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Cleveland-Cliffs
CLF

578 hedge funds and large institutions have $5.3B invested in Cleveland-Cliffs in 2023 Q2 according to their latest regulatory filings, with 64 funds opening new positions, 195 increasing their positions, 206 reducing their positions, and 97 closing their positions.

New
Increased
Maintained
Reduced
Closed

16% more call options, than puts

Call options by funds: $438M | Put options by funds: $377M

5% less repeat investments, than reductions

Existing positions increased: 195 | Existing positions reduced: 206

2.99% less ownership

Funds ownership: 64.2% → 61.21% (-3%)

6% less funds holding

Funds holding: 615 → 578 (-37)

13% less capital invested

Capital invested by funds: $6.06B → $5.3B (-$762M)

34% less first-time investments, than exits

New positions opened: 64 | Existing positions closed: 97

36% less funds holding in top 10

Funds holding in top 10: 14 → 9 (-5)

Holders
578
Holders Change
-37
Holders Change %
-6.02%
% of All Funds
9.08%
Holding in Top 10
9
Holding in Top 10 Change
-5
Holding in Top 10 Change %
-35.71%
% of All Funds
0.14%
New
64
Increased
195
Reduced
206
Closed
97
Calls
$438M
Puts
$377M
Net Calls
+$60.6M
Net Calls Change
+$52.3M

Top Buyers

1
ECA
Encompass Capital Advisors
New York
+$46.6M
2
PCM
Patient Capital Management
Maryland
+$27.5M
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$21.3M
4
TC
TwinBeech Capital
New York
+$18M
5
Victory Capital Management
Victory Capital Management
Texas
+$17.3M

Top Sellers

1
Fidelity Investments
Fidelity Investments
Massachusetts
-$105M
2
BlackRock
BlackRock
New York
-$98.4M
3
First Trust Advisors
First Trust Advisors
Illinois
-$50M
4
D.E. Shaw & Co
D.E. Shaw & Co
New York
-$28.4M
5
MVP
Miller Value Partners
Florida
-$27.9M
Name Holding Trade Value Shares
Change 		Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$852M -$6.77M -426,902 -0.8%
BlackRock
2
BlackRock
New York
$842M -$98.4M -6,203,372 -11%
State Street
3
State Street
Massachusetts
$365M -$13.4M -843,040 -4%
Fisher Asset Management
4
Fisher Asset Management
Washington
$134M +$38.8K +2,447 +0%
Geode Capital Management
5
Geode Capital Management
Massachusetts
$128M +$2.96M +186,299 +2%
Dimensional Fund Advisors
6
Dimensional Fund Advisors
Texas
$121M +$1.73M +109,059 +2%
Fidelity Investments
7
Fidelity Investments
Massachusetts
$114M -$105M -6,604,105 -49%
Morgan Stanley
8
Morgan Stanley
New York
$106M +$1.46M +91,962 +1%
Bank of New York Mellon
9
Bank of New York Mellon
New York
$90.3M -$3.49M -219,843 -4%
Norges Bank
10
Norges Bank
Norway
$82.8M +$10.1M +634,534 +15%
SSM
11
Sound Shore Management
Connecticut
$70.3M +$5.71M +359,754 +9%
Northern Trust
12
Northern Trust
Illinois
$69.5M -$4.46M -281,295 -6%
Neuberger Berman Group
13
Neuberger Berman Group
New York
$67.9M -$94.8K -5,977 -0.1%
Pacer Advisors
14
Pacer Advisors
Pennsylvania
$67.6M -$2.57M -162,206 -4%
Deutsche Bank
15
Deutsche Bank
Germany
$63.1M -$2.54M -159,954 -4%
Susquehanna International Group
16
Susquehanna International Group
Pennsylvania
$61.8M +$21.3M +1,343,188 +57%
D.E. Shaw & Co
17
D.E. Shaw & Co
New York
$55.5M -$28.4M -1,792,322 -35%
Charles Schwab
18
Charles Schwab
California
$55.4M +$1.61M +101,596 +3%
Millennium Management
19
Millennium Management
New York
$50.6M +$6.56M +413,310 +16%
DMC
20
Drexel Morgan & Co
Pennsylvania
$50.2M -$56.6K -3,570 -0.1%
ECA
21
Encompass Capital Advisors
New York
$49.2M +$46.6M +2,937,511 New
HCM
22
Hodges Capital Management
Texas
$48M +$12.4M +779,800 +60%
Mirae Asset Global Investments
23
Mirae Asset Global Investments
South Korea
$41.9M +$3.26M +205,275 +9%
Holocene Advisors
24
Holocene Advisors
New York
$33.9M +$9.29M +585,652 +41%
MCM
25
Masters Capital Management
Georgia
$33.5M – – –
1
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CLF Hedge Fund Activity: Q2 2023 in Review

578 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Cleveland-Cliffs (CLF) for Q2 2023, worth a combined $5.3B — down 13% from $6.06B a quarter earlier.

Sellers outnumbered buyers: 97 funds closed out of CLF and 64 opened new positions — a net loss of 33 holders — while 206 trimmed existing stakes and 195 added.

The largest buyer was Encompass Capital Advisors, opening a new position worth an estimated $46.6M. The largest seller was Fidelity Investments, cutting an estimated $105M.

  • 578 institutional investors held Cleveland-Cliffs (CLF) as of Q2 2023, down from 615 in Q1 2023.
  • Funds reported $5.3B of Cleveland-Cliffs stock for Q2 2023, down 13% quarter-over-quarter.
  • 64 funds opened new Cleveland-Cliffs positions in Q2 2023 and 97 closed out, a net change of -33 holders.
  • The largest Cleveland-Cliffs buyer in Q2 2023 was Encompass Capital Advisors, an estimated $46.6M added.
  • The largest Cleveland-Cliffs seller in Q2 2023 was Fidelity Investments, an estimated $105M sold.

Based on aggregated 13F filings for Q2 2023.