Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in CLF held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 58.6M | $495.3M | +10.1% | 10.287% | 0.01% |
| 2 | STATE STREET CORP | 39.3M | $332.2M | +34.3% | 6.899% | 0.01% |
| 3 | VANGUARD CAPITAL MANAGEMENT LLC | 25.6M | $216.3M | — | 4.492% | 0.01% |
| 4 | VANGUARD PORTFOLIO MANAGEMENT LLC | 25.2M | $212.8M | — | 4.419% | 0.01% |
| 5 | Maple Rock Capital Partners Inc. | 20.7M | $175.3M | +67.9% | 3.641% | 5.70% |
| 6 | Slate Path Capital LP | 19.2M | $162.6M | -14.1% | 3.377% | 2.41% |
| 7 | DIMENSIONAL FUND ADVISORS LP | 15.5M | $130.9M | +6.3% | 2.718% | 0.03% |
| 8 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 15.1M | $127.4M | +16.8% | 2.647% | 0.01% |
| 9 | FAIRFAX FINANCIAL HOLDINGS LTD/ CAN | 14.9M | $125.7M | 0.0% | 2.615% | 6.47% |
| 10 | D. E. Shaw & Co., Inc. | 14.6M | $123.2M | +14.5% | 2.559% | 0.12% |
| 11 | TWO SIGMA INVESTMENTS, LP | 14.4M | $121.7M | +184.2% | 2.527% | 0.10% |
| 12 | GEODE CAPITAL MANAGEMENT, LLC | 10.5M | $88.5M | +4.2% | 1.837% | 0.01% |
| 13 | MORGAN STANLEY | 8.9M | $75.1M | +13.1% | 1.560% | 0.00% |
| 14 | CITIGROUP INC | 8.6M | $73.1M | +11.4% | 1.518% | 0.03% |
| 15 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 8.0M | $67.9M | +4.8% | 1.409% | 0.01% |
| 16 | Turiya Advisors Asia Ltd | 7.7M | $64.7M | +5.6% | 1.344% | 13.04% |
| 17 | MILLENNIUM MANAGEMENT LLC | 7.2M | $61.0M | -18.7% | 1.267% | 0.04% |
| 18 | UBS Group AG | 6.6M | $55.8M | -22.6% | 1.158% | 0.01% |
| 19 | Kinetic Partners Management, LP | 5.2M | $44.3M | — | 0.920% | 2.48% |
| 20 | NORTHERN TRUST CORP | 4.6M | $38.6M | +2.6% | 0.802% | 0.01% |
| 21 | Neuberger Berman Group LLC | 4.5M | $37.9M | -1.9% | 0.789% | 0.03% |
| 22 | Man Group plc | 4.4M | $36.8M | +60.3% | 0.765% | 0.07% |
| 23 | Squarepoint Ops LLC | 4.4M | $36.8M | +230.9% | 0.764% | 0.05% |
| 24 | MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 4.2M | $35.4M | +24.3% | 0.734% | 0.05% |
| 25 | VOLORIDGE INVESTMENT MANAGEMENT, LLC | 4.0M | $33.6M | +280.5% | 0.697% | 0.13% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in CLF — a direct measure of their conviction.
Filings activity in CLF during Q1 2026, grouped by how each filer changed its position.
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 548 | 1.6% | 50.70% | 28.14 pp | $3.98B | 36% |
| Q4 2025 | 557 | +2.2% | 78.84% | +17.91 pp | $6.19B | +29% |
| Q3 2025 | 545 | 0.5% | 60.93% | +22.11 pp | $4.78B | +57% |
| Q2 2025 | 548 | 1.3% | 38.82% | 11.16 pp | $3.05B | 22% |
| Q1 2025 | 555 | +0.2% | 49.98% | 50.21 pp | $3.92B | 50% |
| Q4 2024 | 554 | +2.2% | 100.19% | +44.03 pp | $7.87B | +78% |
| Q3 2024 | 542 | 8.8% | 56.16% | 23.24 pp | $4.41B | 29% |
| Q2 2024 | 594 | — | 79.40% | — | $6.23B | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying CLF stock.
Based on Q1 2026 13F filings, institutional ownership of Cleveland-Cliffs Inc. stands at 50.7%, held across 548 reporting institutions.
BlackRock, Inc. is the largest reported institutional holder of CLF, with approximately 58,617,526 shares worth $0.50B as of Q1 2026.
Yes — 3 widely-followed marquee investors appear among the top 25 institutional holders of CLF, including SUSQUEHANNA INTERNATIONAL GROUP, LLP, TWO SIGMA INVESTMENTS, LP, MILLENNIUM MANAGEMENT LLC.
Our composite Smart Money Score for CLF is 46 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
96 institutions opened new positions in CLF during Q1 2026, while 105 fully exited. 65 added to existing positions and 385 trimmed.
CLF institutional ownership fell by 28.14 percentage points quarter-over-quarter, with a net change of -9 holders.
The top 10 institutions account for 52.8% of all reported 13F value in CLF, and the top 25 account for 74.7%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
Cleveland-Cliffs Inc. (CLF) Institutional Ownership