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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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46 hedge funds and large institutions have $1.39B invested in ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) in 2013 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 14 increasing their positions, 14 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more funds holding in top 10

Funds holding in top 10: 4 → 5 (+1)

21% more capital invested

Capital invested by funds: $1.15B → $1.39B (+$236M)

0% more repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 14

2% less funds holding

Funds holding: 47 → 46 (-1)

11% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 9

Holders
46
Holders Change
-1
Holders Change %
-2.13%
% of All Funds
1.33%
Holding in Top 10
5
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+25%
% of All Funds
0.15%
New
8
Increased
14
Reduced
14
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SC
Sculptor Capital
New York
+$23.2M
2
Bank of America
Bank of America
North Carolina
+$13.9M
3
Loomis, Sayles & Company
Loomis, Sayles & Company
Massachusetts
+$13.7M
4
Citadel Advisors
Citadel Advisors
Florida
+$9.75M
5
ICM
Ionic Capital Management
New York
+$9.71M

Top Sellers

Rank Fund Capital Flow
1
PG
PEAK6 Group
Illinois
-$18.3M
2
SCM
Saba Capital Management
New York
-$17.2M
3
Goldman Sachs
Goldman Sachs
New York
-$7.51M
4
BFA
BlackRock Fund Advisors
California
-$7.42M
5
AllianceBernstein
AllianceBernstein
Tennessee
-$4.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
ICM
1
Ionic Capital Management
New York
$172M +$9.71M +398,064 +6%
BFA
2
BlackRock Fund Advisors
California
$132M -$7.42M -304,169 -6%
Loomis, Sayles & Company
3
Loomis, Sayles & Company
Massachusetts
$125M +$13.7M +561,431 +9%
DCM
4
Discovery Capital Management
Connecticut
$93M – – –
CAM
5
Camden Asset Management
California
$80.6M +$8.79M +360,500 +13%
DKCM
6
Davidson Kempner Capital Management
New York
$74.8M – – –
SC
7
Sculptor Capital
New York
$72M +$23.2M +950,000 +52%
Goldman Sachs
8
Goldman Sachs
New York
$55.5M -$7.51M -308,131 -13%
Citadel Advisors
9
Citadel Advisors
Florida
$54.2M +$9.75M +400,000 +24%
Franklin Resources
10
Franklin Resources
California
$52M – – –
Credit Agricole
11
Credit Agricole
France
$45.7M +$1.47M +60,300 +4%
JP Morgan Chase
12
JP Morgan Chase
New York
$44.5M – – –
Bank of America
13
Bank of America
North Carolina
$38.4M +$13.9M +569,211 +63%
AGC
14
Angelo Gordon & Co
New York
$26.6M – – –
Ameriprise
15
Ameriprise
Minnesota
$21.5M -$15.9K -653 -0.1%
Invesco
16
Invesco
Georgia
$20.7M +$975K +40,000 +5%
BPGAM
17
BTG Pactual Global Asset Management
Bermuda
$20.7M – – –
PI
18
Putnam Investments
Massachusetts
$20.1M -$1.12M -45,759 -6%
GH
19
GAM Holding
Switzerland
$20M +$7.59M +311,204 New
PG
20
PEAK6 Group
Illinois
$19.5M -$18.3M -750,000 -50%
FCAM
21
F&C Asset Management
United Kingdom
$19.2M -$102K -4,200 -0.6%
OCM
22
Oaktree Capital Management
California
$16.4M – – –
Fidelity Investments
23
Fidelity Investments
Massachusetts
$14.7M – – –
WAM
24
Wolverine Asset Management
Illinois
$14.3M +$767K +31,471 +6%
T. Rowe Price Associates
25
T. Rowe Price Associates
Maryland
$12.9M – – –
1
2 3

MTCN Hedge Fund Activity: Q4 2013 in Review

46 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) (MTCN) for Q4 2013, worth a combined $1.39B — up 21% from $1.15B a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of MTCN and 8 opened new positions — a net loss of 1 holder — while 14 trimmed existing stakes and 14 added.

The largest buyer was Sculptor Capital, adding an estimated $23.2M. The largest seller was PEAK6 Group, cutting an estimated $18.3M.

  • 46 institutional investors held ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) (MTCN) as of Q4 2013, down from 47 in Q3 2013.
  • Funds reported $1.39B of ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) stock for Q4 2013, up 21% quarter-over-quarter.
  • 8 funds opened new ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) positions in Q4 2013 and 9 closed out, a net change of -1 holder.
  • The largest ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) buyer in Q4 2013 was Sculptor Capital, an estimated $23.2M added.
  • The largest ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) seller in Q4 2013 was PEAK6 Group, an estimated $18.3M sold.

Based on aggregated 13F filings for Q4 2013.