Billionaire David E. Shaw‘s D. E. Shaw is showing increased interest in Constellium NV (NYSE:CSTM), having recently boosted its stake in the company. Whereas the fund held 3.54 million shares at the end of the first quarter, a recent filing with the Securities and Exchange Commission shows a boost to a little over 5.6 million shares, which amount to approximately 5.3% of Constellium’s outstanding stock.
Constellium NV (NYSE:CSTM) is based in Netherlands and specializes in the design and manufacturing of specialty aluminum products for the aerospace, packaging, and automotive industries. Following a lengthy decline, which started in June 2014, the stock seems to have found a solid bottom at the $5 level and has been wobbling around it for the most part of 2016. Shares are currently trading at $5.10 per unit, down by 33% since the start of the year. Constellium has recently appointed Jean-Marc Germain, who briefly acted as Executive Director, as Chief Executive Officer, replacing Pierre Vareille, who announced his retirement earlier this year. “Thanks to its talented people, strategic assets and leading technology, Constellium is well positioned to take advantage of the tremendous opportunities for growth and innovation in the aluminium industry. I look forward to continuing to shape a successful future for Constellium,” commented Jean-Marc Germain.
At the end of March, roughly 35% of Constellium NV (NYSE:CSTM) common stock was held by 30 elite hedge funds, up from 28 registered at the end of December. Phill Gross and Robert Atchinson‘s Adage Capital Management held the largest stake among the fund tracked by Insider Monkey: 9.65 million shares, down by 6% during the quarter. Brian Taylor‘s Pine River Capital Management also held a sizable stake in the company, having amassed 2.75 million shares by the end of March, up by 20% over the quarter.
You can access the original SEC filing by clicking here.
Ownership Summary Table
Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
---|---|---|---|---|---|---|
D. E. Shaw Co. | 0 | 5,587,000 | 0 | 5,604,500 | 5,604,500 | 5.3% |
David E. Shaw | 0 | 5,587,000 | 0 | 5,604,500 | 5,604,500 | 5.3% |
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Page 1 of 6 – SEC Filing
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Constellium N.V.
(Name of Issuer)
Class A Ordinary shares, par value €0.02
(Title of Class of Securities)
N22035104
(CUSIP Number)
July 8, 2016
(Date of Event Which Requires Filing of
this Statement)
Check the following box to designate the rule pursuant to which
the Schedule is filed:
¨ | Rule 13d-1(b) |
x | Rule 13d-1(c) |
¨ | Rule 13d-1(d) |
*The remainder of this cover page shall be filled out for a
reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment
containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page
shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”)
or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however,
see the Notes).
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Page 2 of 6 – SEC Filing
CUSIP No. N22035104 | |||||
1. | Names of Reporting Persons I.R.S. Identification Nos. of above persons (entities only) D. E. Shaw & Co., L.P. 13-3695715 | ||||
2. | Check the Appropriate Box if a Member of a Group (See Instructions) | ||||
(a) | [ ] | ||||
(b) | [ ] | ||||
3. | SEC Use Only | ||||
4. | Citizenship or Place of Organization Delaware | ||||
Number of Shares Beneficially Owned by Each Reporting Person With | 5. | Sole Voting Power -0- | |||
6. | Shared Voting Power 5,587,000 | ||||
7. | Sole Dispositive Power -0- | ||||
8. | Shared Dispositive Power 5,604,500 | ||||
9. | Aggregate Amount Beneficially Owned by Each Reporting Person 5,604,500 | ||||
10. | Check if the Aggregate Amount in Row (9) Excludes Certain | ||||
11. | Percent of Class Represented by Amount in Row (9) 5.3% | ||||
12. | Type of Reporting Person (See Instructions) IA, PN |
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Page 3 of 6 – SEC Filing
CUSIP No. N22035104 | |||||
1. | Names of Reporting Persons I.R.S. Identification Nos. of above persons (entities only) David E. Shaw | ||||
2. | Check the Appropriate Box if a Member of a Group (See Instructions) | ||||
(a) | [ ] | ||||
(b) | [ ] | ||||
3. | SEC Use Only | ||||
4. | Citizenship or Place of Organization United States | ||||
Number of Shares Beneficially Owned by Each Reporting Person With | 5. | Sole Voting Power -0- | |||
6. | Shared Voting Power 5,587,000 | ||||
7. | Sole Dispositive Power -0- | ||||
8. | Shared Dispositive Power 5,604,500 | ||||
9. | Aggregate Amount Beneficially Owned by Each Reporting Person 5,604,500 | ||||
10. | Check if the Aggregate Amount in Row (9) Excludes Certain | ||||
11. | Percent of Class Represented by Amount in Row (9) 5.3% | ||||
12. | Type of Reporting Person (See Instructions) IN |
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Page 4 of 6 – SEC Filing
Item 1. | ||
(a) | Name of Issuer | |
Constellium N.V. | ||
(b) | Address of Issuer’s Principal Executive Offices | |
Tupolevlaan 41-61 1119 NW Schiphol-Rijk The Netherlands | ||
Item 2. | ||
(a) | Name of Person Filing | |
D. E. Shaw & Co., L.P. David E. Shaw | ||
(b) | Address of Principal Business Office or, if none, Residence | |
The business address for each reporting person is: 1166 Avenue of the Americas, 9th Floor New York, NY 10036 | ||
(c) | Citizenship | |
D. E. Shaw & Co., L.P. is a limited partnership organized David E. Shaw is a citizen of the United States of America. | ||
(d) | Title of Class of Securities | |
Class A Ordinary shares, par value €0.02 | ||
(e) | CUSIP Number | |
N22035104 | ||
Item 3. | If this statement is filed pursuant to Rule | |
Not Applicable | ||
Item 4. | Ownership |
As of July 8, 2016:
(a) | Amount beneficially owned: |
D. E. Shaw & Co., L.P.: | 5,604,500 shares This is composed of (i) 3,618,178 shares in the name | |
David E. Shaw: | 5,604,500 shares This is composed of (i) 3,618,178 shares in the name |
(b) | Percent of class: |
D. E. Shaw & Co., L.P.: | 5.3% | |
David E. Shaw: | 5.3% |
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Page 5 of 6 – SEC Filing
(c) | Number of shares to which the person has: |
(i) | Sole power to vote or to direct the vote: |
D. E. Shaw & Co., L.P.: | -0- shares | |
David E. Shaw: | -0- shares |
(ii) | Shared power to vote or to direct the vote: |
D. E. Shaw & Co., L.P.: | 5,587,000 shares | |
David E. Shaw: | 5,587,000 shares |
(iii) | Sole power to dispose or to direct the disposition of: |
D. E. Shaw & Co., L.P.: | -0- shares | |
David E. Shaw: | -0- shares |
(iv) | Shared power to dispose or to direct the disposition of: |
D. E. Shaw & Co., L.P.: | 5,604,500 shares | |
David E. Shaw: | 5,604,500 shares |
David E. Shaw does not own any shares directly. By virtue of
David E. Shaw’s position as President and sole shareholder of D. E. Shaw & Co., Inc., which is the general partner of
D. E. Shaw & Co., L.P., which in turn is the manager and investment adviser of D. E. Shaw Valence Portfolios, L.L.C., the investment
adviser of D. E. Shaw Oculus Portfolios, L.L.C., and the managing member of (i) D. E. Shaw Investment Management, L.L.C., (ii)
D. E. Shaw Heliant Adviser, L.L.C., which in turn is the investment adviser of D. E. Shaw Heliant Capital, L.L.C., and (iii) D.
E. Shaw Adviser II, L.L.C., which in turn is the investment adviser of D. E. Shaw Galvanic Portfolios, L.L.C., and by virtue of
David E. Shaw’s position as President and sole shareholder of D. E. Shaw & Co. II, Inc., which is the managing member
of D. E. Shaw & Co., L.L.C., which in turn is the manager of D. E. Shaw Oculus Portfolios, L.L.C. and the managing
member of (i) D. E. Shaw Heliant Manager, L.L.C., which in turn is the manager of D. E. Shaw Heliant Capital, L.L.C., and (ii)
D. E. Shaw Manager II, L.L.C., which in turn is the manager of D. E. Shaw Galvanic Portfolios, L.L.C., David E. Shaw may be deemed
to have the shared power to vote or direct the vote of 5,587,000 shares, and the shared power to dispose or direct the disposition
of 5,604,500 shares, the 5,604,500 shares as described above constituting 5.3% of the outstanding shares and, therefore, David
E. Shaw may be deemed to be the beneficial owner of such shares. David E. Shaw disclaims beneficial ownership of such
5,604,500 shares.
Item 5. | Ownership of Five Percent or Less of a Class |
Not Applicable | |
Item 6. | Ownership of More than Five Percent on Behalf of Another Person. |
Not Applicable | |
Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person. |
Not Applicable | |
Item 8. | Identification and Classification of Members of the Group |
Not Applicable | |
Item 9. | Notice of Dissolution of Group |
Not Applicable | |
Item 10. | Certification |
By signing below, each of D. E. Shaw & Co., L.P.
and David E. Shaw certify that, to the best of such reporting person’s knowledge and belief, the securities referred to above
were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of
the securities and were not acquired and are not held in connection with or as a participant in any transaction having such purposes
or effect.
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Page 6 of 6 – SEC Filing
SIGNATURE
After reasonable inquiry and to the best of their knowledge
and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. A Power of
Attorney, dated December 16, 2014, granted by David E. Shaw in favor of Nathan Thomas, is attached hereto.
Dated: July 18, 2016
D. E. Shaw & Co., L.P. | ||
By: | /s/ Nathan Thomas | |
Nathan Thomas | ||
Chief Compliance Officer | ||
David E. Shaw | ||
By: | /s/ Nathan Thomas | |
Nathan Thomas | ||
Attorney-in-Fact for David E. Shaw |