Algoma Steel
ASTL
119 hedge funds and large institutions have $950M invested in Algoma Steel in 2022 Q2 according to their latest regulatory filings, with 47 funds opening new positions, 39 increasing their positions, 27 reducing their positions, and 16 closing their positions.
194% more first-time investments, than exits
New positions opened: 47 | Existing positions closed: 16
44% more repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 27
35% more funds holding
Funds holding: 88 → 119 (+31)
27% more call options, than puts
Call options by funds: $7.12M | Put options by funds: $5.62M
7.15% more ownership
Funds ownership: 63.58% → 70.74% (+7.2%)
0% more funds holding in top 10
Funds holding in top 10: 22 → 22 (0)
10% less capital invested
Capital invested by funds: $1.05B → $950M (-$104M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$27.8M |
| 2 |
ISSM
Invesco Senior Secured Management
New York
|
+$19.2M |
| 3 |
MCM
Mason Capital Management
New York
|
+$12.3M |
| 4 |
LCM
Lonestar Capital Management
San Francisco,
California
|
+$12.2M |
| 5 |
PCM
Philosophy Capital Management
Alamo,
California
|
+$10.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MAMNY
Marathon Asset Management (New York)
New York
|
-$19.1M |
| 2 |
Barclays
London,
United Kingdom
|
-$17.8M |
| 3 |
GAM
Goldentree Asset Management
New York
|
-$14.1M |
| 4 |
GRIM
Greenhaven Road Investment Management
Greenwich,
Connecticut
|
-$6.3M |
| 5 |
AGC
Alden Global Capital
Brandon,
Florida
|
-$6.1M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CM
126
CastleKnight Management
New York
| – | -$1.53M | -135,800 | Closed |
|
127
Citadel Advisors
Miami,
Florida
| – | -$950K | -98,923 | Closed |
|
|
GTCM
128
Gyon Technologies Capital Management
Denville,
New Jersey
| – | -$668K | -59,337 | Closed |
|
129
JP Morgan Chase
New York
| – | -$579K | -51,508 | Closed |
|
|
JCA
130
Jade Capital Advisors
Essex Fells,
New Jersey
| – | -$563K | -50,000 | Closed |
|
131
D.E. Shaw & Co
New York
| – | -$543K | -48,261 | Closed |
|
|
QC
132
Quadrature Capital
London,
United Kingdom
| – | -$211K | -18,800 | Closed |
|
133
Man Group
London,
United Kingdom
| – | -$151K | -13,410 | Closed |
|
134
Citigroup
New York
| – | -$19K | -1,675 | Closed |
|
135
BlackRock
New York
| – | -$16K | -1,435 | Closed |
|
ASTL Hedge Fund Activity: Q2 2022 in Review
119 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in Algoma Steel (ASTL) for Q2 2022, worth a combined $950M — down 9.9% from $1.05B a quarter earlier.
Buyers outnumbered sellers: 47 funds opened new ASTL positions and 16 closed out — a net gain of 31 holders — while 39 added to existing stakes and 27 trimmed.
The largest buyer was Bank of America, adding an estimated $27.8M. The largest seller was Marathon Asset Management (New York), exiting entirely with an estimated $19.1M sold.
- 119 institutional investors held Algoma Steel (ASTL) as of Q2 2022, up from 88 in Q1 2022.
- Funds reported $950M of Algoma Steel stock for Q2 2022, down 9.9% quarter-over-quarter.
- 47 funds opened new Algoma Steel positions in Q2 2022 and 16 closed out, a net change of +31 holders.
- The largest Algoma Steel buyer in Q2 2022 was Bank of America, an estimated $27.8M added.
- The largest Algoma Steel seller in Q2 2022 was Marathon Asset Management (New York), an estimated $19.1M sold.
Based on aggregated 13F filings for Q2 2022.