Ticker · CUSIP 373737105

GGB

ADR

GERDAU SA

Basic Materials·Steel

···Share

Holders (tracked)

Combined shares

24,536,215

Combined value

$90.54M

Last close

$4.30

Quarter

2025Q4

Price is +16.5% vs the avg quarter-end implied price across tracked holders.

Price · 1Y$4.30+1.81 (+72.82%)H $4.55 · L $2.46 · Avg Vol 16.0M

Tracked holders · last 8 quarters

+1 vs previous quarter over the last 8.

SEC event timeline

18 events

Jeremy Grantham (GMO) trimmed2026-02-17
−55,132 shares · 2025Q4
Position
D.E. Shaw & Co. trimmed2026-02-17
−1,550,813 shares · 2025Q4
Position
Ken Griffin (Citadel Advisors) added2026-02-17
+4,059,885 shares · 2025Q4
Position
Two Sigma Investments trimmed2026-02-17
−3,740,143 shares · 2025Q4
Position
Izzy Englander (Millennium Mgmt) added2026-02-17
+1,475,351 shares · 2025Q4
Position
Steve Cohen (Point72) added2026-02-17
+1,693,795 shares · 2025Q4
Position
Paul Tudor Jones (Tudor Investment) opened position2026-02-17
+24,638 shares · 2025Q4
Position
AQR Capital Management added2026-02-17
+72,510 shares · 2025Q4
Position
Renaissance Technologies trimmed2026-02-12
−4,645,824 shares · 2025Q4
Position
Ken Fisher (Fisher Asset Mgmt) added2026-02-09
+1,200 shares · 2025Q4
Position
AQR Capital Management trimmed2025-11-14
−7,872 shares · 2025Q3
Position
Steve Cohen (Point72) added2025-11-14
+130,000 shares · 2025Q3
Position
Two Sigma Investments trimmed2025-11-14
−299,818 shares · 2025Q3
Position
D.E. Shaw & Co. added2025-11-14
+740,017 shares · 2025Q3
Position
Izzy Englander (Millennium Mgmt) trimmed2025-11-14
−1,524,592 shares · 2025Q3
Position
Renaissance Technologies added2025-11-13
+613,547 shares · 2025Q3
Position
Jeremy Grantham (GMO) trimmed2025-11-13
−60,697 shares · 2025Q3
Position
Norges Bank (Norway SWF) exited2025-11-12
−2,319,692 shares · 2024Q3
Position

Insider activity

No insider transactions in the last 30 days.

View full insider history for GGB →

Follow-the-investor returns

If you'd copied each holder of GGB…

Cost basis inferred from each manager's quarter-over-quarter position changes. Sorted by % return on the position they're still holding.

Investor	First in	Cost basis	Return	Position value today
Paul Tudor Jones (Tudor Investment)	2016Q2	$2.79	+54.0%	$106K
D.E. Shaw & Co.	2016Q1	$3.04	+41.5%	$6.9M
Renaissance Technologies	2016Q1	$3.25	+32.3%	$26.7M
Izzy Englander (Millennium Mgmt)	2016Q1	$3.28	+31.0%	$15.1M
Two Sigma Investments	2016Q1	$3.49	+23.1%	$16.1M
Ken Griffin (Citadel Advisors)	2016Q1	$3.49	+23.1%	$100K
Ken Griffin (Citadel Advisors)	2016Q1	$3.49	+23.1%	$100K
Steve Cohen (Point72)	2024Q3	$3.62	+18.8%	$8.9M
AQR Capital Management	2016Q1	$3.97	+8.3%	$1.2M
Ken Fisher (Fisher Asset Mgmt)	2018Q2	$3.98	+8.1%	$1.7M
Jeremy Grantham (GMO)	2017Q1	$4.50	-4.4%	$2.5M

Who moved on this name in 2025Q4

Position changes reported for the latest quarter, grouped by direction.

New positions1

Paul Tudor Jones (Tudor Investment)
+24,638
$91K

Added to5

Ken Griffin (Citadel Advisors)
+4,059,885
$15.0M
Steve Cohen (Point72)
+1,693,795
$6.3M
Izzy Englander (Millennium Mgmt)
+1,475,351
$5.4M
AQR Capital Management
+72,510
$268K
Ken Fisher (Fisher Asset Mgmt)
+1,200
$4K

Trimmed4

Renaissance Technologies
−4,645,824
$17.1M
Two Sigma Investments
−3,740,143
$13.8M
D.E. Shaw & Co.
−1,550,813
$5.7M
Jeremy Grantham (GMO)
−55,132
$203K

Exited0

—

Institutional ownership over time

Distinct super-investors holding this ticker · combined dollar value, by quarter.

Quarter	Holders	Shares	Combined value	Δ holders
2022Q1	11	28,049,584	$180.4M	—
2022Q2	11	23,145,366	$99.3M	—
2022Q3	10	26,670,383	$120.5M	-1
2022Q4	10	37,769,127	$209.2M	—
2023Q1	10	27,878,469	$137.4M	—
2023Q2	10	28,694,411	$149.8M	—
2023Q3	10	26,272,588	$125.3M	—
2023Q4	10	25,877,631	$125.5M	—
2024Q1	8	18,463,577	$81.6M	-2
2024Q2	13	27,870,810	$19.51B	+5
2024Q3	11	19,863,539	$69.5M	-2
2024Q4	11	31,113,213	$89.6M	—
2025Q1	11	33,377,502	$94.8M	—
2025Q2	11	38,744,854	$113.1M	—
2025Q3	10	27,203,548	$84.3M	-1
2025Q4	11	24,536,215	$90.5M	+1

Who owns GGB

11 super-investors · 2025Q4

Tracked stake

24.54M

Combined value

$91M

% of shares outstanding

—

shares-out unknown

Quarter action mix

New1Added6Trim4

#	Manager	Shares	Value	% of book	Last action
1	Renaissance Technologies	6.21M	$23M	0.0%	Trim−4.65M
2	Ken Griffin Citadel Advisors	6.07M	$22M	0.0%	Added+4.06M
3	Two Sigma Investments	3.75M	$14M	0.0%	Trim−3.74M
4	Izzy Englander Millennium Mgmt	3.51M	$13M	0.0%	Added+1.48M
5	Steve Cohen Point72	2.07M	$8M	0.0%	Added+1.69M
6	D.E. Shaw & Co.	1.62M	$6M	0.0%	Trim−1.55M
7	Jeremy Grantham GMO	586.2K	$2M	0.0%	Trim−55.1K
8	Ken Fisher Fisher Asset Mgmt	406.2K	$1M	0.0%	Added+1.2K
9	AQR Capital Management	272.7K	$1M	0.0%	Added+72.5K
10	Paul Tudor Jones Tudor Investment	24.6K	$91K	0.0%	New+24.6K
11	Ken Griffin Citadel Advisors	23.2K	$86K	0.0%	Added+4.06M

Recent moves

20 transactions

ADDIzzy Englander (Millennium Mgmt)
+1,475,351 · 2025Q4
TRIMTwo Sigma Investments
−3,740,143 · 2025Q4
TRIMJeremy Grantham (GMO)
−55,132 · 2025Q4
ADDKen Griffin (Citadel Advisors)
+4,059,885 · 2025Q4
ADDAQR Capital Management
+72,510 · 2025Q4
ADDSteve Cohen (Point72)
+1,693,795 · 2025Q4
TRIMD.E. Shaw & Co.
−1,550,813 · 2025Q4
NEWPaul Tudor Jones (Tudor Investment)
+24,638 · 2025Q4
TRIMRenaissance Technologies
−4,645,824 · 2025Q4
ADDKen Fisher (Fisher Asset Mgmt)
+1,200 · 2025Q4
ADDSteve Cohen (Point72)
+130,000 · 2025Q3
ADDD.E. Shaw & Co.
+740,017 · 2025Q3
TRIMAQR Capital Management
−7,872 · 2025Q3
TRIMIzzy Englander (Millennium Mgmt)
−1,524,592 · 2025Q3
TRIMTwo Sigma Investments
−299,818 · 2025Q3
TRIMJeremy Grantham (GMO)
−60,697 · 2025Q3
ADDRenaissance Technologies
+613,547 · 2025Q3
SOLDNorges Bank (Norway SWF)
−2,319,692 · 2024Q3
ADDSteve Cohen (Point72)
+38,139 · 2025Q2
TRIMIzzy Englander (Millennium Mgmt)
−809,373 · 2025Q2

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