Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Cleveland-Cliffs Inc New (CLF)

562 + Investors. Track Smart Money conviction in CLF. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -4
Streak
1Q ▼
Buyers last Q
52%

Smart Money Signals — CLF

Based on 567 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their CLF positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 92% of 3.0Y peak

92% of all-time peak
567 funds currently hold this stock — 92% of the 3.0-year high of 613 funds (reached 2024 Q1). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding CLF is almost the same as a year ago (-10 funds, -2% change). No significant rush to buy or sell — institutional backing is holding steady.
🟡

Slight buying edge — 52% buying

300 buying281 selling
Last quarter: 300 funds bought or added vs 281 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~91 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 84 → 76 → 89 → 91. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

66% of holders stayed for 2+ years

■ 66% conviction (2yr+) ■ 19% medium ■ 14% new
375 out of 567 hedge funds have held CLF for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💎

Buying through price weakness — shares +1%, value -37%

Value
-36%
Shares
+0%
Last quarter: funds added +1% more shares while total portfolio value only changed -37%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📈

Growing discovery — still being found

104 → 84 → 76 → 89 → 91 new funds/Q
New funds entering each quarter: 84 → 76 → 89 → 91. A growing number of institutions are discovering CLF each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 74% veterans vs 18% newcomers

■ 74% veterans ■ 8% 1-2yr ■ 18% new
Entry-cohort mix of 616 holders: 456 (74%) are 2+ year veterans, 52 entered 1–2 years ago, and 108 (18%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 37% AUM from major funds

37% from top-100 AUM funds
52 of 562 holders rank in the top 100 by AUM, accounting for 37% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.0
out of 10
Low Exit Risk
Exit risk score 3.0/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — CLF

In 2026 Q1, 300 hedge funds were net buyers of CLF (91 opened a new position, 209 added to an existing one), while 281 reduced or exited (186 trimmed, 95 sold completely) — a 52% buyer ratio, indicating a slight buying edge. 37% of total institutional value in CLF is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -4 funds (more exits than new entries). Total institutional holders: 567.

Hedge Fund Ownership: CLF

How many hedge funds hold CLF — quarterly history vs. share price
Quarterly hedge fund ownership of CLF vs. share price

Market Analysis: CLF

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: CLF

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Cleveland-Cliffs Inc New (CLF) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much CLF has moved relative to its sector benchmark (SPY) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 79d ago
CLF
+50.1%
SPY
+13.9%

CLF outperformed SPY by +36.2% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 34d ago
CLF
+23.0%
SPY
+0.2%

Since the filing became public, CLF outperformed SPY by +22.8% .

Interpretation: The stock has meaningfully outrun its sector. The trade has partially played out; entry is at a premium to the fund's implied reference. Learn more →

Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

39 top-rated funds 6 high-conviction
Consensus
7.0
/ 10
breadth
×
Elite
5.6
/ 10
conviction
Hedge Fund Positioning: CLF
562 + Investors

Track Smart Money conviction in CLF. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 562 571 -1.58%
13F Shares 504M 502M 0.56%
Total Value $4.21B $6.65B -36.68%
New Positions 89 89 -
Increased Positions 189 205 -16
Closed Positions 98 80 +18
Reduced Positions 172 174 -2
Total Calls 29 29 -
Total Puts 24 27 -11.11%
PUT/CALL Ratio 0.83 0.93 Neutral

Statistics: CLF

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

562 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in CLF. Verified SEC 13F-HR filings.

QUARTER:
Top 25 CLF holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Turiya Advisors Asia Ltd 13.04% 7,655,711 $64.7M
2 Fairfax Financial Holdings Ltd/ Can 6.47% 14,899,273 $125.7M
3 Maple Rock Capital Partners Inc. 5.70% 20,745,557 $175.3M
4 Drexel Morgan & Co. 4.21% 3,397,625 $28.7M
5 Kinetic Partners Management, LP 2.48% 5,243,200 $44.3M
6 Slate Path Capital LP 2.41% 19,243,981 $162.6M
7 Dayah Capital LLC 2.30% 480,000 $4.1M
8 Hodges Capital Management Inc. 1.49% 2,137,166 $18.1M
9 Easterly Investment Partners LLC 1.26% 1,961,390 $16.5M
10 Collar Capital Management, LLC 1.25% 228,573 $1.9M
11 SFE Investment Counsel 1.19% 895,489 $7.6M
12 Axim Planning & Wealth 1.02% 99,376 $840K
13 First Washington CORP 0.83% 345,374 $2.9M
14 First Dallas Securities Inc. 0.75% 241,100 $2.0M
15 Axq Capital, LP 0.72% 659,816 $5.6M
16 Oceanic Investment Management LTD 0.70% 97,584 $825K
17 Discovery Capital Management, LLC / Ct 0.64% 1,447,600 $12.2M
18 Keynote Financial Services LLC 0.57% 126,310 $1.1M
19 Covalis Capital LLP 0.56% 1,080,308 $9.1M
20 Masters Capital Management LLC 0.56% 2,000,000 $16.9M
21 Occudo Quantitative Strategies LP 0.52% 929,858 $9.5M
22 nVerses Capital, LLC 0.49% 64,167 $542K
23 Phocas Financial Corp. 0.49% 370,421 $3.1M
24 Cladis Investment Advisory, LLC 0.45% 96,650 $817K
25 Murphy Pohlad Asset Management LLC 0.44% 144,180 $1.2M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Cleveland-Cliffs Inc New (CLF)

What does the Smart Money Trend signal show for CLF?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their CLF positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for CLF?

Slight buying edge — 52% buying: Last quarter: 300 funds bought or added vs 281 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for CLF holders?

Strong quality — 37% AUM from major funds: 52 of 562 holders rank in the top 100 by AUM, accounting for 37% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held CLF?

66% of holders stayed for 2+ years: 375 out of 567 hedge funds have held CLF for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Cleveland-Cliffs Inc New (CLF) following the 2026 Q1 hedge fund 13F filings?

As of today, CLF has moved +23.0% since the 2026 Q1 13F filing date (May 15, 2026), compared to +0.2% for the SPY sector ETF — an outperformance of +22.8%. Since the quarter end (March 31, 2026), CLF has gained +50.1% vs +13.9% for SPY. The stock has meaningfully outrun its sector. The trade has partially played out; entry is at a premium to the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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