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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
Hourglass Capital, LLC85,000$1.13M0.24%+40,000+88.9%Added
Victory Capital Management Inc84,759$1.13M0.00%−160,898−65.5%Reduced
JustInvest LLC83,855$1.11M0.01%+11,359+15.7%Added
Kornitzer Capital Management Inc83,650$1.11M0.02%−10,320−11.0%Reduced
Twin Tree Management, LP83,329$1.11M0.11%+83,329New
Adviser Investments LLC83,212$1.11M0.01%+5,071+6.5%Added
Occudo Quantitative Strategies LP82,940$1.10M0.07%+50,690+157.2%Added
Pathstone Holdings, LLC82,909$1.10M0.00%−709−0.8%Reduced
Pictet Asset Management Holding SA82,176$1.09M0.00%+8,011+10.8%Added
Monetta Financial Services Inc80,000$1.06M0.76%+80,000New
Axim Planning & Wealth79,877$1.06M1.13%−161,462−66.9%Reduced
Marshall Financial Group LLC78,192$1.04M0.20%+78,192New
Wealth Enhancement Advisory Services, LLC77,671$1.03M0.00%−5,922−7.1%Reduced
Friedenthal Financial76,752$1.02M0.53%+76,752New
Clearstead Advisors, LLC74,875$994.3K0.01%−14,729−16.4%Reduced
HighTower Advisors, LLC74,699$992.0K0.00%−3,967−5.0%Reduced
180 Wealth Advisors, LLC73,989$982.6K0.11%−10,402−12.3%Reduced
Kestra Advisory Services, LLC72,958$968.9K0.00%−2,156−2.9%Reduced
Hunter Associates Investment Management LLC70,460$936.0K0.13%00.0%Unchanged
Kovitz Investment Group Partners, LLC70,000$929.6K0.02%−79,911−53.3%Reduced
Squarepoint Ops LLC69,653$925.0K0.00%+69,653New
Numerai GP LLC68,526$910.0K0.11%+68,526New
Beech Hill Advisors, Inc.68,500$909.7K0.44%−12,500−15.4%Reduced
Jones Financial Companies LLLP66,871$888.0K0.00%+34,842+108.8%Added
Natixis Advisors, L.P.65,491$870.0K0.00%+3,319+5.3%Added
Aristeia Capital LLC64,921$862.2K0.02%+26,449+68.7%Added
Unison Advisors LLC61,700$819.4K0.07%00.0%Unchanged
Fruth Investment Management61,725$819.0K0.22%−1,000−1.6%Reduced
CoreCap Advisors, LLC61,519$817.0K0.03%+34,897+131.1%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
Cloverfields Capital Group, LP60,115$798.3K0.25%+187+0.3%Added
Cullen Investment Group, Ltd.62,069$792.0K0.10%+9,000+17.0%Added
Register Financial Advisors LLC59,425$789.2K0.31%+26,700+81.6%Added
Limestone Investment Advisors LP–$783.1K0.53%––
DekaBank Deutsche Girozentrale40,408$769.0K0.00%00.0%Unchanged
Xponance, Inc.57,888$768.8K0.01%−2,669−4.4%Reduced
Summit Trail Advisors, LLC57,536$764.1K0.01%+8,605+17.6%Added
State of Alaska, Department of Revenue56,599$751.0K0.01%+3,245+6.1%Added
Redmond Asset Management, LLC56,548$751.0K0.19%−82−0.1%Reduced
Public Employees Retirement Association of Colorado55,377$735.0K0.00%00.0%Unchanged
Apollon Wealth Management, LLC54,333$721.5K0.01%−12,222−18.4%Reduced
Oceanic Investment Management LTD53,483$710.3K0.74%+53,483New
United Capital Financial Advisers, LLC53,477$710.2K0.00%+53,477New
Captrust Financial Advisors49,614$658.9K0.00%+12,081+32.2%Added
National Bank of Canada49,557$657.6K0.00%+18,453+59.3%Added
PEAK6 LLC48,652$646.1K0.02%+48,652New
Entropy Technologies, LP47,264$627.7K0.03%−16,273−25.6%Reduced
4WEALTH Advisors, Inc.46,583$618.6K0.54%−30,251−39.4%Reduced
Northwestern Mutual Wealth Management Co46,519$617.8K0.00%−6,870−12.9%Reduced
McMahon Financial Advisors, LLC46,061$611.7K0.13%−1,472−3.1%Reduced
Quest Partners LLC45,886$609.4K0.03%−5,581−10.8%Reduced
Bridgewater Associates, LP45,444$603.5K0.00%−54,933−54.7%Reduced
Collaborative Wealth Managment Inc.44,905$596.3K0.21%+30+0.1%Added
Birmingham Capital Management Co Inc44,875$595.9K0.26%00.0%Unchanged
Farther Finance Advisors, LLC43,612$579.2K0.01%+14,288+48.7%Added
Toroso Investments, LLC43,565$578.5K0.00%+21,649+98.8%Added
Pinnacle Wealth Planning Services, Inc.43,494$577.6K0.06%−1,905−4.2%Reduced
Baird Financial Group, Inc.43,014$571.2K0.00%+6,014+16.3%Added
Accredited Investors Inc.42,924$570.0K0.03%−50.0%Reduced
Landing Point Financial Group, LLC42,460$563.9K0.28%−525−1.2%Reduced
Kerntke Otto McGlone Wealth Management Group41,977$557.5K0.39%−894−2.1%Reduced
Securian Asset Management, Inc41,519$551.4K0.02%+4,501+12.2%Added
K2 Principal Fund, L.P.41,300$548.5K0.06%+21,300+106.5%Added
Legacy Financial Advisors, Inc.41,095$545.7K0.08%−110−0.3%Reduced
Prelude Capital Management, LLC40,960$543.9K0.04%−3,180−7.2%Reduced
Machina Capital S.A.S.40,740$541.0K0.10%+2,600+6.8%Added
AE Wealth Management LLC40,299$535.2K0.00%+2,647+7.0%Added
Dorsey & Whitney Trust CO LLC39,671$526.8K0.03%+440+1.1%Added
Stratos Wealth Partners, LTD.39,111$519.4K0.01%−5,229−11.8%Reduced
Federated Hermes, Inc.39,055$518.6K0.00%−923−2.3%Reduced
Capital Fund Management S.A.38,843$515.8K0.00%+38,843New
XTX Topco Ltd38,664$513.5K0.01%+38,664New
Counterpoint Mutual Funds LLC38,226$507.6K0.04%+38,226New
M&T Bank Corp37,666$500.4K0.00%+493+1.3%Added
Inceptionr LLC37,425$497.0K0.14%+6,699+21.8%Added
State of Wyoming37,140$493.2K0.05%+8,545+29.9%Added
Guggenheim Capital LLC36,978$491.1K0.00%−20,273−35.4%Reduced
PFG Investments, LLC36,955$490.8K0.02%+3,130+9.3%Added
Sterneck Capital Management, LLC36,908$490.1K0.22%00.0%Unchanged
Boothbay Fund Management, LLC36,345$482.7K0.01%+4,520+14.2%Added
Advisors Asset Management, Inc.35,274$468.4K0.01%−263−0.7%Reduced
Golden State Equity Partners34,875$463.1K0.07%−10,000−22.3%Reduced
Prudential Financial Inc34,077$457.0K0.00%−15,058−30.6%Reduced
One River Asset Management, LLC33,948$450.8K0.40%+33,948New
Sterling Capital Management LLC33,901$450.2K0.01%+2,895+9.3%Added
Marex Group plc33,337$442.7K0.00%+17,432+109.6%Added
Ensign Peak Advisors, Inc32,575$432.6K0.00%−56,650−63.5%Reduced
Mirabella Financial Services LLP32,388$430.1K0.04%+11,883+58.0%Added
Silver Oak Securities, Inc31,463$421.9K0.03%+10.0%Added
CWM, LLC30,881$410.0K0.00%−282−0.9%Reduced
Moors & Cabot, Inc.30,813$409.2K0.02%−2,305−7.0%Reduced
Utah Retirement Systems29,725$394.7K0.00%+4,525+18.0%Added
Advisor Resource Council28,250$391.3K0.14%+28,250New
Panagora Asset Management Inc29,458$391.2K0.00%−612−2.0%Reduced
Crossmark Global Holdings, Inc.29,241$388.3K0.01%+699+2.4%Added
Virtu Financial LLC29,158$387.0K0.01%+29,158New
Stephens Inc29,108$386.6K0.00%+675+2.4%Added
Campbell & CO Investment Adviser LLC28,808$382.6K0.02%+28,808New
Equitable Holdings, Inc.28,700$381.1K0.00%−1,521−5.0%Reduced