Algoma Steel
ASTL
133 hedge funds and large institutions have $796M invested in Algoma Steel in 2024 Q3 according to their latest regulatory filings, with 28 funds opening new positions, 38 increasing their positions, 42 reducing their positions, and 13 closing their positions.
216% more call options, than puts
Call options by funds: $22.9M | Put options by funds: $7.26M
115% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 13
57% more capital invested
Capital invested by funds: $508M → $796M (+$288M)
13% more funds holding
Funds holding: 118 → 133 (+15)
8% more funds holding in top 10
Funds holding in top 10: 12 → 13 (+1)
6.36% more ownership
Funds ownership: 68.81% → 75.17% (+6.4%)
10% less repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 42
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$32.4M |
| 2 |
BlackRock
New York
|
+$30M |
| 3 |
WP
Woodline Partners
San Francisco,
California
|
+$16.5M |
| 4 |
YCM
Yaupon Capital Management
New York
|
+$8.25M |
| 5 |
ACA
AYAL Capital Advisors
Toronto,
Ontario, Canada
|
+$5.64M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GJL
Gendell Jeffrey L
|
-$14.2M |
| 2 |
TCM
Thomist Capital Management
Houston,
Texas
|
-$12.4M |
| 3 |
MI
MMCAP International
Grand Cayman,
Cayman Islands
|
-$11M |
| 4 |
DSC
Donald Smith & Co
New York
|
-$7.23M |
| 5 |
SCM
Solas Capital Management
Darien,
Connecticut
|
-$6.59M |
ASTL Hedge Fund Activity: Q3 2024 in Review
133 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Algoma Steel (ASTL) for Q3 2024, worth a combined $796M — up 57% from $508M a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new ASTL positions and 13 closed out — a net gain of 15 holders — while 38 added to existing stakes and 42 trimmed.
The largest buyer was Fidelity Investments, opening a new position worth an estimated $32.4M. The largest seller was Gendell Jeffrey L, cutting an estimated $14.2M.
- 133 institutional investors held Algoma Steel (ASTL) as of Q3 2024, up from 118 in Q2 2024.
- Funds reported $796M of Algoma Steel stock for Q3 2024, up 57% quarter-over-quarter.
- 28 funds opened new Algoma Steel positions in Q3 2024 and 13 closed out, a net change of +15 holders.
- The largest Algoma Steel buyer in Q3 2024 was Fidelity Investments, an estimated $32.4M added.
- The largest Algoma Steel seller in Q3 2024 was Gendell Jeffrey L, an estimated $14.2M sold.
Based on aggregated 13F filings for Q3 2024.