From Yahoo Finance: 2025-05-15 20:12:00

Billionaire investor Daniel Loeb’s hedge fund Third Point revealed its stakes in U.S. Steel and Kenvue, hoping for buyouts. U.S. Steel is awaiting acquisition by Nippon Steel, with a national security review delaying the process. Third Point owned 12.2 million shares of U.S. Steel and 8.9 million shares of Kenvue as of March 31, 2025.

Loeb expressed optimism for the merger between U.S. Steel and Nippon Steel. Third Point’s undisclosed stake in Kenvue, a company facing pressure for divestment or sale, was revealed in the filings. Toms Capital Investment Management also built positions in U.S. Steel and Kenvue during the first quarter, with 4.9 million shares and 14.4 million shares, respectively.

Investment firms’ 13F filings, detailing stakes in U.S. stocks, provide insight into market trends. Toms Capital has reportedly urged Kenvue to explore strategic alternatives, including a potential sale. The filings show a significant interest in U.S. Steel and Kenvue from various investment firms, signaling potential changes in the companies’ future.



Read more at Yahoo Finance: Third Point details stakes in U.S. Steel, Kenvue in filing