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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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50 hedge funds and large institutions have $1.28B invested in ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) in 2014 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 13 increasing their positions, 16 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

80% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 5

9% more funds holding

Funds holding: 46 → 50 (+4)

7% less capital invested

Capital invested by funds: $1.39B → $1.28B (-$103M)

19% less repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 16

20% less funds holding in top 10

Funds holding in top 10: 5 → 4 (-1)

Holders
50
Holders Change
+4
Holders Change %
+8.7%
% of All Funds
1.44%
Holding in Top 10
4
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-20%
% of All Funds
0.12%
New
9
Increased
13
Reduced
16
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Franklin Resources
Franklin Resources
California
+$54.6M
2
CAM
Camden Asset Management
California
+$39.4M
3
Loomis, Sayles & Company
Loomis, Sayles & Company
Massachusetts
+$36.2M
4
BG
BlackRock Group
United Kingdom
+$30M
5
MSL
Mackay Shields LLC
New York
+$19.6M

Top Sellers

Rank Fund Capital Flow
1
Invesco
Invesco
Georgia
-$20.7M
2
GH
GAM Holding
Switzerland
-$20M
3
JP Morgan Chase
JP Morgan Chase
New York
-$18.5M
4
PG
PEAK6 Group
Illinois
-$13.4M
5
PI
Putnam Investments
Massachusetts
-$12.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
EIA
26
Edgemoor Investment Advisors
Maryland
$9.35M +$633K +26,050 +7%
VanEck Associates
27
VanEck Associates
New York
$8.96M +$1.19M +49,110 +15%
JCM
28
JD Capital Management
Connecticut
$8.35M – – –
Lord, Abbett & Co
29
Lord, Abbett & Co
New Jersey
$7.55M – – –
U
30
UBS
Switzerland
$6.91M +$940K +38,733 +16%
PI
31
Putnam Investments
Massachusetts
$6.41M -$12.4M -511,570 -66%
SIM
32
SSI Investment Management
California
$6.03M -$772K -31,785 -11%
PG
33
PEAK6 Group
Illinois
$4.8M -$13.4M -550,000 -73%
GP
34
GLG Partners
United Kingdom
$4.78M – – –
Royal Bank of Canada
35
Royal Bank of Canada
Ontario, Canada
$4.77M – – –
WAMC
36
Western Asset Management Company
California
$4.7M – – –
GXMC
37
Global X Management Company
New York
$4.67M +$1.06M +43,684 +29%
BIM
38
BlackRock Investment Management
Delaware
$3.93M +$3.98M +163,800 New
FCM
39
Ferox Capital Management
United Kingdom
$3.7M -$3.11M -128,000 Closed
HighTower Advisors
40
HighTower Advisors
Illinois
$2.98M -$86.7K -3,570 -3%
CL
41
CSS LLC
Illinois
$2.46M -$1.13M -46,416 -31%
Nomura Holdings
42
Nomura Holdings
Japan
$2.39M +$2.43M +100,000 New
GBM
43
Grace Brothers Management
Illinois
$959K – – –
Barclays
44
Barclays
United Kingdom
$958K -$4.08M -168,027 -80%
MAA
45
Managed Account Advisors
New Jersey
$609K +$316 +13 +0.1%
CA
46
Corrado Advisors
New Jersey
$480K – – –
DADC
47
D.A. Davidson & Co
Montana
$422K +$24.3K +1,000 +6%
IF
48
IRON Financial
Illinois
$278K +$281K +11,593 New
Wells Fargo
49
Wells Fargo
California
$200K -$1.21M -50,000 -86%
Aviva
50
Aviva
United Kingdom
$189K – – –
1
2
3

MTCN Hedge Fund Activity: Q1 2014 in Review

50 of the 3,464 institutional investors tracked by Wall St. Rank reported a position in ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) (MTCN) for Q1 2014, worth a combined $1.28B — down 7.5% from $1.39B a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new MTCN positions and 5 closed out — a net gain of 4 holders — while 13 added to existing stakes and 16 trimmed.

The largest buyer was Franklin Resources, opening a new position worth an estimated $54.6M. The largest seller was Invesco, exiting entirely with an estimated $20.7M sold.

  • 50 institutional investors held ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) (MTCN) as of Q1 2014, up from 46 in Q4 2013.
  • Funds reported $1.28B of ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) stock for Q1 2014, down 7.5% quarter-over-quarter.
  • 9 funds opened new ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) positions in Q1 2014 and 5 closed out, a net change of +4 holders.
  • The largest ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) buyer in Q1 2014 was Franklin Resources, an estimated $54.6M added.
  • The largest ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) seller in Q1 2014 was Invesco, an estimated $20.7M sold.

Based on aggregated 13F filings for Q1 2014.