Cleveland-cliffs Inc.: which funds bought and sold

Institutions that bought and sold Cleveland-cliffs shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 271 institutions that filed 13F reports for both quarters added to or opened positions in Cleveland-cliffs, and 263 cut or closed them. Together they added a net 8.1M shares, +1.7% on what they held at the start of the quarter. Active managers and hedge funds on our list were net buyers of 2.0M shares (+1.6%); index fund managers were net sellers of 8.6M shares (−4.9%). 88 opened a new position and 74 sold out entirely.

Bought, Q2 2026 271 institutions, 88 of them new holders Sold, Q2 2026 263 institutions, 74 of them sold out

Net change, all compared +8.1M shares (+1.7%)

Net change, active managers +2.0M shares (+1.6%), 34 bought, 30 sold

Buyers versus sellers

institutions compared, 645

271 bought 111 263 sold

Active managers and hedge funds 34 bought · 30 sold · +2.0M

Index fund managers 6 bought · 5 sold · −8.6M

Other institutions 231 bought · 228 sold · +14.8M

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
Assenagon Asset Management S.A.	+10.1M +516.4%	12.0M	$113M
Slate Path Capital LP Hedge fund	+9.2M +47.6%	28.4M	$267M
Pointstate Capital LP Hedge fund	+6.6M New position	6.6M	$61.8M
Avala Global LP Hedge fund	+6.2M New position	6.2M	$58.3M
Encompass Capital Advisors LLC	+5.1M New position	5.1M	$48M
SG Americas Securities, LLC	+5.0M +685.5%	5.7M	$53.7M
Goldman Sachs Group Inc	+3.2M +100.1%	6.4M	$60.3M
D. E. Shaw & Co., Inc. Hedge fund	+2.7M +20.9%	15.4M	$144M
Apis Capital Advisors, LLC	+2.5M New position	2.5M	$23.9M
Yaupon Capital Management LP Hedge fund	+2.3M New position	2.3M	$22M
BNP Paribas Financial Markets	+2.1M +75.6%	4.9M	$46.3M
Duquesne Family Office LLC Hedge fund	+1.9M +82.2%	4.2M	$39.6M
Capital Fund Management S.A. Hedge fund	+1.9M +1186.5%	2.0M	$18.9M
Two Sigma Investments, LP Hedge fund	+1.3M +9.2%	15.2M	$143M
Robinhood Asset Management, LLC	+1.2M New position	1.2M	$10.8M
Segall Bryant & Hamill, LLC Active manager	+1.1M New position	1.1M	$10.4M
Bank Of America Corp	+1.1M +39.4%	3.9M	$36.7M
Castleknight Management LP Hedge fund	+998K New position	998K	$9.4M
Engineers Gate Manager LP Hedge fund	+958K +212.9%	1.4M	$13.2M
Citigroup Inc	+949K +11.0%	9.6M	$90.1M

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Slate Path Capital LP Hedge fund	+9.2M +47.6%	28.4M	$267M
Pointstate Capital LP Hedge fund	+6.6M New position	6.6M	$61.8M
Avala Global LP Hedge fund	+6.2M New position	6.2M	$58.3M
D. E. Shaw & Co., Inc. Hedge fund	+2.7M +20.9%	15.4M	$144M
Yaupon Capital Management LP Hedge fund	+2.3M New position	2.3M	$22M
Duquesne Family Office LLC Hedge fund	+1.9M +82.2%	4.2M	$39.6M
Capital Fund Management S.A. Hedge fund	+1.9M +1186.5%	2.0M	$18.9M
Two Sigma Investments, LP Hedge fund	+1.3M +9.2%	15.2M	$143M
Segall Bryant & Hamill, LLC Active manager	+1.1M New position	1.1M	$10.4M
Castleknight Management LP Hedge fund	+998K New position	998K	$9.4M

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
Maple Rock Capital Partners Inc. Hedge fund	−17.7M −85.1%	3.1M	$29M
Turiya Advisors Asia Ltd	−7.7M Sold out	0	—
State Street Corp Index funds	−6.1M −15.4%	33.2M	$312M
Voloridge Investment Management, LLC Hedge fund	−4.0M Sold out	0	—
Dimensional Fund Advisors LP	−3.0M −19.6%	12.5M	$117M
Tudor Investment Corp Et Al Hedge fund	−3.0M −82.9%	627K	$5.9M
Blackrock, Inc. Index funds	−2.9M −5.0%	55.7M	$523M
UBS Group AG	−2.3M −38.9%	3.6M	$33.8M
Citadel Advisors LLC Hedge fund	−2.1M −71.5%	816K	$7.7M
Trexquant Investment LP Hedge fund	−1.6M Sold out	0	—
Man Group PLC Hedge fund	−1.5M −34.4%	2.9M	$26.8M
Discovery Capital Management, LLC / Ct Hedge fund	−1.4M Sold out	0	—
Deutsche Bank Ag\	−1.3M −92.0%	111K	$1M
Masters Capital Management LLC Hedge fund	−1.2M Sold out	0	—
Allianz Asset Management Gmbh	−1.2M −51.4%	1.1M	$10.3M
Covalis Capital LLP	−1.1M Sold out	0	—
Squarepoint Ops LLC Hedge fund	−1.1M −27.2%	2.9M	$27.1M
Morgan Stanley	−979K −11.0%	7.9M	$74.3M
Aquatic Capital Management LLC	−962K −62.7%	572K	$5.4M
Schonfeld Strategic Advisors LLC Hedge fund	−908K −77.2%	268K	$2.5M

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Maple Rock Capital Partners Inc. Hedge fund	−17.7M −85.1%	3.1M	$29M
Voloridge Investment Management, LLC Hedge fund	−4.0M Sold out	0	—
Tudor Investment Corp Et Al Hedge fund	−3.0M −82.9%	627K	$5.9M
Citadel Advisors LLC Hedge fund	−2.1M −71.5%	816K	$7.7M
Trexquant Investment LP Hedge fund	−1.6M Sold out	0	—
Man Group PLC Hedge fund	−1.5M −34.4%	2.9M	$26.8M
Discovery Capital Management, LLC / Ct Hedge fund	−1.4M Sold out	0	—
Masters Capital Management LLC Hedge fund	−1.2M Sold out	0	—
Squarepoint Ops LLC Hedge fund	−1.1M −27.2%	2.9M	$27.1M
Schonfeld Strategic Advisors LLC Hedge fund	−908K −77.2%	268K	$2.5M

New positions

largest by value

Institution	Shares	Value June 30, 2026
Pointstate Capital LPHedge fund	6.6M	$61.8M
Avala Global LPHedge fund	6.2M	$58.3M
Encompass Capital Advisors LLC	5.1M	$48M
Apis Capital Advisors, LLC	2.5M	$23.9M
Yaupon Capital Management LPHedge fund	2.3M	$22M
Robinhood Asset Management, LLC	1.2M	$10.8M
Segall Bryant & Hamill, LLCActive manager	1.1M	$10.4M
Castleknight Management LPHedge fund	998K	$9.4M
Towle & Co	649K	$6.1M
Old West Investment Management, LLC	616K	$5.8M

Sold out

largest by value

Institution	Shares	Value March 31, 2026
Turiya Advisors Asia Ltd	7.7M	$64.7M
Voloridge Investment Management, LLCHedge fund	4.0M	$33.6M
Trexquant Investment LPHedge fund	1.6M	$13.1M
Discovery Capital Management, LLC / CtHedge fund	1.4M	$12.2M
Masters Capital Management LLCHedge fund	1.2M	$10.1M
Covalis Capital LLP	1.1M	$9.1M
Exoduspoint Capital Management, LPHedge fund	664K	$5.6M
Jane Street Group, LLC	565K	$4.8M
Bw Gestao De Investimentos Ltda.	467K	$3.9M
First Washington Corp	345K	$2.9M

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 579
Ten largest holders: 49.5%
Index fund managers: 35.0%
Active managers and hedge funds: 27.2%

Buying and selling by type of institution, March 31, 2026 to June 30, 2026
Type	Bought	Sold	New	Sold out	Net change in shares	Net %
Active managers and hedge funds	34	30	12	8	+2.0M	+1.6%
Index fund managers	6	5	0	0	−8.6M	−4.9%
Other institutions	231	228	76	66	+14.8M	+8.9%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

What these filings can and cannot tell you

Form 13F lists the long positions in US-listed shares held by investment managers with more than $100 million in such holdings. Managers file it up to 45 days after each quarter ends, so this page shows what funds held at the end of each quarter, not what they are doing now: a position may have changed since. Short positions, most derivatives and smaller managers are not included, and a cut can mean a fund lost clients or rebalanced rather than a view on Cleveland-cliffs.

Only managers that filed a holdings report for both quarters are compared (645 here). 19 other holders are left out: first-time or late filers, firms that changed their SEC registration, and filings that withheld positions under confidential treatment, any of which would otherwise look like a new position or a sale. Figures are as reported by each manager in the SEC's quarterly 13F data sets; option positions are excluded.

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