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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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46 hedge funds and large institutions have $1.39B invested in ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) in 2013 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 14 increasing their positions, 14 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more funds holding in top 10

Funds holding in top 10: 4 → 5 (+1)

21% more capital invested

Capital invested by funds: $1.15B → $1.39B (+$236M)

0% more repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 14

2% less funds holding

Funds holding: 47 → 46 (-1)

11% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 9

Holders
46
Holders Change
-1
Holders Change %
-2.13%
% of All Funds
1.33%
Holding in Top 10
5
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+25%
% of All Funds
0.15%
New
8
Increased
14
Reduced
14
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SC
Sculptor Capital
New York
+$23.2M
2
Bank of America
Bank of America
North Carolina
+$13.9M
3
Loomis, Sayles & Company
Loomis, Sayles & Company
Massachusetts
+$13.7M
4
Citadel Advisors
Citadel Advisors
Florida
+$9.75M
5
ICM
Ionic Capital Management
New York
+$9.71M

Top Sellers

Rank Fund Capital Flow
1
PG
PEAK6 Group
Illinois
-$18.3M
2
SCM
Saba Capital Management
New York
-$17.2M
3
Goldman Sachs
Goldman Sachs
New York
-$7.51M
4
BFA
BlackRock Fund Advisors
California
-$7.42M
5
AllianceBernstein
AllianceBernstein
Tennessee
-$4.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
CS
26
Credit Suisse
Switzerland
$10.3M +$1.63M +66,855 +20%
WRF
27
Waddell & Reed Financial
Kansas
$10.2M -$758K -31,078 -7%
EIA
28
Edgemoor Investment Advisors
Maryland
$9.46M +$363K +14,889 +4%
JCM
29
JD Capital Management
Connecticut
$9.03M – – –
VanEck Associates
30
VanEck Associates
New York
$8.43M -$250K -10,242 -3%
Lord, Abbett & Co
31
Lord, Abbett & Co
New Jersey
$8.19M -$227K -9,315 -3%
SIM
32
SSI Investment Management
California
$7.33M +$91.1K +3,735 +1%
U
33
UBS
Switzerland
$6.49M -$2.42M -99,289 -28%
Barclays
34
Barclays
United Kingdom
$5.45M -$2.42M -99,226 -32%
GP
35
GLG Partners
United Kingdom
$5.16M +$4.88M +200,000 New
WAMC
36
Western Asset Management Company
California
$5.13M +$4.88M +200,000 New
Susquehanna International Group
37
Susquehanna International Group
Pennsylvania
$4.55M +$4.27M +175,000 New
TCA
38
Taconic Capital Advisors
New York
$4.14M – – –
GXMC
39
Global X Management Company
New York
$3.93M -$228K -9,359 -6%
CL
40
CSS LLC
Illinois
$3.86M +$3.64M +149,482 New
HighTower Advisors
41
HighTower Advisors
Illinois
$3.32M +$66.8K +2,740 +2%
FCM
42
Ferox Capital Management
United Kingdom
$3.32M – – –
MSL
43
Mackay Shields LLC
New York
$2.6M +$2.44M +100,000 New
ACMI
44
Amida Capital Management II
New York
$2.21M -$610K -25,000 -23%
Wells Fargo
45
Wells Fargo
California
$1.52M -$3.7M -151,855 -72%
GBM
46
Grace Brothers Management
Illinois
$1.04M – – –
AA
47
Altegris Advisors
California
$884K – – –
MAA
48
Managed Account Advisors
New Jersey
$660K +$50.1K +2,053 +9%
CA
49
Corrado Advisors
New Jersey
$520K – – –
DADC
50
D.A. Davidson & Co
Montana
$431K – – –
1
2
3

MTCN Hedge Fund Activity: Q4 2013 in Review

46 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) (MTCN) for Q4 2013, worth a combined $1.39B — up 21% from $1.15B a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of MTCN and 8 opened new positions — a net loss of 1 holder — while 14 trimmed existing stakes and 14 added.

The largest buyer was Sculptor Capital, adding an estimated $23.2M. The largest seller was PEAK6 Group, cutting an estimated $18.3M.

  • 46 institutional investors held ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) (MTCN) as of Q4 2013, down from 47 in Q3 2013.
  • Funds reported $1.39B of ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) stock for Q4 2013, up 21% quarter-over-quarter.
  • 8 funds opened new ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) positions in Q4 2013 and 9 closed out, a net change of -1 holder.
  • The largest ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) buyer in Q4 2013 was Sculptor Capital, an estimated $23.2M added.
  • The largest ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) seller in Q4 2013 was PEAK6 Group, an estimated $18.3M sold.

Based on aggregated 13F filings for Q4 2013.