Cleveland-Cliffs
249 hedge funds and large institutions have $489M invested in Cleveland-Cliffs in 2015 Q1 according to their latest regulatory filings, with 32 funds opening new positions, 91 increasing their positions, 78 reducing their positions, and 49 closing their positions.
17% more repeat investments, than reductions
Existing positions increased: 91 | Existing positions reduced: 78
7% less funds holding
Funds holding: 269 → 249 (-20)
8.86% less ownership
Funds ownership: 75.07% → 66.22% (-8.9%)
35% less first-time investments, than exits
New positions opened: 32 | Existing positions closed: 49
40% less capital invested
Capital invested by funds: $822M → $489M (-$332M)
46% less call options, than puts
Call options by funds: $86.6M | Put options by funds: $161M
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WC
Walthausen & Co
Malta,
New York
|
+$22.9M |
| 2 |
Renaissance Technologies
New York
|
+$11.1M |
| 3 |
Citigroup
New York
|
+$9.7M |
| 4 |
D.E. Shaw & Co
New York
|
+$9.22M |
| 5 |
JP Morgan Chase
New York
|
+$8.51M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital World Investors
Los Angeles,
California
|
-$73.6M |
| 2 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
-$21.7M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$19.4M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
-$10.3M |
| 5 |
SOMRS
State of Michigan Retirement System
Lansing,
Michigan
|
-$10.3M |
CLF Hedge Fund Activity: Q1 2015 in Review
249 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Cleveland-Cliffs (CLF) for Q1 2015, worth a combined $489M — down 40% from $822M a quarter earlier.
Sellers outnumbered buyers: 49 funds closed out of CLF and 32 opened new positions — a net loss of 17 holders — while 78 trimmed existing stakes and 91 added.
The largest buyer was Walthausen & Co, adding an estimated $22.9M. The largest seller was Capital World Investors, cutting an estimated $73.6M.
- 249 institutional investors held Cleveland-Cliffs (CLF) as of Q1 2015, down from 269 in Q4 2014.
- Funds reported $489M of Cleveland-Cliffs stock for Q1 2015, down 40% quarter-over-quarter.
- 32 funds opened new Cleveland-Cliffs positions in Q1 2015 and 49 closed out, a net change of -17 holders.
- The largest Cleveland-Cliffs buyer in Q1 2015 was Walthausen & Co, an estimated $22.9M added.
- The largest Cleveland-Cliffs seller in Q1 2015 was Capital World Investors, an estimated $73.6M sold.
Based on aggregated 13F filings for Q1 2015.