Algoma Steel
ASTL
120 hedge funds and large institutions have $276M invested in Algoma Steel in 2025 Q3 according to their latest regulatory filings, with 23 funds opening new positions, 38 increasing their positions, 34 reducing their positions, and 31 closing their positions.
12% more repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 34
4% less call options, than puts
Call options by funds: $6.31M | Put options by funds: $6.6M
2.63% less ownership
Funds ownership: 76.47% → 73.85% (-2.6%)
6% less funds holding
Funds holding: 128 → 120 (-8)
26% less first-time investments, than exits
New positions opened: 23 | Existing positions closed: 31
50% less funds holding in top 10
Funds holding in top 10: 12 → 6 (-6)
50% less capital invested
Capital invested by funds: $553M → $276M (-$277M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MRCP
Maple Rock Capital Partners
Toronto,
Ontario, Canada
|
+$10.8M |
| 2 |
QC
Quadrature Capital
London,
United Kingdom
|
+$8.06M |
| 3 |
BlackRock
New York
|
+$5.03M |
| 4 |
Morgan Stanley
New York
|
+$4.71M |
| 5 |
MI
MMCAP International
Grand Cayman,
Cayman Islands
|
+$4.57M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IIM
Intact Investment Management
Montreal,
Quebec, Canada
|
-$13.9M |
| 2 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$10.9M |
| 3 |
TC
Towle & Co
Denver,
Colorado
|
-$10.1M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$9.23M |
| 5 |
CCM
Contrarian Capital Management
Greenwich,
Connecticut
|
-$8.15M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
151
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$34 | -5 | Closed |
|
ASTL Hedge Fund Activity: Q3 2025 in Review
120 of the 7,625 institutional investors tracked by Wall St. Rank reported a position in Algoma Steel (ASTL) for Q3 2025, worth a combined $276M — down 50% from $553M a quarter earlier.
Sellers outnumbered buyers: 31 funds closed out of ASTL and 23 opened new positions — a net loss of 8 holders — while 34 trimmed existing stakes and 38 added.
The largest buyer was Maple Rock Capital Partners, adding an estimated $10.8M. The largest seller was Intact Investment Management, exiting entirely with an estimated $13.9M sold.
- 120 institutional investors held Algoma Steel (ASTL) as of Q3 2025, down from 128 in Q2 2025.
- Funds reported $276M of Algoma Steel stock for Q3 2025, down 50% quarter-over-quarter.
- 23 funds opened new Algoma Steel positions in Q3 2025 and 31 closed out, a net change of -8 holders.
- The largest Algoma Steel buyer in Q3 2025 was Maple Rock Capital Partners, an estimated $10.8M added.
- The largest Algoma Steel seller in Q3 2025 was Intact Investment Management, an estimated $13.9M sold.
Based on aggregated 13F filings for Q3 2025.