Cleveland-Cliffs
247 hedge funds and large institutions have $1.2B invested in Cleveland-Cliffs in 2017 Q2 according to their latest regulatory filings, with 39 funds opening new positions, 107 increasing their positions, 72 reducing their positions, and 63 closing their positions.
49% more repeat investments, than reductions
Existing positions increased: 107 | Existing positions reduced: 72
7.57% less ownership
Funds ownership: 66.14% → 58.57% (-7.6%)
10% less funds holding
Funds holding: 273 → 247 (-26)
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
25% less call options, than puts
Call options by funds: $76.2M | Put options by funds: $102M
26% less capital invested
Capital invested by funds: $1.61B → $1.2B (-$412M)
38% less first-time investments, than exits
New positions opened: 39 | Existing positions closed: 63
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$41.9M |
| 2 |
GAM
Goldentree Asset Management
New York
|
+$20.6M |
| 3 |
JP Morgan Chase
New York
|
+$20.2M |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
+$18.4M |
| 5 |
Voloridge Investment Management
Jupiter,
Florida
|
+$14.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$62.6M |
| 2 |
JIM
Jupiter Investment Management
London,
United Kingdom
|
-$45.1M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$20.6M |
| 4 |
Millennium Management
New York
|
-$16.3M |
| 5 |
RCIM
Russell Clark Investment Management
London,
United Kingdom
|
-$16.3M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BRWA
301
B. Riley Wealth Advisors
Boca Raton,
Florida
| – | -$92K | -11,145 | Closed |
|
|
PCM
302
Prelude Capital Management
New York
| – | -$72K | -8,800 | Closed |
|
|
SPIA
303
Steward Partners Investment Advisory
New York
| – | -$21K | -2,625 | Closed |
|
|
TRCT
304
Tower Research Capital (TRC)
New York
| – | -$13K | -1,600 | Closed |
|
305
Nisa Investment Advisors
St. Louis,
Missouri
| – | -$11K | -1,330 | Closed |
|
|
FMA
306
FNY Managed Accounts
New York
| – | -$1K | -140 | Closed |
|
|
HMS
307
Hanseatic Management Services
Albuquerque,
New Mexico
| – | -$1K | -62 | Closed |
|
308
AssetMark Inc
Concord,
California
| – | +$53 | +8 | New |
|
309
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | +$93 | +14 | New |
|
|
GBBWRPM
310
Genovese Burford & Brothers Wealth & Retirement Plan Management
Sacramento,
California
| – | +$662 | +100 | New |
|
CLF Hedge Fund Activity: Q2 2017 in Review
247 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Cleveland-Cliffs (CLF) for Q2 2017, worth a combined $1.2B — down 26% from $1.61B a quarter earlier.
Sellers outnumbered buyers: 63 funds closed out of CLF and 39 opened new positions — a net loss of 24 holders — while 72 trimmed existing stakes and 107 added.
The largest buyer was Vanguard Group, adding an estimated $41.9M. The largest seller was Lord, Abbett & Co, exiting entirely with an estimated $62.6M sold.
- 247 institutional investors held Cleveland-Cliffs (CLF) as of Q2 2017, down from 273 in Q1 2017.
- Funds reported $1.2B of Cleveland-Cliffs stock for Q2 2017, down 26% quarter-over-quarter.
- 39 funds opened new Cleveland-Cliffs positions in Q2 2017 and 63 closed out, a net change of -24 holders.
- The largest Cleveland-Cliffs buyer in Q2 2017 was Vanguard Group, an estimated $41.9M added.
- The largest Cleveland-Cliffs seller in Q2 2017 was Lord, Abbett & Co, an estimated $62.6M sold.
Based on aggregated 13F filings for Q2 2017.