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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
Royal Bank of Canada
51
Royal Bank of Canada
Ontario, Canada
$1.22M +$931K +94,351 +671%
JF
52
Jump Financial
Illinois
$1.21M +$1.06M +107,632 New
Citadel Advisors
53
Citadel Advisors
Florida
$1.11M +$822K +83,323 +534%
DC
54
Diametric Capital
Massachusetts
$998K -$1.01M -102,443 -54%
MA
55
MYDA Advisors
New York
$900K +$423K +42,860 +115%
Bank of Montreal
56
Bank of Montreal
Ontario, Canada
$870K +$175K +17,698 +30%
CSS
57
Cubist Systematic Strategies
Connecticut
$768K +$575K +58,218 +579%
Renaissance Technologies
58
Renaissance Technologies
New York
$730K +$640K +64,900 New
GTCM
59
Gyon Technologies Capital Management
New Jersey
$668K -$739K -74,848 -56%
Geode Capital Management
60
Geode Capital Management
Massachusetts
$626K – – –
JP Morgan Chase
61
JP Morgan Chase
New York
$579K +$475K +48,108 +1,415%
JCA
62
Jade Capital Advisors
New Jersey
$563K +$493K +50,000 New
Acadian Asset Management
63
Acadian Asset Management
Massachusetts
$561K +$494K +50,100 New
AIP
64
ARS Investment Partners
New York
$543K -$98.7K -10,000 -17%
D.E. Shaw & Co
65
D.E. Shaw & Co
New York
$543K +$37.7K +3,818 +9%
Two Sigma Advisers
66
Two Sigma Advisers
New York
$466K +$409K +41,400 New
KC
67
Kepos Capital
New York
$425K – – –
GI
68
GAMCO Investors
Connecticut
$327K – – –
BFM
69
Boothbay Fund Management
New York
$281K +$247K +25,000 New
Goldman Sachs
70
Goldman Sachs
New York
$249K +$218K +22,097 New
BSG
71
Black Swift Group
Colorado
$236K +$207K +21,000 New
QC
72
Quadrature Capital
United Kingdom
$211K +$186K +18,800 New
HKAM
73
Horizon Kinetics Asset Management
New York
$205K – – –
Bank of America
74
Bank of America
North Carolina
$199K +$157K +15,958 +921%
CP
75
CenterBook Partners
Connecticut
$194K +$170K +17,234 New
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.