Cleveland-Cliffs
570 hedge funds and large institutions have $3.96B invested in Cleveland-Cliffs in 2026 Q1 according to their latest regulatory filings, with 94 funds opening new positions, 196 increasing their positions, 169 reducing their positions, and 90 closing their positions.
62% more call options, than puts
Call options by funds: $225M | Put options by funds: $139M
16% more repeat investments, than reductions
Existing positions increased: 196 | Existing positions reduced: 169
4% more first-time investments, than exits
New positions opened: 94 | Existing positions closed: 90
1% less funds holding
Funds holding: 573 → 570 (-3)
10.52% less ownership
Funds ownership: 92.69% → 82.17% (-11%)
20% less funds holding in top 10
Funds holding in top 10: 10 → 8 (-2)
35% less capital invested
Capital invested by funds: $6.09B → $3.96B (-$2.13B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State Street
Boston,
Massachusetts
|
+$115M |
| 2 |
Two Sigma Investments
New York
|
+$104M |
| 3 |
MRCP
Maple Rock Capital Partners
Toronto,
Ontario, Canada
|
+$96M |
| 4 |
BlackRock
New York
|
+$61.3M |
| 5 |
KPM
Kinetic Partners Management
Miami,
Florida
|
+$60M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CHP
Castle Hook Partners
New York
|
-$240M |
| 2 |
Jane Street
New York
|
-$97.4M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
-$76M |
| 4 |
MIM
Merewether Investment Management
Dallas,
Texas
|
-$41.1M |
| 5 |
BNP Paribas Financial Markets
Paris,
France
|
-$40.1M |
CLF Hedge Fund Activity: Q1 2026 in Review
570 of the 8,190 institutional investors tracked by Wall St. Rank reported a position in Cleveland-Cliffs (CLF) for Q1 2026, worth a combined $3.96B — down 35% from $6.09B a quarter earlier.
Buyers outnumbered sellers: 94 funds opened new CLF positions and 90 closed out — a net gain of 4 holders — while 196 added to existing stakes and 169 trimmed.
The largest buyer was State Street, adding an estimated $115M. The largest seller was Castle Hook Partners, exiting entirely with an estimated $240M sold.
- 570 institutional investors held Cleveland-Cliffs (CLF) as of Q1 2026, down from 573 in Q4 2025.
- Funds reported $3.96B of Cleveland-Cliffs stock for Q1 2026, down 35% quarter-over-quarter.
- 94 funds opened new Cleveland-Cliffs positions in Q1 2026 and 90 closed out, a net change of +4 holders.
- The largest Cleveland-Cliffs buyer in Q1 2026 was State Street, an estimated $115M added.
- The largest Cleveland-Cliffs seller in Q1 2026 was Castle Hook Partners, an estimated $240M sold.
Based on aggregated 13F filings for Q1 2026.