Water Island Capital’s US Steel X Stock Holding History

Water Island Capital’s Portfolio X Stock Details X Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q2	–	Sell	-53,989	Closed	-$2.28M	–	100
2025 Q1	$2.28M	Sell	53,989 -534,128	-91%	-$20.2M	0.3%	60
2024 Q4	$20M	Sell	588,117 -295,863	-33%	-$10.9M	2.16%	16
2024 Q3	$31.2M	Sell	883,980 -22,112	-2%	-$842K	3.15%	16
2024 Q2	$34.3M	Sell	906,092 -168,433	-16%	-$6.43M	3.47%	11
2024 Q1	$43.8M	Buy	1,074,525 +744,382	+225%	+$34.1M	4.56%	7
2023 Q4	$16.1M	Buy	+330,143	New	+$12M	1.59%	22

Other funds holding X

Osaic Holdings Scottsdale, Arizona $68.3B AUM 20.5% 1-Year Est. Return

IFP Advisors Tampa, Florida $4.82B AUM 20.19% 1-Year Est. Return

PNC Financial Services Group Pittsburgh, Pennsylvania $173B AUM 20.72% 1-Year Est. Return

CAWM

Capital A Wealth Management New Castle, Pennsylvania $8.94M AUM

Sunbelt Securities Houston, Texas $1.58B AUM 28.96% 1-Year Est. Return

HNB

Huntington National Bank Columbus, Ohio $18.1B AUM 24.69% 1-Year Est. Return

Water Island Capital's X Position: Q2 2025 in Review

Water Island Capital sold out of US Steel (X) in Q2 2025, closing a stake of 53,989 shares — an estimated $2.28M sold.

Water Island Capital first reported a position in X in Q4 2023 and held it in 6 quarters. The position peaked at $43.8M in Q1 2024. 6 funds tracked by Wall St. Rank hold X as of Q2 2025.

Water Island Capital reported no remaining US Steel position as of Q2 2025 after selling out during the quarter.
Water Island Capital sold 53,989 US Steel shares in Q2 2025, an estimated $2.28M.
Water Island Capital first reported a position in US Steel in Q4 2023 and held it in 6 quarters.
Water Island Capital's US Steel position peaked at $43.8M in Q1 2024.
6 funds tracked by Wall St. Rank held US Steel as of Q2 2025.

Based on Water Island Capital's 13F filing for Q2 2025, filed 14 Aug 2025.