Cleveland-Cliffs
278 hedge funds and large institutions have $1.66B invested in Cleveland-Cliffs in 2018 Q4 according to their latest regulatory filings, with 57 funds opening new positions, 93 increasing their positions, 84 reducing their positions, and 59 closing their positions.
11% more repeat investments, than reductions
Existing positions increased: 93 | Existing positions reduced: 84
2.22% more ownership
Funds ownership: 70.13% → 72.35% (+2.2%)
1% less funds holding
Funds holding: 280 → 278 (-2)
3% less first-time investments, than exits
New positions opened: 57 | Existing positions closed: 59
23% less call options, than puts
Call options by funds: $88.1M | Put options by funds: $115M
30% less funds holding in top 10
Funds holding in top 10: 10 → 7 (-3)
37% less capital invested
Capital invested by funds: $2.65B → $1.66B (-$988M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RL
Ruffer LLP
London,
United Kingdom
|
+$36.7M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$31.4M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$30.1M |
| 4 |
BA
Bridgewater Associates
Westport,
Connecticut
|
+$28.5M |
| 5 |
Fisher Asset Management
Camas,
Washington
|
+$23.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KL
KGH Ltd
Nassau,
Bahamas
|
-$33.4M |
| 2 |
Millennium Management
New York
|
-$29.9M |
| 3 |
KSCM
Key Square Capital Management
Stamford,
Connecticut
|
-$26.4M |
| 4 |
HT
HAP Trading
New York
|
-$23.1M |
| 5 |
D.E. Shaw & Co
New York
|
-$22.3M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MAM
326
Meeder Asset Management
Dublin,
Ohio
| – | -$10K | -768 | Closed |
|
|
JCM
327
Jacobi Capital Management
Pittston,
Pennsylvania
| – | -$9K | -750 | Closed |
|
|
S
328
SignatureFD
Atlanta,
Georgia
| – | -$6K | -439 | Closed |
|
|
WF
329
WealthTrust Fairport
Cleveland,
Ohio
| – | -$2K | -160 | Closed |
|
|
TC
330
Trilogy Capital
Irvine,
California
| – | -$2K | -120 | Closed |
|
|
MWM
331
MinichMacGregor Wealth Management
Saratoga Springs,
New York
| – | -$1K | -100 | Closed |
|
|
VFA
332
Valeo Financial Advisors
Carmel,
Indiana
| – | -$1K | -84 | Closed |
|
333
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| – | -$1K | -75 | Closed |
|
|
GWS
334
Glassman Wealth Services
Vienna,
Virginia
| – | +$300 | +30 | +103% |
|
CLF Hedge Fund Activity: Q4 2018 in Review
278 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Cleveland-Cliffs (CLF) for Q4 2018, worth a combined $1.66B — down 37% from $2.65B a quarter earlier.
Sellers outnumbered buyers: 59 funds closed out of CLF and 57 opened new positions — a net loss of 2 holders — while 84 trimmed existing stakes and 93 added.
The largest buyer was Ruffer LLP, adding an estimated $36.7M. The largest seller was KGH Ltd, exiting entirely with an estimated $33.4M sold.
- 278 institutional investors held Cleveland-Cliffs (CLF) as of Q4 2018, down from 280 in Q3 2018.
- Funds reported $1.66B of Cleveland-Cliffs stock for Q4 2018, down 37% quarter-over-quarter.
- 57 funds opened new Cleveland-Cliffs positions in Q4 2018 and 59 closed out, a net change of -2 holders.
- The largest Cleveland-Cliffs buyer in Q4 2018 was Ruffer LLP, an estimated $36.7M added.
- The largest Cleveland-Cliffs seller in Q4 2018 was KGH Ltd, an estimated $33.4M sold.
Based on aggregated 13F filings for Q4 2018.