Vault-13

ARCELORMITTAL SA LUXEMBOURG MT

NY REGISTRY SH · NY Reg Shrs · CUSIP 03938L203 · ISIN US03938L2034

Multinational steel manufacturing corporation

284 institutional holders +34 vs Q3 2025
29,572,10529.6m shares reported held*
$1.3bnreported value*
58 new 88 added 80 reduced 32 sold out net sold ≈ $8.2m (+6.7k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($3.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $45.29. Options: 20 managers hold calls ($212.9m notional), 13 hold puts ($114.3m).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 174Q4 22: 178Q1 23: 193Q2 23: 199Q3 23: 185Q4 23: 192Q1 24: 182Q2 24: 186Q3 24: 201Q4 24: 215Q1 25: 220Q2 25: 234Q3 25: 250Q4 25: 284284Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 2022174
Q4 2022178
Q1 2023193
Q2 2023199
Q3 2023185
Q4 2023192
Q1 2024182
Q2 2024186
Q3 2024201
Q4 2024215
Q1 2025220
Q2 2025234
Q3 2025250
Q4 2025284

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
2000200Q1 24: 89 bought or addedQ1 24: 92 cut or sold outQ2 24: 100 bought or addedQ2 24: 79 cut or sold outQ2 24Q3 24: 104 bought or addedQ3 24: 102 cut or sold outQ4 24: 113 bought or addedQ4 24: 79 cut or sold outQ4 24Q1 25: 97 bought or addedQ1 25: 120 cut or sold outQ2 25: 131 bought or addedQ2 25: 83 cut or sold outQ2 25Q3 25: 132 bought or addedQ3 25: 111 cut or sold outQ4 25: 146 bought or addedQ4 25: 112 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20248992
Q2 202410079
Q3 2024104102
Q4 202411379
Q1 202597120
Q2 202513183
Q3 2025132111
Q4 2025146112

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$100m$200m$300mQ1 25 calls: $157.2mQ1 25 puts: $138.8mQ1 25P/C 0.88Q2 25 calls: $121.9mQ2 25 puts: $78.1mQ2 25P/C 0.64Q3 25 calls: $192.0mQ3 25 puts: $72.1mQ3 25P/C 0.38Q4 25 calls: $212.9mQ4 25 puts: $114.3mQ4 25P/C 0.54
Numbers
QuarterCallsPutsP/C
Q1 2025$157.2m$138.8m0.88
Q2 2025$121.9m$78.1m0.64
Q3 2025$192.0m$72.1m0.38
Q4 2025$212.9m$114.3m0.54

Biggest buyers

Retirement Systems of Alabama New +674,150+674.1k
STEADFAST CAPITAL MANAGEMENT LP New +595,047+595.0k
Point72 Asset Management, L.P. New +562,933+562.9k
Maple Rock Capital Partners Inc. Added +485,400+485.4k
BAROMETER CAPITAL MANAGEMENT INC. Added +477,691+477.7k
BW Gestao de Investimentos Ltda. New +200,000+200.0k
Albar Capital Partners LLP New +160,151+160.2k
Impala Asset Management LLC New +158,866+158.9k
Amanah Holdings Trust New +148,000+148.0k
Capital Wealth Planning, LLC Added +143,758+143.8k

Biggest sellers

UBS Group AG Reduced -960,002-960.0k
Connor, Clark & Lunn Investment Management Ltd. Reduced -761,269-761.3k
Bank of New York Mellon Corp Reduced -465,327-465.3k
BNP PARIBAS FINANCIAL MARKETS Reduced -357,446-357.4k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -288,530-288.5k
RENAISSANCE TECHNOLOGIES LLC Reduced -236,800-236.8k
VAN ECK ASSOCIATES CORP Reduced -216,808-216.8k
CAUSEWAY CAPITAL MANAGEMENT LLC Reduced -201,982-202.0k
NORTHERN TRUST CORP Reduced -190,900-190.9k
Qube Research & Technologies Ltd Sold out -170,102-170.1k

Biggest calls

MILLENNIUM MANAGEMENT LLC Reduced $73.0m1.6m shares
Optiver Holding B.V. Added $39.9m875.5k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $28.0m613.7k shares
PEAK6 LLC Reduced $19.0m417.0k shares
CITIGROUP INC Added $13.3m291.4k shares
Walleye Trading LLC Added $9.8m214.8k shares
GOLDMAN SACHS GROUP INC Unchanged $5.9m130.0k shares
CITADEL ADVISORS LLC Reduced $5.2m114.0k shares
SIMPLEX TRADING, LLC Reduced $4.4m95.6k shares
JANE STREET GROUP, LLC Reduced $3.9m85.3k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $23.6m518.0k shares
PEAK6 LLC Added $22.3m489.8k shares
CITADEL ADVISORS LLC Added $20.0m439.1k shares
Walleye Trading LLC Added $16.9m370.0k shares
Walleye Capital LLC Added $7.3m161.1k shares
GOLDMAN SACHS GROUP INC Unchanged $5.9m130.0k shares
JANE STREET GROUP, LLC Added $4.9m107.4k shares
D. E. Shaw & Co., Inc. Unchanged $3.4m75.0k shares
MILLENNIUM MANAGEMENT LLC Added $3.3m72.6k shares
Twin Tree Management, LP New $2.3m50.5k shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Insider purchases and sales in Q4 2025

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported in Q4 2025.

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio AUSTIN, TX 3,220,9923.2m $146.8m $146.8m 0.03% Added +49.6k +49,614
2 BlackRock, Inc. 0.00% of their portfolio New York, NY 1,877,4111.9m $85.6m $85.6m 0.00% Added +45.3k +45,343
3 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,718,3451.7m $78.3m $78.3m 0.00% Reduced -56.8k -56,792
4 Maple Rock Capital Partners Inc. 2.45% of their portfolio Toronto, A6 1,630,6001.6m $74.3m $74.3m 2.45% Added +485.4k +485,400
5 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 1,480,7541.5m $67.5m $67.5m 0.01% Reduced -465.3k -465,327
6 FMR LLC 0.00% of their portfolio BOSTON, MA 1,376,8041.4m $62.7m $62.7m 0.00% Added +57.0k +57,047
7 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 1,302,7801.3m $59.4m $59.4m 0.01% Added +21.9k +21,867
8 Connor, Clark & Lunn Investment Management Ltd. 0.11% of their portfolio VANCOUVER, A1 884,661884.7k $40.3m $40.3m 0.11% Reduced -761.3k -761,269
9 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 841,885841.9k $38.4m $38.4m 0.00% Reduced -106.0k -106,024
10 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 824,528824.5k $37.6m $37.6m 0.01% Reduced -115.7k -115,650
11 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 771,836771.8k $35.2m $35.2m 0.00% Reduced -190.9k -190,900
12 Retirement Systems of Alabama 0.10% of their portfolio MONTGOMERY, AL 674,150674.1k $30.7m $30.7m 0.10% New
13 VAN ECK ASSOCIATES CORP 0.02% of their portfolio NEW YORK, NY 638,783638.8k $29.1m $29.1m 0.02% Reduced -216.8k -216,808
14 STEADFAST CAPITAL MANAGEMENT LP 0.47% of their portfolio NEW YORK, NY 595,047595.0k $27.1m $27.1m 0.47% New
15 Senator Investment Group LP 1.06% of their portfolio New York, NY 580,000580.0k $26.4m $26.4m 1.06% Not comparable
16 Point72 Asset Management, L.P. 0.04% of their portfolio STAMFORD, CT 562,933562.9k $25.7m $25.7m 0.04% New
17 AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio KANSAS CITY, MO 542,177542.2k $24.7m $24.7m 0.01% Added +81.0k +81,028
18 CITADEL ADVISORS LLC 0.02% of their portfolio MIAMI, FL 535,637535.6k $24.4m $24.4m 0.02% Reduced -52.1k -52,136
19 BAROMETER CAPITAL MANAGEMENT INC. 3.16% of their portfolio TORONTO, A6 481,960482.0k $13.1m $13.1m 3.16% Added +477.7k +477,691
20 CAUSEWAY CAPITAL MANAGEMENT LLC 0.24% of their portfolio LOS ANGELES, CA 384,849384.8k $17.5m $17.5m 0.24% Reduced -202.0k -201,982
21 ROBOTTI ROBERT 2.77% of their portfolio NEW YORK, NY 338,710338.7k $15.4m $15.4m 2.77% Reduced -190 -190
22 Quantinno Capital Management LP 0.03% of their portfolio NEW YORK, NY 300,633300.6k $13.7m $13.7m 0.03% Added +70.8k +70,837
23 Balyasny Asset Management L.P. 0.02% of their portfolio Chicago, IL 280,869280.9k $12.8m $12.8m 0.02% Reduced -88.1k -88,115
24 Cerity Partners LLC 0.02% of their portfolio NEW YORK, NY 274,562274.6k $12.5m $12.5m 0.02% Added +3.5k +3,530
25 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 267,475267.5k $12.2m $12.2m 0.01% Added +133.3k +133,317
26 NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio NEW YORK, NY 253,848253.8k $11.6m $11.6m 0.01% Reduced -24.9k -24,946
27 Capital Wealth Planning, LLC 0.07% of their portfolio NAPLES, FL 235,750235.8k $11.1m $11.1m 0.07% Added +143.8k +143,758
28 AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio Greenwich, CT 235,583235.6k $10.7m $10.7m 0.01% Added +90.3k +90,297
29 Man Group plc 0.02% of their portfolio LONDON, X0 226,995227.0k $10.3m $10.3m 0.02% Reduced -97.2k -97,208
30 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 223,335223.3k $10.2m $10.2m 0.00% Added +35.8k +35,821
31 UBS Group AG 0.00% of their portfolio ZURICH, V8 221,356221.4k $10.1m $10.1m 0.00% Reduced -960.0k -960,002
32 JB CAPITAL PARTNERS LP 1.62% of their portfolio Armonk, NY 205,000205.0k $9.3m $9.3m 1.62% Unchanged
33 BW Gestao de Investimentos Ltda. 0.32% of their portfolio SAO PAULO, D5 200,000200.0k $9.1m $9.1m 0.32% New
34 HALLSTATT ADVISORS L.P. 6.36% of their portfolio NEW YORK, NY 187,455187.5k $8.5m $8.5m 6.36% First filing
35 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 168,721168.7k $7.7m $7.7m 0.00% Added +89.8k +89,831
36 SEI INVESTMENTS CO 0.01% of their portfolio OAKS, PA 160,675160.7k $7.3m $7.3m 0.01% Reduced -13.3k -13,262
37 Albar Capital Partners LLP 1.73% of their portfolio LONDON, X0 160,151160.2k $7.3m $7.3m 1.73% New
38 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 159,572159.6k $7.3m $7.3m 0.00% Reduced -78.1k -78,063
39 Impala Asset Management LLC 4.92% of their portfolio Palm Beach, FL 158,866158.9k $7.3m $7.3m 4.92% New
40 DV EQUITIES, LLC 1.30% of their portfolio CHICAGO, IL 156,745156.7k $7.2m $7.2m 1.30% First filing
41 SummitTX Capital, L.P. 0.21% of their portfolio FORT WORTH, TX 151,796151.8k $6.9m $6.9m 0.21% Added +68.3k +68,320
42 Amanah Holdings Trust 0.99% of their portfolio LONDON, X0 148,000148.0k $6.7m $6.7m 0.99% New
43 HRT FINANCIAL LP 0.03% of their portfolio NEW YORK, NY 143,783143.8k $6.6m $6.6m 0.03% Added +49.1k +49,140
44 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 140,485140.5k $6.4m $6.4m 0.00% Added +122.7k +122,665
45 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 139,680139.7k $6.4m $6.4m 0.00% Reduced -2.0k -2,034
46 Castle Hook Partners LP 0.09% of their portfolio NEW YORK, NY 130,669130.7k $6.0m $6.0m 0.09% New
47 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 121,171121.2k $5.5m $5.5m 0.01% Reduced -236.8k -236,800
48 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 118,013118.0k $5.4m $5.4m 0.00% Added +26.5k +26,519
49 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 113,687113.7k $5.2m $5.2m 0.00% Added +7.1k +7,119
50 BOOTHBAY FUND MANAGEMENT, LLC 0.12% of their portfolio NEW YORK, NY 104,913104.9k $4.8m $4.8m 0.12% Reduced -10.0k -9,978
51 Carrera Capital Advisors 0.79% of their portfolio TROY, MI 102,544102.5k $4.7m $4.7m 0.79% New
52 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 100,883100.9k $4.6m $4.6m 0.00% Reduced -7.6k -7,618
53 QRG CAPITAL MANAGEMENT, INC. 0.05% of their portfolio BERWYN, PA 99,54399.5k $4.5m $4.5m 0.05% Added +38.8k +38,818
54 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 93,36193.4k $4.3m $4.3m 0.00% Reduced -16.8k -16,827
55 MMCAP International Inc. SPC 0.42% of their portfolio GRAND CAYMAN, E9 91,42791.4k $4.2m $4.2m 0.42% New
56 MERCER GLOBAL ADVISORS INC /ADV 0.01% of their portfolio DENVER, CO 89,54389.5k $4.1m $4.1m 0.01% Added +3.0k +3,036
57 Walleye Trading LLC 0.06% of their portfolio NEW YORK, NY 86,12086.1k $3.9m $3.9m 0.06% Reduced -12.9k -12,879
58 Pathstone Holdings, LLC 0.01% of their portfolio ENGLEWOOD, NJ 81,49381.5k $3.7m $3.7m 0.01% Reduced -33.1k -33,137
59 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 72,04772.0k $3.3m $3.3m 0.00% Added +2.9k +2,897
60 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 57,38357.4k $2.6m $2.6m 0.00% Reduced -11.1k -11,079
61 Vanguard Personalized Indexing Management, LLC 0.03% of their portfolio OAKLAND, CA 56,87956.9k $2.6m $2.6m 0.03% Reduced -12.9k -12,940
62 Blackstone Inc. 0.01% of their portfolio NEW YORK, NY 50,98451.0k $2.3m $2.3m 0.01% Added +21.7k +21,711
63 NATIXIS ADVISORS, LLC 0.00% of their portfolio Boston, MA 46,48746.5k $2.1m $2.1m 0.00% Reduced -39.7k -39,717
64 Twin Tree Management, LP 0.21% of their portfolio DALLAS, TX 44,25144.3k $2.0m $2.0m 0.21% Added +25.8k +25,786
65 Mork Capital Management, LLC 1.20% of their portfolio HEALDSBURG, CA 43,20043.2k $2.0m $2.0m 1.20% Unchanged
66 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.01% of their portfolio Stamford, CT 40,85640.9k $1.9m $1.9m 0.01% Added +10.4k +10,433
67 EVOLVE PRIVATE WEALTH, LLC 0.11% of their portfolio LOS ANGELES, CA 40,62640.6k $1.9m $1.9m 0.11% First filing
68 CWA Asset Management Group, LLC 0.06% of their portfolio NAPLES, FL 39,06739.1k $1.8m $1.8m 0.06% Added +1.6k +1,588
69 DYMON ASIA CAPITAL (SINGAPORE) PTE. LTD. 0.39% of their portfolio Singapore, U0 38,34638.3k $1.7m $1.7m 0.39% New
70 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 38,15438.2k $1.7m $1.7m 0.00% Reduced -134 -134
71 Mariner, LLC 0.00% of their portfolio Overland Park, KS 35,67435.7k $1.6m $1.6m 0.00% Added +1.5k +1,537
72 XTX Topco Ltd 0.04% of their portfolio LONDON, X0 35,27735.3k $1.6m $1.6m 0.04% New
73 PZENA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 34,47534.5k $1.6m $1.6m 0.00% Reduced -4.0k -3,961
74 SIGNATUREFD, LLC 0.02% of their portfolio ATLANTA, GA 34,02534.0k $1.6m $1.6m 0.02% Added +448 +448
75 Brooklyn Investment Group 0.07% of their portfolio NEW YORK, NY 33,79933.8k $1.5m $1.5m 0.07% Added +24.1k +24,138
76 KESTRA PRIVATE WEALTH SERVICES, LLC 0.02% of their portfolio AUSTIN, TX 33,12833.1k $1.5m $1.5m 0.02% Reduced -79 -79
77 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 32,17632.2k $1.5m $1.5m 0.00% Reduced -20.3k -20,316
78 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 31,16731.2k $1.4m $1.4m 0.00% Added +8.4k +8,352
79 Dayah Capital LLC 0.92% of their portfolio STAMFORD, CT 30,09930.1k $1.4m $1.4m 0.92% First filing
80 GROUP ONE TRADING LLC 0.04% of their portfolio CHICAGO, IL 28,74428.7k $1.3m $1.3m 0.04% New
81 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 28,70928.7k $1.3m $1.3m 0.00% New
82 Crossmark Global Holdings, Inc. 0.02% of their portfolio HOUSTON, TX 27,52027.5k $1.3m $1.3m 0.02% Reduced -6.0k -6,035
83 ICON ADVISERS INC/CO 0.27% of their portfolio GREENWOOD VILLAGE, CO 27,00027.0k $1.2m $1.2m 0.27% New
84 AlphaCore Capital LLC 0.03% of their portfolio LA JOLLA, CA 26,43026.4k $1.2m $1.2m 0.03% Reduced -5.5k -5,464
85 HANTZ FINANCIAL SERVICES, INC. 0.02% of their portfolio SOUTHFIELD, MI 26,36426.4k $1.2m $1.2m 0.02% Added +8.8k +8,807
86 Darwin Wealth Management, LLC 0.35% of their portfolio TAMPA, FL 24,70624.7k $1.1m $1.1m 0.35% New
87 AXXCESS WEALTH MANAGEMENT, LLC 0.02% of their portfolio CARLSBAD, CA 24,37624.4k $1.1m $1.1m 0.02% New
88 Vestmark Advisory Solutions, Inc. 0.01% of their portfolio Wakefield, MA 24,32724.3k $1.1m $1.1m 0.01% Added +14.8k +14,808
89 QUADRANT CAPITAL GROUP LLC 0.03% of their portfolio CINCINNATI, OH 23,54523.5k $1.1m $1.1m 0.03% Reduced -184 -184
90 Legacy Wealth Asset Management, LLC 0.26% of their portfolio WOODBURY, MN 23,54023.5k $1.1m $1.1m 0.26% Reduced -1.2k -1,238
91 OPPENHEIMER ASSET MANAGEMENT INC. 0.01% of their portfolio NEW YORK, NY 21,40221.4k $975.3k $975.3k 0.01% Reduced -13.3k -13,276
92 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 21,39621.4k $975.0k $975.0k 0.00% Added +16.4k +16,413
93 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 21,09321.1k $961.2k $961.2k 0.00% Added +7.2k +7,193
94 Vident Advisory, LLC 0.01% of their portfolio Alpharetta, GA 20,20120.2k $920.6k $920.6k 0.01% Reduced -461 -461
95 HIGHLAND CAPITAL MANAGEMENT, LLC 0.05% of their portfolio MEMPHIS, TN 20,17720.2k $919.5k $919.5k 0.05% Reduced -2.4k -2,390
96 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 19,78519.8k $901.6k $901.6k 0.00% Added +14.0k +13,963
97 SALT Holding Corp. 0.71% of their portfolio WILMINGTON, DE 19,70019.7k $897.7k $897.7k 0.71% Unchanged
98 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 18,96619.0k $864.3k $864.3k 0.00% Reduced -118 -118
99 Sequoia Financial Advisors, LLC 0.00% of their portfolio Akron, OH 18,80618.8k $857.0k $857.0k 0.00% Added +2.1k +2,091
100 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 18,38618.4k $837.9k $837.9k 0.00% Added +190 +190