Masters Capital Management’s Cleveland-Cliffs CLF Stock Holding History

Masters Capital Management’s Portfolio CLF Stock Details CLF Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$10.1M	Buy	1,200,000 +200,000	+20%	+$2.29M	0.34%	60
2025 Q4	$13.3M	Sell	1,000,000 -1,000,000	-50%	-$12.6M	0.54%	53
2025 Q3	$24.4M	Hold	2,000,000	–	–	0.88%	32
2025 Q2	$15.2M	Sell	2,000,000 -500,000	-20%	-$3.72M	0.59%	35
2025 Q1	$20.6M	Buy	2,500,000 +500,000	+25%	+$5.08M	1.01%	30
2024 Q4	$18.8M	Sell	2,000,000 -10,000	-0.5%	-$121K	0.69%	37
2024 Q3	$25.7M	Buy	2,010,000 +65,000	+3%	+$883K	1.25%	20
2024 Q2	$29.9M	Sell	1,945,000 -40,000	-2%	-$716K	1.68%	20
2024 Q1	$45.1M	Sell	1,985,000 -15,000	-0.8%	-$297K	1.62%	17
2023 Q4	$40.8M	Buy	2,000,000 +10,000	+0.5%	+$171K	1.67%	10
2023 Q3	$31.1M	Sell	1,990,000 -10,000	-0.5%	-$156K	1.73%	21
2023 Q2	$33.5M	Hold	2,000,000	–	–	1.34%	22
2023 Q1	$36.7M	Hold	2,000,000	–	–	1.86%	19
2022 Q4	$32.2M	Hold	2,000,000	–	–	2.45%	18
2022 Q3	$26.9M	Buy	2,000,000 +500,000	+33%	+$8.32M	1.91%	14
2022 Q2	$23.1M	Buy	1,500,000 +500,000	+50%	+$12M	1.08%	29
2022 Q1	$32.2M	Hold	1,000,000	–	–	1.3%	25
2021 Q4	$21.8M	Hold	1,000,000	–	–	0.88%	36
2021 Q3	$19.8M	Sell	1,000,000 -100,000	-9%	-$2.28M	0.82%	40
2021 Q2	$23.7M	Buy	1,100,000 +1,000,000	+1,000%	+$19.7M	0.7%	32
2021 Q1	$2.01M	Buy	+100,000	New	+$1.63M	0.07%	58
2020 Q3	–	Sell	-1,000,000	Closed	-$6.02M	–	54
2020 Q2	$5.52M	Sell	1,000,000 -1,000,000	-50%	-$4.86M	0.62%	39
2020 Q1	$7.9M	Buy	2,000,000 +1,044,970	+109%	+$6.57M	0.92%	32
2019 Q4	$8.02M	Sell	955,030 -1,144,970	-55%	-$8.79M	0.46%	43
2019 Q3	$15.2M	Buy	2,100,000 +100,000	+5%	+$901K	0.9%	33
2019 Q2	$21.3M	Buy	+2,000,000	New	+$19.7M	1.04%	31
2019 Q1	–	Sell	-2,000,000	Closed	-$15.4M	–	62
2018 Q4	$15.4M	Hold	2,000,000	–	–	0.84%	35
2018 Q3	$25.3M	Buy	2,000,000 +92,835	+5%	+$955K	0.63%	43
2018 Q2	$16.1M	Buy	+1,907,165	New	+$15.2M	0.45%	43
2018 Q1	–	Sell	-2,000,000	Closed	-$15M	–	73
2017 Q4	$14.4M	Hold	2,000,000	–	–	0.35%	50
2017 Q3	$14.3M	Buy	2,000,000 +1,000,000	+100%	+$7.47M	0.33%	54
2017 Q2	$6.92M	Hold	1,000,000	–	–	0.17%	61
2017 Q1	$8.21M	Buy	1,000,000 +51,491	+5%	+$489K	0.2%	56
2016 Q4	$7.98M	Sell	948,509 -51,491	-5%	-$388K	0.18%	61
2016 Q3	$5.85M	Buy	+1,000,000	New	+$6.53M	0.12%	60

Other funds holding CLF

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

VCM

Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM

VPM

Vanguard Portfolio Management Malvern, Pennsylvania $1.91T AUM

MRCP

Maple Rock Capital Partners Toronto, Ontario, Canada $3.07B AUM 157.2% 1-Year Est. Return

SPC

Slate Path Capital New York $6.73B AUM 95.97% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $481B AUM 30.42% 1-Year Est. Return

FFH

Fairfax Financial Holdings Toronto, Ontario, Canada $1.94B AUM 27.76% 1-Year Est. Return

Two Sigma Investments New York $124B AUM 33.93% 1-Year Est. Return

D.E. Shaw & Co New York $166B AUM 43.98% 1-Year Est. Return

Masters Capital Management's CLF Position: Q1 2026 in Review

Masters Capital Management increased its Cleveland-Cliffs (CLF) stake by 20% in Q1 2026, buying an estimated $2.29M and bringing the position to 1,200,000 shares worth $10.1M. The position accounts for 0.34% of the portfolio, ranked #60.

Masters Capital Management first reported a position in CLF in Q3 2016 and has held it in 35 quarters since. The position peaked at $45.1M in Q1 2024. 566 funds tracked by Wall St. Rank hold CLF as of Q1 2026.

Masters Capital Management held 1,200,000 shares of Cleveland-Cliffs worth $10.1M as of Q1 2026.
Masters Capital Management bought 200,000 Cleveland-Cliffs shares in Q1 2026, an estimated $2.29M.
Cleveland-Cliffs made up 0.34% of Masters Capital Management's portfolio in Q1 2026, its #60 holding.
Masters Capital Management first reported a position in Cleveland-Cliffs in Q3 2016 and has held it in 35 quarters since.
Masters Capital Management's Cleveland-Cliffs position peaked at $45.1M in Q1 2024.
566 funds tracked by Wall St. Rank held Cleveland-Cliffs as of Q1 2026.

Based on Masters Capital Management's 13F filing for Q1 2026, filed 15 May 2026.