Now, key hedge funds have jumped into Constellium NV (NYSE:CSTM) headfirst. Anchorage Advisors, assembled the biggest position in Constellium NV (NYSE:CSTM). Anchorage Advisors had $22.8 million invested in the company at the end of the quarter. Andrew Feldstein and Stephen Siderow’s Blue Mountain Capital also initiated a $9.1 million position during the quarter. The following funds were also among the new CSTM investors: Robert Henry Lynch’s Aristeia Capital, Richard Driehaus’s Driehaus Capital, and Robert Polak’s Anchor Bolt Capital.
Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as Constellium NV (NYSE:CSTM) but similarly valued. We will take a look at ChipMOS Technologies (Bermuda) Ltd (NASDAQ:IMOS), Green Plains Partners LP (NASDAQ:GPP), HomeStreet Inc (NASDAQ:HMST), and Seadrill Partners LLC (NYSE:SDLP). This group of stocks’ market values resemble CSTM’s market value.
|Ticker||No of HFs with positions||Total Value of HF Positions (x1000)||Change in HF Position|
As you can see these stocks had an average of 10 hedge funds with bullish positions and the average amount invested in these stocks was $77 million. That figure was $284 million in CSTM’s case. ChipMOS Technologies (Bermuda) Ltd (NASDAQ:IMOS) is the most popular stock in this table. On the other hand Green Plains Partners LP (NASDAQ:GPP) is the least popular one with only 5 bullish hedge fund positions. Compared to these stocks Constellium NV (NYSE:CSTM) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.