US Steel
X was delisted on the 17th of June, 2025.
517 hedge funds and large institutions have $9.63B invested in US Steel in 2023 Q4 according to their latest regulatory filings, with 129 funds opening new positions, 135 increasing their positions, 179 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
70% more capital invested
Capital invested by funds: $5.65B → $9.63B (+$3.98B)
12% more funds holding
Funds holding: 460 → 517 (+57)
10.88% more ownership
Funds ownership: 77.89% → 88.76% (+11%)
25% less repeat investments, than reductions
Existing positions increased: 135 | Existing positions reduced: 179
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 |
Balyasny Asset Management
Chicago,
Illinois
|
+$72.1M |
| 4 |
KC
Kryger Capital
London,
United Kingdom
|
+$71.4M |
| 5 |
Norges Bank
Oslo,
Norway
|
+$70.1M |
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 |
X Hedge Fund Activity: Q4 2023 in Review
517 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in US Steel (X) for Q4 2023, worth a combined $9.63B — up 70% 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 179 trimmed.
The largest buyer was Pentwater Capital Management, adding an estimated $364M. The largest seller was TOMS Capital Investment Management, cutting an estimated $177M.
- 517 institutional investors held US Steel (X) as of Q4 2023, up from 460 in Q3 2023.
- Funds reported $9.63B of US Steel stock for Q4 2023, up 70% 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.