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Cleveland-Cliffs

363 hedge funds and large institutions have $2.4B invested in Cleveland-Cliffs in 2014 Q1 according to their latest regulatory filings, with 52 funds opening new positions, 125 increasing their positions, 134 reducing their positions, and 95 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding in top 10

Funds holding in top 10: 66 (0)

7% less repeat investments, than reductions

Existing positions increased: 125 | Existing positions reduced: 134

6.17% less ownership

Funds ownership: 83.14%76.97% (-6.2%)

12% less funds holding

Funds holding: 411363 (-48)

28% less capital invested

Capital invested by funds: $3.33B → $2.4B (-$925M)

45% less first-time investments, than exits

New positions opened: 52 | Existing positions closed: 95

66% less call options, than puts

Call options by funds: $255M | Put options by funds: $758M

Holders
363
Holders Change
-48
Holders Change %
-11.68%
% of All Funds
10.48%
Holding in Top 10
6
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.17%
New
52
Increased
125
Reduced
134
Closed
95
Calls
$255M
Puts
$758M
Net Calls
-$503M
Net Calls Change
-$218M
Name Holding Trade Value Shares
Change
Change in
Stake
RFC
26
Russell Frank Company
Washington
$18.4M +$8.68M +419,482 +67%
MLM
27
Mount Lucas Management
Pennsylvania
$17.5M +$17.7M +855,631 New
AC
28
Allstate Corporation
Illinois
$17.1M
SOMRS
29
State of Michigan Retirement System
Michigan
$16.5M +$13.7M +660,100 +451%
MGC
30
Merchants' Gate Capital
New York
$16.4M +$16.6M +800,000 New
NAMA
31
Nikko Asset Management Americas
New York
$14.7M -$3.11M -150,300 -17%
CS
32
Credit Suisse
Switzerland
$14.5M -$2.32M -112,144 -14%
Legal & General Group
33
Legal & General Group
United Kingdom
$14.4M +$155K +7,478 +1%
BG
34
BlackRock Group
United Kingdom
$13.9M -$336K -16,235 -2%
Invesco
35
Invesco
Georgia
$12.7M -$406K -19,631 -3%
HCM
36
Hodges Capital Management
Texas
$12.5M +$1.14M +55,115 +10%
Neuberger Berman Group
37
Neuberger Berman Group
New York
$10.7M +$3.7M +178,889 +52%
Charles Schwab
38
Charles Schwab
California
$10.5M +$706K +34,095 +7%
Prudential Financial
39
Prudential Financial
New Jersey
$10.4M -$4.33M -209,150 -29%
BL
40
Bolton LP
Connecticut
$10.3M +$7.77M +375,300 +289%
RA
41
Royce & Associates
New York
$10.3M +$10.4M +503,900 New
ALA
42
Atherton Lane Advisers
California
$9.87M +$1.05M +50,865 +12%
Allianz Asset Management
43
Allianz Asset Management
Germany
$9.78M -$1.58M -76,412 -14%
HC
44
Hourglass Capital
Texas
$9.77M +$1.2M +57,936 +14%
Millennium Management
45
Millennium Management
New York
$9.7M +$6.54M +315,977 +200%
SG Americas Securities
46
SG Americas Securities
New York
$9.54M +$1.86M +89,990 +24%
PP
47
PDT Partners
New York
$9.54M +$9.65M +466,041 New
BGIM
48
Brandywine Global Investment Management
Pennsylvania
$9.4M +$6.5M +313,977 +216%
Citigroup
49
Citigroup
New York
$9.24M -$7.4M -357,367 -44%
New York State Common Retirement Fund
50
New York State Common Retirement Fund
New York
$8.76M -$4.56M -220,300 -34%

CLF Hedge Fund Activity: Q1 2014 in Review

363 of the 3,463 institutional investors tracked by Wall St. Rank reported a position in Cleveland-Cliffs (CLF) for Q1 2014, worth a combined $2.4B — down 28% from $3.33B a quarter earlier.

Sellers outnumbered buyers: 95 funds closed out of CLF and 52 opened new positions — a net loss of 43 holders — while 134 trimmed existing stakes and 125 added.

The largest buyer was Levin Capital Strategies, adding an estimated $36.6M. The largest seller was AJO LP, cutting an estimated $88.9M.

  • 363 institutional investors held Cleveland-Cliffs (CLF) as of Q1 2014, down from 411 in Q4 2013.
  • Funds reported $2.4B of Cleveland-Cliffs stock for Q1 2014, down 28% quarter-over-quarter.
  • 52 funds opened new Cleveland-Cliffs positions in Q1 2014 and 95 closed out, a net change of -43 holders.
  • The largest Cleveland-Cliffs buyer in Q1 2014 was Levin Capital Strategies, an estimated $36.6M added.
  • The largest Cleveland-Cliffs seller in Q1 2014 was AJO LP, an estimated $88.9M sold.

Based on aggregated 13F filings for Q1 2014.