Constellium
CSTM
115 hedge funds and large institutions have $412M invested in Constellium in 2017 Q1 according to their latest regulatory filings, with 25 funds opening new positions, 33 increasing their positions, 42 reducing their positions, and 30 closing their positions.
5% more capital invested
Capital invested by funds: $391M → $412M (+$21.2M)
2.79% less ownership
Funds ownership: 62.78% → 59.99% (-2.8%)
8% less funds holding
Funds holding: 125 → 115 (-10)
14% less funds holding in top 10
Funds holding in top 10: 7 → 6 (-1)
16% less call options, than puts
Call options by funds: $1.27M | Put options by funds: $1.52M
17% less first-time investments, than exits
New positions opened: 25 | Existing positions closed: 30
21% less repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 42
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCA
Canyon Capital Advisors
Dallas,
Texas
|
+$21.6M |
| 2 |
PCM
Portolan Capital Management
Boston,
Massachusetts
|
+$11.1M |
| 3 |
YCMGA
York Capital Management Global Advisors
New York
|
+$8.57M |
| 4 |
RCMNY
Rubric Capital Management (New York)
New York
|
+$7.5M |
| 5 |
BGIM
Boussard & Gavaudan Investment Management
London,
United Kingdom
|
+$5.88M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Adage Capital Partners
Boston,
Massachusetts
|
-$16.1M |
| 2 |
NRC
North Run Capital
Boston,
Massachusetts
|
-$14M |
| 3 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
-$10.3M |
| 4 |
PRCM
Pine River Capital Management
Minnetonka,
Minnesota
|
-$9.77M |
| 5 |
AIM
Assured Investment Management
New York
|
-$6.09M |
CSTM Hedge Fund Activity: Q1 2017 in Review
115 of the 4,034 institutional investors tracked by Wall St. Rank reported a position in Constellium (CSTM) for Q1 2017, worth a combined $412M — up 5.4% from $391M a quarter earlier.
Sellers outnumbered buyers: 30 funds closed out of CSTM and 25 opened new positions — a net loss of 5 holders — while 42 trimmed existing stakes and 33 added.
The largest buyer was Canyon Capital Advisors, opening a new position worth an estimated $21.6M. The largest seller was Adage Capital Partners, cutting an estimated $16.1M.
- 115 institutional investors held Constellium (CSTM) as of Q1 2017, down from 125 in Q4 2016.
- Funds reported $412M of Constellium stock for Q1 2017, up 5.4% quarter-over-quarter.
- 25 funds opened new Constellium positions in Q1 2017 and 30 closed out, a net change of -5 holders.
- The largest Constellium buyer in Q1 2017 was Canyon Capital Advisors, an estimated $21.6M added.
- The largest Constellium seller in Q1 2017 was Adage Capital Partners, an estimated $16.1M sold.
Based on aggregated 13F filings for Q1 2017.