Cleveland-Cliffs
269 hedge funds and large institutions have $1.71B invested in Cleveland-Cliffs in 2018 Q2 according to their latest regulatory filings, with 48 funds opening new positions, 77 increasing their positions, 96 reducing their positions, and 37 closing their positions.
30% more first-time investments, than exits
New positions opened: 48 | Existing positions closed: 37
26% more capital invested
Capital invested by funds: $1.36B → $1.71B (+$354M)
4% more funds holding
Funds holding: 259 → 269 (+10)
2.49% more ownership
Funds ownership: 65.62% → 68.11% (+2.5%)
13% less call options, than puts
Call options by funds: $122M | Put options by funds: $141M
20% less repeat investments, than reductions
Existing positions increased: 77 | Existing positions reduced: 96
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RL
Ruffer LLP
London,
United Kingdom
|
+$110M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$38.7M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$21.2M |
| 4 |
MCM
Masters Capital Management
Atlanta,
Georgia
|
+$15.2M |
| 5 |
ECA
Encompass Capital Advisors
New York
|
+$15.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$46.2M |
| 2 |
BA
Bridgewater Associates
Westport,
Connecticut
|
-$25.3M |
| 3 |
KL
KGH Ltd
Nassau,
Bahamas
|
-$24.5M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
-$20.6M |
| 5 |
Viking Global Investors
Stamford,
Connecticut
|
-$18.1M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
301
Federated Hermes
Pittsburgh,
Pennsylvania
| – | -$1K | -96 | Closed |
|
|
AC
302
Ashler Capital
Chicago,
Illinois
| – | +$8 | +1 | New |
|
|
GWS
303
Glassman Wealth Services
Vienna,
Virginia
| – | +$8 | +1 | +4% |
|
|
MWM
304
MinichMacGregor Wealth Management
Saratoga Springs,
New York
| – | +$796 | +100 | New |
|
CLF Hedge Fund Activity: Q2 2018 in Review
269 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Cleveland-Cliffs (CLF) for Q2 2018, worth a combined $1.71B — up 26% from $1.36B a quarter earlier.
Buyers outnumbered sellers: 48 funds opened new CLF positions and 37 closed out — a net gain of 11 holders — while 77 added to existing stakes and 96 trimmed.
The largest buyer was Ruffer LLP, opening a new position worth an estimated $110M. The largest seller was Millennium Management, cutting an estimated $46.2M.
- 269 institutional investors held Cleveland-Cliffs (CLF) as of Q2 2018, up from 259 in Q1 2018.
- Funds reported $1.71B of Cleveland-Cliffs stock for Q2 2018, up 26% quarter-over-quarter.
- 48 funds opened new Cleveland-Cliffs positions in Q2 2018 and 37 closed out, a net change of +11 holders.
- The largest Cleveland-Cliffs buyer in Q2 2018 was Ruffer LLP, an estimated $110M added.
- The largest Cleveland-Cliffs seller in Q2 2018 was Millennium Management, an estimated $46.2M sold.
Based on aggregated 13F filings for Q2 2018.