UNIVERSAL STAINLESS & ALLOY
COM · CUSIP 913837100
39
institutional holders
+1 vs Q4 2022
5.1m
shares reported held*
$50.7mreported value*
4 new
13 added
10 reduced
4 sold out
net sold ≈ $710.8k (-76.0k 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. Holder counts are more reliable. Implied quarter-end price ≈ $9.88. Options: 2 managers hold calls ($0 notional), 2 hold puts ($7.0k).
Trends to Q1 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 36 |
| Q4 2022 | 38 |
| Q1 2023 | 39 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Bought or addedCut or sold out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 11 | 16 |
| Q1 2023 | 17 | 14 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
CallsPuts
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $0 | $0 | — |
| Q4 2022 | $0 | $0 | — |
| Q1 2023 | $0 | $7.0k | — |
Biggest buyers
| Brandywine Global Investment Management, LLC | Added | +135.9k |
| Ancora Advisors LLC | Added | +27.0k |
| UBS Group AG | Added | +21.3k |
| RENAISSANCE TECHNOLOGIES LLC | Added | +18.6k |
| AEGIS FINANCIAL CORP | Added | +5.5k |
| MORGAN STANLEY | Added | +5.0k |
| Tower Research Capital LLC (TRC) | Added | +2.8k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +2.0k |
| NORTHERN TRUST CORP | Added | +1.0k |
| Founders Capital Management | New | +1.0k |
Biggest sellers
| Praetorian Capital Management LLC | Sold out | -136.2k |
| Russell Investments Group, Ltd. | Reduced | -34.9k |
| ROYCE & ASSOCIATES LP | Reduced | -20.9k |
| AMERIPRISE FINANCIAL INC | Reduced | -19.2k |
| CITADEL ADVISORS LLC | Sold out | -16.5k |
| Janney Montgomery Scott LLC | Reduced | -15.0k |
| SHUFRO ROSE & CO LLC | Sold out | -14.2k |
| Boston Partners | Reduced | -13.6k |
| Rodgers Brothers Inc. | Reduced | -11.7k |
| DIMENSIONAL FUND ADVISORS LP | Reduced | -8.1k |
Biggest calls
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
| SIMPLEX TRADING, LLC | New | $0100 shares |
Biggest puts
| SIMPLEX TRADING, LLC | New | $7.0k800 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.
Holders, Q1 2023
| Manager | Shares | Change |
|---|---|---|
| Minerva Advisors LLC 4.90% of their portfolio | 738.4k $6.8m | Unchanged |
| ROYCE & ASSOCIATES LP 0.05% of their portfolio | 494.6k $4.6m | Reduced -20.9k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 489.7k $4.6m | Reduced -19.2k |
| AEGIS FINANCIAL CORP 3.34% of their portfolio | 460.6k $4.3m | Added +5.5k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 458.8k $4.3m | Reduced -8.1k |
| VANGUARD GROUP INC 0.00% of their portfolio | 361.7k $3.4m | Added +600 |
| Brandywine Global Investment Management, LLC 0.01% of their portfolio | 271.7k $2.5m | Added +135.9k |
| JB CAPITAL PARTNERS LP 1.21% of their portfolio | 245.0k $5.1m | Unchanged |
| WITTENBERG INVESTMENT MANAGEMENT, INC. 0.85% of their portfolio | 244.6k $2.3m | Reduced -7.3k |
| Praetorian PR LLC 1.40% of their portfolio | 200.0k $1.9m | First filing |
| Foundry Partners, LLC 0.08% of their portfolio | 134.4k $1.3m | Reduced -610 |
| CM Management, LLC 1.28% of their portfolio | 115.0k $1.1m | Unchanged |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 112.3k $1.1m | Reduced -34.9k |
| BlackRock Inc. 0.00% of their portfolio | 101.9k $953.2k | Added +636 |
| ACADIAN ASSET MANAGEMENT LLC 0.00% of their portfolio | 97.9k $914.0k | Unchanged |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 89.5k $837.0k | Added +18.6k |
| ESSEX INVESTMENT MANAGEMENT CO LLC 0.12% of their portfolio | 86.8k $811.3k | Unchanged |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 82.9k $775.1k | Added +2.0k |
| Ancora Advisors LLC 0.02% of their portfolio | 62.5k $584.8k | Added +27.0k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 41.6k $388.7k | Added +425 |
| UBS Group AG 0.00% of their portfolio | 39.5k $369.3k | Added +21.3k |
| Rodgers Brothers Inc. 0.07% of their portfolio | 39.2k $367.0k | Reduced -11.7k |
| Boston Partners 0.00% of their portfolio | 35.6k $333.3k | Reduced -13.6k |
| Marquette Asset Management, LLC 0.08% of their portfolio | 33.0k $308.4k | Unchanged |
| NORTHERN TRUST CORP 0.00% of their portfolio | 24.7k $231.1k | Added +1.0k |
| STATE STREET CORP 0.00% of their portfolio | 24.6k $230.2k | Unchanged |
| FIRST MANHATTAN CO. LLC. 0.00% of their portfolio | 19.9k $186.1k | Unchanged |
| Janney Montgomery Scott LLC 0.00% of their portfolio | 11.3k $106.0k | Reduced -15.0k |
| MORGAN STANLEY 0.00% of their portfolio | 6.0k $56.5k | Added +5.0k |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 3.9k $37.0k | Added +2.8k |
| Founders Capital Management 0.01% of their portfolio | 1.0k $9.0k | New |
| EARNEST PARTNERS LLC 0.00% of their portfolio | 500 $4.7k | Unchanged |
| CWM, LLC 0.00% of their portfolio | 450 $4.0k | Unchanged |
| SIMPLEX TRADING, LLC 0.00% of their portfolio | 270 $2.0k | New |
| FMR LLC 0.00% of their portfolio | 240 $2.2k | New |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 157 $1.0k | Reduced -192 |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 62 $580 | Added +1 |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 11 $0 | New |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |