Cleveland-Cliffs
615 hedge funds and large institutions have $6.06B invested in Cleveland-Cliffs in 2023 Q1 according to their latest regulatory filings, with 90 funds opening new positions, 200 increasing their positions, 206 reducing their positions, and 81 closing their positions.
11% more first-time investments, than exits
New positions opened: 90 | Existing positions closed: 81
8% more funds holding in top 10
Funds holding in top 10: 13 → 14 (+1)
2% more call options, than puts
Call options by funds: $494M | Put options by funds: $486M
1% more capital invested
Capital invested by funds: $5.98B → $6.06B (+$76.8M)
1% less funds holding
Funds holding: 619 → 615 (-4)
3% less repeat investments, than reductions
Existing positions increased: 200 | Existing positions reduced: 206
2.01% less ownership
Funds ownership: 66.21% → 64.2% (-2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$46.8M |
| 2 |
BlackRock
New York
|
+$40.4M |
| 3 |
D.E. Shaw & Co
New York
|
+$40.1M |
| 4 |
Norges Bank
Oslo,
Norway
|
+$23M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$19.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$159M |
| 2 |
ECA
Encompass Capital Advisors
New York
|
-$45.5M |
| 3 |
Pacer Advisors
Malvern,
Pennsylvania
|
-$42.6M |
| 4 |
DMC
Drexel Morgan & Co
Radnor,
Pennsylvania
|
-$39.6M |
| 5 |
Goldman Sachs
New York
|
-$23.9M |
CLF Hedge Fund Activity: Q1 2023 in Review
615 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Cleveland-Cliffs (CLF) for Q1 2023, worth a combined $6.06B — up 1.3% from $5.98B a quarter earlier.
Buyers outnumbered sellers: 90 funds opened new CLF positions and 81 closed out — a net gain of 9 holders — while 200 added to existing stakes and 206 trimmed.
The largest buyer was Citadel Advisors, adding an estimated $46.8M. The largest seller was Fidelity Investments, cutting an estimated $159M.
- 615 institutional investors held Cleveland-Cliffs (CLF) as of Q1 2023, down from 619 in Q4 2022.
- Funds reported $6.06B of Cleveland-Cliffs stock for Q1 2023, up 1.3% quarter-over-quarter.
- 90 funds opened new Cleveland-Cliffs positions in Q1 2023 and 81 closed out, a net change of +9 holders.
- The largest Cleveland-Cliffs buyer in Q1 2023 was Citadel Advisors, an estimated $46.8M added.
- The largest Cleveland-Cliffs seller in Q1 2023 was Fidelity Investments, an estimated $159M sold.
Based on aggregated 13F filings for Q1 2023.