This $96 Million Steel Bet Signals Conviction in Cleveland-Cliffs Despite a $1.4 Billion Annual Loss
Source: Motley Fool
2026-02-12 18:07:52 ET
Turiya Advisors Asia Ltd initiated a new position in Cleveland-Cliffs (NYSE:CLF) during the fourth quarter, acquiring 7,250,000 shares in a trade estimated at $96.28 million, according to a February 11 SEC filing.
According to an SEC filing dated February 11, Turiya Advisors Asia Ltd established a new position in Cleveland-Cliffs by purchasing 7,250,000 shares. The fund’s quarter-end stake was valued at $96.28 million.
This was a new position, now comprising 14.75% of Turiya Advisors Asia Ltd’s 13F reportable assets under management as of December 31.
Cleveland-Cliffs Inc.
NASDAQ: CLF
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4.66% G/L:
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This $96 Million Steel Bet Signals Conviction in Cleveland-Cliffs Despite a $1.4 Billion Annual Loss
CLF Stock Data
$7,098,509,760
560,351,626
1.02%
252
N/A
Steel
Materials
US
Cleveland
