Algoma Steel
ASTL
110 hedge funds and large institutions have $464M invested in Algoma Steel in 2023 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 32 increasing their positions, 40 reducing their positions, and 17 closing their positions.
918% more call options, than puts
Call options by funds: $16.9M | Put options by funds: $1.66M
22% more funds holding in top 10
Funds holding in top 10: 9 → 11 (+2)
1.01% more ownership
Funds ownership: 64.65% → 65.67% (+1%)
3% less capital invested
Capital invested by funds: $476M → $464M (-$12.6M)
6% less funds holding
Funds holding: 117 → 110 (-7)
20% less repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 40
35% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WMSA
Weiss Multi-Strategy Advisers
New York
|
+$11.6M |
| 2 |
Millennium Management
New York
|
+$10.9M |
| 3 |
TCM
Thomist Capital Management
Houston,
Texas
|
+$3.69M |
| 4 |
BlackRock
New York
|
+$2.26M |
| 5 |
DSC
Donald Smith & Co
New York
|
+$1.24M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Contrarian Capital Management
Greenwich,
Connecticut
|
-$5.73M |
| 2 |
CM
Crestline Management
Fort Worth,
Texas
|
-$4.13M |
| 3 |
TC
Towle & Co
Denver,
Colorado
|
-$2.04M |
| 4 |
Renaissance Technologies
New York
|
-$2M |
| 5 |
LC
Littlejohn & Co
Greenwich,
Connecticut
|
-$1.92M |
ASTL Hedge Fund Activity: Q3 2023 in Review
110 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Algoma Steel (ASTL) for Q3 2023, worth a combined $464M — down 2.7% from $476M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of ASTL and 11 opened new positions — a net loss of 6 holders — while 40 trimmed existing stakes and 32 added.
The largest buyer was Weiss Multi-Strategy Advisers, adding an estimated $11.6M. The largest seller was Contrarian Capital Management, cutting an estimated $5.73M.
- 110 institutional investors held Algoma Steel (ASTL) as of Q3 2023, down from 117 in Q2 2023.
- Funds reported $464M of Algoma Steel stock for Q3 2023, down 2.7% quarter-over-quarter.
- 11 funds opened new Algoma Steel positions in Q3 2023 and 17 closed out, a net change of -6 holders.
- The largest Algoma Steel buyer in Q3 2023 was Weiss Multi-Strategy Advisers, an estimated $11.6M added.
- The largest Algoma Steel seller in Q3 2023 was Contrarian Capital Management, an estimated $5.73M sold.
Based on aggregated 13F filings for Q3 2023.