GGB · Gerdau S.A.

$4.46 +0.10 (+2.29%) At close · Aug 26

Market Cap

$8.55B

1.96B

Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.

Quarter:

Holders: 215

Total Value: $1,464,341,219

Total Shares: 362,460,732

Institutional Ownership Trend

26 quarters

Superinvestors Holding GGB

All superinvestors →

Ray Dalio $1,097,587

Holder Concentration

Across 215 13F filers · Δ vs Mar 31, 2026

Top Holder

13.4%

+4.4 pts

Top 5

38.2%

+1.3 pts

Top 10

59.1%

+2.5 pts

HHI

482

Broadly held+52

Quarterly Activity

vs Mar 31, 2026

New

Increased

Decreased

Sold Out

Unchanged

Holder count: +20

Institutional value: +32.3%

Shares held: +18.3%

Top Buyers

vs Mar 31, 2026

Institution	Added	Now Holds
Large ACADIAN ASSET MANAGEMENT LLC	+35,631,834	48,672,737
Mega UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC	+23,936,662	25,745,217
Mega FMR LLC	+10,381,651	10,392,607
Large SEI INVESTMENTS CO	+8,139,847	9,218,764
Mega BlackRock, Inc.	+7,372,520	18,225,403

Top Sellers

vs Mar 31, 2026

Institution	Sold	Now Holds
Mega BANK OF AMERICA CORP /DE/	−13,038,732	183,891
Mega TWO SIGMA INVESTMENTS, LP	−10,456,483	15,383,237
Mega JANE STREET GROUP, LLC	−7,935,027	35,929
Mega GOLDMAN SACHS GROUP INC	−6,656,589	4,337,530
Mid DONALD SMITH & CO., INC.	−6,649,773	17,490,810

Top New Positions

vs Mar 31, 2026

Institution	Acquired	Value (USD)
Large Assenagon Asset Management S.A.	4,032,490	$16,291,259
Small DYNAMO INTERNACIONAL GESTAO DE RECURSOS LTDA.	2,109,474	$8,522,274
Mid BW Gestao de Investimentos Ltda.	1,830,489	$7,395,175
Mega ARROWSTREET CAPITAL, LIMITED PARTNERSHIP	1,494,272	$6,036,858
Large Employees Retirement System of Texas	623,722	$2,519,836

Top Sold-Out Positions

vs Mar 31, 2026

Institution	Previously Held	Last Value (USD)
Small SPX Gestao de Recursos Ltda	4,254,223	$15,357,745
Mega DEUTSCHE BANK AG\	699,285	$2,524,418
Mid Jump Financial, LLC	567,779	$2,049,681
Large CI INVESTMENTS INC.	341,274	$1,231,999
Small Hartree Partners, LP	210,000	$758,100

Filter: New 47 Increased 75 Reduced 52 Sold out 27 Unchanged 41

Showing 100 of 218

All Common Calls Puts

Compact Export CSV

Holder

Value (USD)

% of 13F

ACADIAN ASSET MANAGEMENT LLC

$196,637,857

13.43%

48,672,737

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Acadian Inc	48,672,737	$196,637,857	100.0%	Defined

Capital World Investors

$108,685,990

7.42%

26,902,473

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
CAPITAL GROUP COMPANIES INC joint	26,902,473	$108,685,990	100.0%	Defined

UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

$104,010,673

7.10%

25,745,217

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
UBS Group AG	16,190,835	$65,410,973	62.9%	Defined
UBS Asset Management Switzerland AG	3,595,101	$14,524,207	14.0%	Defined
UBS Asset Management (UK) Ltd.	212,848	$859,905	0.8%	Defined
Held directly	5,746,433	$23,215,588	22.3%	Sole

CONTRARIAN CAPITAL MANAGEMENT, L.L.C.

$77,039,212

5.26%

19,069,112

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Contrarian Emerging Markets, L.P.	19,069,112	$77,039,212	100.0%	Defined

BlackRock, Inc.

$73,630,623

5.03%

18,225,403

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BLACKROCK FINANCIAL MANAGEMENT INC/DE	1,347,996	$5,445,903	7.4%	Sole
BlackRock Investment Management (Australia) Ltd	35,118	$141,876	0.2%	Sole
BLACKROCK (SINGAPORE) LTD.	174,455	$704,798	1.0%	Sole
BlackRock Investment Management, LLC	418,278	$1,689,843	2.3%	Sole
BLACKROCK ADVISORS LLC	18,320	$74,012	0.1%	Sole
BlackRock Fund Advisors	7,823,546	$31,607,125	42.9%	Sole
BlackRock Institutional Trust Company, N.A.	4,774,741	$19,289,953	26.2%	Sole
BlackRock Investment Management (UK) Ltd.	604,105	$2,440,584	3.3%	Sole
BlackRock (Netherlands) B.V.	448,881	$1,813,479	2.5%	Sole
BlackRock Asset Management Ireland Ltd	767,252	$3,099,698	4.2%	Sole
BlackRock Advisors (UK) Ltd	31,985	$129,219	0.2%	Sole
Aperio Group, LLC	1,780,726	$7,194,133	9.8%	Sole

DONALD SMITH & CO., INC.

$70,662,872

4.83%

17,490,810

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Manager 2	17,490,810	$70,662,872	100.0%	Defined

Aquamarine Financial (Cayman) Ltd

$67,573,730

4.61%

16,726,171

TWO SIGMA INVESTMENTS, LP

$62,148,277

4.24%

15,383,237

MACKENZIE FINANCIAL CORP

$59,138,816

4.04%

14,638,321

DIMENSIONAL FUND ADVISORS LP

$46,031,774

3.14%

11,394,004

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Dimensional Fund Advisors Ltd.	404,313	$1,633,424	3.5%	Defined
DFA Australia Ltd.	168,381	$680,259	1.5%	Defined
Dimensional Ireland Ltd	1,100,947	$4,447,825	9.7%	Defined
Held directly	9,720,363	$39,270,266	85.3%	Sole

FMR LLC

$41,986,131

2.87%

10,392,607

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Fidelity Management & Research Co LLC	3,532,233	$14,270,221	34.0%	Defined
STRATEGIC ADVISERS LLC	360	$1,454	0.0%	Defined
Fidelity Institutional Asset Management Trust Co	1,644,457	$6,643,606	15.8%	Defined
FIAM LLC	5,215,557	$21,070,850	50.2%	Defined

SEI INVESTMENTS CO

$37,243,805

2.54%

9,218,764

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
SEI INVESTMENTS MANAGEMENT CORP	197	$795	0.0%	Sole
SEI TRUST CO	9,218,567	$37,243,010	100.0%	Sole

Itau Unibanco Holding S.A.

$34,386,561

2.35%

8,511,525

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Itau USA Asset Management Inc.	8,511,525	$34,386,561	100.0%	Defined

AMERICAN CENTURY COMPANIES INC

$29,244,242

2.00%

7,238,674

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
AMERICAN CENTURY INVESTMENT MANAGEMENT INC	7,238,674	$29,244,242	100.0%	Defined

CAUSEWAY CAPITAL MANAGEMENT LLC

$29,207,333

1.99%

7,229,538

Engineers Gate Manager LP

$28,321,511

1.93%

7,010,275

RENAISSANCE TECHNOLOGIES LLC

$27,884,580

1.90%

6,902,124

MILLENNIUM MANAGEMENT LLC

$27,544,194

1.88%

6,817,870

MASSACHUSETTS FINANCIAL SERVICES CO /MA/

$21,628,618

1.48%

5,353,619

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
MFS Institutional Advisors, Inc.	27,238	$110,041	0.5%	Defined
MFS Heritage Trust CO	24,699	$99,783	0.5%	Defined
MFS INVESTMENT MANAGEMENT CANADA LTD	35,597	$143,811	0.7%	Defined
Held directly	5,266,085	$21,274,983	98.4%	Sole

Russell Investments Group, Ltd.

$21,143,913

1.44%

5,233,642

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Russell Investments Limited joint	5,233,642	$21,143,913	100.0%	Other

GOLDMAN SACHS GROUP INC

$17,523,620

1.20%

4,337,530

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
GOLDMAN SACHS & CO. LLC	3,999,983	$16,159,931	92.2%	Defined
GOLDMAN SACHS ASSET MANAGEMENT, L.P.	324,680	$1,311,707	7.5%	Defined
GOLDMAN SACHS INTERNATIONAL	12,867	$51,982	0.3%	Defined

Assenagon Asset Management S.A.

$16,291,259

1.11%

4,032,490

MORGAN STANLEY

$15,181,872

1.04%

3,757,890

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
MORGAN STANLEY & CO. LLC	156,652	$632,874	4.2%	Defined
MORGAN STANLEY CAPITAL SERVICES, LLC	2,239,470	$9,047,458	59.6%	Defined
MORGAN STANLEY SMITH BARNEY LLC	22,642	$91,473	0.6%	Defined
MORGAN STANLEY LATAM LLC	399,637	$1,614,533	10.6%	Defined
PARAMETRIC PORTFOLIO ASSOCIATES LLC	939,489	$3,795,534	25.0%	Defined

STATE STREET CORP

$14,735,928

1.01%

3,647,507

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
STATE STREET GLOBAL ADVISORS (JAPAN) CO., LTD. joint	3,647,507	$14,735,928	100.0%	Defined

D. E. Shaw & Co., Inc.

$13,363,273

0.91%

3,307,741

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
D. E. SHAW & CO, L.P.	3,307,741	$13,363,273	100.0%	Defined

CITIGROUP INC

$11,680,487

0.80%

2,891,210

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Citigroup Financial Products Inc. joint	2,891,210	$11,680,487	100.0%	Defined

FIL Ltd

$11,104,731

0.76%

2,748,696

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
FIL Investments International	2,748,696	$11,104,731	100.0%	Defined

BNP PARIBAS ASSET MANAGEMENT Holding S.A.

$10,524,002

0.72%

2,604,951

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BNP PARIBAS ASSET MANAGEMENT Europe	2,604,951	$10,524,002	100.0%	Defined

NEW YORK STATE COMMON RETIREMENT FUND

$9,163,564

0.63%

2,268,209

DYNAMO INTERNACIONAL GESTAO DE RECURSOS LTDA.

$8,522,274

0.58%

2,109,474

BW Gestao de Investimentos Ltda.

$7,395,175

0.51%

1,830,489

Man Group plc

$7,305,087

0.50%

1,808,190

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Numeric Investors LLC	1,808,190	$7,305,087	100.0%	Defined

SCHRODER INVESTMENT MANAGEMENT GROUP

$6,981,397

0.48%

1,728,069

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Schroder Investment Management Limited	1,085,670	$4,386,106	62.8%	Sole
Schroder Investment Management North America Limited	642,399	$2,595,291	37.2%	Sole

VANGUARD CAPITAL MANAGEMENT LLC

$6,453,952

0.44%

1,597,513

MARSHALL WACE, LLP

$6,382,153

0.44%

1,579,741

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Marshall Wace North America L.P. joint	1,579,741	$6,382,153	100.0%	Other

Connor, Clark & Lunn Investment Management Ltd.

$6,263,352

0.43%

1,550,335

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Manager 1	1,546,324	$6,247,148	99.7%	Sole
Held directly	4,011	$16,204	0.3%	Sole

Amundi

$6,087,261

0.42%

1,506,748

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Amundi Asset Management joint	1,506,748	$6,087,261	100.0%	Defined

ARROWSTREET CAPITAL, LIMITED PARTNERSHIP

$6,036,858

0.41%

1,494,272

Kapitalo Investimentos Ltda

$5,656,068

0.39%

1,400,017

Grantham, Mayo, Van Otterloo & Co. LLC

$5,571,220

0.38%

1,379,015

Qube Research & Technologies Ltd

$5,269,921

0.36%

1,304,436

UBS Group AG

$4,512,270

0.31%

1,116,899

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
UBS Financial Services Inc	113,970	$460,438	10.2%	Defined
UBS AG	895,805	$3,619,052	80.2%	Defined
UBS Switzerland AG	107,124	$432,780	9.6%	Defined

CAPITAL INTERNATIONAL SARL

$4,196,339

0.29%

1,038,698

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
CAPITAL GROUP COMPANIES INC joint	1,038,698	$4,196,339	100.0%	Defined

NORTHERN TRUST CORP

$4,022,481

0.27%

995,664

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
NORTHERN TRUST CO joint	995,664	$4,022,481	100.0%	Defined

HSBC HOLDINGS PLC

$3,930,329

0.27%

972,854

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
HSBC Global Asset Management (UK) Ltd	910,416	$3,678,080	93.6%	Defined
HSBC BANK PLC	62,438	$252,249	6.4%	Defined

Point72 Asset Management, L.P.

$3,626,243

0.25%

897,585

BNP PARIBAS ARBITRAGE, SA

$3,462,142

0.24%

856,966

JPMORGAN CHASE & CO

$3,354,669

0.23%

830,364

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
J.P. Morgan Trust Co of Delaware	181	$731	0.0%	Other
JPMorgan Chase Bank, N.A.	16,652	$67,274	2.0%	Defined
J.P. Morgan Investment Management Inc.	1,460	$5,898	0.2%	Defined
J.P. Morgan Securities LLC	701,021	$2,832,124	84.4%	Defined
JPMorgan Asset Management (UK) Ltd	111,050	$448,642	13.4%	Defined

Creative Planning

$3,270,565

0.22%

809,546

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
CREATIVE PLANNING TRUST Co LLC	3,401	$13,740	0.4%	Defined
Held directly	806,145	$3,256,825	99.6%	Sole

Banque Cantonale Vaudoise

$3,232,000

0.22%

800,000

VAN ECK ASSOCIATES CORP

$3,231,995

0.22%

799,999

BTG Pactual Asset Management US LLC

$3,174,179

0.22%

785,688

AQR CAPITAL MANAGEMENT LLC

$3,062,627

0.21%

758,076

Legal & General Group Plc

$2,888,705

0.20%

715,026

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Legal & General Investment Management Ltd	715,026	$2,888,705	100.0%	Defined

Employees Retirement System of Texas

$2,519,836

0.17%

623,722

NOMURA ASSET MANAGEMENT INTERNATIONAL INC.

$2,292,950

0.16%

567,562

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
NOMURA HOLDINGS INC joint	567,562	$2,292,950	100.0%	Defined

Navi International - Administradora e Gestora de Recursos Financeiros Ltda.

$2,222,000

0.15%

550,000

CITADEL ADVISORS LLC

$2,180,080

0.15%

539,624

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Citadel Securities GP LLC	207,766	$839,374	38.5%	Defined
Held directly	331,858	$1,340,706	61.5%	Defined

CAPITAL INTERNATIONAL LTD /CA/

$2,132,849

0.15%

527,933

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
CAPITAL GROUP COMPANIES INC joint	527,933	$2,132,849	100.0%	Defined

B. Metzler seel. Sohn & Co. AG

$2,109,425

0.14%

522,135

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Metzler Asset Management GmbH	522,135	$2,109,425	100.0%	Defined

GSA CAPITAL PARTNERS LLP

$2,059,947

0.14%

509,888

PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO

$2,013,140

0.14%

498,302

HRT FINANCIAL LP

$1,876,729

0.13%

464,537

GUGGENHEIM CAPITAL LLC

$1,848,291

0.13%

457,498

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
GUGGENHEIM FUNDS DISTRIBUTORS, LLC	457,498	$1,848,291	100.0%	Defined

NEUBERGER BERMAN GROUP LLC

$1,598,603

0.11%

395,694

Invesco Ltd.

$1,497,190

0.10%

370,592

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Invesco Advisers, Inc. joint	3,694	$14,923	1.0%	Defined
Invesco Investment Advisers LLC	235,127	$949,913	63.4%	Defined
Invesco Capital Management LLC	131,771	$532,354	35.6%	Defined

VANGUARD FIDUCIARY TRUST CO

$1,478,458

0.10%

365,955

Schonfeld Strategic Advisors LLC

$1,305,530

0.09%

323,151

Diversified Trust Co

$1,168,897

0.08%

289,331

COMMONWEALTH EQUITY SERVICES, LLC

$1,113,153

0.08%

275,533

Integrated Wealth Concepts LLC

$1,099,183

0.08%

272,075

Bridgewater Associates, LP

$1,097,587

0.07%

271,680

Quantbot Technologies LP

$1,043,891

0.07%

258,389

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Manager 1	258,389	$1,043,891	100.0%	Sole

Fisher Asset Management, LLC

$1,027,747

0.07%

254,393

SUSQUEHANNA INTERNATIONAL GROUP, LLP

$936,068

0.06%

231,700

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
SUSQUEHANNA SECURITIES, LLC	231,700	$936,068	100.0%	Other

Capital International, Inc./CA/

$850,973

0.06%

210,637

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
CAPITAL GROUP COMPANIES INC joint	210,637	$850,973	100.0%	Defined

Robeco Institutional Asset Management B.V.

$828,777

0.06%

205,143

BANK OF AMERICA CORP /DE/

$742,919

0.05%

183,891

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BANK OF AMERICA NA	143,755	$580,770	78.2%	Defined
MERRILL LYNCH, PIERCE, FENNER & SMITH INC.	28,032	$113,249	15.2%	Defined
BOFA SECURITIES, INC.	12,104	$48,900	6.6%	Defined

STRS OHIO

$732,815

0.05%

181,390

Tidal Investments LLC

$714,627

0.05%

176,888

Squarepoint Ops LLC

$636,295

0.04%

157,499

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Squarepoint Capital LLP	157,499	$636,295	100.0%	Defined

Vident Advisory, LLC

$635,823

0.04%

157,382

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Blue Trust, Inc.	157,382	$635,823	100.0%	Defined

Optiver Holding B.V.

$630,122

0.04%

155,971

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Optiver VOF	155,971	$630,122	100.0%	Defined

Nykredit A/S

$609,571

0.04%

150,884

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Nykredit Bank A/S joint	150,884	$609,571	100.0%	Defined

Daiwa Securities Group Inc.

$608,165

0.04%

150,536

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Daiwa Asset Management Co. Ltd	150,536	$608,165	100.0%	Sole

HIMENSION CAPITAL (SINGAPORE) PTE. LTD.

$519,491

0.04%

128,587

LARCH CAPITAL PARTNERS LLC

$505,549

0.03%

125,136

Centiva Capital, LP

$503,056

0.03%

124,519

CAPITAL GROUP INVESTMENT MANAGEMENT PTE. LTD.

$474,017

0.03%

117,331

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
CAPITAL GROUP COMPANIES INC joint	117,331	$474,017	100.0%	Defined

Ethic Inc.

$471,043

0.03%

116,595

Aquatic Capital Management LLC

$421,662

0.03%

104,372

TRUIST FINANCIAL CORP

$419,949

0.03%

103,948

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Truist Advisory Services, Inc.	103,948	$419,949	100.0%	Defined

State of Wyoming

$374,798

0.03%

92,772

Mitsubishi UFJ Trust & Banking Corp

$363,563

0.02%

89,991

Stratos Wealth Partners, LTD.

$356,328

0.02%

88,200

VPR Management LLC

$348,417

0.02%

86,242

Sequoia Financial Advisors, LLC

$334,794

0.02%

82,870

CenterBook Partners LP

$312,986

0.02%

77,472

US BANCORP \DE\

$294,999

0.02%

73,020

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
US BANK NATIONAL ASSOCIATION	72,933	$294,648	99.9%	Defined
U.S. BANCORP ADVISORS, LLC	87	$351	0.1%	Defined

SG Americas Securities, LLC

$293,473

0.02%

72,642

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Caisse Federale de Credit Mutuel joint	60,000	$242,400	100.0%	Defined

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
LGT Bank Ltd.	58,160	$234,966	100.0%	Defined

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Citadel Securities GP LLC	50,300	$203,212	100.0%	Defined

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
ADVISOR PARTNERS II, LLC	42,627	$172,213	97.6%	Defined
Held directly	1,069	$4,318	2.4%	Sole

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Nuveen Asset Management, LLC joint	43,172	$174,414	100.0%	Defined

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Inspire Investing, LLC	38,291	$154,695	100.0%	Defined

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Aperio Group, LLC	26,096	$105,427	82.8%	Other
BANK OF AMERICA CORP /DE/	5,408	$21,848	17.2%	Other

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
PNC Bank, National Association	26,571	$107,345	100.0%	Other

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
WELLS FARGO ADVISORS FINANCIAL NETWORK, LLC	12,094	$48,859	48.4%	Defined
WELLS FARGO CLEARING SERVICES, LLC	12,878	$52,027	51.6%	Defined

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
United Capital Financial Partners, LLC	24,902	$100,604	100.0%	Defined

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
RAYMOND JAMES & ASSOCIATES	22,244	$89,865	95.9%	Defined
Raymond James Financial Services Advisors, Inc.	957	$3,866	4.1%	Defined

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Jane Street Capital, LLC	19,500	$78,780	100.0%	Defined

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Citadel Securities GP LLC	18,700	$75,548	100.0%	Defined

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Jane Street Capital, LLC	16,429	$66,373	100.0%	Defined

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
National Bank Financial Inc.	16,289	$65,807	100.0%	Defined

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Stirlingshire Investments, Inc.	15,827	$63,941	100.0%	Other

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
UNION ASSET MANAGEMENT HOLDING AG joint	15,400	$62,216	100.0%	Defined

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Allspring Funds Management, LLC reporting on behalf of Morgan Stanley Smith Barney, LLC	14,914	$60,252	100.0%	Defined

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Bank J. Safra Sarasin LTD	14,285	$57,711	100.0%	Defined

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
FIDUCIARY TRUST INTERNATIONAL LLC	13,070	$52,802	100.0%	Defined

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
QRG CAPITAL MANAGEMENT, INC.	12,749	$51,505	100.0%	Other

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Tower Research Capital Investments LLC	154	$622	1.4%	Other
Latour Trading LLC (Latour)	11,149	$45,041	98.6%	Defined

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Global X Management CO LLC joint	10,638	$42,977	100.0%	Defined

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Frec Advisers LLC	10,294	$41,587	100.0%	Defined

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BARCLAYS BANK PLC	7,608	$30,736	100.0%	Defined

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Rockefeller Trust Co (Delaware)	5,131	$20,729	76.2%	Defined
ROCKEFELLER FINANCIAL LLC	1,600	$6,464	23.8%	Defined

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
RBC Trust Co (Delaware) Ltd	6,599	$26,659	100.0%	Defined

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
TORONTO DOMINION BANK	3,135	$12,665	100.0%	Defined

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Intesa Sanpaolo S.p.A.	2,893	$11,687	100.0%	Other

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BESSEMER TRUST Co NATIONAL ASSOCIATION	2,455	$9,918	100.0%	Defined

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Edward D. Jones & Co., L.P.	1,721	$6,952	100.0%	Sole

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Manager 1	1,035	$4,181	100.0%	Defined

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Desjardins Securities inc.	756	$3,054	100.0%	Defined

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
ANCORA PRIVATE WEALTH ADVISORS, LLC	346	$1,397	100.0%	Sole

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
SPX Capital Management LLC	4,254,223	$15,357,745	100.0%	Defined

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
DWS Investments UK Ltd	699,285	$2,524,418	100.0%	Defined

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Jump Trading Holdings, LLC joint	2,204	$7,956	0.4%	Defined
Leap GP LLC joint	565,575	$2,041,725	99.6%	Defined

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
XTX EXECUTION SERVICES LLC joint	74,163	$267,728	100.0%	Defined

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Mellon Investments Corporation	10,198	$36,814	80.9%	Defined
BNY Mellon, NA joint	2,409	$8,696	19.1%	Defined
Held directly	1	$3	0.0%	Defined

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
HANTZ FINANCIAL SERVICES, INC. joint	11,170	$40,323	100.0%	Defined

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Jefferies Financial Services, Inc.	10,091	$36,428	100.0%	Defined

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
OSAIC WEALTH, INC.	300	$1,083	100.0%	Defined

Key facts CIK 1073404 CUSIP 373737105 13F (30d) 192 filings 190 filers Visit website