Algoma Steel Group Inc.

ASTL • NASDAQ

Algoma Steel Group Inc. is a steel company in the basic materials sector on NASDAQ, led by Michael Garcia, with a market cap of $475.4M. As of Q3 2025, 73% of shares are held by 116 institutional investors, with Maple Rock Capital Partners, Inc. as the largest holder at 9.94%.

CEOMichael Garcia

Market Cap$475.4M

Steel

Basic Materials

Employees2.8K

Websitealgoma.com

Overview

Overview of institutional ownership in ASTL as of Q3 2025 with a market cap of $373.0M

All Institutions

Institutions: 116
Value Held: $273.6M
Shares Held: 77.0M
Avg Position: $2.4M
Median Position: $399.0K

Hedge Funds

Hedge Funds: 29
Value Held: $102.1M
Shares Held: 28.7M
Avg Position: $3.5M
Median Position: $833.0K

Ownership Breakdown

Institutional (non-HF)

45.99%

$171.6M

Hedge Funds

27.37%

$102.1M

Retail & Other

26.65%

$99.4M

Based on market cap of $373.0M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in ASTL as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
M Maple Rock Capital Partners, Inc. Hedge Fund•Multi-Strategy	Xavier George Majic CEO	$37.1M 1.45% of portfolio	9.94% 10.4M shares	Q4 2021 Held for 3y 11m	$2.6B
M MMCAP International Inc. SPC Institution	-	$28.7M 3.82% of portfolio	7.70% 8.1M shares	Q4 2023 Held for 1y 11m	$752.3M
B BlackRock, Inc. Institution	-	$26.1M 0.00% of portfolio	6.99% 7.3M shares	Q1 2023 Held for 2y 8m	$5.67T
DONALD SMITH & CO., INC. Long Only Manager	Richard Lawrence Greenberg CEO	$21.1M 0.42% of portfolio	5.66% 5.9M shares	Q3 2022 Held for 3y 2m	$5.0B
S Scheer, Rowlett & Associates Investment Management Ltd. Institution	-	$13.6M 0.81% of portfolio	3.65% 3.8M shares	Q2 2023 Held for 2y 5m	$1.7B
INVESCO SENIOR SECURED MANAGEMENT INC /ADV Hedge Fund•Distressed	Scott David Baskind CIO	$11.5M 44.47% of portfolio	3.08% 3.2M shares	Q1 2022 Held for 3y 8m	$25.9M
LITTLEJOHN & CO LLC Private Equity	Michael Ira Klein CEO	$9.6M 4.83% of portfolio	2.57% 2.7M shares	Q4 2021 Held for 3y 11m	$198.1M
GOLDENTREE ASSET MANAGEMENT LP Hedge Fund•Distressed	Kathryn Layne Sutherland CEO	$8.9M 0.74% of portfolio	2.38% 2.5M shares	Q4 2021 Held for 3y 11m	$1.2B
J J. Goldman & Co LP Hedge Fund•Multi-Strategy	Jay Glenn Goldman CEO	$8.0M 0.31% of portfolio	2.16% 2.3M shares	Q2 2024 Held for 1y 5m	$2.6B
FMR LLC Institution	-	$7.9M 0.00% of portfolio	2.11% 2.2M shares	Q3 2024 Held for 1y 2m	$1.92T

Net Capital Flow

Institutional buying and selling activity for ASTL in Q3 2025

Traded: −$31.0M
Buyers: 63
Sellers: 61
Total Bought: +$50.0M
Total Sold: −$81.0M
Avg Position: $1.8M

Biggest Buyers

Institution	Net Bought	Current Position
M Maple Rock Capital Partners, Inc. Hedge Fund•Multi-Strategy	+$7.2M +2.0M shares	$37.1M 10.4M shares
Q Quadrature Capital Ltd Institution	+$5.4M +1.5M shares	$5.4M 1.5M shares
B BlackRock, Inc. Institution	+$3.4M +948.1K shares	$26.1M 7.3M shares
MORGAN STANLEY RIA/Wealth	+$3.2M +886.9K shares	$4.6M 1.3M shares
M MMCAP International Inc. SPC Institution	+$3.1M +860.6K shares	$28.7M 8.1M shares
J JANE STREET GROUP, LLC Institution	+$2.9M +827.3K shares	$2.9M 827.3K shares
D D. E. Shaw & Co., Inc. Institution	+$2.1M +578.5K shares	$2.1M 578.5K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$2.0M +563.6K shares	$2.5M 704.4K shares
C Cubist Systematic Strategies, LLC Institution	+$1.7M +464.7K shares	$1.7M 464.7K shares
R ROYAL BANK OF CANADA Institution	+$1.5M +429.2K shares	$1.9M 533.0K shares

Biggest Sellers

Institution	Net Sold	Current Position
INTACT INVESTMENT MANAGEMENT INC. Private Equity	−$13.9M −2.0M shares	Sold Off 0 shares
Connor, Clark & Lunn Investment Management Ltd. Long Only Manager	−$10.9M −1.6M shares	Sold Off 0 shares
TOWLE & CO Long Only Manager	−$10.1M −1.5M shares	Sold Off 0 shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	−$7.8M −1.1M shares	Sold Off 0 shares
FMR LLC Institution	−$6.2M −1.7M shares	$7.9M 2.2M shares
CONTRARIAN CAPITAL MANAGEMENT, L.L.C. Hedge Fund•Distressed	−$5.5M −1.5M shares	$7.2M 2.0M shares
Empyrean Capital Partners, LP Hedge Fund•Event Driven	−$3.1M −452.1K shares	Sold Off 0 shares
Verition Fund Management LLC Hedge Fund•Multi-Strategy	−$2.9M −418.4K shares	Sold Off 0 shares
Polar Securities Inc. Hedge Fund•Multi-Strategy	−$2.5M −363.2K shares	Sold Off 0 shares
GENERAL AMERICAN INVESTORS CO INC RIA/Wealth	−$1.9M −535.9K shares	$995.9K 280.1K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited ASTL in Q3 2025

New Positions: 4
New Value: $660.8K
Exited Positions: 32
Exited Value: $61.0M

New Positions

Institution	Position Value
Summit Financial, LLC RIA/Wealth	$392.8K 110.3K shares
O OXFORD ASSET MANAGEMENT Institution	$169.2K 47.6K shares
Lighthouse Investment Partners, LLC Fund of Funds	$78.5K 22.1K shares
Caitong International Asset Management Co., Ltd RIA/Wealth	$20.2K 5.7K shares

Exited Positions

Institution	Previous Position
INTACT INVESTMENT MANAGEMENT INC. Private Equity	$13.9M 2.0M shares
Connor, Clark & Lunn Investment Management Ltd. Long Only Manager	$10.9M 1.6M shares
TOWLE & CO Long Only Manager	$10.1M 1.5M shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	$7.8M 1.1M shares
Empyrean Capital Partners, LP Hedge Fund•Event Driven	$3.1M 452.1K shares
Verition Fund Management LLC Hedge Fund•Multi-Strategy	$2.9M 418.4K shares
Polar Securities Inc. Hedge Fund•Multi-Strategy	$2.5M 363.2K shares
SummitTX Capital, L.P. Hedge Fund•Multi-Strategy	$1.5M 214.0K shares
Wolf Hill Capital Management, LP Hedge Fund•Long/Short	$1.5M 213.7K shares
Caption Management, LLC Hedge Fund•Long/Short	$1.3M 188.7K shares

Options Activity

Institutions with the largest Call and Put options positions in ASTL as of Q3 2025

Call Positions: 13
Call Value: $4.5M
Put Positions: 12
Put Value: $4.8M

Call Positions

Institution	Position Value
Caption Management, LLC Hedge Fund•Long/Short	$798.1K 2.2K contracts
J JANE STREET GROUP, LLC Institution	$782.8K 2.2K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$669.8K 1.9K contracts
J J. Goldman & Co LP Hedge Fund•Multi-Strategy	$575.2K 1.6K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$533.3K 1.5K contracts
S SIG North Trading, ULC Institution	$454.3K 1.3K contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$444.4K 1.3K contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$113.0K 318.0 contracts
W WOLVERINE TRADING, LLC Institution	$112.9K 276.0 contracts
Walleye Trading LLC RIA/Wealth	$47.3K 133.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$1.2M 3.3K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$1.1M 3.0K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$679.4K 1.9K contracts
S SIG North Trading, ULC Institution	$558.2K 1.6K contracts
WOLVERINE ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$375.4K 1.1K contracts
Caption Management, LLC Hedge Fund•Long/Short	$363.3K 1.0K contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$213.3K 600.0 contracts
W WOLVERINE TRADING, LLC Institution	$208.2K 509.0 contracts
S SIG BROKERAGE, LP Institution	$142.4K 400.0 contracts
Walleye Trading LLC RIA/Wealth	$35.6K 100.0 contracts

Most Committed Institutions

Institutions with ASTL as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
INVESCO SENIOR SECURED MANAGEMENT INC /ADV Hedge Fund•Distressed	Scott David Baskind CIO	44.47% $11.5M	3.08% 3.2M shares	Q1 2022 Held for 3y 8m	$25.9M
LITTLEJOHN & CO LLC Private Equity	Michael Ira Klein CEO	4.83% $9.6M	2.57% 2.7M shares	Q4 2021 Held for 3y 11m	$198.1M
M MMCAP International Inc. SPC Institution	-	3.82% $28.7M	7.70% 8.1M shares	Q4 2023 Held for 1y 11m	$752.3M
L LM Asset Inc. Institution	-	3.18% $4.1M	1.10% 1.2M shares	Q1 2025 Held for 8 months	$128.6M
A AYAL Capital Advisors Ltd Institution	-	3.01% $5.2M	1.40% 1.5M shares	Q3 2024 Held for 1y 2m	$173.4M
AEGIS FINANCIAL CORP Long Only Manager	Scott Lon Barbee President	2.43% $6.3M	1.70% 1.8M shares	Q4 2022 Held for 2y 11m	$261.3M
S Solas Capital Management, LLC Hedge Fund•Long/Short	Frederick Tucker Golden CIO	2.37% $3.9M	1.04% 1.1M shares	Q1 2022 Held for 3y 8m	$163.8M
A Amitell Capital Pte Ltd Institution	-	2.27% $3.1M	0.82% 864.6K shares	Q2 2025 Held for 5 months	$135.2M
CONTRARIAN CAPITAL MANAGEMENT, L.L.C. Hedge Fund•Distressed	Jon Robert Bauer Managing Partner	1.90% $7.2M	1.94% 2.0M shares	Q4 2021 Held for 3y 11m	$382.0M
M Maple Rock Capital Partners, Inc. Hedge Fund•Multi-Strategy	Xavier George Majic CEO	1.45% $37.1M	9.94% 10.4M shares	Q4 2021 Held for 3y 11m	$2.6B

Hedge Fund Spotlight

Discover hedge funds investing in ASTL

Point72 Asset Management, L.P.

Hedge Fund • Multi-Strategy

Portfolio ManagerSteven Alan Cohen

Portfolio Value: $43.2B
Positions: 1,279
Last Reported: Q3 2025

Sector Allocation

Position in Algoma Steel Group Inc.

Market Value: $714.7K
Shares Held: 201.1K
Portfolio Weight: 0.00%
Owned Since: 2024-Q4

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