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Algoma Steel

114 hedge funds and large institutions have $424M invested in Algoma Steel in 2022 Q3 according to their latest regulatory filings, with 32 funds opening new positions, 33 increasing their positions, 33 reducing their positions, and 36 closing their positions.

New
Increased
Maintained
Reduced
Closed

630% more call options, than puts

Call options by funds: $4.64M | Put options by funds: $635K

0% more repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 33

4% less funds holding

Funds holding: 119114 (-5)

7.83% less ownership

Funds ownership: 70.74%62.91% (-7.8%)

11% less first-time investments, than exits

New positions opened: 32 | Existing positions closed: 36

55% less funds holding in top 10

Funds holding in top 10: 2210 (-12)

55% less capital invested

Capital invested by funds: $950M → $424M (-$526M)

Holders
114
Holders Change
-5
Holders Change %
-4.2%
% of All Funds
1.96%
Holding in Top 10
10
Holding in Top 10 Change
-12
Holding in Top 10 Change %
-54.55%
% of All Funds
0.17%
New
32
Increased
33
Reduced
33
Closed
36
Calls
$4.64M
Puts
$635K
Net Calls
+$4M
Net Calls Change
+$2.5M
Name Holding Trade Value Shares
Change
Change in
Stake
Goldman Sachs
26
Goldman Sachs
New York
$4.13M +$5.18M +579,474 +942%
BCM
27
Bornite Capital Management
New York
$3.86M +$5.36M +600,000 New
EFI
28
EHP Funds Inc
Canada
$3.81M -$6.81M -762,467 -56%
NM
29
Newtyn Management
New York
$3.81M -$8.12M -909,101 -61%
CSS
30
Cubist Systematic Strategies
Connecticut
$3.68M +$2M +223,539 +64%
Morgan Stanley
31
Morgan Stanley
New York
$3.38M -$5.08M -569,063 -52%
CIBC World Market
32
CIBC World Market
Ontario, Canada
$3M +$3.91M +438,165 +1,613%
HHAM
33
HITE Hedge Asset Management
Massachusetts
$2.93M -$27.3K -3,058 -0.7%
Bank of Nova Scotia
34
Bank of Nova Scotia
Ontario, Canada
$2.77M +$2.06M +230,377 +115%
MCM
35
Moore Capital Management
New York
$2.08M +$1.92M +215,303 +199%
TD Asset Management
36
TD Asset Management
Ontario, Canada
$1.9M +$1.44M +161,351 +125%
Public Sector Pension Investment Board (PSP Investments)
37
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$1.57M -$151K -16,871 -6%
Arrowstreet Capital
38
Arrowstreet Capital
Massachusetts
$1.55M +$481K +53,899 +29%
PIC
39
PCJ Investment Counsel
Ontario, Canada
$1.47M -$223K -25,000 -10%
American Century Companies
40
American Century Companies
Missouri
$1.45M +$2.01M +225,204 New
RAM
41
Roumell Asset Management
Maryland
$1.45M +$357K +40,000 +22%
IAM
42
Ion Asset Management
Israel
$1.44M -$4.26M -476,999 -68%
Swiss National Bank
43
Swiss National Bank
Switzerland
$1.39M +$24.1K +2,696 +1%
Nomura Holdings
44
Nomura Holdings
Japan
$1.29M -$2.15M -240,748 -55%
PAMP
45
Polar Asset Management Partners
Ontario, Canada
$1.24M +$436K +48,769 +34%
Geode Capital Management
46
Geode Capital Management
Massachusetts
$1.19M +$667K +74,656 +80%
GCWM
47
Graham Capital Wealth Management
District of Columbia
$1.12M -$34.1K -3,823 -2%
Royal Bank of Canada
48
Royal Bank of Canada
Ontario, Canada
$1.02M +$51.6K +5,775 +4%
Ameriprise
49
Ameriprise
Minnesota
$882K +$1.22M +136,623 New
ACA
50
Apis Capital Advisors
New York
$773K -$545K -61,000 -34%

ASTL Hedge Fund Activity: Q3 2022 in Review

114 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Algoma Steel (ASTL) for Q3 2022, worth a combined $424M — down 55% from $950M a quarter earlier.

Sellers outnumbered buyers: 36 funds closed out of ASTL and 32 opened new positions — a net loss of 4 holders — while 33 trimmed existing stakes and 33 added.

The largest buyer was Donald Smith & Co, opening a new position worth an estimated $28.7M. The largest seller was Bain Capital Credit, cutting an estimated $134M.

  • 114 institutional investors held Algoma Steel (ASTL) as of Q3 2022, down from 119 in Q2 2022.
  • Funds reported $424M of Algoma Steel stock for Q3 2022, down 55% quarter-over-quarter.
  • 32 funds opened new Algoma Steel positions in Q3 2022 and 36 closed out, a net change of -4 holders.
  • The largest Algoma Steel buyer in Q3 2022 was Donald Smith & Co, an estimated $28.7M added.
  • The largest Algoma Steel seller in Q3 2022 was Bain Capital Credit, an estimated $134M sold.

Based on aggregated 13F filings for Q3 2022.