ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX)
MTCN
MTCN was delisted on the 8th of January, 2016.
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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
D.E. Shaw & Co
New York
|
+$48.9M |
| 2 |
HI
HBK Investments
Dallas,
Texas
|
+$20.4M |
| 3 |
SC
Sculptor Capital
New York
|
+$6.49M |
| 4 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$4.26M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$3.99M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Loomis, Sayles & Company
Boston,
Massachusetts
|
-$11M |
| 2 |
AIM
Assured Investment Management
New York
|
-$6.88M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$6.25M |
| 4 |
ICM
Ionic Capital Management
New York
|
-$6.07M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$5.2M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CA
51
Corrado Advisors
Ramsey,
New Jersey
| – | -$312K | -20,000 | Closed |
|
52
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$172K | -11,048 | Closed |
|
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.