NEW YORK, May 15 (Reuters) - Billionaire investor Daniel

Loeb's hedge fund Third Point on Thursday detailed the size of

its stakes in U.S. Steel and Kenvue ( KVUE ), companies

that shareholders hope will soon benefit from being bought by

someone.

U.S. Steel has been waiting to be acquired by rival Nippon

Steel, Japan's largest steel producer, since 2023, but the deal

has been on hold since the Biden administration blocked it and

the Trump administration in April ordered a new national

security review.

At the end of the first quarter, Third Point owned 12.2

million shares of U.S. Steel, the so-called 13F filing released

on Thursday showed.

Loeb told investors in a letter seen by Reuters that he had

built the "meaningful stake" in U.S. Steel and that he was

optimistic that a merger between the company and its Japanese

rival Nippon Steel can be completed.

He has not publicly acknowledged the firm's position in

Kenvue ( KVUE ), the maker of Band-Aids and Tylenol, which is being

pushed by other investors to consider divestments or even a sale

of the entire company. Thursday's filing shows Third Point owned

8.9 million shares of Kenvue ( KVUE ) on March 31, 2025.

While the filings, which detail investment firms' stakes in

U.S. stocks at the end of the previous quarter, are

backward-looking, they are closely watched for investment

trends.

Separately, Toms Capital Investment Management also built

positions in U.S. Steel and Kenvue ( KVUE ) during the first quarter,

according to its 13F filing. The firm owned 4.9 million shares

in common stock of U.S. Steel at the end of the first quarter

and 14.4 million shares of Kenvue ( KVUE ), the filings show.

Toms Capital has pushed Kenvue ( KVUE ) to consider strategic

alternatives, including a possible sale of the entire company or

portions of it, sources familiar with the firm's engagement

said.