SCHEDULE 13G: Donald Smith & Co. Discloses 7.73% Stake in Algoma Steel Group Inc.

Investment adviser Donald Smith & Co., Inc. and its affiliate DSCO Value Fund, L.P. have reported a combined beneficial ownership of 7.73% of Algoma Steel Group Inc.'s common stock as of December 31, 2024.

Summary

• Donald Smith & Co., Inc., an investment adviser, and DSCO Value Fund, L.P., a private fund, jointly filed a Schedule 13G.
• As of December 31, 2024, the reporting persons beneficially own an aggregate of 8,067,603 shares of Algoma Steel Group Inc. common stock.
• This aggregate ownership represents 7.73% of the issuer's common stock.
• Donald Smith & Co., Inc. holds sole voting power over 7,728,857 shares and sole dispositive power over 7,997,877 shares.
• DSCO Value Fund, L.P. holds sole voting power over 69,726 shares and sole dispositive power over 69,726 shares.
• Both reporting persons share voting power over 7,798,583 shares and shared dispositive power over 8,067,603 shares.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Algoma Steel Group Inc.

Sentiment

Score: 5

Explanation: The document is a factual, routine regulatory filing (Schedule 13G) disclosing beneficial ownership. It contains no forward-looking statements, financial performance data, or qualitative assessments that would indicate a positive or negative sentiment regarding the issuer's operations or prospects.

Positives

• The disclosure of a significant stake by an institutional investor like Donald Smith & Co., Inc. can be viewed as a vote of confidence in Algoma Steel Group Inc.'s long-term prospects.

Risks

• The filing explicitly states that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer, mitigating immediate control-related risks from this specific filing.

Future Outlook

NA

Management Comments

• Richard Greenberg, CEO and Co-CIO of Donald Smith & Co., Inc. and DSCO Value Fund, L.P., certified that the securities were acquired and are held in the ordinary course of business and not for the purpose of or with the effect of changing or influencing the control of the issuer.

Industry Context

This filing is a routine disclosure of a passive investment stake by an institutional investor in a company operating within the steel industry. It does not provide specific insights into broader industry trends or competitive dynamics, but rather reflects an investment decision within that sector.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional investor's stake, potentially influencing investor confidence and market perception.

Key Dates

Keywords

Algoma Steel Group Inc., Donald Smith & Co., DSCO Value Fund, Schedule 13G, beneficial ownership, common stock, investment adviser, institutional investor, steel industry