ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX)
MTCN
MTCN was delisted on the 8th of January, 2016.
41 hedge funds and large institutions have $926M invested in ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) in 2014 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 12 increasing their positions, 13 reducing their positions, and 10 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
8% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 13
15% less funds holding
Funds holding: 48 → 41 (-7)
19% less capital invested
Capital invested by funds: $1.14B → $926M (-$216M)
50% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Loomis, Sayles & Company
Boston,
Massachusetts
|
+$22.7M |
| 2 |
CAM
Camden Asset Management
Los Angeles,
California
|
+$13.7M |
| 3 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$12.1M |
| 4 |
GXMC
Global X Management Company
New York
|
+$9.67M |
| 5 |
VanEck Associates
New York
|
+$8.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$11.6M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$11M |
| 3 |
Aviva
London,
United Kingdom
|
-$8.35M |
| 4 |
ICM
Ionic Capital Management
New York
|
-$7.83M |
| 5 |
AIM
Assured Investment Management
New York
|
-$7.45M |
MTCN Hedge Fund Activity: Q4 2014 in Review
41 of the 3,765 institutional investors tracked by Wall St. Rank reported a position in ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) (MTCN) for Q4 2014, worth a combined $926M — down 19% from $1.14B a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of MTCN and 5 opened new positions — a net loss of 5 holders — while 13 trimmed existing stakes and 12 added.
The largest buyer was Loomis, Sayles & Company, adding an estimated $22.7M. The largest seller was Citadel Advisors, cutting an estimated $11.6M.
- 41 institutional investors held ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) (MTCN) as of Q4 2014, down from 48 in Q3 2014.
- Funds reported $926M of ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) stock for Q4 2014, down 19% quarter-over-quarter.
- 5 funds opened new ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) positions in Q4 2014 and 10 closed out, a net change of -5 holders.
- The largest ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) buyer in Q4 2014 was Loomis, Sayles & Company, an estimated $22.7M added.
- The largest ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) seller in Q4 2014 was Citadel Advisors, an estimated $11.6M sold.
Based on aggregated 13F filings for Q4 2014.