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 ($13.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $18.85. Options: 8 managers hold calls ($8.3m notional), 5 hold puts ($1.4m).
Trends to Q4 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 |
| Q3 2025 | 234 |
| Q4 2025 | 251 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2024 | 126 | 79 |
| Q2 2024 | 135 | 94 |
| Q3 2024 | 123 | 111 |
| Q4 2024 | 117 | 118 |
| Q1 2025 | 131 | 94 |
| Q2 2025 | 134 | 110 |
| Q3 2025 | 138 | 88 |
| Q4 2025 | 124 | 113 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $10.3m | $6.8m | 0.66 |
| Q2 2025 | $18.8m | $5.4m | 0.29 |
| Q3 2025 | $15.9m | $6.8m | 0.42 |
| Q4 2025 | $8.3m | $1.4m | 0.17 |
Biggest buyers
| MORGAN STANLEY | Added | +1.2m |
| T. Rowe Price Investment Management, Inc. | Added | +871.3k |
| VANGUARD GROUP INC | Added | +755.9k |
| AMERICAN CENTURY COMPANIES INC | Added | +639.5k |
| D. E. Shaw & Co., Inc. | Added | +604.7k |
| BW Gestao de Investimentos Ltda. | New | +546.3k |
| AQR CAPITAL MANAGEMENT LLC | Added | +488.6k |
| DANSKE BANK A/S | New | +437.1k |
| Encompass Capital Advisors LLC | Added | +393.6k |
| Penn Capital Management Company, LLC | New | +365.2k |
Biggest sellers
| FMR LLC | Reduced | -2.9m |
| JPMORGAN CHASE & CO | Reduced | -2.7m |
| MACQUARIE GROUP LTD | Sold out | -2.0m |
| Nut Tree Capital Management, LP | Reduced | -2.0m |
| JANUS HENDERSON GROUP PLC | Reduced | -1.8m |
| COOPER CREEK PARTNERS MANAGEMENT LLC | Reduced | -667.3k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -665.9k |
| Cannell & Spears LLC | Reduced | -590.8k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -521.1k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -471.5k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $2.4m129.8k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $2.2m118.0k shares |
| GROUP ONE TRADING LLC | Reduced | $1.3m69.8k shares |
| CREDIT AGRICOLE S A | New | $896.1k47.5k shares |
| TUDOR INVESTMENT CORP ET AL | Reduced | $573.0k30.4k shares |
| JANE STREET GROUP, LLC | Reduced | $337.4k17.9k shares |
| IMC-Chicago, LLC | Reduced | $284.6k15.1k shares |
| Walleye Trading LLC | Reduced | $194.2k10.3k shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $703.1k37.3k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $322.3k17.1k shares |
| IMC-Chicago, LLC | Reduced | $271.4k14.4k shares |
| GROUP ONE TRADING LLC | Added | $99.9k5.3k shares |
| Walleye Trading LLC | Added | $37.7k2.0k 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 Q4 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 Q4 2025.
Holders, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.00% of their portfolio | 13.7m $258.8m | Reduced -288.9k |
| Bpifrance SA 10.03% of their portfolio | 12.6m $237.4m | Unchanged |
| FMR LLC 0.01% of their portfolio | 10.6m $199.2m | Reduced -2.9m |
| MILLENNIUM MANAGEMENT LLC 0.08% of their portfolio | 6.3m $118.2m | Reduced -665.9k |
| T. Rowe Price Investment Management, Inc. 0.04% of their portfolio | 6.0m $112.9m | Added +871.3k |
| Encompass Capital Advisors LLC 4.20% of their portfolio | 4.7m $87.8m | Added +393.6k |
| VANGUARD GROUP INC 0.00% of their portfolio | 4.1m $76.4m | Added +755.9k |
| MORGAN STANLEY 0.00% of their portfolio | 3.7m $70.3m | Added +1.2m |
| Nut Tree Capital Management, LP 11.46% of their portfolio | 3.2m $60.8m | Reduced -2.0m |
| D. E. Shaw & Co., Inc. 0.04% of their portfolio | 3.1m $57.6m | Added +604.7k |
| Nuveen, LLC 0.01% of their portfolio | 2.8m $53.6m | Reduced -9.2k |
| STATE STREET CORP 0.00% of their portfolio | 2.7m $50.2m | Added +93.0k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 2.1m $39.4m | Reduced -2.7m |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.06% of their portfolio | 1.9m $36.6m | First filing |
| BRIGHTLINE CAPITAL MANAGEMENT, LLC 14.04% of their portfolio | 1.8m $34.7m | Added +217.0k |
| AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio | 1.8m $34.1m | Added +639.5k |
| AQR CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 1.8m $33.3m | Added +488.6k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 1.6m $30.8m | Reduced -76.6k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 1.4m $25.8m | Added +160.1k |
| Soapstone Management L.P. 18.75% of their portfolio | 1.4m $25.4m | Reduced -319.1k |
| BEACONLIGHT CAPITAL, LLC 14.75% of their portfolio | 1.3m $25.3m | Added +66.4k |
| CAPSTONE INVESTMENT ADVISORS, LLC 0.18% of their portfolio | 1.2m $22.5m | Reduced -66.9k |
| Engineers Gate Manager LP 0.23% of their portfolio | 1.0m $19.8m | Added +279.8k |
| COOPER CREEK PARTNERS MANAGEMENT LLC 0.89% of their portfolio | 999.2k $18.8m | Reduced -667.3k |
| Kailix Advisors LLC 20.55% of their portfolio | 978.1k $18.4m | Reduced -125.1k |
| SG Americas Securities, LLC 0.02% of their portfolio | 974.7k $18.4m | Added +85.4k |
| Cannell & Spears LLC 0.34% of their portfolio | 967.0k $18.2m | Reduced -590.8k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 941.9k $17.8m | Reduced -131.0k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.37% of their portfolio | 939.2k $17.7m | Added +25.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 869.6k $16.4m | Added +240.3k |
| MOORE CAPITAL MANAGEMENT, LP 0.33% of their portfolio | 858.0k $16.2m | Added +215.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 808.9k $15.2m | Reduced -13.8k |
| SummitTX Capital, L.P. 0.39% of their portfolio | 688.6k $13.0m | Added +127.7k |
| Mountaineer Partners Management, LLC 7.19% of their portfolio | 681.5k $12.8m | Reduced -152.3k |
| Empowered Funds, LLC 0.21% of their portfolio | 671.2k $12.7m | Added +25.2k |
| PANAGORA ASSET MANAGEMENT INC 0.04% of their portfolio | 621.2k $11.7m | Added +16.3k |
| ArrowMark Colorado Holdings LLC 0.25% of their portfolio | 603.4k $11.4m | Added +151.5k |
| UBS Group AG 0.00% of their portfolio | 554.9k $10.5m | Reduced -79.3k |
| BW Gestao de Investimentos Ltda. 0.36% of their portfolio | 546.3k $10.3m | New |
| Boston Partners 0.01% of their portfolio | 542.0k $10.2m | Reduced -83.1k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.03% of their portfolio | 514.6k $9.7m | Reduced -164.1k |
| WHITEBOX ADVISORS LLC 0.16% of their portfolio | 499.7k $9.4m | Reduced -161.6k |
| TUDOR INVESTMENT CORP ET AL 0.05% of their portfolio | 496.7k $9.4m | Reduced -254.3k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 470.8k $8.9m | Added +113.3k |
| ALGERT GLOBAL LLC 0.13% of their portfolio | 455.9k $8.6m | Reduced -139.8k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 448.2k $8.4m | Reduced -5.4k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 447.8k $8.4m | Reduced -471.5k |
| DANSKE BANK A/S 0.02% of their portfolio | 437.1k $8.2m | New |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 429.3k $8.1m | Reduced -30.6k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 425.4k $8.0m | Reduced -63.6k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 402.5k $7.6m | Added +18.4k |
| Hudson Bay Capital Management LP 0.04% of their portfolio | 402.0k $7.6m | Added +94.5k |
| Trexquant Investment LP 0.06% of their portfolio | 386.7k $7.3m | Reduced -99.6k |
| Y-Intercept (Hong Kong) Ltd 0.16% of their portfolio | 383.8k $7.2m | Added +220.6k |
| Penn Capital Management Company, LLC 0.55% of their portfolio | 365.2k $6.9m | New |
| ACADIAN ASSET MANAGEMENT LLC 0.01% of their portfolio | 361.6k $6.8m | Added +138.1k |
| BEACON INVESTMENT ADVISORS LLC 2.48% of their portfolio | 327.9k $6.2m | Reduced -12.7k |
| Point72 Asset Management, L.P. 0.01% of their portfolio | 318.1k $6.0m | New |
| HRT FINANCIAL LP 0.02% of their portfolio | 316.7k $6.0m | Added +163.7k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 313.7k $5.9m | Added +62.0k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.00% of their portfolio | 311.5k $5.9m | Added +26.6k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.01% of their portfolio | 300.0k $5.7m | New |
| FEDERATED HERMES, INC. 0.01% of their portfolio | 297.0k $5.6m | Added +177.4k |
| Voleon Capital Management LP 0.12% of their portfolio | 286.6k $5.4m | Reduced -159.8k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 286.3k $5.4m | Added +240.5k |
| BARCLAYS PLC 0.00% of their portfolio | 285.0k $5.4m | Added +9.8k |
| GW&K Investment Management, LLC 0.04% of their portfolio | 267.1k $5.0m | Added +107.1k |
| THORNBURG INVESTMENT MANAGEMENT INC 0.06% of their portfolio | 251.7k $4.7m | New |
| LSV ASSET MANAGEMENT 0.01% of their portfolio | 248.8k $4.7m | Added +62.0k |
| Swiss National Bank 0.00% of their portfolio | 247.6k $4.7m | Reduced -1.8k |
| IEQ CAPITAL, LLC 0.01% of their portfolio | 239.1k $4.5m | Added +64.5k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 238.3k $4.5m | Added +6.3k |
| Balyasny Asset Management L.P. 0.01% of their portfolio | 219.4k $4.1m | New |
| Rockingstone Advisors LLC 1.88% of their portfolio | 219.2k $4.1m | Added +4.5k |
| Ionic Capital Management LLC 4.08% of their portfolio | 218.6k $4.1m | Unchanged |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 213.2k $4.0m | Reduced -8.2k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.01% of their portfolio | 206.8k $3.9m | Added +42.5k |
| Squarepoint Ops LLC 0.01% of their portfolio | 206.3k $3.9m | New |
| Edgestream Partners, L.P. 0.11% of their portfolio | 205.9k $3.9m | New |
| Corient Private Wealth LP 0.00% of their portfolio | 199.6k $3.8m | Added +99.9k |
| Creative Planning 0.00% of their portfolio | 193.7k $3.7m | Added +27.2k |
| Sequoia Financial Advisors, LLC 0.02% of their portfolio | 193.5k $3.6m | Added +203 |
| OCCUDO QUANTITATIVE STRATEGIES LP 0.22% of their portfolio | 177.7k $3.3m | Added +133.8k |
| Allianz Asset Management GmbH 0.00% of their portfolio | 175.9k $3.3m | Added +148.3k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 175.8k $3.3m | Reduced -34.7k |
| Schonfeld Strategic Advisors LLC 0.02% of their portfolio | 169.9k $3.2m | Reduced -6.9k |
| Jump Financial, LLC 0.04% of their portfolio | 165.7k $3.1m | Reduced -71.8k |
| Verition Fund Management LLC 0.02% of their portfolio | 165.1k $3.1m | Reduced -61.2k |
| Invesco Ltd. 0.00% of their portfolio | 164.7k $3.1m | Added +22.9k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 161.8k $3.1m | Added +51.4k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 160.8k $3.0m | Added +42.4k |
| ExodusPoint Capital Management, LP 0.03% of their portfolio | 152.2k $2.9m | Added +88.0k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 146.9k $2.8m | Added +89.6k |
| Legal & General Group Plc 0.00% of their portfolio | 142.2k $2.7m | Reduced -14.1k |
| State of Alaska, Department of Revenue 0.03% of their portfolio | 140.7k $2.7m | Unchanged |
| Lighthouse Investment Partners, LLC 0.09% of their portfolio | 139.2k $2.6m | Reduced -17.6k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 138.4k $2.6m | Reduced -19.3k |
| MACKENZIE FINANCIAL CORP 0.00% of their portfolio | 132.6k $2.5m | Added +512 |
| Knights of Columbus Asset Advisors LLC 0.14% of their portfolio | 128.3k $2.4m | Reduced -4.0k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 127.5k $2.4m | Reduced -13.1k |