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 ($2.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $24.47. Options: 7 managers hold calls ($31.3m notional), 6 hold puts ($9.4m).
Trends to Q1 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 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q1 2026 | 190 | 108 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $18.8m | $5.4m | 0.29 |
| Q3 2025 | $15.9m | $6.8m | 0.42 |
| Q4 2025 | $8.3m | $1.4m | 0.17 |
| Q1 2026 | $31.3m | $9.4m | 0.30 |
Biggest buyers
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +2.8m |
| ALLIANCEBERNSTEIN L.P. | Added | +2.2m |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | Added | +1.8m |
| WESTWOOD HOLDINGS GROUP INC | New | +1.4m |
| Kinetic Partners Management, LP | New | +1.3m |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | New | +918.1k |
| ACADIAN ASSET MANAGEMENT LLC | Added | +911.2k |
| Bayberry Capital Partners LP | New | +874.0k |
| Allianz Asset Management GmbH | Added | +718.0k |
| Point72 Asset Management, L.P. | Added | +687.1k |
Biggest sellers
| FMR LLC | Reduced | -3.6m |
| Nut Tree Capital Management, LP | Sold out | -3.2m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -2.8m |
| Encompass Capital Advisors LLC | Reduced | -2.2m |
| T. Rowe Price Investment Management, Inc. | Reduced | -2.0m |
| CAPSTONE INVESTMENT ADVISORS, LLC | Sold out | -1.2m |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | Reduced | -872.2k |
| BlackRock, Inc. | Reduced | -766.1k |
| MOORE CAPITAL MANAGEMENT, LP | Reduced | -756.1k |
| Empowered Funds, LLC | Sold out | -671.2k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $14.1m571.9k shares |
| CITADEL ADVISORS LLC | Added | $6.9m282.6k shares |
| GROUP ONE TRADING LLC | Added | $3.8m153.9k shares |
| JANE STREET GROUP, LLC | Added | $2.3m93.2k shares |
| IMC-Chicago, LLC | Added | $1.6m65.9k shares |
| CREDIT AGRICOLE S A | Added | $1.5m60.0k shares |
| Walleye Trading LLC | Added | $1.2m47.0k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $4.0m161.2k shares |
| CITADEL ADVISORS LLC | Added | $2.8m112.6k shares |
| JANE STREET GROUP, LLC | New | $1.6m64.0k shares |
| IMC-Chicago, LLC | Added | $486.7k19.8k shares |
| Walleye Trading LLC | Added | $381.0k15.5k shares |
| GROUP ONE TRADING LLC | Added | $277.8k11.3k 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 in Q1 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 |
|---|---|---|---|---|---|
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| 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 | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-03-16 | Becker Marcus SVP CPO | Sold | $250.9k10.0k shares |
| 2026-03-10 | Guo Jack Q. EVP & CFO | Sold | $1.1m41.7k shares |
| 2026-03-10 | Jurkovic Philip Ryan SVP & CHRO | Sold | $773.5k29.9k shares |
| 2026-03-10 | Hoffmann Philippe President, A&T | Sold | $122.3k4.7k shares |
| 2026-03-10 | Joerg Ingrid CEO, director | Sold | $119.4k4.6k shares |
| 2026-03-10 | Corre Stephane President, AS&I | Sold | $38.8k1.5k shares |
| 2026-03-10 | Becker Marcus SVP CPO | Sold | $28.8k1.1k shares |
| 2026-03-09 | Brun Nicolas SVP PA, Comm & Sust | Sold | $436.7k17.7k shares |
| 2026-03-09 | Hoffmann Philippe President, A&T | Bought | —71.1k shares |
| 2026-03-09 | Becker Marcus SVP CPO | Bought | —14.6k shares |
| 2026-03-09 | Corre Stephane President, AS&I | Bought | —8.0k shares |
| 2026-03-04 | Hoffmann Philippe President, A&T | Sold | $2.1m80.0k shares |
| 2026-03-02 | Deslarzes Jean-Christophe Director | Bought | $41.2k1.7k shares |
| 2026-02-27 | Corre Stephane President, AS&I | Sold | $74.1k3.0k shares |
| 2026-02-26 | Boccon-Gibod Isabelle Director | Sold | $257.7k10.0k shares |
| 2026-02-25 | Corre Stephane President, AS&I | Sold | $82.3k3.2k shares |
| 2026-02-23 | Walters Stephen Charles SVP GC & Secretary | Sold | $38.1k1.5k shares |
| 2026-02-20 | Becker Marcus SVP CPO | Sold | $398.3k15.6k 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, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.01% of their portfolio | 13.0m $318.7m | Reduced -766.1k |
| Bpifrance SA 18.71% of their portfolio | 12.6m $309.6m | Unchanged |
| FMR LLC 0.01% of their portfolio | 7.0m $171.1m | Reduced -3.6m |
| T. Rowe Price Investment Management, Inc. 0.07% of their portfolio | 4.0m $97.4m | Reduced -2.0m |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.01% of their portfolio | 3.9m $96.5m | First filing |
| MILLENNIUM MANAGEMENT LLC 0.06% of their portfolio | 3.5m $85.3m | Reduced -2.8m |
| D. E. Shaw & Co., Inc. 0.06% of their portfolio | 3.2m $79.5m | Added +179.3k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.04% of their portfolio | 3.2m $79.3m | Added +2.8m |
| MORGAN STANLEY 0.00% of their portfolio | 3.2m $78.6m | Reduced -532.1k |
| Nuveen, LLC 0.02% of their portfolio | 2.8m $69.5m | Reduced -13.2k |
| STATE STREET CORP 0.00% of their portfolio | 2.8m $67.9m | Added +103.0k |
| Encompass Capital Advisors LLC 2.48% of their portfolio | 2.5m $60.9m | Reduced -2.2m |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 2.3m $43.7m | Added +2.2m |
| AMERICAN CENTURY COMPANIES INC 0.03% of their portfolio | 2.1m $51.3m | Added +274.1k |
| AQR CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 2.1m $51.0m | Added +308.4k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.08% of their portfolio | 2.1m $50.5m | Added +1.8m |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 2.1m $47.3m | Reduced -37.5k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.08% of their portfolio | 1.9m $47.0m | Reduced -30.8k |
| BRIGHTLINE CAPITAL MANAGEMENT, LLC 13.43% of their portfolio | 1.8m $45.4m | Added +5.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 1.7m $41.0m | Added +36.9k |
| SG Americas Securities, LLC 0.04% of their portfolio | 1.5m $36.8m | Added +522.7k |
| WESTWOOD HOLDINGS GROUP INC 0.25% of their portfolio | 1.4m $34.4m | New |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 1.4m $33.7m | Added +4.3k |
| Kinetic Partners Management, LP 1.81% of their portfolio | 1.3m $32.3m | New |
| ACADIAN ASSET MANAGEMENT LLC 0.04% of their portfolio | 1.3m $31.3m | Added +911.2k |
| BEACONLIGHT CAPITAL, LLC 16.24% of their portfolio | 1.2m $28.8m | Reduced -168.1k |
| Point72 Asset Management, L.P. 0.04% of their portfolio | 1.0m $24.7m | Added +687.1k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 977.6k $24.0m | Added +35.7k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.07% of their portfolio | 918.1k $22.6m | New |
| Cannell & Spears LLC 0.44% of their portfolio | 909.2k $22.3m | Reduced -57.8k |
| Allianz Asset Management GmbH 0.03% of their portfolio | 893.9k $22.0m | Added +718.0k |
| Engineers Gate Manager LP 0.27% of their portfolio | 884.1k $21.7m | Reduced -165.1k |
| Bayberry Capital Partners LP 7.10% of their portfolio | 874.0k $21.5m | New |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 855.7k $21.0m | Reduced -13.9k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 851.2k $20.9m | Added +425.9k |
| Penn Capital Management Company, LLC 1.61% of their portfolio | 844.9k $20.8m | Added +479.7k |
| JANE STREET GROUP, LLC 0.02% of their portfolio | 832.5k $20.5m | Added +518.8k |
| Soapstone Management L.P. 14.01% of their portfolio | 800.0k $19.7m | Reduced -550.0k |
| Balyasny Asset Management L.P. 0.04% of their portfolio | 795.4k $19.6m | Added +576.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 783.2k $19.3m | Reduced -25.6k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 770.6k $18.9m | Added +643.1k |
| COOPER CREEK PARTNERS MANAGEMENT LLC 0.90% of their portfolio | 764.2k $18.8m | Reduced -235.0k |
| PANAGORA ASSET MANAGEMENT INC 0.06% of their portfolio | 704.8k $17.3m | Added +83.7k |
| Mountaineer Partners Management, LLC 8.04% of their portfolio | 658.5k $16.2m | Reduced -23.0k |
| FEDERATED HERMES, INC. 0.03% of their portfolio | 652.7k $16.0m | Added +355.6k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio | 570.2k $14.0m | Added +283.9k |
| Fisher Asset Management, LLC 0.00% of their portfolio | 539.5k $13.3m | Added +529.3k |
| HRT FINANCIAL LP 0.05% of their portfolio | 518.8k $12.8m | Added +202.2k |
| Bridgewater Associates, LP 0.06% of their portfolio | 503.0k $12.4m | New |
| ArrowMark Colorado Holdings LLC 0.32% of their portfolio | 497.4k $12.2m | Reduced -106.0k |
| Kailix Advisors LLC 11.83% of their portfolio | 494.4k $13.5m | Reduced -483.7k |
| Trexquant Investment LP 0.09% of their portfolio | 483.1k $11.9m | Added +96.4k |
| UBS Group AG 0.00% of their portfolio | 471.5k $11.6m | Reduced -83.4k |
| Qube Research & Technologies Ltd 0.02% of their portfolio | 470.9k $11.6m | New |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 465.4k $11.4m | Added +36.1k |
| JANUS HENDERSON GROUP PLC 0.01% of their portfolio | 439.3k $10.8m | Added +389.1k |
| Hudson Bay Capital Management LP 0.06% of their portfolio | 402.0k $9.9m | Unchanged |
| Bank of New York Mellon Corp 0.00% of their portfolio | 397.7k $9.8m | Reduced -4.8k |
| DANSKE BANK A/S 0.02% of their portfolio | 395.4k $9.7m | Reduced -41.7k |
| ALGERT GLOBAL LLC 0.13% of their portfolio | 358.9k $8.8m | Reduced -96.9k |
| WHITEBOX ADVISORS LLC 0.12% of their portfolio | 346.7k $8.5m | Reduced -153.0k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.00% of their portfolio | 337.8k $8.3m | Added +26.3k |
| SummitTX Capital, L.P. 0.26% of their portfolio | 330.2k $8.1m | Reduced -358.3k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 328.8k $8.1m | Added +233.4k |
| BEACON INVESTMENT ADVISORS LLC 3.03% of their portfolio | 327.0k $8.0m | Reduced -952 |
| Hillsdale Investment Management Inc. 0.21% of their portfolio | 316.7k $7.8m | New |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 289.3k $7.1m | Added +76.1k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 288.9k $7.1m | New |
| CVFG LLC 0.83% of their portfolio | 273.2k $6.7m | New |
| IEQ CAPITAL, LLC 0.03% of their portfolio | 266.1k $6.5m | Added +27.0k |
| GW&K Investment Management, LLC 0.06% of their portfolio | 257.6k $6.3m | Reduced -9.5k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.02% of their portfolio | 252.2k $6.2m | Reduced -262.4k |
| Swiss National Bank 0.00% of their portfolio | 245.4k $6.0m | Reduced -2.2k |
| Creative Planning 0.00% of their portfolio | 242.8k $6.0m | Added +49.0k |
| Voleon Capital Management LP 0.13% of their portfolio | 239.5k $5.9m | Reduced -47.1k |
| LSV ASSET MANAGEMENT 0.01% of their portfolio | 233.5k $5.7m | Reduced -15.3k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 231.8k $5.7m | Added +142.3k |
| Edgestream Partners, L.P. 0.18% of their portfolio | 226.3k $5.6m | Added +20.4k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 207.1k $5.1m | Reduced -31.2k |
| BW Gestao de Investimentos Ltda. 0.23% of their portfolio | 207.1k $5.1m | Reduced -339.2k |
| THORNBURG INVESTMENT MANAGEMENT INC 0.05% of their portfolio | 205.5k $5.1m | Reduced -46.3k |
| OCCUDO QUANTITATIVE STRATEGIES LP 0.35% of their portfolio | 203.3k $6.4m | Added +25.6k |
| KBC Group NV 0.01% of their portfolio | 197.8k $4.9m | Added +193.6k |
| Sequoia Financial Advisors, LLC 0.03% of their portfolio | 197.2k $4.8m | Added +3.7k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio | 192.6k $4.7m | Added +95.3k |
| Rockingstone Advisors LLC 2.16% of their portfolio | 191.8k $4.7m | Reduced -27.4k |
| MACKENZIE FINANCIAL CORP 0.01% of their portfolio | 181.5k $4.5m | Added +48.8k |
| Ionic Capital Management LLC 3.67% of their portfolio | 177.7k $4.4m | Reduced -40.8k |
| BARCLAYS PLC 0.00% of their portfolio | 172.9k $4.3m | Reduced -112.1k |
| Connor, Clark & Lunn Investment Management Ltd. 0.01% of their portfolio | 169.0k $4.2m | Added +62.0k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 168.6k $4.1m | Added +7.8k |
| LGT Fund Management Co Ltd. 0.18% of their portfolio | 164.7k $4.0m | New |
| Y-Intercept (Hong Kong) Ltd 0.08% of their portfolio | 163.8k $4.0m | Reduced -220.0k |
| MARTINGALE ASSET MANAGEMENT L P 0.10% of their portfolio | 160.6k $3.9m | Added +79.2k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 157.4k $3.9m | Reduced -18.4k |
| GSA CAPITAL PARTNERS LLP 0.23% of their portfolio | 149.0k $3.7m | Added +124.6k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 145.7k $3.6m | Added +28.2k |
| State of Alaska, Department of Revenue 0.04% of their portfolio | 140.7k $3.5m | Unchanged |
| Invesco Ltd. 0.00% of their portfolio | 136.0k $3.3m | Reduced -28.7k |
| Schonfeld Strategic Advisors LLC 0.03% of their portfolio | 130.3k $3.2m | Reduced -39.6k |