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Algoma Steel
ASTL

119 hedge funds and large institutions have $950M invested in Algoma Steel in 2022 Q2 according to their latest regulatory filings, with 47 funds opening new positions, 39 increasing their positions, 27 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

194% more first-time investments, than exits

New positions opened: 47 | Existing positions closed: 16

44% more repeat investments, than reductions

Existing positions increased: 39 | Existing positions reduced: 27

35% more funds holding

Funds holding: 88 → 119 (+31)

27% more call options, than puts

Call options by funds: $7.12M | Put options by funds: $5.62M

7.15% more ownership

Funds ownership: 63.58% → 70.74% (+7.2%)

0% more funds holding in top 10

Funds holding in top 10: 22 → 22 (0)

10% less capital invested

Capital invested by funds: $1.05B → $950M (-$104M)

Holders
119
Holders Change
+31
Holders Change %
+35.23%
% of All Funds
2%
Holding in Top 10
22
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.37%
New
47
Increased
39
Reduced
27
Closed
16
Calls
$7.12M
Puts
$5.62M
Net Calls
+$1.5M
Net Calls Change
+$1.5M

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$27.8M
2
ISSM
Invesco Senior Secured Management
New York
+$19.2M
3
MCM
Mason Capital Management
New York
+$12.3M
4
LCM
Lonestar Capital Management
California
+$12.2M
5
PCM
Philosophy Capital Management
California
+$10.7M

Top Sellers

Rank Fund Capital Flow
1
MAMNY
Marathon Asset Management (New York)
New York
-$19.1M
2
Barclays
Barclays
United Kingdom
-$17.8M
3
GAM
Goldentree Asset Management
New York
-$14.1M
4
GRIM
Greenhaven Road Investment Management
Connecticut
-$6.3M
5
AGC
Alden Global Capital
Florida
-$6.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
GAI
26
General American Investors
New York
$7.37M +$7.88M +820,960 New
GJL
27
Gendell Jeffrey L
$7.34M +$2.57M +267,696 +49%
Fidelity Investments
28
Fidelity Investments
Massachusetts
$6.95M – – –
IAM
29
Ion Asset Management
Israel
$6.3M +$992K +103,244 +17%
Jane Street
30
Jane Street
New York
$5.57M +$5.95M +619,831 New
SPC
31
Silver Point Capital
Connecticut
$5.5M – – –
Renaissance Technologies
32
Renaissance Technologies
New York
$4.62M +$4.31M +449,093 +692%
HHAM
33
HITE Hedge Asset Management
Massachusetts
$4.12M -$233K -24,271 -5%
Nomura Holdings
34
Nomura Holdings
Japan
$4.05M +$2.08M +216,484 +97%
FIA
35
FNY Investment Advisers
New York
$3.54M +$3.74M +389,857 +7,797%
CSS
36
Cubist Systematic Strategies
Connecticut
$3.12M +$2.68M +279,135 +409%
Acadian Asset Management
37
Acadian Asset Management
Massachusetts
$2.97M +$2.72M +283,550 +566%
Voloridge Investment Management
38
Voloridge Investment Management
Florida
$2.4M +$2.57M +267,264 New
Public Sector Pension Investment Board (PSP Investments)
39
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$2.38M +$2.5M +260,000 New
PIC
40
PCJ Investment Counsel
Ontario, Canada
$2.27M -$153K -15,900 -6%
PGCM
41
Prescott Group Capital Management
Oklahoma
$2.26M +$2.42M +251,727 New
GCM
42
Granby Capital Management
Florida
$2.25M +$480K +50,000 +25%
NPGCU
43
Napier Park Global Capital (US)
New York
$2.06M -$735K -76,552 -25%
Swiss National Bank
44
Swiss National Bank
Switzerland
$1.88M +$2.02M +210,711 New
Bank of Nova Scotia
45
Bank of Nova Scotia
Ontario, Canada
$1.79M +$1.92M +200,000 New
Arrowstreet Capital
46
Arrowstreet Capital
Massachusetts
$1.67M +$1.79M +186,688 New
RAM
47
Roumell Asset Management
Maryland
$1.66M +$1.78M +185,000 New
ACA
48
Apis Capital Advisors
New York
$1.63M +$490K +51,000 +39%
GCWM
49
Graham Capital Wealth Management
District of Columbia
$1.59M -$4.96K -516 -0.3%
SC
50
Saltoro Capital
Texas
$1.58M -$887K -92,358 -34%
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ASTL Hedge Fund Activity: Q2 2022 in Review

119 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in Algoma Steel (ASTL) for Q2 2022, worth a combined $950M — down 9.9% from $1.05B a quarter earlier.

Buyers outnumbered sellers: 47 funds opened new ASTL positions and 16 closed out — a net gain of 31 holders — while 39 added to existing stakes and 27 trimmed.

The largest buyer was Bank of America, adding an estimated $27.8M. The largest seller was Marathon Asset Management (New York), exiting entirely with an estimated $19.1M sold.

  • 119 institutional investors held Algoma Steel (ASTL) as of Q2 2022, up from 88 in Q1 2022.
  • Funds reported $950M of Algoma Steel stock for Q2 2022, down 9.9% quarter-over-quarter.
  • 47 funds opened new Algoma Steel positions in Q2 2022 and 16 closed out, a net change of +31 holders.
  • The largest Algoma Steel buyer in Q2 2022 was Bank of America, an estimated $27.8M added.
  • The largest Algoma Steel seller in Q2 2022 was Marathon Asset Management (New York), an estimated $19.1M sold.

Based on aggregated 13F filings for Q2 2022.