We are live on ! Find out more
MTCN

ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX)
MTCN

Delisted

MTCN was delisted on the 8th of January, 2016.

Back to rankings

40 hedge funds and large institutions have $854M invested in ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) in 2015 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 16 increasing their positions, 14 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more first-time investments, than exits

New positions opened: 5 | Existing positions closed: 4

14% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 14

9% more capital invested

Capital invested by funds: $786M → $854M (+$67.7M)

3% more funds holding

Funds holding: 39 → 40 (+1)

67% less funds holding in top 10

Funds holding in top 10: 3 → 1 (-2)

Holders
40
Holders Change
+1
Holders Change %
+2.56%
% of All Funds
1.08%
Holding in Top 10
1
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-66.67%
% of All Funds
0.03%
New
5
Increased
16
Reduced
14
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Allianz Asset Management
Allianz Asset Management
Germany
+$67.7M
2
HI
HBK Investments
Texas
+$33.9M
3
Wells Fargo
Wells Fargo
California
+$21.6M
4
CS
Credit Suisse
Switzerland
+$12.2M
5
Loomis, Sayles & Company
Loomis, Sayles & Company
Massachusetts
+$5.43M

Top Sellers

Rank Fund Capital Flow
1
CAM
Camden Asset Management
California
-$33.1M
2
ICM
Ionic Capital Management
New York
-$21.6M
3
Credit Agricole
Credit Agricole
France
-$20.2M
4
MSL
Mackay Shields LLC
New York
-$13.8M
5
Deutsche Bank
Deutsche Bank
Germany
-$6.14M
Name Holding Trade Value Shares
Change 		Change in
Stake
EIA
26
Edgemoor Investment Advisors
Maryland
$5.2M -$420K -24,750 -7%
Goldman Sachs
27
Goldman Sachs
New York
$4.91M +$1.14M +67,178 +27%
Bank of America
28
Bank of America
North Carolina
$4.74M +$2.93M +172,612 +131%
OCM
29
Oaktree Capital Management
California
$4.09M – – –
GP
30
GLG Partners
United Kingdom
$3.2M – – –
CCM
31
Cutler Capital Management
Massachusetts
$2.12M -$47.5K -2,800 -2%
BIM
32
BlackRock Investment Management
Delaware
$1.95M -$466K -27,500 -18%
UBS Group
33
UBS Group
Switzerland
$1.81M +$44.6K +2,631 +2%
Citigroup
34
Citigroup
New York
$1.47M +$764K +45,036 +92%
MSL
35
Mackay Shields LLC
New York
$1.44M -$13.8M -815,200 -90%
Barclays
36
Barclays
United Kingdom
$1.24M +$696K +41,019 +98%
DADC
37
D.A. Davidson & Co
Montana
$725K -$76.3K -4,500 -9%
OFG
38
OTA Financial Group
New York
$380K +$373K +21,995 New
CA
39
Corrado Advisors
New Jersey
$312K – – –
Susquehanna International Group
40
Susquehanna International Group
Pennsylvania
$172K +$187K +11,048 New
TRCT
41
Tower Research Capital (TRC)
New York
$102K -$34.7K -2,048 -24%
LTFS
42
Ladenburg Thalmann Financial Services
Florida
$84K +$90.7K +5,350 New
ED
43
Exane Derivatives
France
$83.1K +$19.5K +1,150 +28%
AIG
44
American International Group
New York
$7.8K – – –
Morgan Stanley
45
Morgan Stanley
New York
$3K +$3.32K +196 New
N
46
Nuveen
North Carolina
$1 – – –
JCM
47
JD Capital Management
Connecticut
– -$2.27M -150,000 Closed
CL
48
CSS LLC
Illinois
– -$1.16M -76,656 Closed
Mackenzie Financial
49
Mackenzie Financial
Ontario, Canada
– -$270K -17,991 Closed
ClearBridge Investments
50
ClearBridge Investments
New York
– -$30K -2,000 Closed
1
2

MTCN Hedge Fund Activity: Q2 2015 in Review

40 of the 3,711 institutional investors tracked by Wall St. Rank reported a position in ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) (MTCN) for Q2 2015, worth a combined $854M — up 8.6% from $786M a quarter earlier.

Buyers outnumbered sellers: 5 funds opened new MTCN positions and 4 closed out — a net gain of 1 holder — while 16 added to existing stakes and 14 trimmed.

The largest buyer was Allianz Asset Management, opening a new position worth an estimated $67.7M. The largest seller was Camden Asset Management, cutting an estimated $33.1M.

  • 40 institutional investors held ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) (MTCN) as of Q2 2015, up from 39 in Q1 2015.
  • Funds reported $854M of ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) stock for Q2 2015, up 8.6% quarter-over-quarter.
  • 5 funds opened new ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) positions in Q2 2015 and 4 closed out, a net change of +1 holder.
  • The largest ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) buyer in Q2 2015 was Allianz Asset Management, an estimated $67.7M added.
  • The largest ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) seller in Q2 2015 was Camden Asset Management, an estimated $33.1M sold.

Based on aggregated 13F filings for Q2 2015.