Steel Dynamics, Inc.
GB ˙ LSE ˙ US8581191009
SecurityGB:0ADX / Steel Dynamics, Inc.
InstitutionFIL Ltd
Latest Disclosed Ownership1,049,765 shares
Latest Disclosed Value $ 188,957,700
FIL Ltd reports 15.12% decrease in ownership of 0ADX / Steel Dynamics, Inc.

On May 15, 2026 - FIL Ltd filed a 13F-HR form disclosing ownership of 1,049,765 shares of Steel Dynamics, Inc. (GB:0ADX) valued at $188,957,700 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 1,236,836 shares of Steel Dynamics, Inc.. This represents a change in shares of -15.12% 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 1,049,765 -187,071 -15.12 188,958 -9.84 0.0816
2026-02-17 2025-12-31 13F STEEL DYNAMICS COM 858119100 1,236,836 -177,670 -12.56 209,582 6.27 0.1569
2025-11-13 2025-09-30 13F STEEL DYNAMICS COM 858119100 1,414,506 333,340 30.83 197,225 42.50 0.1550
2025-08-14 2025-06-30 13F STEEL DYNAMICS COM 858119100 1,081,166 825,361 322.65 138,400 332.55 0.1182
2025-05-12 2025-03-31 13F STEEL DYNAMICS COM 858119100 255,805 92,464 56.61 31,996 71.73 0.0304
2025-02-13 2024-12-31 13F STEEL DYNAMICS COM 858119100 163,341 151,757 1,310.06 18,632 1,176.16 0.0174
2024-11-13 2024-09-30 13F STEEL DYNAMICS COM 858119100 11,584 350 3.12 1,461 0.41 0.0013
2024-08-13 2024-06-30 13F STEEL DYNAMICS COM 858119100 11,234 702 6.67 1,455 -6.85 0.0014
2024-05-13 2024-03-31 13F STEEL DYNAMICS COM 858119100 10,532 699 7.11 1,561 34.45 0.0015
2024-02-13 2023-12-31 13F STEEL DYNAMICS COM 858119100 9,833 -4,922 -33.36 1,161 -26.61 0.0012
2023-11-13 2023-09-30 13F STEEL DYNAMICS COM 858119100 14,755 1,268 9.40 1,582 7.69 0.0019
2023-08-11 2023-06-30 13F STEEL DYNAMICS COM 858119100 13,487 -949 -6.57 1,469 -9.99 0.0017
2023-05-11 2023-03-31 13F STEEL DYNAMICS COM 858119100 14,436 -4,419 -23.44 1,632 -11.40 0.0019
2023-02-13 2022-12-31 13F STEEL DYNAMICS COM 858119100 18,855 7,908 72.24 1,842 137.07 0.0022
2022-11-10 2022-09-30 13F STEEL DYNAMICS COM 858119100 10,947 -3,367 -23.52 777 -17.95 0.0010
2022-08-12 2022-06-30 13F STEEL DYNAMICS COM 858119100 14,314 -499,255 -97.21 947 -97.79 0.0011
2022-05-13 2022-03-31 13F STEEL DYNAMICS COM 858119100 513,569 443,337 631.25 42,847 882.95 0.0439
2022-02-14 2021-12-31 13F STEEL DYNAMICS COM 858119100 70,232 7,627 12.18 4,359 19.03 0.0045
2021-11-15 2021-09-30 13F STEEL DYNAMICS COM 858119100 62,605 -640,052 -91.09 3,662 -91.26 0.0041
2021-08-13 2021-06-30 13F STEEL DYNAMICS COM 858119100 702,657 -31,900 -4.34 41,879 12.32 0.0450
2021-05-14 2021-03-31 13F STEEL DYNAMICS COM 858119100 734,557 691,549 1,607.95 37,286 2,250.95 0.0424
2021-03-23 2020-12-31 13F/A-1 STEEL DYNAMICS COM 858119100 43,008 37,719 713.16 1,586 950.33 0.0020
2021-02-08 2020-12-31 13F STEEL DYNAMICS COM 858119100 43,008 37,719 1,586 767.0734
2020-11-13 2020-09-30 13F STEEL DYNAMICS COM 858119100 5,289 5,154 3,817.78 151 3,675.00 0.0002
2020-08-13 2020-06-30 13F STEEL DYNAMICS COM 858119100 135 66 95.65 4 100.00 0.0000
2020-05-14 2020-03-31 13F STEEL DYNAMICS COM 858119100 69 0 0.00 2 0.00 0.0000
2020-02-07 2019-12-31 13F STEEL DYNAMICS COM 858119100 69 0 0.00 2 0.00 0.0000
2019-11-13 2019-09-30 13F STEEL DYNAMICS COM 858119100 69 0 0.00 2 0.00 0.0000
2019-08-13 2019-06-30 13F STEEL DYNAMICS COM 858119100 69 0 0.00 2 0.00 0.0000
2019-05-13 2019-03-31 13F STEEL DYNAMICS COM 858119100 69 0 0.00 2 0.00 0.0000
2019-02-13 2018-12-31 13F STEEL DYNAMICS COM 858119100 69 0 0.00 2 -33.33 0.0000
2018-11-09 2018-09-30 13F STEEL DYNAMICS COM 858119100 69 -84,929 -99.92 3 -99.92 0.0000
2018-08-10 2018-06-30 13F STEEL DYNAMICS COM 858119100 84,998 4,241 5.25 3,906 9.38 0.0059
2018-05-14 2018-03-31 13F STEEL DYNAMICS COM 858119100 80,757 40,442 100.32 3,571 105.35 0.0098
2018-02-12 2017-12-31 13F STEEL DYNAMICS COM 858119100 40,315 40,315 1,739 0.0048
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.