Ranked by reported Q2 2026 13F market value
Share of total reported institutional value in STLD held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 12.4M | $2.84B | +0.0% | 8.596% | 0.04% |
| 2 | VANGUARD CAPITAL MANAGEMENT LLC | 8.9M | $2.04B | -0.8% | 6.173% | 0.04% |
| 3 | FMR LLC | 7.7M | $1.77B | +75.0% | 5.354% | 0.08% |
| 4 | STATE STREET CORP | 7.4M | $1.70B | -1.8% | 5.115% | 0.03% |
| 5 | VANGUARD PORTFOLIO MANAGEMENT LLC | 6.8M | $1.55B | -0.8% | 4.684% | 0.07% |
| 6 | GEODE CAPITAL MANAGEMENT, LLC | 3.8M | $863.6M | -1.5% | 2.620% | 0.05% |
| 7 | Capital Research Global Investors | 3.6M | $835.2M | +0.3% | 2.524% | 0.12% |
| 8 | MORGAN STANLEY | 3.3M | $767.7M | +6.2% | 2.320% | 0.04% |
| 9 | NORGES BANK | 2.5M | $568.2M | — | 1.717% | 0.06% |
| 10 | Life Cycle Investment Partners Ltd | 2.3M | $527.5M | -14.7% | 1.594% | 2.46% |
| 11 | NORDEA INVESTMENT MANAGEMENT AB | 2.2M | $519.6M | +1.5% | 1.560% | 0.42% |
| 12 | DIMENSIONAL FUND ADVISORS LP | 2.0M | $448.5M | -0.5% | 1.355% | 0.08% |
| 13 | Boston Partners | 1.8M | $423.6M | +4.5% | 1.279% | 0.38% |
| 14 | Invesco Ltd. | 1.8M | $422.9M | -9.5% | 1.278% | 0.03% |
| 15 | JPMORGAN CHASE & CO | 1.7M | $399.9M | -2.8% | 1.184% | 0.02% |
| 16 | Holocene Advisors, LP | 1.6M | $378.3M | -28.0% | 1.143% | 0.85% |
| 17 | GOLDMAN SACHS GROUP INC | 1.6M | $359.2M | +8.1% | 1.085% | 0.03% |
| 18 | NORTHERN TRUST CORP | 1.5M | $339.6M | -8.7% | 1.026% | 0.04% |
| 19 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 1.5M | $333.2M | -1.8% | 1.007% | 0.04% |
| 20 | VICTORY CAPITAL MANAGEMENT INC | 1.3M | $309.0M | -30.8% | 0.934% | 0.17% |
| 21 | MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 1.2M | $270.8M | +8.3% | 0.818% | 0.32% |
| 22 | Nuveen, LLC | 1.2M | $269.2M | +24.6% | 0.814% | 0.06% |
| 23 | BANK OF AMERICA CORP /DE/ | 1.2M | $264.2M | -14.1% | 0.798% | 0.02% |
| 24 | ROYAL LONDON ASSET MANAGEMENT LTD | 1.1M | $248.5M | -1.5% | 0.751% | 0.46% |
| 25 | Robeco Institutional Asset Management B.V. | 1.1M | $248.0M | -9.7% | 0.749% | 0.30% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in STLD — a direct measure of their conviction.
Filings activity in STLD during Q2 2026, grouped by how each filer changed its position.
Institutions that opened a new STLD position in Q2 2026
Institutions that fully closed their STLD position in Q2 2026
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q2 2026 | 1,027 | +9.7% | 83.83% | +1.00 pp | $26.27B | +30% |
| Q1 2026 | 936 | +3.3% | 82.83% | 0.83 pp | $20.18B | +5.6% |
| Q4 2025 | 906 | +15% | 83.66% | +7.32 pp | $19.11B | +32% |
| Q3 2025 | 789 | 1.1% | 76.34% | 3.59 pp | $14.52B | +7.1% |
| Q2 2025 | 798 | +2.2% | 79.93% | 0.09 pp | $13.55B | 0.5% |
| Q1 2025 | 781 | +2.2% | 80.02% | 1.71 pp | $13.63B | +6.3% |
| Q4 2024 | 764 | +0.7% | 81.73% | +1.14 pp | $12.82B | 7.7% |
| Q3 2024 | 759 | — | 80.59% | — | $13.89B | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying STLD stock.
Based on Q2 2026 13F filings, institutional ownership of Steel Dynamics, Inc. stands at 83.8%, held across 1,027 reporting institutions.
BlackRock, Inc. is the largest reported institutional holder of STLD, with approximately 12,396,499 shares worth $2.84B as of Q2 2026.
No marquee "smart money" managers (Berkshire, Burry, ARK, Tiger Global, Pershing Square, Baupost, etc.) currently appear among the top 25 institutional holders of STLD.
Our composite Smart Money Score for STLD is 57 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
142 institutions opened new positions in STLD during Q2 2026, while 64 fully exited. 743 added to existing positions and 112 trimmed.
STLD institutional ownership rose by 1.00 percentage points quarter-over-quarter, with a net change of +91 holders.
The top 10 institutions account for 51.3% of all reported 13F value in STLD, and the top 25 account for 71.2%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
Steel Dynamics, Inc. (STLD) Institutional Ownership