Algoma Steel
ASTL
118 hedge funds and large institutions have $508M invested in Algoma Steel in 2024 Q2 according to their latest regulatory filings, with 23 funds opening new positions, 30 increasing their positions, 35 reducing their positions, and 10 closing their positions.
130% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 10
71% more call options, than puts
Call options by funds: $8.79M | Put options by funds: $5.14M
9% more funds holding
Funds holding: 108 → 118 (+10)
9% more funds holding in top 10
Funds holding in top 10: 11 → 12 (+1)
0.3% more ownership
Funds ownership: 68.51% → 68.81% (+0.3%)
14% less repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 35
16% less capital invested
Capital invested by funds: $605M → $508M (-$97.5M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JGC
J. Goldman & Co
New York
|
+$8.32M |
| 2 |
SRAIM
Scheer Rowlett & Associates Investment Management
Toronto,
Ontario, Canada
|
+$5.6M |
| 3 |
Charles Schwab
San Francisco,
California
|
+$3.77M |
| 4 |
AE
AMH Equity
Great Neck,
New York
|
+$3.09M |
| 5 |
MI
MMCAP International
Grand Cayman,
Cayman Islands
|
+$3.07M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
YCM
Yaupon Capital Management
New York
|
-$7.66M |
| 2 |
DSC
Donald Smith & Co
New York
|
-$7.03M |
| 3 |
NM
Newtyn Management
New York
|
-$5.02M |
| 4 |
WHCM
Wolf Hill Capital Management
Greenwich,
Connecticut
|
-$3.09M |
| 5 |
TG
TCW Group
Los Angeles,
California
|
-$3.06M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MM
126
MQS Management
New York
| – | -$109K | -12,800 | Closed |
|
|
CIC
127
Carnegie Investment Counsel
Pepper Pike,
Ohio
| – | -$95K | -11,186 | Closed |
|
128
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | +$8 | +1 | New |
|
ASTL Hedge Fund Activity: Q2 2024 in Review
118 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Algoma Steel (ASTL) for Q2 2024, worth a combined $508M — down 16% from $605M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new ASTL positions and 10 closed out — a net gain of 13 holders — while 30 added to existing stakes and 35 trimmed.
The largest buyer was J. Goldman & Co, opening a new position worth an estimated $8.32M. The largest seller was Yaupon Capital Management, exiting entirely with an estimated $7.66M sold.
- 118 institutional investors held Algoma Steel (ASTL) as of Q2 2024, up from 108 in Q1 2024.
- Funds reported $508M of Algoma Steel stock for Q2 2024, down 16% quarter-over-quarter.
- 23 funds opened new Algoma Steel positions in Q2 2024 and 10 closed out, a net change of +13 holders.
- The largest Algoma Steel buyer in Q2 2024 was J. Goldman & Co, an estimated $8.32M added.
- The largest Algoma Steel seller in Q2 2024 was Yaupon Capital Management, an estimated $7.66M sold.
Based on aggregated 13F filings for Q2 2024.