Clearwater Paper
CLW
124 hedge funds and large institutions have $237M invested in Clearwater Paper in 2025 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 49 increasing their positions, 46 reducing their positions, and 30 closing their positions.
664% more call options, than puts
Call options by funds: $6.45M | Put options by funds: $844K
2.57% more ownership
Funds ownership: 82.43% → 85% (+2.6%)
7% more repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 46
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
14% less funds holding
Funds holding: 144 → 124 (-20)
14% less capital invested
Capital invested by funds: $276M → $237M (-$38.3M)
57% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 30
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SAM
Southeastern Asset Management
Memphis,
Tennessee
|
+$8.17M |
| 2 |
Millennium Management
New York
|
+$4.08M |
| 3 |
ICM
Invenomic Capital Management
Boston,
Massachusetts
|
+$3.13M |
| 4 |
Charles Schwab
San Francisco,
California
|
+$2.56M |
| 5 |
Renaissance Technologies
New York
|
+$2.11M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$4.88M |
| 2 |
CM
CastleKnight Management
New York
|
-$4.15M |
| 3 |
First Eagle Investment Management
New York
|
-$2.29M |
| 4 |
D.E. Shaw & Co
New York
|
-$1.87M |
| 5 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
-$1.78M |
CLW Hedge Fund Activity: Q4 2025 in Review
124 of the 8,266 institutional investors tracked by Wall St. Rank reported a position in Clearwater Paper (CLW) for Q4 2025, worth a combined $237M — down 14% from $276M a quarter earlier.
Sellers outnumbered buyers: 30 funds closed out of CLW and 13 opened new positions — a net loss of 17 holders — while 46 trimmed existing stakes and 49 added.
The largest buyer was Southeastern Asset Management, adding an estimated $8.17M. The largest seller was BlackRock, cutting an estimated $4.88M.
- 124 institutional investors held Clearwater Paper (CLW) as of Q4 2025, down from 144 in Q3 2025.
- Funds reported $237M of Clearwater Paper stock for Q4 2025, down 14% quarter-over-quarter.
- 13 funds opened new Clearwater Paper positions in Q4 2025 and 30 closed out, a net change of -17 holders.
- The largest Clearwater Paper buyer in Q4 2025 was Southeastern Asset Management, an estimated $8.17M added.
- The largest Clearwater Paper seller in Q4 2025 was BlackRock, an estimated $4.88M sold.
Based on aggregated 13F filings for Q4 2025.