ArcelorMittal
125 hedge funds and large institutions have $380M invested in ArcelorMittal in 2019 Q3 according to their latest regulatory filings, with 21 funds opening new positions, 42 increasing their positions, 37 reducing their positions, and 38 closing their positions.
14% more repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 37
0.03% more ownership
Funds ownership: 2.6% → 2.62% (+0.03%)
12% less funds holding
Funds holding: 142 → 125 (-17)
20% less capital invested
Capital invested by funds: $476M → $380M (-$96.4M)
45% less first-time investments, than exits
New positions opened: 21 | Existing positions closed: 38
64% less call options, than puts
Call options by funds: $41.3M | Put options by funds: $116M
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
+$54.3M |
| 2 |
Millennium Management
New York
|
+$8.81M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$8.51M |
| 4 |
Goldman Sachs
New York
|
+$8.1M |
| 5 |
ECA
Encompass Capital Advisors
New York
|
+$6.14M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Highline Capital Management
New York
|
-$56.1M |
| 2 |
LM
Luminus Management
Houston,
Texas
|
-$38.1M |
| 3 |
JP Morgan Chase
New York
|
-$8M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
-$7.62M |
| 5 |
Point72 Asset Management
Stamford,
Connecticut
|
-$3.96M |
MT Hedge Fund Activity: Q3 2019 in Review
125 of the 4,574 institutional investors tracked by Wall St. Rank reported a position in ArcelorMittal (MT) for Q3 2019, worth a combined $380M — down 20% from $476M a quarter earlier.
Sellers outnumbered buyers: 38 funds closed out of MT and 21 opened new positions — a net loss of 17 holders — while 37 trimmed existing stakes and 42 added.
The largest buyer was Renaissance Technologies, adding an estimated $54.3M. The largest seller was Highline Capital Management, exiting entirely with an estimated $56.1M sold.
- 125 institutional investors held ArcelorMittal (MT) as of Q3 2019, down from 142 in Q2 2019.
- Funds reported $380M of ArcelorMittal stock for Q3 2019, down 20% quarter-over-quarter.
- 21 funds opened new ArcelorMittal positions in Q3 2019 and 38 closed out, a net change of -17 holders.
- The largest ArcelorMittal buyer in Q3 2019 was Renaissance Technologies, an estimated $54.3M added.
- The largest ArcelorMittal seller in Q3 2019 was Highline Capital Management, an estimated $56.1M sold.
Based on aggregated 13F filings for Q3 2019.