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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
Simplex Trading
51
Simplex Trading
Illinois
$1.58M +$1.69M +176,362 New
ECM
52
Engine Capital Management
New York
$1.49M -$2.23M -231,837 -58%
Royal Bank of Canada
53
Royal Bank of Canada
Ontario, Canada
$1.37M +$427K +44,501 +41%
E
54
Ergoteles
New York
$1.3M +$1.39M +144,670 New
PAMP
55
Polar Asset Management Partners
Ontario, Canada
$1.28M +$1.37M +143,000 New
JF
56
Jump Financial
Illinois
$1.26M +$312K +32,468 +30%
SSA
57
Schonfeld Strategic Advisors
New York
$1.16M -$39.4K -4,100 -3%
TD Asset Management
58
TD Asset Management
Ontario, Canada
$1.15M +$1.24M +128,792 New
SM
59
Scoggin Management
New York
$1.12M -$5.28M -550,000 -82%
BAM
60
Burgundy Asset Management
Ontario, Canada
$1.11M +$39.4K +4,100 +3%
AA
61
Ancora Advisors
Ohio
$1.04M -$6.72K -700 -0.6%
CS
62
Credit Suisse
Switzerland
$1.01M +$1.08M +112,960 New
Susquehanna International Group
63
Susquehanna International Group
Pennsylvania
$1.01M +$1.08M +112,725 New
MCM
64
Moore Capital Management
New York
$974K -$2.05M -213,846 -66%
MFS
65
Mirabella Financial Services
United Kingdom
$914K +$982K +102,300 New
KLC
66
Kent Lake Capital
Nevada
$898K +$960K +100,000 New
M
67
Murchinson
Ontario, Canada
$898K +$960K +100,000 New
Millennium Management
68
Millennium Management
New York
$849K -$2.92M -304,133 -76%
Geode Capital Management
69
Geode Capital Management
Massachusetts
$837K +$362K +37,678 +68%
EGM
70
Engineers Gate Manager
New York
$807K +$863K +89,899 New
CP
71
CenterBook Partners
Connecticut
$742K +$628K +65,442 +380%
State of Wisconsin Investment Board
72
State of Wisconsin Investment Board
Wisconsin
$594K +$636K +66,185 New
ECM
73
ExodusPoint Capital Management
New York
$588K +$629K +65,530 New
PI
74
PEAK6 Investments
Illinois
$561K +$671K +69,851 New
OAC
75
OMERS Administration Corp
Ontario, Canada
$555K +$594K +61,800 New
1 2
3
4 5

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.