Constellium
CSTM
136 hedge funds and large institutions have $607M invested in Constellium in 2017 Q3 according to their latest regulatory filings, with 35 funds opening new positions, 40 increasing their positions, 43 reducing their positions, and 16 closing their positions.
119% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 16
47% more capital invested
Capital invested by funds: $413M → $607M (+$194M)
20% more funds holding in top 10
Funds holding in top 10: 5 → 6 (+1)
15% more funds holding
Funds holding: 118 → 136 (+18)
15% more call options, than puts
Call options by funds: $3.73M | Put options by funds: $3.24M
0.6% less ownership
Funds ownership: 56.68% → 56.08% (-0.6%)
7% less repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 43
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KCM
Kingdon Capital Management
New York
|
+$17.2M |
| 2 |
YCMGA
York Capital Management Global Advisors
New York
|
+$16.5M |
| 3 |
GL
Governors Lane
New York
|
+$10.9M |
| 4 |
Morgan Stanley
New York
|
+$9.26M |
| 5 |
Two Sigma Investments
New York
|
+$7.57M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
D.E. Shaw & Co
New York
|
-$26.3M |
| 2 |
Jennison Associates
New York
|
-$17.1M |
| 3 |
Adage Capital Partners
Boston,
Massachusetts
|
-$12M |
| 4 |
CCA
Canyon Capital Advisors
Dallas,
Texas
|
-$11.2M |
| 5 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
-$10.6M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
151
Walleye Trading
New York
| – | -$5 | -700 | Closed |
|
CSTM Hedge Fund Activity: Q3 2017 in Review
136 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Constellium (CSTM) for Q3 2017, worth a combined $607M — up 47% from $413M a quarter earlier.
Buyers outnumbered sellers: 35 funds opened new CSTM positions and 16 closed out — a net gain of 19 holders — while 40 added to existing stakes and 43 trimmed.
The largest buyer was Kingdon Capital Management, opening a new position worth an estimated $17.2M. The largest seller was D.E. Shaw & Co, cutting an estimated $26.3M.
- 136 institutional investors held Constellium (CSTM) as of Q3 2017, up from 118 in Q2 2017.
- Funds reported $607M of Constellium stock for Q3 2017, up 47% quarter-over-quarter.
- 35 funds opened new Constellium positions in Q3 2017 and 16 closed out, a net change of +19 holders.
- The largest Constellium buyer in Q3 2017 was Kingdon Capital Management, an estimated $17.2M added.
- The largest Constellium seller in Q3 2017 was D.E. Shaw & Co, an estimated $26.3M sold.
Based on aggregated 13F filings for Q3 2017.