State Street Corporation (NYSE: CLF custodian) reports 5.8% Cleveland-Cliffs stake

Rhea-AI Filing Summary

State Street Corporation reports a significant passive ownership stake in Cleveland-Cliffs Inc. common stock. As of June 30, 2026, State Street beneficially owned 33,248,560 shares of Cleveland-Cliffs, representing 5.8% of the outstanding common stock.

State Street reports no sole voting or dispositive power over these shares. Instead, it has shared voting power over 31,764,246 shares and shared dispositive power over 33,248,560 shares, primarily through subsidiaries such as SSGA Funds Management, Inc. and State Street Global Advisors entities. The filing identifies State Street as a parent holding company with investment adviser and bank subsidiaries exercising the reported powers.

Key Figures

Beneficially owned shares: 33,248,560 shares Percent of class: 5.8% Shared voting power: 31,764,246 shares +3 more

6 metrics

Beneficially owned shares 33,248,560 shares Cleveland-Cliffs common stock beneficially owned by State Street as of June 30, 2026

Percent of class 5.8% Portion of Cleveland-Cliffs common stock class held by State Street

Shared voting power 31,764,246 shares Cleveland-Cliffs shares over which State Street has shared power to vote

Shared dispositive power 33,248,560 shares Cleveland-Cliffs shares over which State Street has shared power to dispose

CUSIP 185899101 CUSIP for Cleveland-Cliffs Inc. common stock reported in the ownership filing

Signature date 08/07/2026 Date the ownership report was signed by Senior Vice President, Chief Accounting Officer

Key Terms

beneficially owned, shared voting power, shared dispositive power, Investment Company Act of 1940, +1 more

5 terms

beneficially owned financial

"Amount beneficially owned: 33248560.00"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

shared voting power financial

"Shared Voting Power 31,764,246.00"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

shared dispositive power financial

"Shared Dispositive Power 33,248,560.00"

Investment Company Act of 1940 regulatory

"investment company registered under the Investment Company Act of 1940"

A U.S. federal law that sets the rulebook for pooled investment vehicles such as mutual funds, exchange-traded funds and similar money managers, requiring them to register with regulators, disclose holdings and fees, limit conflicts of interest, and follow governance standards. It matters to investors because these protections and transparency rules act like a referee and scoreboard, helping people compare funds, trust that managers follow fair practices, and spot hidden costs or risks.

parent holding company financial

"If a parent holding company has filed this schedule"

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

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FAQ

What percentage of Cleveland-Cliffs (CLF) does State Street Corporation own?

State Street Corporation beneficially owns 5.8% of Cleveland-Cliffs Inc. common stock, representing 33,248,560 shares. This stake is reported as of June 30, 2026 and reflects a significant institutional ownership position.

How many Cleveland-Cliffs (CLF) shares does State Street report voting power over?

State Street reports shared voting power over 31,764,246 Cleveland-Cliffs shares and no sole voting power. Voting authority is exercised collectively through its subsidiaries acting as investment advisers and custodial entities.

What is the total number of Cleveland-Cliffs (CLF) shares State Street can dispose of?

State Street has shared dispositive power over 33,248,560 Cleveland-Cliffs shares and no sole dispositive power. Dispositive power refers to the authority to decide whether and how these shares may be sold or otherwise transferred.

Which State Street subsidiaries hold Cleveland-Cliffs (CLF) shares?

Subsidiaries involved include SSGA Funds Management, Inc., State Street Bank and Trust Company, and several State Street Global Advisors entities in Europe, the UK, Singapore, and the U.S., acting mainly as investment advisers or banks.

Is State Street’s 5.8% Cleveland-Cliffs (CLF) stake held on behalf of other investors?

The filing notes that Item 6 is not applicable, meaning no specific other person is identified as entitled to more than 5% of dividends or sale proceeds from these shares, beyond typical clients of funds and advisory accounts.

What type of security in Cleveland-Cliffs (CLF) does State Street hold?

State Street’s reported position is in common stock of Cleveland-Cliffs Inc., identified by CUSIP 185899101. The reported ownership and voting powers all relate to this class of equity securities.

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)

06/30/2026

(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 31,764,246.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 33,248,560.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

33,248,560.00

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)

5.8 %

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: 33248560.00
(b)	Percent of class: 5.8 %
(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: 31,764,246
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 33,248,560
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 BANK AND TRUST COMPANY (BK);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:	08/07/2026