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Algoma Steel
ASTL

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: 119 → 114 (-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: 22 → 10 (-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

Top Buyers

Rank Fund Capital Flow
1
DSC
Donald Smith & Co
New York
+$28.7M
2
Millennium Management
Millennium Management
New York
+$12.4M
3
Renaissance Technologies
Renaissance Technologies
New York
+$12.3M
4
Man Group
Man Group
United Kingdom
+$11.3M
5
Acadian Asset Management
Acadian Asset Management
Massachusetts
+$8.06M

Top Sellers

Rank Fund Capital Flow
1
BCC
Bain Capital Credit
Massachusetts
-$134M
2
Barclays
Barclays
United Kingdom
-$94.1M
3
MP
MSD Partners
New York
-$39M
4
MCM
Mason Capital Management
New York
-$31.8M
5
BO
BRR OpCo
Ohio
-$27.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
AA
51
Ancora Advisors
Ohio
$745K – – –
CS
52
Credit Suisse
Switzerland
$728K +$214 +24 +0%
CP
53
CenterBook Partners
Connecticut
$717K +$256K +28,692 +35%
VanEck Associates
54
VanEck Associates
New York
$668K +$926K +103,716 New
Bank of America
55
Bank of America
North Carolina
$661K -$25.1M -2,811,737 -96%
Russell Investments Group
56
Russell Investments Group
United Kingdom
$659K +$915K +102,434 New
HP
57
Hartree Partners
New York
$596K +$826K +92,511 New
CIBC Asset Management
58
CIBC Asset Management
Ontario, Canada
$589K +$813K +91,013 New
GTCM
59
Gyon Technologies Capital Management
New Jersey
$569K +$789K +88,282 New
DC
60
Diametric Capital
Massachusetts
$509K +$179K +20,011 +34%
Manulife (Manufacturers Life Insurance)
61
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$482K +$661K +74,060 New
PP
62
PDT Partners
New York
$475K +$658K +73,724 New
Neuberger Berman Group
63
Neuberger Berman Group
New York
$460K +$635K +71,071 New
PC
64
Prairiewood Capital
North Dakota
$450K +$624K +69,852 New
Connor, Clark & Lunn Investment Management (CC&L)
65
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$384K +$533K +59,700 New
Mackenzie Financial
66
Mackenzie Financial
Ontario, Canada
$364K +$73.2K +8,200 +17%
AGM
67
Alpine Global Management
New York
$361K +$393K +44,023 +367%
Vanguard Group
68
Vanguard Group
Pennsylvania
$341K – – –
AFM
69
Anson Funds Management
Texas
$322K +$447K +50,000 New
AIP
70
ARS Investment Partners
New York
$316K -$17.9K -2,000 -4%
Invesco
71
Invesco
Georgia
$270K +$374K +41,918 New
GI
72
GAMCO Investors
Connecticut
$266K +$20.3K +2,275 +6%
BCIM
73
British Columbia Investment Management
British Columbia, Canada
$256K +$356K +39,851 New
JP Morgan Chase
74
JP Morgan Chase
New York
$244K +$338K +37,837 New
KC
75
Kepos Capital
New York
$243K – – –
1 2
3
4 5

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.