Ranked by reported Q1 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 | $2.23B | +1.9% | 8.555% | 0.04% |
| 2 | VANGUARD CAPITAL MANAGEMENT LLC | 9.0M | $1.62B | — | 6.196% | 0.04% |
| 3 | STATE STREET CORP | 7.5M | $1.36B | +3.6% | 5.186% | 0.05% |
| 4 | VANGUARD PORTFOLIO MANAGEMENT LLC | 6.8M | $1.23B | — | 4.700% | 0.06% |
| 5 | FMR LLC | 4.4M | $794.1M | +44.5% | 3.045% | 0.04% |
| 6 | GEODE CAPITAL MANAGEMENT, LLC | 3.8M | $687.8M | +4.4% | 2.647% | 0.04% |
| 7 | Capital Research Global Investors | 3.6M | $653.6M | +0.2% | 2.506% | 0.10% |
| 8 | MORGAN STANLEY | 3.1M | $566.8M | -3.7% | 2.174% | 0.03% |
| 9 | Life Cycle Investment Partners Ltd | 2.7M | $485.3M | -22.1% | 1.861% | 3.09% |
| 10 | Holocene Advisors, LP | 2.3M | $412.0M | -10.5% | 1.580% | 0.99% |
| 11 | NORDEA INVESTMENT MANAGEMENT AB | 2.2M | $386.4M | +3.5% | 1.530% | 0.36% |
| 12 | Invesco Ltd. | 2.0M | $366.4M | +3.6% | 1.405% | 0.06% |
| 13 | DIMENSIONAL FUND ADVISORS LP | 2.0M | $353.6M | -9.0% | 1.356% | 0.07% |
| 14 | VICTORY CAPITAL MANAGEMENT INC | 1.9M | $350.4M | -8.7% | 1.344% | 0.22% |
| 15 | Boston Partners | 1.8M | $317.7M | -1.6% | 1.218% | 0.33% |
| 16 | NORTHERN TRUST CORP | 1.6M | $291.7M | -0.0% | 1.118% | 0.04% |
| 17 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 1.5M | $266.2M | +2.4% | 1.021% | 0.04% |
| 18 | GOLDMAN SACHS GROUP INC | 1.4M | $260.7M | +14.9% | 1.000% | 0.03% |
| 19 | BANK OF AMERICA CORP /DE/ | 1.3M | $241.2M | +19.1% | 0.925% | 0.02% |
| 20 | UBS ASSET MANAGEMENT AMERICAS INC | 1.2M | $219.6M | -20.6% | 0.842% | 0.05% |
| 21 | Robeco Institutional Asset Management B.V. | 1.2M | $215.5M | -40.4% | 0.826% | 0.31% |
| 22 | ROYAL LONDON ASSET MANAGEMENT LTD | 1.1M | $197.9M | -28.0% | 0.759% | 0.41% |
| 23 | MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 1.1M | $196.1M | +3.4% | 0.752% | 0.27% |
| 24 | HSBC HOLDINGS PLC | 1.1M | $190.2M | — | 0.731% | 0.10% |
| 25 | FIL Ltd | 1.0M | $189.0M | -15.1% | 0.725% | 0.15% |
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 Q1 2026, grouped by how each filer changed its position.
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 |
|---|---|---|---|---|---|---|
| Q1 2026 | 918 | +2.2% | 48.23% | +1.89 pp | $19.76B | +4.1% |
| Q4 2025 | 898 | +15% | 46.34% | +11.22 pp | $18.98B | +32% |
| Q3 2025 | 780 | 2.3% | 35.12% | +2.04 pp | $14.39B | +6.2% |
| Q2 2025 | 798 | +2.2% | 33.08% | 0.18 pp | $13.55B | 0.5% |
| Q1 2025 | 781 | +2.2% | 33.26% | +1.97 pp | $13.63B | +6.3% |
| Q4 2024 | 764 | +0.7% | 31.29% | 2.61 pp | $12.82B | 7.7% |
| Q3 2024 | 759 | +0.5% | 33.90% | 3.53 pp | $13.89B | 9.4% |
| Q2 2024 | 755 | — | 37.43% | — | $15.33B | — |
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 Q1 2026 13F filings, institutional ownership of Steel Dynamics, Inc. stands at 48.2%, held across 918 reporting institutions.
BlackRock, Inc. is the largest reported institutional holder of STLD, with approximately 12,394,980 shares worth $2.23B as of Q1 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 48 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
135 institutions opened new positions in STLD during Q1 2026, while 115 fully exited. 593 added to existing positions and 185 trimmed.
STLD institutional ownership rose by 1.89 percentage points quarter-over-quarter, with a net change of +20 holders.
The top 10 institutions account for 50.8% 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