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.
0% more funds holding in top 10
Funds holding in top 10: 6 → 6 (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: 411 → 363 (-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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCS
Levin Capital Strategies
New York
|
+$36.6M |
| 2 |
CC
Casablanca Capital
New York
|
+$33.5M |
| 3 |
UOC
UBS O'Connor
Chicago,
Illinois
|
+$20.4M |
| 4 |
MLM
Mount Lucas Management
Newtown,
Pennsylvania
|
+$17.7M |
| 5 |
MGC
Merchants' Gate Capital
New York
|
+$16.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
-$88.9M |
| 2 |
TCIM
TIAA CREF Investment Management
New York
|
-$66.6M |
| 3 |
BRC
Blue Ridge Capital
New York
|
-$37.7M |
| 4 |
Bank of New York Mellon
New York
|
-$36M |
| 5 |
Capital World Investors
Los Angeles,
California
|
-$35.3M |
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.