Wedge Capital Management Reduces Stake in Steel Dynamics

Hedge fund cuts position in basic materials company by nearly 30%

Mar. 29, 2026 at 11:24am

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An extreme close-up of heavy, textured steel machinery and equipment, conveying the industrial nature of the steel industry without using any literal financial symbols or charts.This industrial macro image captures the raw power and physicality of the steel manufacturing process, reflecting the shifting investment landscape in the sector.Fort Wayne Today

Wedge Capital Management L L P NC, a North Carolina-based hedge fund, has reduced its stake in Steel Dynamics, Inc. (NASDAQ:STLD) by 28.6% in the fourth quarter, according to a recent 13F filing with the Securities and Exchange Commission. The firm now owns 37,150 shares of the basic materials company's stock, valued at $6,295,000 at the end of the quarter.

Why it matters

This filing provides insight into the investment decisions of Wedge Capital Management, a prominent hedge fund, and their views on the steel industry and Steel Dynamics in particular. Changes in institutional ownership can influence a stock's price and trading volume, making this news potentially relevant for investors tracking Steel Dynamics.

The details

According to the 13F filing, Wedge Capital Management sold 14,862 shares of Steel Dynamics during the fourth quarter, reducing its total position by 28.6%. The hedge fund now holds 37,150 shares of the basic materials company, which were valued at $6,295,000 at the end of the quarter.

  • Wedge Capital Management filed the 13F report for the fourth quarter of 2025 on March 29, 2026.

The players

Wedge Capital Management L L P NC

A North Carolina-based hedge fund that has reduced its stake in Steel Dynamics, Inc.

Steel Dynamics, Inc.

A U.S.-based, diversified steel producer and metals recycler that operates an integrated network of mini-mills, finishing lines and fabrication facilities.

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The takeaway

This filing highlights the changing investment landscape in the steel industry, as prominent hedge funds like Wedge Capital Management adjust their positions based on their market outlook. Investors will likely be watching to see if other institutional investors follow suit or maintain their confidence in Steel Dynamics.