Cleveland-Cliffs Inc. (NYSE: CLF) has surged 46.9% over the 72-day period from 31 March 2026 to 10 June 2026, rising from $8.45 to $12.41 per share. The gain has added approximately $2.3 billion in market capitalisation, bringing CLF's market value to $7.1 billion. CLF ranks as the top gainer by percentage price increase among the top 20 largest holdings by market capitalisation in the portfolio of Contrarian Capital Management LLC (CIK: 0001050417).

The overall market value of Contrarian Capital Management's disclosed holdings has increased by $26 million, or 9.7%, in the 71 days from 31 March to 10 June 2026. The fund reported assets under management of $357 million as at 31 March 2026, based on its SEC Form 13F filed on 14 May 2026. AUM fell sequentially by $23 million, or 6.1%, during Q1 2026 from the $380 million reported at the end of Q4 2025.

Among other top gainers in the fund's disclosed holdings over the same 72-day period, Macy's Inc. (NYSE: M) rose 28.0%, National CineMedia Inc. (NASDAQ: NCMI) gained 18.2%, Caesars Entertainment Inc. (NASDAQ: CZR) added 11.5%, and Century Casinos Inc. (NASDAQ: CNTY) was up 4.3%.

CLF shares closed at $12.41 on 10 June 2026, within a 52-week range of $6.72 to $16.96. Average daily trading volume is approximately 20.8 million shares. CLF reported a loss per share of negative $2.91 for fiscal year 2025. Institutional ownership stands at 71.9% of shares outstanding. A one-year investment of $1,000 in CLF would have returned approximately $1,547, reflecting a total shareholder return of 54.7%.

CLF is headquartered in Cleveland, Ohio, and operates as a leading North American producer of iron ore and steel, primarily serving the automotive, construction, and infrastructure sectors. CLF is ranked sixth among 10 iron and steel companies on the NYSE by market capitalisation.