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Disclosery

GGB GERDAU SA

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ADR (ADR), issuer CIK 1073404

169 managers (177 13F filers) reported a position in GGB shares at 2025-09-30, 327,515,932 shares in all. 26 filers opened a position and 20 filers sold out during the quarter.

Managers
169
13F filers
177
New
26
Added
73
Reduced
46
Sold out
20
Shares held by filers
327,515,932

Shares held by filers adds up every 13F filer's report, so a share reported by a parent and by its subsidiary counts twice (H9). Managers counts each filer group once.

13D and 13G filers

No 13D or 13G on this security in the data. Structured 13D/G data starts 2024-12-18.

Insider trades

No Form 4 transaction on this security in the data.

13F holders, Q3 2025

Filers in the available 13F reports with a share position at 2025-09-30, filer groups collapsed to one row (method), largest first. Options and principal amounts are left out. A group row states no % of portfolio, since each member reports its own portfolio: the members' percents are listed under it. A value about 1,000 times or 1/1,000 of the price other filers imply is shown as filed but neither ranks the row nor enters a sum.

HolderSharesValue% of portfolioChangeSource
FMR LLCin group FMR LLC85,298,306$264M0.01%-23,792,87413F-HRTimelineGroup
Capital International Investorsgroup of 4 filers holding32,801,193$102M+259,798Timeline
CONTRARIAN CAPITAL MANAGEMENT, L.L.C.in group CONTRARIAN CAPITAL MANAGEMENT…19,069,112$59.1M14.92%013F-HRTimelineGroup
Aquamarine Financial (Cayman) Ltd17,801,228$55.2M5.66%13F-HRTimeline
DONALD SMITH & CO., INC.in group DONALD SMITH & CO., INC.16,229,292$50.3M1%+10,256,83213F-HRTimelineGroup
BANK OF AMERICA CORP /DE/in group BANK OF AMERICA CORP /DE/15,894,871$49.3M<0.01%+2,910,48213F-HR/ATimelineGroup
DIMENSIONAL FUND ADVISORS LPin group DIMENSIONAL FUND ADVISORS LP12,044,353$37.3M0.01%-402,36113F-HRTimelineGroup
RENAISSANCE TECHNOLOGIES LLC10,857,148$33.7M0.04%+613,54713F-HRTimeline
TWO SIGMA INVESTMENTS, LPgroup of 2 filers holding10,710,570$33.2M-2,747,518Timeline
Itau Unibanco Holding S.A.in group Itau Unibanco Holding S.A.9,956,261$30.9M1.05%+5,919,66113F-HRTimelineGroup
CAUSEWAY CAPITAL MANAGEMENT LLC7,189,270$22.3M0.29%+4,519,09213F-HRTimeline
BlackRock, Inc.in group BlackRock, Inc.7,003,117$21.7M<0.01%-17,62413F-HRTimelineGroup
MORGAN STANLEYin group MORGAN STANLEY6,687,098$20.7M<0.01%+2,379,65413F-HR/ATimelineGroup
Optiver Holding B.V.in group Optiver Holding B.V.5,435,331$16.8M0.27%+1,752,28213F-HRTimelineGroup
GOLDMAN SACHS GROUP INCin group GOLDMAN SACHS GROUP INC5,212,804$16.2M<0.01%+1,765,47813F-HRTimelineGroup
AMERICAN CENTURY COMPANIES INCin group AMERICAN CENTURY COMPANIES INC4,821,008$14.9M0.01%+804,25913F-HRTimelineGroup
SPX Gestao de Recursos Ltdain group SPX Gestao de Recursos Ltda4,491,042$13.9M1.17%+1,621,93813F-HRTimelineGroup
UBS Group AGgroup of 2 filers holding4,082,024$12.7M+2,008,991Timeline
STATE STREET CORPin group STATE STREET CORP3,340,545$10.4M<0.01%+99,92813F-HRTimelineGroup
VANGUARD GROUP INCgroup of 2 filers holding3,301,272$10.2M+87,195Timeline
D. E. Shaw & Co., Inc.in group D. E. Shaw & Co., Inc.3,166,259$9.82M0.01%+740,01713F-HRTimelineGroup
FIL Ltdin group FIL Ltd3,042,520$9.43M0.01%+149,85613F-HRTimelineGroup
MACKENZIE FINANCIAL CORP2,280,093$7.07M0.01%+735,72113F-HRTimeline
Kawa Capital Management, Inc2,094,404$6.49M11.77%013F-HRTimeline
MILLENNIUM MANAGEMENT LLCin group MILLENNIUM MANAGEMENT LLC2,029,799$6.29M<0.01%-1,524,59213F-HRTimelineGroup
CITADEL ADVISORS LLCin group CITADEL ADVISORS LLC2,008,015$6.22M<0.01%-11,133,59113F-HRTimelineGroup
MARSHALL WACE, LLPin group MARSHALL WACE, LLP1,952,413$6.05M0.01%+1,212,94013F-HRTimelineGroup
Kapitalo Investimentos Ltda1,921,865$5.96M1.12%new13F-HRTimeline
Engineers Gate Manager LP1,627,043$5.04M0.06%new13F-HRTimeline
Sagil Capital LLP1,567,825$4.86M2.93%new13F-HRTimeline
Amundiin group Amundi1,319,223$4.3M<0.01%+193,06213F-HRTimelineGroup
Schonfeld Strategic Advisors LLC1,280,109$3.97M0.03%+1,200,54713F-HRTimeline
VAN ECK ASSOCIATES CORPin group VAN ECK ASSOCIATES CORP1,272,140$3.94M<0.01%+241,56413F-HRTimelineGroup
AXA Investment Managers S.A.1,024,392$3.18M0.01%13F-HRTimeline
NORTHERN TRUST CORPin group NORTHERN TRUST CORP980,248$3.04M<0.01%+79,75413F-HRTimelineGroup
MASSACHUSETTS FINANCIAL SERVICES CO /MA/in group MASSACHUSETTS FINANCIAL SERVI…940,472$2.92M<0.01%+352,87013F-HRTimelineGroup
Cubist Systematic Strategies, LLC925,457$2.87M0.04%-1,023,24813F-HRTimeline
Connor, Clark & Lunn Investment Managem…851,660$2.64M0.01%-32,36213F-HRTimeline
Legal & General Group Plcin group Legal & General Group Plc840,628$2.6M<0.01%013F-HRTimelineGroup
HSBC HOLDINGS PLCin group HSBC HOLDINGS PLC795,543$2.47M<0.01%-10,25813F-HRTimelineGroup
SUSQUEHANNA INTERNATIONAL GROUP, LLPin group SUSQUEHANNA INTERNATIONAL GRO…768,232$2.38M<0.01%+675,14813F-HRTimelineGroup
Aquatic Capital Management LLC687,466$2.13M0.04%+392,00313F-HRTimeline
Grantham, Mayo, Van Otterloo & Co. LLC641,323$1.99M0.01%-60,69713F-HRTimeline
Qube Research & Technologies Ltd591,604$1.83M<0.01%new13F-HRTimeline
Virtus Family Office LLC575,069$1.78M1.67%+123,91113F-HRTimeline
Virtu Financial LLCin group Virtu Financial LLC424,385$1.32M0.07%+334,89913F-HRTimelineGroup
Fisher Asset Management, LLC404,981$1.26M<0.01%013F-HRTimeline
GUGGENHEIM CAPITAL LLCin group GUGGENHEIM CAPITAL LLC397,574$1.23M0.01%+26,00713F-HRTimelineGroup
Quantbot Technologies LP390,443$1.21M0.03%-32,41813F-HRTimeline
Point72 Asset Management, L.P.in group Point72 Asset Management, L.P.378,600$1.17M<0.01%+130,00013F-HRTimelineGroup
Squarepoint Ops LLCin group Squarepoint Ops LLC331,132$1.03M<0.01%+290,89413F-HRTimelineGroup
CI INVESTMENTS INC.in group CI INVESTMENTS INC.317,443$984K<0.01%-11,29813F-HRTimelineGroup
GSA CAPITAL PARTNERS LLP316,396$981K0.08%new13F-HRTimeline
XTX Topco Ltdin group XTX Topco Ltd315,043$977K0.05%+299,08113F-HRTimelineGroup
COMMONWEALTH EQUITY SERVICES, LLC280,616$870K<0.01%-9,61113F-HRTimeline
Invesco Ltd.in group Invesco Ltd.272,160$844K<0.01%+34113F-HRTimelineGroup
Robeco Institutional Asset Management B…in group Robeco Institutional Asset Ma…262,341$813K<0.01%+199,11513F-HRTimelineGroup
STRS OHIO259,660$805K<0.01%013F-HRTimeline
ARGA Investment Management, LP252,387$782K0.02%+25,94013F-HRTimeline
Ethic Inc.248,660$771K0.01%+38,83413F-HRTimeline
Balyasny Asset Management L.P.in group Balyasny Asset Management246,998$766K<0.01%new13F-HRTimelineGroup
JPMORGAN CHASE & COin group JPMORGAN CHASE & CO238,635$740K<0.01%-184,73213F-HR/ATimelineGroup
NEUBERGER BERMAN GROUP LLCin group NEUBERGER BERMAN GROUP LLC214,077$664K<0.01%+94313F-HRTimelineGroup
AQR CAPITAL MANAGEMENT LLCin group AQR CAPITAL MANAGEMENT LLC200,213$621K<0.01%-7,87213F-HRTimelineGroup
ACADIAN ASSET MANAGEMENT LLCin group ACADIAN ASSET MANAGEMENT LLC185,766$574K<0.01%-681,90113F-HRTimelineGroup
Hennion & Walsh Asset Management, Inc.179,788$557K0.02%-1,21313F-HRTimeline
Hartree Partners, LP179,090$555K0.19%new13F-HRTimeline
BNP PARIBAS FINANCIAL MARKETSin group BNP PARIBAS FINANCIAL MARKETS179,070$555K<0.01%-464,30413F-HRTimelineGroup
Daiwa Securities Group Inc.in group Daiwa Securities Group Inc.149,536$464K<0.01%+76,00013F-HRTimelineGroup
Creative Planningin group Creative Planning148,658$461K<0.01%+78,57913F-HRTimelineGroup
Tidal Investments LLCin group Tidal Investments LLC141,512$439K<0.01%new13F-HRTimelineGroup
CAPITAL GROUP INVESTMENT MANAGEMENT PTE…in group CAPITAL GROUP INVESTMENT MANA…130,150$403K0.07%013F-HRTimelineGroup
MQS Management LLC117,779$365K0.21%new13F-HRTimeline
Provida Pension Fund Administrator111,709$346K0.01%013F-HRTimeline
CITIGROUP INCin group CITIGROUP INC111,254$345K<0.01%-488,31213F-HRTimelineGroup
Centiva Capital, LP111,156$345K0.03%new13F-HRTimeline
Marex Group Ltdin group Marex Group Ltd103,099$320K<0.01%new13F-HRTimelineGroup
Vident Advisory, LLCin group Vident Advisory, LLC103,051$319K<0.01%+35,43513F-HRTimelineGroup
TRUIST FINANCIAL CORPin group TRUIST FINANCIAL CORP102,483$318K<0.01%+10,27913F-HRTimelineGroup
HRT FINANCIAL LP94,268$292K<0.01%+26,43613F-HRTimeline
Integrated Wealth Concepts LLC94,031$292K<0.01%+2,38513F-HRTimeline
RBF Capital, LLC90,000$279K0.01%013F-HRTimeline
Stratos Wealth Partners, LTD.in group Stratos Wealth Partners, LTD.88,200$273K<0.01%013F-HRTimelineGroup
VPR Management LLC86,242$267K0.12%013F-HRTimeline
Mirae Asset Global Investments Co., Ltd.group of 2 filers holding76,943$239K-4,040Timeline
SEI INVESTMENTS COin group SEI INVESTMENTS CO76,663$238K<0.01%-9,26513F-HRTimelineGroup
Crossmark Global Holdings, Inc.74,784$232K<0.01%013F-HRTimeline
Cambridge Investment Research Advisors,…70,968$220K<0.01%-17,97513F-HRTimeline
Caprock Group, LLC68,430$211K0.01%13F-HRTimeline
Sequoia Financial Advisors, LLC64,735$201K<0.01%+4,18913F-HRTimeline
LGT Group Foundationin group LGT Group Foundation58,160$183K<0.01%-66,43013F-HRTimelineGroup
Banco BTG Pactual S.A.55,000$170K0.02%-206,80013F-HRTimeline
BSW Wealth Partners51,269$159K0.02%-21,32213F-HRTimeline
CoreCommodity Management, LLC48,408$150K0.03%+25,76413F-HRTimeline
RHUMBLINE ADVISERS47,569$147K<0.01%+32213F-HRTimeline
QRG CAPITAL MANAGEMENT, INC.47,355$147K<0.01%-82,41013F-HRTimeline
QUADRANT CAPITAL GROUP LLC46,894$145K<0.01%+1,38713F-HRTimeline
Inspire Investing, LLCgroup of 2 filers holding46,651$145K+1,141Timeline
Aigen Investment Management, LP40,670$126K0.02%+15,29313F-HRTimeline
MONEY CONCEPTS CAPITAL CORP38,430$119K0.01%new13F-HRTimeline
Farringdon Capital, Ltd.37,377$116K0.03%new13F-HRTimeline
PNC Financial Services Group, Inc.in group PNC Financial Services Group,…34,502$107K<0.01%+19,43413F-HRTimelineGroup
Fractal Investments LLC33,264$103K0.01%013F-HRTimeline
Pathstone Holdings, LLCin group Pathstone Holdings, LLC32,497$101K<0.01%+1,61613F-HRTimelineGroup
Sowell Financial Services LLC32,377$100K<0.01%013F-HRTimeline
Cerity Partners LLCin group Cerity Partners LLC29,378$91.1K<0.01%+1,45613F-HRTimelineGroup
Mitsubishi UFJ Trust & Banking Corpin group Mitsubishi UFJ Trust & Bankin…28,855$89.5K<0.01%013F-HRTimelineGroup
Corient Private Wealth LPin group Corient Private Wealth LP28,577$88.6K<0.01%+7,21713F-HRTimelineGroup
JOHNSON INVESTMENT COUNSEL INC28,300$87.7K<0.01%013F-HRTimeline
West Family Investments, Inc.28,168$87.3K0.02%013F-HRTimeline
PROFUND ADVISORS LLC25,991$80.6K<0.01%-1,68513F-HRTimeline
WELLS FARGO & COMPANY/MNin group WELLS FARGO & COMPANY/MN25,947$80.4K<0.01%-25,75013F-HRTimelineGroup
DARK FOREST CAPITAL MANAGEMENT LP22,969$71.2K<0.01%new13F-HR/ATimeline
R Squared Ltd22,853$70.8K0.03%-7,88713F-HRTimeline
YOUSIF CAPITAL MANAGEMENT, LLC22,284$69.1K<0.01%013F-HRTimeline
RAYMOND JAMES FINANCIAL INCin group RAYMOND JAMES FINANCIAL INC22,244$69K<0.01%-1,35413F-HRTimelineGroup
PharVision Advisers, LLC22,068$68.4K0.04%new13F-HRTimeline
Ballentine Partners, LLC18,789$58.2K<0.01%+1,07413F-HRTimeline
XPONANCE LLC17,725$54.9K<0.01%+3,23013F-HRTimeline
Sivia Capital Partners, LLC17,418$54K0.02%013F-HRTimeline
Sigma Planning Corp17,252$53.5K<0.01%+9213F-HRTimeline
SIGNATUREFD, LLC16,744$51.9K<0.01%+81113F-HRTimeline
NATIONAL BANK OF CANADA /FI/in group NATIONAL BANK OF CANADA /FI/16,072$49.7K<0.01%-40813F-HRTimelineGroup
BARCLAYS PLCin group BARCLAYS PLC15,935$49.4K<0.01%new13F-HR/ATimelineGroup
Plan A Wealth LLC15,897$49.3K0.03%+4,00713F-HRTimeline
MERCER GLOBAL ADVISORS INC /ADV15,747$48.8K<0.01%-19,81913F-HRTimeline
REGATTA CAPITAL GROUP, LLC15,089$46.8K0.01%new13F-HRTimeline
FRANKLIN RESOURCES INCin group Franklin Resources14,614$45.3K<0.01%-9513F-HRTimelineGroup
KCM INVESTMENT ADVISORS LLC14,576$45.2K<0.01%013F-HRTimeline
Parallel Advisors, LLC13,822$42.8K<0.01%+41213F-HRTimeline
Rehmann Capital Advisory Group13,320$41.3K<0.01%-3,15913F-HRTimeline
O'SHAUGHNESSY ASSET MANAGEMENT, LLC13,253$41.1K<0.01%+17713F-HRTimeline
COLDSTREAM CAPITAL MANAGEMENT INC11,970$37.1K<0.01%new13F-HRTimeline
Zhang Financial LLC11,695$36.3K<0.01%013F-HRTimeline
IEQ CAPITAL, LLC11,492$35.6K<0.01%new13F-HRTimeline
Caitong International Asset Management …11,087$34.4K0.02%new13F-HRTimeline
Private Advisor Group, LLC11,046$34.2K<0.01%+613F-HRTimeline
Aster Capital Management (DIFC) Ltd10,909$33.8K0.02%new13F-HRTimeline
HERITAGE INVESTORS MANAGEMENT CORP10,571$33K<0.01%013F-HRTimeline
MGO ONE SEVEN LLC10,443$32.4K<0.01%-5,02613F-HRTimeline
Wealthstream Advisors, Inc.10,391$32.2K<0.01%new13F-HRTimeline
TWO SIGMA SECURITIES, LLC10,104$31.3K<0.01%-197,00713F-HRTimeline
MML INVESTORS SERVICES, LLC10,029$31.1K<0.01%-12,33613F-HRTimeline
Capstone Financial Advisors, Inc.10,000$31K<0.01%013F-HRTimeline
ROYAL BANK OF CANADAin group ROYAL BANK OF CANADA9,766$31K<0.01%+1,43713F-HRTimelineGroup
EverSource Wealth Advisors, LLCin group EverSource Wealth Advisors, L…9,589$29.7K<0.01%-1,09813F-HRTimelineGroup
US BANCORP \DE\in group US BANCORP \DE\9,401$29.1K<0.01%+1,16113F-HRTimelineGroup
State of Wyoming7,338$22.7K<0.01%new13F-HRTimeline
Blue Trust, Inc.6,596$20.4K<0.01%+4,58213F-HRTimeline
Allworth Financial LP6,003$18.6K<0.01%+4,93013F-HRTimeline
SIMPLEX TRADING, LLC5,260$16K<0.01%-31,21813F-HRTimeline
North Star Investment Management Corp.2,520$7.81K<0.01%013F-HRTimeline
GAMMA Investing LLC2,384$7.39K<0.01%+95013F-HRTimeline
Rockefeller Capital Management L.P.in group Rockefeller Capital Managemen…2,049$6.35K<0.01%new13F-HRTimelineGroup
Tower Research Capital LLC (TRC)in group Tower Research Capital LLC (T…1,566$4.85K<0.01%+28013F-HRTimelineGroup
Federation des caisses Desjardins du Qu…1,512$4.69K<0.01%-1,26013F-HRTimeline
WealthCollab, LLC1,035$3.21K<0.01%013F-HRTimeline
ASSETMARK, INCin group ASSETMARK, INC920$2.85K<0.01%+83413F-HRTimelineGroup
CWM, LLCin group CWM, LLC237$1K<0.01%+10013F-HRTimelineGroup
Bell Investment Advisors, Inc298$924<0.01%013F-HRTimeline
Addison Advisors LLC250$775<0.01%-38013F-HRTimeline
OSAIC HOLDINGS, INC.in group OSAIC HOLDINGS, INC.235$728<0.01%-29,75313F-HRTimelineGroup
JFS WEALTH ADVISORS, LLC194$602<0.01%+8313F-HRTimeline
True Wealth Design, LLC80$248<0.01%+2113F-HRTimeline
PRINCIPAL SECURITIES, INC.in group PRINCIPAL FINANCIAL GROUP INC68$211<0.01%-58313F-HRTimelineGroup
Farther Finance Advisors, LLC36$112<0.01%new13F-HRTimeline
HUNTINGTON NATIONAL BANKin group HUNTINGTON NATIONAL BANK1$3<0.01%013F-HRTimelineGroup
DANSKE BANK A/S1$3<0.01%013F-HR/ATimeline
Creekmur Asset Management LLC0$00%013F-HRTimelineValue filed as zero, left out of ratios. Amount filed as zero, left out of ratios.