Vault-13

UNIVERSAL STAINLESS & ALLOY

COM · CUSIP 913837100

2 institutional holders -131 vs Q4 2024
102102 shares reported held*
$4.5kreported value*
0 new 0 added 0 reduced 125 sold out net sold ≈ $324.8m (-7.3m 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 ≈ $44.05.

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 36Q4 22: 38Q1 23: 39Q2 23: 50Q3 23: 58Q4 23: 70Q1 24: 79Q2 24: 100Q3 24: 116Q4 24: 133Q1 25: 22Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 202236
Q4 202238
Q1 202339
Q2 202350
Q3 202358
Q4 202370
Q1 202479
Q2 2024100
Q3 2024116
Q4 2024133
Q1 20252

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q2 23: 26 bought or addedQ2 23: 14 cut or sold outQ3 23: 29 bought or addedQ3 23: 22 cut or sold outQ3 23Q4 23: 39 bought or addedQ4 23: 21 cut or sold outQ1 24: 49 bought or addedQ1 24: 29 cut or sold outQ1 24Q2 24: 63 bought or addedQ2 24: 44 cut or sold outQ3 24: 67 bought or addedQ3 24: 45 cut or sold outQ3 24Q4 24: 71 bought or addedQ4 24: 66 cut or sold outQ1 25: 0 bought or addedQ1 25: 125 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 20232614
Q3 20232922
Q4 20233921
Q1 20244929
Q2 20246344
Q3 20246745
Q4 20247166
Q1 20250125

Calls vs puts

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

CallsPuts
$0$2m$4m$6m$8mQ2 24 calls: $13.0kQ2 24 puts: $105.9kQ2 24P/C 8.15Q3 24 calls: $919.4kQ3 24 puts: $526.0kQ3 24P/C 0.57Q4 24 calls: $8.0mQ4 24 puts: $277.1kQ4 24P/C 0.03Q1 25 calls: $0Q1 25 puts: $0Q1 25P/C —
Numbers
QuarterCallsPutsP/C
Q2 2024$13.0k$105.9k8.15
Q3 2024$919.4k$526.0k0.57
Q4 2024$8.0m$277.1k0.03
Q1 2025$0$0—

Biggest buyers

None

Biggest sellers

BlackRock, Inc. Sold out -621,767-621.8k
Magnetar Financial LLC Sold out -616,486-616.5k
VANGUARD GROUP INC Sold out -448,261-448.3k
Minerva Advisors LLC Sold out -391,487-391.5k
FIL Ltd Sold out -376,601-376.6k
ALLIANCEBERNSTEIN L.P. Sold out -328,610-328.6k
DIMENSIONAL FUND ADVISORS LP Sold out -298,359-298.4k
JB CAPITAL PARTNERS LP Sold out -245,000-245.0k
AMERICAN CENTURY COMPANIES INC Sold out -242,544-242.5k
Squarepoint Ops LLC Sold out -237,688-237.7k

Holders, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ARMSTRONG ADVISORY GROUP, INC 0.00% of their portfolio NEEDHAM, MA 100100 $4.4k $4.4k 0.00% Unchanged
2 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 22 $90 $90 0.00% Unchanged