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Algoma Steel
ASTL

119 hedge funds and large institutions have $467M invested in Algoma Steel in 2022 Q4 according to their latest regulatory filings, with 25 funds opening new positions, 38 increasing their positions, 38 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

554% more call options, than puts

Call options by funds: $3.95M | Put options by funds: $605K

25% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 20

10% more capital invested

Capital invested by funds: $424M → $467M (+$42.7M)

10% more funds holding in top 10

Funds holding in top 10: 10 → 11 (+1)

7.98% more ownership

Funds ownership: 62.91% → 70.89% (+8%)

4% more funds holding

Funds holding: 114 → 119 (+5)

0% more repeat investments, than reductions

Existing positions increased: 38 | Existing positions reduced: 38

Holders
119
Holders Change
+5
Holders Change %
+4.39%
% of All Funds
1.91%
Holding in Top 10
11
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+10%
% of All Funds
0.18%
New
25
Increased
38
Reduced
38
Closed
20
Calls
$3.95M
Puts
$605K
Net Calls
+$3.35M
Net Calls Change
-$652K

Top Buyers

Rank Fund Capital Flow
1
DSC
Donald Smith & Co
New York
+$20.5M
2
WHCM
Wolf Hill Capital Management
Connecticut
+$15.3M
3
TC
Towle & Co
Colorado
+$11.4M
4
GJL
Gendell Jeffrey L
+$5.95M
5
Fidelity Investments
Fidelity Investments
Massachusetts
+$2.54M

Top Sellers

Rank Fund Capital Flow
1
Acadian Asset Management
Acadian Asset Management
Massachusetts
-$6.77M
2
CCM
Contrarian Capital Management
Connecticut
-$6.66M
3
LCM
Lonestar Capital Management
California
-$6.44M
4
CIM
Contrarius Investment Management
Jersey
-$4.75M
5
BCC
Bain Capital Credit
Massachusetts
-$4.43M
Name Holding Trade Value Shares
Change 		Change in
Stake
MCM
126
Moore Capital Management
New York
– -$2.08M -323,767 Closed
RAM
127
Roumell Asset Management
Maryland
– -$1.45M -225,000 Closed
IAM
128
Ion Asset Management
Israel
– -$1.44M -224,220 Closed
GCWM
129
Graham Capital Wealth Management
District of Columbia
– -$1.12M -173,469 Closed
Ameriprise
130
Ameriprise
Minnesota
– -$882K -136,623 Closed
ACA
131
Apis Capital Advisors
New York
– -$773K -120,000 Closed
PP
132
PDT Partners
New York
– -$475K -73,724 Closed
JP Morgan Chase
133
JP Morgan Chase
New York
– -$244K -37,837 Closed
ECM
134
ExodusPoint Capital Management
New York
– -$194K -30,129 Closed
XT
135
XTX Topco
Cayman Islands
– -$167K -25,855 Closed
SWM
136
SeaCrest Wealth Management
New York
– -$113K -17,549 Closed
Verition Fund Management
137
Verition Fund Management
Connecticut
– -$97K -15,000 Closed
PGCM
138
Prescott Group Capital Management
Oklahoma
– -$84K -13,005 Closed
QT
139
Quantamental Technologies
New York
– -$70K -10,800 Closed
2 3 4 5
6

ASTL Hedge Fund Activity: Q4 2022 in Review

119 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Algoma Steel (ASTL) for Q4 2022, worth a combined $467M — up 10% from $424M a quarter earlier.

Buyers outnumbered sellers: 25 funds opened new ASTL positions and 20 closed out — a net gain of 5 holders — while 38 added to existing stakes and 38 trimmed.

The largest buyer was Donald Smith & Co, adding an estimated $20.5M. The largest seller was Acadian Asset Management, cutting an estimated $6.77M.

  • 119 institutional investors held Algoma Steel (ASTL) as of Q4 2022, up from 114 in Q3 2022.
  • Funds reported $467M of Algoma Steel stock for Q4 2022, up 10% quarter-over-quarter.
  • 25 funds opened new Algoma Steel positions in Q4 2022 and 20 closed out, a net change of +5 holders.
  • The largest Algoma Steel buyer in Q4 2022 was Donald Smith & Co, an estimated $20.5M added.
  • The largest Algoma Steel seller in Q4 2022 was Acadian Asset Management, an estimated $6.77M sold.

Based on aggregated 13F filings for Q4 2022.