Cleveland-Cliffs
578 hedge funds and large institutions have $5.3B invested in Cleveland-Cliffs in 2023 Q2 according to their latest regulatory filings, with 65 funds opening new positions, 194 increasing their positions, 206 reducing their positions, and 97 closing their positions.
16% more call options, than puts
Call options by funds: $438M | Put options by funds: $377M
6% less repeat investments, than reductions
Existing positions increased: 194 | Existing positions reduced: 206
2.99% less ownership
Funds ownership: 64.2% → 61.21% (-3%)
6% less funds holding
Funds holding: 614 → 578 (-36)
13% less capital invested
Capital invested by funds: $6.07B → $5.3B (-$773M)
33% less first-time investments, than exits
New positions opened: 65 | Existing positions closed: 97
36% less funds holding in top 10
Funds holding in top 10: 14 → 9 (-5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ECA
Encompass Capital Advisors
New York
|
+$46.6M |
| 2 |
PCM
Patient Capital Management
Baltimore,
Maryland
|
+$27.5M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$21.3M |
| 4 |
TC
TwinBeech Capital
Purchase,
New York
|
+$18M |
| 5 |
Victory Capital Management
San Antonio,
Texas
|
+$17.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$105M |
| 2 |
BlackRock
New York
|
-$98.4M |
| 3 |
First Trust Advisors
Wheaton,
Illinois
|
-$50M |
| 4 |
D.E. Shaw & Co
New York
|
-$28.4M |
| 5 |
MVP
Miller Value Partners
Sarasota,
Florida
|
-$27.9M |
CLF Hedge Fund Activity: Q2 2023 in Review
578 of the 6,383 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 $6.07B a quarter earlier.
Sellers outnumbered buyers: 97 funds closed out of CLF and 65 opened new positions — a net loss of 32 holders — while 206 trimmed existing stakes and 194 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 614 in Q1 2023.
- Funds reported $5.3B of Cleveland-Cliffs stock for Q2 2023, down 13% quarter-over-quarter.
- 65 funds opened new Cleveland-Cliffs positions in Q2 2023 and 97 closed out, a net change of -32 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.