Constellium
CSTM
117 hedge funds and large institutions have $389M invested in Constellium in 2016 Q1 according to their latest regulatory filings, with 23 funds opening new positions, 40 increasing their positions, 42 reducing their positions, and 20 closing their positions.
15% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 20
3% more funds holding
Funds holding: 114 → 117 (+3)
5% less repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 42
10% less call options, than puts
Call options by funds: $733K | Put options by funds: $811K
4.34% less ownership
Funds ownership: 75.82% → 71.48% (-4.3%)
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
37% less capital invested
Capital invested by funds: $613M → $389M (-$224M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCO
MAK Capital One
New York
|
+$8.48M |
| 2 |
D.E. Shaw & Co
New York
|
+$6.99M |
| 3 |
CC
CQS Cayman
Camana Bay, Grand Cayman,
Cayman Islands
|
+$6.38M |
| 4 |
SCM
SkyTop Capital Management
Rutherford,
New Jersey
|
+$6.32M |
| 5 |
Renaissance Technologies
New York
|
+$4.06M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCMC
Rubric Capital Management (Connecticut)
Stamford,
Connecticut
|
-$32.8M |
| 2 |
Point72 Asset Management
Stamford,
Connecticut
|
-$8.31M |
| 3 |
SCM
SeaStone Capital Management
New York
|
-$7.19M |
| 4 |
PAS
Point72 Asia (Singapore)
Singapore
|
-$6.31M |
| 5 |
Millennium Management
New York
|
-$6.02M |
CSTM Hedge Fund Activity: Q1 2016 in Review
117 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in Constellium (CSTM) for Q1 2016, worth a combined $389M — down 37% from $613M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new CSTM positions and 20 closed out — a net gain of 3 holders — while 40 added to existing stakes and 42 trimmed.
The largest buyer was MAK Capital One, opening a new position worth an estimated $8.48M. The largest seller was Rubric Capital Management (Connecticut), exiting entirely with an estimated $32.8M sold.
- 117 institutional investors held Constellium (CSTM) as of Q1 2016, up from 114 in Q4 2015.
- Funds reported $389M of Constellium stock for Q1 2016, down 37% quarter-over-quarter.
- 23 funds opened new Constellium positions in Q1 2016 and 20 closed out, a net change of +3 holders.
- The largest Constellium buyer in Q1 2016 was MAK Capital One, an estimated $8.48M added.
- The largest Constellium seller in Q1 2016 was Rubric Capital Management (Connecticut), an estimated $32.8M sold.
Based on aggregated 13F filings for Q1 2016.