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Algoma Steel
ASTL

88 hedge funds and large institutions have $1.05B invested in Algoma Steel in 2022 Q1 according to their latest regulatory filings, with 33 funds opening new positions, 31 increasing their positions, 11 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

182% more repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 11

154% more first-time investments, than exits

New positions opened: 33 | Existing positions closed: 13

64% more capital invested

Capital invested by funds: $645M → $1.05B (+$410M)

47% more funds holding in top 10

Funds holding in top 10: 15 → 22 (+7)

29% more funds holding

Funds holding: 68 → 88 (+20)

8.29% more ownership

Funds ownership: 55.29% → 63.58% (+8.3%)

Holders
88
Holders Change
+20
Holders Change %
+29.41%
% of All Funds
1.39%
Holding in Top 10
22
Holding in Top 10 Change
+7
Holding in Top 10 Change %
+46.67%
% of All Funds
0.35%
New
33
Increased
31
Reduced
11
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Barclays
Barclays
United Kingdom
+$122M
2
BCC
Bain Capital Credit
Massachusetts
+$64.4M
3
FC
Finepoint Capital
Massachusetts
+$36.7M
4
CCM
Contrarian Capital Management
Connecticut
+$25.4M
5
MRCP
Maple Rock Capital Partners
Ontario, Canada
+$20.2M

Top Sellers

Rank Fund Capital Flow
1
MP
MSD Partners
New York
-$55.9M
2
PC
PointState Capital
New York
-$9.2M
3
Marshall Wace
Marshall Wace
United Kingdom
-$2.6M
4
KJHP
K.J. Harrison & Partners
Ontario, Canada
-$2.33M
5
PCM
Prelude Capital Management
New York
-$2.13M
Name Holding Trade Value Shares
Change 		Change in
Stake
GRIM
26
Greenhaven Road Investment Management
Connecticut
$6.3M +$5.53M +560,000 New
SPC
27
Silver Point Capital
Connecticut
$6.22M +$2.03M +205,394 +50%
GJL
28
Gendell Jeffrey L
$6.18M +$2.17M +219,881 +67%
HHAM
29
HITE Hedge Asset Management
Massachusetts
$5.43M -$172K -17,394 -3%
ISSM
30
Invesco Senior Secured Management
New York
$4.78M +$4.19M +424,585 New
Millennium Management
31
Millennium Management
New York
$4.49M +$2.53M +256,599 +180%
ECM
32
Engine Capital Management
New York
$4.48M -$231K -23,424 -6%
Two Sigma Investments
33
Two Sigma Investments
New York
$3.75M +$3.29M +333,702 New
Morgan Stanley
34
Morgan Stanley
New York
$3.7M +$670K +67,912 +26%
MCM
35
Moore Capital Management
New York
$3.63M -$977K -99,027 -24%
PIC
36
PCJ Investment Counsel
Ontario, Canada
$3.03M +$691K +70,000 +35%
SC
37
Saltoro Capital
Texas
$3.02M -$841K -85,197 -24%
BC
38
Brookfield Corp
Ontario, Canada
$2.95M +$61.5K +6,230 +2%
Nomura Holdings
39
Nomura Holdings
Japan
$2.65M +$354K +35,870 +19%
NPGCU
40
Napier Park Global Capital (US)
New York
$2.58M – – –
Marshall Wace
41
Marshall Wace
United Kingdom
$2.28M -$2.6M -263,567 -57%
GCM
42
Granby Capital Management
Florida
$2.25M +$1.97M +200,000 New
GCWM
43
Graham Capital Wealth Management
District of Columbia
$2M +$1.75M +177,808 New
OQS
44
Occudo Quantitative Strategies
Florida
$1.83M +$1.61M +163,112 New
ICM
45
Ionic Capital Management
New York
$1.71M -$780K -78,987 -34%
CM
46
CastleKnight Management
New York
$1.53M +$1.34M +135,800 New
SSA
47
Schonfeld Strategic Advisors
New York
$1.51M +$1.33M +134,300 New
ACA
48
Apis Capital Advisors
New York
$1.46M +$296K +30,000 +30%
BAM
49
Burgundy Asset Management
Ontario, Canada
$1.35M +$1.19M +120,380 New
AA
50
Ancora Advisors
Ohio
$1.31M +$4.93K +500 +0.4%
1
2
3 4 5

ASTL Hedge Fund Activity: Q1 2022 in Review

88 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in Algoma Steel (ASTL) for Q1 2022, worth a combined $1.05B — up 64% from $645M a quarter earlier.

Buyers outnumbered sellers: 33 funds opened new ASTL positions and 13 closed out — a net gain of 20 holders — while 31 added to existing stakes and 11 trimmed.

The largest buyer was Barclays, opening a new position worth an estimated $122M. The largest seller was MSD Partners, cutting an estimated $55.9M.

  • 88 institutional investors held Algoma Steel (ASTL) as of Q1 2022, up from 68 in Q4 2021.
  • Funds reported $1.05B of Algoma Steel stock for Q1 2022, up 64% quarter-over-quarter.
  • 33 funds opened new Algoma Steel positions in Q1 2022 and 13 closed out, a net change of +20 holders.
  • The largest Algoma Steel buyer in Q1 2022 was Barclays, an estimated $122M added.
  • The largest Algoma Steel seller in Q1 2022 was MSD Partners, an estimated $55.9M sold.

Based on aggregated 13F filings for Q1 2022.