American Century Companies Inc. Cuts Holdings in Steel Dynamics, Inc.

Investment firm reduces stake in steel manufacturer by over 40%

Published on Mar. 11, 2026

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According to a recent SEC filing, American Century Companies Inc. has reduced its stake in Steel Dynamics, Inc. (NASDAQ:STLD) by 41.1% in the third quarter. The firm previously owned 118,323 shares of the basic materials company's stock but sold 82,627 shares during the quarter.

Why it matters

This move by a major institutional investor signals a potential shift in sentiment around Steel Dynamics, one of the largest steel producers in the United States. The reduction in holdings could indicate a broader market view that the company's stock price has reached a peak or that the firm sees better investment opportunities elsewhere.

The details

American Century Companies Inc. now owns 0.08% of Steel Dynamics, worth approximately $16.5 million as of the most recent filing. The investment firm's decision to sell over 40% of its position in the steel manufacturer comes amid a broader market rally that has seen Steel Dynamics' share price rise over 75% in the past year.

  • American Century Companies Inc. reduced its stake in Steel Dynamics in the 3rd quarter of 2025.

The players

American Century Companies Inc.

A major U.S. investment management firm that oversees over $250 billion in assets.

Steel Dynamics, Inc.

One of the largest steel producers in the United States, manufacturing a range of flat-rolled, structural, and specialty steel products.

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The takeaway

The reduction in holdings by American Century Companies could signal a potential shift in market sentiment around Steel Dynamics, as investors weigh the company's growth prospects against broader economic conditions and alternative investment opportunities.