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 ($17.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $13.30. Options: 11 managers hold calls ($18.8m notional), 7 hold puts ($5.4m).
Trends to Q2 2025
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 |
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 2023 | 93 | 91 |
| Q4 2023 | 87 | 92 |
| Q1 2024 | 126 | 79 |
| Q2 2024 | 135 | 94 |
| Q3 2024 | 123 | 111 |
| Q4 2024 | 117 | 118 |
| Q1 2025 | 131 | 94 |
| Q2 2025 | 134 | 110 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $10.8m | $9.5m | 0.88 |
| Q4 2024 | $10.9m | $5.2m | 0.48 |
| Q1 2025 | $10.3m | $6.8m | 0.66 |
| Q2 2025 | $18.8m | $5.4m | 0.29 |
Biggest buyers
| BlackRock, Inc. | Added | +3.2m |
| Encompass Capital Advisors LLC | Added | +2.0m |
| Cannell & Spears LLC | Added | +1.4m |
| JPMORGAN CHASE & CO | Added | +1.3m |
| COOPER CREEK PARTNERS MANAGEMENT LLC | Added | +1.2m |
| MILLENNIUM MANAGEMENT LLC | Added | +1.0m |
| Trexquant Investment LP | New | +721.1k |
| Cubist Systematic Strategies, LLC | New | +714.1k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +580.4k |
| VANGUARD GROUP INC | Added | +556.2k |
Biggest sellers
| WESTWOOD HOLDINGS GROUP INC | Sold out | -6.5m |
| T. Rowe Price Investment Management, Inc. | Reduced | -4.9m |
| Thrivent Financial for Lutherans | Reduced | -949.1k |
| Man Group plc | Reduced | -803.4k |
| Woodline Partners LP | Sold out | -796.8k |
| Qube Research & Technologies Ltd | Reduced | -725.9k |
| D. E. Shaw & Co., Inc. | Reduced | -682.5k |
| SEI INVESTMENTS CO | Reduced | -641.5k |
| FMR LLC | Reduced | -539.1k |
| Kailix Advisors LLC | Reduced | -501.0k |
Biggest calls
| MOORE CAPITAL MANAGEMENT, LP | Reduced | $5.4m407.4k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $4.4m329.6k shares |
| GROUP ONE TRADING LLC | Added | $3.7m275.9k shares |
| JANE STREET GROUP, LLC | Added | $1.9m145.0k shares |
| WOLVERINE TRADING, LLC | Added | $1.2m88.1k shares |
| IMC-Chicago, LLC | Added | $606.5k45.6k shares |
| Walleye Trading LLC | Added | $602.5k45.3k shares |
| CITADEL ADVISORS LLC | Added | $528.0k39.7k shares |
| Parallax Volatility Advisers, L.P. | New | $391.0k29.4k shares |
| Walleye Capital LLC | Reduced | $101.1k7.6k shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $4.4m331.7k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $392.4k29.5k shares |
| Walleye Capital LLC | Added | $348.5k26.2k shares |
| JANE STREET GROUP, LLC | Reduced | $167.6k12.6k shares |
| GROUP ONE TRADING LLC | Reduced | $86.5k6.5k shares |
| Walleye Trading LLC | Reduced | $2.7k200 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 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 in Q2 2025
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.
None reported in Q2 2025.
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| T. Rowe Price Investment Management, Inc. 0.12% of their portfolio | 14.3m $190.3m | Reduced -4.9m |
| BlackRock, Inc. 0.00% of their portfolio | 13.9m $184.3m | Added +3.2m |
| FMR LLC 0.01% of their portfolio | 13.8m $183.7m | Reduced -539.1k |
| Bpifrance SA 8.02% of their portfolio | 12.6m $167.5m | Unchanged |
| Nut Tree Capital Management, LP 22.14% of their portfolio | 5.7m $75.2m | Unchanged |
| Encompass Capital Advisors LLC 2.88% of their portfolio | 5.4m $71.3m | Added +2.0m |
| MILLENNIUM MANAGEMENT LLC 0.06% of their portfolio | 5.1m $68.1m | Added +1.0m |
| STATE STREET CORP 0.00% of their portfolio | 2.5m $33.3m | Added +282.3k |
| VANGUARD GROUP INC 0.00% of their portfolio | 2.4m $31.4m | Added +556.2k |
| JANUS HENDERSON GROUP PLC 0.01% of their portfolio | 2.3m $30.5m | Added +46.8k |
| D. E. Shaw & Co., Inc. 0.03% of their portfolio | 2.3m $30.3m | Reduced -682.5k |
| MACQUARIE GROUP LTD 0.04% of their portfolio | 2.2m $29.3m | Reduced -525 |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 2.2m $28.9m | Added +1.3m |
| Nuveen, LLC 0.01% of their portfolio | 2.1m $28.5m | Added +195.4k |
| Soapstone Management L.P. 15.68% of their portfolio | 1.8m $23.6m | Added +199.4k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 1.7m $23.0m | Added +215.0k |
| COOPER CREEK PARTNERS MANAGEMENT LLC 0.74% of their portfolio | 1.7m $22.2m | Added +1.2m |
| MORGAN STANLEY 0.00% of their portfolio | 1.6m $21.3m | Added +347.1k |
| Cannell & Spears LLC 0.40% of their portfolio | 1.5m $19.7m | Added +1.4m |
| CAPSTONE INVESTMENT ADVISORS, LLC 0.16% of their portfolio | 1.4m $18.8m | Added +485.5k |
| Kailix Advisors LLC 25.38% of their portfolio | 1.2m $16.4m | Reduced -501.0k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 1.2m $15.6m | Reduced -314.2k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.0m $13.6m | Added +116.9k |
| BRIGHTLINE CAPITAL MANAGEMENT, LLC 5.73% of their portfolio | 1.0m $13.3m | Added +255.0k |
| BEACONLIGHT CAPITAL, LLC 7.23% of their portfolio | 928.5k $12.3m | Reduced -34.8k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio | 921.0k $12.2m | Added +580.4k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.28% of their portfolio | 882.5k $11.7m | Added +32.0k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.04% of their portfolio | 871.8k $11.6m | Reduced -396.2k |
| Mountaineer Partners Management, LLC 7.43% of their portfolio | 845.7k $11.2m | Added +303.6k |
| WHITEBOX ADVISORS LLC 0.31% of their portfolio | 843.0k $11.2m | Added +80.5k |
| MOORE CAPITAL MANAGEMENT, LP 0.22% of their portfolio | 820.7k $10.9m | Added +11.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 808.6k $10.8m | Added +71.7k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 743.6k $9.9m | Added +519.9k |
| UBS Group AG 0.00% of their portfolio | 726.8k $9.7m | Added +79.1k |
| Trexquant Investment LP 0.11% of their portfolio | 721.1k $9.6m | New |
| Thrivent Financial for Lutherans 0.02% of their portfolio | 714.8k $9.5m | Reduced -949.1k |
| Cubist Systematic Strategies, LLC 0.10% of their portfolio | 714.1k $9.5m | New |
| Point72 Asset Management, L.P. 0.02% of their portfolio | 623.7k $8.3m | Added +129.9k |
| Empowered Funds, LLC 0.09% of their portfolio | 610.0k $8.1m | Added +32.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 591.3k $7.9m | Reduced -10.1k |
| TUDOR INVESTMENT CORP ET AL 0.06% of their portfolio | 590.5k $7.9m | Added +464.5k |
| ArrowMark Colorado Holdings LLC 0.14% of their portfolio | 578.9k $7.7m | Unchanged |
| SummitTX Capital, L.P. 0.31% of their portfolio | 535.4k $7.1m | Added +203.6k |
| Hudson Bay Capital Management LP 0.04% of their portfolio | 509.3k $6.8m | Added +265.8k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 501.1k $6.7m | Reduced -2.9k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 481.4k $6.4m | New |
| SG Americas Securities, LLC 0.03% of their portfolio | 450.9k $6.0m | Added +26.2k |
| PANAGORA ASSET MANAGEMENT INC 0.03% of their portfolio | 432.4k $5.8m | Reduced -251 |
| MARSHALL WACE, LLP 0.01% of their portfolio | 406.9k $5.4m | Added +159.0k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 397.9k $5.3m | Added +36.7k |
| Man Group plc 0.01% of their portfolio | 397.9k $5.3m | Reduced -803.4k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 384.4k $5.1m | Reduced -8.2k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 383.1k $5.1m | Added +291.5k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 374.9k $5.0m | Added +37.5k |
| ALGERT GLOBAL LLC 0.10% of their portfolio | 346.7k $4.6m | Added +110.8k |
| BEACON INVESTMENT ADVISORS LLC 1.95% of their portfolio | 339.3k $4.5m | Added +2.4k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 328.3k $4.4m | Reduced -11.1k |
| BARCLAYS PLC 0.00% of their portfolio | 326.4k $4.3m | Added +137.7k |
| Verition Fund Management LLC 0.02% of their portfolio | 311.6k $4.1m | Added +71.4k |
| Boston Partners 0.00% of their portfolio | 284.8k $3.8m | Added +149.3k |
| HRT FINANCIAL LP 0.02% of their portfolio | 274.3k $3.6m | Reduced -255.7k |
| Swiss National Bank 0.00% of their portfolio | 245.7k $3.3m | New |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 244.8k $3.3m | Reduced -98.9k |
| Connor, Clark & Lunn Investment Management Ltd. 0.01% of their portfolio | 230.8k $3.1m | Reduced -12.1k |
| COHEN & STEERS, INC. 0.01% of their portfolio | 226.0k $3.0m | New |
| Ionic Capital Management LLC 3.26% of their portfolio | 218.6k $2.9m | Unchanged |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.00% of their portfolio | 216.0k $2.9m | Added +48.0k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 214.3k $2.9m | Added +27.6k |
| Rockingstone Advisors LLC 1.49% of their portfolio | 213.5k $2.8m | Reduced -66.1k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 209.5k $2.8m | Reduced -2.1k |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 209.3k $2.8m | Reduced -725.9k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 198.2k $2.6m | Reduced -136.9k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 195.6k $2.6m | Added +340 |
| LSV ASSET MANAGEMENT 0.01% of their portfolio | 186.8k $2.5m | Unchanged |
| Engineers Gate Manager LP 0.03% of their portfolio | 176.9k $2.4m | Added +86.9k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 174.5k $2.3m | Reduced -100.5k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio | 169.5k $2.3m | Added +36.2k |
| Concentric Capital Strategies, LP 0.13% of their portfolio | 168.8k $2.2m | Added +89.2k |
| Aberdeen Group plc 0.00% of their portfolio | 157.7k $2.1m | Reduced -27.1k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 156.2k $2.1m | Added +21.4k |
| Nebula Research & Development LLC 0.17% of their portfolio | 153.4k $2.0m | Reduced -8.6k |
| TD Asset Management Inc 0.00% of their portfolio | 152.6k $2.0m | Reduced -150.0k |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 149.7k $2.0m | Reduced -222.7k |
| Jump Financial, LLC 0.02% of their portfolio | 147.5k $2.0m | Added +8.2k |
| Invesco Ltd. 0.00% of their portfolio | 136.3k $1.8m | Reduced -895 |
| State of Alaska, Department of Revenue 0.02% of their portfolio | 135.0k $1.8m | Unchanged |
| Creative Planning 0.00% of their portfolio | 132.3k $1.8m | Reduced -75.0k |
| Lighthouse Investment Partners, LLC 0.08% of their portfolio | 132.2k $1.8m | Added +62.2k |
| Legal & General Group Plc 0.00% of their portfolio | 132.1k $1.8m | Added +97.4k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 131.3k $1.7m | Reduced -108 |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 129.3k $1.7m | Added +56.8k |
| WOLVERINE TRADING, LLC 0.04% of their portfolio | 126.7k $1.7m | Added +43.3k |
| FEDERATED HERMES, INC. 0.00% of their portfolio | 119.2k $1.6m | New |
| Clearbridge Investments, LLC 0.00% of their portfolio | 118.4k $1.6m | Added +3.4k |
| NORGES BANK 0.00% of their portfolio | 112.7k $1.5m | Reduced -104.4k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 111.7k $1.5m | Added +102.3k |
| Private Advisor Group, LLC 0.01% of their portfolio | 111.7k $1.5m | Added +12.0k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 108.2k $1.4m | Reduced -641.5k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 106.1k $1.4m | Reduced -71.3k |
| Y-Intercept (Hong Kong) Ltd 0.03% of their portfolio | 105.4k $1.4m | New |