Cleveland-Cliffs Inc.
MX ˙ BMV ˙ US1858991011
SecurityMX:CLF / Cleveland-Cliffs Inc.
InstitutionNorthern Trust Corp
Latest Disclosed Ownership4,571,385 shares
Latest Disclosed Value $ 38,628,204
Northern Trust Corp reports 2.58% increase in ownership of CLF / Cleveland-Cliffs Inc.

On May 14, 2026 - Northern Trust Corp filed a 13F-HR form disclosing ownership of 4,571,385 shares of Cleveland-Cliffs Inc. (MX:CLF) valued at $38,628,204 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 4,456,544 shares of Cleveland-Cliffs Inc.. This represents a change in shares of 2.58% 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 INC COM 185899101 4,571,385 114,841 2.58 38,628 -34.73 0.0010
2026-02-17 2025-12-31 13F CLEVELAND-CLIFFS INC COM 185899101 4,456,544 418,581 10.37 59,183 20.13 0.0075
2025-11-14 2025-09-30 13F CLEVELAND-CLIFFS INC COM 185899101 4,037,963 139,862 3.59 49,263 66.29 0.0063
2025-08-13 2025-06-30 13F CLEVELAND-CLIFFS INC COM 185899101 3,898,101 -116,335 -2.90 29,626 -10.22 0.0041
2025-05-13 2025-03-31 13F CLEVELAND-CLIFFS INC COM 185899101 4,014,436 54,244 1.37 32,999 -11.36 0.0049
2025-02-14 2024-12-31 13F CLEVELAND-CLIFFS INC COM 185899101 3,960,192 779,099 24.49 37,226 -8.36 0.0053
2024-11-13 2024-09-30 13F CLEVELAND-CLIFFS INC COM 185899101 3,181,093 -742,555 -18.93 40,623 -32.73 0.0066
2024-08-14 2024-06-30 13F CLEVELAND-CLIFFS INC COM 185899101 3,923,648 468,243 13.55 60,385 -23.15 0.0102
2024-05-14 2024-03-31 13F CLEVELAND-CLIFFS INC COM 185899101 3,455,405 -383,136 -9.98 78,576 0.24 0.0136
2024-02-13 2023-12-31 13F CLEVELAND-CLIFFS INC COM 185899101 3,838,541 -152,800 -3.83 78,383 25.65 0.0142
2023-11-13 2023-09-30 13F CLEVELAND-CLIFFS INC COM 185899101 3,991,341 -154,076 -3.72 62,385 -10.21 0.0121
2023-08-11 2023-06-30 13F CLEVELAND-CLIFFS INC COM 185899101 4,145,417 -281,295 -6.35 69,477 -14.37 0.0134
2023-05-15 2023-03-31 13F CLEVELAND-CLIFFS INC COM 185899101 4,426,712 60,586 1.39 81,142 15.36 0.0161
2023-02-13 2022-12-31 13F CLEVELAND-CLIFFS INC COM 185899101 4,366,126 -80,898 -1.82 70,338 17.42 0.0148
2022-11-14 2022-09-30 13F CLEVELAND-CLIFFS INC COM 185899101 4,447,024 174,692 4.09 59,902 -8.78 0.0137
2022-08-12 2022-06-30 13F CLEVELAND-CLIFFS INC COM 185899101 4,272,332 775,554 22.18 65,666 -41.70 0.0141
2022-05-13 2022-03-31 13F CLEVELAND-CLIFFS INC COM 185899101 3,496,778 53,604 1.56 112,631 50.26 0.0198
2022-02-08 2021-12-31 13F CLEVELAND-CLIFFS INC COM 185899101 3,443,174 -57,483 -1.64 74,958 8.09 0.0123
2021-11-15 2021-09-30 13F CLEVELAND-CLIFFS INC COM 185899101 3,500,657 -261,048 -6.94 69,348 -14.49 0.0123
2021-08-13 2021-06-30 13F CLEVELAND-CLIFFS INC COM 185899101 3,761,705 -3,480,096 -48.06 81,102 -44.31 0.0143
2021-05-12 2021-03-31 13F CLEVELAND-CLIFFS INC COM 185899101 7,241,801 2,489,493 52.38 145,633 110.47 0.0271
2021-02-11 2020-12-31 13F CLEVELAND-CLIFFS INC COM 185899101 4,752,308 -171,880 -3.49 69,194 118.88 0.0135
2020-11-16 2020-09-30 13F CLEVELAND-CLIFFS INC COM 185899101 4,924,188 -200,020 -3.90 31,613 11.77 0.0069
2020-08-14 2020-06-30 13F CLEVELAND CLIFFS COM 185899101 5,124,208 -1,396,381 -21.41 28,285 9.82 0.0067
2020-05-14 2020-03-31 13F CLEVELAND CLIFFS COM 185899101 6,520,589 1,643,853 33.71 25,756 -37.13 0.0074
2020-02-14 2019-12-31 13F CLEVELAND CLIFFS COM 185899101 4,876,736 -209,887 -4.13 40,966 11.55 0.0092
2019-11-13 2019-09-30 13F CLEVELAND CLIFFS COM 185899101 5,086,623 -124,210 -2.38 36,725 -33.95 0.0088
2019-08-13 2019-06-30 13F CLEVELAND CLIFFS COM 185899101 5,210,833 -98,334 -1.85 55,599 4.83 0.0132
2019-05-13 2019-03-31 13F CLEVELAND CLIFFS COM 185899101 5,309,167 -61,137 -1.14 53,038 28.43 0.0131
2019-02-12 2018-12-31 13F CLEVELAND CLIFFS COM 185899101 5,370,304 760,768 16.50 41,298 -29.23 0.0116
2018-11-14 2018-09-30 13F CLEVELAND CLIFFS COM 185899101 4,609,536 1,022,159 28.49 58,357 92.97 0.0143
2018-09-18 2018-06-30 13F/A-1 CLEVELAND CLIFFS COM 185899101 3,587,377 62,128 1.76 30,242 23.43 0.0077
2018-08-14 2018-06-30 13F CLEVELAND CLIFFS COM 185899101 3,606,704 81,455 30,405
2018-05-09 2018-03-31 13F CLEVELAND CLIFFS COM 185899101 3,525,249 13,074 0.37 24,501 -3.25 0.0064
2018-02-14 2017-12-31 13F CLEVELAND CLIFFS COM 185899101 3,512,175 -1,507,775 -30.04 25,323 -29.45 0.0064
2017-11-13 2017-09-30 13F CLEVELAND CLIFFS COM 185899101 5,019,950 42,231 0.85 35,893 4.20 0.0094
2017-08-11 2017-06-30 13F CLIFFS NAT RES COM 18683K101 4,977,719 717,021 16.83 34,446 -1.53 0.0096
2017-05-12 2017-03-31 13F CLIFFS NAT RES COM 18683K101 4,260,698 1,678,563 65.01 34,980 61.08 0.0101
2017-02-13 2016-12-31 13F CLIFFS NAT RES COM 18683K101 2,582,135 103,083 4.16 21,716 49.73 0.0067
2016-11-09 2016-09-30 13F CLIFFS NAT RES COM 18683K101 2,479,052 487,732 24.49 14,503 28.45 0.0045
2016-08-12 2016-06-30 13F CLIFFS NAT RES COM 18683K101 1,991,320 90,855 4.78 11,291 100.16 0.0037
2016-08-19 2016-03-31 13F/A-1 CLIFFS NAT RES COM 18683K101 1,900,465 108,476 6.05 5,641 99.26 0.0019
2016-05-13 2016-03-31 13F Cliffs Natural Resource COMM 18683K101 1,900,455 5,701
2016-02-12 2015-12-31 13F Cliffs Natural Resource COMM 18683K101 1,791,989 77,935 4.55 2,831 -32.32 0.0009
2015-11-12 2015-09-30 13F Cliffs Natural Resource COMM 18683K101 1,714,054 896,020 109.53 4,183 18.10 0.0014
2015-08-13 2015-06-30 13F CLIFFS NAT RES COM 18683K101 818,034 -538,905 -39.71 3,542 -45.73 0.0024
2015-05-14 2015-03-31 13F Cliffs Natural Resource COMM 18683K101 1,356,939 91,421 7.22 6,527 -27.77 0.0020
2015-02-12 2014-12-31 13F Cliffs Natural Resource COM 18683K101 1,265,518 -13,378 -1.05 9,036 -31.93 0.0027
2014-11-13 2014-09-30 13F Cliffs Natural Resource COMM 18683K101 1,278,896 1,052 0.08 13,275 -30.98 0.0042
2014-08-14 2014-06-30 13F CLIFFS NAT RES com 18683K101 1,277,844 -127,854 -9.10 19,233 -33.13 0.0060
2014-05-14 2014-03-31 13F CLIFFS NAT RES COMM 18683K101 1,405,698 -183,525 -11.55 28,761 -30.95 0.0090
2014-02-21 2013-12-31 13F/A-1 CLIFFS NAT RES COM 18683K101 1,589,223 4,908 0.31 41,652 28.24 0.0134
2014-02-12 2013-12-31 13F CLIFFS NAT RES COM 18683K101 1,589,223 41,652
2013-11-13 2013-09-30 13F CLIFFS NAT RES COM 18683K101 1,584,315 -52,034 -3.18 32,479 22.14 0.0114
2013-08-09 2013-06-30 13F CLIFFS NAT RES COM 18683K101 1,636,349 1,636,349 26,591 0.0096
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.