US Steel
X was delisted on the 17th of June, 2025.
468 hedge funds and large institutions have $7.77B invested in US Steel in 2024 Q2 according to their latest regulatory filings, with 59 funds opening new positions, 167 increasing their positions, 152 reducing their positions, and 76 closing their positions.
10% more repeat investments, than reductions
Existing positions increased: 167 | Existing positions reduced: 152
0.05% more ownership
Funds ownership: 91.5% → 91.55% (+0.05%)
5% less funds holding
Funds holding: 495 → 468 (-27)
7% less capital invested
Capital invested by funds: $8.33B → $7.77B (-$551M)
14% less funds holding in top 10
Funds holding in top 10: 35 → 30 (-5)
22% less first-time investments, than exits
New positions opened: 59 | Existing positions closed: 76
55% less call options, than puts
Call options by funds: $1.07B | Put options by funds: $2.38B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
+$171M |
| 2 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$136M |
| 3 |
PCM
Pentwater Capital Management
Naples,
Florida
|
+$131M |
| 4 |
BlackRock
New York
|
+$115M |
| 5 |
DKCM
Davidson Kempner Capital Management
New York
|
+$91.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Balyasny Asset Management
Chicago,
Illinois
|
-$158M |
| 2 |
Millennium Management
New York
|
-$84M |
| 3 |
HI
HBK Investments
Dallas,
Texas
|
-$60.8M |
| 4 |
FCM
Farallon Capital Management
San Francisco,
California
|
-$56.5M |
| 5 |
Marshall Wace
London,
United Kingdom
|
-$55.7M |
X Hedge Fund Activity: Q2 2024 in Review
468 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in US Steel (X) for Q2 2024, worth a combined $7.77B — down 6.6% from $8.33B a quarter earlier.
Sellers outnumbered buyers: 76 funds closed out of X and 59 opened new positions — a net loss of 17 holders — while 152 trimmed existing stakes and 167 added.
The largest buyer was Laurion Capital Management, adding an estimated $171M. The largest seller was Balyasny Asset Management, cutting an estimated $158M.
- 468 institutional investors held US Steel (X) as of Q2 2024, down from 495 in Q1 2024.
- Funds reported $7.77B of US Steel stock for Q2 2024, down 6.6% quarter-over-quarter.
- 59 funds opened new US Steel positions in Q2 2024 and 76 closed out, a net change of -17 holders.
- The largest US Steel buyer in Q2 2024 was Laurion Capital Management, an estimated $171M added.
- The largest US Steel seller in Q2 2024 was Balyasny Asset Management, an estimated $158M sold.
Based on aggregated 13F filings for Q2 2024.