WESCO International, Inc. (WCC) received a Schedule 13G/A reporting that SteelMill Master Fund LP and affiliated persons collectively beneficially own 278,594 shares of WESCO common stock, representing 0.6% of the class. The filing names SteelMill Master Fund LP (Cayman Islands), PointState Holdings LLC, PointState Capital LP, PointState Capital GP LLC (all Delaware entities) and Zachary J. Schreiber (U.S.). Each reporting person discloses 0 sole votes and 278,594 shared voting and dispositive powers. The business address for the reporting persons is care of PointState Capital LP in New York. The filing states these shares were not acquired to change or influence control of the issuer.
Positive
None.
Negative
None.
Insights
TL;DR: A small, non-controlling stake (0.6%) was disclosed; immaterial to corporate control or near-term financial impact.
The filing shows a passive disclosure under Schedule 13G/A: 278,594 shares equal 0.6% of WESCO's outstanding common stock, with shared voting and dispositive power across affiliated entities. For investors, this level of ownership is below the 5% threshold that typically signals potential activist intent or material influence. The reporting persons' certification that the position was not acquired to change control reinforces a passive posture. No changes to company governance, financing, or operations are indicated by this filing.
TL;DR: Disclosure meets regulatory requirements; ownership structure shows shared control within affiliated entities, not a control group.
The statement identifies the chain of affiliated entities and an individual (Mr. Schreiber) with shared voting and dispositive authority over the 278,594 shares. The filing explicitly states the reporting persons are not filing as a group for control purposes and includes the standard certification that the holdings are not for changing control. This provides transparency on beneficial ownership and confirms no immediate governance challenge or signaling of an activism campaign.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 3)
WESCO International, Inc.
(Name of Issuer)
Common Stock, par value $.01 per share
(Title of Class of Securities)
95082P105
(CUSIP Number)
06/30/2025
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
SCHEDULE 13G
CUSIP No.
95082P105
1
Names of Reporting Persons
SteelMill Master Fund LP
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
278,594.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
278,594.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
278,594.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.6 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP No.
95082P105
1
Names of Reporting Persons
PointState Holdings LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
278,594.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
278,594.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
278,594.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.6 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP No.
95082P105
1
Names of Reporting Persons
PointState Capital LP
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
278,594.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
278,594.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
278,594.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.6 %
12
Type of Reporting Person (See Instructions)
IA, PN
SCHEDULE 13G
CUSIP No.
95082P105
1
Names of Reporting Persons
PointState Capital GP LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
278,594.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
278,594.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
278,594.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.6 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP No.
95082P105
1
Names of Reporting Persons
Zachary J. Schreiber
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
278,594.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
278,594.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
278,594.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.6 %
12
Type of Reporting Person (See Instructions)
IN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
WESCO International, Inc.
(b)
Address of issuer's principal executive offices:
225 WEST STATION SQUARE DRIVE, STE 700, PITTSBURGH, Pennsylvania, 15219
Item 2.
(a)
Name of person filing:
This statement is filed by:
(i) SteelMill Master Fund LP, a Cayman Islands exempted limited partnership ("SteelMill");
(ii) PointState Holdings LLC, a Delaware limited liability company ("PointState Holdings"), which serves as the general partner of SteelMill;
(iii) PointState Capital LP, a Delaware limited partnership ("PointState"), which serves as the investment manager to SteelMill;
(iv) PointState Capital GP LLC, a Delaware limited liability Company ("PointState GP"), which serves as the general partner of PointState; and
(v) Zachary J. Schreiber ("Mr. Schreiber"), an individual, who serves as managing member of PointState Holdings and PointState GP.
SteelMill, PointState Holdings, PointState, PointState GP and Mr. Schreiber are hereinafter sometimes collectively referred to as the "Reporting Persons." Any disclosures herein with respect to persons other than the Reporting Persons are made on information and belief after making inquiry to the appropriate party.
The Reporting Persons are filing this statement jointly with respect to the same securities as contemplated by Rule 13d-1(k)(1), not as members of a group.
(b)
Address or principal business office or, if none, residence:
The address of the business office of each of the Reporting Persons is care of PointState Capital LP, 9 West 57th Street, 37th Floor, New York, NY 10019.
(c)
Citizenship:
SteelMill is organized under the laws of the Cayman Islands. PointState Holdings, PointState and PointState GP are organized under the laws of the State of Delaware. Mr. Schreiber is a citizen of the United States of America.
(d)
Title of class of securities:
Common Stock, par value $.01 per share
(e)
CUSIP No.:
95082P105
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
The information in Items 5 through 9 and Item 11 on the cover pages to this Schedule 13G is hereby incorporated by reference.
(b)
Percent of class:
0.6 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
0
(ii) Shared power to vote or to direct the vote:
278,594
(iii) Sole power to dispose or to direct the disposition of:
0
(iv) Shared power to dispose or to direct the disposition of:
278,594
Item 5.
Ownership of 5 Percent or Less of a Class.
Ownership of 5 percent or less of a class
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
The information in Items 2 and 4 is hereby incorporated by reference.
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
SteelMill Master Fund LP
Signature:
/s/ Zachary J. Schreiber
Name/Title:
Zachary J. Schreiber, Managing Member of PointState Holdings LLC, the general partner of SteelMill Master Fund LP
Date:
08/14/2025
PointState Holdings LLC
Signature:
/s/ Zachary J. Schreiber
Name/Title:
Zachary J. Schreiber, Managing Member
Date:
08/14/2025
PointState Capital LP
Signature:
/s/ Zachary J. Schreiber
Name/Title:
Zachary J. Schreiber, Managing Member of PointState Holdings LLC and PointState Capital GP LLC, the general partner of PointState Capital LP
How many WESCO (WCC) shares does SteelMill Master Fund LP report owning?
The filing reports 278,594 shares beneficially owned by the reporting persons.
What percentage of WESCO does the reported position represent?
The reported position represents 0.6% of WESCO's outstanding common stock.
Who are the reporting persons named in the Schedule 13G/A?
The reporting persons are SteelMill Master Fund LP, PointState Holdings LLC, PointState Capital LP, PointState Capital GP LLC, and Zachary J. Schreiber.
Does the filing indicate an intent to influence control of WESCO?
No. The filing includes a certification that the securities were not acquired to change or influence control of the issuer.
What voting and dispositive powers are disclosed for the shares?
Each reporting person discloses 0 sole voting and 278,594 shared voting and dispositive powers.
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