ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX)
MTCN
MTCN was delisted on the 8th of January, 2016.
48 hedge funds and large institutions have $1.2B invested in ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) in 2014 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 15 increasing their positions, 12 reducing their positions, and 10 closing their positions.
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
25% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 12
4% less funds holding
Funds holding: 50 → 48 (-2)
6% less capital invested
Capital invested by funds: $1.28B → $1.2B (-$82.9M)
10% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DKCM
Davidson Kempner Capital Management
New York
|
+$68.5M |
| 2 |
Loomis, Sayles & Company
Boston,
Massachusetts
|
+$54.2M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$17.7M |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
+$15.4M |
| 5 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$13.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
-$53.2M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$19.3M |
| 3 |
AIM
Assured Investment Management
New York
|
-$11.8M |
| 4 |
Goldman Sachs
New York
|
-$10.3M |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$5.91M |
MTCN Hedge Fund Activity: Q2 2014 in Review
48 of the 3,491 institutional investors tracked by Wall St. Rank reported a position in ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) (MTCN) for Q2 2014, worth a combined $1.2B — down 6.5% from $1.28B a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of MTCN and 9 opened new positions — a net loss of 1 holder — while 12 trimmed existing stakes and 15 added.
The largest buyer was Davidson Kempner Capital Management, opening a new position worth an estimated $68.5M. The largest seller was Franklin Resources, exiting entirely with an estimated $53.2M sold.
- 48 institutional investors held ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) (MTCN) as of Q2 2014, down from 50 in Q1 2014.
- Funds reported $1.2B of ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) stock for Q2 2014, down 6.5% quarter-over-quarter.
- 9 funds opened new ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) positions in Q2 2014 and 10 closed out, a net change of -1 holder.
- The largest ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) buyer in Q2 2014 was Davidson Kempner Capital Management, an estimated $68.5M added.
- The largest ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) seller in Q2 2014 was Franklin Resources, an estimated $53.2M sold.
Based on aggregated 13F filings for Q2 2014.