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Algoma Steel

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: 119114 (-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: 2210 (-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
Name Holding Trade Value Shares
Change
Change in
Stake
PCM
76
Prelude Capital Management
New York
$211K -$65.4K -7,322 -18%
ECM
77
ExodusPoint Capital Management
New York
$194K -$316K -35,401 -54%
GAM
78
Gotham Asset Management
New York
$181K +$250K +28,040 New
EC
79
EJF Capital
Virginia
$174K
XT
80
XTX Topco
Cayman Islands
$167K +$231K +25,855 New
LPL Financial
81
LPL Financial
California
$143K
OSAM
82
O'Shaughnessy Asset Management
Connecticut
$140K +$195K +21,786 New
M
83
Murchinson
Ontario, Canada
$138K -$702K -78,637 -79%
Susquehanna International Group
84
Susquehanna International Group
Pennsylvania
$134K -$822K -91,980 -82%
DekaBank Deutsche Girozentrale
85
DekaBank Deutsche Girozentrale
Germany
$130K +$173K +19,403 New
NEI
86
Northwest & Ethical Investments
Ontario, Canada
$129K +$179K +20,011 New
SOW
87
State of Wyoming
Wyoming
$122K +$169K +18,894 New
HKAM
88
Horizon Kinetics Asset Management
New York
$118K +$643 +72 +0.4%
AGC
89
Alden Global Capital
Florida
$113K
SWM
90
SeaCrest Wealth Management
New York
$113K +$157K +17,549 New
Jane Street
91
Jane Street
New York
$110K -$5.38M -602,687 -97%
AWS
92
Atria Wealth Solutions
New York
$106K +$147K +16,500 New
Verition Fund Management
93
Verition Fund Management
Connecticut
$97K -$795 -89 -0.6%
Legal & General Group
94
Legal & General Group
United Kingdom
$94K +$24.9K +2,793 +24%
CB
95
Commerce Bank
Missouri
$93K
PGCM
96
Prescott Group Capital Management
Oklahoma
$84K -$2.13M -238,722 -95%
Grantham, Mayo, Van Otterloo & Co (GMO)
97
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
$76K +$105K +11,700 New
QT
98
Quantamental Technologies
New York
$70K +$96.5K +10,800 New
BFM
99
Boothbay Fund Management
New York
$69K -$351K -39,319 -79%
Zurich Cantonal Bank
100
Zurich Cantonal Bank
Switzerland
$67K

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.