Ryerson Holding (NYSE:RYI)

Ryerson Holding Corp. (RYI) is one of North America's largest processors of industrial metals.

Basically a "one-stop" metal shop for manufacturers, they fashion metal into pieces that clients use to build a wide range of products.

The company serves more than 45,000 customers in the U.S.

And their clients hail from the growing industrial equipment, construction and transportation businesses.

As we've talked about for months now, the economy is humming. And Ryerson has ridden the wave higher on rising American manufacturing output.

Sales have surged more than 50% in the last two years on increased demand and key acquisitions. And thanks to a lean operation, earnings have grown by more than 400%.

Better still, the company generates all of its revenue here in U.S.

Ryerson sources some metals from foreign sellers, which has gotten more expensive with tariffs. But the company sells its finished products here in the States — where its clients' businesses are booming.

And once a trade deal is cut and tariffs are removed, the company's earnings will skyrocket as input costs drop.

The stock's recent price action was fueled by some powerful front trades.

Three big state pension funds unloaded on this stock…

Michigan's Municipal Employees Retirement System bought 151,840 shares.

The New York state common retirement fund bought 46,861 shares.

And the Ohio Public Employees Retirement System bought 24,595 shares.

These buys are a big deal…

Pension funds pay out huge sums of retirement income to Americans after many years of service.

Fund managers need to ensure they've got enough money to pay out benefits. So these funds have strict mandates about the stocks they can own based on their required investment returns.

Put simply, they don't invest in small manufacturing companies on a whim. They buy into companies that can make a positive impact on their massive portfolios — with as little risk as possible.

They weren't the only big fish to scoop up Ryerson shares ahead of Trump's new trade dea

Hedge fund AQR Capital Management purchased 140,368 shares.

Bank of New York Mellon Corp. scooped up just over 105,000 shares.

Vanguard Group added 50,665 shares to their position… bringing their total holdings to more than $5 million shares.

These institutions don't just think a trade deal is on the way. They're betting big on Ryerson because they expect a deal cut soon… and this small manufacturing company is poised to profit on the agreement.