State Street Reports 6.9% Stake in Cleveland-Cliffs

State Street Corporation reported beneficial ownership of 39,311,243 shares of Cleveland-Cliffs Inc. common stock, representing 6.9% of the class as of 03/31/2026, in a Schedule 13G filing.

Rhea-AI Filing Summary

State Street Corporation reported beneficial ownership of 39,311,243 shares of Cleveland-Cliffs Inc. common stock, representing 6.9% of the class as of 03/31/2026, in a Schedule 13G filing. The filing shows shared voting power of 37,829,058 shares and shared dispositive power of 39,311,243 shares, held by multiple State Street advisory subsidiaries listed in the schedule. The filing is signed by a State Street officer on 05/12/2026.

Insights

Institutional Ownership Analyst

State Street holds a sizable 6.9% stake in Cleveland-Cliffs as of 03/31/2026.

State Street's Schedule 13G shows 39,311,243 shares beneficially owned, with shared voting power of 37,829,058. The stake is reported through multiple State Street advisory entities, indicating aggregated institutional custody or advisory positions rather than a single discretionary holder.

Implications depend on client mandates and passive vs. active classifications; subsequent filings could show changes in voting or disposition if strategy shifts.

Corporate Governance Expert

Shared voting and dispositive power suggests State Street acts in a fiduciary/advisory capacity for clients.

The filing lists State Street subsidiaries (e.g., SSGA Funds Management, State Street Global Advisors Limited) as the entities through which holdings are held, consistent with investment adviser reporting. The Schedule 13G classification typically signals passive investor intent under applicable rules.

Watch for any future amendments or Schedule 13D filings that would indicate activist intent or changes to voting arrangements; timing not specified in the excerpt.

Key Figures

Filing type: Schedule 13G Beneficial ownership: 39,311,243 shares Percent of class: 6.9% +4 more

7 metrics

Filing type Schedule 13G reporting beneficial ownership

Beneficial ownership 39,311,243 shares Amount beneficially owned as of <date>03/31/2026</date>

Percent of class 6.9% Percent of common stock outstanding

Shared voting power 37,829,058 shares Shared power to vote (Item 4)

Shared dispositive power 39,311,243 shares Shared power to dispose (Item 4)

Reporting date 03/31/2026 Date tied to the reported ownership

CUSIP 185899101 Cleveland-Cliffs common stock identifier

Key Terms

Schedule 13G, Beneficial ownership, Shared Dispositive Power, Investment Adviser (IA)

4 terms

Schedule 13G regulatory

"Item 1. Name of issuer: CLEVELAND-CLIFFS INC (used as filing classification)"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

Beneficial ownership financial

"Item 4. Ownership (a) Amount beneficially owned: 39311243.00"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

Shared Dispositive Power regulatory

"Item 4. (iv) Shared power to dispose or to direct the disposition of: 39,311,243"

Investment Adviser (IA) regulatory

"Item 7. SSGA FUNDS MANAGEMENT, INC. (IA);STATE STREET GLOBAL ADVISORS LIMITED (IA)"

An investment adviser (IA) is a person or firm that provides personalized guidance on buying, selling, or holding investments and often manages client portfolios for a fee. Investors should care because an IA has a legal duty to act in the client's best interest—think of them as a navigator who plans and steers your financial journey—so their advice, fee structure and potential conflicts can directly affect returns and financial risk.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What stake does State Street report in Cleveland-Cliffs (CLF)?

State Street reports beneficial ownership of 39,311,243 shares, representing 6.9% of common stock as of 03/31/2026. The filing attributes shared voting power of 37,829,058 and shared dispositive power of 39,311,243 across State Street advisory entities.

Is this Schedule 13G an active or passive ownership filing for CLF?

The filing is a Schedule 13G, which normally indicates passive investor reporting rather than active solicitation. It lists multiple State Street advisory subsidiaries, consistent with institutional advisory or custody arrangements rather than an activist acquisition.

Which State Street entities hold the CLF shares?

The reported holders include SSGA Funds Management, Inc.; State Street Global Advisors Europe Limited; State Street Global Advisors Limited; State Street Global Advisors Singapore Limited and related advisory entities, as listed in Item 7 of the filing.

What voting and dispositive powers are reported by State Street for CLF?

State Street reports 0 sole voting power, 37,829,058 shared voting power, 0 sole dispositive power, and 39,311,243 shared dispositive power for the reported shares as shown in Item 4.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 05/12/2026 - 10:22 AM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

CLEVELAND-CLIFFS INC

(Name of Issuer)

COMMON STOCK

(Title of Class of Securities)

185899101

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 185899101

1

Names of Reporting Persons

STATE STREET CORPORATION

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

MASSACHUSETTS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 37,829,058.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 39,311,243.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

39,311,243.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.9 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: CLEVELAND-CLIFFS INC
(b)	Address of issuer's principal executive offices: 200 PUBLIC SQUARE SUITE 3300, CLEVELAND, OHIO, 44114
Item 2.
(a)	Name of person filing: STATE STREET CORPORATION;
(b)	Address or principal business office or, if none, residence: ONE CONGRESS STREET, SUITE 1, BOSTON MA 02114, UNITED STATES
(c)	Citizenship: MA
(d)	Title of class of securities: COMMON STOCK
(e)	CUSIP Number(s): 185899101
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 39311243.00
(b)	Percent of class: 6.9 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 37,829,058
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 39,311,243
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. NOT APPLICABLE
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. SSGA FUNDS MANAGEMENT, INC. (IA);STATE STREET GLOBAL ADVISORS EUROPE LIMITED (IA);STATE STREET GLOBAL ADVISORS LIMITED (IA);STATE STREET GLOBAL ADVISORS SINGAPORE LIMITED (IA);STATE STREET GLOBAL ADVISORS TRUST COMPANY (IA);STATE STREET GLOBAL ADVISORS, LTD. (IA);
Item 8.	Identification and Classification of Members of the Group.
	If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(K), so indicate under Item 3(k) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group. NOT APPLICABLE
Item 9.	Notice of Dissolution of Group.
	Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5. NOT APPLICABLE

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

STATE STREET CORPORATION

Signature:	ELIZABETH SCHAEFER
Name/Title:	SENIOR VICE PRESIDENT, CHIEF ACCOUNTING OFFICER
Date:	05/12/2026