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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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32 hedge funds and large institutions have $359M invested in ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) in 2015 Q4 according to their latest regulatory filings, with 2 funds opening new positions, 11 increasing their positions, 12 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

8% less repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 12

23% less capital invested

Capital invested by funds: $464M → $359M (-$105M)

24% less funds holding

Funds holding: 42 → 32 (-10)

83% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 12

Holders
32
Holders Change
-10
Holders Change %
-23.81%
% of All Funds
0.84%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
2
Increased
11
Reduced
12
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Wells Fargo
Wells Fargo
California
+$18.2M
2
HI
HBK Investments
Texas
+$11.4M
3
WAM
Wolverine Asset Management
Illinois
+$4.74M
4
Bank of America
Bank of America
North Carolina
+$3.93M
5
BFA
BlackRock Fund Advisors
California
+$3.28M

Top Sellers

1
SC
Sculptor Capital
New York
-$33.7M
2
CAM
Camden Asset Management
California
-$13.9M
3
Allianz Asset Management
Allianz Asset Management
Germany
-$13.5M
4
CS
Credit Suisse
Switzerland
-$9.71M
5
BG
BlackRock Group
United Kingdom
-$9.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
DADC
26
D.A. Davidson & Co
Montana
$152K -$18.9K -2,300 -9%
VKH
27
Virtu KCG Holdings
New York
$127K +$162K +19,608 New
CL
28
CSS LLC
Illinois
$92K -$777K -94,344 -87%
TRCT
29
Tower Research Capital (TRC)
New York
$33K +$16.2K +1,961 +64%
LTFS
30
Ladenburg Thalmann Financial Services
Florida
$22K -$16.5K -2,000 -37%
Citigroup
31
Citigroup
New York
$19K +$18.3K +2,222 +286%
Morgan Stanley
32
Morgan Stanley
New York
$11K +$11.4K +1,389 +709%
BA
33
BlackRock Advisors
Delaware
$4K -$119K -14,445 -96%
Barclays
34
Barclays
United Kingdom
$1K -$682K -82,781 -100%
SIM
35
Sonora Investment Management
Arizona
$1K – – –
CS
36
Credit Suisse
Switzerland
– -$9.71M -1,181,899 Closed
BG
37
BlackRock Group
United Kingdom
– -$9.4M -1,143,016 Closed
Fidelity Investments
38
Fidelity Investments
Massachusetts
– -$4.71M -568,500 Closed
T. Rowe Price Associates
39
T. Rowe Price Associates
Maryland
– -$4.31M -522,826 Closed
VanEck Associates
40
VanEck Associates
New York
– -$3.94M -479,224 Closed
BIM
41
BlackRock Investment Management
Delaware
– -$1.02M -124,600 Closed
MSL
42
Mackay Shields LLC
New York
– -$756K -92,000 Closed
BCM
43
Bluefin Capital Management
New York
– -$373K -45,355 Closed
AH
44
Achievement Holdings
Illinois
– -$53K -10,197 Closed
AIG
45
American International Group
New York
– -$4K -500 Closed
1
2

MTCN Hedge Fund Activity: Q4 2015 in Review

32 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) (MTCN) for Q4 2015, worth a combined $359M — down 23% from $464M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of MTCN and 2 opened new positions — a net loss of 10 holders — while 12 trimmed existing stakes and 11 added.

The largest buyer was Wells Fargo, adding an estimated $18.2M. The largest seller was Sculptor Capital, exiting entirely with an estimated $33.7M sold.

  • 32 institutional investors held ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) (MTCN) as of Q4 2015, down from 42 in Q3 2015.
  • Funds reported $359M of ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) stock for Q4 2015, down 23% quarter-over-quarter.
  • 2 funds opened new ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) positions in Q4 2015 and 12 closed out, a net change of -10 holders.
  • The largest ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) buyer in Q4 2015 was Wells Fargo, an estimated $18.2M added.
  • The largest ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) seller in Q4 2015 was Sculptor Capital, an estimated $33.7M sold.

Based on aggregated 13F filings for Q4 2015.