Constellium
CSTM
137 hedge funds and large institutions have $762M invested in Constellium in 2018 Q4 according to their latest regulatory filings, with 25 funds opening new positions, 53 increasing their positions, 41 reducing their positions, and 30 closing their positions.
316% more call options, than puts
Call options by funds: $578K | Put options by funds: $139K
29% more repeat investments, than reductions
Existing positions increased: 53 | Existing positions reduced: 41
12.47% more ownership
Funds ownership: 68.65% → 81.12% (+12%)
7% more funds holding in top 10
Funds holding in top 10: 15 → 16 (+1)
4% less funds holding
Funds holding: 143 → 137 (-6)
17% less first-time investments, than exits
New positions opened: 25 | Existing positions closed: 30
33% less capital invested
Capital invested by funds: $1.14B → $762M (-$379M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Adage Capital Partners
Boston,
Massachusetts
|
+$15M |
| 2 |
Marshall Wace
London,
United Kingdom
|
+$10.1M |
| 3 |
Janus Henderson Group
London,
|
+$7.35M |
| 4 |
NRC
North Run Capital
Boston,
Massachusetts
|
+$6.47M |
| 5 |
LOAMU
Lombard Odier Asset Management (USA)
New York
|
+$6.07M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GAM
Goldentree Asset Management
New York
|
-$21.1M |
| 2 |
CCI
Columbus Circle Investors
|
-$19.7M |
| 3 |
Morgan Stanley
New York
|
-$14.5M |
| 4 |
SPCM
Sound Point Capital Management
New York
|
-$14.3M |
| 5 |
AIM
Assured Investment Management
New York
|
-$13.1M |
CSTM Hedge Fund Activity: Q4 2018 in Review
137 of the 4,505 institutional investors tracked by Wall St. Rank reported a position in Constellium (CSTM) for Q4 2018, worth a combined $762M — down 33% from $1.14B a quarter earlier.
Sellers outnumbered buyers: 30 funds closed out of CSTM and 25 opened new positions — a net loss of 5 holders — while 41 trimmed existing stakes and 53 added.
The largest buyer was Adage Capital Partners, opening a new position worth an estimated $15M. The largest seller was Goldentree Asset Management, exiting entirely with an estimated $21.1M sold.
- 137 institutional investors held Constellium (CSTM) as of Q4 2018, down from 143 in Q3 2018.
- Funds reported $762M of Constellium stock for Q4 2018, down 33% quarter-over-quarter.
- 25 funds opened new Constellium positions in Q4 2018 and 30 closed out, a net change of -5 holders.
- The largest Constellium buyer in Q4 2018 was Adage Capital Partners, an estimated $15M added.
- The largest Constellium seller in Q4 2018 was Goldentree Asset Management, an estimated $21.1M sold.
Based on aggregated 13F filings for Q4 2018.