We are live on ! Find out more
ASTL icon

Algoma Steel
ASTL

108 hedge funds and large institutions have $605M invested in Algoma Steel in 2024 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 31 increasing their positions, 43 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

167% more call options, than puts

Call options by funds: $13.3M | Put options by funds: $4.99M

0.98% less ownership

Funds ownership: 69.49% → 68.51% (-0.98%)

8% less funds holding in top 10

Funds holding in top 10: 12 → 11 (-1)

10% less funds holding

Funds holding: 120 → 108 (-12)

16% less capital invested

Capital invested by funds: $722M → $605M (-$117M)

28% less repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 43

57% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 21

Holders
108
Holders Change
-12
Holders Change %
-10%
% of All Funds
1.56%
Holding in Top 10
11
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-8.33%
% of All Funds
0.16%
New
9
Increased
31
Reduced
43
Closed
21
Calls
$13.3M
Puts
$4.99M
Net Calls
+$8.32M
Net Calls Change
+$1.2M

Top Buyers

Rank Fund Capital Flow
1
MI
MMCAP International
Cayman Islands
+$39.7M
2
TCM
Thomist Capital Management
Texas
+$21.2M
3
YCM
Yaupon Capital Management
New York
+$7.63M
4
CP
CenterBook Partners
Connecticut
+$4.57M
5
Millennium Management
Millennium Management
New York
+$4.54M

Top Sellers

Rank Fund Capital Flow
1
SMDAM
Sumitomo Mitsui DS Asset Management
Japan
-$19.5M
2
Fidelity Investments
Fidelity Investments
Massachusetts
-$11.6M
3
BCC
Bain Capital Credit
Massachusetts
-$5.5M
4
Morgan Stanley
Morgan Stanley
New York
-$5.23M
5
CCM
Contrarian Capital Management
Connecticut
-$4.46M
Name Holding Trade Value Shares
Change 		Change in
Stake
DSC
1
Donald Smith & Co
New York
$82.8M +$1.14M +134,919 +1%
MI
2
MMCAP International
Cayman Islands
$66.1M +$39.7M +4,700,510 +152%
MRCP
3
Maple Rock Capital Partners
Ontario, Canada
$51.7M – – –
TCM
4
Thomist Capital Management
Texas
$42.5M +$21.2M +2,508,133 +100%
CCM
5
Contrarian Capital Management
Connecticut
$33.4M -$4.46M -528,128 -12%
Millennium Management
6
Millennium Management
New York
$31.7M +$4.54M +537,314 +17%
ISSM
7
Invesco Senior Secured Management
New York
$23.8M – – –
GAM
8
Goldentree Asset Management
New York
$21.2M -$691K -81,799 -3%
TG
9
TCW Group
California
$20.6M – – –
TC
10
Towle & Co
Colorado
$17.3M -$361K -42,705 -2%
GJL
11
Gendell Jeffrey L
$14.9M – – –
BlackRock
12
BlackRock
New York
$13.5M +$75.7K +8,955 +0.6%
SRAIM
13
Scheer Rowlett & Associates Investment Management
Ontario, Canada
$12.4M -$20.9K -2,468 -0.2%
SCM
14
Solas Capital Management
Connecticut
$12.4M +$2.38M +282,156 +24%
AF
15
Aegis Financial
Virginia
$12.4M -$1.27M -150,000 -9%
BCC
16
Bain Capital Credit
Massachusetts
$12.2M -$5.5M -650,527 -31%
LC
17
Littlejohn & Co
Connecticut
$10.5M +$193K +22,871 +2%
IIM
18
Intact Investment Management
Quebec, Canada
$9.69M +$299K +35,400 +3%
JCP
19
JB Capital Partners
New York
$8.42M – – –
YCM
20
Yaupon Capital Management
New York
$7.66M +$7.63M +902,573 New
WHCM
21
Wolf Hill Capital Management
Connecticut
$7.63M -$149K -17,683 -2%
GAI
22
General American Investors
New York
$6.93M – – –
MP
23
MSD Partners
New York
$6.88M – – –
CP
24
CenterBook Partners
Connecticut
$5.4M +$4.57M +540,443 +563%
NM
25
Newtyn Management
New York
$5.02M – – –
1
2 3 4 5

ASTL Hedge Fund Activity: Q1 2024 in Review

108 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Algoma Steel (ASTL) for Q1 2024, worth a combined $605M — down 16% from $722M a quarter earlier.

Sellers outnumbered buyers: 21 funds closed out of ASTL and 9 opened new positions — a net loss of 12 holders — while 43 trimmed existing stakes and 31 added.

The largest buyer was MMCAP International, adding an estimated $39.7M. The largest seller was Sumitomo Mitsui DS Asset Management, exiting entirely with an estimated $19.5M sold.

  • 108 institutional investors held Algoma Steel (ASTL) as of Q1 2024, down from 120 in Q4 2023.
  • Funds reported $605M of Algoma Steel stock for Q1 2024, down 16% quarter-over-quarter.
  • 9 funds opened new Algoma Steel positions in Q1 2024 and 21 closed out, a net change of -12 holders.
  • The largest Algoma Steel buyer in Q1 2024 was MMCAP International, an estimated $39.7M added.
  • The largest Algoma Steel seller in Q1 2024 was Sumitomo Mitsui DS Asset Management, an estimated $19.5M sold.

Based on aggregated 13F filings for Q1 2024.