Gerdau S.A. - Depositary Receipt (Common Stock)
US ˙ NYSE ˙ US3737371050

SecurityGGB / Gerdau S.A. - Depositary Receipt (Common Stock)
InstitutionSignaturefd, Llc
Latest Disclosed Ownership16,220 shares
Latest Disclosed Value $ 58,554
Signaturefd, Llc reports 2.88% decrease in ownership of GGB / Gerdau S.A. - Depositary Receipt (Common Stock)

On April 7, 2026 - Signaturefd, Llc filed a 13F-HR form disclosing ownership of 16,220 shares of Gerdau S.A. - Depositary Receipt (Common Stock) (US:GGB) valued at $58,554 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 20, 2026 disclosing 16,701 shares of Gerdau S.A. - Depositary Receipt (Common Stock). This represents a change in shares of -2.88% during the quarter. The current value of the position is $74,450 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-04-07 2026-03-31 13F GERDAU SPON ADR REP PFD 373737105 16,220 -481 -2.88 59 -4.92 0.0009
2026-01-20 2025-12-31 13F GERDAU SPON ADR REP PFD 373737105 16,701 -43 -0.26 62 19.61 0.0009
2025-10-21 2025-09-30 13F GERDAU SPON ADR REP PFD 373737105 16,744 811 5.09 52 10.87 0.0008
2025-07-16 2025-06-30 13F GERDAU SPON ADR REP PFD 373737105 15,933 3,988 33.39 47 39.39 0.0008
2025-05-02 2025-03-31 13F GERDAU SPON ADR REP PFD 373737105 11,945 -1,492 -11.10 34 -13.16 0.0006
2025-02-10 2024-12-31 13F GERDAU SPON ADR REP PFD 373737105 13,437 -3,234 -19.40 39 -34.48 0.0007
2024-10-21 2024-09-30 13F GERDAU SPON ADR REP PFD 373737105 16,671 -2,108 -11.23 58 -4.92 0.0011
2024-07-29 2024-06-30 13F GERDAU SPON ADR REP PFD 373737105 18,779 2,787 17.43 62 -12.86 0.0013
2024-05-03 2024-03-31 13F GERDAU SPON ADR REP PFD 373737105 15,992 1,767 12.42 71 2.94 0.0015
2024-02-01 2023-12-31 13F GERDAU SPON ADR REP PFD 373737105 14,225 -4,061 -22.21 69 -21.84 0.0016
2023-11-03 2023-09-30 13F GERDAU SPON ADR REP PFD 373737105 18,286 0 0.00 87 -8.42 0.0023
2023-08-01 2023-06-30 13F GERDAU SPON ADR REP PFD 373737105 18,286 -211 -1.14 95 4.40 0.0024
2023-04-28 2023-03-31 13F GERDAU SPON ADR REP PFD 373737105 18,497 893 5.07 91 -6.19 0.0025
2023-01-30 2022-12-31 13F GERDAU SPON ADR REP PFD 373737105 17,604 -1,048 -5.62 98 15.48 0.0029
2022-11-08 2022-09-30 13F GERDAU SPON ADR REP PFD 373737105 18,652 -371 -1.95 84 2.44 0.0029
2022-08-10 2022-06-30 13F GERDAU SPON ADR REP PFD 373737105 19,023 6,094 47.13 82 -1.20 0.0028
2022-05-02 2022-03-31 13F GERDAU SPON ADR REP PFD 373737105 12,929 -121 -0.93 83 29.69 0.0025
2022-01-25 2021-12-31 13F GERDAU SPON ADR REP PFD 373737105 13,050 4,259 48.45 64 48.84 0.0020
2021-10-28 2021-09-30 13F GERDAU SPON ADR REP PFD 373737105 8,791 -80 -0.90 43 -17.31 0.0015
2021-07-26 2021-06-30 13F GERDAU SPON ADR REP PFD 373737105 8,871 572 6.89 52 18.18 0.0021
2021-04-30 2021-03-31 13F GERDAU SPON ADR REP PFD 373737105 8,299 306 3.83 44 18.92 0.0019
2021-02-11 2020-12-31 13F GERDAU SPON ADR REP PFD 373737105 7,993 1,526 23.60 37 54.17 0.0017
2020-11-03 2020-09-30 13F GERDAU SPON ADR REP PFD 373737105 6,467 550 9.30 24 33.33 0.0013
2020-07-30 2020-06-30 13F GERDAU SPON ADR REP PFD 373737105 5,917 -7,752 -56.71 18 -30.77 0.0011
2020-04-23 2020-03-31 13F GERDAU SPON ADR REP PFD 373737105 13,669 2,288 20.10 26 -53.57 0.0022
2020-02-05 2019-12-31 13F GERDAU S A SPON ADR REP PFD 373737105 11,381 3,837 50.86 56 133.33 0.0041
2019-10-16 2019-09-30 13F GERDAU S A SPON ADR REP PFD 373737105 7,544 4,708 166.01 24 118.18 0.0020
2019-07-31 2019-06-30 13F GERDAU S A SPON ADR REP PFD 373737105 2,836 -1,095 -27.86 11 -26.67 0.0010
2019-05-09 2019-03-31 13F GERDAU S A SPON ADR REP PFD 373737105 3,931 753 23.69 15 25.00 0.0013
2019-02-13 2018-12-31 13F GERDAU S A SPON ADR REP PFD 373737105 3,178 2,074 187.86 12 140.00 0.0011
2018-11-14 2018-09-30 13F GERDAU S A SPON ADR REP PFD 373737105 1,104 0 0.00 5 25.00 0.0005
2018-08-14 2018-06-30 13F GERDAU S A SPON ADR REP PFD 373737105 1,104 0 0.00 4 -20.00 0.0004
2018-05-08 2018-03-31 13F GERDAU S A SPON ADR REP PFD 373737105 1,104 1,104 5 0.0006
2017-02-14 2016-12-31 13F GERDAU S A SPON ADR REP PFD 373737105 0 -727 -100.00 0 -100.00
2016-11-14 2016-09-30 13F GERDAU S A SPON ADR REP PFD 373737105 727 -985 -57.54 2 -33.33 0.0003
2016-07-29 2016-06-30 13F GERDAU S A SPON ADR REP PFD 373737105 1,712 1,712 0.00 3 0.0004
2014-08-14 2014-06-30 13F GERDAU S A SPON ADR REP PFD 373737105 0 -160 -100.00 0 -100.00
2014-05-16 2014-03-31 13F GERDAU S A SPON ADR REP PFD 373737105 160 160 1 0.0004
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.