Constellium
CSTM
165 hedge funds and large institutions have $2.65B invested in Constellium in 2014 Q2 according to their latest regulatory filings, with 41 funds opening new positions, 49 increasing their positions, 66 reducing their positions, and 27 closing their positions.
52% more first-time investments, than exits
New positions opened: 41 | Existing positions closed: 27
9% more funds holding
Funds holding: 151 → 165 (+14)
7% more capital invested
Capital invested by funds: $2.47B → $2.65B (+$181M)
1% less call options, than puts
Call options by funds: $13.7M | Put options by funds: $13.8M
1.4% less ownership
Funds ownership: 80.74% → 79.34% (-1.4%)
20% less funds holding in top 10
Funds holding in top 10: 10 → 8 (-2)
26% less repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 66
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$109M |
| 2 |
BA
BlackRock Advisors
Wilmington,
Delaware
|
+$72.5M |
| 3 |
D.E. Shaw & Co
New York
|
+$36M |
| 4 |
Acadian Asset Management
Boston,
Massachusetts
|
+$27.9M |
| 5 |
Alkeon Capital Management
New York
|
+$22.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$62.8M |
| 2 |
YCMGA
York Capital Management Global Advisors
New York
|
-$53.9M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$43.5M |
| 4 |
OTPPB
Ontario Teachers' Pension Plan Board
Toronto,
Ontario, Canada
|
-$38.4M |
| 5 |
LOAMU
Lombard Odier Asset Management (USA)
New York
|
-$33.1M |
CSTM Hedge Fund Activity: Q2 2014 in Review
165 of the 3,491 institutional investors tracked by Wall St. Rank reported a position in Constellium (CSTM) for Q2 2014, worth a combined $2.65B — up 7.4% from $2.47B a quarter earlier.
Buyers outnumbered sellers: 41 funds opened new CSTM positions and 27 closed out — a net gain of 14 holders — while 49 added to existing stakes and 66 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $109M. The largest seller was Wellington Management Group, cutting an estimated $62.8M.
- 165 institutional investors held Constellium (CSTM) as of Q2 2014, up from 151 in Q1 2014.
- Funds reported $2.65B of Constellium stock for Q2 2014, up 7.4% quarter-over-quarter.
- 41 funds opened new Constellium positions in Q2 2014 and 27 closed out, a net change of +14 holders.
- The largest Constellium buyer in Q2 2014 was Fidelity Investments, an estimated $109M added.
- The largest Constellium seller in Q2 2014 was Wellington Management Group, an estimated $62.8M sold.
Based on aggregated 13F filings for Q2 2014.