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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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41 hedge funds and large institutions have $926M invested in ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) in 2014 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 12 increasing their positions, 13 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

8% less repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 13

15% less funds holding

Funds holding: 48 → 41 (-7)

19% less capital invested

Capital invested by funds: $1.14B → $926M (-$216M)

50% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 10

Holders
41
Holders Change
-7
Holders Change %
-14.58%
% of All Funds
1.09%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.08%
New
5
Increased
12
Reduced
13
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Loomis, Sayles & Company
Loomis, Sayles & Company
Massachusetts
+$22.7M
2
CAM
Camden Asset Management
California
+$13.7M
3
BFA
BlackRock Fund Advisors
California
+$12.1M
4
GXMC
Global X Management Company
New York
+$9.67M
5
VanEck Associates
VanEck Associates
New York
+$8.1M

Top Sellers

Rank Fund Capital Flow
1
Citadel Advisors
Citadel Advisors
Florida
-$11.6M
2
Bank of America
Bank of America
North Carolina
-$11M
3
Aviva
Aviva
United Kingdom
-$8.35M
4
ICM
Ionic Capital Management
New York
-$7.83M
5
AIM
Assured Investment Management
New York
-$7.45M
Name Holding Trade Value Shares
Change 		Change in
Stake
OCM
26
Oaktree Capital Management
California
$6.4M – – –
UBS Group
27
UBS Group
Switzerland
$4.59M +$5.13M +265,494 New
GP
28
GLG Partners
United Kingdom
$3.53M – – –
Wells Fargo
29
Wells Fargo
California
$3.27M +$1.01M +52,030 +38%
Bank of America
30
Bank of America
North Carolina
$3.11M -$11M -569,043 -76%
NIMC
31
NWQ Investment Management Company
California
$3.02M – – –
BIM
32
BlackRock Investment Management
Delaware
$2.63M -$226K -11,700 -7%
JCM
33
JD Capital Management
Connecticut
$2.63M -$3.87M -200,000 -57%
CS
34
Credit Suisse
Switzerland
$2.53M – – –
CCM
35
Cutler Capital Management
Massachusetts
$2.15M +$186K +9,600 +8%
HighTower Advisors
36
HighTower Advisors
Illinois
$1.75M -$365K -18,888 -16%
N
37
Nuveen
North Carolina
$1.04M -$1.01M -52,500 Closed
DADC
38
D.A. Davidson & Co
Montana
$829K +$404K +20,885 +77%
OFG
39
OTA Financial Group
New York
$380K -$9.09K -470 -2%
CA
40
Corrado Advisors
New Jersey
$346K – – –
Barclays
41
Barclays
United Kingdom
$247K +$280K +14,509 New
TRCT
42
Tower Research Capital (TRC)
New York
$246K +$66.1K +3,417 +32%
ED
43
Exane Derivatives
France
$96.4K +$105K +5,425 New
Nomura Holdings
44
Nomura Holdings
Japan
$65K -$23.9K -1,238 -25%
Citigroup
45
Citigroup
New York
$19K +$16.4K +847 +282%
AIG
46
American International Group
New York
$8.65K – – –
IF
47
IRON Financial
Illinois
$2.16K – – –
Aviva
48
Aviva
United Kingdom
– -$8.35M -395,000 Closed
AIM
49
Assured Investment Management
New York
– -$7.45M -350,000 Closed
Lord, Abbett & Co
50
Lord, Abbett & Co
New Jersey
– -$6.66M -315,000 Closed
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MTCN Hedge Fund Activity: Q4 2014 in Review

41 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) (MTCN) for Q4 2014, worth a combined $926M — down 19% from $1.14B a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of MTCN and 5 opened new positions — a net loss of 5 holders — while 13 trimmed existing stakes and 12 added.

The largest buyer was Loomis, Sayles & Company, adding an estimated $22.7M. The largest seller was Citadel Advisors, cutting an estimated $11.6M.

  • 41 institutional investors held ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) (MTCN) as of Q4 2014, down from 48 in Q3 2014.
  • Funds reported $926M of ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) stock for Q4 2014, down 19% quarter-over-quarter.
  • 5 funds opened new ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) positions in Q4 2014 and 10 closed out, a net change of -5 holders.
  • The largest ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) buyer in Q4 2014 was Loomis, Sayles & Company, an estimated $22.7M added.
  • The largest ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) seller in Q4 2014 was Citadel Advisors, an estimated $11.6M sold.

Based on aggregated 13F filings for Q4 2014.