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Cleveland-Cliffs Inc.

CLF
Exchange
NYSE
Industry
Metal Mining
SEC CIK
0000764065

No open-market purchases or sales by Cleveland-Cliffs Inc. insiders were filed in the last 90 days; 585 institutions reported holding it in 13F filings for Q2 2026, worth $4.46B in total; superinvestors Fairfax Financial and Duquesne Family Office hold it.

13F holders, Q4 2025

Institutional positions in Cleveland-Cliffs Inc. as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
575
+19 vs. Q3 2025
Shares held
458.7M
+76.7M (+20.1%) vs. Q3 2025
Total value
$6.09B
+$1.43B (+30.7%) vs. Q3 2025
New holders
90
210 more added
Sold out
71
168 more reduced

9 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q3 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting CLF on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ4 2025: 575 institutions
Q1 2021: 397 institutionsQ2 2021: 471 institutionsQ3 2021: 510 institutionsQ4 2021: 577 institutionsQ1 2022: 649 institutionsQ2 2022: 607 institutionsQ3 2022: 595 institutionsQ4 2022: 619 institutionsQ1 2023: 616 institutionsQ2 2023: 578 institutionsQ3 2023: 607 institutionsQ4 2023: 626 institutionsQ1 2024: 636 institutionsQ2 2024: 615 institutionsQ3 2024: 568 institutionsQ4 2024: 574 institutionsQ1 2025: 567 institutionsQ2 2025: 560 institutionsQ3 2025: 565 institutionsQ4 2025: 575 institutionsQ1 2026: 570 institutionsQ2 2026: 585 institutions
Value heldQ4 2025: $6.09B
Q1 2021: $6.58BQ2 2021: $7.56BQ3 2021: $6.03BQ4 2021: $6.45BQ1 2022: $10.2BQ2 2022: $4.91BQ3 2022: $4.57BQ4 2022: $5.50BQ1 2023: $6.07BQ2 2023: $5.30BQ3 2023: $5.23BQ4 2023: $6.84BQ1 2024: $7.39BQ2 2024: $5.20BQ3 2024: $4.38BQ4 2024: $3.37BQ1 2025: $2.99BQ2 2025: $2.89BQ3 2025: $4.68BQ4 2025: $6.09BQ1 2026: $3.96BQ2 2026: $4.46B
Institutions holding CLF and their total value by quarter
QuarterHoldersValue
Q2 2026585$4.46B
Q1 2026570$3.96B
Q4 2025575$6.09B
Q3 2025565$4.68B
Q2 2025560$2.89B
Q1 2025567$2.99B
Q4 2024574$3.37B
Q3 2024568$4.38B
Q2 2024615$5.20B
Q1 2024636$7.39B
Q4 2023626$6.84B
Q3 2023607$5.23B
Q2 2023578$5.30B
Q1 2023616$6.07B
Q4 2022619$5.50B
Q3 2022595$4.57B
Q2 2022607$4.91B
Q1 2022649$10.2B
Q4 2021577$6.45B
Q3 2021510$6.03B
Q2 2021471$7.56B
Q1 2021397$6.58B

Institutions, Q4 2025

Shares, value and share of portfolio for each institution holding Cleveland-Cliffs Inc.; share changes are against Q3 2025.

Institutions holding CLF in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Advisory Services Network, LLC13,494$179.2K0.00%−5,440−28.7%Reduced
Mairs & Power Inc13,500$179.3K0.00%00.0%Unchanged
MidWestOne Financial Group, Inc.13,771$182.9K0.02%00.0%Unchanged
Chesapeake Capital Corp13,937$185.1K0.15%00.0%Unchanged
United Advisor Group, LLC13,952$185.3K0.02%+3,622+35.1%Added
Everstar Asset Management, LLC14,000$185.9K0.10%+14,000New
Federation des caisses Desjardins du Quebec14,050$186.5K0.00%00.0%Unchanged
Flagship Harbor Advisors, LLC14,300$189.9K0.01%−4,190−22.7%Reduced
Change Path, LLC14,385$191.0K0.00%−8,452−37.0%Reduced
Tower Research Capital LLC (TRC)14,487$192.4K0.00%−9,814−40.4%Reduced
Capstone Investment Advisors, LLC14,603$193.9K0.00%+14,603New
Marathon Capital Management15,000$199.2K0.04%00.0%Unchanged
Beese Fulmer Investment Management, Inc.15,030$199.6K0.01%+15,030New
PharVision Advisers, LLC15,227$202.2K0.10%+15,227New
Venture Visionary Partners LLC15,350$203.8K0.01%+333+2.2%Added
Snowden Capital Advisors LLC15,463$205.3K0.01%+144+0.9%Added
Cypress Wealth Services, LLC15,487$205.7K0.03%00.0%Unchanged
Brookstone Capital Management15,519$206.1K0.00%+1,789+13.0%Added
Forum Financial Management, LP15,545$206.4K0.00%+25+0.2%Added
Bailard, Inc.16,199$215.1K0.00%−49,203−75.2%Reduced
Alan B. Lancz & Associates, Inc.16,400$217.8K0.19%00.0%Unchanged
Clear Harbor Asset Management, LLC17,000$225.8K0.02%+4,350+34.4%Added
North Dakota State Investment Board17,254$229.1K0.01%+17,254New
Omers Administration Corp17,607$233.8K0.00%00.0%Unchanged
Weiss Asset Management LP17,663$234.6K0.00%+17,663New
KBC Group NV17,686$235.0K0.00%+3,557+25.2%Added
CIBC World Markets Inc.17,886$237.5K0.00%00.0%Unchanged
Summit Financial, LLC17,888$237.6K0.00%+2,339+15.0%Added
Shelton Capital Management17,908$237.8K0.00%00.0%Unchanged
Cidel Asset Management Inc18,185$241.5K0.02%+1,037+6.0%Added
Infinity Wealth Counsel, LLC18,253$242.4K0.22%00.0%Unchanged
Carnegie Capital Asset Management, LLC18,435$244.8K0.00%−12,714−40.8%Reduced
SeaCrest Wealth Management, LLC20,365$245.2K0.02%00.0%Unchanged
Teacher Retirement System of Texas18,850$250.3K0.00%−45,936−70.9%Reduced
Farringdon Capital, Ltd.19,101$253.7K0.06%−20,399−51.6%Reduced
CIBC Asset Management Inc19,419$257.9K0.00%+3,015+18.4%Added
Blueshift Asset Management, LLC20,167$267.8K0.08%+20,167New
Wealthcare Advisory Partners LLC20,990$278.7K0.01%−860−3.9%Reduced
Northwest Bancshares, Inc.21,610$287.0K0.06%−57,142−72.6%Reduced
Graham Capital Management, L.P.22,119$293.7K0.01%+22,119New
Heritage Investors Management Corp22,117$294.0K0.01%−445−2.0%Reduced
Oakum Bay Capital LLC22,214$295.0K0.15%+22,214New
Independent Financial Group, LLC22,747$302.1K0.01%−200−0.9%Reduced
ProShare Advisors LLC22,847$303.4K0.00%+1,805+8.6%Added
PCA Investment Advisory Services Inc.22,859$303.6K0.11%+30.0%Added
Fortis Group Advisors, LLC22,159$304.9K0.05%00.0%Unchanged
Sequoia Financial Advisors, LLC23,158$307.5K0.00%−15,263−39.7%Reduced
Fieldview Capital Management, LLC23,247$308.7K0.05%+23,247New
Golden State Wealth Management, LLC23,653$314.1K0.03%−11,960−33.6%Reduced
MAI Capital Management23,869$317.0K0.00%+415+1.8%Added
Skopos Labs, Inc.23,992$323.6K0.01%+23,992New
CI Private Wealth, LLC24,378$323.7K0.00%+6,176+33.9%Added
Capital Investment Advisory Services, LLC24,612$326.8K0.02%−250−1.0%Reduced
James Investment Research Inc24,731$328.4K0.04%00.0%Unchanged
US Bancorp24,994$331.9K0.00%+500+2.0%Added
Supplemental Annuity Collective Trust of NJ25,000$332.0K0.09%00.0%Unchanged
Custom Index Systems, LLC25,000$332.0K0.15%00.0%Unchanged
Capital Asset Advisory Services LLC25,193$334.3K0.01%−228−0.9%Reduced
Axxcess Wealth Management, LLC25,193$334.6K0.01%−228−0.9%Reduced
Leonteq Securities AG25,294$335.9K0.02%+7,534+42.4%Added
Community Bank of Raymore25,735$341.8K0.23%00.0%Unchanged
Hantz Financial Services, Inc.25,754$342.0K0.01%+7,538+41.4%Added
TT Capital Management LLC25,825$343.0K0.27%−300−1.1%Reduced
Regal Investment Advisors LLC26,420$350.9K0.02%+2,243+9.3%Added
MML Investors Services, LLC26,613$353.4K0.00%+178+0.7%Added
Gsa Capital Partners LLP26,691$354.0K0.03%+26,691New
Clear Creek Financial Management, LLC26,780$355.6K0.03%+300+1.1%Added
Whitcomb & Hess, Inc.26,752$357.4K0.08%+973+3.8%Added
TB Alternative Assets Ltd.27,358$363.3K0.06%00.0%Unchanged
Swiss Life Asset Management Ltd27,380$363.6K0.00%+5,288+23.9%Added
Maryland State Retirement & Pension System27,541$365.7K0.01%00.0%Unchanged
Integrated Investment Consultants, LLC27,874$370.2K0.07%00.0%Unchanged
Gabelli Funds LLC28,000$371.8K0.00%00.0%Unchanged
Harbour Investments, Inc.28,455$377.9K0.01%+250+0.9%Added
Marnell Management LLC28,513$378.7K0.29%+28,513New
Equitable Holdings, Inc.28,700$381.1K0.00%−1,521−5.0%Reduced
Campbell & CO Investment Adviser LLC28,808$382.6K0.02%+28,808New
Stephens Inc29,108$386.6K0.00%+675+2.4%Added
Virtu Financial LLC29,158$387.0K0.01%+29,158New
Crossmark Global Holdings, Inc.29,241$388.3K0.01%+699+2.4%Added
Panagora Asset Management Inc29,458$391.2K0.00%−612−2.0%Reduced
Advisor Resource Council28,250$391.3K0.14%+28,250New
Utah Retirement Systems29,725$394.7K0.00%+4,525+18.0%Added
Moors & Cabot, Inc.30,813$409.2K0.02%−2,305−7.0%Reduced
CWM, LLC30,881$410.0K0.00%−282−0.9%Reduced
Silver Oak Securities, Inc31,463$421.9K0.03%+10.0%Added
Mirabella Financial Services LLP32,388$430.1K0.04%+11,883+58.0%Added
Ensign Peak Advisors, Inc32,575$432.6K0.00%−56,650−63.5%Reduced
Marex Group plc33,337$442.7K0.00%+17,432+109.6%Added
Sterling Capital Management LLC33,901$450.2K0.01%+2,895+9.3%Added
One River Asset Management, LLC33,948$450.8K0.40%+33,948New
Prudential Financial Inc34,077$457.0K0.00%−15,058−30.6%Reduced
Golden State Equity Partners34,875$463.1K0.07%−10,000−22.3%Reduced
Advisors Asset Management, Inc.35,274$468.4K0.01%−263−0.7%Reduced
Boothbay Fund Management, LLC36,345$482.7K0.01%+4,520+14.2%Added
Sterneck Capital Management, LLC36,908$490.1K0.22%00.0%Unchanged
PFG Investments, LLC36,955$490.8K0.02%+3,130+9.3%Added
Guggenheim Capital LLC36,978$491.1K0.00%−20,273−35.4%Reduced
State of Wyoming37,140$493.2K0.05%+8,545+29.9%Added
Inceptionr LLC37,425$497.0K0.14%+6,699+21.8%Added