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Algoma Steel
ASTL

88 hedge funds and large institutions have $1.05B invested in Algoma Steel in 2022 Q1 according to their latest regulatory filings, with 33 funds opening new positions, 31 increasing their positions, 11 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

182% more repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 11

154% more first-time investments, than exits

New positions opened: 33 | Existing positions closed: 13

64% more capital invested

Capital invested by funds: $645M → $1.05B (+$410M)

47% more funds holding in top 10

Funds holding in top 10: 15 → 22 (+7)

29% more funds holding

Funds holding: 68 → 88 (+20)

8.29% more ownership

Funds ownership: 55.29% → 63.58% (+8.3%)

Holders
88
Holders Change
+20
Holders Change %
+29.41%
% of All Funds
1.39%
Holding in Top 10
22
Holding in Top 10 Change
+7
Holding in Top 10 Change %
+46.67%
% of All Funds
0.35%
New
33
Increased
31
Reduced
11
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Barclays
Barclays
United Kingdom
+$122M
2
BCC
Bain Capital Credit
Massachusetts
+$64.4M
3
FC
Finepoint Capital
Massachusetts
+$36.7M
4
CCM
Contrarian Capital Management
Connecticut
+$25.4M
5
MRCP
Maple Rock Capital Partners
Ontario, Canada
+$20.2M

Top Sellers

Rank Fund Capital Flow
1
MP
MSD Partners
New York
-$55.9M
2
PC
PointState Capital
New York
-$9.2M
3
Marshall Wace
Marshall Wace
United Kingdom
-$2.6M
4
KJHP
K.J. Harrison & Partners
Ontario, Canada
-$2.33M
5
PCM
Prelude Capital Management
New York
-$2.13M
Name Holding Trade Value Shares
Change 		Change in
Stake
BCC
1
Bain Capital Credit
Massachusetts
$231M +$64.4M +6,521,241 +47%
Barclays
2
Barclays
United Kingdom
$139M +$122M +12,398,564 New
CCM
3
Contrarian Capital Management
Connecticut
$95.6M +$25.4M +2,575,103 +42%
MRCP
4
Maple Rock Capital Partners
Ontario, Canada
$69M +$20.2M +2,045,436 +50%
MP
5
MSD Partners
New York
$63.6M -$55.9M -5,660,490 -50%
GAM
6
Goldentree Asset Management
New York
$50.7M +$802K +81,217 +2%
FC
7
Finepoint Capital
Massachusetts
$41.8M +$36.7M +3,716,732 New
LC
8
Littlejohn & Co
Connecticut
$32.9M +$12.1M +1,227,757 +72%
BCL
9
Bracebridge Capital LLC
Massachusetts
$28M – – –
MCM
10
Mason Capital Management
New York
$25.5M – – –
NM
11
Newtyn Management
New York
$19.9M +$5.19M +525,571 +42%
MAMNY
12
Marathon Asset Management (New York)
New York
$19.1M – – –
SFI
13
Sonic Fund II
Hawaii
$15.8M +$987K +100,000 +8%
PCM
14
Philosophy Capital Management
California
$15.5M +$13.6M +1,380,084 New
HCM
15
Highline Capital Management
New York
$14.7M +$2.16M +218,689 +20%
CIM
16
Contrarius Investment Management
Jersey
$14.7M +$12.9M +1,303,446 New
EFI
17
EHP Funds Inc
Canada
$13.9M +$12.2M +1,231,633 New
CM
18
Crestline Management
Texas
$12M +$1.78M +180,000 +20%
JCP
19
JB Capital Partners
New York
$11.1M +$1.47M +148,500 +18%
Fidelity Investments
20
Fidelity Investments
Massachusetts
$8.27M – – –
LCM
21
Lonestar Capital Management
California
$7.88M +$6.91M +700,000 New
SM
22
Scoggin Management
New York
$7.59M +$1.25M +126,466 +23%
AGC
23
Alden Global Capital
Florida
$7.35M +$4.32M +438,099 +204%
SCM
24
Solas Capital Management
Connecticut
$6.75M +$5.92M +600,000 New
IAM
25
Ion Asset Management
Israel
$6.73M +$5.9M +597,975 New
1
2 3 4 5

ASTL Hedge Fund Activity: Q1 2022 in Review

88 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in Algoma Steel (ASTL) for Q1 2022, worth a combined $1.05B — up 64% from $645M a quarter earlier.

Buyers outnumbered sellers: 33 funds opened new ASTL positions and 13 closed out — a net gain of 20 holders — while 31 added to existing stakes and 11 trimmed.

The largest buyer was Barclays, opening a new position worth an estimated $122M. The largest seller was MSD Partners, cutting an estimated $55.9M.

  • 88 institutional investors held Algoma Steel (ASTL) as of Q1 2022, up from 68 in Q4 2021.
  • Funds reported $1.05B of Algoma Steel stock for Q1 2022, up 64% quarter-over-quarter.
  • 33 funds opened new Algoma Steel positions in Q1 2022 and 13 closed out, a net change of +20 holders.
  • The largest Algoma Steel buyer in Q1 2022 was Barclays, an estimated $122M added.
  • The largest Algoma Steel seller in Q1 2022 was MSD Partners, an estimated $55.9M sold.

Based on aggregated 13F filings for Q1 2022.