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, 16 increasing their positions, 14 reducing their positions, and 10 closing their positions.
14% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 14
12% more capital invested
Capital invested by funds: $1.02B → $1.15B (+$125M)
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 |
GI
GLG Inc
New York
|
+$4.22M |
| 5 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
+$3.95M |
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 |
MTCN Hedge Fund Activity: Q3 2013 in Review
47 of the 3,096 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 12% from $1.02B 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 16 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 12% 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.