Cleveland-Cliffs
322 hedge funds and large institutions have $1.92B invested in Cleveland-Cliffs in 2019 Q4 according to their latest regulatory filings, with 93 funds opening new positions, 118 increasing their positions, 72 reducing their positions, and 58 closing their positions.
64% more repeat investments, than reductions
Existing positions increased: 118 | Existing positions reduced: 72
60% more first-time investments, than exits
New positions opened: 93 | Existing positions closed: 58
20% more capital invested
Capital invested by funds: $1.6B → $1.92B (+$318M)
10% more funds holding
Funds holding: 292 → 322 (+30)
2.54% more ownership
Funds ownership: 81.91% → 84.44% (+2.5%)
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
28% less call options, than puts
Call options by funds: $92.2M | Put options by funds: $129M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$168M |
| 2 |
Morgan Stanley
New York
|
+$28.1M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$25.9M |
| 4 |
State Street
Boston,
Massachusetts
|
+$22.8M |
| 5 |
LSV Asset Management
Chicago,
Illinois
|
+$22.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RL
Ruffer LLP
London,
United Kingdom
|
-$81.1M |
| 2 |
CCM
Contrarian Capital Management
Greenwich,
Connecticut
|
-$76.2M |
| 3 |
Capital World Investors
Los Angeles,
California
|
-$31.8M |
| 4 |
BA
Bridgewater Associates
Westport,
Connecticut
|
-$29.5M |
| 5 |
Fisher Asset Management
Camas,
Washington
|
-$28.4M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FEM
376
Fulcrum Equity Management
Plano,
Texas
| – | -$2K | -253 | Closed |
|
|
TC
377
Trust Company
Manhattan,
Kansas
| – | -$1K | -150 | Closed |
|
|
GWS
378
Glassman Wealth Services
Vienna,
Virginia
| – | +$54 | +7 | New |
|
379
Fidelity International
Hamilton,
Bermuda
| – | +$184 | +24 | New |
|
CLF Hedge Fund Activity: Q4 2019 in Review
322 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Cleveland-Cliffs (CLF) for Q4 2019, worth a combined $1.92B — up 20% from $1.6B a quarter earlier.
Buyers outnumbered sellers: 93 funds opened new CLF positions and 58 closed out — a net gain of 35 holders — while 118 added to existing stakes and 72 trimmed.
The largest buyer was BlackRock, adding an estimated $168M. The largest seller was Ruffer LLP, exiting entirely with an estimated $81.1M sold.
- 322 institutional investors held Cleveland-Cliffs (CLF) as of Q4 2019, up from 292 in Q3 2019.
- Funds reported $1.92B of Cleveland-Cliffs stock for Q4 2019, up 20% quarter-over-quarter.
- 93 funds opened new Cleveland-Cliffs positions in Q4 2019 and 58 closed out, a net change of +35 holders.
- The largest Cleveland-Cliffs buyer in Q4 2019 was BlackRock, an estimated $168M added.
- The largest Cleveland-Cliffs seller in Q4 2019 was Ruffer LLP, an estimated $81.1M sold.
Based on aggregated 13F filings for Q4 2019.