BW Gestao de Investimentos Ltda.

Position in CLF — Cleveland-Cliffs Inc.

CIK 1568280 SAO PAULO, D5

Back to CLF Full portfolio

Position in CLF

as of Mar 31, 2026 · filed Apr 28, 2026 Compact

Position Value

$3,944,206

-$3,793,040 QoQ

Shares Held

466,770

-19.9% QoQ

Ownership

0.082%

of shares outstanding

% of Portfolio

0.21%

of 13F equity value

Holder Rank

—

not a current holder

Holding Since

Dec 2025

2 quarters on record

Voting authority Sole 100% Shared 0% None 0%

Common Shares in CLF Over Time

Shares Held

Position Value (USD)

Derivatives in CLF

reported options exposure · as of Dec 31, 2025

CallValue

$8,622,704

CallShares

649,300

PutValue

PutShares

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 Jun 30, 2026

BW Gestao de Investimentos Ltda. holds $33,179,159 across 5 Steel names.

#	Ticker	Company	Shares	Value (USD)
1	NUE	Nucor Corp	63,796	$14,210,559
2	GGB	Gerdau S.A.	1,830,489	$7,395,175
3	RS	Reliance, Inc.	18,699	$6,985,946
4	MT	ArcelorMittal	58,452	$3,519,979
5	TX	Ternium S.A.	25,000	$1,067,500

All Filings in CLF

Export CSV

3 filing rows on record

Report Date	Value (USD)	Shares	Change	Type	Discretion	Filed
2026-03-31	$3,944,206	466,770	-19.9%	Shares	Sole	2026-04-28
2025-12-31	$8,622,704	649,300	—	Call	Sole	2026-02-10
2025-12-31	$7,737,246	582,624	—	Shares	Sole	2026-02-10
No filing history on record for this holder in this stock.