J. Safra Sarasin Holding 13F: Cuts Nucor (NUE) Stake by $8.9M
Key Points
- After this cut, J. Safra Sarasin's position in Nucor is now valued at about $4.9 million, reflecting a significant decrease from its previous value of approximately $13.8 million.
- J. Safra Sarasin Holding held 21,526 $NUE shares at quarter end, down 64.52% from the prior quarter.
- Nucor shares recently traded around $257.35, which is about 0.3% below the closing price of $258.11 on October 23, 2026.
- The fund holds a 0.21% share of its total portfolio in Nucor, ranking it 51 out of 800 positions.
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On October 26, 2026, J. Safra Sarasin Holding reduced its stake in Nucor Corporation (NYSE: NUE) by 39,143 shares, bringing its total to 21,526 shares. This reduction, valued at about $8.9 million, reflects a 64.5% decrease in its position. The information comes from the fund's latest Form 13F filing with the SEC.
NUE
Nucor Corporation
Where Nucor Fits in J. Safra Sarasin's Portfolio
This move leaves Nucor with a portfolio weight of 0.21%, ranking it 51 out of 800 positions held by J. Safra Sarasin.
Other Institutional Activity in Nucor
State Farm Mutual Automobile Insurance Co has maintained its position in Nucor, holding 24,206,873 shares valued at approximately $6.2 billion. This stability contrasts with J. Safra Sarasin's recent reduction, indicating differing strategies among institutional investors.
Nucor Corporation Stock Down 0.3%
Nucor shares recently traded around $257.35, which is about 0.3% below the closing price of $258.11 on October 23, 2026. This slight dip suggests the stock is currently facing some pressure, especially following the fund's significant cut.
Recent Earnings
Nucor reported trailing twelve-month revenue of approximately $36.1 billion, with an earnings per share (EPS) of $12.54. The company has shown a year-over-year revenue growth of 23.0% and a net margin of 8.0%. The next earnings report is due on October 30, 2026.
Dividend
Nucor pays an annual dividend of $2.24 per share, which gives it a dividend yield of about 0.87%. This yield is relatively attractive for investors seeking income in addition to capital appreciation.
Insider Buying and Selling at Nucor Corporation
Several insiders have sold shares of Nucor earlier this year. Stephen D. Laxton, the President, sold 3,968 shares on July 30, 2026, at an average price of $256.96, totaling approximately $1.02 million. Thomas J. Batterbee, an Officer, sold 4,000 shares on August 3, 2026, for about $1.04 million. CEO Leon J. Topalian sold 26,000 shares on August 14, 2026, valued at approximately $6.98 million, while Officer Allen C. Behr sold 7,739 shares on the same day, totaling around $2.12 million.
Analysts Set New Price Targets
On September 18, 2026, Freedom Broker downgraded Nucor to a Hold rating with a target price of $285, down from $305. Wells Fargo and Keybanc maintained their Overweight ratings, with targets of $280 and $286, respectively. JP Morgan and Barclays also kept their Overweight ratings but adjusted their targets to $296 and $306, respectively.
About Nucor
Nucor Corporation is a leading manufacturer and seller of steel and steel products. The company operates through three segments: Steel Mills, Steel Products, and Raw Materials. This reduction in J. Safra Sarasin's stake may indicate a reevaluation of the steel market's outlook.
Bottom Line
Investors should keep an eye on Nucor's upcoming earnings report on October 30, 2026. Additionally, J. Safra Sarasin's recent actions point to a cautious approach towards the stock, which may influence market sentiment moving forward.
Related Filing Alerts
Source: J. Safra Sarasin Holding's 13F filing on $NUE (Oct 26, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts