Vault-13

UNITED STATES STL CORP NEW X

COM · Common Stock · CUSIP 912909108 · ISIN US9129091081

461 institutional holders +37 vs Q2 2023
173,735,471173.7m shares reported held*
$5.6bnreported value*
104 new 116 added 159 reduced 71 sold out net bought ≈ $36.3m (+941.0k 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 ($4.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $32.51. Options: 56 managers hold calls ($570.4m notional), 53 hold puts ($1.1bn).

Trends to Q3 2023

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 410Q4 22: 424Q1 23: 444Q2 23: 424Q3 23: 461461Q3 22Q4 22Q1 23Q2 23Q3 23
Numbers
QuarterHolders
Q3 2022410
Q4 2022424
Q1 2023444
Q2 2023424
Q3 2023461

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q4 22: 174 bought or addedQ4 22: 218 cut or sold outQ4 22Q1 23: 211 bought or addedQ1 23: 195 cut or sold outQ1 23Q2 23: 182 bought or addedQ2 23: 225 cut or sold outQ2 23Q3 23: 220 bought or addedQ3 23: 230 cut or sold outQ3 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022174218
Q1 2023211195
Q2 2023182225
Q3 2023220230

Calls vs puts

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

CallsPuts
$0$500m$1bn$1.5bnQ4 22 calls: $506.2mQ4 22 puts: $980.8mQ4 22P/C 1.94Q1 23 calls: $286.0mQ1 23 puts: $600.4mQ1 23P/C 2.10Q2 23 calls: $278.5mQ2 23 puts: $556.7mQ2 23P/C 2.00Q3 23 calls: $570.4mQ3 23 puts: $1.1bnQ3 23P/C 1.97
Numbers
QuarterCallsPutsP/C
Q4 2022$506.2m$980.8m1.94
Q1 2023$286.0m$600.4m2.10
Q2 2023$278.5m$556.7m2.00
Q3 2023$570.4m$1.1bn1.97

Biggest buyers

TOMS Capital Investment Management LP New +5,390,000+5.4m
Third Point LLC New +4,750,000+4.8m
Davidson Kempner Capital Management LP New +2,205,059+2.2m
TIG Advisors, LLC New +2,106,461+2.1m
FRANKLIN RESOURCES INC Added +1,898,886+1.9m
Westchester Capital Management, LLC New +1,773,450+1.8m
Laurion Capital Management LP New +1,567,490+1.6m
Slate Path Capital LP Added +1,246,500+1.2m
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC New +1,139,509+1.1m
BARCLAYS PLC Added +867,151+867.2k

Biggest sellers

MARSHALL WACE, LLP Reduced -4,076,000-4.1m
TWO SIGMA INVESTMENTS, LP Reduced -3,179,729-3.2m
THOMPSON SIEGEL & WALMSLEY LLC Reduced -2,269,196-2.3m
TWO SIGMA ADVISERS, LP Reduced -2,131,000-2.1m
CITADEL ADVISORS LLC Reduced -2,020,078-2.0m
AQR CAPITAL MANAGEMENT LLC Reduced -1,935,457-1.9m
MILLENNIUM MANAGEMENT LLC Reduced -1,632,530-1.6m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -1,266,752-1.3m
BANK OF MONTREAL /CAN/ Reduced -1,182,141-1.2m
Anomaly Capital Management, LP Reduced -1,102,717-1.1m

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $115.5m3.6m shares
CITADEL ADVISORS LLC Added $75.8m2.3m shares
JANE STREET GROUP, LLC Added $55.1m1.7m shares
SIMPLEX TRADING, LLC Added $54.6m1.7m shares
UBS Group AG Added $27.7m854.3k shares
GROUP ONE TRADING LLC Added $22.6m697.2k shares
IMC-Chicago, LLC Added $19.0m586.4k shares
Walleye Trading LLC Added $18.1m558.3k shares
GTS SECURITIES LLC New $18.0m553.1k shares
Davidson Kempner Capital Management LP New $16.2m500.0k shares

Biggest puts

CITADEL ADVISORS LLC Added $228.0m7.0m shares
UBS Group AG Added $132.7m4.1m shares
Davidson Kempner Capital Management LP New $113.7m3.5m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $98.3m3.0m shares
Westchester Capital Management, LLC New $63.2m1.9m shares
SIMPLEX TRADING, LLC Added $50.4m1.6m shares
JANE STREET GROUP, LLC Added $40.6m1.2m shares
D. E. Shaw & Co., Inc. Added $37.2m1.1m shares
Saba Capital Management, L.P. New $34.7m1.1m shares
Walleye Trading LLC Added $33.5m1.0m 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.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
BlackRock, Inc. 13G · institution filed 2025-04-24 8.8% 20.0m 2025-04-24
Third Point LLC 13G · passive investor new · filed 2025-05-07 5.4% new 12.2m 2025-05-07

Holders, Q3 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BlackRock Inc. 0.02% of their portfolio New York, NY 21,576,99621.6m $700.8m $700.8m 0.02% Reduced -100.8k -100,812
2 VANGUARD GROUP INC 0.02% of their portfolio Valley Forge, PA 20,584,96420.6m $668.6m $668.6m 0.02% Reduced -419.7k -419,739
3 DIMENSIONAL FUND ADVISORS LP 0.12% of their portfolio AUSTIN, TX 10,867,86610.9m $353.0m $353.0m 0.12% Added +343.0k +342,985
4 STATE STREET CORP 0.02% of their portfolio BOSTON, MA 8,751,8968.8m $284.3m $284.3m 0.02% Reduced -1.1m -1,071,193
5 Slate Path Capital LP 6.51% of their portfolio New York, NY 7,189,5007.2m $233.5m $233.5m 6.51% Added +1.2m +1,246,500
6 TOMS Capital Investment Management LP 16.29% of their portfolio NEW YORK, NY 5,390,0005.4m $175.1m $175.1m 16.29% New
7 Third Point LLC 2.36% of their portfolio NEW YORK, NY 4,750,0004.8m $154.3m $154.3m 2.36% New
8 KGH Ltd 8.16% of their portfolio NASSAU, C5 4,488,7694.5m $145.8m $145.8m 8.16% Added +315.0k +315,000
9 DONALD SMITH & CO., INC. 4.54% of their portfolio NEW YORK, NY 4,066,3454.1m $132.1m $132.1m 4.54% Added +210.5k +210,497
10 GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BOSTON, MA 3,400,9733.4m $110.5m $110.5m 0.01% Added +44.0k +43,964
11 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 3,267,6213.3m $106.1m $106.1m 0.01% Reduced -636.7k -636,718
12 D. E. Shaw & Co., Inc. 0.17% of their portfolio New York, NY 3,248,4443.2m $105.5m $105.5m 0.17% Reduced -205.1k -205,118
13 BARCLAYS PLC 0.05% of their portfolio LONDON, X0 2,577,5062.6m $83.7m $83.7m 0.05% Added +867.2k +867,151
14 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio SAN FRANCISCO, CA 2,404,6572.4m $78.1m $78.1m 0.02% Added +67.8k +67,824
15 PSquared Asset Management AG 7.05% of their portfolio ZURICH, V8 2,370,0002.4m $77.0m $77.0m 7.05% Not comparable
16 Bank of New York Mellon Corp 0.02% of their portfolio NEW YORK, NY 2,344,8302.3m $76.2m $76.2m 0.02% Reduced -83.8k -83,782
17 Davidson Kempner Capital Management LP 1.10% of their portfolio New York, NY 2,205,0592.2m $71.6m $71.6m 1.10% New
18 NORGES BANK 0.01% of their portfolio OSLO, Q8 2,202,6222.2m $71.5m $71.5m 0.01% Reduced -53.7k -53,700
19 FRANKLIN RESOURCES INC 0.03% of their portfolio San Mateo, CA 2,117,8412.1m $68.8m $68.8m 0.03% Added +1.9m +1,898,886
20 TIG Advisors, LLC 3.37% of their portfolio New York, NY 2,106,4612.1m $68.4m $68.4m 3.37% New
21 MARSHALL WACE, LLP 0.14% of their portfolio LONDON, X0 2,056,5812.1m $66.8m $66.8m 0.14% Reduced -4.1m -4,076,000
22 AQR CAPITAL MANAGEMENT LLC 0.13% of their portfolio Greenwich, CT 2,005,5022.0m $65.1m $65.1m 0.13% Reduced -1.9m -1,935,457
23 TWO SIGMA ADVISERS, LP 0.15% of their portfolio NEW YORK, NY 1,843,3001.8m $59.9m $59.9m 0.15% Reduced -2.1m -2,131,000
24 Westchester Capital Management, LLC 1.98% of their portfolio VALHALLA, NY 1,773,4501.8m $57.6m $57.6m 1.98% New
25 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 1,660,3541.7m $53.9m $53.9m 0.01% Reduced -50.4k -50,370
26 Laurion Capital Management LP 1.33% of their portfolio NEW YORK, NY 1,567,4901.6m $50.9m $50.9m 1.33% New
27 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 1,534,0111.5m $49.8m $49.8m 0.01% Reduced -66.2k -66,154
28 Balyasny Asset Management L.P. 0.13% of their portfolio Chicago, IL 1,394,3751.4m $45.3m $45.3m 0.13% Reduced -88.2k -88,178
29 Taconic Capital Advisors LP 2.59% of their portfolio NEW YORK, NY 1,370,0001.4m $44.5m $44.5m 2.59% Not comparable
30 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,289,3351.3m $41.9m $41.9m 0.00% Added +472.0k +471,998
31 FIRST TRUST ADVISORS LP 0.05% of their portfolio Wheaton, IL 1,247,8891.2m $40.5m $40.5m 0.05% Reduced -71.5k -71,546
32 Mirae Asset Global Investments Co., Ltd. 0.09% of their portfolio SEOUL, M5 1,243,6781.2m $40.4m $40.4m 0.09% Added +77.2k +77,225
33 Verition Fund Management LLC 0.51% of their portfolio GREENWICH, CT 1,162,8521.2m $37.8m $37.8m 0.51% Reduced -46.4k -46,367
34 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 1,141,7131.1m $37.1m $37.1m 0.01% Added +521.8k +521,759
35 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.12% of their portfolio PLYMOUTH, MN 1,139,5091.1m $37.0m $37.0m 0.12% New
36 DEUTSCHE BANK AG\ 0.02% of their portfolio FRANKFURT AM MAIN, 2M 1,130,4731.1m $36.7m $36.7m 0.02% Reduced -243.9k -243,949
37 PRUDENTIAL FINANCIAL INC 0.05% of their portfolio NEWARK, NJ 1,011,0651.0m $32.8m $32.8m 0.05% Reduced -771.1k -771,092
38 JANE STREET GROUP, LLC 0.05% of their portfolio NEW YORK, NY 1,008,0531.0m $32.7m $32.7m 0.05% Added +56.3k +56,304
39 TWO SIGMA INVESTMENTS, LP 0.09% of their portfolio NEW YORK, NY 992,519992.5k $32.2m $32.2m 0.09% Reduced -3.2m -3,179,729
40 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio Boston, MA 853,983854.0k $27.7m $27.7m 0.01% Reduced -1.1m -1,092,615
41 PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio DES MOINES, IA 822,403822.4k $26.7m $26.7m 0.02% Reduced -27.8k -27,808
42 TOWLE & CO 3.61% of their portfolio DENVER, CO 813,458813.5k $26.4m $26.4m 3.61% Reduced -102.5k -102,522
43 CITADEL ADVISORS LLC 0.03% of their portfolio MIAMI, FL 803,491803.5k $26.1m $26.1m 0.03% Reduced -2.0m -2,020,078
44 RHUMBLINE ADVISERS 0.03% of their portfolio BOSTON, MA 681,213681.2k $22.1m $22.1m 0.03% Reduced -37.5k -37,508
45 BNP PARIBAS FINANCIAL MARKETS 0.05% of their portfolio PARIS, I0 680,705680.7k $22.1m $22.1m 0.05% Reduced -14.8k -14,824
46 Melqart Asset Management (UK) Ltd 1.52% of their portfolio London, X0 655,361655.4k $21.3m $21.3m 1.52% New
47 FARALLON CAPITAL MANAGEMENT, L.L.C. 0.12% of their portfolio SAN FRANCISCO, CA 635,000635.0k $20.6m $20.6m 0.12% Not comparable
48 Legal & General Group Plc 0.01% of their portfolio London, X0 563,142563.1k $18.3m $18.3m 0.01% Added +5.1k +5,079
49 Nuveen Asset Management, LLC 0.01% of their portfolio CHICAGO, IL 555,083555.1k $18.0m $18.0m 0.01% Added +48.2k +48,162
50 Swiss National Bank 0.01% of their portfolio ZURICH, V8 497,800497.8k $16.2m $16.2m 0.01% Added +3.2k +3,200
51 Maven Securities LTD 1.61% of their portfolio ST HELIER, Y9 450,611450.6k $14.6m $14.6m 1.61% New
52 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio NEW YORK, NY 446,088446.1k $14.5m $14.5m 0.01% Added +31.7k +31,741
53 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.07% of their portfolio JUPITER, FL 428,156428.2k $13.9m $13.9m 0.07% New
54 California Public Employees Retirement System 0.01% of their portfolio Sacramento, CA 426,486426.5k $13.9m $13.9m 0.01% Added +20.3k +20,291
55 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 416,202416.2k $13.5m $13.5m 0.00% Reduced -94.4k -94,376
56 Pentwater Capital Management LP 0.13% of their portfolio Naples, FL 407,500407.5k $13.2m $13.2m 0.13% New
57 Gemsstock Ltd. 5.65% of their portfolio London, X0 396,900396.9k $12.9m $12.9m 5.65% New
58 Carlson Capital, L.P. 0.99% of their portfolio DALLAS, TX 390,000390.0k $12.7m $12.7m 0.99% New
59 Hudson Bay Capital Management LP 0.06% of their portfolio STAMFORD, CT 378,312378.3k $12.3m $12.3m 0.06% New
60 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 364,547364.5k $11.8m $11.8m 0.00% Reduced -27.5k -27,501
61 ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio NASHVILLE, TN 362,028362.0k $11.8m $11.8m 0.01% Reduced -95.8k -95,826
62 GENDELL JEFFREY L 0.67% of their portfolio Greenwich, CT 359,649359.6k $11.7m $11.7m 0.67% Reduced -184.7k -184,696
63 Sand Grove Capital Management LLP 1.62% of their portfolio LONDON, X0 347,000347.0k $11.3m $11.3m 1.62% New
64 Berry Street Capital Management LLP 4.70% of their portfolio LONDON, X0 337,500337.5k $11.0m $11.0m 4.70% New
65 Thrivent Financial for Lutherans 0.02% of their portfolio Minneapolis, MN 320,067320.1k $10.4m $10.4m 0.02% Added +116.8k +116,830
66 Petrus Trust Company, LTA 1.10% of their portfolio Dallas, TX 315,000315.0k $10.2m $10.2m 1.10% New
67 Anomaly Capital Management, LP 0.47% of their portfolio New York, NY 314,879314.9k $10.2m $10.2m 0.47% Reduced -1.1m -1,102,717
68 AMERICAN INTERNATIONAL GROUP, INC. 0.07% of their portfolio New York, NY 314,121314.1k $10.2m $10.2m 0.07% Reduced -27.4k -27,430
69 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio BALA CYNWYD, PA 308,211308.2k $10.0m $10.0m 0.02% Reduced -1.3m -1,266,752
70 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 293,920293.9k $9.5m $9.5m 0.01% Added +7.3k +7,315
71 Cambria Investment Management, L.P. 0.77% of their portfolio Manhattan Beach, CA 292,389292.4k $9.5m $9.5m 0.77% Added +22.8k +22,770
72 NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio NEW YORK, NY 287,380287.4k $9.3m $9.3m 0.01% Added +259.1k +259,140
73 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 282,032282.0k $9.2m $9.2m 0.00% Added +76.0k +76,047
74 Retirement Systems of Alabama 0.04% of their portfolio MONTGOMERY, AL 278,395278.4k $9.0m $9.0m 0.04% Reduced -13.5k -13,473
75 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio BOSTON, MA 273,350273.4k $8.9m $8.9m 0.01% New
76 STATE OF WISCONSIN INVESTMENT BOARD 0.03% of their portfolio MADISON, WI 266,595266.6k $8.7m $8.7m 0.03% Added +248.6k +248,632
77 CREDIT SUISSE AG/ 0.01% of their portfolio ZURICH, V8 264,511264.5k $8.6m $8.6m 0.01% Added +3.3k +3,285
78 READYSTATE ASSET MANAGEMENT LP 0.71% of their portfolio CHICAGO, IL 263,400263.4k $8.6m $8.6m 0.71% New
79 AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio KANSAS CITY, MO 262,434262.4k $8.5m $8.5m 0.01% Added +12.7k +12,719
80 NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio ALBANY, NY 260,333260.3k $8.5m $8.5m 0.02% Reduced -30.4k -30,401
81 Brandywine Global Investment Management, LLC 0.07% of their portfolio PHILADELPHIA, PA 257,798257.8k $8.4m $8.4m 0.07% Added +122.4k +122,418
82 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio WEST SACRAMENTO, CA 253,599253.6k $8.2m $8.2m 0.01% Reduced -25.6k -25,647
83 Point72 Middle East FZE 0.50% of their portfolio DUBAI, C0 251,801251.8k $8.2m $8.2m 0.50% Added +108.7k +108,655
84 STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.02% of their portfolio TALLAHASSEE, FL 247,282247.3k $8.0m $8.0m 0.02% Added +250 +250
85 Man Group plc 0.02% of their portfolio LONDON, X0 236,071236.1k $7.7m $7.7m 0.02% New
86 Forest Avenue Capital Management LP 3.35% of their portfolio MIAMI, FL 228,900228.9k $7.4m $7.4m 3.35% New
87 Polar Asset Management Partners Inc. 0.18% of their portfolio TORONTO, A6 226,500226.5k $7.4m $7.4m 0.18% Added +27.3k +27,297
88 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 206,743206.7k $6.7m $6.7m 0.01% Reduced -13.8k -13,785
89 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 199,429199.4k $6.5m $6.5m 0.00% Added +22.7k +22,661
90 TUDOR INVESTMENT CORP ET AL 0.09% of their portfolio STAMFORD, CT 196,098196.1k $6.4m $6.4m 0.09% Added +185.8k +185,757
91 Squarepoint Ops LLC 0.03% of their portfolio NEW YORK, NY 193,415193.4k $6.3m $6.3m 0.03% Added +54.8k +54,782
92 TEXAS PERMANENT SCHOOL FUND CORP 0.06% of their portfolio AUSTIN, TX 189,362189.4k $6.2m $6.2m 0.06% Reduced -10.0k -10,029
93 VAN ECK ASSOCIATES CORP 0.01% of their portfolio NEW YORK, NY 186,558186.6k $6.1m $6.1m 0.01% Reduced -33.6k -33,588
94 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 184,064184.1k $6.0m $6.0m 0.00% Reduced -61.3k -61,295
95 Amundi 0.00% of their portfolio Paris, I0 172,469172.5k $5.7m $5.7m 0.00% Reduced -272.3k -272,293
96 AMALGAMATED BANK 0.05% of their portfolio NEW YORK, NY 168,332168.3k $5.5m $5.5m 0.05% Added +20.8k +20,784
97 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 165,103165.1k $5.4m $5.4m 0.00% Added +86.5k +86,526
98 NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio ALBANY, NY 163,100163.1k $5.3m $5.3m 0.01% Reduced -28.3k -28,275
99 NATIXIS 0.04% of their portfolio PARIS, I0 161,523161.5k $5.2m $5.2m 0.04% New
100 Smith, Graham & Co., Investment Advisors, LP 0.62% of their portfolio Houston, TX 154,657154.7k $5.0m $5.0m 0.62% Reduced -14.6k -14,555