ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX)
MTCN
MTCN was delisted on the 8th of January, 2016.
47 hedge funds and large institutions have $1.15B invested in ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) in 2013 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 17 increasing their positions, 14 reducing their positions, and 10 closing their positions.
24% more capital invested
Capital invested by funds: $929M → $1.15B (+$220M)
21% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 14
4% less funds holding
Funds holding: 49 → 47 (-2)
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
20% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SC
Sculptor Capital
New York
|
+$27.7M |
| 2 |
Loomis, Sayles & Company
Boston,
Massachusetts
|
+$24.3M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$16M |
| 4 |
PG
PEAK6 Group
Chicago,
Illinois
|
+$15.8M |
| 5 |
GI
GLG Inc
New York
|
+$4.22M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BPGAM
BTG Pactual Global Asset Management
Hamilton,
Bermuda
|
-$46.5M |
| 2 |
Franklin Resources
San Mateo,
California
|
-$42.2M |
| 3 |
Goldman Sachs
New York
|
-$19.3M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$17.6M |
| 5 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
-$15.1M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
DADC
51
D.A. Davidson & Co
Great Falls,
Montana
| $356K | -$19K | -900 | -5% |
|
|
AAM
52
Advisors Asset Management
Monument,
Colorado
| $239K | -$27.5K | -1,300 | -10% |
|
53
Aviva
London,
United Kingdom
| $170K | – | – | – |
|
54
US Bancorp
Minneapolis,
Minnesota
| $161K | – | – | – |
|
|
PCM
55
Prelude Capital Management
New York
| $151K | +$232K | +11,000 | New |
|
56
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| $106K | – | – | – |
|
|
AIG
57
American International Group
New York
| $10.7K | +$10.6K | +500 | New |
|
|
OFG
58
OTA Financial Group
Purchase,
New York
| $315 | +$310K | +14,683 | New |
|
|
JHIU
59
Janus Henderson Investors US
Denver,
Colorado
| – | -$14.5M | -775,000 | Closed |
|
60
Morgan Stanley
New York
| – | -$6.27M | -334,151 | Closed |
|
|
GP
61
GLG Partners
London,
United Kingdom
| – | -$3.75M | -200,000 | Closed |
|
62
Millennium Management
New York
| – | -$3M | -160,000 | Closed |
|
63
Nomura Holdings
Tokyo,
Japan
| – | -$1.36M | -73,000 | Closed |
|
|
JG
64
Jefferies Group
New York
| – | -$1.22M | -65,000 | Closed |
|
|
TRCT
65
Tower Research Capital (TRC)
New York
| – | -$48K | -2,565 | Closed |
|
MTCN Hedge Fund Activity: Q3 2013 in Review
47 of the 3,085 institutional investors tracked by Wall St. Rank reported a position in ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) (MTCN) for Q3 2013, worth a combined $1.15B — up 24% from $929M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of MTCN and 8 opened new positions — a net loss of 2 holders — while 14 trimmed existing stakes and 17 added.
The largest buyer was Sculptor Capital, adding an estimated $27.7M. The largest seller was BTG Pactual Global Asset Management, exiting entirely with an estimated $46.5M sold.
- 47 institutional investors held ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) (MTCN) as of Q3 2013, down from 49 in Q2 2013.
- Funds reported $1.15B of ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) stock for Q3 2013, up 24% quarter-over-quarter.
- 8 funds opened new ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) positions in Q3 2013 and 10 closed out, a net change of -2 holders.
- The largest ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) buyer in Q3 2013 was Sculptor Capital, an estimated $27.7M added.
- The largest ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) seller in Q3 2013 was BTG Pactual Global Asset Management, an estimated $46.5M sold.
Based on aggregated 13F filings for Q3 2013.