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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
M&T Bank Corp37,666$500.4K0.00%+493+1.3%Added
Counterpoint Mutual Funds LLC38,226$507.6K0.04%+38,226New
XTX Topco Ltd38,664$513.5K0.01%+38,664New
Capital Fund Management S.A.38,843$515.8K0.00%+38,843New
Federated Hermes, Inc.39,055$518.6K0.00%−923−2.3%Reduced
Stratos Wealth Partners, LTD.39,111$519.4K0.01%−5,229−11.8%Reduced
Dorsey & Whitney Trust CO LLC39,671$526.8K0.03%+440+1.1%Added
AE Wealth Management LLC40,299$535.2K0.00%+2,647+7.0%Added
Machina Capital S.A.S.40,740$541.0K0.10%+2,600+6.8%Added
Prelude Capital Management, LLC40,960$543.9K0.04%−3,180−7.2%Reduced
Legacy Financial Advisors, Inc.41,095$545.7K0.08%−110−0.3%Reduced
K2 Principal Fund, L.P.41,300$548.5K0.06%+21,300+106.5%Added
Securian Asset Management, Inc41,519$551.4K0.02%+4,501+12.2%Added
Kerntke Otto McGlone Wealth Management Group41,977$557.5K0.39%−894−2.1%Reduced
Landing Point Financial Group, LLC42,460$563.9K0.28%−525−1.2%Reduced
Accredited Investors Inc.42,924$570.0K0.03%−50.0%Reduced
Baird Financial Group, Inc.43,014$571.2K0.00%+6,014+16.3%Added
Pinnacle Wealth Planning Services, Inc.43,494$577.6K0.06%−1,905−4.2%Reduced
Toroso Investments, LLC43,565$578.5K0.00%+21,649+98.8%Added
Farther Finance Advisors, LLC43,612$579.2K0.01%+14,288+48.7%Added
Birmingham Capital Management Co Inc44,875$595.9K0.26%00.0%Unchanged
Collaborative Wealth Managment Inc.44,905$596.3K0.21%+30+0.1%Added
Bridgewater Associates, LP45,444$603.5K0.00%−54,933−54.7%Reduced
Quest Partners LLC45,886$609.4K0.03%−5,581−10.8%Reduced
McMahon Financial Advisors, LLC46,061$611.7K0.13%−1,472−3.1%Reduced
Northwestern Mutual Wealth Management Co46,519$617.8K0.00%−6,870−12.9%Reduced
4WEALTH Advisors, Inc.46,583$618.6K0.54%−30,251−39.4%Reduced
Entropy Technologies, LP47,264$627.7K0.03%−16,273−25.6%Reduced
PEAK6 LLC48,652$646.1K0.02%+48,652New
National Bank of Canada49,557$657.6K0.00%+18,453+59.3%Added
Captrust Financial Advisors49,614$658.9K0.00%+12,081+32.2%Added
United Capital Financial Advisers, LLC53,477$710.2K0.00%+53,477New
Oceanic Investment Management LTD53,483$710.3K0.74%+53,483New
Apollon Wealth Management, LLC54,333$721.5K0.01%−12,222−18.4%Reduced
Public Employees Retirement Association of Colorado55,377$735.0K0.00%00.0%Unchanged
Redmond Asset Management, LLC56,548$751.0K0.19%−82−0.1%Reduced
State of Alaska, Department of Revenue56,599$751.0K0.01%+3,245+6.1%Added
Summit Trail Advisors, LLC57,536$764.1K0.01%+8,605+17.6%Added
Xponance, Inc.57,888$768.8K0.01%−2,669−4.4%Reduced
DekaBank Deutsche Girozentrale40,408$769.0K0.00%00.0%Unchanged
Limestone Investment Advisors LP–$783.1K0.53%––
Register Financial Advisors LLC59,425$789.2K0.31%+26,700+81.6%Added
Cullen Investment Group, Ltd.62,069$792.0K0.10%+9,000+17.0%Added
Cloverfields Capital Group, LP60,115$798.3K0.25%+187+0.3%Added
Tweedy, Browne Co LLC60,627$805.1K0.07%+8,640+16.6%Added
Exchange Traded Concepts, LLC60,627$805.1K0.01%+8,640+16.6%Added
CoreCap Advisors, LLC61,519$817.0K0.03%+34,897+131.1%Added
Fruth Investment Management61,725$819.0K0.22%−1,000−1.6%Reduced
Unison Advisors LLC61,700$819.4K0.07%00.0%Unchanged
Aristeia Capital LLC64,921$862.2K0.02%+26,449+68.7%Added
Natixis Advisors, L.P.65,491$870.0K0.00%+3,319+5.3%Added
Jones Financial Companies LLLP66,871$888.0K0.00%+34,842+108.8%Added
Beech Hill Advisors, Inc.68,500$909.7K0.44%−12,500−15.4%Reduced
Numerai GP LLC68,526$910.0K0.11%+68,526New
Squarepoint Ops LLC69,653$925.0K0.00%+69,653New
Kovitz Investment Group Partners, LLC70,000$929.6K0.02%−79,911−53.3%Reduced
Hunter Associates Investment Management LLC70,460$936.0K0.13%00.0%Unchanged
Kestra Advisory Services, LLC72,958$968.9K0.00%−2,156−2.9%Reduced
180 Wealth Advisors, LLC73,989$982.6K0.11%−10,402−12.3%Reduced
HighTower Advisors, LLC74,699$992.0K0.00%−3,967−5.0%Reduced
Clearstead Advisors, LLC74,875$994.3K0.01%−14,729−16.4%Reduced
Friedenthal Financial76,752$1.02M0.53%+76,752New
Wealth Enhancement Advisory Services, LLC77,671$1.03M0.00%−5,922−7.1%Reduced
Marshall Financial Group LLC78,192$1.04M0.20%+78,192New
Axim Planning & Wealth79,877$1.06M1.13%−161,462−66.9%Reduced
Monetta Financial Services Inc80,000$1.06M0.76%+80,000New
Pictet Asset Management Holding SA82,176$1.09M0.00%+8,011+10.8%Added
Pathstone Holdings, LLC82,909$1.10M0.00%−709−0.8%Reduced
Occudo Quantitative Strategies LP82,940$1.10M0.07%+50,690+157.2%Added
Adviser Investments LLC83,212$1.11M0.01%+5,071+6.5%Added
Twin Tree Management, LP83,329$1.11M0.11%+83,329New
Kornitzer Capital Management Inc83,650$1.11M0.02%−10,320−11.0%Reduced
JustInvest LLC83,855$1.11M0.01%+11,359+15.7%Added
Victory Capital Management Inc84,759$1.13M0.00%−160,898−65.5%Reduced
Hourglass Capital, LLC85,000$1.13M0.24%+40,000+88.9%Added
Aigen Investment Management, LP86,106$1.14M0.26%+66,646+342.5%Added
Allred Capital Management, LLC97,000$1.29M0.47%+20,000+26.0%Added
VestGen Advisors, LLC97,466$1.29M0.06%−1,388−1.4%Reduced
Axq Capital, LP97,997$1.30M0.29%+31,231+46.8%Added
Cladis Investment Advisory, LLC98,150$1.30M0.71%−32,100−24.6%Reduced
GWM Advisors LLC98,559$1.31M0.00%+96,148+3,987.9%Added
Envestnet Asset Management Inc99,839$1.33M0.00%−6,039−5.7%Reduced
Havemeyer Place LP100,247$1.33M0.26%+100,247New
General American Investors Co Inc100,593$1.34M0.08%−143,000−58.7%Reduced
AQR Capital Management LLC101,367$1.34M0.00%+8,349+9.0%Added
DRW Securities, LLC101,357$1.35M0.10%+84,435+499.0%Added
NBC Securities, Inc.102,016$1.35M0.10%−24,180−19.2%Reduced
Ameritas Investment Partners, Inc.104,409$1.39M0.04%+11,677+12.6%Added
New Mexico Educational Retirement Board105,300$1.40M0.04%00.0%Unchanged
Quantitative Investment Management, LLC108,363$1.44M0.14%+108,363New
Pinnacle Holdings, LLC109,547$1.45M0.49%−77−0.1%Reduced
Ancora Advisors, LLC109,725$1.46M0.03%−39,584−26.5%Reduced
Pacer Advisors, Inc.111,451$1.48M0.00%+20,149+22.1%Added
Oregon Public Employees Retirement Fund113,249$1.50M0.02%+13,600+13.6%Added
Natixis114,821$1.52M0.01%−156,447−57.7%Reduced
Contrarian Capital Management, L.L.C.115,000$1.53M0.40%00.0%Unchanged
HighVista Strategies LLC118,574$1.57M0.41%+118,574New
Creative Planning119,292$1.58M0.00%−35,369−22.9%Reduced
Keynote Financial Services LLC122,973$1.63M0.91%−200.0%Reduced
KLP Kapitalforvaltning AS123,687$1.65M0.01%−15,700−11.3%Reduced