Cleveland-Cliffs (CLF) reported third-quarter 2026 revenue of $5.6 billion and GAAP net income of $165 million for the period ended September 30. GAAP earnings were $0.27 per basic share and $0.26 per diluted share.
Steel shipments totaled 4.2 million net tons. The company reported $3.2 billion of liquidity as of September 30 and projected fourth-quarter adjusted EBITDA of approximately $715 million.
- Third-quarter revenue was $5.612 billion, compared with $5.226 billion in the second quarter.
- Net income attributable to Cliffs shareholders was $152 million.
- Steelmaking segment revenue was $5.447 billion, with average steel product selling prices of $1,177 per net ton.
- Fourth-quarter adjusted EBITDA guidance is approximately $715 million.
- The company said it expects 2027 adjusted EBITDA to exceed $4 billion based on contract changes and prevailing price forecasts.
$CLF Insider Trading Activity
$CLF insiders have traded $CLF stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $CLF stock by insiders over the last 6 months:
- CELSO L JR GONCALVES (EVP, CFO) sold 214,308 shares for an estimated $2,874,641
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$CLF Hedge Fund Activity
We have seen 262 institutional investors add shares of $CLF stock to their portfolio, and 267 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- MAPLE ROCK CAPITAL PARTNERS INC. removed 17,662,400 shares (-85.1%) from their portfolio in Q2 2026, for an estimated $165,849,936
- SLATE PATH CAPITAL LP added 9,166,100 shares (+47.6%) to their portfolio in Q2 2026, for an estimated $86,069,679
- SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 7,897,840 shares (+inf%) to their portfolio in Q2 2026, for an estimated $74,160,717
- TURIYA ADVISORS ASIA LTD removed 7,655,711 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $71,887,126
- POINTSTATE CAPITAL LP added 6,582,026 shares (+inf%) to their portfolio in Q2 2026, for an estimated $61,805,224
- AVALA GLOBAL LP added 6,211,390 shares (+inf%) to their portfolio in Q2 2026, for an estimated $58,324,952
- ENCOMPASS CAPITAL ADVISORS LLC added 5,113,625 shares (+inf%) to their portfolio in Q2 2026, for an estimated $48,016,938
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
