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MTCN

ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX)
MTCN

Delisted

MTCN was delisted on the 8th of January, 2016.

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47 hedge funds and large institutions have $1.15B invested in ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) in 2013 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 17 increasing their positions, 14 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

24% more capital invested

Capital invested by funds: $929M → $1.15B (+$220M)

21% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 14

4% less funds holding

Funds holding: 49 → 47 (-2)

20% less funds holding in top 10

Funds holding in top 10: 5 → 4 (-1)

20% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 10

Holders
47
Holders Change
-2
Holders Change %
-4.08%
% of All Funds
1.52%
Holding in Top 10
4
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-20%
% of All Funds
0.13%
New
8
Increased
17
Reduced
14
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SC
Sculptor Capital
New York
+$27.7M
2
Loomis, Sayles & Company
Loomis, Sayles & Company
Massachusetts
+$24.3M
3
Invesco
Invesco
Georgia
+$16M
4
PG
PEAK6 Group
Illinois
+$15.8M
5
GI
GLG Inc
New York
+$4.22M

Top Sellers

Rank Fund Capital Flow
1
BPGAM
BTG Pactual Global Asset Management
Bermuda
-$46.5M
2
Franklin Resources
Franklin Resources
California
-$42.2M
3
Goldman Sachs
Goldman Sachs
New York
-$19.3M
4
Bank of America
Bank of America
North Carolina
-$17.6M
5
BFA
BlackRock Fund Advisors
California
-$15.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
T. Rowe Price Associates
26
T. Rowe Price Associates
Maryland
$10.6M +$370K +17,498 +4%
WRF
27
Waddell & Reed Financial
Kansas
$9.19M +$3.95M +187,043 +78%
Royal Bank of Canada
28
Royal Bank of Canada
Ontario, Canada
$8.19M – – –
JCM
29
JD Capital Management
Connecticut
$7.53M -$1.9M -90,000 -20%
EIA
30
Edgemoor Investment Advisors
Maryland
$7.5M +$867K +41,066 +13%
U
31
UBS
Switzerland
$7.49M -$4.21M -199,527 -36%
VanEck Associates
32
VanEck Associates
New York
$7.19M -$759K -35,943 -10%
CS
33
Credit Suisse
Switzerland
$7.11M +$3.72M +175,987 +114%
Lord, Abbett & Co
34
Lord, Abbett & Co
New Jersey
$6.97M -$2.32M -110,090 -25%
Barclays
35
Barclays
United Kingdom
$6.49M -$8.61M -407,501 -57%
SIM
36
SSI Investment Management
California
$6.02M +$634K +30,000 +12%
Wells Fargo
37
Wells Fargo
California
$4.52M +$3.32M +156,994 +295%
AllianceBernstein
38
AllianceBernstein
Tennessee
$4.3M – – –
GI
39
GLG Inc
New York
$4.3M +$4.22M +200,000 New
TCA
40
Taconic Capital Advisors
New York
$3.45M – – –
GXMC
41
Global X Management Company
New York
$3.45M +$1.43M +67,791 +73%
FCM
42
Ferox Capital Management
United Kingdom
$2.81M +$2.7M +128,000 New
HighTower Advisors
43
HighTower Advisors
Illinois
$2.69M -$39K -1,845 -1%
ACMI
44
Amida Capital Management II
New York
$2.36M +$1.69M +80,000 +267%
SCMF
45
Sage Capital Management (Florida)
Florida
$1.59M – – –
Citigroup
46
Citigroup
New York
$1.11M -$665K -31,482 -38%
GBM
47
Grace Brothers Management
Illinois
$860K – – –
MAA
48
Managed Account Advisors
New Jersey
$502K +$120K +5,675 +32%
CA
49
Corrado Advisors
New Jersey
$430K +$422K +20,000 New
N
50
Natixis
France
$387K – – –
1
2
3

MTCN Hedge Fund Activity: Q3 2013 in Review

47 of the 3,085 institutional investors tracked by Wall St. Rank reported a position in ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) (MTCN) for Q3 2013, worth a combined $1.15B — up 24% from $929M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of MTCN and 8 opened new positions — a net loss of 2 holders — while 14 trimmed existing stakes and 17 added.

The largest buyer was Sculptor Capital, adding an estimated $27.7M. The largest seller was BTG Pactual Global Asset Management, exiting entirely with an estimated $46.5M sold.

  • 47 institutional investors held ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) (MTCN) as of Q3 2013, down from 49 in Q2 2013.
  • Funds reported $1.15B of ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) stock for Q3 2013, up 24% quarter-over-quarter.
  • 8 funds opened new ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) positions in Q3 2013 and 10 closed out, a net change of -2 holders.
  • The largest ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) buyer in Q3 2013 was Sculptor Capital, an estimated $27.7M added.
  • The largest ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) seller in Q3 2013 was BTG Pactual Global Asset Management, an estimated $46.5M sold.

Based on aggregated 13F filings for Q3 2013.