US Steel
X was delisted on the 17th of June, 2025.
423 hedge funds and large institutions have $4.22B invested in US Steel in 2023 Q2 according to their latest regulatory filings, with 49 funds opening new positions, 138 increasing their positions, 157 reducing their positions, and 67 closing their positions.
1.03% more ownership
Funds ownership: 73.45% → 74.49% (+1%)
3% less capital invested
Capital invested by funds: $4.34B → $4.22B (-$120M)
4% less funds holding
Funds holding: 442 → 423 (-19)
12% less repeat investments, than reductions
Existing positions increased: 138 | Existing positions reduced: 157
27% less first-time investments, than exits
New positions opened: 49 | Existing positions closed: 67
33% less funds holding in top 10
Funds holding in top 10: 6 → 4 (-2)
50% less call options, than puts
Call options by funds: $279M | Put options by funds: $557M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$33.4M |
| 2 |
ACM
Anomaly Capital Management
New York
|
+$33M |
| 3 |
SPC
Slate Path Capital
New York
|
+$28.4M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$27.3M |
| 5 |
KL
KGH Ltd
Nassau,
Bahamas
|
+$27.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Trust Advisors
Wheaton,
Illinois
|
-$46M |
| 2 |
Goldman Sachs
New York
|
-$37.9M |
| 3 |
SCP
Soroban Capital Partners
New York
|
-$36.9M |
| 4 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
-$15.2M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$12.7M |
X Hedge Fund Activity: Q2 2023 in Review
423 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in US Steel (X) for Q2 2023, worth a combined $4.22B — down 2.8% from $4.34B a quarter earlier.
Sellers outnumbered buyers: 67 funds closed out of X and 49 opened new positions — a net loss of 18 holders — while 157 trimmed existing stakes and 138 added.
The largest buyer was Millennium Management, adding an estimated $33.4M. The largest seller was First Trust Advisors, cutting an estimated $46M.
- 423 institutional investors held US Steel (X) as of Q2 2023, down from 442 in Q1 2023.
- Funds reported $4.22B of US Steel stock for Q2 2023, down 2.8% quarter-over-quarter.
- 49 funds opened new US Steel positions in Q2 2023 and 67 closed out, a net change of -18 holders.
- The largest US Steel buyer in Q2 2023 was Millennium Management, an estimated $33.4M added.
- The largest US Steel seller in Q2 2023 was First Trust Advisors, an estimated $46M sold.
Based on aggregated 13F filings for Q2 2023.