CUSIP 373737105
GERDAU SA
206 institutions · $1.05B total · 289,782,813 shares · GGB
| # | Manager | Shares | Value | % of Total | Period |
|---|---|---|---|---|---|
| 1 | FMR LLC | 54,769,863 | $202.1M | 18.90% | 2025-12-31 |
| 2 | Capital International Investors | 27,415,434 | $101.2M | 9.46% | 2025-12-31 |
| 3 | DONALD SMITH & CO., INC. | 24,211,588 | $89.3M | 8.35% | 2025-12-31 |
| 4 | Aquamarine Financial (Cayman) Ltd | 19,526,171 | $72.1M | 6.73% | 2025-12-31 |
| 5 | CONTRARIAN CAPITAL MANAGEMENT, L.L.C. | 19,069,112 | $70.4M | 6.58% | 2025-12-31 |
| 6 | BANK OF AMERICA CORP /DE/ | 15,808,715 | $49.0M | 5.45% | 2025-12-31 |
| 7 | DIMENSIONAL FUND ADVISORS LP | 10,204,405 | $37.7M | 3.52% | 2025-12-31 |
| 8 | Itau Unibanco Holding S.A. | 8,744,732 | $32.3M | 3.01% | 2025-12-31 |
| 9 | CAUSEWAY CAPITAL MANAGEMENT LLC | 7,259,433 | $26.8M | 2.50% | 2025-12-31 |
| 10 | RENAISSANCE TECHNOLOGIES LLC | 6,211,324 | $22.9M | 2.14% | 2025-12-31 |
| 11 | CITADEL ADVISORS LLC | 5,847,791 | $21.6M | 2.01% | 2025-12-31 |
| 12 | BlackRock, Inc. | 5,705,543 | $21.1M | 1.96% | 2025-12-31 |
| 13 | AMERICAN CENTURY COMPANIES INC | 5,424,093 | $20.0M | 1.87% | 2025-12-31 |
| 14 | SPX Gestao de Recursos Ltda | 4,894,496 | $18.1M | 1.68% | 2025-12-31 |
| 15 | NEW YORK STATE COMMON RETIREMENT FUND | 3,253,731 | $18.0M | 1.12% | 2025-09-30 |
| 16 | MORGAN STANLEY | 4,773,600 | $17.6M | 1.64% | 2025-12-31 |
| 17 | MACKENZIE FINANCIAL CORP | 4,117,253 | $15.3M | 1.42% | 2025-12-31 |
| 18 | TWO SIGMA INVESTMENTS, LP | 3,751,067 | $13.8M | 1.29% | 2025-12-31 |
| 19 | STATE STREET CORP | 3,531,028 | $13.0M | 1.21% | 2025-12-31 |
| 20 | MILLENNIUM MANAGEMENT LLC | 3,505,150 | $12.9M | 1.20% | 2025-12-31 |
| 21 | FIL Ltd | 2,544,394 | $9.4M | 0.87% | 2025-12-31 |
| 22 | Optiver Holding B.V. | 2,530,923 | $9.3M | 0.87% | 2025-12-31 |
| 23 | GOLDMAN SACHS GROUP INC | 2,091,664 | $7.7M | 0.72% | 2025-12-31 |
| 24 | Point72 Asset Management, L.P. | 2,072,395 | $7.6M | 0.71% | 2025-12-31 |
| 25 | Jump Financial, LLC | 1,986,943 | $7.3M | 0.68% | 2025-12-31 |
| 26 | VANGUARD GROUP INC | 1,832,197 | $6.8M | 0.63% | 2025-12-31 |
| 27 | Kawa Capital Management, Inc | 2,094,404 | $6.5M | 0.72% | 2025-09-30 |
| 28 | UBS Group AG | 1,662,986 | $6.1M | 0.57% | 2025-12-31 |
| 29 | D. E. Shaw & Co., Inc. | 1,615,446 | $6.0M | 0.55% | 2025-12-31 |
| 30 | Kapitalo Investimentos Ltda | 1,921,865 | $6.0M | 0.66% | 2025-09-30 |
| 31 | Sagil Capital LLP | 1,567,825 | $5.8M | 0.54% | 2025-12-31 |
| 32 | MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | 1,327,066 | $4.9M | 0.45% | 2025-12-31 |
| 33 | MARSHALL WACE, LLP | 1,222,334 | $4.5M | 0.42% | 2025-12-31 |
| 34 | Amundi | 1,045,809 | $3.9M | 0.36% | 2025-12-31 |
| 35 | JANE STREET GROUP, LLC | 1,035,079 | $3.8M | 0.35% | 2025-12-31 |
| 36 | Aquatic Capital Management LLC | 1,028,902 | $3.8M | 0.35% | 2025-12-31 |
| 37 | CAPITAL INTERNATIONAL SARL | 934,528 | $3.4M | 0.32% | 2025-12-31 |
| 38 | Russell Investments Group, Ltd. | 869,699 | $3.2M | 0.30% | 2025-12-31 |
| 39 | AXA Investment Managers S.A. | 1,024,392 | $3.2M | 0.35% | 2025-09-30 |
| 40 | Banque Cantonale Vaudoise | 800,000 | $3.0M | 0.27% | 2025-12-31 |
| 41 | Quadrature Capital Ltd | 784,361 | $2.9M | 0.27% | 2025-12-31 |
| 42 | Cubist Systematic Strategies, LLC | 925,457 | $2.9M | 0.31% | 2025-09-30 |
| 43 | Connor, Clark & Lunn Investment Management Ltd. | 719,207 | $2.7M | 0.24% | 2025-12-31 |
| 44 | Legal & General Group Plc | 715,026 | $2.6M | 0.24% | 2025-12-31 |
| 45 | NORTHERN TRUST CORP | 693,736 | $2.6M | 0.23% | 2025-12-31 |
| 46 | HSBC HOLDINGS PLC | 795,462 | $2.5M | 0.27% | 2025-09-30 |
| 47 | XTX Topco Ltd | 588,619 | $2.2M | 0.20% | 2025-12-31 |
| 48 | Grantham, Mayo, Van Otterloo & Co. LLC | 586,191 | $2.2M | 0.20% | 2025-12-31 |
| 49 | Virtus Family Office LLC | 574,870 | $2.1M | 0.19% | 2025-12-31 |
| 50 | Schonfeld Strategic Advisors LLC | 545,963 | $2.0M | 0.18% | 2025-12-31 |
| 51 | CAPITAL INTERNATIONAL LTD /CA/ | 527,933 | $1.9M | 0.18% | 2025-12-31 |
| 52 | TWO SIGMA ADVISERS, LP | 525,580 | $1.9M | 0.18% | 2025-12-31 |
| 53 | Qube Research & Technologies Ltd | 591,604 | $1.8M | 0.20% | 2025-09-30 |
| 54 | GUGGENHEIM CAPITAL LLC | 406,644 | $1.5M | 0.14% | 2025-12-31 |
| 55 | Fisher Asset Management, LLC | 406,181 | $1.5M | 0.14% | 2025-12-31 |
| 56 | CI INVESTMENTS INC. | 317,443 | $1.2M | 0.10% | 2025-12-31 |
| 57 | Ethic Inc. | 297,228 | $1.1M | 0.10% | 2025-12-31 |
| 58 | COMMONWEALTH EQUITY SERVICES, LLC | 285,259 | $1.1M | 0.09% | 2025-12-31 |
| 59 | SEI INVESTMENTS CO | 281,996 | $1.0M | 0.09% | 2025-12-31 |
| 60 | Invesco Ltd. | 279,210 | $1.0M | 0.09% | 2025-12-31 |
| 61 | AQR CAPITAL MANAGEMENT LLC | 272,723 | $1.0M | 0.09% | 2025-12-31 |
| 62 | Quantbot Technologies LP | 269,554 | $994.7K | 0.09% | 2025-12-31 |
| 63 | Creative Planning | 263,111 | $970.9K | 0.09% | 2025-12-31 |
| 64 | ARGA Investment Management, LP | 241,625 | $891.6K | 0.08% | 2025-12-31 |
| 65 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 228,261 | $842.3K | 0.07% | 2025-12-31 |
| 66 | ABN AMRO INVESTMENT SOLUTIONS | 170,654 | $841.3K | 0.05% | 2025-09-30 |
| 67 | STRS OHIO | 221,039 | $815.6K | 0.07% | 2025-12-31 |
| 68 | Capital International, Inc./CA/ | 210,637 | $777.3K | 0.07% | 2025-12-31 |
| 69 | Hartree Partners, LP | 210,000 | $774.9K | 0.07% | 2025-12-31 |
| 70 | Balyasny Asset Management L.P. | 246,998 | $765.7K | 0.08% | 2025-09-30 |
| 71 | NEUBERGER BERMAN GROUP LLC | 192,899 | $711.8K | 0.06% | 2025-12-31 |
| 72 | JPMORGAN CHASE & CO | 183,725 | $677.9K | 0.06% | 2025-12-31 |
| 73 | Hennion & Walsh Asset Management, Inc. | 179,788 | $557.3K | 0.06% | 2025-09-30 |
| 74 | Tidal Investments LLC | 150,552 | $555.5K | 0.05% | 2025-12-31 |
| 75 | UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC | 134,021 | $494.5K | 0.04% | 2025-12-31 |
| 76 | Vident Advisory, LLC | 133,851 | $493.9K | 0.04% | 2025-12-31 |
| 77 | CAPITAL GROUP INVESTMENT MANAGEMENT PTE. LTD. | 117,331 | $433.0K | 0.04% | 2025-12-31 |
| 78 | Squarepoint Ops LLC | 105,813 | $390.4K | 0.03% | 2025-12-31 |
| 79 | CITIGROUP INC | 105,671 | $389.9K | 0.03% | 2025-12-31 |
| 80 | Integrated Wealth Concepts LLC | 104,415 | $385.3K | 0.03% | 2025-12-31 |
| 81 | TRUIST FINANCIAL CORP | 103,153 | $380.6K | 0.03% | 2025-12-31 |
| 82 | MQS Management LLC | 117,779 | $365.1K | 0.04% | 2025-09-30 |
| 83 | Provida Pension Fund Administrator | 111,709 | $346.3K | 0.03% | 2025-12-31 |
| 84 | Centiva Capital, LP | 111,156 | $344.6K | 0.03% | 2025-09-30 |
| 85 | RBF Capital, LLC | 90,000 | $332.1K | 0.03% | 2025-12-31 |
| 86 | Stratos Wealth Partners, LTD. | 88,200 | $325.5K | 0.03% | 2025-12-31 |
| 87 | VPR Management LLC | 86,242 | $318.2K | 0.02% | 2025-12-31 |
| 88 | Robeco Institutional Asset Management B.V. | 80,595 | $297.4K | 0.02% | 2025-12-31 |
| 89 | BNP PARIBAS FINANCIAL MARKETS | 75,751 | $279.5K | 0.02% | 2025-12-31 |
| 90 | Crossmark Global Holdings, Inc. | 74,784 | $276.0K | 0.02% | 2025-12-31 |
| 91 | Sequoia Financial Advisors, LLC | 72,343 | $266.9K | 0.02% | 2025-12-31 |
| 92 | Mirae Asset Global Investments Co., Ltd. | 63,435 | $234.1K | 0.02% | 2025-12-31 |
| 93 | LGT Group Foundation | 58,160 | $216.4K | 0.02% | 2025-12-31 |
| 94 | Caprock Group, LLC | 58,540 | $216.0K | 0.02% | 2025-12-31 |
| 95 | BSW Wealth Partners | 53,697 | $198.1K | 0.01% | 2025-12-31 |
| 96 | CoreCommodity Management, LLC | 48,408 | $178.6K | 0.01% | 2025-12-31 |
| 97 | Vanguard Personalized Indexing Management, LLC | 48,279 | $178.2K | 0.01% | 2025-12-31 |
| 98 | Engineers Gate Manager LP | 47,879 | $176.7K | 0.01% | 2025-12-31 |
| 99 | QUADRANT CAPITAL GROUP LLC | 46,894 | $173.0K | 0.01% | 2025-12-31 |
| 100 | Banco BTG Pactual S.A. | 55,000 | $170.5K | 0.01% | 2025-09-30 |
| 101 | Inspire Advisors, LLC | 45,249 | $167.0K | 0.01% | 2025-12-31 |
| 102 | Marex Group plc | 43,843 | $161.8K | 0.01% | 2025-12-31 |
| 103 | Brooklands Fund Management Ltd | 50,000 | $155.0K | 0.01% | 2025-09-30 |
| 104 | RHUMBLINE ADVISERS | 41,639 | $153.7K | 0.01% | 2025-12-31 |
| 105 | Pathstone Holdings, LLC | 40,228 | $148.4K | 0.01% | 2025-12-31 |
| 106 | MONEY CONCEPTS CAPITAL CORP | 38,430 | $141.8K | 0.01% | 2025-12-31 |
| 107 | Magnetar Financial LLC | 34,114 | $125.9K | 0.01% | 2025-12-31 |
| 108 | PROFUND ADVISORS LLC | 33,635 | $124.1K | 0.01% | 2025-12-31 |
| 109 | Sowell Financial Services LLC | 33,377 | $123.2K | 0.01% | 2025-12-31 |
| 110 | Fractal Investments LLC | 33,264 | $122.7K | 0.01% | 2025-12-31 |
| 111 | Tuttle Capital Management, LLC | 31,986 | $118.0K | 0.01% | 2025-12-31 |
| 112 | Farringdon Capital, Ltd. | 37,377 | $115.9K | 0.01% | 2025-09-30 |
| 113 | PNC Financial Services Group, Inc. | 29,191 | $107.7K | 0.01% | 2025-12-31 |
| 114 | JOHNSON INVESTMENT COUNSEL INC | 28,300 | $104.4K | 0.00% | 2025-12-31 |
| 115 | West Family Investments, Inc. | 28,168 | $103.9K | 0.00% | 2025-12-31 |
| 116 | ELEVATION POINT WEALTH PARTNERS, LLC | 35,007 | $100.8K | 0.01% | 2025-12-31 |
| 117 | PharVision Advisers, LLC | 27,308 | $100.8K | 0.00% | 2025-12-31 |
| 118 | QRG CAPITAL MANAGEMENT, INC. | 26,904 | $99.3K | 0.00% | 2025-12-31 |
| 119 | Mitsubishi UFJ Trust & Banking Corp | 26,455 | $97.6K | 0.00% | 2025-12-31 |
| 120 | Inspire Investing, LLC | 26,397 | $97.4K | 0.00% | 2025-12-31 |
| 121 | Corient Private Wealth LLC | 25,788 | $95.2K | 0.00% | 2025-12-31 |
| 122 | YOUSIF CAPITAL MANAGEMENT, LLC | 22,284 | $92.7K | 0.00% | 2025-12-31 |
| 123 | TUDOR INVESTMENT CORP ET AL | 24,638 | $90.9K | 0.00% | 2025-12-31 |
| 124 | State of Wyoming | 24,228 | $89.4K | 0.00% | 2025-12-31 |
| 125 | OSAIC HOLDINGS, INC. | 29,861 | $87.2K | 0.01% | 2025-09-30 |
| 126 | RAYMOND JAMES FINANCIAL INC | 22,244 | $82.1K | 0.00% | 2025-12-31 |
| 127 | Ballentine Partners, LLC | 21,382 | $78.9K | 0.00% | 2025-12-31 |
| 128 | Cerity Partners LLC | 20,846 | $76.9K | 0.00% | 2025-12-31 |
| 129 | XPONANCE, INC. | 20,570 | $75.9K | 0.00% | 2025-12-31 |
| 130 | Aigen Investment Management, LP | 19,304 | $71.2K | 0.00% | 2025-12-31 |
| 131 | DARK FOREST CAPITAL MANAGEMENT LP | 22,969 | $71.2K | 0.00% | 2025-09-30 |
| 132 | R Squared Ltd | 22,853 | $70.8K | 0.00% | 2025-09-30 |
| 133 | Plan A Wealth LLC | 17,944 | $66.2K | 0.00% | 2025-12-31 |
| 134 | TWO SIGMA SECURITIES, LLC | 17,447 | $64.4K | 0.00% | 2025-12-31 |
| 135 | Sigma Planning Corp | 17,325 | $63.9K | 0.00% | 2025-12-31 |
| 136 | NATIONAL BANK OF CANADA /FI/ | 17,131 | $63.0K | 0.00% | 2025-12-31 |
| 137 | WOLVERINE TRADING, LLC | 20,100 | $62.5K | 0.00% | 2025-09-30 |
| 138 | WELLS FARGO & COMPANY/MN | 16,787 | $61.9K | 0.00% | 2025-12-31 |
| 139 | SIGNATUREFD, LLC | 16,701 | $61.6K | 0.00% | 2025-12-31 |
| 140 | Sivia Capital Partners, LLC | 15,549 | $57.4K | 0.00% | 2025-12-31 |
| 141 | PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | 15,076 | $55.6K | 0.00% | 2025-12-31 |
| 142 | Argos Wealth Advisors, LLC | 14,757 | $54.5K | 0.00% | 2025-12-31 |
| 143 | FRANKLIN RESOURCES INC | 14,666 | $54.1K | 0.00% | 2025-12-31 |
| 144 | KCM INVESTMENT ADVISORS LLC | 14,576 | $53.8K | 0.00% | 2025-12-31 |
| 145 | O'SHAUGHNESSY ASSET MANAGEMENT, LLC | 14,415 | $53.2K | 0.00% | 2025-12-31 |
| 146 | Parallel Advisors, LLC | 14,355 | $53.0K | 0.00% | 2025-12-31 |
| 147 | BARCLAYS PLC | 15,935 | $49.4K | 0.00% | 2025-09-30 |
| 148 | REGATTA CAPITAL GROUP, LLC | 15,089 | $46.8K | 0.00% | 2025-09-30 |
| 149 | MML INVESTORS SERVICES, LLC | 12,374 | $45.7K | 0.00% | 2025-12-31 |
| 150 | COLDSTREAM CAPITAL MANAGEMENT INC | 11,970 | $44.2K | 0.00% | 2025-12-31 |
| 151 | MERCER GLOBAL ADVISORS INC /ADV | 11,890 | $43.9K | 0.00% | 2025-12-31 |
| 152 | UNITED CAPITAL FINANCIAL ADVISORS, LLC | 11,792 | $43.5K | 0.00% | 2025-12-31 |
| 153 | Zhang Financial LLC | 11,695 | $43.2K | 0.00% | 2025-12-31 |
| 154 | MGO ONE SEVEN LLC | 11,532 | $42.6K | 0.00% | 2025-12-31 |
| 155 | GROUP ONE TRADING LLC | 11,390 | $42.0K | 0.00% | 2025-12-31 |
| 156 | MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 11,319 | $41.8K | 0.00% | 2025-12-31 |
| 157 | Rehmann Capital Advisory Group | 13,320 | $41.3K | 0.00% | 2025-09-30 |
| 158 | IEQ CAPITAL, LLC | 11,116 | $41.0K | 0.00% | 2025-12-31 |
| 159 | Private Advisor Group, LLC | 11,060 | $40.8K | 0.00% | 2025-12-31 |
| 160 | Greenspring Advisors, LLC | 10,906 | $40.2K | 0.00% | 2025-12-31 |
| 161 | Capstone Financial Advisors, Inc. | 10,000 | $36.9K | 0.00% | 2025-12-31 |
| 162 | US BANCORP \DE\ | 9,401 | $34.7K | 0.00% | 2025-12-31 |
| 163 | Pinnacle Wealth Planning Services, Inc. | 9,232 | $34.1K | 0.00% | 2025-12-31 |
| 164 | Aster Capital Management (DIFC) Ltd | 10,909 | $33.8K | 0.00% | 2025-09-30 |
| 165 | Wealthstream Advisors, Inc. | 10,391 | $32.2K | 0.00% | 2025-09-30 |
| 166 | Royal Bank of Canada | 6,691 | $25.0K | 0.00% | 2025-12-31 |
| 167 | Allworth Financial LP | 6,003 | $18.6K | 0.00% | 2025-12-31 |
| 168 | EverSource Wealth Advisors, LLC | 4,026 | $14.9K | 0.00% | 2025-12-31 |
| 169 | Eurizon Capital SGR S.p.A. | 2,893 | $10.7K | 0.00% | 2025-12-31 |
| 170 | GAMMA Investing LLC | 2,685 | $9.9K | 0.00% | 2025-12-31 |
| 171 | North Star Investment Management Corp. | 2,520 | $9.3K | 0.00% | 2025-12-31 |
| 172 | Ritter Daniher Financial Advisory LLC / DE | 2,135 | $7.9K | 0.00% | 2025-12-31 |
| 173 | Farther Finance Advisors, LLC | 1,404 | $5.2K | 0.00% | 2025-12-31 |
| 174 | Blue Trust, Inc. | 1,316 | $4.9K | 0.00% | 2025-12-31 |
| 175 | SIMPLEX TRADING, LLC | 1,254 | $4.6K | 0.00% | 2025-12-31 |
| 176 | Rockefeller Capital Management L.P. | 1,185 | $4.4K | 0.00% | 2025-12-31 |
| 177 | WealthCollab, LLC | 1,035 | $3.8K | 0.00% | 2025-12-31 |
| 178 | BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 1,024,392 | $3.8K | 0.35% | 2025-12-31 |
| 179 | Tower Research Capital LLC (TRC) | 954 | $3.5K | 0.00% | 2025-12-31 |
| 180 | ASSETMARK, INC | 920 | $3.4K | 0.00% | 2025-12-31 |
| 181 | VAN ECK ASSOCIATES CORP | 833,545 | $3.1K | 0.28% | 2025-12-31 |
| 182 | BROWN BROTHERS HARRIMAN & CO | 818 | $3.0K | 0.00% | 2025-12-31 |
| 183 | Federation des caisses Desjardins du Quebec | 756 | $2.8K | 0.00% | 2025-12-31 |
| 184 | ACADIAN ASSET MANAGEMENT LLC | 598,087 | $2.2K | 0.20% | 2025-12-31 |
| 185 | Ramirez Asset Management, Inc. | 543 | $2.0K | 0.00% | 2025-12-31 |
| 186 | TUCKER ASSET MANAGEMENT LLC | 378 | $1.4K | 0.00% | 2025-12-31 |
| 187 | Bogart Wealth, LLC | 344 | $1.3K | 0.00% | 2025-12-31 |
| 188 | JFS WEALTH ADVISORS, LLC | 273 | $1.0K | 0.00% | 2025-12-31 |
| 189 | Addison Advisors LLC | 250 | $923 | 0.00% | 2025-12-31 |
| 190 | Bell Investment Advisors, Inc | 187 | $691 | 0.00% | 2025-12-31 |
| 191 | GSA CAPITAL PARTNERS LLP | 140,640 | $519 | 0.04% | 2025-12-31 |
| 192 | Virtu Financial LLC | 119,006 | $439 | 0.04% | 2025-12-31 |
| 193 | Daiwa Securities Group Inc. | 97,536 | $360 | 0.03% | 2025-12-31 |
| 194 | True Wealth Design, LLC | 80 | $296 | 0.00% | 2025-12-31 |
| 195 | HRT FINANCIAL LP | 94,268 | $292 | 0.03% | 2025-09-30 |
| 196 | FLOW TRADERS U.S. LLC | 65,056 | $240 | 0.02% | 2025-12-31 |
| 197 | Ancora Advisors LLC | 65 | $240 | 0.00% | 2025-12-31 |
| 198 | PRINCIPAL SECURITIES, INC. | 68 | $211 | 0.00% | 2025-09-30 |
| 199 | Cambridge Investment Research Advisors, Inc. | 38,717 | $143 | 0.01% | 2025-12-31 |
| 200 | Caitong International Asset Management Co., Ltd | 2 | $7 | 0.00% | 2025-12-31 |
| 201 | DANSKE BANK A/S | 1 | $4 | 0.00% | 2025-12-31 |
| 202 | HUNTINGTON NATIONAL BANK | 1 | $4 | 0.00% | 2025-12-31 |
| 203 | IFP Advisors, Inc | 0 | $1 | 0.00% | 2025-12-31 |
| 204 | CWM, LLC | 237 | $1 | 0.00% | 2025-12-31 |
| 205 | HANTZ FINANCIAL SERVICES, INC. | 261 | $1 | 0.00% | 2025-12-31 |
| 206 | FNY Investment Advisers, LLC | 270 | $0 | 0.00% | 2025-12-31 |