Phocas Financial Boosts Stake in Cleveland-Cliffs

Asset manager increases position in mining company by 47% in Q4 2025

Apr. 6, 2026 at 10:41am

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Phocas Financial Corp. raised its position in shares of Cleveland-Cliffs Inc. (NYSE:CLF) by 47.0% in the fourth quarter, according to the company's recent SEC filing. The fund now owns 474,862 shares of the mining company's stock, up from 323,994 shares previously.

Why it matters

This transaction represents a significant increase in Phocas Financial's stake in Cleveland-Cliffs, a major North American iron ore producer. The move suggests the asset manager sees growth potential in the mining company's stock despite recent market volatility in the sector.

The details

Phocas Financial purchased an additional 151,868 shares of Cleveland-Cliffs in Q4 2025, bringing its total position to 474,862 shares worth approximately $6.3 million. The mining company's stock price has fluctuated in recent months, trading between $9 and $16 per share.

  • Phocas Financial increased its Cleveland-Cliffs stake in the fourth quarter of 2025.

The players

Phocas Financial Corp.

An asset management firm that has increased its position in Cleveland-Cliffs, a major North American iron ore producer.

Cleveland-Cliffs Inc.

A leading North American producer of iron ore pellets and flat-rolled steel products.

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The takeaway

Phocas Financial's increased stake in Cleveland-Cliffs suggests the asset manager sees long-term growth potential in the mining company, despite recent market volatility in the sector. This transaction highlights the ongoing institutional investor interest in Cleveland-Cliffs as it navigates industry challenges.