Companhia Siderúrgica Nacional (SID) reported stronger top-line and operating results in the second quarter of 2026, with revenue rising 10.95% year over year to $2.2 billion. Gross profit surged to $566.2 million, while operating profit increased 53.01% to $147.8 million, pointing to a meaningful improvement in profitability.
Even with those gains, the company remained in the red on a bottom-line basis. Net income attributable to common shareholders came in at -$149.3 million, and diluted earnings per share were -$0.11. Cost of sales also increased to $1.6 billion, reflecting higher operating costs during the period.
Cash flow remained under pressure, with operating activities using $37.1 million in cash, while capital spending totaled $266.3 million. The balance sheet showed $2.6 billion in cash and cash equivalents, and total liabilities declined to $16.5 billion.
- Revenue: $2.2 billion, up 10.95% year over year
- Gross profit: $566.2 million, up sharply from a year earlier
- Operating profit: $147.8 million, up 53.01%
- Net income: -$149.3 million
- Cash and cash equivalents: $2.6 billion
Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.
Companhia Siderúrgica Nacional Hedge Fund Activity
We have seen 35 institutional investors add shares of Companhia Siderúrgica Nacional stock to their portfolio, and 51 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- AMERICAN CENTURY COMPANIES INC removed 3,112,770 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $2,848,184
- MILLENNIUM MANAGEMENT LLC removed 2,327,399 shares (-73.6%) from their portfolio in Q1 2026, for an estimated $2,885,974
- RENAISSANCE TECHNOLOGIES LLC added 1,481,300 shares (+41.9%) to their portfolio in Q1 2026, for an estimated $1,836,812
- CITADEL ADVISORS LLC removed 1,201,352 shares (-59.8%) from their portfolio in Q1 2026, for an estimated $1,489,676
- TWO SIGMA INVESTMENTS, LP removed 1,074,472 shares (-55.5%) from their portfolio in Q1 2026, for an estimated $1,332,345
- BANK OF AMERICA CORP /DE/ removed 717,436 shares (-96.5%) from their portfolio in Q1 2026, for an estimated $889,620
- JANE STREET GROUP, LLC removed 685,351 shares (-27.0%) from their portfolio in Q1 2026, for an estimated $849,835
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
