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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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48 hedge funds and large institutions have $1.14B invested in ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) in 2014 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 12 increasing their positions, 15 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

11% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 9

0% more funds holding

Funds holding: 48 → 48 (0)

5% less capital invested

Capital invested by funds: $1.2B → $1.14B (-$56.6M)

20% less repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 15

40% less funds holding in top 10

Funds holding in top 10: 5 → 3 (-2)

Holders
48
Holders Change
–
Holders Change %
0%
% of All Funds
1.39%
Holding in Top 10
3
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-40%
% of All Funds
0.09%
New
10
Increased
12
Reduced
15
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
CAM
Camden Asset Management
California
+$68.1M
2
Loomis, Sayles & Company
Loomis, Sayles & Company
Massachusetts
+$55.1M
3
Deutsche Bank
Deutsche Bank
Germany
+$21.9M
4
Invesco
Invesco
Georgia
+$19.9M
5
Aviva
Aviva
United Kingdom
+$8.83M

Top Sellers

1
DKCM
Davidson Kempner Capital Management
New York
-$64.8M
2
ICM
Ionic Capital Management
New York
-$24.6M
3
Citadel Advisors
Citadel Advisors
Florida
-$22.3M
4
Bank of America
Bank of America
North Carolina
-$21.6M
5
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
-$12.8M
Name Holding Trade Value Shares
Change 		Change in
Stake
OCM
26
Oaktree Capital Management
California
$8.13M – – –
AGC
27
Angelo Gordon & Co
New York
$8.06M – – –
AIM
28
Assured Investment Management
New York
$7.45M +$7.82M +350,000 New
JCM
29
JD Capital Management
Connecticut
$7.37M – – –
Lord, Abbett & Co
30
Lord, Abbett & Co
New Jersey
$6.66M – – –
U
31
UBS
Switzerland
$5.01M +$11.9K +532 +0.2%
PI
32
Putnam Investments
Massachusetts
$4.99M -$33.2K -1,485 -0.6%
SIM
33
SSI Investment Management
California
$4.31M -$636K -28,450 -12%
GP
34
GLG Partners
United Kingdom
$4.24M – – –
BIM
35
BlackRock Investment Management
Delaware
$3.46M – – –
CS
36
Credit Suisse
Switzerland
$3.09M -$1.15M -51,300 -26%
Wells Fargo
37
Wells Fargo
California
$2.9M +$587K +26,270 +24%
HighTower Advisors
38
HighTower Advisors
Illinois
$2.54M -$75.2K -3,367 -3%
CCM
39
Cutler Capital Management
Massachusetts
$2.42M +$847K +37,918 +49%
N
40
Nuveen
North Carolina
$1.11M +$1.17M +52,500 New
BlackRock
41
BlackRock
New York
$947K +$1M +44,800 New
CL
42
CSS LLC
Illinois
$582K -$1.28M -57,101 -68%
DADC
43
D.A. Davidson & Co
Montana
$571K +$197K +8,800 +48%
OFG
44
OTA Financial Group
New York
$505K +$502K +22,465 New
CA
45
Corrado Advisors
New Jersey
$423K – – –
IF
46
IRON Financial
Illinois
$264K +$279K +12,493 New
TRCT
47
Tower Research Capital (TRC)
New York
$229K +$223K +10,000 +1,203%
Nomura Holdings
48
Nomura Holdings
Japan
$103K +$109K +4,880 New
BNP Paribas Financial Markets
49
BNP Paribas Financial Markets
France
$44.1K -$418K -18,725 -90%
ClearBridge Investments
50
ClearBridge Investments
New York
$43K – – –
1
2
3

MTCN Hedge Fund Activity: Q3 2014 in Review

48 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) (MTCN) for Q3 2014, worth a combined $1.14B — down 4.7% from $1.2B a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new MTCN positions and 9 closed out — a net gain of 1 holder — while 12 added to existing stakes and 15 trimmed.

The largest buyer was Camden Asset Management, adding an estimated $68.1M. The largest seller was Davidson Kempner Capital Management, exiting entirely with an estimated $64.8M sold.

  • 48 institutional investors held ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) (MTCN) as of Q3 2014, unchanged from Q2 2014.
  • Funds reported $1.14B of ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) stock for Q3 2014, down 4.7% quarter-over-quarter.
  • 10 funds opened new ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) positions in Q3 2014 and 9 closed out, a net change of +1 holder.
  • The largest ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) buyer in Q3 2014 was Camden Asset Management, an estimated $68.1M added.
  • The largest ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) seller in Q3 2014 was Davidson Kempner Capital Management, an estimated $64.8M sold.

Based on aggregated 13F filings for Q3 2014.