Algoma Steel
ASTL
109 hedge funds and large institutions have $346M invested in Algoma Steel in 2025 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 39 increasing their positions, 26 reducing their positions, and 31 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 26
38% more call options, than puts
Call options by funds: $9.46M | Put options by funds: $6.87M
25% more capital invested
Capital invested by funds: $276M → $346M (+$70.3M)
17% more funds holding in top 10
Funds holding in top 10: 6 → 7 (+1)
5.38% more ownership
Funds ownership: 73.85% → 79.23% (+5.4%)
9% less funds holding
Funds holding: 120 → 109 (-11)
23% less first-time investments, than exits
New positions opened: 24 | Existing positions closed: 31
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MRCP
Maple Rock Capital Partners
Toronto,
Ontario, Canada
|
+$15.9M |
| 2 |
MI
MMCAP International
Grand Cayman,
Cayman Islands
|
+$13.6M |
| 3 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$9.03M |
| 4 |
TD Asset Management
Toronto,
Ontario, Canada
|
+$6.26M |
| 5 |
Verition Fund Management
Greenwich,
Connecticut
|
+$4.98M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JGC
J. Goldman & Co
New York
|
-$8.05M |
| 2 |
CCM
Contrarian Capital Management
Greenwich,
Connecticut
|
-$7.24M |
| 3 |
ACA
AYAL Capital Advisors
Toronto,
Ontario, Canada
|
-$5.22M |
| 4 |
AC
Amitell Capital
Singapore
|
-$3.07M |
| 5 |
HA
Heartland Advisors
Milwaukee,
Wisconsin
|
-$2.13M |
ASTL Hedge Fund Activity: Q4 2025 in Review
109 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in Algoma Steel (ASTL) for Q4 2025, worth a combined $346M — up 25% from $276M a quarter earlier.
Sellers outnumbered buyers: 31 funds closed out of ASTL and 24 opened new positions — a net loss of 7 holders — while 26 trimmed existing stakes and 39 added.
The largest buyer was Maple Rock Capital Partners, adding an estimated $15.9M. The largest seller was J. Goldman & Co, exiting entirely with an estimated $8.05M sold.
- 109 institutional investors held Algoma Steel (ASTL) as of Q4 2025, down from 120 in Q3 2025.
- Funds reported $346M of Algoma Steel stock for Q4 2025, up 25% quarter-over-quarter.
- 24 funds opened new Algoma Steel positions in Q4 2025 and 31 closed out, a net change of -7 holders.
- The largest Algoma Steel buyer in Q4 2025 was Maple Rock Capital Partners, an estimated $15.9M added.
- The largest Algoma Steel seller in Q4 2025 was J. Goldman & Co, an estimated $8.05M sold.
Based on aggregated 13F filings for Q4 2025.