Cipher Capital LP reports 31.98% decrease in ownership of STLD / Steel Dynamics, Inc.

스틸 다이나믹스, Inc.

US ˙ NasdaqGS ˙ US8581191009

Security	STLD / Steel Dynamics, Inc.
Institution	Cipher Capital LP
Latest Disclosed Ownership	1,748 shares
Latest Disclosed Value	$ 259,106

On May 15, 2024 - Cipher Capital LP filed a 13F-HR form disclosing ownership of 1,748 shares of Steel Dynamics, Inc. (US:STLD) valued at $259,106 USD as of March 31, 2024. The entity filed a previous 13F-HR on February 14, 2024 disclosing 2,570 shares of Steel Dynamics, Inc.. This represents a change in shares of -31.98% during the quarter. The current value of the position is $469,495 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	Reported Shares	ΔShares	ΔShares (%)	Reported Value (x1000)	ΔValue (%)	Alloc (%)
2024-05-15	2024-03-31	13F	STEEL DYNAMICS	COM	858119100	1,748	-822	-31.98	259	-14.52	0.1199
2024-02-14	2023-12-31	13F	STEEL DYNAMICS	COM	858119100	2,570	2,570		304		0.0983
2022-11-14	2022-09-30	13F	STEEL DYNAMICS	COM	858119100	0	-13,255	-100.00	0	-100.00
2022-08-12	2022-06-30	13F	STEEL DYNAMICS	COM	858119100	13,255	13,255		877		0.1983
2021-02-12	2020-12-31	13F	STEEL DYNAMICS	COM	858119100	0	-15,238	-100.00	0	-100.00
2020-11-13	2020-09-30	13F	STEEL DYNAMICS	COM	858119100	15,238	-23,467	-60.63	436	-56.83	0.0574
2020-08-14	2020-06-30	13F	STEEL DYNAMICS	COM	858119100	38,705	38,705		1,010		0.1598
2020-02-13	2019-12-31	13F	STEEL DYNAMICS	COM	858119100	0	-42,842	-100.00	0	-100.00
2019-11-13	2019-09-30	13F	STEEL DYNAMICS	COM	858119100	42,842	42,842		1,277		0.1008
2019-08-13	2019-06-30	13F	STEEL DYNAMICS	COM	858119100	0	-124,841	-100.00	0	-100.00
2019-05-15	2019-03-31	13F	STEEL DYNAMICS	COM	858119100	124,841	117,322	1,560.34	4,403	1,848.23	0.3483
2019-02-14	2018-12-31	13F	STEEL DYNAMICS	COM	858119100	7,519	7,519		226		0.0317
2018-11-13	2018-09-30	13F	STEEL DYNAMICS	COM	858119100	0	-36,902	-100.00	0	-100.00
2018-08-14	2018-06-30	13F	STEEL DYNAMICS	COM	858119100	36,902	36,902		1,696		0.3506
2018-05-14	2018-03-31	13F	STEEL DYNAMICS	COM	858119100	0	-40,671	-100.00	0	-100.00
2018-02-12	2017-12-31	13F	STEEL DYNAMICS	COM	858119100	40,671	19,992	96.68	1,754	146.00	0.1394
2017-11-08	2017-09-30	13F	STEEL DYNAMICS	COM	858119100	20,679	-19,877	-49.01	713	-50.90	0.0537
2017-08-09	2017-06-30	13F	STEEL DYNAMICS	COM	858119100	40,556	40,556		1,452		0.1135
2017-02-08	2016-12-31	13F	STEEL DYNAMICS	COM	858119100	0	-34,738	-100.00	0	-100.00
2016-11-10	2016-09-30	13F	STEEL DYNAMICS	COM	858119100	34,738	-49,624	-58.82	868	-58.01	0.0538
2016-08-11	2016-06-30	13F	STEEL DYNAMICS	COM	858119100	84,362	-5,854	-6.49	2,067	1.77	0.1449
2016-05-11	2016-03-31	13F	STEEL DYNAMICS	COM	858119100	90,216	36,362	67.52	2,031	110.90	0.1918
2016-02-11	2015-12-31	13F	STEEL DYNAMICS	COM	858119100	53,854	53,854	0.00	963		0.1369
2015-05-08	2015-03-31	13F	STEEL DYNAMICS	COM	858119100	0	-39,852	-100.00	0	-100.00
2015-02-11	2014-12-31	13F	STEEL DYNAMICS	COM	858119100	39,852	3,961	11.04	787	23.16	0.2031
2014-05-06	2014-03-31	13F	STEEL DYNAMICS	COM	858119100	35,891	10,733	42.66	639	29.88	0.2821
2014-02-04	2013-12-31	13F	STEEL DYNAMICS	COM	858119100	25,158	25,158	64.18	492	114.85	0.3377
2013-11-07	2013-09-30	13F	STEEL DYNAMICS	COM	858119100	0	-15,323	-100.00	0	-100.00
2013-08-13	2013-06-30	13F	STEEL DYNAMICS	COM	858119100	15,323	15,323		229		0.5615

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.