ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX)
MTCN
MTCN was delisted on the 8th of January, 2016.
40 hedge funds and large institutions have $854M invested in ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) in 2015 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 16 increasing their positions, 14 reducing their positions, and 4 closing their positions.
25% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 4
14% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 14
9% more capital invested
Capital invested by funds: $786M → $854M (+$67.7M)
3% more funds holding
Funds holding: 39 → 40 (+1)
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Allianz Asset Management
Munich,
Germany
|
+$67.7M |
| 2 |
HI
HBK Investments
Dallas,
Texas
|
+$33.9M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$21.6M |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$12.2M |
| 5 |
Loomis, Sayles & Company
Boston,
Massachusetts
|
+$5.43M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAM
Camden Asset Management
Los Angeles,
California
|
-$33.1M |
| 2 |
ICM
Ionic Capital Management
New York
|
-$21.6M |
| 3 |
Credit Agricole
Montrouge Cedex,
France
|
-$20.2M |
| 4 |
MSL
Mackay Shields LLC
New York
|
-$13.8M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$6.14M |
MTCN Hedge Fund Activity: Q2 2015 in Review
40 of the 3,730 institutional investors tracked by Wall St. Rank reported a position in ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) (MTCN) for Q2 2015, worth a combined $854M — up 8.6% from $786M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new MTCN positions and 4 closed out — a net gain of 1 holder — while 16 added to existing stakes and 14 trimmed.
The largest buyer was Allianz Asset Management, opening a new position worth an estimated $67.7M. The largest seller was Camden Asset Management, cutting an estimated $33.1M.
- 40 institutional investors held ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) (MTCN) as of Q2 2015, up from 39 in Q1 2015.
- Funds reported $854M of ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) stock for Q2 2015, up 8.6% quarter-over-quarter.
- 5 funds opened new ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) positions in Q2 2015 and 4 closed out, a net change of +1 holder.
- The largest ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) buyer in Q2 2015 was Allianz Asset Management, an estimated $67.7M added.
- The largest ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) seller in Q2 2015 was Camden Asset Management, an estimated $33.1M sold.
Based on aggregated 13F filings for Q2 2015.