Constellium
CSTM
105 hedge funds and large institutions have $499M invested in Constellium in 2015 Q3 according to their latest regulatory filings, with 20 funds opening new positions, 47 increasing their positions, 31 reducing their positions, and 29 closing their positions.
139% more call options, than puts
Call options by funds: $7.49M | Put options by funds: $3.14M
52% more repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 31
0.46% less ownership
Funds ownership: 78.96% → 78.5% (-0.46%)
9% less funds holding
Funds holding: 115 → 105 (-10)
31% less first-time investments, than exits
New positions opened: 20 | Existing positions closed: 29
49% less capital invested
Capital invested by funds: $980M → $499M (-$481M)
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NRC
North Run Capital
Boston,
Massachusetts
|
+$24.7M |
| 2 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
+$24.4M |
| 3 |
Caisse de Depot et Placement du Quebec (CDPQ)
Montreal,
Quebec, Canada
|
+$15.6M |
| 4 |
RCMC
Rubric Capital Management (Connecticut)
Stamford,
Connecticut
|
+$11.7M |
| 5 |
CC
Carlson Capital
Dallas,
Texas
|
+$9.45M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$18.9M |
| 2 |
Millennium Management
New York
|
-$18.3M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$17.8M |
| 4 |
SCM
SeaStone Capital Management
New York
|
-$16.9M |
| 5 |
EA
Ecofin Advisors
London,
United Kingdom
|
-$9.37M |
CSTM Hedge Fund Activity: Q3 2015 in Review
105 of the 3,590 institutional investors tracked by Wall St. Rank reported a position in Constellium (CSTM) for Q3 2015, worth a combined $499M — down 49% from $980M a quarter earlier.
Sellers outnumbered buyers: 29 funds closed out of CSTM and 20 opened new positions — a net loss of 9 holders — while 31 trimmed existing stakes and 47 added.
The largest buyer was North Run Capital, adding an estimated $24.7M. The largest seller was Wellington Management Group, cutting an estimated $18.9M.
- 105 institutional investors held Constellium (CSTM) as of Q3 2015, down from 115 in Q2 2015.
- Funds reported $499M of Constellium stock for Q3 2015, down 49% quarter-over-quarter.
- 20 funds opened new Constellium positions in Q3 2015 and 29 closed out, a net change of -9 holders.
- The largest Constellium buyer in Q3 2015 was North Run Capital, an estimated $24.7M added.
- The largest Constellium seller in Q3 2015 was Wellington Management Group, an estimated $18.9M sold.
Based on aggregated 13F filings for Q3 2015.