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D. E. Shaw Steps Up Interest in Aluminium Production Company

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Billionaire David E. Shaw‘s D. E. Shaw is showing increased interest in Constellium NV (NYSE:CSTM), having recently boosted its stake in the company. Whereas the fund held 3.54 million shares at the end of the first quarter, a recent filing with the Securities and Exchange Commission shows a boost to a little over 5.6 million shares, which amount to approximately 5.3% of Constellium’s outstanding stock.

D. E. Shaw

Constellium NV (NYSE:CSTM) is based in Netherlands and specializes in the design and manufacturing of specialty aluminum products for the aerospace, packaging, and automotive industries. Following a lengthy decline, which started in June 2014, the stock seems to have found a solid bottom at the $5 level and has been wobbling around it for the most part of 2016. Shares are currently trading at $5.10 per unit, down by 33% since the start of the year. Constellium has recently appointed Jean-Marc Germain, who briefly acted as Executive Director, as Chief Executive Officer, replacing Pierre Vareille, who announced his retirement earlier this year. “Thanks to its talented people, strategic assets and leading technology, Constellium is well positioned to take advantage of the tremendous opportunities for growth and innovation in the aluminium industry. I look forward to continuing to shape a successful future for Constellium,” commented Jean-Marc Germain.

At the end of March, roughly 35% of Constellium NV (NYSE:CSTM) common stock was held by 30 elite hedge funds, up from 28 registered at the end of December. Phill Gross and Robert Atchinson‘s Adage Capital Management held the largest stake among the fund tracked by Insider Monkey: 9.65 million shares, down by 6% during the quarter. Brian Taylor‘s Pine River Capital Management also held a sizable stake in the company, having amassed 2.75 million shares by the end of March, up by 20% over the quarter.

You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
D. E. Shaw Co. 0 5,587,000 0 5,604,500 5,604,500 5.3%
David E. Shaw 0 5,587,000 0 5,604,500 5,604,500 5.3%
David E. Shaw
David E. Shaw
D E Shaw

Page 1 of 6 – SEC Filing

SECURITIES AND EXCHANGE COMMISSION

 

Washington, D.C. 20549

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934

 

Constellium N.V.

(Name of Issuer)

Class A Ordinary shares, par value €0.02

(Title of Class of Securities)

 

 

N22035104

(CUSIP Number)

 

 

July 8, 2016

(Date of Event Which Requires Filing of
this Statement)

Check the following box to designate the rule pursuant to which
the Schedule is filed:

¨ Rule 13d-1(b)
x Rule 13d-1(c)
¨ Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a
reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment
containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page
shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”)
or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however,
see the Notes).

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