Algoma Steel
ASTL
119 hedge funds and large institutions have $467M invested in Algoma Steel in 2022 Q4 according to their latest regulatory filings, with 25 funds opening new positions, 38 increasing their positions, 38 reducing their positions, and 20 closing their positions.
554% more call options, than puts
Call options by funds: $3.95M | Put options by funds: $605K
25% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 20
10% more capital invested
Capital invested by funds: $424M → $467M (+$42.7M)
10% more funds holding in top 10
Funds holding in top 10: 10 → 11 (+1)
7.98% more ownership
Funds ownership: 62.91% → 70.89% (+8%)
4% more funds holding
Funds holding: 114 → 119 (+5)
0% more repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 38
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DSC
Donald Smith & Co
New York
|
+$20.5M |
| 2 |
WHCM
Wolf Hill Capital Management
Greenwich,
Connecticut
|
+$15.3M |
| 3 |
TC
Towle & Co
Denver,
Colorado
|
+$11.4M |
| 4 |
GJL
Gendell Jeffrey L
|
+$5.95M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
+$2.54M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Acadian Asset Management
Boston,
Massachusetts
|
-$6.77M |
| 2 |
CCM
Contrarian Capital Management
Greenwich,
Connecticut
|
-$6.66M |
| 3 |
LCM
Lonestar Capital Management
San Francisco,
California
|
-$6.44M |
| 4 |
CIM
Contrarius Investment Management
St. Helier,
Jersey
|
-$4.75M |
| 5 |
BCC
Bain Capital Credit
Boston,
Massachusetts
|
-$4.43M |
ASTL Hedge Fund Activity: Q4 2022 in Review
119 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Algoma Steel (ASTL) for Q4 2022, worth a combined $467M — up 10% from $424M a quarter earlier.
Buyers outnumbered sellers: 25 funds opened new ASTL positions and 20 closed out — a net gain of 5 holders — while 38 added to existing stakes and 38 trimmed.
The largest buyer was Donald Smith & Co, adding an estimated $20.5M. The largest seller was Acadian Asset Management, cutting an estimated $6.77M.
- 119 institutional investors held Algoma Steel (ASTL) as of Q4 2022, up from 114 in Q3 2022.
- Funds reported $467M of Algoma Steel stock for Q4 2022, up 10% quarter-over-quarter.
- 25 funds opened new Algoma Steel positions in Q4 2022 and 20 closed out, a net change of +5 holders.
- The largest Algoma Steel buyer in Q4 2022 was Donald Smith & Co, an estimated $20.5M added.
- The largest Algoma Steel seller in Q4 2022 was Acadian Asset Management, an estimated $6.77M sold.
Based on aggregated 13F filings for Q4 2022.