William Harnisch’s Peconic Partners is Buying These 5 Stocks

4. Cleveland-Cliffs Inc. (NYSE:CLF)

Peconic Partners’ Stake Value: $71,877,000

Percentage of Peconic Partners’ 13F Portfolio: 7.19%

Number of Hedge Fund Holders: 44

Cleveland-Cliffs Inc. (NYSE:CLF) is one of the biggest steel enterprises that was founded way back in 1847 by Samuel Mather and his associates. The company started as Cleveland Iron Manufacturing Company and it is now being run by C. Lourenco Goncalves as its chairman, CEO, and president. Cleveland-Cliffs recently entered the scraping business following the acquisition of Ferrous Processing and Trading Company for a total of $775 million. Keeping up with the global efforts to promote sustainability, the company has pledged to reduce its greenhouse gas emissions by 25% by 2030.