ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX)
MTCN
MTCN was delisted on the 8th of January, 2016.
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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HI
HBK Investments
Dallas,
Texas
|
+$49.6M |
| 2 |
AIM
Assured Investment Management
New York
|
+$15.7M |
| 3 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$10.6M |
| 4 |
CS
Credit Suisse
Zurich,
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
Atlanta,
Georgia
|
-$14.1M |
| 3 |
Goldman Sachs
New York
|
-$12.5M |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
-$11.3M |
| 5 |
JP Morgan Chase
New York
|
-$10.4M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Nomura Holdings
Tokyo,
Japan
| – | -$65K | -3,642 | Closed |
|
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.