Vault-13

UNITED STATES STL CORP NEW X

COM · Common Stock · CUSIP 912909108 · ISIN US9129091081

495 institutional holders -23 vs Q4 2023
214,666,255214.7m shares reported held*
$8.7bnreported value*
67 new 161 added 178 reduced 89 sold out net bought ≈ $483.4m (+11.9m 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 ($11.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $40.68. Options: 55 managers hold calls ($955.0m notional), 72 hold puts ($2.3bn).

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 410Q4 22: 424Q1 23: 444Q2 23: 424Q3 23: 461Q4 23: 518Q1 24: 495495Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 2022410
Q4 2022424
Q1 2023444
Q2 2023424
Q3 2023461
Q4 2023518
Q1 2024495

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 23Q1 24: 228 bought or addedQ1 24: 267 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 2022174218
Q1 2023211195
Q2 2023182225
Q3 2023220230
Q4 2023241245
Q1 2024228267

Calls vs puts

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

CallsPuts
$0$1bn$2bn$3bnQ2 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 2.01Q1 24 calls: $955.0mQ1 24 puts: $2.3bnQ1 24P/C 2.37
Numbers
QuarterCallsPutsP/C
Q2 2023$278.5m$556.7m2.00
Q3 2023$570.4m$1.1bn1.97
Q4 2023$1.2bn$2.4bn2.01
Q1 2024$955.0m$2.3bn2.37

Biggest buyers

Pentwater Capital Management LP Added +6,354,100+6.4m
MORGAN STANLEY Added +3,489,751+3.5m
MILLENNIUM MANAGEMENT LLC Added +3,001,518+3.0m
OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) Added +2,281,664+2.3m
Sculptor Capital LP New +2,102,292+2.1m
JPMORGAN CHASE & CO Added +2,024,982+2.0m
Qube Research & Technologies Ltd Added +1,869,645+1.9m
UBS Group AG Added +1,832,709+1.8m
FIL Ltd Added +1,720,000+1.7m
ALPINE ASSOCIATES MANAGEMENT INC. Added +1,588,732+1.6m

Biggest sellers

Davidson Kempner Capital Management LP Reduced -7,473,221-7.5m
Third Point LLC Sold out -5,500,000-5.5m
PSquared Asset Management AG Sold out -2,370,000-2.4m
DIMENSIONAL FUND ADVISORS LP Reduced -2,121,810-2.1m
KRYGER CAPITAL Ltd Sold out -1,963,606-2.0m
CITADEL ADVISORS LLC Reduced -1,883,566-1.9m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -1,423,347-1.4m
Segantii Capital Management Ltd Sold out -1,415,000-1.4m
NORGES BANK Reduced -1,237,150-1.2m
D. E. Shaw & Co., Inc. Reduced -1,152,865-1.2m

Biggest calls

Walleye Trading LLC Added $160.4m3.9m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $118.9m2.9m shares
CITADEL ADVISORS LLC Reduced $58.8m1.4m shares
Marathon Trading Investment Management LLC Reduced $51.5m1.3m shares
Balyasny Asset Management L.P. Reduced $47.9m1.2m shares
GROUP ONE TRADING LLC Reduced $46.8m1.1m shares
GOLDMAN SACHS GROUP INC New $44.5m1.1m shares
LMR Partners LLP New $42.8m1.1m shares
Taconic Capital Advisors LP Unchanged $40.8m1.0m shares
Caption Management, LLC Added $35.6m874.2k shares

Biggest puts

Pentwater Capital Management LP Added $742.3m18.2m shares
Marathon Trading Investment Management LLC Added $122.4m3.0m shares
Walleye Trading LLC Added $103.4m2.5m shares
Balyasny Asset Management L.P. Added $94.0m2.3m shares
UBS Group AG Reduced $89.4m2.2m shares
Davidson Kempner Capital Management LP Added $83.6m2.0m shares
TIG Advisors, LLC Added $76.8m1.9m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $73.2m1.8m shares
GROUP ONE TRADING LLC Added $69.5m1.7m shares
CITADEL ADVISORS LLC Reduced $64.5m1.6m 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, Q1 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BlackRock Inc. 0.02% of their portfolio New York, NY 20,397,64320.4m $831.8m $831.8m 0.02% Added +559.8k +559,795
2 VANGUARD GROUP INC 0.02% of their portfolio Valley Forge, PA 20,113,22920.1m $820.2m $820.2m 0.02% Added +18.7k +18,722
3 Pentwater Capital Management LP 11.22% of their portfolio Naples, FL 16,774,10016.8m $684.0m $684.0m 11.22% Added +6.4m +6,354,100
4 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 11,461,98911.5m $467.4m $467.4m 0.01% Added +3.5m +3,489,751
5 DIMENSIONAL FUND ADVISORS LP 0.09% of their portfolio AUSTIN, TX 8,482,5948.5m $345.9m $345.9m 0.09% Reduced -2.1m -2,121,810
6 STATE STREET CORP 0.02% of their portfolio BOSTON, MA 8,444,7148.4m $344.4m $344.4m 0.02% Reduced -334.3k -334,317
7 Balyasny Asset Management L.P. 0.50% of their portfolio Chicago, IL 4,763,6094.8m $194.3m $194.3m 0.50% Added +1.4m +1,385,367
8 MILLENNIUM MANAGEMENT LLC 0.16% of their portfolio NEW YORK, NY 4,725,8344.7m $192.7m $192.7m 0.16% Added +3.0m +3,001,518
9 DONALD SMITH & CO., INC. 4.17% of their portfolio NEW YORK, NY 4,397,8094.4m $179.3m $179.3m 4.17% Reduced -115.7k -115,722
10 TIG Advisors, LLC 20.14% of their portfolio New York, NY 4,235,4264.2m $172.7m $172.7m 20.14% Added +1.4m +1,444,691
11 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 3,964,4944.0m $161.7m $161.7m 0.01% Added +2.0m +2,024,982
12 GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BOSTON, MA 3,689,5893.7m $150.5m $150.5m 0.01% Added +162.3k +162,314
13 OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 4.33% of their portfolio CHICAGO, IL 3,681,6643.7m $150.1m $150.1m 4.33% Added +2.3m +2,281,664
14 UBS Group AG 0.05% of their portfolio ZURICH, V8 3,516,5663.5m $143.4m $143.4m 0.05% Added +1.8m +1,832,709
15 FARALLON CAPITAL MANAGEMENT, L.L.C. 0.76% of their portfolio SAN FRANCISCO, CA 3,190,0003.2m $130.1m $130.1m 0.76% Added +740.5k +740,500
16 FRANKLIN RESOURCES INC 0.04% of their portfolio San Mateo, CA 3,071,8523.1m $125.3m $125.3m 0.04% Added +774.9k +774,923
17 FIL Ltd 0.12% of their portfolio HAMILTON, D0 3,070,0003.1m $125.2m $125.2m 0.12% Added +1.7m +1,720,000
18 NORGES BANK 0.02% of their portfolio OSLO, Q8 2,893,4062.9m $118.0m $118.0m 0.02% Reduced -1.2m -1,237,150
19 Westchester Capital Management, LLC 4.93% of their portfolio VALHALLA, NY 2,853,6952.9m $116.4m $116.4m 4.93% Added +1.6m +1,573,727
20 Qube Research & Technologies Ltd 0.19% of their portfolio LONDON, X0 2,559,2202.6m $104.4m $104.4m 0.19% Added +1.9m +1,869,645
21 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio SAN FRANCISCO, CA 2,549,4802.5m $104.0m $104.0m 0.02% Added +50.7k +50,743
22 KGH Ltd 6.11% of their portfolio NASSAU, C5 2,530,3302.5m $103.2m $103.2m 6.11% Added +438.3k +438,319
23 ALPINE ASSOCIATES MANAGEMENT INC. 3.74% of their portfolio PALM BEACH, FL 2,351,1322.4m $95.9m $95.9m 3.74% Added +1.6m +1,588,732
24 MARSHALL WACE, LLP 0.16% of their portfolio LONDON, X0 2,341,8622.3m $95.5m $95.5m 0.16% Added +1.6m +1,560,763
25 Sculptor Capital LP 1.88% of their portfolio New York, NY 2,102,2922.1m $85.7m $85.7m 1.88% New
26 Murchinson Ltd. 9.57% of their portfolio TORONTO, A6 2,100,0002.1m $85.6m $85.6m 9.57% Added +838.7k +838,653
27 Bank of New York Mellon Corp 0.02% of their portfolio NEW YORK, NY 2,080,5962.1m $84.8m $84.8m 0.02% Reduced -158.8k -158,812
28 Melqart Asset Management (UK) Ltd 5.23% of their portfolio London, X0 1,725,0311.7m $70.3m $70.3m 5.23% Added +371.7k +371,651
29 Slate Path Capital LP 1.36% of their portfolio New York, NY 1,685,5371.7m $68.7m $68.7m 1.36% Reduced -841.5k -841,463
30 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.13% of their portfolio Boston, MA 1,645,1821.6m $67.1m $67.1m 0.13% Added +776.0k +775,988
31 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 1,512,6831.5m $61.7m $61.7m 0.01% Added +155.3k +155,264
32 HBK INVESTMENTS L P 1.52% of their portfolio DALLAS, TX 1,490,2561.5m $60.8m $60.8m 1.52% Added +1.1m +1,057,029
33 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 1,420,3671.4m $57.9m $57.9m 0.01% Reduced -189.4k -189,418
34 ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio NASHVILLE, TN 1,107,7501.1m $45.2m $45.2m 0.02% Added +250.2k +250,244
35 Woodline Partners LP 0.42% of their portfolio San Francisco, CA 1,105,9991.1m $45.1m $45.1m 0.42% Added +646.0k +645,999
36 MANGROVE PARTNERS IM, LLC 3.24% of their portfolio Greenwich, CT 1,089,1691.1m $44.4m $44.4m 3.24% Added +756.7k +756,705
37 ING GROEP NV 0.30% of their portfolio AMSTERDAM, P7 1,077,0001.1m $43.9m $43.9m 0.30% Added +54.0k +54,000
38 WATER ISLAND CAPITAL LLC 4.96% of their portfolio NEW YORK, NY 1,074,5251.1m $43.8m $43.8m 4.96% Added +744.4k +744,382
39 Davidson Kempner Capital Management LP 0.65% of their portfolio New York, NY 1,070,3241.1m $43.6m $43.6m 0.65% Reduced -7.5m -7,473,221
40 BOOTHBAY FUND MANAGEMENT, LLC 1.22% of their portfolio NEW YORK, NY 1,070,0001.1m $43.6m $43.6m 1.22% Added +436.1k +436,082
41 Mirae Asset Global Investments Co., Ltd. 0.06% of their portfolio SEOUL, M5 1,036,5471.0m $26.7m $26.7m 0.06% Reduced -221.6k -221,571
42 D. E. Shaw & Co., Inc. 0.05% of their portfolio New York, NY 950,567950.6k $38.8m $38.8m 0.05% Reduced -1.2m -1,152,865
43 Fort Baker Capital Management LP 5.56% of their portfolio Larkspur, CA 941,935941.9k $38.4m $38.4m 5.56% New
44 Man Group plc 0.10% of their portfolio LONDON, X0 939,494939.5k $38.3m $38.3m 0.10% Added +737.1k +737,132
45 JANE STREET GROUP, LLC 0.05% of their portfolio NEW YORK, NY 889,936889.9k $36.3m $36.3m 0.05% Reduced -314.9k -314,868
46 Laurion Capital Management LP 1.01% of their portfolio NEW YORK, NY 889,057889.1k $36.3m $36.3m 1.01% Reduced -747.4k -747,433
47 Grantham, Mayo, Van Otterloo & Co. LLC 0.13% of their portfolio Boston, MA 861,481861.5k $35.1m $35.1m 0.13% New
48 PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio DES MOINES, IA 842,429842.4k $34.4m $34.4m 0.02% Added +23.6k +23,609
49 Hudson Bay Capital Management LP 0.29% of their portfolio STAMFORD, CT 810,385810.4k $33.0m $33.0m 0.29% Added +317.5k +317,533
50 DEUTSCHE BANK AG\ 0.02% of their portfolio FRANKFURT AM MAIN, 2M 806,441806.4k $32.9m $32.9m 0.02% Added +496.7k +496,727
51 Magnetar Financial LLC 0.72% of their portfolio EVANSTON, IL 786,768786.8k $32.1m $32.1m 0.72% Unchanged
52 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 738,797738.8k $30.1m $30.1m 0.01% Reduced -129.2k -129,225
53 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 733,903733.9k $29.9m $29.9m 0.00% Added +395.7k +395,674
54 Boussard & Gavaudan Investment Management LLP 4.16% of their portfolio London, X0 702,526702.5k $28.9m $28.9m 4.16% Added +482.6k +482,636
55 Alyeska Investment Group, L.P. 0.18% of their portfolio CHICAGO, IL 700,412700.4k $28.6m $28.6m 0.18% New
56 Verition Fund Management LLC 0.26% of their portfolio GREENWICH, CT 665,515665.5k $27.1m $27.1m 0.26% Added +568.3k +568,340
57 BANK OF NOVA SCOTIA 0.05% of their portfolio TORONTO, A6 640,363640.4k $26.1m $26.1m 0.05% Reduced -456.0k -456,043
58 RHUMBLINE ADVISERS 0.02% of their portfolio BOSTON, MA 631,970632.0k $25.8m $25.8m 0.02% Reduced -29.4k -29,395
59 Sand Grove Capital Management LLP 5.57% of their portfolio LONDON, X0 597,353597.4k $24.4m $24.4m 5.57% Added +247.2k +247,237
60 TWO SIGMA INVESTMENTS, LP 0.06% of their portfolio NEW YORK, NY 595,082595.1k $24.3m $24.3m 0.06% Reduced -139.2k -139,211
61 Alberta Investment Management Corp 0.24% of their portfolio EDMONTON, A0 583,458583.5k $23.8m $23.8m 0.24% Added +524.3k +524,258
62 Taconic Capital Advisors LP 2.88% of their portfolio NEW YORK, NY 550,000550.0k $22.4m $22.4m 2.88% Reduced -450.0k -450,000
63 Legal & General Group Plc 0.01% of their portfolio London, X0 540,065540.1k $22.0m $22.0m 0.01% Reduced -10.9k -10,925
64 NATIXIS 0.12% of their portfolio PARIS, I0 536,001536.0k $21.9m $21.9m 0.12% Reduced -319.3k -319,343
65 AQR Arbitrage LLC 0.72% of their portfolio Greenwich, CT 507,404507.4k $20.7m $20.7m 0.72% Reduced -306.0k -306,014
66 TUDOR INVESTMENT CORP ET AL 0.25% of their portfolio STAMFORD, CT 502,116502.1k $20.5m $20.5m 0.25% Added +313.0k +313,047
67 P SCHOENFELD ASSET MANAGEMENT LP 9.09% of their portfolio NEW YORK, NY 498,790498.8k $20.3m $20.3m 9.09% Added +273.8k +273,790
68 Kore Advisors LP 14.16% of their portfolio BOYNTON BEACH, FL 496,349496.3k $20.2m $20.2m 14.16% Added +347.2k +347,200
69 Quinn Opportunity Partners LLC 2.26% of their portfolio CHARLOTTESVILLE, VA 490,188490.2k $20.0m $20.0m 2.26% Reduced -67.5k -67,528
70 Nuveen Asset Management, LLC 0.01% of their portfolio CHICAGO, IL 468,594468.6k $19.1m $19.1m 0.01% Reduced -26.3k -26,336
71 RENAISSANCE TECHNOLOGIES LLC 0.03% of their portfolio NEW YORK, NY 453,800453.8k $18.5m $18.5m 0.03% New
72 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 447,601447.6k $18.3m $18.3m 0.01% Added +127.2k +127,161
73 READYSTATE ASSET MANAGEMENT LP 0.64% of their portfolio CHICAGO, IL 441,826441.8k $18.0m $18.0m 0.64% Reduced -43.3k -43,260
74 Swiss National Bank 0.01% of their portfolio ZURICH, V8 440,600440.6k $18.0m $18.0m 0.01% Added +1.2k +1,200
75 Calamos Advisors LLC 0.09% of their portfolio NAPERVILLE, IL 429,336429.3k $17.5m $17.5m 0.09% Added +311.3k +311,285
76 Twin Securities, Inc. 20.08% of their portfolio New York, NY 424,197424.2k $17.3m $17.3m 20.08% Added +168.3k +168,268
77 GABELLI FUNDS LLC 0.13% of their portfolio Rye, NY 423,750423.8k $17.3m $17.3m 0.13% Added +209.4k +209,450
78 FIRST TRUST ADVISORS LP 0.02% of their portfolio Wheaton, IL 417,365417.4k $17.0m $17.0m 0.02% Reduced -388.5k -388,494
79 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio NEW YORK, NY 409,874409.9k $16.7m $16.7m 0.01% Reduced -2.9k -2,864
80 STATE OF WISCONSIN INVESTMENT BOARD 0.04% of their portfolio MADISON, WI 406,417406.4k $16.6m $16.6m 0.04% Added +73.2k +73,227
81 MY.Alpha Management HK Advisors Ltd 5.96% of their portfolio HONG KONG, K3 389,422389.4k $15.9m $15.9m 5.96% New
82 New York Life Investment Management LLC 0.16% of their portfolio New York, NY 388,358388.4k $15.8m $15.8m 0.16% Added +362.9k +362,883
83 Governors Lane LP 2.53% of their portfolio NEW YORK, NY 386,552386.6k $15.8m $15.8m 2.53% New
84 California Public Employees Retirement System 0.01% of their portfolio Sacramento, CA 384,050384.1k $15.7m $15.7m 0.01% Reduced -7.3k -7,331
85 GABELLI & Co INVESTMENT ADVISERS, INC. 2.72% of their portfolio Rye, NY 383,550383.6k $15.6m $15.6m 2.72% Added +180.7k +180,700
86 HARVEST MANAGEMENT LLC 12.73% of their portfolio New York, NY 365,000365.0k $14.9m $14.9m 12.73% Added +198.2k +198,200
87 Amundi 0.01% of their portfolio Paris, I0 353,621353.6k $13.8m $13.8m 0.01% Added +21.3k +21,274
88 NATIONAL BANK OF CANADA /FI/ 0.02% of their portfolio MONTREAL, A8 339,950339.9k $12.9m $12.9m 0.02% Added +312.1k +312,087
89 BCK CAPITAL MANAGEMENT LP 9.25% of their portfolio STAMFORD, CT 334,296334.3k $13.6m $13.6m 9.25% New
90 NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio NEW YORK, NY 314,375314.4k $12.8m $12.8m 0.01% Reduced -180.7k -180,720
91 WINTON GROUP Ltd 0.90% of their portfolio LONDON, X0 311,215311.2k $12.7m $12.7m 0.90% Added +122.9k +122,918
92 AMERICAN INTERNATIONAL GROUP, INC. 0.04% of their portfolio New York, NY 296,135296.1k $12.1m $12.1m 0.04% Reduced -5.1k -5,127
93 Retirement Systems of Alabama 0.04% of their portfolio MONTGOMERY, AL 280,948280.9k $11.5m $11.5m 0.04% Added +1.6k +1,603
94 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 278,406278.4k $11.4m $11.4m 0.01% Reduced -1.9m -1,883,566
95 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 270,520270.5k $11.0m $11.0m 0.00% Added +173.9k +173,946
96 Centiva Capital, LP 0.62% of their portfolio New York, NY 267,623267.6k $10.9m $10.9m 0.62% Added +221.9k +221,862
97 AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio KANSAS CITY, MO 265,138265.1k $10.8m $10.8m 0.01% Reduced -11.1k -11,114
98 NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio ALBANY, NY 264,224264.2k $10.8m $10.8m 0.02% Added +9.1k +9,091
99 STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.02% of their portfolio TALLAHASSEE, FL 260,803260.8k $6.8m $6.8m 0.02% Added +13.4k +13,444
100 CREDIT SUISSE AG/ 0.01% of their portfolio ZURICH, V8 257,651257.7k $10.5m $10.5m 0.01% Reduced -117.6k -117,583