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Constellium
CSTM

116 hedge funds and large institutions have $389M invested in Constellium in 2016 Q1 according to their latest regulatory filings, with 23 funds opening new positions, 38 increasing their positions, 43 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

2% more funds holding

Funds holding: 114 → 116 (+2)

10% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 21

10% less call options, than puts

Call options by funds: $733K | Put options by funds: $811K

4.4% less ownership

Funds ownership: 75.82% → 71.43% (-4.4%)

12% less repeat investments, than reductions

Existing positions increased: 38 | Existing positions reduced: 43

17% less funds holding in top 10

Funds holding in top 10: 6 → 5 (-1)

37% less capital invested

Capital invested by funds: $613M → $389M (-$224M)

Holders
116
Holders Change
+2
Holders Change %
+1.75%
% of All Funds
3.09%
Holding in Top 10
5
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-16.67%
% of All Funds
0.13%
New
23
Increased
38
Reduced
43
Closed
21
Calls
$733K
Puts
$811K
Net Calls
-$78K
Net Calls Change
-$3.23M

Top Buyers

1
MCO
MAK Capital One
New York
+$8.48M
2
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$6.99M
3
CC
CQS Cayman
Cayman Islands
+$6.38M
4
SCM
SkyTop Capital Management
New Jersey
+$6.32M
5
Renaissance Technologies
Renaissance Technologies
New York
+$4.06M

Top Sellers

1
RCMC
Rubric Capital Management (Connecticut)
Connecticut
-$32.8M
2
Point72 Asset Management
Point72 Asset Management
Connecticut
-$8.31M
3
SCM
SeaStone Capital Management
New York
-$7.19M
4
PAS
Point72 Asia (Singapore)
Singapore
-$6.31M
5
Millennium Management
Millennium Management
New York
-$6.02M
Name Holding Trade Value Shares
Change 		Change in
Stake
CRC
26
Curi RMB Capital
Illinois
$3.06M +$395K +68,714 +13%
KCM
27
Kennedy Capital Management
Missouri
$3.05M -$40.2K -6,984 -1%
Deutsche Bank
28
Deutsche Bank
Germany
$2.81M +$3.04M +529,439 +4,261%
JP Morgan Chase
29
JP Morgan Chase
New York
$2.62M +$402K +69,985 +16%
RS
30
Robeco Schweiz
Switzerland
$2.48M – – –
Norges Bank
31
Norges Bank
Norway
$2.36M +$1.15M +200,200 +79%
Natixis Advisors
32
Natixis Advisors
Massachusetts
$2.24M -$432K -75,104 -15%
BIM
33
BlackRock Investment Management
Delaware
$2.04M -$29.5K -5,127 -1%
Millennium Management
34
Millennium Management
New York
$2M -$6.02M -1,046,816 -73%
VAM
35
Visium Asset Management
New York
$1.99M -$4.04M -703,522 -65%
Northern Trust
36
Northern Trust
Illinois
$1.96M +$1.86M +322,850 New
SEI Investments
37
SEI Investments
Pennsylvania
$1.84M +$692K +120,339 +51%
LKIM
38
Lawson Kroeker Investment Management
Nebraska
$1.82M -$9.34K -1,625 -0.5%
SCM
39
Sabal Capital Management
California
$1.8M +$258K +44,801 +15%
MFWM
40
Motley Fool Wealth Management
Virginia
$1.8M +$191K +33,208 +11%
NFA
41
Nationwide Fund Advisors
Ohio
$1.67M – – –
MFAM
42
Motley Fool Asset Management
Virginia
$1.63M +$316K +55,000 +21%
CC
43
Caspian Capital
New York
$1.46M +$1.62M +281,530 New
SRF
44
Silver Rock Financial
California
$1.45M – – –
ARTA
45
A.R.T. Advisors
New York
$1.34M +$1.48M +257,567 New
SIM
46
Spark Investment Management
New York
$1.3M +$1.44M +250,200 New
Bank of Montreal
47
Bank of Montreal
Ontario, Canada
$964K +$157K +27,295 +17%
BIM
48
Bogle Investment Management
Massachusetts
$963K -$4.39M -762,744 -80%
BIT
49
BlackRock Institutional Trust
California
$932K +$30.1K +5,240 +3%
PPA
50
Parametric Portfolio Associates
Washington
$913K -$416K -72,341 -29%
1
2
3 4 5

CSTM Hedge Fund Activity: Q1 2016 in Review

116 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Constellium (CSTM) for Q1 2016, worth a combined $389M — down 37% from $613M a quarter earlier.

Buyers outnumbered sellers: 23 funds opened new CSTM positions and 21 closed out — a net gain of 2 holders — while 38 added to existing stakes and 43 trimmed.

The largest buyer was MAK Capital One, opening a new position worth an estimated $8.48M. The largest seller was Rubric Capital Management (Connecticut), exiting entirely with an estimated $32.8M sold.

  • 116 institutional investors held Constellium (CSTM) as of Q1 2016, up from 114 in Q4 2015.
  • Funds reported $389M of Constellium stock for Q1 2016, down 37% quarter-over-quarter.
  • 23 funds opened new Constellium positions in Q1 2016 and 21 closed out, a net change of +2 holders.
  • The largest Constellium buyer in Q1 2016 was MAK Capital One, an estimated $8.48M added.
  • The largest Constellium seller in Q1 2016 was Rubric Capital Management (Connecticut), an estimated $32.8M sold.

Based on aggregated 13F filings for Q1 2016.