0k $27.0m $27.0m 11.57% Reduced -6.2k -6,200
10 PRUDENTIAL PLC 0.13% of their portfolio LONDON, X0 680,185680.2k $20.5m $20.5m 0.13% Reduced -73.3k -73,309
11 Russell Investments Group, Ltd. 0.02% of their portfolio Seattle, WA 576,869576.9k $17.5m $17.5m 0.02% Reduced -96.6k -96,602
12 Amundi 0.01% of their portfolio Paris, I0 509,268509.3k $16.3m $16.3m 0.01% Added +19.2k +19,192
13 BlackRock, Inc. 0.00% of their portfolio New York, NY 502,446502.4k $15.1m $15.1m 0.00% Added +25.6k +25,569
14 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 405,144405.1k $12.2m $12.2m 0.00% Added +121.7k +121,685
15 Robeco Institutional Asset Management B.V. 0.02% of their portfolio ROTTERDAM, P7 403,293403.3k $12.1m $12.1m 0.02% Added +20.0k +20,000
16 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 247,900247.9k $7.5m $7.5m 0.01% Reduced -6.5k -6,500
17 Westwood Global Investments, LLC 0.19% of their portfolio BOSTON, MA 230,422230.4k $6.9m $6.9m 0.19% Not comparable
18 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 208,382208.4k $6.3m $6.3m 0.00% Reduced -24.7k -24,666
19 DEPRINCE RACE & ZOLLO INC 0.09% of their portfolio Winter Park, FL 139,739139.7k $4.2m $4.2m 0.09% New
20 Oldfield Partners LLP 1.43% of their portfolio LONDON, X0 138,602138.6k $4.2m $4.2m 1.43% Reduced -37.4k -37,434
21 PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio DES MOINES, IA 129,297129.3k $3.9m $3.9m 0.00% Added +33.8k +33,811
22 CANADA PENSION PLAN INVESTMENT BOARD 0.00% of their portfolio TORONTO ONTARIO, A6 120,249120.2k $3.6m $3.6m 0.00% Unchanged
23 MACKENZIE FINANCIAL CORP 0.00% of their portfolio TORONTO ONTARIO, A6 120,229120.2k $3.6m $3.6m 0.00% Added +46.7k +46,700
24 VAN ECK ASSOCIATES CORP 0.00% of their portfolio NEW YORK, NY 105,266105.3k $3.2m $3.2m 0.00% Reduced -1.2k -1,204
25 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.01% of their portfolio COLUMBUS, OH 99,86899.9k $3.0m $3.0m 0.01% Reduced -17.9k -17,886
26 State of New Jersey Common Pension Fund D 0.01% of their portfolio TRENTON, NJ 92,52892.5k $2.8m $2.8m 0.01% Unchanged
27 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 75,78175.8k $2.3m $2.3m 0.00% Reduced -753 -753
28 Militia Capital Partners, LP 0.51% of their portfolio AUSTIN, TX 72,16872.2k $2.2m $2.2m 0.51% Added +10.0k +10,000
29 Empirical Finance, LLC 0.10% of their portfolio NEWTOWN SQUARE, PA 61,43161.4k $1.8m $1.8m 0.10% New
30 Empowered Funds, LLC 0.02% of their portfolio NEWTOWN SQUARE, PA 61,43161.4k $1.8m $1.8m 0.02% New
31 SILVERCREST ASSET MANAGEMENT GROUP LLC 0.01% of their portfolio NEW YORK, NY 52,75252.8k $1.6m $1.6m 0.01% Added +18.0k +18,020
32 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 52,21252.2k $1.6m $1.6m 0.00% Added +25.2k +25,247
33 Oaktree Fund Advisors, LLC 2.69% of their portfolio LOS ANGLES, CA 51,52951.5k $1.6m $1.6m 2.69% Added +1.7k +1,700
34 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 50,76350.8k $1.5m $1.5m 0.00% Added +4.3k +4,341
35 UBS Group AG 0.00% of their portfolio ZURICH, V8 50,61850.6k $1.5m $1.5m 0.00% Added +30.5k +30,546
36 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.01% of their portfolio JUPITER, FL 49,85649.9k $1.5m $1.5m 0.01% Reduced -9.0k -9,007
37 VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio San Antonio, TX 45,58445.6k $1.4m $1.4m 0.00% Unchanged
38 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 38,97539.0k $1.2m $1.2m 0.00% Reduced -87.9k -87,852
39 CoreCommodity Management, LLC 0.18% of their portfolio STAMFORD, CT 35,44435.4k $1.1m $1.1m 0.18% Reduced -468 -468
40 Allianz Asset Management GmbH 0.00% of their portfolio MUNICH, 2M 35,29235.3k $1.1m $1.1m 0.00% Reduced -1.7k -1,716
41 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 34,78034.8k $1.0m $1.0m 0.00% Reduced -3.1k -3,145
42 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 32,63532.6k $982.3k $982.3k 0.00% Reduced -18.3k -18,274
43 Aquatic Capital Management LLC 0.02% of their portfolio CHICAGO, IL 29,67529.7k $893.2k $893.2k 0.02% Added +21.1k +21,112
44 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 25,88425.9k $779.1k $779.1k 0.00% Reduced -22.9k -22,891
45 TOWLE & CO 0.18% of their portfolio DENVER, CO 24,79424.8k $746.3k $746.3k 0.18% Added +1.1k +1,111
46 Dalton Investments, Inc. 0.38% of their portfolio El Segundo, CA 23,58423.6k $709.9k $709.9k 0.38% Unchanged
47 WealthTrust Axiom LLC 0.20% of their portfolio WAYNE, PA 22,35022.4k $672.7k $672.7k 0.20% Reduced -1.3k -1,300
48 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 22,25722.3k $669.9k $669.9k 0.00% Added +8.2k +8,204
49 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 21,07321.1k $634.3k $634.3k 0.00% Reduced -8.1k -8,138
50 Boston Partners 0.00% of their portfolio BOSTON, MA 20,99421.0k $631.9k $631.9k 0.00% Unchanged
51 Eisler Capital Management Ltd. 0.02% of their portfolio LONDON, X0 19,01819.0k $573.6k $573.6k 0.02% New
52 CAXTON ASSOCIATES LLP 0.01% of their portfolio LONDON, X0 17,81917.8k $536.4k $536.4k 0.01% Added +484 +484
53 Investors Research Corp 0.10% of their portfolio ATLANTA, GA 17,30017.3k $520.7k $520.7k 0.10% Added +10.8k +10,800
54 BEARING POINT CAPITAL, LLC 0.09% of their portfolio BLOOMINGTON, MN 17,00017.0k $511.7k $511.7k 0.09% Added +1.2k +1,200
55 Vident Advisory, LLC 0.00% of their portfolio Alpharetta, GA 13,89913.9k $418.4k $418.4k 0.00% Added +1.6k +1,623
56 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.00% of their portfolio Stamford, CT 13,05813.1k $393.0k $393.0k 0.00% Reduced -1.3k -1,289
57 Symphony Financial, Ltd. Co. 0.05% of their portfolio HOUSTON, TX 12,25812.3k $392.6k $392.6k 0.05% New
58 Numerai GP LLC 0.05% of their portfolio SAN FRANCISCO, CA 11,47111.5k $345.3k $345.3k 0.05% Reduced -1.5k -1,545
59 Brooklyn Investment Group 0.04% of their portfolio NEW YORK, NY 10,03610.0k $302.1k $302.1k 0.04% Added +8.0k +8,018
60 Campbell & CO Investment Adviser LLC 0.02% of their portfolio BALTIMORE, MD 9,5159.5k $286.4k $286.4k 0.02% Reduced -9.6k -9,611
61 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 9,3589.4k $281.7k $281.7k 0.00% Reduced -313 -313
62 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 9,3259.3k $282.0k $282.0k 0.00% New
63 BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.00% of their portfolio Madrid, U3 8,5718.6k $257.8k $257.8k 0.00% Unchanged
64 Aberdeen Group plc 0.00% of their portfolio EDINBURGH, X0 8,5708.6k $258.0k $258.0k 0.00% New
65 Arrow Investment Advisors, LLC 0.21% of their portfolio LAUREL, MD 7,3457.3k $221.1k $221.1k 0.21% New
66 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 7,0977.1k $213.6k $213.6k 0.00% New
67 Atria Wealth Solutions, Inc. 0.00% of their portfolio NEW YORK, NY 7,0007.0k $220.6k $220.6k 0.00% Unchanged
68 HANTZ FINANCIAL SERVICES, INC. 0.00% of their portfolio SOUTHFIELD, MI 6,9987.0k $211.0k $211.0k 0.00% Added +6.5k +6,519
69 Employees Retirement System of Texas 0.00% of their portfolio AUSTIN, TX 6,8236.8k $205.0k $205.0k 0.00% Reduced -9.0k -8,968
70 Mitsubishi UFJ Trust & Banking Corp 0.00% of their portfolio TOKYO, M0 4,9454.9k $148.8k $148.8k 0.00% Reduced -2.4k -2,368
71 REXFORD CAPITAL INC 0.10% of their portfolio BELLAIRE, TX 4,0204.0k $121.0k $121.0k 0.10% First filing
72 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 3,9884.0k $120.1k $120.1k 0.00% Reduced -168 -168
73 State of Wyoming 0.01% of their portfolio CHEYENNE, WY 3,9544.0k $119.0k $119.0k 0.01% New
74 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 3,5743.6k $107.6k $107.6k 0.00% Reduced -6.3k -6,312
75 SBI Securities Co., Ltd. 0.00% of their portfolio TOKYO, M0 3,5673.6k $107.4k $107.4k 0.00% Added +275 +275
76 Blue Trust, Inc. 0.00% of their portfolio BRENTWOOD, TN 1,9121.9k $57.6k $57.6k 0.00% Reduced -230 -230
77 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 1,3541.4k $40.8k $40.8k 0.00% Unchanged
78 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 1,2001.2k $36.1k $36.1k 0.00% Unchanged
79 ATLAS CAPITAL ADVISORS INC. 0.00% of their portfolio JACKSON, WY 1,1951.2k $36.0k $36.0k 0.00% Unchanged
80 EDMOND DE ROTHSCHILD HOLDING S.A. 0.00% of their portfolio CHAMBESY, V8 900900 $27.1k $27.1k 0.00% Unchanged
81 Sound Income Strategies, LLC 0.00% of their portfolio FT LAUDERDALE, FL 840840 $25.3k $25.3k 0.00% Unchanged
82 GAMMA Investing LLC 0.00% of their portfolio FOSTER CITY, CA 758758 $22.8k $22.8k 0.00% Reduced -1.2k -1,155
83 Headlands Technologies LLC 0.00% of their portfolio CHICAGO, IL 685685 $20.6k $20.6k 0.00% Added +586 +586
84 Key Financial Inc 0.00% of their portfolio WEST CHESTER, PA 600600 $18.1k $18.1k 0.00% Unchanged
85 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 518518 $15.6k $15.6k 0.00% Reduced -1 -1
86 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 485485 $14.6k $14.6k 0.00% Added +279 +279
87 Legal & General Group Plc 0.00% of their portfolio London, X0 475475 $14.3k $14.3k 0.00% Unchanged
88 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio CAUSEWAY BAY, K3 453453 $13.6k $13.6k 0.00% Added +294 +294
89 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 393393 $11.8k $11.8k 0.00% New
90 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 338338 $10.4k $10.4k 0.00% Added +30 +30
91 Activest Wealth Management 0.00% of their portfolio AVENTURA, FL 315315 $9.5k $9.5k 0.00% Added +18 +18
92 NATIXIS 0.00% of their portfolio PARIS, I0 227227 $7.0k $7.0k 0.00% Unchanged
93 WHITTIER TRUST CO 0.00% of their portfolio SOUTH PASADENA, CA 180180 $5.4k $5.4k 0.00% New
94 WealthCollab, LLC 0.00% of their portfolio BELLEVUE, WA 178178 $5.4k $5.4k 0.00% Unchanged
95 FMR LLC 0.00% of their portfolio BOSTON, MA 176176 $5.3k $5.3k 0.00% Reduced -234 -234
96 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 171171 $5.1k $5.1k 0.00% Added +168 +168
97 THURSTON, SPRINGER, MILLER, HERD & TITAK, INC. 0.00% of their portfolio INDIANAPOLIS, IN 118118 $3.6k $3.6k 0.00% Unchanged
98 HUNTINGTON NATIONAL BANK 0.00% of their portfolio COLUMBUS, OH 106106 $3.2k $3.2k 0.00% Reduced -7 -7
99 CoreCap Advisors, LLC 0.00% of their portfolio SOUTHFIELD, MI 7777 $2.3k $2.3k 0.00% Unchanged
100 Medallion Wealth Advisors, LLC 0.00% of their portfolio FARMINGTON, CT 6565 $2.0k $2.0k 0.00% Unchanged