US Steel
X was delisted on the 17th of June, 2025.
495 hedge funds and large institutions have $8.33B invested in US Steel in 2024 Q1 according to their latest regulatory filings, with 72 funds opening new positions, 161 increasing their positions, 179 reducing their positions, and 87 closing their positions.
1.17% more ownership
Funds ownership: 90.33% → 91.5% (+1.2%)
0% more funds holding in top 10
Funds holding in top 10: 35 → 35 (0)
4% less funds holding
Funds holding: 516 → 495 (-21)
10% less repeat investments, than reductions
Existing positions increased: 161 | Existing positions reduced: 179
15% less capital invested
Capital invested by funds: $9.8B → $8.33B (-$1.47B)
17% less first-time investments, than exits
New positions opened: 72 | Existing positions closed: 87
57% less call options, than puts
Call options by funds: $971M | Put options by funds: $2.26B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Pentwater Capital Management
Naples,
Florida
|
+$291M |
| 2 |
Millennium Management
New York
|
+$137M |
| 3 |
UOC
UBS O'Connor
Chicago,
Illinois
|
+$104M |
| 4 |
SC
Sculptor Capital
New York
|
+$96.2M |
| 5 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$85.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DKCM
Davidson Kempner Capital Management
New York
|
-$342M |
| 2 |
TP
Third Point
New York
|
-$268M |
| 3 |
Morgan Stanley
New York
|
-$190M |
| 4 |
PAM
PSquared Asset Management
Zurich,
Switzerland
|
-$106M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
-$97.1M |
X Hedge Fund Activity: Q1 2024 in Review
495 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in US Steel (X) for Q1 2024, worth a combined $8.33B — down 15% from $9.8B a quarter earlier.
Sellers outnumbered buyers: 87 funds closed out of X and 72 opened new positions — a net loss of 15 holders — while 179 trimmed existing stakes and 161 added.
The largest buyer was Pentwater Capital Management, adding an estimated $291M. The largest seller was Davidson Kempner Capital Management, cutting an estimated $342M.
- 495 institutional investors held US Steel (X) as of Q1 2024, down from 516 in Q4 2023.
- Funds reported $8.33B of US Steel stock for Q1 2024, down 15% quarter-over-quarter.
- 72 funds opened new US Steel positions in Q1 2024 and 87 closed out, a net change of -15 holders.
- The largest US Steel buyer in Q1 2024 was Pentwater Capital Management, an estimated $291M added.
- The largest US Steel seller in Q1 2024 was Davidson Kempner Capital Management, an estimated $342M sold.
Based on aggregated 13F filings for Q1 2024.