Constellium
CSTM
115 hedge funds and large institutions have $980M invested in Constellium in 2015 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 51 increasing their positions, 36 reducing their positions, and 20 closing their positions.
636% more call options, than puts
Call options by funds: $34.1M | Put options by funds: $4.64M
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
42% more repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 36
4.47% more ownership
Funds ownership: 74.49% → 78.96% (+4.5%)
5% less funds holding
Funds holding: 121 → 115 (-6)
25% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 20
38% less capital invested
Capital invested by funds: $1.59B → $980M (-$609M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NRC
North Run Capital
Boston,
Massachusetts
|
+$67.3M |
| 2 |
Adage Capital Partners
Boston,
Massachusetts
|
+$43.6M |
| 3 |
RCMC
Rubric Capital Management (Connecticut)
Stamford,
Connecticut
|
+$19.1M |
| 4 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
+$18M |
| 5 |
JP Morgan Chase
New York
|
+$15.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$41.3M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$27.9M |
| 3 |
TI
Tyrian Investments
New York
|
-$19.5M |
| 4 |
Jennison Associates
New York
|
-$13.6M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
-$12M |
CSTM Hedge Fund Activity: Q2 2015 in Review
115 of the 3,730 institutional investors tracked by Wall St. Rank reported a position in Constellium (CSTM) for Q2 2015, worth a combined $980M — down 38% from $1.59B a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of CSTM and 15 opened new positions — a net loss of 5 holders — while 36 trimmed existing stakes and 51 added.
The largest buyer was North Run Capital, opening a new position worth an estimated $67.3M. The largest seller was Wellington Management Group, cutting an estimated $41.3M.
- 115 institutional investors held Constellium (CSTM) as of Q2 2015, down from 121 in Q1 2015.
- Funds reported $980M of Constellium stock for Q2 2015, down 38% quarter-over-quarter.
- 15 funds opened new Constellium positions in Q2 2015 and 20 closed out, a net change of -5 holders.
- The largest Constellium buyer in Q2 2015 was North Run Capital, an estimated $67.3M added.
- The largest Constellium seller in Q2 2015 was Wellington Management Group, an estimated $41.3M sold.
Based on aggregated 13F filings for Q2 2015.