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.

123 institutional holders +10 vs Q3 2025
23,674,98923.7m shares reported held*
$904.1mreported value*
20 new 33 added 48 reduced 11 sold out net sold ≈ $157.6m (-4.1m 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 ($11.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $38.19. Options: 6 managers hold calls ($7.7m notional), 5 hold puts ($1.6m).

Trends to Q4 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: 110Q3 25: 113Q4 25: 123123Q3 22Q2 23Q1 24Q4 24Q4 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
Q3 2025113
Q4 2025123

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q1 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 25Q3 25: 62 bought or addedQ3 25: 41 cut or sold outQ4 25: 53 bought or addedQ4 25: 59 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20247085
Q2 20245891
Q3 20245389
Q4 20244378
Q1 20254663
Q2 20254961
Q3 20256241
Q4 20255359

Calls vs puts

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

CallsPuts
$0$2m$4m$6m$8mQ1 25 calls: $1.5mQ1 25 puts: $2.1mQ1 25P/C 1.41Q2 25 calls: $2.5mQ2 25 puts: $920.9kQ2 25P/C 0.36Q3 25 calls: $4.5mQ3 25 puts: $1.3mQ3 25P/C 0.28Q4 25 calls: $7.7mQ4 25 puts: $1.6mQ4 25P/C 0.21
Numbers
QuarterCallsPutsP/C
Q1 2025$1.5m$2.1m1.41
Q2 2025$2.5m$920.9k0.36
Q3 2025$4.5m$1.3m0.28
Q4 2025$7.7m$1.6m0.21

Biggest buyers

Cape Ann Asset Management Ltd Added +182,000+182.0k
JANE STREET GROUP, LLC Added +110,587+110.6k
DONALD SMITH & CO., INC. Added +66,062+66.1k
MILLENNIUM MANAGEMENT LLC Added +60,397+60.4k
LAZARD ASSET MANAGEMENT LLC Added +52,711+52.7k
BlackRock, Inc. Added +49,375+49.4k
CITADEL ADVISORS LLC Added +45,193+45.2k
ACADIAN ASSET MANAGEMENT LLC Added +42,610+42.6k
Numerai GP LLC Added +27,447+27.4k
Amundi Added +23,578+23.6k

Biggest sellers

Ninety One UK Ltd Reduced -2,572,009-2.6m
Ninety One North America, Inc. Reduced -1,075,131-1.1m
OAKTREE CAPITAL MANAGEMENT LP Reduced -238,944-238.9k
PRINCIPAL FINANCIAL GROUP INC Sold out -147,034-147.0k
STATE STREET CORP Reduced -139,877-139.9k
PRUDENTIAL PLC Reduced -138,119-138.1k
SCHRODER INVESTMENT MANAGEMENT GROUP Reduced -107,320-107.3k
Empowered Funds, LLC Sold out -86,499-86.5k
VAN ECK ASSOCIATES CORP Reduced -73,733-73.7k
VOLORIDGE INVESTMENT MANAGEMENT, LLC Sold out -48,203-48.2k

Biggest calls

JANE STREET GROUP, LLC Added $3.8m98.8k shares
CITADEL ADVISORS LLC Added $2.0m51.8k shares
SIMPLEX TRADING, LLC Added $924.2k24.2k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $622.5k16.3k shares
Walleye Trading LLC New $252.1k6.6k shares
GROUP ONE TRADING LLC Reduced $103.1k2.7k shares

Biggest puts

CITADEL ADVISORS LLC Added $584.3k15.3k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $515.6k13.5k shares
IMC-Chicago, LLC New $469.7k12.3k shares
SIMPLEX TRADING, LLC Added $34.4k900 shares
Walleye Trading LLC New $15.3k400 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 Q4 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 Q4 2025.

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LAZARD ASSET MANAGEMENT LLC 0.38% of their portfolio NEW YORK, NY 5,866,2815.9m $224.0m $224.0m 0.38% Added +52.7k +52,711
2 DONALD SMITH & CO., INC. 2.72% of their portfolio NEW YORK, NY 3,808,6453.8m $145.5m $145.5m 2.72% Added +66.1k +66,062
3 SCHRODER INVESTMENT MANAGEMENT GROUP 0.06% of their portfolio London, X0 2,171,9532.2m $82.9m $82.9m 0.06% Reduced -107.3k -107,320
4 Ninety One UK Ltd 0.15% of their portfolio London, X0 1,844,7691.8m $70.5m $70.5m 0.15% Reduced -2.6m -2,572,009
5 ACADIAN ASSET MANAGEMENT LLC 0.07% of their portfolio Boston, MA 1,178,4981.2m $45.0m $45.0m 0.07% Added +42.6k +42,610
6 Cape Ann Asset Management Ltd 11.10% of their portfolio LONDON, X0 1,068,6491.1m $40.8m $40.8m 11.10% Added +182.0k +182,000
7 CONTRARIAN CAPITAL MANAGEMENT, L.L.C. 9.98% of their portfolio Greenwich, CT 992,413992.4k $37.9m $37.9m 9.98% Unchanged
8 Ninety One North America, Inc. 1.22% of their portfolio New York, NY 785,653785.7k $30.0m $30.0m 1.22% Reduced -1.1m -1,075,131
9 OAKTREE CAPITAL MANAGEMENT LP 0.41% of their portfolio LOS ANGELES, CA 658,565658.6k $25.2m $25.2m 0.41% Reduced -238.9k -238,944
10 BlackRock, Inc. 0.00% of their portfolio New York, NY 600,025600.0k $22.9m $22.9m 0.00% Added +49.4k +49,375
11 Amundi 0.01% of their portfolio Paris, I0 586,491586.5k $22.4m $22.4m 0.01% Added +23.6k +23,578
12 PRUDENTIAL PLC 0.18% of their portfolio LONDON, X0 579,474579.5k $22.1m $22.1m 0.18% Reduced -138.1k -138,119
13 Russell Investments Group, Ltd. 0.02% of their portfolio Seattle, WA 576,382576.4k $22.0m $22.0m 0.02% Reduced -19.0k -18,952
14 Robeco Institutional Asset Management B.V. 0.02% of their portfolio ROTTERDAM, P7 412,932412.9k $15.8m $15.8m 0.02% Reduced -9.0k -9,000
15 Westwood Global Investments, LLC 0.41% of their portfolio BOSTON, MA 209,080209.1k $8.0m $8.0m 0.41% Reduced -18.3k -18,300
16 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 189,800189.8k $7.2m $7.2m 0.01% Reduced -29.9k -29,900
17 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 160,021160.0k $6.1m $6.1m 0.00% Reduced -14.5k -14,462
18 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 128,094128.1k $4.9m $4.9m 0.01% Added +110.6k +110,587
19 CANADA PENSION PLAN INVESTMENT BOARD 0.00% of their portfolio TORONTO ONTARIO, A6 120,249120.2k $4.6m $4.6m 0.00% Unchanged
20 MACKENZIE FINANCIAL CORP 0.01% of their portfolio TORONTO ONTARIO, A6 118,759118.8k $4.5m $4.5m 0.01% Reduced -610 -610
21 DEPRINCE RACE & ZOLLO INC 0.09% of their portfolio Winter Park, FL 118,482118.5k $4.5m $4.5m 0.09% Added +17.5k +17,461
22 Empirical Finance, LLC 0.17% of their portfolio NEWTOWN SQUARE, PA 95,12995.1k $3.6m $3.6m 0.17% Added +8.6k +8,630
23 State of New Jersey Common Pension Fund D 0.01% of their portfolio TRENTON, NJ 92,52892.5k $3.5m $3.5m 0.01% Unchanged
24 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.01% of their portfolio COLUMBUS, OH 88,58588.6k $3.4m $3.4m 0.01% Reduced -11.3k -11,283
25 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 81,94281.9k $3.1m $3.1m 0.00% Added +1.5k +1,523
26 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 78,91078.9k $3.0m $3.0m 0.00% Added +7.3k +7,286
27 Allianz Asset Management GmbH 0.00% of their portfolio MUNICH, 2M 77,18377.2k $2.9m $2.9m 0.00% Added +19.1k +19,068
28 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 76,02676.0k $2.9m $2.9m 0.00% Added +60.4k +60,397
29 Militia Capital Partners, LP 0.54% of their portfolio AUSTIN, TX 74,00074.0k $2.8m $2.8m 0.54% Reduced -37.0k -37,000
30 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 71,00971.0k $2.7m $2.7m 0.00% Reduced -31.1k -31,098
31 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 58,32358.3k $2.2m $2.2m 0.00% Reduced -139.9k -139,877
32 SILVERCREST ASSET MANAGEMENT GROUP LLC 0.02% of their portfolio NEW YORK, NY 57,29457.3k $2.2m $2.2m 0.02% Added +2.0k +2,014
33 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 52,11352.1k $2.0m $2.0m 0.00% Added +45.2k +45,193
34 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 43,68043.7k $1.7m $1.7m 0.00% Reduced -1.5k -1,454
35 VAN ECK ASSOCIATES CORP 0.00% of their portfolio NEW YORK, NY 42,25342.3k $1.6m $1.6m 0.00% Reduced -73.7k -73,733
36 Numerai GP LLC 0.19% of their portfolio SAN FRANCISCO, CA 40,74340.7k $1.6m $1.6m 0.19% Added +27.4k +27,447
37 Oaktree Fund Advisors, LLC 2.75% of their portfolio LOS ANGLES, CA 38,88638.9k $1.5m $1.5m 2.75% Reduced -12.6k -12,643
38 Jump Financial, LLC 0.02% of their portfolio Chicago, IL 37,67737.7k $1.4m $1.4m 0.02% Reduced -10.4k -10,366
39 UBS Group AG 0.00% of their portfolio ZURICH, V8 33,63933.6k $1.3m $1.3m 0.00% Reduced -47.7k -47,668
40 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 28,91928.9k $1.1m $1.1m 0.00% Added +4.9k +4,933
41 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 27,07227.1k $1.0m $1.0m 0.00% Reduced -629 -629
42 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 26,98527.0k $1.0m $1.0m 0.00% Reduced -46 -46
43 COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.01% of their portfolio HARRISBURG, PA 26,79626.8k $1.0m $1.0m 0.01% Unchanged
44 Brooklyn Investment Group 0.04% of their portfolio NEW YORK, NY 25,18525.2k $961.8k $961.8k 0.04% Added +15.4k +15,444
45 TOWLE & CO 0.25% of their portfolio DENVER, CO 24,79424.8k $946.9k $946.9k 0.25% Unchanged
46 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 24,52724.5k $936.7k $936.7k 0.00% Added +955 +955
47 Boston Partners 0.00% of their portfolio BOSTON, MA 23,59523.6k $901.1k $901.1k 0.00% Reduced -472 -472
48 Oldfield Partners LLP 0.25% of their portfolio LONDON, X0 23,49523.5k $897.3k $897.3k 0.25% Reduced -33.5k -33,513
49 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 22,04522.0k $841.9k $841.9k 0.00% Added +225 +225
50 HANTZ FINANCIAL SERVICES, INC. 0.01% of their portfolio SOUTHFIELD, MI 21,21721.2k $810.0k $810.0k 0.01% Added +3.3k +3,305
51 CoreCommodity Management, LLC 0.16% of their portfolio STAMFORD, CT 20,38920.4k $778.7k $778.7k 0.16% Reduced -3.6k -3,650
52 Verition Fund Management LLC 0.00% of their portfolio GREENWICH, CT 20,18720.2k $770.9k $770.9k 0.00% New
53 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 19,26019.3k $736.0k $736.0k 0.00% New
54 WealthTrust Axiom LLC 0.18% of their portfolio WAYNE, PA 18,65018.6k $712.2k $712.2k 0.18% Unchanged
55 Aquatic Capital Management LLC 0.02% of their portfolio CHICAGO, IL 18,42918.4k $703.8k $703.8k 0.02% Added +3.0k +3,023
56 BEARING POINT CAPITAL, LLC 0.11% of their portfolio BLOOMINGTON, MN 18,00018.0k $687.4k $687.4k 0.11% Unchanged
57 Investors Research Corp 0.12% of their portfolio ATLANTA, GA 16,95016.9k $647.3k $647.3k 0.12% Reduced -350 -350
58 CAXTON ASSOCIATES LLP 0.01% of their portfolio LONDON, X0 15,39115.4k $587.8k $587.8k 0.01% Reduced -2.4k -2,428
59 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio BOSTON, MA 14,16114.2k $540.8k $540.8k 0.00% New
60 Campbell & CO Investment Adviser LLC 0.03% of their portfolio BALTIMORE, MD 13,72813.7k $524.3k $524.3k 0.03% New
61 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.00% of their portfolio Stamford, CT 13,23213.2k $505.3k $505.3k 0.00% Added +231 +231
62 Vident Advisory, LLC 0.00% of their portfolio Alpharetta, GA 12,73112.7k $486.2k $486.2k 0.00% Reduced -1.2k -1,156
63 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 12,36512.4k $472.0k $472.0k 0.00% New
64 BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.00% of their portfolio Madrid, U3 11,22011.2k $429.6k $429.6k 0.00% Added +883 +883
65 Mariner, LLC 0.00% of their portfolio Overland Park, KS 10,37310.4k $396.1k $396.1k 0.00% Reduced -42 -42
66 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 10,12510.1k $386.7k $386.7k 0.00% New
67 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 9,6089.6k $366.9k $366.9k 0.00% New
68 Employees Retirement System of Texas 0.00% of their portfolio AUSTIN, TX 9,4809.5k $362.0k $362.0k 0.00% Reduced -2.6k -2,595
69 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 9,3159.3k $355.7k $355.7k 0.00% Reduced -403 -403
70 Symphony Financial, Ltd. Co. 0.04% of their portfolio HOUSTON, TX 8,7058.7k $332.4k $332.4k 0.04% Reduced -3.0k -2,998
71 Quadrature Capital Ltd 0.00% of their portfolio LONDON, X0 8,6808.7k $331.5k $331.5k 0.00% New
72 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 8,5448.5k $326.3k $326.3k 0.00% New
73 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 8,2028.2k $313.2k $313.2k 0.00% Reduced -25.8k -25,766
74 Arrow Investment Advisors, LLC 0.30% of their portfolio LAUREL, MD 7,0587.1k $269.5k $269.5k 0.30% Reduced -201 -201
75 QRG CAPITAL MANAGEMENT, INC. 0.00% of their portfolio BERWYN, PA 7,0487.0k $269.2k $269.2k 0.00% New
76 Vanguard Personalized Indexing Management, LLC 0.00% of their portfolio OAKLAND, CA 6,6196.6k $252.8k $252.8k 0.00% Reduced -157 -157
77 Advisors Preferred, LLC 0.04% of their portfolio ROCKVILLE, MD 6,4306.4k $251.6k $251.6k 0.04% Reduced -26.4k -26,359
78 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 5,6015.6k $213.9k $213.9k 0.00% New
79 State of Wyoming 0.02% of their portfolio CHEYENNE, WY 5,5875.6k $213.4k $213.4k 0.02% Added +1.4k +1,395
80 Prospera Financial Services Inc 0.00% of their portfolio Dallas, TX 5,4765.5k $209.5k $209.5k 0.00% New
81 Cornerstone Select Advisors, LLC 0.14% of their portfolio ST. LOUIS, MO 5,4665.5k $208.7k $208.7k 0.14% Reduced -718 -718
82 Bank Julius Baer & Co. Ltd, Zurich 0.00% of their portfolio ZURICH, V8 3,5323.5k $134.9k $134.9k 0.00% Unchanged
83 Mitsubishi UFJ Trust & Banking Corp 0.00% of their portfolio TOKYO, M0 3,4043.4k $130.0k $130.0k 0.00% Added +54 +54
84 SBI Securities Co., Ltd. 0.00% of their portfolio TOKYO, M0 3,3683.4k $128.6k $128.6k 0.00% Reduced -167 -167
85 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 2,4182.4k $92.3k $92.3k 0.00% Reduced -1.7k -1,701
86 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 2,2052.2k $84.2k $84.2k 0.00% Reduced -1.5k -1,493
87 Blue Trust, Inc. 0.00% of their portfolio BRENTWOOD, TN 1,9151.9k $73.1k $73.1k 0.00% Reduced -332 -332
88 GAMMA Investing LLC 0.00% of their portfolio FOSTER CITY, CA 1,6591.7k $63.4k $63.4k 0.00% Added +598 +598
89 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,2541.3k $47.9k $47.9k 0.00% Reduced -1.3k -1,254
90 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 1,2001.2k $45.8k $45.8k 0.00% Unchanged
91 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 1,1681.2k $44.6k $44.6k 0.00% Added +1 +1
92 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 1,1281.1k $43.1k $43.1k 0.00% Reduced -25 -25
93 Camelot Portfolios, LLC 0.02% of their portfolio Maumee, OH 1,0001.0k $38.2k $38.2k 0.02% New
94 ATLAS CAPITAL ADVISORS INC. 0.00% of their portfolio JACKSON, WY 940940 $35.9k $35.9k 0.00% First filing
95 EDMOND DE ROTHSCHILD HOLDING S.A. 0.00% of their portfolio CHAMBESY, V8 900900 $34.4k $34.4k 0.00% Unchanged
96 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 868868 $33.1k $33.1k 0.00% Reduced -126 -126
97 Sound Income Strategies, LLC 0.00% of their portfolio FT LAUDERDALE, FL 840840 $35.0k $35.0k 0.00% Unchanged
98 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 704704 $26.9k $26.9k 0.00% Added +232 +232
99 Key Financial Inc 0.00% of their portfolio WEST CHESTER, PA 600600 $22.9k $22.9k 0.00% Unchanged
100 Parallel Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 400400 $15.3k $15.3k 0.00% Unchanged