Institutional Investors Reduce Exposure to Cleveland-Cliffs Amid Steep Price Decline Cleveland-Cliffs Inc. has seen its share price plummet nearly 65% year-over-year, falling from $20.83 to $7.30. Despite this, institutional ownership remains high, with over 83% of shares held by major investors. Portfolio allocations, however, dropped by over 7%, indicating cautious sentiment among institutions.12