Cleveland-Cliffs
210 hedge funds and large institutions have $768M invested in Cleveland-Cliffs in 2016 Q3 according to their latest regulatory filings, with 47 funds opening new positions, 85 increasing their positions, 48 reducing their positions, and 26 closing their positions.
81% more first-time investments, than exits
New positions opened: 47 | Existing positions closed: 26
77% more repeat investments, than reductions
Existing positions increased: 85 | Existing positions reduced: 48
20% more capital invested
Capital invested by funds: $642M → $768M (+$126M)
10% more funds holding
Funds holding: 191 → 210 (+19)
4.36% less ownership
Funds ownership: 62.51% → 58.15% (-4.4%)
32% less call options, than puts
Call options by funds: $68.8M | Put options by funds: $102M
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$20.7M |
| 2 |
D.E. Shaw & Co
New York
|
+$20.7M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$18.8M |
| 4 |
JIM
Jupiter Investment Management
London,
United Kingdom
|
+$15.1M |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
+$12.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AC
Aristeia Capital
Greenwich,
Connecticut
|
-$27.3M |
| 2 |
Renaissance Technologies
New York
|
-$20.6M |
| 3 |
Coatue Management
New York
|
-$11.7M |
| 4 |
Goldman Sachs
New York
|
-$6.86M |
| 5 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$5.78M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
226
Millennium Management
New York
| – | -$60K | -10,653 | Closed |
|
|
JMFC
227
J.M. Forbes & Co
Boston,
Massachusetts
| – | -$56K | -10,000 | Closed |
|
|
MPI
228
Mairs & Power Inc
St Paul,
Minnesota
| – | -$57K | -10,000 | Closed |
|
|
PCM
229
Prelude Capital Management
New York
| – | -$19K | -3,411 | Closed |
|
|
SSB
230
Sandy Spring Bank
Olney,
Maryland
| – | -$15K | -2,600 | Closed |
|
|
SCM
231
Southport Capital Management
Chattanooga,
Tennessee
| – | -$7K | -1,200 | Closed |
|
|
JFA
232
JNBA Financial Advisors
Bloomington,
Minnesota
| – | -$2K | -397 | Closed |
|
|
IR
233
Invictus RG
Hamilton,
Bermuda
| – | -$2K | -388 | Closed |
|
|
BAM
234
Bruderman Asset Management
Locust Valley,
New York
| – | -$1K | -100 | Closed |
|
|
VNA
235
Valley National Advisers
Bethlehem,
Pennsylvania
| – | +$483 | +74 | New |
|
CLF Hedge Fund Activity: Q3 2016 in Review
210 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Cleveland-Cliffs (CLF) for Q3 2016, worth a combined $768M — up 20% from $642M a quarter earlier.
Buyers outnumbered sellers: 47 funds opened new CLF positions and 26 closed out — a net gain of 21 holders — while 85 added to existing stakes and 48 trimmed.
The largest buyer was Arrowstreet Capital, adding an estimated $20.7M. The largest seller was Aristeia Capital, exiting entirely with an estimated $27.3M sold.
- 210 institutional investors held Cleveland-Cliffs (CLF) as of Q3 2016, up from 191 in Q2 2016.
- Funds reported $768M of Cleveland-Cliffs stock for Q3 2016, up 20% quarter-over-quarter.
- 47 funds opened new Cleveland-Cliffs positions in Q3 2016 and 26 closed out, a net change of +21 holders.
- The largest Cleveland-Cliffs buyer in Q3 2016 was Arrowstreet Capital, an estimated $20.7M added.
- The largest Cleveland-Cliffs seller in Q3 2016 was Aristeia Capital, an estimated $27.3M sold.
Based on aggregated 13F filings for Q3 2016.