CONSTELLIUM SE CSTM
CL A SHS · Common Stock · CUSIP F21107101
- SectorMaterials
- IndustrySecondary Smelting & Refining of Nonferrous Metals
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($4.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $31.67. Options: 9 managers hold calls ($50.3m notional), 7 hold puts ($24.3m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 178 |
| Q4 2022 | 186 |
| Q1 2023 | 182 |
| Q2 2023 | 186 |
| Q3 2023 | 190 |
| Q4 2023 | 192 |
| Q1 2024 | 206 |
| Q2 2024 | 223 |
| Q3 2024 | 221 |
| Q4 2024 | 219 |
| Q1 2025 | 221 |
| Q2 2025 | 222 |
| Q3 2025 | 234 |
| Q4 2025 | 251 |
| Q1 2026 | 312 |
| Q2 2026 | 386 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 123 | 111 |
| Q4 2024 | 117 | 118 |
| Q1 2025 | 131 | 94 |
| Q2 2025 | 134 | 110 |
| Q3 2025 | 138 | 88 |
| Q4 2025 | 124 | 113 |
| Q1 2026 | 190 | 108 |
| Q2 2026 | 249 | 139 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $15.9m | $6.8m | 0.42 |
| Q4 2025 | $8.3m | $1.4m | 0.17 |
| Q1 2026 | $31.3m | $9.4m | 0.30 |
| Q2 2026 | $50.3m | $24.3m | 0.48 |
Biggest buyers
| MORGAN STANLEY | Added | +3.0m |
| AMERICAN CENTURY COMPANIES INC | Added | +2.1m |
| Kinetic Partners Management, LP | Added | +1.2m |
| MARSHALL WACE, LLP | Added | +1.1m |
| ACADIAN ASSET MANAGEMENT LLC | Added | +834.6k |
| GOLDMAN SACHS GROUP INC | Added | +698.9k |
| VANGUARD PORTFOLIO MANAGEMENT LLC | Added | +464.7k |
| MACKENZIE FINANCIAL CORP | Added | +411.1k |
| WELLS FARGO & COMPANY/MN | Added | +403.7k |
| HRT FINANCIAL LP | Added | +355.3k |
Biggest sellers
| FMR LLC | Reduced | -4.8m |
| Bpifrance SA | Reduced | -4.2m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -1.5m |
| D. E. Shaw & Co., Inc. | Reduced | -1.0m |
| T. Rowe Price Investment Management, Inc. | Reduced | -980.3k |
| JPMORGAN CHASE & CO | Reduced | -905.8k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -852.6k |
| Engineers Gate Manager LP | Reduced | -686.4k |
| JANE STREET GROUP, LLC | Reduced | -678.9k |
| Soapstone Management L.P. | Reduced | -600.0k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $24.2m760.7k shares |
| JANE STREET GROUP, LLC | Added | $6.7m211.6k shares |
| CITADEL ADVISORS LLC | Reduced | $6.5m203.4k shares |
| GROUP ONE TRADING LLC | Reduced | $4.9m153.7k shares |
| IMC-Chicago, LLC | Added | $3.6m111.4k shares |
| Walleye Trading LLC | Added | $2.4m75.3k shares |
| CREDIT AGRICOLE S A | Unchanged | $1.9m60.0k shares |
| Walleye Capital LLC | New | $31.9k1.0k shares |
| SIMPLEX TRADING, LLC | New | $2.8k500 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $11.1m347.4k shares |
| CITADEL ADVISORS LLC | Added | $5.4m170.9k shares |
| JANE STREET GROUP, LLC | Added | $5.0m155.8k shares |
| IMC-Chicago, LLC | Added | $1.8m57.3k shares |
| GROUP ONE TRADING LLC | Added | $599.2k18.8k shares |
| Walleye Trading LLC | Reduced | $290.0k9.1k shares |
| Walleye Capital LLC | New | $73.3k2.3k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
Bpifrance Participations SA
13D · may seek influence
filed 2026-05-28
Stated purposeItem 4 is hereby amended and supplemented as follows: On May 26, 2026, Bpifrance Participations sold 4,190,000 Ordinary Shares by two block trades each at $33.89 per share. All of the Ordinary Shares that are held of record by the Reporting Persons as reported herein were acquired for investment purposes. The Reporting Persons retain the right to change their investment intent, from time to time to acquire additional Ordinary Shares or other securities of the Issuer, or to sell or otherwise dispose of all or part of the Ordinary Shares or other securities of the Issuer, if any, beneficially owned by them, in any manner permitted by law. The Reporting Persons may engage from time to time in ordinary course transactions with financial institutions with respect to the securities described he… Full filing |
6.2% |
| BlackRock, Inc. 13G · institution +0.8 pts · filed 2025-07-17 | 5.8% |
Fell to 5% or below in the last year: FMR LLC (1.6%, 2026-08-06), MILLENNIUM MANAGEMENT LLC (2.5%, 2026-04-24)
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 4 | $41.2k | 9 | $5.8m | — |
| Q2 2026 | 2 | $125.8k | 10 | $6.4m | — |
| Q3 2026 | 1 | $40.6k | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-08-03 | Deslarzes Jean-Christophe Director | Bought | $40.6k1.5k shares |
| 2026-06-04 | Ormerod John Director | Sold | $280.1k8.0k shares |
| 2026-05-28 | Becker Marcus SVP CPO | Sold | $363.0k10.4k shares |
| 2026-05-14 | Jarrett Martin SVP Chief Innovation Officer | Sold | $157.8k4.7k shares |
| 2026-05-14 | Soultz Bradley Lee Director · By Bradley L. Soultz Irrevocable Trust | Bought | $84.6k2.5k shares |
| 2026-05-12 | Piquier Ludovic SVP Manuf Excellence & CTO | Sold | $33.6k1.0k shares |
| 2026-05-11 | Brun Nicolas SVP PA, Comm & Sust | Sold | $902.5k26.7k shares |
| 2026-05-08 | Corre Stephane President, AS&I | Sold | $167.6k5.0k shares |
| 2026-05-05 | Guo Jack Q. EVP & CFO | Sold | $822.1k25.2k shares |
| 2026-05-05 | Brandjes Michiel Director | Sold | $325.0k10.4k shares |
| 2026-05-01 | Hoffmann Philippe President, A&T | Sold | $1.6m50.0k shares |
| 2026-05-01 | Jurkovic Philip Ryan SVP & CHRO | Sold | $1.6m48.8k shares |
| 2026-05-01 | Corre Stephane President, AS&I | Sold | $160.2k5.0k shares |
| 2026-05-01 | Deslarzes Jean-Christophe Director | Bought | $41.2k1.3k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.01% of their portfolio | 12.8m $408.0m | Reduced -161.9k |
| Bpifrance SA 19.67% of their portfolio | 8.4m $267.8m | Reduced -4.2m |
| MORGAN STANLEY 0.01% of their portfolio | 6.2m $197.1m | Added +3.0m |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.01% of their portfolio | 4.4m $140.0m | Added +464.7k |
| AMERICAN CENTURY COMPANIES INC 0.06% of their portfolio | 4.2m $134.5m | Added +2.1m |
| T. Rowe Price Investment Management, Inc. 0.06% of their portfolio | 3.0m $95.0m | Reduced -980.3k |
| STATE STREET CORP 0.00% of their portfolio | 3.0m $94.2m | Added +191.3k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.04% of their portfolio | 2.8m $90.7m | Reduced -383.3k |
| Nuveen, LLC 0.02% of their portfolio | 2.8m $88.3m | Reduced -56.9k |
| Kinetic Partners Management, LP 1.93% of their portfolio | 2.5m $81.0m | Added +1.2m |
| Encompass Capital Advisors LLC 3.33% of their portfolio | 2.4m $77.2m | Reduced -55.9k |
| AQR CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 2.4m $76.6m | Added +328.1k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.10% of their portfolio | 2.3m $72.6m | Added +221.9k |
| D. E. Shaw & Co., Inc. 0.04% of their portfolio | 2.2m $70.1m | Reduced -1.0m |
| FMR LLC 0.00% of their portfolio | 2.2m $69.9m | Reduced -4.8m |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 2.2m $53.1m | Reduced -154.8k |
| ACADIAN ASSET MANAGEMENT LLC 0.08% of their portfolio | 2.1m $67.1m | Added +834.6k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 2.1m $66.0m | Added +698.9k |
| MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio | 2.0m $62.3m | Reduced -1.5m |
| BRIGHTLINE CAPITAL MANAGEMENT, LLC 13.28% of their portfolio | 1.9m $61.3m | Added +76.0k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.09% of their portfolio | 1.9m $59.2m | Reduced -57.4k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 1.8m $57.0m | Added +121.3k |
| SG Americas Securities, LLC 0.02% of their portfolio | 1.2m $39.3m | Reduced -263.4k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.1m $35.9m | Reduced -905.8k |
| WESTWOOD HOLDINGS GROUP INC 0.26% of their portfolio | 1.1m $35.0m | Reduced -302.1k |
| MARSHALL WACE, LLP 0.03% of their portfolio | 1.1m $34.9m | Added +1.1m |
| Senator Investment Group LP 1.26% of their portfolio | 1.1m $34.5m | Not comparable |
| PANAGORA ASSET MANAGEMENT INC 0.10% of their portfolio | 1.0m $33.4m | Added +343.5k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 984.4k $31.4m | Added +6.9k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 957.6k $30.5m | Added +106.4k |
| Allianz Asset Management GmbH 0.02% of their portfolio | 893.9k $22.0m | Unchanged |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.08% of their portfolio | 882.3k $28.1m | Reduced -35.8k |
| HRT FINANCIAL LP 0.07% of their portfolio | 874.1k $27.9m | Added +355.3k |
| FEDERATED HERMES, INC. 0.04% of their portfolio | 838.6k $26.7m | Added +185.9k |
| Point72 Asset Management, L.P. 0.04% of their portfolio | 821.7k $26.2m | Reduced -183.5k |
| BEACONLIGHT CAPITAL, LLC 10.94% of their portfolio | 779.9k $24.9m | Reduced -391.9k |
| Penn Capital Management Company, LLC 1.52% of their portfolio | 749.6k $23.9m | Reduced -95.3k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 734.2k $23.4m | Reduced -49.0k |
| Bayberry Capital Partners LP 7.19% of their portfolio | 655.0k $20.9m | Reduced -219.0k |
| DANSKE BANK A/S 0.04% of their portfolio | 642.7k $20.5m | Added +247.3k |
| Balyasny Asset Management L.P. 0.04% of their portfolio | 641.4k $20.4m | Reduced -154.0k |
| Qube Research & Technologies Ltd 0.02% of their portfolio | 622.1k $19.8m | Added +151.2k |
| MACKENZIE FINANCIAL CORP 0.02% of their portfolio | 592.5k $18.9m | Added +411.1k |
| Fisher Asset Management, LLC 0.01% of their portfolio | 552.4k $17.6m | Added +13.0k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio | 520.2k $16.6m | Reduced -50.0k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 512.3k $16.3m | Added +183.5k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 498.8k $15.9m | Added +403.7k |
| Jupiter Topco LLC 0.01% of their portfolio | 494.9k $15.8m | First filing |
| Mountaineer Partners Management, LLC 11.18% of their portfolio | 482.1k $15.4m | Reduced -176.4k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 475.5k $15.1m | Added +10.1k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 474.3k $15.1m | Reduced -296.3k |
| Trexquant Investment LP 0.09% of their portfolio | 466.8k $14.9m | Reduced -16.3k |
| COOPER CREEK PARTNERS MANAGEMENT LLC 0.59% of their portfolio | 441.8k $14.1m | Reduced -322.4k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 435.8k $13.9m | Added +38.0k |
| Cannell & Spears LLC 0.24% of their portfolio | 416.9k $13.3m | Reduced -492.3k |
| OCCUDO QUANTITATIVE STRATEGIES LP 0.71% of their portfolio | 416.4k $13.3m | Added +213.1k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 365.4k $11.6m | Added +76.5k |
| Man Group plc 0.02% of their portfolio | 359.3k $11.5m | Added +238.7k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.00% of their portfolio | 351.0k $11.2m | Added +13.2k |
| Hillsdale Investment Management Inc. 0.25% of their portfolio | 347.6k $11.1m | Added +30.9k |
| BEACON INVESTMENT ADVISORS LLC 3.27% of their portfolio | 326.7k $10.4m | Reduced -247 |
| LSV ASSET MANAGEMENT 0.02% of their portfolio | 320.3k $10.2m | Added +86.8k |
| UBS Group AG 0.00% of their portfolio | 312.1k $9.9m | Reduced -159.4k |
| Bridgewater Associates, LP 0.04% of their portfolio | 311.6k $9.9m | Reduced -191.4k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 295.6k $9.4m | Added +6.2k |
| HENNESSY ADVISORS INC 0.30% of their portfolio | 294.5k $9.4m | New |
| Creative Planning 0.01% of their portfolio | 291.7k $9.3m | Added +48.9k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 289.0k $9.2m | Added +57.3k |
| LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio | 285.5k $9.1m | Added +198.4k |
| Kailix Advisors LLC 8.56% of their portfolio | 278.2k $8.9m | Reduced -216.2k |
| ArrowMark Colorado Holdings LLC 0.37% of their portfolio | 277.2k $8.8m | Reduced -220.2k |
| LPL Financial LLC 0.00% of their portfolio | 268.3k $8.6m | Added +191.1k |
| CVFG LLC 0.89% of their portfolio | 266.2k $8.5m | Reduced -7.0k |
| ALGERT GLOBAL LLC 0.10% of their portfolio | 264.3k $8.4m | Reduced -94.6k |
| GW&K Investment Management, LLC 0.06% of their portfolio | 254.0k $8.1m | Reduced -3.6k |
| Swiss National Bank 0.00% of their portfolio | 245.9k $7.8m | Added +500 |
| Schonfeld Strategic Advisors LLC 0.04% of their portfolio | 244.1k $7.8m | Added +113.7k |
| NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio | 237.3k $7.6m | New |
| IEQ CAPITAL, LLC 0.03% of their portfolio | 234.1k $7.5m | Reduced -32.1k |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.03% of their portfolio | 218.8k $7.0m | Added +179.9k |
| Jump Financial, LLC 0.06% of their portfolio | 218.7k $7.0m | Added +204.2k |
| Soapstone Management L.P. 4.64% of their portfolio | 200.0k $6.4m | Reduced -600.0k |
| Sequoia Financial Advisors, LLC 0.03% of their portfolio | 198.0k $6.3m | Added +820 |
| KBC Group NV 0.01% of their portfolio | 197.8k $6.3m | Unchanged |
| Engineers Gate Manager LP 0.08% of their portfolio | 197.7k $6.3m | Reduced -686.4k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 197.2k $6.3m | Reduced -9.9k |
| Connor, Clark & Lunn Investment Management Ltd. 0.01% of their portfolio | 189.3k $6.0m | Added +20.3k |
| Hudson Bay Capital Management LP 0.03% of their portfolio | 185.6k $5.9m | Reduced -216.4k |
| TD Waterhouse Canada Inc. 0.01% of their portfolio | 184.3k $5.6m | New |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 176.9k $5.6m | Added +84.3k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 175.1k $5.6m | Added +6.4k |
| CAPITAL FUND MANAGEMENT S.A. 0.04% of their portfolio | 172.7k $5.5m | Added +100.8k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 172.0k $5.5m | Added +14.5k |
| Rockingstone Advisors LLC 2.20% of their portfolio | 171.8k $5.5m | Reduced -20.0k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 164.7k $5.2m | Added +66.7k |
| MOORE CAPITAL MANAGEMENT, LP 0.12% of their portfolio | 159.4k $5.1m | Added +57.5k |
| MARTINGALE ASSET MANAGEMENT L P 0.12% of their portfolio | 156.4k $5.0m | Reduced -4.2k |
| BARCLAYS PLC 0.00% of their portfolio | 155.1k $4.9m | Reduced -17.8k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 153.5k $4.9m | Reduced -678.9k |
| Voleon Capital Management LP 0.08% of their portfolio | 145.1k $4.6m | Reduced -94.4k |