Algoma Steel
ASTL
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.
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: 114 → 117 (+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: 11 → 9 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WMSA
Weiss Multi-Strategy Advisers
New York
|
+$14.2M |
| 2 |
TCM
Thomist Capital Management
Houston,
Texas
|
+$10.8M |
| 3 |
SRAIM
Scheer Rowlett & Associates Investment Management
Toronto,
Ontario, Canada
|
+$8.49M |
| 4 |
Goldman Sachs
New York
|
+$3.14M |
| 5 |
AF
Aegis Financial
Mc Lean,
Virginia
|
+$2.92M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$6.02M |
| 2 |
Renaissance Technologies
New York
|
-$4.54M |
| 3 |
CCM
Contrarian Capital Management
Greenwich,
Connecticut
|
-$4.21M |
| 4 |
PIC
PCJ Investment Counsel
Toronto,
Ontario, Canada
|
-$3.46M |
| 5 |
HHAM
HITE Hedge Asset Management
Braintree,
Massachusetts
|
-$3.19M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
QC
126
Quadrature Capital
London,
United Kingdom
| – | -$574K | -70,983 | Closed |
|
|
AIP
127
ARS Investment Partners
New York
| – | -$412K | -51,000 | Closed |
|
128
Nomura Holdings
Tokyo,
Japan
| – | -$362K | -44,790 | Closed |
|
|
AFA
129
Alta Fundamental Advisers
New York
| – | -$270K | -33,384 | Closed |
|
130
Two Sigma Investments
New York
| – | -$175K | -21,600 | Closed |
|
|
CB
131
Commerce Bank
Kansas City,
Missouri
| – | -$116K | -14,395 | Closed |
|
|
CM
132
Caption Management
Oklahoma City,
Oklahoma
| – | -$37.7K | -5,084 | 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.