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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCM
Thomist Capital Management
Houston,
Texas
|
+$9.35M |
| 2 |
BlackRock
New York
|
+$9.35M |
| 3 |
IIM
Intact Investment Management
Montreal,
Quebec, Canada
|
+$7.51M |
| 4 |
DSC
Donald Smith & Co
New York
|
+$7.35M |
| 5 |
TC
Towle & Co
Denver,
Colorado
|
+$6.82M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Polus Capital Management
London,
United Kingdom
|
-$34.8M |
| 2 |
FC
Finepoint Capital
Boston,
Massachusetts
|
-$20.4M |
| 3 |
BCC
Bain Capital Credit
Boston,
Massachusetts
|
-$12.3M |
| 4 |
Man Group
London,
United Kingdom
|
-$10.8M |
| 5 |
WHCM
Wolf Hill Capital Management
Greenwich,
Connecticut
|
-$8.79M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PC
126
Prairiewood Capital
Fargo,
North Dakota
| – | -$432K | -68,207 | Closed |
|
|
AFM
127
Anson Funds Management
Dallas,
Texas
| – | -$315K | -50,000 | Closed |
|
|
MC
128
Maverick Capital
Dallas,
Texas
| – | -$311K | -48,977 | Closed |
|
129
Balyasny Asset Management
Chicago,
Illinois
| – | -$128K | -20,169 | Closed |
|
|
GAM
130
Gotham Asset Management
New York
| – | -$116K | -18,272 | Closed |
|
|
AGC
131
Alden Global Capital
Brandon,
Florida
| – | -$111K | -17,564 | Closed |
|
|
QT
132
Quantbot Technologies
New York
| – | -$46.2K | -7,281 | Closed |
|
|
UIA
133
Ulland Investment Advisors
Minneapolis,
Minnesota
| – | -$47K | -6,150 | Closed |
|
134
UBS Group
Zurich,
Switzerland
| – | -$31.4K | -4,959 | Closed |
|
|
LSA
135
Leonteq Securities AG
Zurich,
Switzerland
| – | -$20.4K | -2,390 | Closed |
|
136
Citigroup
New York
| – | -$95 | -15 | Closed |
|
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.