Algoma Steel
ASTL
95 hedge funds and large institutions have $292M invested in Algoma Steel in 2026 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 30 increasing their positions, 36 reducing their positions, and 15 closing their positions.
0.29% less ownership
Funds ownership: 68.54% → 68.25% (-0.29%)
2% less capital invested
Capital invested by funds: $297M → $292M (-$5.32M)
3% less funds holding
Funds holding: 98 → 95 (-3)
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
17% less repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 36
20% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 15
38% less call options, than puts
Call options by funds: $1.59M | Put options by funds: $2.55M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Brightline Capital Management
Miami,
Florida
|
+$7.97M |
| 2 |
Morgan Stanley
New York
|
+$7.08M |
| 3 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
+$5.91M |
| 4 |
MRCP
Maple Rock Capital Partners
Toronto,
Ontario, Canada
|
+$4.47M |
| 5 |
Two Sigma Investments
New York
|
+$3.71M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LC
Littlejohn & Co
Greenwich,
Connecticut
|
-$9.25M |
| 2 |
MI
MMCAP International
Grand Cayman,
Cayman Islands
|
-$9.08M |
| 3 |
SCM
Solas Capital Management
Darien,
Connecticut
|
-$4.33M |
| 4 |
Jane Street
New York
|
-$4.05M |
| 5 |
DSC
Donald Smith & Co
New York
|
-$3.61M |
ASTL Hedge Fund Activity: Q2 2026 in Review
95 of the 8,305 institutional investors tracked by Wall St. Rank reported a position in Algoma Steel (ASTL) for Q2 2026, worth a combined $292M — down 1.8% from $297M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of ASTL and 12 opened new positions — a net loss of 3 holders — while 36 trimmed existing stakes and 30 added.
The largest buyer was Brightline Capital Management, opening a new position worth an estimated $7.97M. The largest seller was Littlejohn & Co, cutting an estimated $9.25M.
- 95 institutional investors held Algoma Steel (ASTL) as of Q2 2026, down from 98 in Q1 2026.
- Funds reported $292M of Algoma Steel stock for Q2 2026, down 1.8% quarter-over-quarter.
- 12 funds opened new Algoma Steel positions in Q2 2026 and 15 closed out, a net change of -3 holders.
- The largest Algoma Steel buyer in Q2 2026 was Brightline Capital Management, an estimated $7.97M added.
- The largest Algoma Steel seller in Q2 2026 was Littlejohn & Co, an estimated $9.25M sold.
Based on aggregated 13F filings for Q2 2026.