Constellium
CSTM
138 hedge funds and large institutions have $631M invested in Constellium in 2020 Q1 according to their latest regulatory filings, with 22 funds opening new positions, 62 increasing their positions, 39 reducing their positions, and 47 closing their positions.
543% more call options, than puts
Call options by funds: $7.71M | Put options by funds: $1.2M
59% more repeat investments, than reductions
Existing positions increased: 62 | Existing positions reduced: 39
3.49% less ownership
Funds ownership: 91.19% → 87.7% (-3.5%)
16% less funds holding
Funds holding: 165 → 138 (-27)
40% less funds holding in top 10
Funds holding in top 10: 20 → 12 (-8)
53% less first-time investments, than exits
New positions opened: 22 | Existing positions closed: 47
62% less capital invested
Capital invested by funds: $1.68B → $631M (-$1.05B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Janus Henderson Group
London,
United Kingdom
|
+$20.6M |
| 2 |
MWNA
Marshall Wace North America
New York
|
+$19.3M |
| 3 |
CC
Cannell & Co
New York
|
+$18.2M |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$16.7M |
| 5 |
SHCM
Sachem Head Capital Management
New York
|
+$16.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OAM
Oberweis Asset Management
Lisle,
Illinois
|
-$33.1M |
| 2 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$25.8M |
| 3 |
RCMNY
Rubric Capital Management (New York)
New York
|
-$23.2M |
| 4 |
Goldman Sachs
New York
|
-$21.4M |
| 5 |
Morgan Stanley
New York
|
-$21M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FMT
176
First Mercantile Trust
Cordova,
Tennessee
| – | -$167K | -12,483 | Closed |
|
|
FIA
177
FNY Investment Advisers
New York
| – | -$160K | -12,000 | Closed |
|
|
ASN
178
Advisory Services Network
Atlanta,
Georgia
| – | -$157K | -11,700 | Closed |
|
179
Wolverine Trading
Chicago,
Illinois
| – | -$121K | -11,299 | Closed |
|
|
AAP
180
Ardsley Advisory Partners
Stamford,
Connecticut
| – | -$148K | -11,000 | Closed |
|
181
Citigroup
New York
| – | -$114K | -8,500 | Closed |
|
|
NL
182
NKCFO LLC
Geneva,
Illinois
| – | -$27K | -2,000 | Closed |
|
183
AssetMark Inc
Concord,
California
| – | -$2K | -116 | Closed |
|
|
IA
184
IFP Advisors
Tampa,
Florida
| – | -$279 | -26 | Closed |
|
CSTM Hedge Fund Activity: Q1 2020 in Review
138 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Constellium (CSTM) for Q1 2020, worth a combined $631M — down 62% from $1.68B a quarter earlier.
Sellers outnumbered buyers: 47 funds closed out of CSTM and 22 opened new positions — a net loss of 25 holders — while 39 trimmed existing stakes and 62 added.
The largest buyer was Janus Henderson Group, adding an estimated $20.6M. The largest seller was Oberweis Asset Management, exiting entirely with an estimated $33.1M sold.
- 138 institutional investors held Constellium (CSTM) as of Q1 2020, down from 165 in Q4 2019.
- Funds reported $631M of Constellium stock for Q1 2020, down 62% quarter-over-quarter.
- 22 funds opened new Constellium positions in Q1 2020 and 47 closed out, a net change of -25 holders.
- The largest Constellium buyer in Q1 2020 was Janus Henderson Group, an estimated $20.6M added.
- The largest Constellium seller in Q1 2020 was Oberweis Asset Management, an estimated $33.1M sold.
Based on aggregated 13F filings for Q1 2020.