Vault-13

UNITED STATES STL CORP NEW X

COM · Common Stock · CUSIP 912909108 · ISIN US9129091081

518 institutional holders +57 vs Q3 2023
202,956,782203.0m shares reported held*
$9.9bnreported value*
105 new 136 added 179 reduced 66 sold out net bought ≈ $1.3bn (+27.5m 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 ($10.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $48.60. Options: 57 managers hold calls ($1.2bn notional), 73 hold puts ($2.4bn).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 410Q4 22: 424Q1 23: 444Q2 23: 424Q3 23: 461Q4 23: 518518Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 2022410
Q4 2022424
Q1 2023444
Q2 2023424
Q3 2023461
Q4 2023518

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 23Q4 23: 241 bought or addedQ4 23: 245 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022174218
Q1 2023211195
Q2 2023182225
Q3 2023220230
Q4 2023241245

Calls vs puts

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

CallsPuts
$0$1bn$2bn$3bnQ1 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 1.97Q4 23 calls: $1.2bnQ4 23 puts: $2.4bnQ4 23P/C 2.01
Numbers
QuarterCallsPutsP/C
Q1 2023$286.0m$600.4m2.10
Q2 2023$278.5m$556.7m2.00
Q3 2023$570.4m$1.1bn1.97
Q4 2023$1.2bn$2.4bn2.01

Biggest buyers

Pentwater Capital Management LP Added +10,012,500+10.0m
Davidson Kempner Capital Management LP Added +6,338,486+6.3m
MORGAN STANLEY Added +4,704,617+4.7m
Balyasny Asset Management L.P. Added +1,983,867+2.0m
KRYGER CAPITAL Ltd New +1,963,606+2.0m
NORGES BANK Added +1,927,934+1.9m
FARALLON CAPITAL MANAGEMENT, L.L.C. Added +1,814,500+1.8m
UBS Group AG Added +1,626,060+1.6m
MILLENNIUM MANAGEMENT LLC Added +1,618,471+1.6m
Segantii Capital Management Ltd New +1,415,000+1.4m

Biggest sellers

TOMS Capital Investment Management LP Reduced -4,865,000-4.9m
Slate Path Capital LP Reduced -4,662,500-4.7m
KGH Ltd Reduced -2,396,758-2.4m
BARCLAYS PLC Reduced -2,166,130-2.2m
BlackRock Inc. Reduced -1,739,148-1.7m
MARSHALL WACE, LLP Reduced -1,275,482-1.3m
D. E. Shaw & Co., Inc. Reduced -1,145,012-1.1m
TWO SIGMA ADVISERS, LP Reduced -1,077,000-1.1m
Verition Fund Management LLC Reduced -1,065,677-1.1m
AQR CAPITAL MANAGEMENT LLC Reduced -1,040,024-1.0m

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $192.7m4.0m shares
JANE STREET GROUP, LLC Added $131.1m2.7m shares
GROUP ONE TRADING LLC Added $104.1m2.1m shares
SIMPLEX TRADING, LLC Added $86.7m1.8m shares
Walleye Trading LLC Added $76.5m1.6m shares
CITADEL ADVISORS LLC Reduced $75.5m1.6m shares
Maven Securities LTD Added $70.3m1.4m shares
Balyasny Asset Management L.P. New $64.1m1.3m shares
Marathon Trading Investment Management LLC Added $61.6m1.3m shares
Taconic Capital Advisors LP Added $48.6m1.0m shares

Biggest puts

CITADEL ADVISORS LLC Reduced $334.5m6.9m shares
Pentwater Capital Management LP Added $318.1m6.5m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $204.7m4.2m shares
UBS Group AG Added $203.3m4.2m shares
Walleye Trading LLC Added $94.3m1.9m shares
NOMURA HOLDINGS INC Added $91.5m1.9m shares
Davidson Kempner Capital Management LP Reduced $85.1m1.8m shares
SIMPLEX TRADING, LLC Added $79.3m1.6m shares
LMR Partners LLP New $73.0m1.5m shares
Maven Securities LTD Added $72.9m1.5m 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, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VANGUARD GROUP INC 0.02% of their portfolio Valley Forge, PA 20,094,50720.1m $977.6m $977.6m 0.02% Reduced -490.5k -490,457
2 BlackRock Inc. 0.02% of their portfolio New York, NY 19,837,84819.8m $965.1m $965.1m 0.02% Reduced -1.7m -1,739,148
3 DIMENSIONAL FUND ADVISORS LP 0.15% of their portfolio AUSTIN, TX 10,604,40410.6m $515.9m $515.9m 0.15% Reduced -263.5k -263,462
4 Pentwater Capital Management LP 9.52% of their portfolio Naples, FL 10,420,00010.4m $506.9m $506.9m 9.52% Added +10.0m +10,012,500
5 STATE STREET CORP 0.02% of their portfolio BOSTON, MA 8,779,0318.8m $427.1m $427.1m 0.02% Added +27.1k +27,135
6 Davidson Kempner Capital Management LP 7.33% of their portfolio New York, NY 8,543,5458.5m $415.6m $415.6m 7.33% Added +6.3m +6,338,486
7 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 7,972,2388.0m $387.8m $387.8m 0.02% Added +4.7m +4,704,617
8 Third Point LLC 4.03% of their portfolio NEW YORK, NY 5,500,0005.5m $267.6m $267.6m 4.03% Added +750.0k +750,000
9 DONALD SMITH & CO., INC. 5.63% of their portfolio NEW YORK, NY 4,513,5314.5m $219.6m $219.6m 5.63% Added +447.2k +447,186
10 NORGES BANK 0.04% of their portfolio OSLO, Q8 4,130,5564.1m $201.0m $201.0m 0.04% Added +1.9m +1,927,934
11 GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio BOSTON, MA 3,527,2753.5m $171.6m $171.6m 0.02% Added +126.3k +126,302
12 Balyasny Asset Management L.P. 0.46% of their portfolio Chicago, IL 3,378,2423.4m $164.4m $164.4m 0.46% Added +2.0m +1,983,867
13 TIG Advisors, LLC 20.36% of their portfolio New York, NY 2,790,7352.8m $135.8m $135.8m 20.36% Added +684.3k +684,274
14 Slate Path Capital LP 2.73% of their portfolio New York, NY 2,527,0002.5m $122.9m $122.9m 2.73% Reduced -4.7m -4,662,500
15 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio SAN FRANCISCO, CA 2,498,7372.5m $121.6m $121.6m 0.03% Added +94.1k +94,080
16 FARALLON CAPITAL MANAGEMENT, L.L.C. 0.75% of their portfolio SAN FRANCISCO, CA 2,449,5002.4m $119.2m $119.2m 0.75% Added +1.8m +1,814,500
17 PSquared Asset Management AG 21.09% of their portfolio ZURICH, V8 2,370,0002.4m $105.7m $105.7m 21.09% Unchanged
18 FRANKLIN RESOURCES INC 0.05% of their portfolio San Mateo, CA 2,296,9292.3m $111.7m $111.7m 0.05% Added +179.1k +179,088
19 Bank of New York Mellon Corp 0.02% of their portfolio NEW YORK, NY 2,239,4082.2m $108.9m $108.9m 0.02% Reduced -105.4k -105,422
20 CITADEL ADVISORS LLC 0.11% of their portfolio MIAMI, FL 2,161,9722.2m $105.2m $105.2m 0.11% Added +1.4m +1,358,481
21 D. E. Shaw & Co., Inc. 0.15% of their portfolio New York, NY 2,103,4322.1m $102.3m $102.3m 0.15% Reduced -1.1m -1,145,012
22 KGH Ltd 5.84% of their portfolio NASSAU, C5 2,092,0112.1m $101.8m $101.8m 5.84% Reduced -2.4m -2,396,758
23 KRYGER CAPITAL Ltd 15.20% of their portfolio LONDON, X0 1,963,6062.0m $95.5m $95.5m 15.20% New
24 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,939,5121.9m $94.4m $94.4m 0.00% Added +650.2k +650,177
25 MILLENNIUM MANAGEMENT LLC 0.08% of their portfolio NEW YORK, NY 1,724,3161.7m $83.9m $83.9m 0.08% Added +1.6m +1,618,471
26 UBS Group AG 0.03% of their portfolio ZURICH, V8 1,683,8571.7m $81.9m $81.9m 0.03% Added +1.6m +1,626,060
27 Laurion Capital Management LP 2.85% of their portfolio NEW YORK, NY 1,636,4901.6m $79.6m $79.6m 2.85% Added +69.0k +69,000
28 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 1,609,7851.6m $78.3m $78.3m 0.01% Added +75.8k +75,774
29 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.13% of their portfolio BALA CYNWYD, PA 1,538,0371.5m $74.8m $74.8m 0.13% Added +1.2m +1,229,826
30 Segantii Capital Management Ltd 4.16% of their portfolio HONG KONG, K3 1,415,0001.4m $68.8m $68.8m 4.16% New
31 OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 2.16% of their portfolio CHICAGO, IL 1,400,0001.4m $68.1m $68.1m 2.16% Not comparable
32 Invesco Ltd. 0.02% of their portfolio ATLANTA, GA 1,357,4191.4m $66.0m $66.0m 0.02% Reduced -302.9k -302,935
33 Melqart Asset Management (UK) Ltd 5.31% of their portfolio London, X0 1,353,3801.4m $65.8m $65.8m 5.31% Added +698.0k +698,019
34 FIL Ltd 0.07% of their portfolio HAMILTON, D0 1,350,0001.4m $65.7m $65.7m 0.07% New
35 Westchester Capital Management, LLC 2.50% of their portfolio VALHALLA, NY 1,279,9681.3m $62.3m $62.3m 2.50% Reduced -493.5k -493,482
36 Murchinson Ltd. 10.69% of their portfolio TORONTO, A6 1,261,3471.3m $61.4m $61.4m 10.69% New
37 Mirae Asset Global Investments Co., Ltd. 0.12% of their portfolio SEOUL, M5 1,258,1181.3m $61.2m $61.2m 0.12% Added +14.4k +14,440
38 JANE STREET GROUP, LLC 0.07% of their portfolio NEW YORK, NY 1,204,8041.2m $58.6m $58.6m 0.07% Added +196.8k +196,751
39 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.16% of their portfolio PLYMOUTH, MN 1,117,2461.1m $54.4m $54.4m 0.16% Reduced -22.3k -22,263
40 BANK OF NOVA SCOTIA 0.10% of their portfolio TORONTO, A6 1,096,4061.1m $53.3m $53.3m 0.10% New
41 ING GROEP NV 0.40% of their portfolio AMSTERDAM, P7 1,023,0001.0m $49.8m $49.8m 0.40% New
42 Taconic Capital Advisors LP 4.69% of their portfolio NEW YORK, NY 1,000,0001.0m $48.6m $48.6m 4.69% Reduced -370.0k -370,000
43 AQR CAPITAL MANAGEMENT LLC 0.09% of their portfolio Greenwich, CT 965,478965.5k $47.0m $47.0m 0.09% Reduced -1.0m -1,040,024
44 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.09% of their portfolio Boston, MA 869,194869.2k $42.3m $42.3m 0.09% Added +769.2k +769,194
45 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 868,022868.0k $42.2m $42.2m 0.01% Reduced -273.7k -273,691
46 ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio NASHVILLE, TN 857,506857.5k $41.7m $41.7m 0.02% Added +495.5k +495,478
47 NATIXIS 0.32% of their portfolio PARIS, I0 855,344855.3k $41.6m $41.6m 0.32% Added +693.8k +693,821
48 PRINCIPAL FINANCIAL GROUP INC 0.03% of their portfolio DES MOINES, IA 818,820818.8k $39.8m $39.8m 0.03% Reduced -3.6k -3,583
49 PRUDENTIAL FINANCIAL INC 0.06% of their portfolio NEWARK, NJ 815,441815.4k $39.7m $39.7m 0.06% Reduced -195.6k -195,624
50 AQR Arbitrage LLC 1.60% of their portfolio Greenwich, CT 813,418813.4k $39.6m $39.6m 1.60% New
51 FIRST TRUST ADVISORS LP 0.04% of their portfolio Wheaton, IL 805,859805.9k $39.2m $39.2m 0.04% Reduced -442.0k -442,030
52 Magnetar Financial LLC 0.97% of their portfolio EVANSTON, IL 786,768786.8k $38.3m $38.3m 0.97% New
53 MARSHALL WACE, LLP 0.07% of their portfolio LONDON, X0 781,099781.1k $38.0m $38.0m 0.07% Reduced -1.3m -1,275,482
54 TWO SIGMA ADVISERS, LP 0.09% of their portfolio NEW YORK, NY 766,300766.3k $37.3m $37.3m 0.09% Reduced -1.1m -1,077,000
55 ALPINE ASSOCIATES MANAGEMENT INC. 1.90% of their portfolio PALM BEACH, FL 762,400762.4k $37.1m $37.1m 1.90% New
56 TWO SIGMA INVESTMENTS, LP 0.09% of their portfolio NEW YORK, NY 734,293734.3k $35.7m $35.7m 0.09% Reduced -258.2k -258,226
57 TOWLE & CO 4.05% of their portfolio DENVER, CO 720,028720.0k $35.0m $35.0m 4.05% Reduced -93.4k -93,430
58 Qube Research & Technologies Ltd 0.08% of their portfolio LONDON, X0 689,575689.6k $33.5m $33.5m 0.08% New
59 RHUMBLINE ADVISERS 0.03% of their portfolio BOSTON, MA 661,365661.4k $32.2m $32.2m 0.03% Reduced -19.8k -19,848
60 BOOTHBAY FUND MANAGEMENT, LLC 1.07% of their portfolio NEW YORK, NY 633,918633.9k $30.8m $30.8m 1.07% Added +627.0k +627,044
61 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio Boston, MA 605,159605.2k $29.4m $29.4m 0.01% Reduced -248.8k -248,824
62 Quinn Opportunity Partners LLC 3.14% of their portfolio CHARLOTTESVILLE, VA 557,716557.7k $27.1m $27.1m 3.14% New
63 Legal & General Group Plc 0.01% of their portfolio London, X0 550,990551.0k $26.8m $26.8m 0.01% Reduced -12.2k -12,152
64 TOMS Capital Investment Management LP 2.08% of their portfolio NEW YORK, NY 525,000525.0k $25.5m $25.5m 2.08% Reduced -4.9m -4,865,000
65 NEUBERGER BERMAN GROUP LLC 0.02% of their portfolio NEW YORK, NY 495,095495.1k $24.1m $24.1m 0.02% Added +207.7k +207,715
66 Nuveen Asset Management, LLC 0.01% of their portfolio CHICAGO, IL 494,930494.9k $24.1m $24.1m 0.01% Reduced -60.2k -60,153
67 Hudson Bay Capital Management LP 0.21% of their portfolio STAMFORD, CT 492,852492.9k $24.0m $24.0m 0.21% Added +114.5k +114,540
68 READYSTATE ASSET MANAGEMENT LP 1.41% of their portfolio CHICAGO, IL 485,086485.1k $23.6m $23.6m 1.41% Added +221.7k +221,686
69 Woodline Partners LP 0.24% of their portfolio San Francisco, CA 460,000460.0k $22.4m $22.4m 0.24% New
70 Sumitomo Mitsui DS Asset Management Company, Ltd 0.29% of their portfolio TOKYO, M0 452,900452.9k $22.0m $22.0m 0.29% New
71 Swiss National Bank 0.02% of their portfolio ZURICH, V8 439,400439.4k $21.4m $21.4m 0.02% Reduced -58.4k -58,400
72 HBK INVESTMENTS L P 0.50% of their portfolio DALLAS, TX 433,227433.2k $21.1m $21.1m 0.50% Not comparable
73 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio NEW YORK, NY 412,738412.7k $20.1m $20.1m 0.01% Reduced -33.4k -33,350
74 BARCLAYS PLC 0.01% of their portfolio LONDON, X0 411,376411.4k $20.0m $20.0m 0.01% Reduced -2.2m -2,166,130
75 Allianz Asset Management GmbH 0.04% of their portfolio MUNICH, 2M 404,692404.7k $19.7m $19.7m 0.04% Added +350.7k +350,692
76 California Public Employees Retirement System 0.01% of their portfolio Sacramento, CA 391,381391.4k $19.0m $19.0m 0.01% Reduced -35.1k -35,105
77 CREDIT SUISSE AG/ 0.02% of their portfolio ZURICH, V8 375,234375.2k $18.3m $18.3m 0.02% Added +110.7k +110,723
78 CAPITAL FUND MANAGEMENT S.A. 0.22% of their portfolio PARIS, I0 360,321360.3k $17.5m $17.5m 0.22% Added +322.0k +322,025
79 Carlson Capital, L.P. 1.40% of their portfolio DALLAS, TX 360,000360.0k $17.5m $17.5m 1.40% Reduced -30.0k -30,000
80 Sand Grove Capital Management LLP 5.27% of their portfolio LONDON, X0 350,116350.1k $17.0m $17.0m 5.27% Added +3.1k +3,116
81 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 338,229338.2k $16.5m $16.5m 0.00% Reduced -78.0k -77,973
82 STATE OF WISCONSIN INVESTMENT BOARD 0.05% of their portfolio MADISON, WI 333,190333.2k $16.2m $16.2m 0.05% Added +66.6k +66,595
83 MANGROVE PARTNERS IM, LLC 1.14% of their portfolio Greenwich, CT 332,464332.5k $16.2m $16.2m 1.14% New
84 Amundi 0.01% of their portfolio Paris, I0 332,347332.3k $16.1m $16.1m 0.01% Added +159.9k +159,878
85 Raymond James Financial Services Advisors, Inc. 0.03% of their portfolio ST. PETERSBURG, FL 331,492331.5k $16.1m $16.1m 0.03% Added +250.3k +250,311
86 WATER ISLAND CAPITAL LLC 1.65% of their portfolio NEW YORK, NY 330,143330.1k $16.1m $16.1m 1.65% New
87 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 320,440320.4k $15.6m $15.6m 0.00% Reduced -44.1k -44,107
88 DEUTSCHE BANK AG\ 0.01% of their portfolio FRANKFURT AM MAIN, 2M 309,714309.7k $15.1m $15.1m 0.01% Reduced -820.8k -820,759
89 AMERICAN INTERNATIONAL GROUP, INC. 0.06% of their portfolio New York, NY 301,262301.3k $14.7m $14.7m 0.06% Reduced -12.9k -12,859
90 Samson Rock Capital LLP 15.33% of their portfolio LONDON, X0 300,000300.0k $14.6m $14.6m 15.33% Added +200.0k +200,000
91 Brandywine Global Investment Management, LLC 0.11% of their portfolio PHILADELPHIA, PA 293,230293.2k $14.3m $14.3m 0.11% Added +35.4k +35,432
92 Cambria Investment Management, L.P. 0.97% of their portfolio Manhattan Beach, CA 286,387286.4k $13.9m $13.9m 0.97% Reduced -6.0k -6,002
93 Retirement Systems of Alabama 0.06% of their portfolio MONTGOMERY, AL 279,345279.3k $13.6m $13.6m 0.06% Added +950 +950
94 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 278,593278.6k $13.6m $13.6m 0.01% Reduced -15.3k -15,327
95 AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio KANSAS CITY, MO 276,252276.3k $13.4m $13.4m 0.01% Added +13.8k +13,818
96 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio BOSTON, MA 275,646275.6k $13.4m $13.4m 0.01% Added +2.3k +2,296
97 Twin Securities, Inc. 13.46% of their portfolio New York, NY 255,929255.9k $12.5m $12.5m 13.46% New
98 NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.03% of their portfolio ALBANY, NY 255,133255.1k $12.4m $12.4m 0.03% Reduced -5.2k -5,200
99 Gemsstock Ltd. 4.55% of their portfolio London, X0 252,200252.2k $12.3m $12.3m 4.55% Reduced -144.7k -144,700
100 PICTON MAHONEY ASSET MANAGEMENT 0.56% of their portfolio Toronto, A6 250,000250.0k $12.2m $12.2m 0.56% New