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.
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%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Barclays
London,
United Kingdom
|
+$122M |
| 2 |
BCC
Bain Capital Credit
Boston,
Massachusetts
|
+$64.4M |
| 3 |
FC
Finepoint Capital
Boston,
Massachusetts
|
+$36.7M |
| 4 |
CCM
Contrarian Capital Management
Greenwich,
Connecticut
|
+$25.4M |
| 5 |
MRCP
Maple Rock Capital Partners
Toronto,
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
London,
United Kingdom
|
-$2.6M |
| 4 |
KJHP
K.J. Harrison & Partners
Toronto,
Ontario, Canada
|
-$2.33M |
| 5 |
PCM
Prelude Capital Management
New York
|
-$2.13M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Osaic Holdings
Scottsdale,
Arizona
| – | -$9K | -799 | Closed |
|
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.