Cleveland-cliffs Inc (CLF) 13F Investor Activity Report (Q2 2026)

CLF ranks #971 out of 37501 tracked stocks by institutional interest — one of the most closely watched names in our coverage.

CLF is a top-conviction position for Fairfax Financial Holdings Ltd/ Can — at 5.3% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.

The largest dollar stake in CLF belongs to California State Teachers Retirement System, but the position matters far more to Fairfax Financial Holdings Ltd/ Can, who has 5.3% of their own portfolio riding on it — a reminder that the biggest holder by size and the holder with the biggest bet aren't always the same fund.

Two Sigma Investments, LP has added to its CLF position for two straight quarters, increasing it by $75.4M to reach $142.7M today.

State Street has trimmed its CLF position for two straight quarters, cutting it by $76.6M while still holding $312.2M.

CLF is up 7.6% today, and institutions have been net buyers of $491.7M this quarter — today's price move and the underlying institutional flow are pointing the same direction.

CLF reported a net loss of $876.0M over the trailing twelve months.

• Not yet profitable — net loss of $876.0M over the trailing twelve months
• Revenue grew 4.0% year over year
• Net income improved year over year, from -$1.7B to -$876.0M
• Operating cash flow was negative, using $462.0M in cash
• Current ratio of 1.95x — enough short-term assets to cover short-term liabilities
• Liabilities run 2.24x equity — a highly leveraged balance sheet worth noting