Does Reliance Inc. (NYSE:RS) buy by a small construction and materials stock hedge fund?

Recently, I’ve published a list of 15 Small Construction and Materials Stock Hedge Funds Buy. In this article, we look at where Reliance Inc. (NYSE:RS) competes against other small construction and material stocks.

Nuveen’s stock and bond head Saira Malik joined CNBC’s “Closing Bell” on March 26 to discuss investment strategies in the middle of this uncertain market. She highlighted that two dominant themes form the second quarter of this year. Questions surrounding policy uncertainty and the pace of economic slowdown. Malik noted that after rebounding from the correctional domain, the market showed a bit more optimistic. This was driven by the expectations of tariffs on investors’ bouncing down and the return of the term “temporary” regarding the inflationary effect from tariffs. However, she emphasized that the economy continues to slow. Given this, Malik prefers the defense market sector, particularly the infrastructure. She also identified local government bonds as the preferred fixed income category.

These appeal to local investors seeking a stable income flow along the way in this economic uncertainty. Malik also acknowledged the risk that negative feelings about consumer debilitating could continue to be self-fulfilling prophecies. She noted that the economy’s recent strengths are driven by consumer spending and employment, with about half of the salary growth since 2019 coming from government jobs. Although recent data on consumer spending, retail sales and trust have been weak, consumers often express pessimism without reducing their spending proportionately. Nevertheless, she stressed the economy is slowing down and warned that ongoing tariff uncertainty could lead to a more sharp economic downturn. However, she also mentioned the potential benefits from future tax cuts and deregulation. Malik explained that the market’s recent optimism stems from increased clarity regarding the implementation of tariffs and targets.

First, we sifted through financial media coverage, ETFs, and insider Monkey’s fourth quarter hedge fund database reports to compile a list of small construction and material stocks that hedge funds are purchasing. In this article, as of April 28th, we define small-caps as trading between $10 billion and $30 billion. We then selected the top 15 stocks and ranked them in ascending order of the number of hedge funds that had interests them. If the same number of hedge funds own two or more shares, the market capitalization was used as a tiebreaker.