Algoma Steel
ASTL
98 hedge funds and large institutions have $297M invested in Algoma Steel in 2026 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 33 increasing their positions, 31 reducing their positions, and 25 closing their positions.
6% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 31
10% less funds holding
Funds holding: 109 → 98 (-11)
10.68% less ownership
Funds ownership: 79.23% → 68.54% (-11%)
14% less funds holding in top 10
Funds holding in top 10: 7 → 6 (-1)
31% less call options, than puts
Call options by funds: $3.31M | Put options by funds: $4.84M
40% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 25
48% less capital inflows, than outflows
Capital inflows: $36M | Capital outflows: $69M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Maple Rock Capital Partners
Toronto,
Ontario, Canada
|
+$6.51M |
| 2 |
MI
MMCAP International
Grand Cayman,
Cayman Islands
|
+$5.89M |
| 3 |
Sourcerock Group
Denver,
Colorado
|
+$5.67M |
| 4 |
HRT Financial
New York
|
+$2.03M |
| 5 |
Morgan Stanley
New York
|
+$1.92M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$19M |
| 2 |
Goldentree Asset Management
New York
|
-$10.2M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$9.06M |
| 4 |
Verition Fund Management
Greenwich,
Connecticut
|
-$5.3M |
| 5 |
TD Asset Management
Toronto,
Ontario, Canada
|
-$3.67M |
ASTL Hedge Fund Activity: Q1 2026 in Review
98 of the 8,225 institutional investors tracked by Wall St. Rank reported a position in Algoma Steel (ASTL) for Q1 2026, worth a combined $297M — down 14% from $346M a quarter earlier.
Sellers outnumbered buyers: 25 funds closed out of ASTL and 15 opened new positions — a net loss of 10 holders — while 31 trimmed existing stakes and 33 added.
The largest buyer was Maple Rock Capital Partners, adding an estimated $6.51M. The largest seller was BlackRock, cutting an estimated $19M.
- 98 institutional investors held Algoma Steel (ASTL) as of Q1 2026, down from 109 in Q4 2025.
- Funds reported $297M of Algoma Steel stock for Q1 2026, down 14% quarter-over-quarter.
- 15 funds opened new Algoma Steel positions in Q1 2026 and 25 closed out, a net change of -10 holders.
- The largest Algoma Steel buyer in Q1 2026 was Maple Rock Capital Partners, an estimated $6.51M added.
- The largest Algoma Steel seller in Q1 2026 was BlackRock, an estimated $19M sold.
Based on aggregated 13F filings for Q1 2026.