Details of the third point risks in the United States Steel, Kenfo in the deposit

Written by Svea Herbst-Bayllis

NEW YORK (Reuters) -The investor in Daniel Loub in the third hedge fund on Thursday detailed the size of his stakes in the United States, Steel and Kenvio, and companies that the shareholders hope soon will benefit from their purchase by someone.

The United States is awaiting a steel to be acquired by its rival, Nippon Steel, the largest steel producer in Japan, since 2023, but the deal has been hanging since the Biden administration prevented, and in April the Trump administration ordered a new review of national security.

At the end of the first quarter, the third Point owned 12.2 million shares from the United States Steel, showing the so -called 13F file issued on Thursday.

Lub told investors in a letter that Reuters saw that he had built a “meaningful class” in the United States, and that he was optimistic that the integration between the company and its Japanese rival Nippon Steel could be completed.

He did not publicly recognize the company’s position in Kenvue, the Band-Aids and Tylenol maker, which is paid by other investors to consider the company’s disposal or even the sale of the entire company. On Thursday, the deposit submitting appears on Thursday 8.9 million shares from Kenvue on March 31, 2025.

While the deposits, which separate the dangers of investment companies in American stocks at the end of the previous quarter, are considered backward, they are closely monitored for investment trends.

Separately, Toms Capital Investment Management also built positions in the United States Steel and Kenfo during the first quarter, according to 13F. The company owns 4.9 million shares on the regular shares of US Steel at the end of the first quarter and 14.4 million shares from Kenvue.

Sources familiar with the company’s participation said that TOMS CAPITAL prompted Kenvue to consider strategic alternatives, including a possible sale of the company or parts of them as a whole.

(Participate in Svea Herbst-Bayllis reports; editing by Diane Craft)