ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX)
MTCN
MTCN was delisted on the 8th of January, 2016.
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, 13 reducing their positions, and 9 closing their positions.
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
20% more capital invested
Capital invested by funds: $1.15B → $1.39B (+$235M)
8% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 13
2% less funds holding
Funds holding: 47 → 46 (-1)
11% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SC
Sculptor Capital
New York
|
+$23.2M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$13.9M |
| 3 |
Loomis, Sayles & Company
Boston,
Massachusetts
|
+$13.7M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$9.75M |
| 5 |
ICM
Ionic Capital Management
New York
|
+$9.71M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$17.2M |
| 2 |
Goldman Sachs
New York
|
-$7.51M |
| 3 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
-$7.42M |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
-$4.3M |
| 5 |
GI
GLG Inc
New York
|
-$4.3M |
MTCN Hedge Fund Activity: Q4 2013 in Review
46 of the 3,459 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 20% 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 13 trimmed existing stakes and 14 added.
The largest buyer was Sculptor Capital, adding an estimated $23.2M. The largest seller was Saba Capital Management, exiting entirely with an estimated $17.2M sold.
- 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 20% 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 Saba Capital Management, an estimated $17.2M sold.
Based on aggregated 13F filings for Q4 2013.