Algoma Steel
ASTL
114 hedge funds and large institutions have $424M invested in Algoma Steel in 2022 Q3 according to their latest regulatory filings, with 32 funds opening new positions, 33 increasing their positions, 33 reducing their positions, and 36 closing their positions.
630% more call options, than puts
Call options by funds: $4.64M | Put options by funds: $635K
0% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 33
4% less funds holding
Funds holding: 119 → 114 (-5)
7.83% less ownership
Funds ownership: 70.74% → 62.91% (-7.8%)
11% less first-time investments, than exits
New positions opened: 32 | Existing positions closed: 36
55% less funds holding in top 10
Funds holding in top 10: 22 → 10 (-12)
55% less capital invested
Capital invested by funds: $950M → $424M (-$526M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DSC
Donald Smith & Co
New York
|
+$28.7M |
| 2 |
Millennium Management
New York
|
+$12.4M |
| 3 |
Renaissance Technologies
New York
|
+$12.3M |
| 4 |
Man Group
London,
United Kingdom
|
+$11.3M |
| 5 |
Acadian Asset Management
Boston,
Massachusetts
|
+$8.06M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCC
Bain Capital Credit
Boston,
Massachusetts
|
-$134M |
| 2 |
Barclays
London,
United Kingdom
|
-$94.1M |
| 3 |
MP
MSD Partners
New York
|
-$39M |
| 4 |
MCM
Mason Capital Management
New York
|
-$31.8M |
| 5 |
BO
BRR OpCo
Columbus,
Ohio
|
-$27.5M |
ASTL Hedge Fund Activity: Q3 2022 in Review
114 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Algoma Steel (ASTL) for Q3 2022, worth a combined $424M — down 55% from $950M a quarter earlier.
Sellers outnumbered buyers: 36 funds closed out of ASTL and 32 opened new positions — a net loss of 4 holders — while 33 trimmed existing stakes and 33 added.
The largest buyer was Donald Smith & Co, opening a new position worth an estimated $28.7M. The largest seller was Bain Capital Credit, cutting an estimated $134M.
- 114 institutional investors held Algoma Steel (ASTL) as of Q3 2022, down from 119 in Q2 2022.
- Funds reported $424M of Algoma Steel stock for Q3 2022, down 55% quarter-over-quarter.
- 32 funds opened new Algoma Steel positions in Q3 2022 and 36 closed out, a net change of -4 holders.
- The largest Algoma Steel buyer in Q3 2022 was Donald Smith & Co, an estimated $28.7M added.
- The largest Algoma Steel seller in Q3 2022 was Bain Capital Credit, an estimated $134M sold.
Based on aggregated 13F filings for Q3 2022.