Constellium
CSTM
119 hedge funds and large institutions have $1.31B invested in Constellium in 2014 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 46 increasing their positions, 48 reducing their positions, and 54 closing their positions.
72% more call options, than puts
Call options by funds: $8.36M | Put options by funds: $4.86M
4% less repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 48
3.94% less ownership
Funds ownership: 79.98% → 76.03% (-3.9%)
25% less funds holding
Funds holding: 158 → 119 (-39)
37% less capital invested
Capital invested by funds: $2.07B → $1.31B (-$755M)
67% less first-time investments, than exits
New positions opened: 18 | Existing positions closed: 54
100% less funds holding in top 10
Funds holding in top 10: 5 → 0 (-5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$113M |
| 2 |
Adage Capital Partners
Boston,
Massachusetts
|
+$96M |
| 3 |
PRCM
Pine River Capital Management
Minnetonka,
Minnesota
|
+$48.9M |
| 4 |
Primecap Management
Pasadena,
California
|
+$38M |
| 5 |
BA
BlackRock Advisors
Wilmington,
Delaware
|
+$27.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP
Jana Partners
New York
|
-$112M |
| 2 |
American Century Companies
Kansas City,
Missouri
|
-$64.1M |
| 3 |
HHC
Hutchin Hill Capital
New York
|
-$50.5M |
| 4 |
SAM
Steinberg Asset Management
New York
|
-$44.3M |
| 5 |
Acadian Asset Management
Boston,
Massachusetts
|
-$41M |
CSTM Hedge Fund Activity: Q4 2014 in Review
119 of the 3,765 institutional investors tracked by Wall St. Rank reported a position in Constellium (CSTM) for Q4 2014, worth a combined $1.31B — down 37% from $2.07B a quarter earlier.
Sellers outnumbered buyers: 54 funds closed out of CSTM and 18 opened new positions — a net loss of 36 holders — while 48 trimmed existing stakes and 46 added.
The largest buyer was Wellington Management Group, adding an estimated $113M. The largest seller was Jana Partners, exiting entirely with an estimated $112M sold.
- 119 institutional investors held Constellium (CSTM) as of Q4 2014, down from 158 in Q3 2014.
- Funds reported $1.31B of Constellium stock for Q4 2014, down 37% quarter-over-quarter.
- 18 funds opened new Constellium positions in Q4 2014 and 54 closed out, a net change of -36 holders.
- The largest Constellium buyer in Q4 2014 was Wellington Management Group, an estimated $113M added.
- The largest Constellium seller in Q4 2014 was Jana Partners, an estimated $112M sold.
Based on aggregated 13F filings for Q4 2014.