Constellium
CSTM
125 hedge funds and large institutions have $391M invested in Constellium in 2016 Q4 according to their latest regulatory filings, with 31 funds opening new positions, 42 increasing their positions, 39 reducing their positions, and 14 closing their positions.
121% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 14
16% more funds holding
Funds holding: 108 → 125 (+17)
8% more repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 39
0% more funds holding in top 10
Funds holding in top 10: 7 → 7 (0)
2.37% less ownership
Funds ownership: 65.16% → 62.78% (-2.4%)
21% less capital invested
Capital invested by funds: $493M → $391M (-$102M)
29% less call options, than puts
Call options by funds: $1.56M | Put options by funds: $2.19M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIM
Spark Investment Management
New York
|
+$4.99M |
| 2 |
BCC
Bain Capital Credit
Boston,
Massachusetts
|
+$3.69M |
| 3 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
+$3.57M |
| 4 |
BPM
Bronson Point Management
Fairfield,
Connecticut
|
+$3.48M |
| 5 |
CC
Clearline Capital
New York
|
+$3.46M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NRC
North Run Capital
Boston,
Massachusetts
|
-$7.73M |
| 2 |
BC
Beaconlight Capital
New York
|
-$5.98M |
| 3 |
Adage Capital Partners
Boston,
Massachusetts
|
-$4.43M |
| 4 |
Norges Bank
Oslo,
Norway
|
-$3.65M |
| 5 |
Jennison Associates
New York
|
-$3.53M |
CSTM Hedge Fund Activity: Q4 2016 in Review
125 of the 4,008 institutional investors tracked by Wall St. Rank reported a position in Constellium (CSTM) for Q4 2016, worth a combined $391M — down 21% from $493M a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new CSTM positions and 14 closed out — a net gain of 17 holders — while 42 added to existing stakes and 39 trimmed.
The largest buyer was Spark Investment Management, opening a new position worth an estimated $4.99M. The largest seller was North Run Capital, cutting an estimated $7.73M.
- 125 institutional investors held Constellium (CSTM) as of Q4 2016, up from 108 in Q3 2016.
- Funds reported $391M of Constellium stock for Q4 2016, down 21% quarter-over-quarter.
- 31 funds opened new Constellium positions in Q4 2016 and 14 closed out, a net change of +17 holders.
- The largest Constellium buyer in Q4 2016 was Spark Investment Management, an estimated $4.99M added.
- The largest Constellium seller in Q4 2016 was North Run Capital, an estimated $7.73M sold.
Based on aggregated 13F filings for Q4 2016.