Cleveland-Cliffs Inc.
MX ˙ BMV ˙ US1858991011
SecurityMX:CLF / Cleveland-Cliffs Inc.
InstitutionNeuberger Berman Group LLC
Latest Disclosed Ownership4,494,682 shares
Latest Disclosed Value $ 37,920,704
Neuberger Berman Group LLC reports 1.90% decrease in ownership of CLF / Cleveland-Cliffs Inc.

On May 14, 2026 - Neuberger Berman Group LLC filed a 13F-HR form disclosing ownership of 4,494,682 shares of Cleveland-Cliffs Inc. (MX:CLF) valued at $37,920,704 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 4,581,942 shares of Cleveland-Cliffs Inc.. This represents a change in shares of -1.90% 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)
2026-05-14 2026-03-31 13F CLEVELAND-CLIFFS Common 185899101 4,494,682 -87,260 -1.90 37,921 -37.71 0.0148
2026-02-13 2025-12-31 13F CLEVELAND-CLIFFS Common 185899101 4,581,942 -119,654 -2.54 60,874 5.88 0.0453
2025-11-12 2025-09-30 13F CLEVELAND-CLIFFS Common 185899101 4,701,596 898,065 23.61 57,492 99.07 0.0420
2025-08-25 2025-06-30 13F/A-1 CLEVELAND-CLIFFS Common 185899101 3,803,531 -62,338 -1.61 28,880 -9.74 0.0222
2025-08-13 2025-06-30 13F CLEVELAND-CLIFFS Common 185899101 3,803,531 -62,338 28,880 0.0115
2025-05-13 2025-03-31 13F CLEVELAND-CLIFFS Common 185899101 3,865,869 47,952 1.26 31,997 -10.82 0.0268
2025-02-13 2024-12-31 13F CLEVELAND-CLIFFS Common 185899101 3,817,917 -13,436 -0.35 35,877 -26.67 0.0285
2024-11-14 2024-09-30 13F CLEVELAND-CLIFFS Common 185899101 3,831,353 146,029 3.96 48,925 -13.74 0.0382
2024-11-14 2024-06-30 13F/A-1 CLEVELAND-CLIFFS Common 185899101 3,685,324 -612,802 -14.26 56,717 -41.90 0.0466
2024-08-13 2024-06-30 13F CLEVELAND-CLIFFS Common 185899101 3,685,324 -612,802 56,717 0.0465
2024-11-14 2024-03-31 13F/A-1 CLEVELAND-CLIFFS Common 185899101 4,298,126 206,338 5.04 97,616 16.71 0.0807
2024-05-13 2024-03-31 13F CLEVELAND-CLIFFS Common 185899101 4,298,126 206,338 97,616 0.0807
2024-11-14 2023-12-31 13F/A-2 CLEVELAND-CLIFFS Common 185899101 4,091,788 47,064 1.16 83,637 32.41 0.0729
2024-02-09 2023-12-31 13F CLEVELAND-CLIFFS Common 185899101 4,091,788 47,064 83,637 0.0729
2023-11-14 2023-09-30 13F CLEVELAND-CLIFFS Common 185899101 4,044,724 -6,304 -0.16 63,165 -7.01 0.0576
2023-08-11 2023-06-30 13F CLEVELAND-CLIFFS Common 185899101 4,051,028 -5,977 -0.15 67,927 -8.58 0.0607
2023-05-12 2023-03-31 13F CLEVELAND-CLIFFS Common 185899101 4,057,005 100,503 2.54 74,299 16.41 0.0689
2023-02-13 2022-12-31 13F CLEVELAND-CLIFFS Common 185899101 3,956,502 82,563 2.13 63,828 22.15 0.0626
2022-11-15 2022-09-30 13F CLEVELAND-CLIFFS Common 185899101 3,873,939 164,078 4.42 52,254 -8.46 0.0546
2022-08-15 2022-06-30 13F CLEVELAND-CLIFFS Common 185899101 3,709,861 119,846 3.34 57,081 -50.63 0.0574
2022-05-23 2022-03-31 13F/A-1 CLEVELAND-CLIFFS Common 185899101 3,590,015 -79,360 -2.16 115,623 46.95 0.0980
2022-05-13 2022-03-31 13F CLEVELAND-CLIFFS Common 185899101 3,590,015 -79,360 113,742 0.0507
2022-02-11 2021-12-31 13F CLEVELAND-CLIFFS Common 185899101 3,669,375 11,909 0.33 78,684 9.97 0.0617
2021-11-12 2021-09-30 13F CLEVELAND-CLIFFS Common 185899101 3,657,466 -28,831 -0.78 71,549 -9.16 0.0626
2021-08-13 2021-06-30 13F CLEVELAND-CLIFFS Common 185899101 3,686,297 1,336,318 56.87 78,761 68.60 0.0687
2021-05-13 2021-03-31 13F CLEVELAND-CLIFFS Common 185899101 2,349,979 -130,028 -5.24 46,716 29.93 0.0446
2021-02-10 2020-12-31 13F CLEVELAND-CLIFFS Common 185899101 2,480,007 377,245 17.94 35,956 166.58 0.0373
2020-11-12 2020-09-30 13F CLEVELAND-CLIFFS Common 185899101 2,102,762 -34,959 -1.64 13,488 14.34 0.0160
2020-08-13 2020-06-30 13F CLEVELAND-CLIFFS Common 185899101 2,137,721 -47,004 -2.15 11,796 36.78 0.0147
2020-05-14 2020-03-31 13F CLEVELAND-CLIFFS Common 185899101 2,184,725 -10,053 -0.46 8,624 -53.22 0.0131
2020-02-12 2019-12-31 13F CLIFFS NATURAL RESOURCES Common 185899101 2,194,778 -560,118 -20.33 18,434 -7.30 0.0215
2019-11-13 2019-09-30 13F CLEVELAND-CLIFFS Common 185899101 2,754,896 179,822 6.98 19,886 -27.60 0.0243
2019-08-13 2019-06-30 13F CLIFFS NATURAL RESOURCES Common 185899101 2,575,074 -27,878 -1.07 27,466 5.66 0.0329
2019-05-13 2019-03-31 13F CLEVELAND-CLIFFS Common 185899101 2,602,952 28,507 1.11 25,994 31.26 0.0319
2019-02-12 2018-12-31 13F CLEVELAND-CLIFFS Common 185899101 2,574,445 -42,340 -1.62 19,803 -40.23 0.0276
2018-11-16 2018-09-30 13F/A-1 CLEVELAND-CLIFFS Common 185899101 2,616,785 -772,524 -22.79 33,134 15.97 0.0375
2018-11-13 2018-09-30 13F CLEVELAND-CLIFFS Common 185899101 2,616,785 -772,524 33,134
2018-08-13 2018-06-30 13F CLEVELAND-CLIFFS Common 185899101 3,389,309 -85,263 -2.45 28,570 18.37 0.0315
2018-05-08 2018-03-31 13F CLEVELAND-CLIFFS Common 185899101 3,474,572 -161,531 -4.44 24,136 -7.95 0.0276
2018-02-14 2017-12-31 13F CLEVELAND-CLIFFS Common 185899101 3,636,103 -390,899 -9.71 26,220 -8.94 0.0301
2017-11-15 2017-09-30 13F CLEVELAND-CLIFFS COMMON STOCK 185899101 4,027,002 358,686 9.78 28,793 13.43 0.0360
2017-08-08 2017-06-30 13F CLIFFS NATURAL RESOURCES COMMON STOCK 18683K101 3,668,316 96,783 2.71 25,385 -13.43 0.0326
2017-05-10 2017-03-31 13F CLIFFS NATURAL RESOURCES COMMON STOCK 18683K101 3,571,533 25,589 0.72 29,322 -1.67 0.0378
2017-02-06 2016-12-31 13F CLIFFS NATURAL RESOURCES COMMON STOCK 18683K101 3,545,944 440,381 14.18 29,821 64.14 0.0400
2016-11-02 2016-09-30 13F CLIFFS NATURAL RESOURCES COMMON STOCK 18683K101 3,105,563 456,561 17.24 18,168 20.96 0.0246
2016-08-05 2016-06-30 13F CLIFFS NATURAL RESOURCES COMMON STOCK 18683K101 2,649,002 52,004 2.00 15,020 92.79 0.0207
2016-05-06 2016-03-31 13F CLIFFS NATURAL RESOURCES COMMON STOCK 18683K101 2,596,998 260,891 11.17 7,791 111.08 0.0107
2016-01-28 2015-12-31 13F CLIFFS NATURAL RESOURCES COMMON STOCK 18683K101 2,336,107 -53,142 -2.22 3,691 -36.69 0.0048
2015-11-10 2015-09-30 13F CLIFFS NATURAL RESOURCES COMMON STOCK 18683K101 2,389,249 -431,747 -15.30 5,830 -52.27 0.0075
2015-07-31 2015-06-30 13F CLIFFS NATURAL RESOURCES COMMON STOCK 18683K101 2,820,996 2,289,786 431.05 12,215 378.08 0.0136
2015-05-06 2015-03-31 13F CLIFFS NATURAL RESOURCES COMMON STOCK 18683K101 531,210 531,210 0.00 2,555 0.0027
2015-02-05 2014-12-31 13F CLIFFS NATURAL RESOURCES COMMON STOCK 18683K101 0 -508,152 -100.00 0 -100.00
2014-11-04 2014-09-30 13F CLIFFS NATURAL RESOURCES COMMON STOCK 18683K101 508,152 1,300 0.26 5,275 -30.85 0.0054
2014-08-05 2014-06-30 13F CLIFFS NATURAL RESOURCES COMMON STOCK 18683K101 506,852 -15,560 -2.98 7,628 -28.63 0.0074
2014-05-05 2014-03-31 13F CLIFFS NATURAL RESOURCES COMMON STOCK 18683K101 522,412 178,889 52.07 10,688 18.70 0.0109
2014-02-11 2013-12-31 13F CLIFFS NATURAL RESOURCES COMMON STOCK 18683K101 343,523 -479,226 -58.25 9,004 -46.61 0.0093
2013-10-29 2013-09-30 13F/A-1 CLIFFS NATURAL RESOURCES COMMON STOCK 18683K101 822,749 719,307 695.37 16,866 903.33 0.0187
2013-08-13 2013-06-30 13F CLIFFS NATURAL RESOURCES COMMON STOCK 18683K101 103,442 103,442 1,681 0.0020
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.