Steel Dynamics, Inc.
MX ˙ BMV ˙ US8581191009
SecurityMX:STLD / Steel Dynamics, Inc.
InstitutionVictory Capital Management Inc
Latest Disclosed Ownership1,946,832 shares
Latest Disclosed Value $ 350,429,760
Victory Capital Management Inc reports 8.66% decrease in ownership of STLD / Steel Dynamics, Inc.

On May 15, 2026 - Victory Capital Management Inc filed a 13F-HR form disclosing ownership of 1,946,832 shares of Steel Dynamics, Inc. (MX:STLD) valued at $350,429,760 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 2,131,392 shares of Steel Dynamics, Inc.. This represents a change in shares of -8.66% during the quarter.

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 STEEL DYNAMICS COM 858119100 1,946,832 -184,560 -8.66 350,430 -2.97 0.1682
2026-02-13 2025-12-31 13F STEEL DYNAMICS COM 858119100 2,131,392 -25,806 -1.20 361,164 20.08 0.2038
2025-11-12 2025-09-30 13F STEEL DYNAMICS COM 858119100 2,157,198 28 0.00 300,778 8.92 0.1759
2025-08-13 2025-06-30 13F STEEL DYNAMICS COM 858119100 2,157,170 340,645 18.75 276,139 21.53 0.1781
2025-05-02 2025-03-31 13F STEEL DYNAMICS COM 858119100 1,816,525 1,475,767 433.08 227,211 484.54 0.2325
2025-02-06 2024-12-31 13F STEEL DYNAMICS COM 858119100 340,758 74,259 27.86 38,870 15.68 0.0382
2024-11-05 2024-09-30 13F STEEL DYNAMICS COM 858119100 266,499 10,758 4.21 33,600 1.46 0.0324
2024-08-05 2024-06-30 13F STEEL DYNAMICS COM 858119100 255,741 -30,169 -10.55 33,118 -21.85 0.0332
2024-05-03 2024-03-31 13F STEEL DYNAMICS COM 858119100 285,910 -6,432 -2.20 42,380 22.75 0.0414
2024-02-05 2023-12-31 13F STEEL DYNAMICS COM 858119100 292,342 -7,668 -2.56 34,526 7.33 0.0363
2023-11-06 2023-09-30 13F STEEL DYNAMICS COM 858119100 300,010 -41,842 -12.24 32,167 -13.62 0.0370
2023-07-27 2023-06-30 13F STEEL DYNAMICS COM 858119100 341,852 77,833 29.48 37,238 24.75 0.0410
2023-05-02 2023-03-31 13F STEEL DYNAMICS COM 858119100 264,019 -2,038,026 -88.53 29,850 -86.73 0.0335
2023-04-25 2022-12-31 13F/A-3 STEEL DYNAMICS COM 858119100 2,302,045 -1,193,890 -34.15 224,910 -9.32 0.2588
2023-03-10 2022-12-31 13F/A-2 STEEL DYNAMICS COM 858119100 2,302,045 -1,193,890 224,910 0.2456
2023-02-10 2022-12-31 13F/A-1 STEEL DYNAMICS COM 858119100 2,302,045 -1,193,890 224,910 0.1551
2023-02-09 2022-12-31 13F STEEL DYNAMICS COM 858119100 2,277,464 -1,218,471 230,261 0.1564
2022-11-02 2022-09-30 13F STEEL DYNAMICS COM 858119100 3,495,935 -270,149 -7.17 248,036 -0.44 0.2895
2022-08-01 2022-06-30 13F STEEL DYNAMICS COM 858119100 3,766,084 -953,902 -20.21 249,126 -36.82 0.2838
2022-05-04 2022-03-31 13F STEEL DYNAMICS COM 858119100 4,719,986 111,469 2.42 394,294 37.84 0.3945
2022-02-07 2021-12-31 13F STEEL DYNAMICS COM 858119100 4,608,517 481,137 11.66 286,051 18.51 0.2632
2021-11-02 2021-09-30 13F STEEL DYNAMICS COM 858119100 4,127,380 -701,604 -14.53 241,370 -16.13 0.2364
2021-08-03 2021-06-30 13F STEEL DYNAMICS COM 858119100 4,828,984 -2,539,060 -34.46 287,807 -23.05 0.2763
2021-05-04 2021-03-31 13F STEEL DYNAMICS COM 858119100 7,368,044 -789,399 -9.68 374,002 24.35 0.3832
2021-02-01 2020-12-31 13F STEEL DYNAMICS COM 858119100 8,157,443 -41,691 -0.51 300,765 28.13 0.3351
2020-11-09 2020-09-30 13F STEEL DYNAMICS COM 858119100 8,199,134 -83,252 -1.01 234,741 8.63 0.3013
2020-08-07 2020-06-30 13F STEEL DYNAMICS COM 858119100 8,282,386 1,161,235 16.31 216,087 34.62 0.2926
2020-05-12 2020-03-31 13F/A-1 STEEL DYNAMICS COM 858119100 7,121,151 3,022,639 73.75 160,512 15.05 0.2691
2020-05-04 2020-03-31 13F STEEL DYNAMICS COM 858119100 7,121,151 3,022,639 160,512 175,664.0733
2020-02-06 2019-12-31 13F/A-1 STEEL DYNAMICS COM 858119100 4,098,512 3,618,786 754.34 139,513 875.89 0.1694
2020-02-04 2019-12-31 13F STEEL DYNAMICS COM 858119100 5,774,356 5,294,630 172,538 206,819.6867
2019-11-12 2019-09-30 13F STEEL DYNAMICS COM 858119100 479,726 376,684 365.56 14,296 359.38 0.0184
2019-08-15 2019-06-30 13F STEEL DYNAMICS COM 858119100 103,042 23,468 29.49 3,112 10.87 0.0063
2019-05-03 2019-03-31 13F STEEL DYNAMICS CS 858119100 79,574 15,914 25.00 2,807 46.81 0.0064
2019-05-02 2018-12-31 13F/A-1 STEEL DYNAMICS COM 858119100 63,660 -1,131,317 -94.67 1,912 -96.46 0.0048
2019-02-05 2018-12-31 13F STEEL DYNAMICS COM 858119100 63,660 -1,131,317 1,912
2018-11-01 2018-09-30 13F STEEL DYNAMICS COM 858119100 1,194,977 -96,448 -7.47 54,001 -9.00 0.1114
2018-08-02 2018-06-30 13F STEEL DYNAMICS COM 858119100 1,291,425 860,913 199.97 59,341 211.71 0.1263
2018-05-04 2018-03-31 13F STEEL DYNAMICS COM 858119100 430,512 396,886 1,180.30 19,037 1,212.90 0.0415
2018-02-01 2017-12-31 13F STEEL DYNAMICS COM 858119100 33,626 3,764 12.60 1,450 40.91 0.0031
2017-10-27 2017-09-30 13F STEEL DYNAMICS COM 858119100 29,862 -325,293 -91.59 1,029 -91.91 0.0023
2017-08-07 2017-06-30 13F STEEL DYNAMICS COM 858119100 355,155 -118,844 -25.07 12,718 -22.81 0.0298
2017-05-10 2017-03-31 13F STEEL DYNAMICS COM 858119100 473,999 65,838 16.13 16,476 13.46 0.0392
2017-02-09 2016-12-31 13F Steel Dynamics COM 858119100 408,161 76,750 23.16 14,522 75.34 0.0366
2016-11-02 2016-09-30 13F Steel DynamiCOM COM 858119100 331,411 -50,351 -13.19 8,282 -11.45 0.0232
2016-08-09 2016-06-30 13F Steel Dynamics COM 858119100 381,762 352,163 1,189.78 9,353 1,304.35 0.0374
2016-05-17 2016-03-31 13F/A-2 Steel Dynamics COM 858119100 29,599 29,599 666 0.0028
2016-05-12 2016-03-31 13F/A-1 Steel Dynamics COM 858119100 29,599 0 666 0.0027
2016-05-12 2016-03-31 13F Steel Dynamics COM 858119100 29,599 666
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.