Constellium
CSTM
114 hedge funds and large institutions have $613M invested in Constellium in 2015 Q4 according to their latest regulatory filings, with 33 funds opening new positions, 36 increasing their positions, 36 reducing their positions, and 24 closing their positions.
500% more funds holding in top 10
Funds holding in top 10: 1 → 6 (+5)
187% more call options, than puts
Call options by funds: $4.84M | Put options by funds: $1.69M
38% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 24
23% more capital invested
Capital invested by funds: $499M → $613M (+$114M)
9% more funds holding
Funds holding: 105 → 114 (+9)
0% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 36
2.68% less ownership
Funds ownership: 78.5% → 75.82% (-2.7%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
+$12.4M |
| 2 |
BPM
Bronson Point Management
Fairfield,
Connecticut
|
+$11.5M |
| 3 |
RCMC
Rubric Capital Management (Connecticut)
Stamford,
Connecticut
|
+$11.5M |
| 4 |
Millennium Management
New York
|
+$9.99M |
| 5 |
BC
Beaconlight Capital
New York
|
+$9.72M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OTPPB
Ontario Teachers' Pension Plan Board
Toronto,
Ontario, Canada
|
-$47M |
| 2 |
D.E. Shaw & Co
New York
|
-$11.7M |
| 3 |
Caisse de Depot et Placement du Quebec (CDPQ)
Montreal,
Quebec, Canada
|
-$11.3M |
| 4 |
BA
BlackRock Advisors
Wilmington,
Delaware
|
-$9.04M |
| 5 |
PRCM
Pine River Capital Management
Minnetonka,
Minnesota
|
-$7.53M |
CSTM Hedge Fund Activity: Q4 2015 in Review
114 of the 3,824 institutional investors tracked by Wall St. Rank reported a position in Constellium (CSTM) for Q4 2015, worth a combined $613M — up 23% from $499M a quarter earlier.
Buyers outnumbered sellers: 33 funds opened new CSTM positions and 24 closed out — a net gain of 9 holders — while 36 added to existing stakes and 36 trimmed.
The largest buyer was Vaughan Nelson Investment Management, adding an estimated $12.4M. The largest seller was Ontario Teachers' Pension Plan Board, exiting entirely with an estimated $47M sold.
- 114 institutional investors held Constellium (CSTM) as of Q4 2015, up from 105 in Q3 2015.
- Funds reported $613M of Constellium stock for Q4 2015, up 23% quarter-over-quarter.
- 33 funds opened new Constellium positions in Q4 2015 and 24 closed out, a net change of +9 holders.
- The largest Constellium buyer in Q4 2015 was Vaughan Nelson Investment Management, an estimated $12.4M added.
- The largest Constellium seller in Q4 2015 was Ontario Teachers' Pension Plan Board, an estimated $47M sold.
Based on aggregated 13F filings for Q4 2015.