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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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39 hedge funds and large institutions have $786M invested in ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) in 2015 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 11 increasing their positions, 15 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

5% less funds holding

Funds holding: 41 → 39 (-2)

15% less capital invested

Capital invested by funds: $926M → $786M (-$140M)

27% less repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 15

29% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 7

Holders
39
Holders Change
-2
Holders Change %
-4.88%
% of All Funds
1.04%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.08%
New
5
Increased
11
Reduced
15
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
HI
HBK Investments
Texas
+$49.6M
2
AIM
Assured Investment Management
New York
+$15.7M
3
BFA
BlackRock Fund Advisors
California
+$10.6M
4
CS
Credit Suisse
Switzerland
+$5.17M
5
GXMC
Global X Management Company
New York
+$3.22M

Top Sellers

Rank Fund Capital Flow
1
ICM
Ionic Capital Management
New York
-$25.1M
2
Invesco
Invesco
Georgia
-$14.1M
3
Goldman Sachs
Goldman Sachs
New York
-$12.5M
4
AllianceBernstein
AllianceBernstein
Tennessee
-$11.3M
5
JP Morgan Chase
JP Morgan Chase
New York
-$10.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
OCM
26
Oaktree Capital Management
California
$4.01M – – –
Wells Fargo
27
Wells Fargo
California
$3.79M +$1.04M +63,000 +33%
Goldman Sachs
28
Goldman Sachs
New York
$3.72M -$12.5M -758,348 -75%
GP
29
GLG Partners
United Kingdom
$3.02M – – –
BIM
30
BlackRock Investment Management
Delaware
$2.29M – – –
JCM
31
JD Capital Management
Connecticut
$2.27M – – –
CCM
32
Cutler Capital Management
Massachusetts
$2.08M +$239K +14,444 +12%
Bank of America
33
Bank of America
North Carolina
$1.97M -$803K -48,559 -27%
UBS Group
34
UBS Group
Switzerland
$1.7M -$2.52M -152,105 -57%
CL
35
CSS LLC
Illinois
$1.16M +$1.27M +76,656 New
N
36
Nuveen
North Carolina
$901K – – –
DADC
37
D.A. Davidson & Co
Montana
$765K +$49.6K +3,000 +6%
Citigroup
38
Citigroup
New York
$738K +$793K +47,962 +4,182%
Barclays
39
Barclays
United Kingdom
$628K +$452K +27,341 +188%
CA
40
Corrado Advisors
New Jersey
$300K – – –
Mackenzie Financial
41
Mackenzie Financial
Ontario, Canada
$270K +$297K +17,991 New
TRCT
42
Tower Research Capital (TRC)
New York
$129K -$94K -5,687 -40%
ED
43
Exane Derivatives
France
$39.8K -$21.5K -1,300 -24%
ClearBridge Investments
44
ClearBridge Investments
New York
$30K +$33.1K +2,000 New
AIG
45
American International Group
New York
$7.51K – – –
Invesco
46
Invesco
Georgia
– -$14.1M -815,400 Closed
AllianceBernstein
47
AllianceBernstein
Tennessee
– -$11.3M -652,920 Closed
HighTower Advisors
48
HighTower Advisors
Illinois
– -$1.75M -101,083 Closed
OFG
49
OTA Financial Group
New York
– -$380K -21,995 Closed
IF
50
IRON Financial
Illinois
– -$2.16K -12,493 Closed
1
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MTCN Hedge Fund Activity: Q1 2015 in Review

39 of the 3,752 institutional investors tracked by Wall St. Rank reported a position in ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) (MTCN) for Q1 2015, worth a combined $786M — down 15% from $926M a quarter earlier.

Sellers outnumbered buyers: 7 funds closed out of MTCN and 5 opened new positions — a net loss of 2 holders — while 15 trimmed existing stakes and 11 added.

The largest buyer was HBK Investments, opening a new position worth an estimated $49.6M. The largest seller was Ionic Capital Management, cutting an estimated $25.1M.

  • 39 institutional investors held ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) (MTCN) as of Q1 2015, down from 41 in Q4 2014.
  • Funds reported $786M of ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) stock for Q1 2015, down 15% quarter-over-quarter.
  • 5 funds opened new ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) positions in Q1 2015 and 7 closed out, a net change of -2 holders.
  • The largest ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) buyer in Q1 2015 was HBK Investments, an estimated $49.6M added.
  • The largest ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) seller in Q1 2015 was Ionic Capital Management, an estimated $25.1M sold.

Based on aggregated 13F filings for Q1 2015.