11 Top Performing European Stocks So Far In 2025

7. ArcelorMittal S.A. (NYSE:MT)

Number of Hedge Fund Holders: 18

YTD Share Price Performance as of April 11: 17.50%

ArcelorMittal S.A. (NYSE:MT) was founded in 1976 and is headquartered in Luxembourg. It is a global steel and mining company that produces flat steel products like coils, sheets, and tinplate; long steel products such as bars, wire rods, rails, and structural sections; and both seamless and welded pipes and tubes. It also supplies raw materials like iron ore and coking coal, which are used in the automotive, construction, and energy industries. ArcelorMittal S.A. (NYSE:MT)’s stock has climbed 17.5% year-to-date as of April 11, making it one of the best performing stocks in Europe.

On April 10, Goldman Sachs analyst Matt Greene upgraded ArcelorMittal S.A. (NYSE:MT) to Buy from Neutral and set a price target of €29, up from €26.10. Greene pointed to declining iron ore and coal prices, which are expected to cut production costs and support profit margins, even if steel prices don’t go up. Goldman Sachs also expects an oversupply of major raw materials, adding to the optimistic outlook.

ArcelorMittal S.A. (NYSE:MT), on April 7, initiated a new share buyback program after concluding its last 85 million share repurchase on April 2, 2025. The new program will run in phases through May 2030, starting with an initial tranche of up to 10 million shares. The actual number of shares repurchased will depend on how much free cash flow the company generates after paying dividends, along with market conditions and shareholder approval.

According to Insider Monkey’s fourth quarter database, 18 hedge funds held bullish positions in ArcelorMittal S.A. (NYSE:MT), compared to 14 funds in the prior quarter. John Overdeck and David Siegel’s Two Sigma Advisors was the biggest stakeholder of the company, with over 2 million shares valued at $48.2 million.