Caption Management, LLC

Position in CLF — Cleveland-Cliffs Inc.

CIK 1706766 OKLAHOMA CITY, OK

Back to CLF Full portfolio

Position in CLF

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

Position Value

$517,562

+$517,562 QoQ

Shares Held

61,250

Ownership

0.011%

of shares outstanding

% of Portfolio

0.03%

of 13F equity value

Holder Rank

—

not a current holder

Holding Since

Sep 2020

18 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 Jun 30, 2025

CallValue

$950,000

CallShares

125,000

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 Mar 31, 2026

Caption Management, LLC holds $2,879,621 across 4 Steel names. CLF ranks #3 (18.0% of the industry book) .

#	Ticker	Company	Shares	Value (USD)
1	MT	ArcelorMittal	28,241	$1,467,967
2	SID	National Steel Co	663,426	$822,648
3	CLF	Cleveland-Cliffs Inc. This page	61,250	$517,562
4	ASTL	Algoma Steel Group Inc.	17,299	$71,444

All Filings in CLF

Export CSV

32 filing rows on record

Report Date	Value (USD)	Shares	Change	Type	Discretion	Filed
2026-03-31	$517,562	61,250	-51.0%	Shares	Sole	2026-05-15
2025-06-30	$950,000	125,000	-79.2%	Call	Sole	2025-08-14
2025-03-31	$4,932,000	600,000	+769.8%	Call	Sole	2025-05-15
2024-12-31	$648,440	68,983	-90.1%	Shares	Sole	2025-02-14
2024-12-31	$6,580,000	700,000	+16.7%	Call	Sole	2025-02-14
2024-09-30	$7,662,000	600,000	0.0%	Call	Sole	2024-11-14
2024-06-30	$9,234,000	600,000	+2300.0%	Call	Sole	2024-08-14
2023-09-30	$390,750	25,000	-87.5%	Shares	Sole	2023-11-14
2023-09-30	$3,126,000	200,000	0.0%	Call	Sole	2023-11-14
2023-06-30	$3,352,000	200,000	+354.5%	Call	Sole	2023-08-14
2023-06-30	$737,440	44,000	-87.5%	Shares	Sole	2023-08-14
2022-12-31	$5,651,388	350,800	+2922.6%	Call	Sole	2023-02-14
2022-09-30	$156,332	11,606	-94.5%	Shares	Sole	2022-11-14
2022-09-30	$2,839,476	210,800	+40.5%	Call	Sole	2022-11-14
2022-06-30	$2,305,500	150,000	-81.6%	Call	Sole	2022-08-15
2022-06-30	$12,543,457	816,100	+5.0%	Put	Sole	2022-08-15
2022-06-30	$11,947,101	777,300	+21.5%	Shares	Sole	2022-08-15
2022-03-31	$20,614,400	640,000	+3778.8%	Shares	Sole	2022-05-13
2022-03-31	$531,465	16,500	-98.0%	Call	Sole	2022-05-13
2022-03-31	$26,286,581	816,100	-43.5%	Put	Sole	2022-05-13
2021-12-31	$31,422,818	1,443,400	+47.8%	Call	Sole	2022-02-11
2021-12-31	$21,256,228	976,400	-32.5%	Put	Sole	2022-02-11
2021-09-30	$28,669,032	1,447,200	+70.3%	Call	Sole	2021-11-12
2021-09-30	$16,836,519	849,900	+324.9%	Put	Sole	2021-11-12
2021-06-30	$4,312,000	200,000	-86.2%	Put	Sole	2021-08-16
2021-06-30	$31,201,632	1,447,200	-0.2%	Call	Sole	2021-08-16
2021-03-31	$29,151,456	1,449,600	+624.8%	Call	Sole	2021-05-17
2021-03-31	$4,022,000	200,000	0.0%	Put	Sole	2021-05-17
2020-12-31	$2,912,000	200,000	+1182.1%	Put	Sole	2021-02-16
2020-12-31	$227,136	15,600	-98.9%	Shares	Sole	2021-02-16
2020-12-31	$20,893,600	1,435,000	+156.2%	Call	Sole	2021-02-16
2020-09-30	$3,595,200	560,000	—	Shares	Sole	2020-11-16
No filing history on record for this holder in this stock.