US Steel
X was delisted on the 17th of June, 2025.
460 hedge funds and large institutions have $5.65B invested in US Steel in 2023 Q3 according to their latest regulatory filings, with 112 funds opening new positions, 115 increasing their positions, 159 reducing their positions, and 70 closing their positions.
250% more funds holding in top 10
Funds holding in top 10: 4 → 14 (+10)
60% more first-time investments, than exits
New positions opened: 112 | Existing positions closed: 70
34% more capital invested
Capital invested by funds: $4.22B → $5.65B (+$1.43B)
9% more funds holding
Funds holding: 423 → 460 (+37)
3.4% more ownership
Funds ownership: 74.49% → 77.89% (+3.4%)
28% less repeat investments, than reductions
Existing positions increased: 115 | Existing positions reduced: 159
49% less call options, than puts
Call options by funds: $574M | Put options by funds: $1.12B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCIM
TOMS Capital Investment Management
New York
|
+$151M |
| 2 |
TP
Third Point
New York
|
+$133M |
| 3 |
PAM
PSquared Asset Management
Zurich,
Switzerland
|
+$66.5M |
| 4 |
DKCM
Davidson Kempner Capital Management
New York
|
+$61.8M |
| 5 |
TAL
TIG Advisors LLC
New York
|
+$59.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Marshall Wace
London,
United Kingdom
|
-$114M |
| 2 |
Two Sigma Investments
New York
|
-$89.2M |
| 3 |
TSW
Thompson Siegel & Walmsley
Richmond,
Virginia
|
-$63.6M |
| 4 |
Two Sigma Advisers
New York
|
-$59.8M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$56.7M |
X Hedge Fund Activity: Q3 2023 in Review
460 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in US Steel (X) for Q3 2023, worth a combined $5.65B — up 34% from $4.22B a quarter earlier.
Buyers outnumbered sellers: 112 funds opened new X positions and 70 closed out — a net gain of 42 holders — while 115 added to existing stakes and 159 trimmed.
The largest buyer was TOMS Capital Investment Management, opening a new position worth an estimated $151M. The largest seller was Marshall Wace, cutting an estimated $114M.
- 460 institutional investors held US Steel (X) as of Q3 2023, up from 423 in Q2 2023.
- Funds reported $5.65B of US Steel stock for Q3 2023, up 34% quarter-over-quarter.
- 112 funds opened new US Steel positions in Q3 2023 and 70 closed out, a net change of +42 holders.
- The largest US Steel buyer in Q3 2023 was TOMS Capital Investment Management, an estimated $151M added.
- The largest US Steel seller in Q3 2023 was Marshall Wace, an estimated $114M sold.
Based on aggregated 13F filings for Q3 2023.