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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
SSA
126
Schonfeld Strategic Advisors
New York
-$1.16M -130,200 Closed
BAM
127
Burgundy Asset Management
Ontario, Canada
-$1.11M -124,480 Closed
SM
128
Scoggin Management
New York
-$1.12M -124,394 Closed
MFS
129
Mirabella Financial Services
United Kingdom
-$914K -102,300 Closed
KLC
130
Kent Lake Capital
Nevada
-$898K -100,000 Closed
EGM
131
Engineers Gate Manager
New York
-$807K -89,899 Closed
PI
132
PEAK6 Investments
Illinois
-$561K -69,851 Closed
State of Wisconsin Investment Board
133
State of Wisconsin Investment Board
Wisconsin
-$594K -66,185 Closed
OAC
134
OMERS Administration Corp
Ontario, Canada
-$555K -61,800 Closed
Two Sigma Advisers
135
Two Sigma Advisers
New York
-$487K -54,200 Closed
MA
136
MYDA Advisors
New York
-$467K -52,000 Closed
Two Sigma Investments
137
Two Sigma Investments
New York
-$337K -37,500 Closed
BSG
138
Black Swift Group
Colorado
-$296K -33,000 Closed
GCP
139
GSA Capital Partners
United Kingdom
-$264K -29,377 Closed
Parallax Volatility Advisers
140
Parallax Volatility Advisers
California
-$249K -27,783 Closed
CIM
141
Cowen Investment Management
New York
-$212K -23,600 Closed
BCM
142
Bayesian Capital Management
New York
-$142K -15,800 Closed
VF
143
Virtu Financial
New York
-$137K -15,254 Closed
FLC
144
Fifth Lane Capital
Texas
-$135K -15,000 Closed
Wolverine Trading
145
Wolverine Trading
Illinois
-$96K -10,421 Closed
BCM
146
Bluefin Capital Management
New York
-$95K -10,300 Closed
CG
147
Cutler Group
California
-$86K -9,660 Closed
PCM
148
Penserra Capital Management
California
-$64K -7,159 Closed
Group One Trading
149
Group One Trading
Illinois
-$17.9K -2,000 Closed
GI
150
Gradient Investments
Minnesota
-$1K -120 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.