Constellium
CSTM
90 hedge funds and large institutions have $1.1B invested in Constellium in 2013 Q4 according to their latest regulatory filings, with 39 funds opening new positions, 36 increasing their positions, 13 reducing their positions, and 10 closing their positions.
290% more first-time investments, than exits
New positions opened: 39 | Existing positions closed: 10
250% more funds holding in top 10
Funds holding in top 10: 2 → 7 (+5)
206% more capital invested
Capital invested by funds: $359M → $1.1B (+$738M)
177% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 13
48% more funds holding
Funds holding: 61 → 90 (+29)
28.31% more ownership
Funds ownership: 17.61% → 45.92% (+28%)
57% less call options, than puts
Call options by funds: $1.14M | Put options by funds: $2.67M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OTPPB
Ontario Teachers' Pension Plan Board
Toronto,
Ontario, Canada
|
+$159M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$61M |
| 3 |
ACG
Anchorage Capital Group
New York
|
+$43.1M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$42.8M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
+$28.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$9.94M |
| 2 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
-$6.34M |
| 3 |
TI
Turner Investments
Berwyn,
Pennsylvania
|
-$3.89M |
| 4 |
NCM
Newland Capital Management
New York
|
-$2.88M |
| 5 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
-$2.15M |
CSTM Hedge Fund Activity: Q4 2013 in Review
90 of the 3,459 institutional investors tracked by Wall St. Rank reported a position in Constellium (CSTM) for Q4 2013, worth a combined $1.1B — up 206% from $359M a quarter earlier.
Buyers outnumbered sellers: 39 funds opened new CSTM positions and 10 closed out — a net gain of 29 holders — while 36 added to existing stakes and 13 trimmed.
The largest buyer was Ontario Teachers' Pension Plan Board, opening a new position worth an estimated $159M. The largest seller was Driehaus Capital Management, exiting entirely with an estimated $9.94M sold.
- 90 institutional investors held Constellium (CSTM) as of Q4 2013, up from 61 in Q3 2013.
- Funds reported $1.1B of Constellium stock for Q4 2013, up 206% quarter-over-quarter.
- 39 funds opened new Constellium positions in Q4 2013 and 10 closed out, a net change of +29 holders.
- The largest Constellium buyer in Q4 2013 was Ontario Teachers' Pension Plan Board, an estimated $159M added.
- The largest Constellium seller in Q4 2013 was Driehaus Capital Management, an estimated $9.94M sold.
Based on aggregated 13F filings for Q4 2013.