Cleveland-Cliffs Inc.
MX ˙ BMV ˙ US1858991011
SecurityMX:CLF / Cleveland-Cliffs Inc.
InstitutionComerica Bank
Latest Disclosed Ownership157,340 shares
Latest Disclosed Value $ 2,089,471
Comerica Bank reports 2.55% increase in ownership of CLF / Cleveland-Cliffs Inc.

On January 29, 2026 - Comerica Bank filed a 13F-HR form disclosing ownership of 157,340 shares of Cleveland-Cliffs Inc. (MX:CLF) valued at $2,089,471 USD as of December 31, 2025. The entity filed a previous 13F-HR on November 14, 2025 disclosing 153,428 shares of Cleveland-Cliffs Inc.. This represents a change in shares of 2.55% 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)
2026-01-29 2025-12-31 13F CLEVELAND-CLIFFS INC COM 185899101 157,340 3,912 2.55 2,089 11.65 0.0068
2025-11-14 2025-09-30 13F CLEVELAND-CLIFFS INC COM 185899101 153,428 -6,912 -4.31 1,872 53.61 0.0070
2025-08-14 2025-06-30 13F CLEVELAND-CLIFFS INC COM 185899101 160,340 -5,284 -3.19 1,219 -10.51 0.0047
2025-05-14 2025-03-31 13F CLEVELAND-CLIFFS INC COM 185899101 165,624 -659 -0.40 1,361 -12.92 0.0057
2025-02-14 2024-12-31 13F/A-1 CLEVELAND-CLIFFS INC COM 185899101 166,283 -5,373 -3.13 1,563 -28.70 0.0063
2025-02-14 2024-12-31 13F CLEVELAND-CLIFFS INC COM 185899101 166,283 -5,373 1,563 0.0052
2024-11-14 2024-09-30 13F CLEVELAND-CLIFFS INC COM 185899101 171,656 -25,887 -13.10 2,192 -27.89 0.0087
2024-08-15 2024-06-30 13F CLEVELAND-CLIFFS INC COMMON 185899101 197,543 -21,562 -9.84 3,040 -38.98 0.0127
2024-05-16 2024-03-31 13F CLEVELAND-CLIFFS INC COMMON 185899101 219,105 -4,614 -2.06 4,982 9.06 0.0215
2024-02-14 2023-12-31 13F CLEVELAND-CLIFFS INC COMMON 185899101 223,719 -20,589 -8.43 4,568 19.64 0.0210
2023-11-21 2023-09-30 13F CLEVELAND-CLIFFS INC COMMON 185899101 244,308 244,308 3,819 0.0199
2023-08-22 2023-06-30 13F CLEVELAND CLIFFS INC COM 185899101 0 -227,764 -100.00 0 -100.00
2023-01-26 2022-12-31 13F CLEVELAND CLIFFS INC COM 185899101 227,764 -4,555 -1.96 5 -99.89 0.0370
2022-10-28 2022-09-30 13F CLEVELAND-CLIFFS INC COM 185899101 232,319 12,129 5.51 3,608 -0.39 0.0304
2022-08-02 2022-06-30 13F CLEVELAND-CLIFFS INC COM 185899101 220,190 -10,361 -4.49 3,622 -48.59 0.0297
2022-04-27 2022-03-31 13F CLEVELAND-CLIFFS INC COM 185899101 230,551 20,533 9.78 7,046 99.10 0.0511
2022-02-18 2021-12-31 13F CLEVELAND-CLIFFS INC COM 185899101 210,018 2,655 1.28 3,539 -28.45 0.0260
2021-11-22 2021-09-30 13F CLEVELAND-CLIFFS INC COM 185899101 207,363 -44,922 -17.81 4,946 -15.38 0.0298
2021-08-26 2021-06-30 13F CLEVELAND-CLIFFS INC COM 185899101 252,285 -3,970 -1.55 5,845 26.87 0.0349
2021-04-28 2021-03-31 13F CLEVELAND-CLIFFS INC COM 185899101 256,255 -163,848 -39.00 4,607 -33.13 0.0275
2021-01-28 2020-12-31 13F CLEVELAND-CLIFFS INC COM 185899101 420,103 1,252 0.30 6,890 89.75 0.0437
2020-10-30 2020-09-30 13F CLEVELAND-CLIFFS INC COM 185899101 418,851 -4,924 -1.16 3,631 47.96 0.0264
2020-07-31 2020-06-30 13F CLEVELAND-CLIFFS INC COM 185899101 423,775 35,838 9.24 2,454 66.04 0.0189
2020-05-01 2020-03-31 13F CLEVELAND-CLIFFS INC COM 185899101 387,937 132,477 51.86 1,478 -19.54 0.0136
2020-02-07 2019-12-31 13F CLEVELAND-CLIFFS INC COM 185899101 255,460 245,143 2,376.11 1,837 2,382.43 0.0139
2019-10-31 2019-09-30 13F CLEVELAND-CLIFFS INC COM 185899101 10,317 -880 -7.86 74 -39.84 0.0006
2019-08-02 2019-06-30 13F CLEVELAND-CLIFFS INC COM 185899101 11,197 0 0.00 123 6.03 0.0010
2019-05-02 2019-03-31 13F CLEVELAND-CLIFFS INC COM 185899101 11,197 0 0.00 116 12.62 0.0009
2019-02-06 2018-12-31 13F CLEVELAND-CLIFFS INC COM 185899101 11,197 -365 -3.16 103 -20.16 0.0009
2018-11-01 2018-09-30 13F CLEVELAND-CLIFFS INC COM 185899101 11,562 -348 -2.92 129 27.72 0.0010
2018-08-01 2018-06-30 13F CLEVELAND-CLIFFS INC COM 185899101 11,910 -3,691 -23.66 101 -9.82 0.0007
2018-05-01 2018-03-31 13F CLEVELAND-CLIFFS INC COM 185899101 15,601 117 0.76 112 -13.18 0.0008
2018-02-02 2017-12-31 13F CLEVELAND-CLIFFS INC COM 185899101 15,484 -1,377 -8.17 129 25.24 0.0009
2017-11-06 2017-09-30 13F CLEVELAND-CLIFFS INC COM 185899101 16,861 1,368 8.83 103 -11.21 0.0007
2017-08-03 2017-06-30 13F CLIFFS NAT RES COM 18683K101 15,493 5,129 49.49 116 68.12 0.0009
2017-05-03 2017-03-31 13F CLIFFS NAT RES COM 18683K101 10,364 10,364 -33.11 69 -40.52 0.0005
2016-08-11 2016-06-30 13F CLIFFS NAT RES COM 18683K101 0 -11,037 -100.00 0 -100.00
2016-05-11 2016-03-31 13F CLIFFS NAT RES COM 18683K101 11,037 11,037 0.00 45 0.0004
2015-08-13 2015-06-30 13F CLIFFS NAT RES COM 18683K101 0 -106,313 -100.00 0 -100.00
2015-05-15 2015-03-31 13F CLIFFS NAT RES COM 18683K101 106,313 -109,433 -50.72 511 -66.82 0.0043
2015-02-13 2014-12-31 13F CLIFFS NAT RES COM 18683K101 215,746 105,685 96.02 1,540 34.73 0.0067
2014-10-21 2014-09-30 13F CLIFFS NAT RES COM 18683K101 110,061 1,536 1.42 1,143 -30.01 0.0101
2014-08-12 2014-06-30 13F CLIFFS NAT RES COM 18683K101 108,525 55,390 104.24 1,633 50.23 0.0139
2014-05-15 2014-03-31 13F CLIFFS NAT RES COM 18683K101 53,135 -2,103 -3.81 1,087 -24.93 0.0083
2014-02-11 2013-12-31 13F CLIFFS NAT RES COM 18683K101 55,238 -10,225 -15.62 1,448 7.90 0.0112
2013-11-12 2013-09-30 13F CLIFFS NAT RES COM 18683K101 65,463 -7,994 -10.88 1,342 12.40 0.0093
2013-08-13 2013-06-30 13F/A-1 CLIFFS NAT RES COM 18683K101 73,457 73,457 1,194 0.0097
2013-08-08 2013-06-30 13F CLIFFS NAT RES COM 18683K101 425,269 6,911
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.