Cleveland-Cliffs Inc.
MX ˙ BMV ˙ US1858991011
SecurityMX:CLF / Cleveland-Cliffs Inc.
InstitutionStifel Financial Corp
Latest Disclosed Ownership155,782 shares
Latest Disclosed Value $ 1,316,379
Stifel Financial Corp reports 25.93% decrease in ownership of CLF / Cleveland-Cliffs Inc.

On May 12, 2026 - Stifel Financial Corp filed a 13F-HR form disclosing ownership of 155,782 shares of Cleveland-Cliffs Inc. (MX:CLF) valued at $1,316,379 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 210,311 shares of Cleveland-Cliffs Inc.. This represents a change in shares of -25.93% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-12 2026-03-31 13F CLEVELAND-CLIFFS INC COM 185899101 155,782 -54,529 -25.93 1,316 -52.87 0.0012
2026-02-13 2025-12-31 13F CLEVELAND-CLIFFS INC COM 185899101 210,311 -5,132 -2.38 2,793 6.24 0.0025
2025-11-12 2025-09-30 13F CLEVELAND-CLIFFS INC COM 185899101 215,443 35,608 19.80 2,628 92.39 0.0024
2025-08-14 2025-06-30 13F CLEVELAND-CLIFFS INC COM 185899101 179,835 16,765 10.28 1,367 1.94 0.0013
2025-05-14 2025-03-31 13F CLEVELAND-CLIFFS INC COM 185899101 163,070 32,963 25.34 1,340 9.57 0.0014
2025-02-13 2024-12-31 13F CLEVELAND-CLIFFS INC COM 185899101 130,107 32,576 33.40 1,223 -1.77 0.0013
2024-11-14 2024-09-30 13F CLEVELAND-CLIFFS INC COM 185899101 97,531 -16,301 -14.32 1,245 -28.90 0.0013
2024-08-13 2024-06-30 13F CLEVELAND-CLIFFS INC COM 185899101 113,832 -14,519 -11.31 1,752 -39.99 0.0020
2024-05-14 2024-03-31 13F CLEVELAND-CLIFFS INC COM 185899101 128,351 -17,125 -11.77 2,919 -1.75 0.0033
2024-02-12 2023-12-31 13F CLEVELAND-CLIFFS INC COM 185899101 145,476 -117,409 -44.66 2,971 -27.70 0.0037
2023-11-13 2023-09-30 13F CLEVELAND-CLIFFS INC COM 185899101 262,885 -65,684 -19.99 4,109 -25.39 0.0058
2023-08-14 2023-06-30 13F CLEVELAND-CLIFFS INC COM 185899101 328,569 69,168 26.66 5,507 15.82 0.0075
2023-05-12 2023-03-31 13F CLEVELAND-CLIFFS INC COM 185899101 259,401 -76,174 -22.70 4,755 -12.06 0.0068
2023-02-13 2022-12-31 13F CLEVELAND-CLIFFS INC COM 185899101 335,575 62,111 22.71 5,406 46.78 0.0081
2022-11-14 2022-09-30 13F CLEVELAND-CLIFFS INC COM 185899101 273,464 14,283 5.51 3,683 -7.53 0.0060
2022-08-15 2022-06-30 13F CLEVELAND-CLIFFS INC COM 185899101 259,181 -40,002 -13.37 3,983 -58.67 0.0062
2022-05-13 2022-03-31 13F CLEVELAND-CLIFFS INC COM 185899101 299,183 -138,494 -31.64 9,636 1.13 0.0131
2022-02-14 2021-12-31 13F CLEVELAND-CLIFFS INC COM 185899101 437,677 -54,706 -11.11 9,528 -2.31 0.0126
2021-11-15 2021-09-30 13F CLEVELAND-CLIFFS INC COM 185899101 492,383 142,034 40.54 9,753 29.13 0.0143
2021-08-13 2021-06-30 13F CLEVELAND-CLIFFS INC COM 185899101 350,349 164,448 88.46 7,553 102.06 0.0113
2021-05-14 2021-03-31 13F CLEVELAND-CLIFFS INC COM 185899101 185,901 69,303 59.44 3,738 120.27 0.0062
2021-02-12 2020-12-31 13F CLEVELAND-CLIFFS INC COM 185899101 116,598 53,483 84.74 1,697 319.01 0.0030
2020-11-16 2020-09-30 13F CLEVELAND-CLIFFS INC COM 185899101 63,115 -7,535 -10.67 405 3.85 0.0008
2020-08-14 2020-06-30 13F CLEVELAND CLIFFS COM 185899101 70,650 4,194 6.31 390 47.73 0.0009
2020-05-14 2020-03-31 13F CLEVELAND CLIFFS COM 185899101 66,456 24,740 59.31 264 -25.00 0.0007
2020-02-13 2019-12-31 13F CLEVELAND CLIFFS COM 185899101 41,716 9,913 31.17 352 56.44 0.0007
2019-11-19 2019-09-30 13F/A-1 CLEVELAND CLIFFS COM 185899101 31,803 14,968 88.91 225 27.84 0.0006
2019-11-13 2019-09-30 13F CLEVELAND CLIFFS COM 185899101 31,803 14,968 225 126.1238
2019-08-14 2019-06-30 13F CLEVELAND CLIFFS COM 185899101 16,835 1,855 12.38 176 18.12 0.0005
2019-05-14 2019-03-31 13F CLEVELAND CLIFFS COM 185899101 14,980 507 3.50 149 33.04 0.0004
2019-02-13 2018-12-31 13F CLEVELAND CLIFFS COM 185899101 14,473 -104,996 -87.89 112 -92.61 0.0004
2018-11-13 2018-09-30 13F CLEVELAND CLIFFS COM 185899101 119,469 -28,740 -19.39 1,515 21.30 0.0043
2018-08-14 2018-06-30 13F CLEVELAND CLIFFS COM 185899101 148,209 4,851 3.38 1,249 25.28 0.0038
2018-05-11 2018-03-31 13F CLEVELAND CLIFFS COM 185899101 143,358 25,741 21.89 997 17.85 0.0031
2018-02-14 2017-12-31 13F CLEVELAND CLIFFS COM 185899101 117,617 1,528 1.32 846 2.05 0.0027
2017-11-13 2017-09-30 13F CLEVELAND CLIFFS COM 185899101 116,089 -300 -0.26 829 2.98 0.0029
2017-08-14 2017-06-30 13F CLIFFS NAT RES COM 18683K101 116,389 -4,152 -3.44 805 -18.52 0.0030
2017-05-10 2017-03-31 13F CLIFFS NAT RES COM 18683K101 120,541 13,950 13.09 988 10.39 0.0038
2017-02-16 2016-12-31 13F CLIFFS NAT RES COM 18683K101 106,591 45,969 75.83 895 152.11 0.0038
2016-11-15 2016-09-30 13F CLIFFS NAT RES COM 18683K101 60,622 41,090 210.37 355 219.82 0.0016
2016-08-17 2016-06-30 13F CLIFFS NAT RES COM 18683K101 19,532 3,360 20.78 111 126.53 0.0005
2016-05-16 2016-03-31 13F CLIFFS NAT RES COM 18683K101 16,172 802 5.22 49 104.17 0.0003
2016-03-21 2015-12-31 13F/A-2 CLIFFS NAT RES COM 18683K101 15,370 -2,425 -13.63 24 -45.45 0.0001
2016-02-26 2015-12-31 13F/A-1 CLIFFS NAT RES COM 18683K101 15,370 0 24 0.0001
2016-02-16 2015-12-31 13F CLIFFS NAT RES COM 18683K101 15,370 24
2015-11-16 2015-09-30 13F CLIFFS NAT RES COM 18683K101 17,795 -950 -5.07 44 -45.68 0.0002
2015-08-17 2015-06-30 13F/A-1 CLIFFS NAT RES COM 18683K101 18,745 6,100 48.24 81 32.79 0.0004
2015-08-17 2015-06-30 13F CLIFFS NAT RES COM 18683K101 18,745 81
2015-05-14 2015-03-31 13F CLIFFS NAT RES COM 18683K101 12,645 12,645 0.00 61 0.0003
2015-02-13 2014-12-31 13F CLIFFS NAT RES COM 18683K101 0 -13,568 -100.00 0 -100.00
2014-11-13 2014-09-30 13F CLIFFS NAT RES COM 18683K101 13,568 -7 -0.05 141 -30.88 0.0012
2014-08-14 2014-06-30 13F CLIFFS NAT RES COM 18683K101 13,575 -800 -5.57 204 -30.61 0.0018
2014-05-15 2014-03-31 13F CLIFFS NAT RES COM 18683K101 14,375 14,375 294 0.0028
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.