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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
Quantinno Capital Management LP126,486$1.68M0.00%+36,461+40.5%Added
Northwestern Mutual Investment Management Company, LLC127,465$1.69M0.02%+17,199+15.6%Added
Thrivent Financial for Lutherans128,287$1.70M0.00%+3,844+3.1%Added
Steward Partners Investment Advisory, LLC133,980$1.78M0.01%−3,649−2.7%Reduced
Mitsubishi UFJ Trust & Banking Corp134,415$1.79M0.00%+18,829+16.3%Added
State of Michigan Retirement System134,627$1.79M0.01%+16,800+14.3%Added
D.A. Davidson & Co.136,188$1.81M0.01%−57,806−29.8%Reduced
International Assets Investment Management, LLC141,176$1.87M0.13%−63,758−31.1%Reduced
Commonwealth of Pennsylvania Public School Empls Retrmt Sys142,564$1.89M0.01%+15,602+12.3%Added
Twelve Points Wealth Management LLC149,829$1.91M0.43%−64,033−29.9%Reduced
Sanctuary Advisors, LLC144,621$1.92M0.01%+7,464+5.4%Added
First Trust Advisors LP146,103$1.94M0.00%−81,067−35.7%Reduced
Murphy Pohlad Asset Management LLC147,180$1.95M0.75%−1,880−1.3%Reduced
Brevan Howard Capital Management LP148,309$1.97M0.04%+18,321+14.1%Added
IMC-Chicago, LLC152,778$2.03M0.04%+152,778New
Turas Capital Management LP152,800$2.03M0.68%+152,800New
Wiley Bros.-Aintree Capital, LLC153,774$2.04M0.01%−5,811−3.6%Reduced
Janney Montgomery Scott LLC154,635$2.05M0.00%−26,800−14.8%Reduced
SEI Investments Co155,073$2.06M0.00%+10,750+7.4%Added
Comerica Bank157,340$2.09M0.01%+3,912+2.5%Added
Louisiana State Employees Retirement System157,600$2.09M0.04%+19,900+14.5%Added
Twinbeech Capital LP157,964$2.10M0.15%+157,964New
Arizona State Retirement System157,985$2.10M0.01%+11,611+7.9%Added
State of Wisconsin Investment Board158,699$2.11M0.00%−7,821−4.7%Reduced
Teachers Retirement System of the State of Kentucky160,817$2.13M0.02%00.0%Unchanged
Universal- Beteiligungs- und Servicegesellschaft mbH157,583$2.14M0.00%+7,715+5.1%Added
Tectonic Advisors LLC164,574$2.19M0.12%−3,731−2.2%Reduced
Public Employees Retirement System of Ohio168,666$2.24M0.01%+16,657+11.0%Added
Zurcher Kantonalbank (Zurich Cantonalbank)171,824$2.28M0.00%+32,402+23.2%Added
Kestra Private Wealth Services, LLC174,737$2.32M0.03%+3,448+2.0%Added
Lombard Odier Asset Management (USA) Corp190,000$2.52M1.03%−15,000−7.3%Reduced
The PNC Financial Services Group, Inc.192,922$2.56M0.00%−108,303−36.0%Reduced
Wolverine Asset Management LLC196,794$2.61M0.04%00.0%Unchanged
Aequim Alternative Investments LP200,000$2.66M0.05%00.0%Unchanged
AMG National Trust Bank200,372$2.66M0.06%+10,348+5.4%Added
Arkadios Wealth Advisors200,520$2.66M0.05%−86,948−30.2%Reduced
Stifel Financial Corp210,311$2.79M0.00%−5,132−2.4%Reduced
Yousif Capital Management, LLC199,905$2.81M0.03%+18,161+10.0%Added
Y-Intercept (Hong Kong) Ltd216,934$2.88M0.06%−203,993−48.5%Reduced
Advisor Group Holdings, Inc.219,086$2.91M0.00%−57,853−20.9%Reduced
Cambridge Investment Research Advisors, Inc.219,710$2.92M0.01%−27,475−11.1%Reduced
State of New Jersey Common Pension Fund D221,461$2.94M0.01%+10,233+4.8%Added
JB Capital LLC225,009$2.99M0.12%+27,064+13.7%Added
Schonfeld Strategic Advisors LLC225,240$2.99M0.02%−445,271−66.4%Reduced
Deutsche Bank AG226,487$3.01M0.00%+2,254+1.0%Added
State of Tennessee, Treasury Department221,437$3.05M0.01%+87,975+65.9%Added
Collar Capital Management, LLC231,494$3.07M2.05%+1,959+0.9%Added
Treasurer of the State of North Carolina234,786$3.12M0.01%+16,019+7.3%Added
Mutual of America Capital Management LLC237,098$3.15M0.03%+8,635+3.8%Added
Cetera Investment Advisers239,206$3.18M0.00%+29,361+14.0%Added
Police & Firemen's Retirement System of New Jersey239,400$3.18M0.03%+22,678+10.5%Added
ARS Investment Partners, LLC242,627$3.22M0.19%−113,068−31.8%Reduced
First Dallas Securities Inc.243,800$3.24M1.20%−52,000−17.6%Reduced
Janus Henderson Group PLC249,700$3.31M0.00%+32,500+15.0%Added
CenterBook Partners LP257,571$3.42M0.17%+72,883+39.5%Added
Amalgamated Bank258,556$3.43M0.02%+33,115+14.7%Added
Nomura Holdings Inc266,226$3.54M0.01%+266,226New
Lee Danner & Bass Inc272,000$3.61M0.26%−25,019−8.4%Reduced
MetLife Investment Management278,223$3.69M0.02%+24,095+9.5%Added
Private Advisor Group, LLC279,004$3.71M0.02%−93,032−25.0%Reduced
American Century Companies Inc287,120$3.81M0.00%+13,858+5.1%Added
Rockefeller Capital Management L.P.288,550$3.83M0.01%−415−0.1%Reduced
New York State Common Retirement Fund291,690$3.87M0.01%+64,233+28.2%Added
Engineers Gate Manager LP295,945$3.93M0.05%+208,062+236.7%Added
Bank of Montreal301,189$4.00M0.00%+42,450+16.4%Added
Van Eck Associates Corp308,418$4.10M0.00%−44,078−12.5%Reduced
Cerity Partners LLC311,457$4.14M0.01%−99,543−24.2%Reduced
Readystate Asset Management LP317,093$4.21M0.19%−137,120−30.2%Reduced
HSBC Holdings PLC318,247$4.21M0.00%+290,797+1,059.4%Added
Edgestream Partners, L.P.321,230$4.27M0.12%+60,388+23.2%Added
Russell Investments Group, Ltd.346,911$4.61M0.01%+75,049+27.6%Added
First Washington CORP347,533$4.62M1.20%−2,410−0.7%Reduced
Great West Life Assurance Co348,124$4.62M0.01%+65,228+23.1%Added
Simplex Trading, LLC353,970$4.70M0.13%+121,865+52.5%Added
Worldquant Millennium Advisors LLC365,245$4.85M0.02%−49,541−11.9%Reduced
Landscape Capital Management, L.L.C.383,334$5.09M0.34%+239,031+165.6%Added
Lighthouse Investment Partners, LLC395,000$5.25M0.17%−356,750−47.5%Reduced
Manufacturers Life Insurance Company, The401,035$5.33M0.00%+31,789+8.6%Added
ExodusPoint Capital Management, LP459,032$6.10M0.07%+459,032New
New York State Teachers Retirement System462,772$6.15M0.01%+6,000+1.3%Added
Neo Ivy Capital Management463,819$6.16M0.97%+348,403+301.9%Added
State Board of Administration of Florida Retirement System467,007$6.20M0.01%−4,223−0.9%Reduced
Phocas Financial Corp.474,862$6.31M0.82%+151,868+47.0%Added
Soviero Asset Management, LP480,000$6.37M3.33%+45,000+10.3%Added
Raymond James Financial Inc501,716$6.66M0.00%+108,288+27.5%Added
Verition Fund Management LLC510,583$6.78M0.04%−215,399−29.7%Reduced
Price T Rowe Associates Inc517,310$6.87M0.00%+116,502+29.1%Added
Trexquant Investment LP527,463$7.00M0.06%−573,537−52.1%Reduced
Truist Financial Corp527,763$7.01M0.01%−148,090−21.9%Reduced
California State Teachers Retirement System538,520$7.15M0.01%+72,066+15.4%Added
Voya Investment Management LLC566,623$7.52M0.01%+80,312+16.5%Added
Jump Financial, LLC571,823$7.59M0.10%+29,109+5.4%Added
Commonwealth Equity Services, LLC574,311$7.63M0.01%+30,394+5.6%Added
Monaco Asset Management SAM575,000$7.64M2.27%+250,000+76.9%Added
BW Gestao de Investimentos Ltda.582,624$7.74M0.27%+582,624New
Wellington Management Group LLP616,720$8.19M0.00%+29,312+5.0%Added
Renaissance Technologies LLC653,359$8.68M0.01%+360,700+123.2%Added
South Dakota Investment Council656,466$8.72M0.17%−484,125−42.4%Reduced
Group One Trading, L.P.662,081$8.79M0.26%+24,948+3.9%Added
Gallagher Fiduciary Advisors, LLC664,766$8.83M0.29%−19,527−2.9%Reduced