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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
Toronto Dominion Bank
101
Toronto Dominion Bank
Ontario, Canada
$64K
National Bank of Canada
102
National Bank of Canada
Quebec, Canada
$64K +$9.33K +1,045 +12%
Barclays
103
Barclays
United Kingdom
$58K -$94.1M -10,540,150 -100%
SAM
104
Shell Asset Management
Netherlands
$52K -$14.4K -1,616 -17%
PH
105
Pinnacle Holdings
Oklahoma
$46.8K +$64.9K +7,266 New
UIA
106
Ulland Investment Advisors
Minnesota
$40K
UBS Group
107
UBS Group
Switzerland
$34K +$47.7K +5,342 New
FIA
108
FNY Investment Advisers
New York
$25K -$3.49M -390,857 -99%
FDCDDQ
109
Federation des caisses Desjardins du Quebec
Quebec, Canada
$16.7K
CFO
110
CVA Family Office
Colorado
$13K
Osaic Holdings
111
Osaic Holdings
Arizona
$6K
TRCT
112
Tower Research Capital (TRC)
New York
$5K +$6.28K +703 New
Bank of Montreal
113
Bank of Montreal
Ontario, Canada
$3.55K +$3.33M +372,406 +488%
MA
114
MCF Advisors
Kentucky
$2K +$36 +4 +1%
MCM
115
Mason Capital Management
New York
-$31.8M -3,543,769 Closed
BCL
116
Bracebridge Capital LLC
Massachusetts
-$20.7M -2,305,327 Closed
BO
117
BRR OpCo
Ohio
-$27.5M -1,060,663 Closed
SPC
118
Silver Point Capital
Connecticut
-$5.5M -616,185 Closed
Voloridge Investment Management
119
Voloridge Investment Management
Florida
-$2.4M -267,264 Closed
GCM
120
Granby Capital Management
Florida
-$2.25M -250,000 Closed
Simplex Trading
121
Simplex Trading
Illinois
-$1.58M -176,362 Closed
SC
122
Saltoro Capital
Texas
-$1.58M -176,276 Closed
ECM
123
Engine Capital Management
New York
-$1.49M -166,112 Closed
E
124
Ergoteles
New York
-$1.3M -144,670 Closed
JF
125
Jump Financial
Illinois
-$1.26M -140,100 Closed

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.