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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
PAMS
101
Pictet Asset Management (Switzerland)
Switzerland
$98.2K +$6.93K +907 +8%
CIC
102
Carnegie Investment Counsel
Ohio
$83.4K +$1.55K +203 +2%
NEI
103
Northwest & Ethical Investments
Ontario, Canada
$76.6K -$30.9K -4,039 -30%
Barclays
104
Barclays
United Kingdom
$73.8K -$23.7K -3,100 -25%
Deutsche Bank
105
Deutsche Bank
Germany
$53.5K – – –
SAM
106
Shell Asset Management
Netherlands
$53K +$2.38K +311 +5%
CM
107
Caption Management
Oklahoma
$41.1K +$38.9K +5,084 New
FIA
108
FNY Investment Advisers
New York
$24K -$7K -915 -23%
WAM
109
Wolverine Asset Management
Illinois
$21K +$19.9K +2,605 New
FDCDDQ
110
Federation des caisses Desjardins du Quebec
Quebec, Canada
$20.9K – – –
CFO
111
CVA Family Office
Colorado
$16.2K – – –
PH
112
Pinnacle Holdings
Oklahoma
$14.7K -$31.8K -4,164 -70%
Osaic Holdings
113
Osaic Holdings
Arizona
$3.64K -$3.46K -453 -50%
MA
114
MCF Advisors
Kentucky
$2.5K +$15 +2 +0.7%
TRCT
115
Tower Research Capital (TRC)
New York
$1K -$82.4K -10,782 -99%
PCM
116
Polus Capital Management
United Kingdom
– -$34.8M -5,483,119 Closed
FC
117
Finepoint Capital
Massachusetts
– -$20.4M -3,219,441 Closed
M
118
Murchinson
Ontario, Canada
– -$1.74M -274,429 Closed
EFI
119
EHP Funds Inc
Canada
– -$1.43M -225,974 Closed
Acadian Asset Management
120
Acadian Asset Management
Massachusetts
– -$1.28M -203,447 Closed
GTCM
121
Gyon Technologies Capital Management
New Jersey
– -$1.22M -191,701 Closed
VA
122
Verdad Advisers
Massachusetts
– -$1.17M -185,000 Closed
BFM
123
Boothbay Fund Management
New York
– -$870K -137,215 Closed
CSS
124
Cubist Systematic Strategies
Connecticut
– -$534K -84,177 Closed
AGM
125
Alpine Global Management
New York
– -$484K -76,329 Closed
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.