Constellium
CSTM
108 hedge funds and large institutions have $344M invested in Constellium in 2016 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 31 increasing their positions, 49 reducing their positions, and 20 closing their positions.
40% more funds holding in top 10
Funds holding in top 10: 5 → 7 (+2)
38% more call options, than puts
Call options by funds: $847K | Put options by funds: $613K
2.89% less ownership
Funds ownership: 71.48% → 68.59% (-2.9%)
8% less funds holding
Funds holding: 117 → 108 (-9)
12% less capital invested
Capital invested by funds: $389M → $344M (-$45.6M)
37% less repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 49
40% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 20
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WIM
Wingspan Investment Management
New York
|
+$7.68M |
| 2 |
D.E. Shaw & Co
New York
|
+$6.38M |
| 3 |
Morgan Stanley
New York
|
+$6.02M |
| 4 |
SPCM
Sound Point Capital Management
New York
|
+$4.23M |
| 5 |
CCM
Concourse Capital Management
Atlanta,
Georgia
|
+$3.49M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PRCM
Pine River Capital Management
Minnetonka,
Minnesota
|
-$5.15M |
| 2 |
Adage Capital Partners
Boston,
Massachusetts
|
-$3.93M |
| 3 |
BA
BlackRock Advisors
Wilmington,
Delaware
|
-$3.74M |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$3.69M |
| 5 |
O
OppenheimerFunds
New York
|
-$3.56M |
CSTM Hedge Fund Activity: Q2 2016 in Review
108 of the 3,756 institutional investors tracked by Wall St. Rank reported a position in Constellium (CSTM) for Q2 2016, worth a combined $344M — down 12% from $389M a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of CSTM and 12 opened new positions — a net loss of 8 holders — while 49 trimmed existing stakes and 31 added.
The largest buyer was Wingspan Investment Management, opening a new position worth an estimated $7.68M. The largest seller was Pine River Capital Management, cutting an estimated $5.15M.
- 108 institutional investors held Constellium (CSTM) as of Q2 2016, down from 117 in Q1 2016.
- Funds reported $344M of Constellium stock for Q2 2016, down 12% quarter-over-quarter.
- 12 funds opened new Constellium positions in Q2 2016 and 20 closed out, a net change of -8 holders.
- The largest Constellium buyer in Q2 2016 was Wingspan Investment Management, an estimated $7.68M added.
- The largest Constellium seller in Q2 2016 was Pine River Capital Management, an estimated $5.15M sold.
Based on aggregated 13F filings for Q2 2016.