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Algoma Steel

110 hedge funds and large institutions have $464M invested in Algoma Steel in 2023 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 32 increasing their positions, 40 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

918% more call options, than puts

Call options by funds: $16.9M | Put options by funds: $1.66M

22% more funds holding in top 10

Funds holding in top 10: 911 (+2)

1.01% more ownership

Funds ownership: 64.65%65.67% (+1%)

3% less capital invested

Capital invested by funds: $476M → $464M (-$12.6M)

6% less funds holding

Funds holding: 117110 (-7)

20% less repeat investments, than reductions

Existing positions increased: 32 | Existing positions reduced: 40

35% less first-time investments, than exits

New positions opened: 11 | Existing positions closed: 17

Holders
110
Holders Change
-7
Holders Change %
-5.98%
% of All Funds
1.75%
Holding in Top 10
11
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+22.22%
% of All Funds
0.17%
New
11
Increased
32
Reduced
40
Closed
17
Calls
$16.9M
Puts
$1.66M
Net Calls
+$15.2M
Net Calls Change
-$3.97M
Name Holding Trade Value Shares
Change
Change in
Stake
NM
26
Newtyn Management
New York
$4.02M
Bank of Montreal
27
Bank of Montreal
Ontario, Canada
$3.89M -$270K -37,607 -7%
Goldman Sachs
28
Goldman Sachs
New York
$3.28M +$62.4K +8,697 +2%
Morgan Stanley
29
Morgan Stanley
New York
$3.18M +$509K +70,961 +18%
BCL
30
Bracebridge Capital LLC
Massachusetts
$2.98M +$703K +97,931 +29%
Geode Capital Management
31
Geode Capital Management
Massachusetts
$2.21M -$162K -22,546 -8%
CIBC World Market
32
CIBC World Market
Ontario, Canada
$1.91M -$694K -96,652 -26%
TD Asset Management
33
TD Asset Management
Ontario, Canada
$1.72M -$70.3K -9,795 -4%
PAMP
34
Polar Asset Management Partners
Ontario, Canada
$1.57M
CP
35
CenterBook Partners
Connecticut
$1.46M -$490K -68,329 -24%
Public Sector Pension Investment Board (PSP Investments)
36
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$1.43M +$39.7K +5,526 +3%
HP
37
Hartree Partners
New York
$1.41M
Renaissance Technologies
38
Renaissance Technologies
New York
$1.4M -$2M -278,422 -58%
Swiss National Bank
39
Swiss National Bank
Switzerland
$1.32M
CM
40
CoreCommodity Management
Connecticut
$1.29M +$2.91K +406 +0.2%
MA
41
Mutual Advisors
Nebraska
$1.16M -$82.7K -11,530 -6%
ICM
42
Invenomic Capital Management
Massachusetts
$1.15M -$41.9K -5,836 -3%
CM
43
CastleKnight Management
New York
$1.05M +$1.11M +154,900 New
JP Morgan Chase
44
JP Morgan Chase
New York
$990K +$750K +104,586 +255%
Russell Investments Group
45
Russell Investments Group
United Kingdom
$886K -$23.1K -3,215 -2%
Royal Bank of Canada
46
Royal Bank of Canada
Ontario, Canada
$788K -$360K -50,179 -30%
CS
47
Credit Suisse
Switzerland
$702K -$53.6K -7,464 -7%
Invesco
48
Invesco
Georgia
$692K -$24.7K -3,447 -3%
Citadel Advisors
49
Citadel Advisors
Florida
$646K +$264K +36,814 +63%
VanEck Associates
50
VanEck Associates
New York
$621K -$160K -22,347 -20%

ASTL Hedge Fund Activity: Q3 2023 in Review

110 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Algoma Steel (ASTL) for Q3 2023, worth a combined $464M — down 2.7% from $476M a quarter earlier.

Sellers outnumbered buyers: 17 funds closed out of ASTL and 11 opened new positions — a net loss of 6 holders — while 40 trimmed existing stakes and 32 added.

The largest buyer was Weiss Multi-Strategy Advisers, adding an estimated $11.6M. The largest seller was Contrarian Capital Management, cutting an estimated $5.73M.

  • 110 institutional investors held Algoma Steel (ASTL) as of Q3 2023, down from 117 in Q2 2023.
  • Funds reported $464M of Algoma Steel stock for Q3 2023, down 2.7% quarter-over-quarter.
  • 11 funds opened new Algoma Steel positions in Q3 2023 and 17 closed out, a net change of -6 holders.
  • The largest Algoma Steel buyer in Q3 2023 was Weiss Multi-Strategy Advisers, an estimated $11.6M added.
  • The largest Algoma Steel seller in Q3 2023 was Contrarian Capital Management, an estimated $5.73M sold.

Based on aggregated 13F filings for Q3 2023.