ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX)
MTCN
MTCN was delisted on the 8th of January, 2016.
32 hedge funds and large institutions have $359M invested in ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) in 2015 Q4 according to their latest regulatory filings, with 2 funds opening new positions, 11 increasing their positions, 12 reducing their positions, and 12 closing their positions.
8% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 12
23% less capital invested
Capital invested by funds: $464M → $359M (-$105M)
24% less funds holding
Funds holding: 42 → 32 (-10)
83% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 12
Top Buyers
| 1 |
Wells Fargo
San Francisco,
California
|
+$18.2M |
| 2 |
HI
HBK Investments
Dallas,
Texas
|
+$11.4M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$4.74M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$3.93M |
| 5 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$3.28M |
Top Sellers
| 1 |
SC
Sculptor Capital
New York
|
-$33.7M |
| 2 |
CAM
Camden Asset Management
Los Angeles,
California
|
-$13.9M |
| 3 |
Allianz Asset Management
Munich,
Germany
|
-$13.5M |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$9.71M |
| 5 |
BG
BlackRock Group
London,
United Kingdom
|
-$9.4M |
MTCN Hedge Fund Activity: Q4 2015 in Review
32 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) (MTCN) for Q4 2015, worth a combined $359M — down 23% from $464M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of MTCN and 2 opened new positions — a net loss of 10 holders — while 12 trimmed existing stakes and 11 added.
The largest buyer was Wells Fargo, adding an estimated $18.2M. The largest seller was Sculptor Capital, exiting entirely with an estimated $33.7M sold.
- 32 institutional investors held ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) (MTCN) as of Q4 2015, down from 42 in Q3 2015.
- Funds reported $359M of ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) stock for Q4 2015, down 23% quarter-over-quarter.
- 2 funds opened new ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) positions in Q4 2015 and 12 closed out, a net change of -10 holders.
- The largest ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) buyer in Q4 2015 was Wells Fargo, an estimated $18.2M added.
- The largest ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX) seller in Q4 2015 was Sculptor Capital, an estimated $33.7M sold.
Based on aggregated 13F filings for Q4 2015.