Gerdau S.a. (GGB) Major Shareholders
Gerdau shareholders at a glance
The largest holder of Gerdau stock is XP Allocation Asset Management Ltda., with 191.01 billion shares (15147.19% of the company) as of September 25, 2026. The 10 largest holders together own 15155.6%.
In Q2 2026, 220 institutional holdings reports listed 366.0 million shares worth $1.48 billion, up 19.6% in shares from Q1 2026.
Major holders as of September 25, 2026; quarterly totals from institutional holdings reports (latest Q2 2026).
Gerdau S.a.
Shareholders Summary
2026Q2
Ownership by Type
Geographic Distribution
Largest Gerdau shareholders
| Holder | Shares | % of company | Value |
|---|---|---|---|
| XP Allocation Asset Management Ltda. | 191.01 billion | 15147.19% | – |
| T. Rowe Price Hong Kong Ltd. | 65.4 million | 5.19% | – |
| Nordea Investment Management AB | 8.3 million | 0.66% | – |
| Syzygy Asset Management LLC | 8.0 million | 0.63% | – |
| BB Gestão de Recursos DTVM SA | 5.0 million | 0.40% | – |
| Tempo Capital Gestão de Recursos Ltda. | 4.9 million | 0.39% | – |
| Itaú Unibanco Asset Management Ltda. | 4.6 million | 0.37% | – |
| State Street Global Advisors Ltd. | 3.4 million | 0.27% | – |
| Sjunde Ap Fonden (Investment Management) | 3.0 million | 0.24% | – |
| BRAM - Bradesco Asset Management SA DTVM | 2.7 million | 0.22% | – |
As of September 25, 2026.
Gerdau institutional holdings by quarter
| Quarter | Reports | Shares | Value |
|---|---|---|---|
| Q2 2026 | 220 | 366.0 million | $1.5B |
| Q1 2026 | 198 | 306.0 million | $1.1B |
| Q4 2025 | 189 | 317.0 million | $1.2B |
| Q3 2025 | 183 | 328.0 million | $1.0B |
| Q2 2025 | 177 | 307.0 million | $897.0M |
| Q1 2025 | 190 | 310.0 million | $880.0M |
| Q4 2024 | 196 | 325.0 million | $937.0M |
| Q3 2024 | 194 | 319.0 million | $1.1B |
Shares and value held by institutions that file quarterly holdings reports (options not included).
Questions and answers
Who owns the most Gerdau stock?
XP Allocation Asset Management Ltda., with 15147.19% of the company (as of September 25, 2026). Next: T. Rowe Price Hong Kong Ltd. (5.19%) and Nordea Investment Management AB (0.66%).
How many institutions own Gerdau stock?
220 institutional holdings reports listed Gerdau shares in Q2 2026, 366.0 million shares in all worth $1.48 billion.
