France recently updated their database of short positions held by firms. The latest in short position disclosures comes from Citadel Advisors. Just today, Citadel Europe increased their position in Nexans SA (EPA:NEX) (PINK:NXPRF) to 0.99 percent of the company’s outstanding shares. A total of five investment funds are shorting Nexans SA (EPA:NEX) (PINK:NXPRF) in France. Highbridge Capital has also been increasing its position, which now amounts to 0.94 percent. The largest single position is AKO Capital’s 3.7 percent position in the company. Nexans SA (EPA:NEX) (PINK:NXPRF)) is a cable company
We just added the full list of short positions from France, both current and historical. Some well known names of the investing community, like Jim Chanos, Steve Mandel and Paul Singer have negative bets in French businesses. Take a look, you will find some frequently shorted names.
Another frequently seen short bet in France is Neopost SA (EPA:NEO), a position of nine hedge funds including Steve Mandel’s Lone Pine Capital. Axial Capital just joined in with a 0.53 percent position. The aggreagte bet on Neopost SA (EPA:NEO) rougly equals 10 percent of Neopost SA (EPA:NEO)’s shares outstanding, with AKO Capital’s 3.31 percent stake as the largest single bet. Neopost SA (EPA:NEO) is a company that speacializes in mailing equipments and logistics with branches across Europe and America.
Meditor Capital Management disclosed a 0.56 percent position in Suez Environnement Company SA (EPA:SEV). This new position is very unique, as no other company is shorting the stock.
Other stocks that pop up frequently and seem to be hedge fund shorting favorites in France are, Alcatel Lucent SA (NYSE:ALU) (EPA: ALU), Peugeot SA (EPA:UG) (PINK:PEUGY) and PagesJaunes Groupe SA (EPA:PAJ). PagesJaunes Groupe SA (EPA:PAJ) is the short position of hedge fund titan, Paul Singer of Elliott Management Corp. Gemalto NV (EPA:GTO) is the short holding of five hedge funds, including the well known short seller, Jim Chanos of Kynikos Associates. Alcatel Lucent SA (NYSE:ALU) (EPA:ALU) is the short holding of Odey Asset Management and Marshall Wace, among others. Peugeot SA (EPA:UG) (PINK:PEUGY) is a position of seven different hedge funds, including famous names like, Odey Asset Management, D.E Shaw and Highbridge Capital.
