Constellium
CSTM
61 hedge funds and large institutions have $359M invested in Constellium in 2013 Q3 according to their latest regulatory filings, with 27 funds opening new positions, 15 increasing their positions, 19 reducing their positions, and 14 closing their positions.
3,939% more call options, than puts
Call options by funds: $1.98M | Put options by funds: $49K
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
93% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 14
27% more funds holding
Funds holding: 48 → 61 (+13)
23% more capital invested
Capital invested by funds: $292M → $359M (+$66.6M)
0.16% less ownership
Funds ownership: 17.78% → 17.61% (-0.16%)
21% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
+$13.4M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$10.8M |
| 3 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
+$9.32M |
| 4 |
Acadian Asset Management
Boston,
Massachusetts
|
+$8.79M |
| 5 |
Jennison Associates
New York
|
+$7.48M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$16.7M |
| 2 |
Adage Capital Partners
Boston,
Massachusetts
|
-$11.5M |
| 3 |
AP
Alydar Partners
Boston,
Massachusetts
|
-$10.2M |
| 4 |
BPM
Bronson Point Management
Fairfield,
Connecticut
|
-$7.83M |
| 5 |
PG
PEAK6 Group
Chicago,
Illinois
|
-$7.49M |
CSTM Hedge Fund Activity: Q3 2013 in Review
61 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in Constellium (CSTM) for Q3 2013, worth a combined $359M — up 23% from $292M a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new CSTM positions and 14 closed out — a net gain of 13 holders — while 15 added to existing stakes and 19 trimmed.
The largest buyer was Vaughan Nelson Investment Management, opening a new position worth an estimated $13.4M. The largest seller was Citadel Advisors, cutting an estimated $16.7M.
- 61 institutional investors held Constellium (CSTM) as of Q3 2013, up from 48 in Q2 2013.
- Funds reported $359M of Constellium stock for Q3 2013, up 23% quarter-over-quarter.
- 27 funds opened new Constellium positions in Q3 2013 and 14 closed out, a net change of +13 holders.
- The largest Constellium buyer in Q3 2013 was Vaughan Nelson Investment Management, an estimated $13.4M added.
- The largest Constellium seller in Q3 2013 was Citadel Advisors, an estimated $16.7M sold.
Based on aggregated 13F filings for Q3 2013.