Cleveland-Cliffs Inc.
MX ˙ BMV ˙ US1858991011
SecurityMX:CLF / Cleveland-Cliffs Inc.
InstitutionHodges Capital Management Inc.
Latest Disclosed Ownership2,137,166 shares
Latest Disclosed Value $ 18,059,055
Hodges Capital Management Inc. reports 7.09% decrease in ownership of CLF / Cleveland-Cliffs Inc.

On April 28, 2026 - Hodges Capital Management Inc. filed a 13F-HR form disclosing ownership of 2,137,166 shares of Cleveland-Cliffs Inc. (MX:CLF) valued at $18,059,055 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 11, 2026 disclosing 2,300,253 shares of Cleveland-Cliffs Inc.. This represents a change in shares of -7.09% 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)
2026-04-28 2026-03-31 13F Cleveland-Cliffs COM 185899101 2,137,166 -163,087 -7.09 18,059 -40.88 1.4944
2026-02-11 2025-12-31 13F Cleveland-Cliffs COM 185899101 2,300,253 -130,750 -5.38 30,547 3.00 2.6250
2025-11-07 2025-09-30 13F Cleveland-Cliffs COM 185899101 2,431,003 -212,973 -8.06 29,658 47.60 2.5368
2025-08-07 2025-06-30 13F Cleveland-Cliffs COM 185899101 2,643,976 572,509 27.64 20,094 18.01 1.9269
2025-06-02 2025-03-31 13F/A-1 CLEVELAND-CLIFFS INC COM 185899101 2,071,467 -1,245,319 -37.55 17,027 -45.39 1.6981
2025-05-16 2025-03-31 13F CLEVELAND-CLIFFS INC COM 185899101 3,396,248 79,462 27,917 1.8040
2025-01-24 2024-12-31 13F CLEVELAND-CLIFFS INC COM 185899101 3,316,786 391,109 13.37 31,178 -16.55 1.8682
2024-11-15 2024-09-30 13F CLEVELAND-CLIFFS INC COM 185899101 2,925,677 726,043 33.01 37,361 10.36 2.3927
2024-08-02 2024-06-30 13F CLEVELAND-CLIFFS INC COM 185899101 2,199,634 104,197 4.97 33,852 71,925.53 2.2661
2024-04-16 2024-03-31 13F CLEVELAND-CLIFFS INC COM 185899101 2,095,437 -691,932 -24.82 48 -16.07 3.0255
2024-02-13 2023-12-31 13F CLEVELAND-CLIFFS INC COM 185899101 2,787,369 1,561,868 127.45 57 194.74 3.0186
2023-11-14 2023-09-30 13F CLEVELAND-CLIFFS INC COM 185899101 1,225,501 -844,859 -40.81 19 -59.57 2.2717
2023-08-07 2023-06-30 13F CLEVELAND-CLIFFS INC COM 185899101 2,070,360 779,800 60.42 48 27.03 2.7949
2023-05-15 2023-03-31 13F CLEVELAND-CLIFFS INC COM 185899101 1,290,560 -728,885 -36.09 37 15.63 3.0513
2023-02-03 2022-12-31 13F CLEVELAND-CLIFFS INC COM 185899101 2,019,445 918,513 83.43 33 -99.78 2.8198
2022-10-21 2022-09-30 13F CLEVELAND-CLIFFS INC COM 185899101 1,100,932 -718,948 -39.51 14,830 -46.98 2.4402
2022-07-28 2022-06-30 13F CLEVELAND-CLIFFS INC COM 185899101 1,819,880 29,776 1.66 27,972 -51.49 2.8236
2022-05-12 2022-03-31 13F CLEVELAND-CLIFFS INC COM 185899101 1,790,104 -33,267 -1.82 57,660 45.26 4.5813
2022-02-07 2021-12-31 13F CLEVELAND-CLIFFS COM 185899101 1,823,371 -11,895 -0.65 39,695 9.18 2.8779
2021-10-06 2021-09-30 13F CLEVELAND-CLIFFS COM 185899101 1,835,266 852,605 86.76 36,357 71.61 2.6710
2021-07-06 2021-06-30 13F CLEVELAND-CLIFFS COM 185899101 982,661 44,895 4.79 21,186 12.34 2.3743
2021-04-07 2021-03-31 13F CLEVELAND-CLIFFS COM 185899101 937,766 309,150 49.18 18,858 106.03 2.6087
2021-02-01 2020-12-31 13F CLEVELAND-CLIFFS COM 185899101 628,616 -200,009 -24.14 9,153 72.05 1.4423
2020-10-15 2020-09-30 13F CLEVELAND CLIFFS COM 185899101 828,625 -390,889 -32.05 5,320 -20.97 1.0321
2020-07-22 2020-06-30 13F CLEVELAND CLIFFS COM 185899101 1,219,514 -692,896 -36.23 6,732 -10.88 1.3744
2020-05-04 2020-03-31 13F CLEVELAND CLIFFS COM 185899101 1,912,410 -779,140 -28.95 7,554 -66.59 1.9317
2020-02-04 2019-12-31 13F CLEVELAND CLIFFS COM 185899101 2,691,550 -465,795 -14.75 22,608 -0.82 2.9720
2019-11-14 2019-09-30 13F CLEVELAND CLIFFS COM 185899101 3,157,345 793,800 33.59 22,796 -9.61 2.6267
2019-08-22 2019-06-30 13F CLEVELAND CLIFFS COM 185899101 2,363,545 565,405 31.44 25,219 40.39 2.7289
2019-04-15 2019-03-31 13F Cleveland Cliffs COM 185899101 1,798,140 -1,205,005 -40.12 17,963 -22.22 1.8170
2019-02-08 2018-12-31 13F Cleveland Cliffs COM 185899101 3,003,145 549,130 22.38 23,094 -25.67 2.5941
2018-10-29 2018-09-30 13F Cleveland Cliffs COM 185899101 2,454,015 -19,525 -0.79 31,068 48.99 2.2845
2018-07-26 2018-06-30 13F Cleveland Cliffs COM 185899101 2,473,540 836,590 51.11 20,852 83.28 1.5375
2018-05-03 2018-03-31 13F Cleveland Cliffs COM 185899101 1,636,950 1,471,065 886.80 11,377 851.25 0.8981
2018-02-06 2017-12-31 13F Cleveland Cliffs COM 185899101 165,885 -187,875 -53.11 1,196 -52.71 0.0877
2017-11-02 2017-09-30 13F Cleveland Cliffs COM 185899101 353,760 -1,623,075 -82.10 2,529 -81.51 0.1707
2017-07-31 2017-06-30 13F Cliffs Natural Resources COM 18683K101 1,976,835 266,235 15.56 13,680 -2.59 0.8108
2017-05-08 2017-03-31 13F Cliffs Natural Resources COM 18683K101 1,710,600 1,640,600 2,343.71 14,044 2,284.38 0.7010
2017-01-27 2016-12-31 13F Cliffs Natural Resources COM 18683K101 70,000 15,000 27.27 589 82.92 0.0271
2016-11-10 2016-09-30 13F Cliffs Natural Resources COM 18683K101 55,000 -5,000 -8.33 322 -5.29 0.0155
2016-08-11 2016-06-30 13F Cliffs Natural Resources COM 18683K101 60,000 -50,000 -45.45 340 3.03 0.0165
2016-05-26 2016-03-31 13F Cliffs Natural Resources COM 18683K101 110,000 25,000 29.41 330 146.27 0.0153
2016-02-10 2015-12-31 13F Cliffs Natural Resources COM 18683K101 85,000 0 0.00 134 -35.27 0.0056
2015-11-12 2015-09-30 13F Cliffs Natural Resources COM 18683K101 85,000 -6 -0.01 207 -43.75 0.0085
2015-08-06 2015-06-30 13F Cliffs Natural Resources COM 18683K101 85,006 2,500 3.03 368 -7.30 0.0134
2015-05-08 2015-03-31 13F Cliffs Natural Resources COM 18683K101 82,506 60,000 266.60 397 146.58 0.0151
2015-02-17 2014-12-31 13F Cliffs Natural Resources COM 18683K101 22,506 12,500 124.93 161 54.81 0.0066
2014-11-14 2014-09-30 13F Cliffs Natural Resources COM 18683K101 10,006 -601,780 -98.36 104 -99.17 0.0043
2014-05-07 2014-03-31 13F CLIFFS NAT RES INC COM COM 18683K101 611,786 55,115 9.90 12,517 -14.21 0.7367
2014-02-13 2013-12-31 13F CLIFFS NAT RES INC COM COM 18683K101 556,671 -110,146 -16.52 14,590 6.73 1.0497
2013-11-12 2013-09-30 13F CLIFFS NAT RES INC COM COM 18683K101 666,817 269,113 67.67 13,670 111.51 1.1805
2013-08-15 2013-06-30 13F/A-1 CLIFFS NAT RES INC COM COM 18683K101 397,704 397,704 6,463 0.6839
2013-08-14 2013-06-30 13F CLIFFS NAT RES INC COM COM 18683K101 397,704 6,463
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.