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

SecurityGGB / Gerdau S.A. - Depositary Receipt (Common Stock)
InstitutionState Street Corp
Latest Disclosed Ownership3,700,299 shares
Latest Disclosed Value $ 13,358,079
State Street Corp reports 4.79% increase in ownership of GGB / Gerdau S.A. - Depositary Receipt (Common Stock)

On May 15, 2026 - State Street Corp filed a 13F-HR form disclosing ownership of 3,700,299 shares of Gerdau S.A. - Depositary Receipt (Common Stock) (US:GGB) valued at $13,358,079 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 3,531,028 shares of Gerdau S.A. - Depositary Receipt (Common Stock). This represents a change in shares of 4.79% during the quarter. The current value of the position is $17,428,408 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)
2026-05-15 2026-03-31 13F GERDAU SPON ADR REP PFD 373737105 3,700,299 169,271 4.79 13,358 2.53 0.0005
2026-02-13 2025-12-31 13F GERDAU SPON ADR REP PFD 373737105 3,531,028 190,483 5.70 13,029 25.82 0.0004
2025-11-14 2025-09-30 13F GERDAU SPON ADR REP PFD 373737105 3,340,545 99,928 3.08 10,356 9.44 0.0004
2025-08-14 2025-06-30 13F GERDAU SPON ADR REP PFD 373737105 3,240,617 208,093 6.86 9,463 9.87 0.0004
2025-05-15 2025-03-31 13F GERDAU SPON ADR REP PFD 373737105 3,032,524 -116,569 -3.70 8,612 -5.04 0.0004
2025-02-14 2024-12-31 13F GERDAU SPON ADR REP PFD 373737105 3,149,093 283,849 9.91 9,069 -9.56 0.0004
2024-11-14 2024-09-30 13F GERDAU SPON ADR REP PFD 373737105 2,865,244 40,702 1.44 10,028 7.60 0.0004
2024-08-14 2024-06-30 13F GERDAU SPON ADR REP PFD 373737105 2,824,542 430,229 17.97 9,321 -11.93 0.0004
2024-05-15 2024-03-31 13F GERDAU SPON ADR REP PFD 373737105 2,394,313 -30,070 -1.24 10,583 -10.00 0.0005
2024-02-14 2023-12-31 13F GERDAU SPON ADR REP PFD 373737105 2,424,383 130,946 5.71 11,758 7.49 0.0006
2023-11-14 2023-09-30 13F GERDAU SPON ADR REP PFD 373737105 2,293,437 -29,597 -1.27 10,940 -9.79 0.0006
2023-08-14 2023-06-30 13F GERDAU SPON ADR REP PFD 373737105 2,323,034 43,899 1.93 12,126 7.92 0.0006
2023-05-15 2023-03-31 13F GERDAU SPON ADR REP PFD 373737105 2,279,135 -608,096 -21.06 11,236 -29.95 0.0006
2023-05-15 2022-12-31 13F/A-99 GERDAU SPON ADR REP PFD 373737105 2,887,231 779,530 36.98 16,040 68.35 0.0009
2023-05-15 2022-12-31 13F GERDAU SPON ADR REP PFD 373737105 2,887,231 779,530 16,040 0.0009
2022-11-15 2022-09-30 13F GERDAU SPON ADR REP PFD 373737105 2,107,701 -134,545 -6.00 9,527 -0.96 0.0006
2022-08-15 2022-06-30 13F GERDAU SPON ADR REP PFD 373737105 2,242,246 -783,862 -25.90 9,619 -50.57 0.0006
2022-05-16 2022-03-31 13F GERDAU SPON ADR REP PFD 373737105 3,026,108 -1,211,021 -28.58 19,458 -6.66 0.0010
2022-02-14 2021-12-31 13F GERDAU SPON ADR REP PFD 373737105 4,237,129 -104,955 -2.42 20,847 -3.68 0.0010
2021-11-15 2021-09-30 13F GERDAU SPON ADR REP PFD 373737105 4,342,084 -220,140 -4.83 21,643 -19.59 0.0011
2021-08-16 2021-06-30 13F GERDAU SPON ADR REP PFD 373737105 4,562,224 525,603 13.02 26,917 23.65 0.0014
2021-07-09 2021-03-31 13F/A-1 GERDAU SPON ADR REP PFD 373737105 4,036,621 -63,887 -1.56 21,769 12.92 0.0012
2021-05-17 2021-03-31 13F GERDAU SPON ADR REP PFD 373737105 4,036,621 -63,887 21,769 0.0012
2021-02-16 2020-12-31 13F GERDAU SPON ADR REP PFD 373737105 4,100,508 -200,469 -4.66 19,279 21.14 0.0012
2020-11-10 2020-09-30 13F GERDAU SPON ADR REP PFD 373737105 4,300,977 5,628 0.13 15,914 25.17 0.0011
2020-08-14 2020-06-30 13F GERDAU SPON ADR REP PFD 373737105 4,295,349 92,583 2.20 12,714 58.39 0.0009
2020-06-19 2020-03-31 13F/A-1 GERDAU SPON ADR REP PFD 373737105 4,202,766 7,224 0.17 8,027 -60.95 0.0007
2020-05-11 2020-03-31 13F GERDAU SPON ADR REP PFD 373737105 4,202,766 7,224 8,027 704.9322
2020-02-06 2019-12-31 13F GERDAU S A SPON ADR REP PFD 373737105 4,195,542 139,603 3.44 20,558 60.91 0.0014
2019-11-14 2019-09-30 13F GERDAU S A SPON ADR REP PFD 373737105 4,055,939 -498 -0.01 12,776 -19.04 0.0010
2019-08-14 2019-06-30 13F GERDAU S A SPON ADR REP PFD 373737105 4,056,437 30,840 0.77 15,780 1.03 0.0012
2019-05-15 2019-03-31 13F GERDAU S A SPON ADR REP PFD 373737105 4,025,597 150,874 3.89 15,619 7.21 0.0012
2019-02-12 2018-12-31 13F GERDAU S A SPON ADR REP PFD 373737105 3,874,723 183,188 4.96 14,569 -6.26 0.0013
2018-11-09 2018-09-30 13F GERDAU American Depository Receipt 373737105 3,691,535 1,054,692 40.00 15,542 66.47 0.0012
2018-08-14 2018-06-30 13F GERDAU American Depository Receipt 373737105 2,636,843 57,065 2.21 9,336 -22.35 0.0008
2018-05-15 2018-03-31 13F GERDAU American Depository Receipt 373737105 2,579,778 302,005 13.26 12,023 41.91 0.0010
2018-02-14 2017-12-31 13F GERDAU American Depository Receipt 373737105 2,277,773 268,281 13.35 8,472 22.89 0.0007
2017-11-14 2017-09-30 13F GERDAU American Depository Receipt 373737105 2,009,492 10,507 0.53 6,894 13.03 0.0006
2017-08-14 2017-06-30 13F GERDAU American Depository Receipt 373737105 1,998,985 51,661 2.65 6,099 -9.21 0.0005
2017-05-15 2017-03-31 13F GERDAU American Depository Receipt 373737105 1,947,324 115,371 6.30 6,718 16.79 0.0006
2017-02-09 2016-12-31 13F GERDAU American Depository Receipt 373737105 1,831,953 -228,303 -11.08 5,752 2.62 0.0005
2017-01-13 2016-09-30 13F/A-1 GERDAU American Depository Receipt 373737105 2,060,256 -21,538 -1.03 5,605 47.89 0.0006
2016-11-14 2016-09-30 13F GERDAU American Depository Receipt 373737105 2,060,256 5,605
2016-08-12 2016-06-30 13F GERDAU American Depository Receipt 373737105 2,081,794 -50,879 -2.39 3,790 -0.16 0.0004
2016-05-20 2016-03-31 13F/A-1 GERDAU American Depository Receipt 373737105 2,132,673 -15,037 -0.70 3,796 47.42 0.0004
2016-05-12 2016-03-31 13F GERDAU American Depository Receipt 373737105 2,132,673 3,796
2016-02-16 2015-12-31 13F GERDAU American Depository Receipt 373737105 2,147,710 75,020 3.62 2,575 -9.39 0.0003
2015-11-16 2015-09-30 13F GERDAU American Depository Receipt 373737105 2,072,690 -606,734 -22.64 2,842 -56.00 0.0003
2015-08-13 2015-06-30 13F GERDAU American Depository Receipt 373737105 2,679,424 -38,383 -1.41 6,459 -25.72 0.0007
2015-05-15 2015-03-31 13F GERDAU American Depository Receipt 373737105 2,717,807 178,494 7.03 8,695 -3.56 0.0009
2015-02-11 2014-12-31 13F GERDAU American Depository Receipt 373737105 2,539,313 101,472 4.16 9,016 -22.95 0.0009
2014-11-12 2014-09-30 13F/A-1 GERDAU American Depository Receipt 373737105 2,437,841 -172,213 -6.60 11,702 -23.87 0.0013
2014-11-10 2014-09-30 13F GERDAU American Depository Receipt 373737105 2,437,841 11,702
2014-08-12 2014-06-30 13F GERDAU American Depository Receipt 373737105 2,610,054 916,730 54.14 15,372 41.63 0.0017
2014-05-15 2014-03-31 13F/A-1 GERDAU American Depository Receipt 373737105 1,693,324 -240,188 -12.42 10,854 -28.40 0.0012
2014-05-13 2014-03-31 13F GERDAU American Depository Receipt 373737105 1,693,324 10,854
2014-02-06 2013-12-31 13F/A-1 GERDAU American Depository Receipt 373737105 1,933,512 -300,557 -13.45 15,159 -9.03 0.0017
2014-02-06 2013-12-31 13F GERDAU American Depository Receipt 373737105 2,293,275 20,615
2013-11-12 2013-09-30 13F GERDAU American Depository Receipt 373737105 2,234,069 -96,858 -4.16 16,664 25.22 0.0021
2013-08-08 2013-06-30 13F GERDAU American Depository Receipt 373737105 2,330,927 2,330,927 13,308 0.0017
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.