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Algoma Steel
ASTL

114 hedge funds and large institutions have $534M invested in Algoma Steel in 2023 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 50 increasing their positions, 28 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

245% more call options, than puts

Call options by funds: $14.1M | Put options by funds: $4.08M

79% more repeat investments, than reductions

Existing positions increased: 50 | Existing positions reduced: 28

14% more capital invested

Capital invested by funds: $467M → $534M (+$67.2M)

0% more funds holding in top 10

Funds holding in top 10: 11 → 11 (0)

4% less funds holding

Funds holding: 119 → 114 (-5)

7.95% less ownership

Funds ownership: 70.89% → 62.94% (-7.9%)

18% less first-time investments, than exits

New positions opened: 18 | Existing positions closed: 22

Holders
114
Holders Change
-5
Holders Change %
-4.2%
% of All Funds
1.82%
Holding in Top 10
11
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.18%
New
18
Increased
50
Reduced
28
Closed
22
Calls
$14.1M
Puts
$4.08M
Net Calls
+$10M
Net Calls Change
+$6.65M

Top Buyers

Rank Fund Capital Flow
1
TCM
Thomist Capital Management
Texas
+$9.35M
2
BlackRock
BlackRock
New York
+$9.35M
3
IIM
Intact Investment Management
Quebec, Canada
+$7.51M
4
DSC
Donald Smith & Co
New York
+$7.35M
5
TC
Towle & Co
Colorado
+$6.82M

Top Sellers

Rank Fund Capital Flow
1
PCM
Polus Capital Management
United Kingdom
-$34.8M
2
FC
Finepoint Capital
Massachusetts
-$20.4M
3
BCC
Bain Capital Credit
Massachusetts
-$12.3M
4
Man Group
Man Group
United Kingdom
-$10.8M
5
WHCM
Wolf Hill Capital Management
Connecticut
-$8.79M
Name Holding Trade Value Shares
Change 		Change in
Stake
AWS
76
Atria Wealth Solutions
New York
$327K +$38.2K +5,000 +14%
Mackenzie Financial
77
Mackenzie Financial
Ontario, Canada
$310K -$20.1K -2,626 -6%
PCM
78
Prelude Capital Management
New York
$296K +$31.6K +4,134 +13%
AFA
79
Alta Fundamental Advisers
New York
$270K +$255K +33,384 New
DekaBank Deutsche Girozentrale
80
DekaBank Deutsche Girozentrale
Germany
$251K – – –
SNT
81
SIG North Trading
Pennsylvania
$251K +$238K +31,064 New
EC
82
EJF Capital
Virginia
$218K – – –
AA
83
Ancora Advisors
Ohio
$214K -$1.41M -184,834 -87%
OSAM
84
O'Shaughnessy Asset Management
Connecticut
$202K +$51.1K +6,686 +37%
PFMU
85
Privium Fund Management (UK)
United Kingdom
$200K – – –
AIMCA
86
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$196K -$267K -34,901 -59%
Russell Investments Group
87
Russell Investments Group
United Kingdom
$191K -$706K -92,289 -79%
Wolverine Trading
88
Wolverine Trading
Illinois
$185K +$183K +23,899 New
Two Sigma Investments
89
Two Sigma Investments
New York
$175K +$165K +21,600 New
E
90
Ergoteles
New York
$172K +$163K +21,303 New
JP Morgan Chase
91
JP Morgan Chase
New York
$163K +$154K +20,170 New
HKAM
92
Horizon Kinetics Asset Management
New York
$150K +$833 +109 +0.6%
Toronto Dominion Bank
93
Toronto Dominion Bank
Ontario, Canada
$138K +$9.08K +1,187 +7%
SOW
94
State of Wyoming
Wyoming
$131K -$73.7K -9,637 -37%
QT
95
Quantamental Technologies
New York
$128K +$121K +15,826 New
Legal & General Group
96
Legal & General Group
United Kingdom
$121K +$4.06K +531 +4%
Corient Private Wealth
97
Corient Private Wealth
Florida
$121K +$115K +15,000 New
CB
98
Commerce Bank
Missouri
$116K – – –
Zurich Cantonal Bank
99
Zurich Cantonal Bank
Switzerland
$106K – – –
AllianceBernstein
100
AllianceBernstein
Tennessee
$98.4K – – –
2 3
4
5 6

ASTL Hedge Fund Activity: Q1 2023 in Review

114 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Algoma Steel (ASTL) for Q1 2023, worth a combined $534M — up 14% from $467M a quarter earlier.

Sellers outnumbered buyers: 22 funds closed out of ASTL and 18 opened new positions — a net loss of 4 holders — while 28 trimmed existing stakes and 50 added.

The largest buyer was Thomist Capital Management, opening a new position worth an estimated $9.35M. The largest seller was Polus Capital Management, exiting entirely with an estimated $34.8M sold.

  • 114 institutional investors held Algoma Steel (ASTL) as of Q1 2023, down from 119 in Q4 2022.
  • Funds reported $534M of Algoma Steel stock for Q1 2023, up 14% quarter-over-quarter.
  • 18 funds opened new Algoma Steel positions in Q1 2023 and 22 closed out, a net change of -4 holders.
  • The largest Algoma Steel buyer in Q1 2023 was Thomist Capital Management, an estimated $9.35M added.
  • The largest Algoma Steel seller in Q1 2023 was Polus Capital Management, an estimated $34.8M sold.

Based on aggregated 13F filings for Q1 2023.