US Steel
X was delisted on the 17th of June, 2025.
516 hedge funds and large institutions have $9.8B invested in US Steel in 2023 Q4 according to their latest regulatory filings, with 129 funds opening new positions, 135 increasing their positions, 180 reducing their positions, and 66 closing their positions.
150% more funds holding in top 10
Funds holding in top 10: 14 → 35 (+21)
95% more first-time investments, than exits
New positions opened: 129 | Existing positions closed: 66
73% more capital invested
Capital invested by funds: $5.65B → $9.8B (+$4.15B)
12.44% more ownership
Funds ownership: 77.89% → 90.33% (+12%)
12% more funds holding
Funds holding: 459 → 516 (+57)
25% less repeat investments, than reductions
Existing positions increased: 135 | Existing positions reduced: 180
49% less call options, than puts
Call options by funds: $1.21B | Put options by funds: $2.38B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Pentwater Capital Management
Naples,
Florida
|
+$364M |
| 2 |
DKCM
Davidson Kempner Capital Management
New York
|
+$230M |
| 3 |
Morgan Stanley
New York
|
+$171M |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
+$72.1M |
| 5 |
KC
Kryger Capital
London,
United Kingdom
|
+$71.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCIM
TOMS Capital Investment Management
New York
|
-$177M |
| 2 |
SPC
Slate Path Capital
New York
|
-$170M |
| 3 |
KL
KGH Ltd
Nassau,
Bahamas
|
-$87.2M |
| 4 |
Barclays
London,
United Kingdom
|
-$78.8M |
| 5 |
BlackRock
New York
|
-$63.2M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SCA
576
Stonebridge Capital Advisors
St Paul,
Minnesota
| – | -$3.25K | -100 | Closed |
|
577
EARNEST Partners
Atlanta,
Georgia
| – | -$2.53K | -78 | Closed |
|
|
ETC
578
Exchange Traded Concepts
Oklahoma City,
Oklahoma
| – | -$2.47K | -76 | Closed |
|
|
HIA
579
Harbor Investment Advisory
Lutherville,
Maryland
| – | -$682 | -21 | Closed |
|
|
WT
580
Whittier Trust
South Pasadena,
California
| – | -$649 | -20 | Closed |
|
|
SAM
581
Smartleaf Asset Management
Boston,
Massachusetts
| – | +$218 | +6 | New |
|
X Hedge Fund Activity: Q4 2023 in Review
516 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in US Steel (X) for Q4 2023, worth a combined $9.8B — up 73% from $5.65B a quarter earlier.
Buyers outnumbered sellers: 129 funds opened new X positions and 66 closed out — a net gain of 63 holders — while 135 added to existing stakes and 180 trimmed.
The largest buyer was Pentwater Capital Management, adding an estimated $364M. The largest seller was TOMS Capital Investment Management, cutting an estimated $177M.
- 516 institutional investors held US Steel (X) as of Q4 2023, up from 459 in Q3 2023.
- Funds reported $9.8B of US Steel stock for Q4 2023, up 73% quarter-over-quarter.
- 129 funds opened new US Steel positions in Q4 2023 and 66 closed out, a net change of +63 holders.
- The largest US Steel buyer in Q4 2023 was Pentwater Capital Management, an estimated $364M added.
- The largest US Steel seller in Q4 2023 was TOMS Capital Investment Management, an estimated $177M sold.
Based on aggregated 13F filings for Q4 2023.