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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
Fisher Asset Management, LLC671,772$8.92M0.00%−207,591−23.6%Reduced
SG Americas Securities, LLC673,052$8.94M0.01%+606,176+906.4%Added
Retirement Systems of Alabama683,741$9.08M0.03%+85,625+14.3%Added
Alliancebernstein L.P.695,777$9.24M0.00%+80,066+13.0%Added
Colony Group, LLC716,977$9.52M0.01%+662,882+1,225.4%Added
Nuveen, LLC725,706$9.64M0.00%+48,500+7.2%Added
Mercer Global Advisors Inc743,351$9.87M0.02%−198,552−21.1%Reduced
Marshall Wace, LLP761,677$10.1M0.01%−812,987−51.6%Reduced
Public Sector Pension Investment Board769,000$10.2M0.03%+769,000New
Quantbot Technologies LP776,395$10.3M0.34%+330,237+74.0%Added
California Public Employees Retirement System790,187$10.5M0.01%+140,623+21.6%Added
Algert Global LLC841,416$11.2M0.17%+623,346+285.8%Added
SFE Investment Counsel907,330$12.0M1.88%−95,775−9.5%Reduced
Laurion Capital Management LP947,573$12.6M0.86%+947,573New
Legal & General Group Plc952,750$12.7M0.00%+76,080+8.7%Added
Masters Capital Management LLC1,000,000$13.3M1.84%−1,000,000−50.0%Reduced
Voloridge Investment Management, LLC1,043,731$13.9M0.05%−3,639,520−77.7%Reduced
Aquatic Capital Management LLC1,074,405$14.3M0.41%+651,085+153.8%Added
Bank of Nova Scotia1,074,798$14.3M0.02%+1,074,798New
Swiss National Bank1,123,261$14.9M0.01%+164,200+17.1%Added
Gotham Asset Management, LLC1,124,186$14.9M0.05%−93,759−7.7%Reduced
UBS Asset Management Americas Inc1,214,036$16.1M0.00%+99,402+8.9%Added
Principal Financial Group Inc1,225,284$16.3M0.01%+126,772+11.5%Added
LPL Financial LLC1,320,330$17.5M0.00%+54,818+4.3%Added
Rhumbline Advisers1,461,169$19.4M0.02%+138,487+10.5%Added
Wells Fargo & Company1,568,036$20.8M0.00%−1,503,556−49.0%Reduced
Easterly Investment Partners LLC1,585,056$21.0M1.29%−44,709−2.7%Reduced
HRT Financial LP1,598,401$21.2M0.07%+1,598,401New
Duquesne Family Office LLCSuperinvestorDuquesne Family Office1,745,655$23.2M0.55%−969,380−35.7%Reduced
Ameriprise Financial Inc1,760,661$23.4M0.01%−127,041−6.7%Reduced
FMR LLC1,825,989$24.2M0.00%−140,799−7.2%Reduced
Susquehanna International Group, LLP1,861,283$24.7M0.03%+1,252,708+205.8%Added
Goldman Sachs Group Inc1,889,383$25.1M0.00%−86,618−4.4%Reduced
Royal Bank of Canada1,893,496$25.1M0.00%−1,732,208−47.8%Reduced
Discovery Capital Management, LLC1,977,700$26.3M1.42%+200,000+11.3%Added
Hodges Capital Management Inc.2,300,253$30.5M2.62%−130,750−5.4%Reduced
Walleye Capital LLC2,368,545$31.5M0.18%+1,886,794+391.7%Added
Barclays PLC2,384,204$31.7M0.01%+75,933+3.3%Added
Douglas Lane & Associates, LLC2,401,775$31.9M0.44%−6,396−0.3%Reduced
Citadel Advisors LLC2,431,186$32.3M0.02%−2,386,251−49.5%Reduced
Invesco Ltd.2,574,681$34.2M0.00%−135,341−5.0%Reduced
Man Group plc2,720,193$36.1M0.07%+1,750,802+180.6%Added
Two Sigma Advisers, LP2,908,928$38.6M0.08%+1,143,700+64.8%Added
Drexel Morgan & Co.2,954,569$39.2M6.14%−2,644,506−47.2%Reduced
Point72 Asset Management, L.P.2,973,928$39.5M0.06%+2,050,317+222.0%Added
Merewether Investment Management, LP3,096,600$41.1M0.95%+3,096,600New
Bank of New York Mellon Corp3,255,781$43.2M0.01%+300,713+10.2%Added
Mirae Asset Global ETFs Holdings Ltd.3,365,313$44.7M0.07%+82,301+2.5%Added
Norges Bank3,749,785$49.8M0.01%+3,749,785New
Allianz Asset Management GmbH3,997,670$53.1M0.06%−197,509−4.7%Reduced
Tudor Investment Corp Et Al4,181,411$55.5M0.30%+3,491,877+506.4%Added
JPMorgan Chase & Co4,181,922$55.5M0.00%−1,692,916−28.8%Reduced
Bank of America Corp4,223,799$56.1M0.00%−1,368,664−24.5%Reduced
Northern Trust Corp4,456,544$59.2M0.01%+418,581+10.4%Added
Neuberger Berman Group LLC4,581,942$60.9M0.05%−119,654−2.5%Reduced
Two Sigma Investments, LP4,793,174$63.7M0.09%+3,485,314+266.5%Added
UBS Group AG5,552,998$73.7M0.01%+614,066+12.4%Added
BNP Paribas Arbitrage, SA6,309,887$83.8M0.05%+770,145+13.9%Added
Turiya Advisors Asia Ltd7,250,000$96.3M14.75%+7,250,000New
Millennium Management LLC7,436,846$98.8M0.07%+5,439,851+272.4%Added
Charles Schwab Investment Management Inc7,663,526$101.8M0.02%+957,441+14.3%Added
Citigroup Inc7,766,514$103.1M0.07%−244,399−3.1%Reduced
Morgan Stanley7,862,669$104.4M0.01%+1,157,775+17.3%Added
Jane Street Group, LLC9,072,042$120.5M0.14%+7,896,522+671.7%Added
Balyasny Asset Management LLC9,377,323$124.5M0.23%+1,382,882+17.3%Added
Geode Capital Management, LLC10,039,851$133.4M0.01%+1,286,042+14.7%Added
D. E. Shaw & Co., Inc.10,604,923$140.8M0.11%+7,696,432+264.6%Added
Maple Rock Capital Partners Inc.12,358,230$164.1M5.42%+5,855,830+90.1%Added
Dimensional Fund Advisors LP14,564,176$193.4M0.04%−2,654,670−15.4%Reduced
Fairfax Financial Holdings LtdSuperinvestorFairfax Financial14,899,273$197.7M9.49%00.0%Unchanged
Castle Hook Partners LP18,083,029$240.1M3.45%+15,393,507+572.4%Added
Slate Path Capital LP22,416,281$297.7M4.01%+2,663,036+13.5%Added
State Street Corp29,278,156$388.8M0.01%+3,632,150+14.2%Added
BlackRock, Inc.53,260,196$707.3M0.01%+5,469,342+11.4%Added
Vanguard Group Inc54,391,397$722.3M0.01%+6,447,462+13.4%Added
Woodline Partners LP0$00.00%−2,761,463−100.0%Sold out
Brandywine Global Investment Management, LLC0$00.00%−1,256,507−100.0%Sold out
Amundi0$00.00%−1,109,021−100.0%Sold out
Edmond de Rothschild Holding S.A.0$00.00%−1,050,000−100.0%Sold out
Contrarius Group Holdings Ltd0$00.00%−896,055−100.0%Sold out
Cohen & Steers, Inc.0$00.00%−260,411−100.0%Sold out
Mraz, Amerine & Associates, Inc.0$00.00%−151,430−100.0%Sold out
Dark Forest Capital Management LP0$00.00%−147,180−100.0%Sold out
Qsemble Capital Management, LP0$00.00%−113,627−100.0%Sold out
NJ State Employees Deferred Compensation Plan0$00.00%−112,000−100.0%Sold out
Intech Investment Management LLC0$00.00%−83,795−100.0%Sold out
Scientech Research LLC0$00.00%−63,274−100.0%Sold out
Quadrature Capital Ltd0$00.00%−62,094−100.0%Sold out
Ilex Capital Partners (UK) LLP0$00.00%−54,637−100.0%Sold out
Wexford Capital LP0$00.00%−47,147−100.0%Sold out
Concurrent Investment Advisors, LLC0$00.00%−28,186−100.0%Sold out
GTS Securities LLC0$00.00%−27,247−100.0%Sold out
Pekin Hardy Strauss, Inc.0$00.00%−25,600−100.0%Sold out
ISAM Funds (UK) Ltd0$00.00%−22,521−100.0%Sold out
Vontobel Holding Ltd.0$00.00%−19,880−100.0%Sold out
Thompson Davis & Co., Inc.0$00.00%−19,200−100.0%Sold out
Requisite Capital Management, LLC0$00.00%−18,123−100.0%Sold out
O'Shaughnessy Asset Management, LLC0$00.00%−17,858−100.0%Sold out
Empowered Funds, LLC0$00.00%−17,116−100.0%Sold out
Torrey Growth & Income Advisors0$00.00%−16,380−100.0%Sold out