Algoma Steel
ASTL
108 hedge funds and large institutions have $605M invested in Algoma Steel in 2024 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 31 increasing their positions, 43 reducing their positions, and 21 closing their positions.
167% more call options, than puts
Call options by funds: $13.3M | Put options by funds: $4.99M
0.98% less ownership
Funds ownership: 69.49% → 68.51% (-0.98%)
8% less funds holding in top 10
Funds holding in top 10: 12 → 11 (-1)
10% less funds holding
Funds holding: 120 → 108 (-12)
16% less capital invested
Capital invested by funds: $722M → $605M (-$117M)
28% less repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 43
57% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 21
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MI
MMCAP International
Grand Cayman,
Cayman Islands
|
+$39.7M |
| 2 |
TCM
Thomist Capital Management
Houston,
Texas
|
+$21.2M |
| 3 |
YCM
Yaupon Capital Management
New York
|
+$7.63M |
| 4 |
CP
CenterBook Partners
Greenwich,
Connecticut
|
+$4.57M |
| 5 |
Millennium Management
New York
|
+$4.54M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SMDAM
Sumitomo Mitsui DS Asset Management
Tokyo,
Japan
|
-$19.5M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$11.6M |
| 3 |
BCC
Bain Capital Credit
Boston,
Massachusetts
|
-$5.5M |
| 4 |
Morgan Stanley
New York
|
-$5.23M |
| 5 |
CCM
Contrarian Capital Management
Greenwich,
Connecticut
|
-$4.46M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
QC
126
Quadrature Capital
London,
United Kingdom
| – | -$114K | -11,352 | Closed |
|
|
CSS
127
Cubist Systematic Strategies
Stamford,
Connecticut
| – | -$99.9K | -9,963 | Closed |
|
128
Point72 Asset Management
Stamford,
Connecticut
| – | -$45.1K | -4,500 | Closed |
|
129
US Bancorp
Minneapolis,
Minnesota
| – | -$11.5K | -1,147 | Closed |
|
ASTL Hedge Fund Activity: Q1 2024 in Review
108 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Algoma Steel (ASTL) for Q1 2024, worth a combined $605M — down 16% from $722M a quarter earlier.
Sellers outnumbered buyers: 21 funds closed out of ASTL and 9 opened new positions — a net loss of 12 holders — while 43 trimmed existing stakes and 31 added.
The largest buyer was MMCAP International, adding an estimated $39.7M. The largest seller was Sumitomo Mitsui DS Asset Management, exiting entirely with an estimated $19.5M sold.
- 108 institutional investors held Algoma Steel (ASTL) as of Q1 2024, down from 120 in Q4 2023.
- Funds reported $605M of Algoma Steel stock for Q1 2024, down 16% quarter-over-quarter.
- 9 funds opened new Algoma Steel positions in Q1 2024 and 21 closed out, a net change of -12 holders.
- The largest Algoma Steel buyer in Q1 2024 was MMCAP International, an estimated $39.7M added.
- The largest Algoma Steel seller in Q1 2024 was Sumitomo Mitsui DS Asset Management, an estimated $19.5M sold.
Based on aggregated 13F filings for Q1 2024.