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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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42 hedge funds and large institutions have $464M invested in ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) in 2015 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 9 increasing their positions, 14 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

75% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 4

5% more funds holding

Funds holding: 40 → 42 (+2)

36% less repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 14

46% less capital invested

Capital invested by funds: $854M → $464M (-$390M)

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
42
Holders Change
+2
Holders Change %
+5%
% of All Funds
1.17%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
7
Increased
9
Reduced
14
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$48.9M
2
HI
HBK Investments
Texas
+$20.4M
3
SC
Sculptor Capital
New York
+$6.49M
4
BFA
BlackRock Fund Advisors
California
+$4.26M
5
Wells Fargo
Wells Fargo
California
+$3.99M

Top Sellers

Rank Fund Capital Flow
1
Loomis, Sayles & Company
Loomis, Sayles & Company
Massachusetts
-$11M
2
AIM
Assured Investment Management
New York
-$6.88M
3
Citadel Advisors
Citadel Advisors
Florida
-$6.25M
4
ICM
Ionic Capital Management
New York
-$6.07M
5
Deutsche Bank
Deutsche Bank
Germany
-$5.2M
Name Holding Trade Value Shares
Change 		Change in
Stake
OCM
26
Oaktree Capital Management
California
$2.2M – – –
Franklin Resources
27
Franklin Resources
California
$2.01M – – –
PI
28
Putnam Investments
Massachusetts
$1.92M +$3.04M +229,917 New
GP
29
GLG Partners
United Kingdom
$1.74M – – –
UBS Group
30
UBS Group
Switzerland
$1.39M +$699K +52,899 +46%
BIM
31
BlackRock Investment Management
Delaware
$1.02M – – –
CL
32
CSS LLC
Illinois
$898K +$1.43M +108,517 New
MSL
33
Mackay Shields LLC
New York
$756K – – –
Barclays
34
Barclays
United Kingdom
$663K +$159 +12 +0%
BCM
35
Bluefin Capital Management
New York
$373K +$600K +45,355 New
CCM
36
Cutler Capital Management
Massachusetts
$283K -$1.34M -101,544 -75%
DADC
37
D.A. Davidson & Co
Montana
$212K -$273K -20,650 -44%
BA
38
BlackRock Advisors
Delaware
$123K +$198K +15,000 New
AH
39
Achievement Holdings
Illinois
$53K +$135K +10,197 New
ED
40
Exane Derivatives
France
$44.3K – – –
LTFS
41
Ladenburg Thalmann Financial Services
Florida
$44K – – –
TRCT
42
Tower Research Capital (TRC)
New York
$25K -$45.5K -3,441 -53%
MSE
43
MUFG Securities EMEA
United Kingdom
$9K – – –
Citigroup
44
Citigroup
New York
$6K -$1.23M -93,368 -99%
AIG
45
American International Group
New York
$4K – – –
Morgan Stanley
46
Morgan Stanley
New York
$2K – – –
SIM
47
Sonora Investment Management
Arizona
$2K +$2.64K +200 New
Citadel Advisors
48
Citadel Advisors
Florida
– -$6.25M -400,000 Closed
Deutsche Bank
49
Deutsche Bank
Germany
– -$5.2M -393,700 -100%
EIA
50
Edgemoor Investment Advisors
Maryland
– -$5.2M -333,054 Closed
1
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MTCN Hedge Fund Activity: Q3 2015 in Review

42 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) (MTCN) for Q3 2015, worth a combined $464M — down 46% from $854M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new MTCN positions and 4 closed out — a net gain of 3 holders — while 9 added to existing stakes and 14 trimmed.

The largest buyer was D.E. Shaw & Co, opening a new position worth an estimated $48.9M. The largest seller was Loomis, Sayles & Company, cutting an estimated $11M.

  • 42 institutional investors held ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) (MTCN) as of Q3 2015, up from 40 in Q2 2015.
  • Funds reported $464M of ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) stock for Q3 2015, down 46% quarter-over-quarter.
  • 7 funds opened new ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) positions in Q3 2015 and 4 closed out, a net change of +3 holders.
  • The largest ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) buyer in Q3 2015 was D.E. Shaw & Co, an estimated $48.9M added.
  • The largest ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) seller in Q3 2015 was Loomis, Sayles & Company, an estimated $11M sold.

Based on aggregated 13F filings for Q3 2015.