TWO SIGMA INVESTMENTS, LP

Position in CLF — Cleveland-Cliffs Inc.

CIK 1179392 NEW YORK, NY

Back to CLF Full portfolio

Position in CLF

as of Mar 31, 2026 · filed May 15, 2026 Compact

Position Value

$117,640,866

+$53,987,516 QoQ

Shares Held

13,921,996

+190.5% QoQ

Ownership

2.44%

of shares outstanding

% of Portfolio

0.11%

of 13F equity value

Holder Rank

—

not a current holder

Holding Since

Mar 2020

20 quarters on record

Voting authority Sole 99% Shared 0% None 1%

Common Shares in CLF Over Time

Shares Held

Position Value (USD)

Derivatives in CLF

reported options exposure · as of Mar 31, 2026

CallValue

$2,245,165

CallShares

265,700

PutValue

$1,799,850

PutShares

213,000

Notional value of option positions as reported on Form 13F. Calls and puts are disclosed separately and do not net against the common-share stake above.

Position in Steel

Basic Materials · as of Mar 31, 2026

TWO SIGMA INVESTMENTS, LP holds $267,204,253 across 12 Steel names. CLF ranks #1 (44.0% of the industry book) .

#	Ticker	Company	Shares	Value (USD)
1	CLF	Cleveland-Cliffs Inc. This page	13,921,996	$117,640,866
2	GGB	Gerdau S.A.	25,839,720	$93,281,389
3	RS	Reliance, Inc.	78,415	$23,831,886
4	NUE	Nucor Corp	80,775	$13,659,052
5	MTUS	Metallus Inc.	550,873	$9,001,264
6	NWPX	NWPX Infrastructure, Inc.	62,403	$4,858,697
7	WS	Worthington Steel, Inc.	61,300	$1,860,455
8	ASTL	Algoma Steel Group Inc.	269,900	$1,114,687

All Filings in CLF

Export CSV

38 filing rows on record

Report Date	Value (USD)	Shares	Change	Type	Discretion	Filed
2026-03-31	$1,799,850	213,000	-19.8%	Put	Sole	2026-05-15
2026-03-31	$2,245,165	265,700	-98.1%	Call	Sole	2026-05-15
2026-03-31	$117,640,866	13,921,996	+9879.9%	Shares	Sole	2026-05-15
2025-12-31	$1,852,560	139,500	-97.1%	Call	Sole	2026-02-17
2025-12-31	$63,653,350	4,793,174	+3461.1%	Shares	Sole	2026-02-17
2025-12-31	$1,787,488	134,600	-89.7%	Put	Sole	2026-02-17
2025-09-30	$15,955,892	1,307,860	+1840.4%	Shares	Sole	2025-11-14
2025-09-30	$822,280	67,400	+19.3%	Put	Sole	2025-11-14
2025-09-30	$689,300	56,500	-93.0%	Call	Sole	2025-11-14
2025-06-30	$6,178,214	812,923	+52.1%	Shares	Sole	2025-08-14
2025-03-31	$4,392,176	534,328	+536.5%	Shares	Sole	2025-05-15
2024-06-30	$1,292,036	83,953	-49.0%	Shares	Sole	2024-08-14
2024-03-31	$3,743,959	164,642	-95.6%	Shares	Sole	2024-05-15
2023-12-31	$76,172,848	3,730,306	+931.7%	Shares	Sole	2024-02-14
2023-09-30	$5,651,448	361,577	+192.2%	Shares	Sole	2023-11-14
2023-06-30	$2,074,066	123,751	-85.4%	Shares	Sole	2023-08-14
2023-03-31	$15,528,277	847,151	-51.8%	Shares	Sole	2023-05-15
2022-03-31	$56,659,902	1,759,078	+100.1%	Shares	Sole	2022-05-16
2021-12-31	$19,133,653	878,900	+10.7%	Call	Sole	2022-02-14
2021-12-31	$17,276,672	793,600	+330.1%	Put	Sole	2022-02-14
2021-09-30	$3,654,945	184,500	-87.4%	Put	Sole	2021-11-15
2021-09-30	$28,948,788	1,461,322	+712.7%	Shares	Sole	2021-11-15
2021-09-30	$3,561,838	179,800	-71.1%	Call	Sole	2021-11-15
2021-06-30	$13,414,545	622,196	+216.8%	Shares	Sole	2021-08-16
2021-06-30	$4,234,384	196,400	+36.3%	Call	Sole	2021-08-16
2021-06-30	$3,106,796	144,100	-91.4%	Put	Sole	2021-08-16
2021-03-31	$33,731,991	1,677,374	+209.8%	Shares	Sole	2021-05-17
2021-03-31	$10,887,554	541,400	-25.4%	Put	Sole	2021-05-17
2021-03-31	$14,585,783	725,300	-13.3%	Call	Sole	2021-05-17
2020-12-31	$12,174,839	836,184	+172.5%	Shares	Sole	2021-02-16
2020-12-31	$4,468,464	306,900	+24.4%	Put	Sole	2021-02-16
2020-12-31	$3,593,408	246,800	+265.1%	Call	Sole	2021-02-16
2020-09-30	$433,992	67,600	-9.3%	Put	Sole	2020-11-16
2020-09-30	$478,290	74,500	+37.5%	Call	Sole	2020-11-16
2020-06-30	$299,184	54,200	-20.1%	Put	Sole	2020-08-14
2020-06-30	$374,256	67,800	+123.8%	Call	Sole	2020-08-14
2020-03-31	$119,685	30,300	-11.7%	Call	Sole	2020-05-15
2020-03-31	$135,485	34,300	—	Put	Sole	2020-05-15
No filing history on record for this holder in this stock.