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Algoma Steel

117 hedge funds and large institutions have $476M invested in Algoma Steel in 2023 Q2 according to their latest regulatory filings, with 18 funds opening new positions, 36 increasing their positions, 34 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,134% more call options, than puts

Call options by funds: $20.9M | Put options by funds: $1.69M

20% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 15

3% more funds holding

Funds holding: 114117 (+3)

1.71% more ownership

Funds ownership: 62.94%64.65% (+1.7%)

6% more repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 34

11% less capital invested

Capital invested by funds: $534M → $476M (-$58M)

18% less funds holding in top 10

Funds holding in top 10: 119 (-2)

Holders
117
Holders Change
+3
Holders Change %
+2.63%
% of All Funds
1.84%
Holding in Top 10
9
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-18.18%
% of All Funds
0.14%
New
18
Increased
36
Reduced
34
Closed
15
Calls
$20.9M
Puts
$1.69M
Net Calls
+$19.2M
Net Calls Change
+$9.18M
Name Holding Trade Value Shares
Change
Change in
Stake
UBS Group
101
UBS Group
Switzerland
$78.7K +$82.3K +11,091 New
CIC
102
Carnegie Investment Counsel
Ohio
$74.8K +$1.55K +209 +2%
WC
103
Wexford Capital
Florida
$74.5K +$77.9K +10,500 New
NEI
104
Northwest & Ethical Investments
Ontario, Canada
$73.4K +$6.9K +929 +10%
CCM
105
Cobalt Capital Management
New Jersey
$71K +$74.2K +10,000 New
Deutsche Bank
106
Deutsche Bank
Germany
$47K
SAM
107
Shell Asset Management
Netherlands
$47K
FIA
108
FNY Investment Advisers
New York
$21K
FDCDDQ
109
Federation des caisses Desjardins du Quebec
Quebec, Canada
$18.3K
CFO
110
CVA Family Office
Colorado
$14.2K
TRCT
111
Tower Research Capital (TRC)
New York
$13.4K +$13K +1,747 +1,222%
CQS
112
Credential Qtrade Securities
$13.4K +$14.1K +1,898 New
PH
113
Pinnacle Holdings
Oklahoma
$12.9K
Osaic Holdings
114
Osaic Holdings
Arizona
$3.19K -$7 -1 -0.2%
MA
115
MCF Advisors
Kentucky
$2.2K
Citigroup
116
Citigroup
New York
$1.42K +$1.49K +200 New
WAM
117
Wolverine Asset Management
Illinois
$674 -$18.6K -2,510 -96%
Arrowstreet Capital
118
Arrowstreet Capital
Massachusetts
-$6.02M -743,128 Closed
PIC
119
PCJ Investment Counsel
Ontario, Canada
-$3.46M -427,530 Closed
American Century Companies
120
American Century Companies
Missouri
-$1.76M -228,692 Closed
Walleye Capital
121
Walleye Capital
New York
-$1.7M -210,628 Closed
DC
122
Diametric Capital
Massachusetts
-$901K -111,556 Closed
Hudson Bay Capital Management
123
Hudson Bay Capital Management
Connecticut
-$808K -100,000 Closed
Connor, Clark & Lunn Investment Management (CC&L)
124
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
-$742K -91,600 Closed
Neuberger Berman Group
125
Neuberger Berman Group
New York
-$650K -80,382 Closed

ASTL Hedge Fund Activity: Q2 2023 in Review

117 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Algoma Steel (ASTL) for Q2 2023, worth a combined $476M — down 11% from $534M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new ASTL positions and 15 closed out — a net gain of 3 holders — while 36 added to existing stakes and 34 trimmed.

The largest buyer was Weiss Multi-Strategy Advisers, adding an estimated $14.2M. The largest seller was Arrowstreet Capital, exiting entirely with an estimated $6.02M sold.

  • 117 institutional investors held Algoma Steel (ASTL) as of Q2 2023, up from 114 in Q1 2023.
  • Funds reported $476M of Algoma Steel stock for Q2 2023, down 11% quarter-over-quarter.
  • 18 funds opened new Algoma Steel positions in Q2 2023 and 15 closed out, a net change of +3 holders.
  • The largest Algoma Steel buyer in Q2 2023 was Weiss Multi-Strategy Advisers, an estimated $14.2M added.
  • The largest Algoma Steel seller in Q2 2023 was Arrowstreet Capital, an estimated $6.02M sold.

Based on aggregated 13F filings for Q2 2023.