CLEVELAND-CLIFFS INC NEW

Ticker: CLF CUSIP: 185899101 Class: COM

Arizona State Retirement System's Holding History (CIK: 0001558481)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 157,985 Value ($000) $2,098 Avg Close $12.63 Range $9.90 - $16.70

Q3 2025

Shares 146,374 Value ($000) $1,786 Avg Close $10.52 Range $7.42 - $13.05

Q2 2025

Shares 144,311 Value ($000) $1,097 Avg Close $7.43 Range $5.63 - $9.19

Q1 2025

Shares 141,553 Value ($000) $1,164 Avg Close $10.16 Range $7.91 - $12.26

Q4 2024

Shares 143,006 Value ($000) $1,344 Avg Close $12.05 Range $8.99 - $14.34

Q3 2024

Shares 136,909 Value ($000) $1,748 Avg Close $13.58 Range $10.21 - $16.47

Q2 2024

Shares 136,879 Value ($000) $2,107 Avg Close $17.91 Range $14.29 - $22.97

Q1 2024

Shares 138,861 Value ($000) $3,158 Avg Close $19.82 Range $17.46 - $22.78

Q4 2023

Shares 139,806 Value ($000) $2,855 Avg Close $17.12 Range $14.14 - $21.41

Q3 2023

Shares 140,525 Value ($000) $2,196 Avg Close $15.61 Range $13.84 - $18.00

Q2 2023

Shares 140,562 Value ($000) $2,356 Avg Close $15.86 Range $13.61 - $18.73

Q1 2023

Shares 149,813 Value ($000) $2,746 Avg Close $19.80 Range $16.31 - $22.83

Q4 2022

Shares 146,425 Value ($000) $2,359 Avg Close $15.06 Range $11.83 - $17.56

Q3 2022

Shares 144,076 Value ($000) $1,941 Avg Close $16.64 Range $12.90 - $20.37

Q2 2022

Shares 146,359 Value ($000) $2,250 Avg Close $23.90 Range $14.75 - $34.04

Q1 2022

Shares 128,423 Value ($000) $4,137 Avg Close $22.79 Range $15.81 - $33.34

Q4 2021

Shares 127,777 Value ($000) $2,782 Avg Close $21.54 Range $18.79 - $26.51

Q3 2021

Shares 129,232 Value ($000) $2,560 Avg Close $22.79 Range $18.51 - $26.51

Q2 2021

Shares 128,819 Value ($000) $2,777 Avg Close $19.70 Range $15.84 - $24.77

Q1 2021

Shares 137,953 Value ($000) $2,774 Avg Close $16.28 Range $12.77 - $20.34

Q4 2020

Shares 115,737 Value ($000) $1,685 Avg Close $10.12 Range $6.39 - $14.72

Q3 2020

Shares 120,272 Value ($000) $772 Avg Close $6.02 Range $4.92 - $7.32

Q2 2020

Shares 89,833 Value ($000) $496 Avg Close $4.86 Range $3.30 - $7.09

Q1 2020

Shares 93,119 Value ($000) $368 Avg Close $6.19 Range $2.59 - $8.33

Q4 2019

Shares 180,101 Value ($000) $1,513 Avg Close $7.50 Range $6.44 - $8.81

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	157,985	$2,098	$12.63	$9.90 - $16.70
Q3 2025	146,374	$1,786	$10.52	$7.42 - $13.05
Q2 2025	144,311	$1,097	$7.43	$5.63 - $9.19
Q1 2025	141,553	$1,164	$10.16	$7.91 - $12.26
Q4 2024	143,006	$1,344	$12.05	$8.99 - $14.34
Q3 2024	136,909	$1,748	$13.58	$10.21 - $16.47
Q2 2024	136,879	$2,107	$17.91	$14.29 - $22.97
Q1 2024	138,861	$3,158	$19.82	$17.46 - $22.78
Q4 2023	139,806	$2,855	$17.12	$14.14 - $21.41
Q3 2023	140,525	$2,196	$15.61	$13.84 - $18.00
Q2 2023	140,562	$2,356	$15.86	$13.61 - $18.73
Q1 2023	149,813	$2,746	$19.80	$16.31 - $22.83
Q4 2022	146,425	$2,359	$15.06	$11.83 - $17.56
Q3 2022	144,076	$1,941	$16.64	$12.90 - $20.37
Q2 2022	146,359	$2,250	$23.90	$14.75 - $34.04
Q1 2022	128,423	$4,137	$22.79	$15.81 - $33.34
Q4 2021	127,777	$2,782	$21.54	$18.79 - $26.51
Q3 2021	129,232	$2,560	$22.79	$18.51 - $26.51
Q2 2021	128,819	$2,777	$19.70	$15.84 - $24.77
Q1 2021	137,953	$2,774	$16.28	$12.77 - $20.34
Q4 2020	115,737	$1,685	$10.12	$6.39 - $14.72
Q3 2020	120,272	$772	$6.02	$4.92 - $7.32
Q2 2020	89,833	$496	$4.86	$3.30 - $7.09
Q1 2020	93,119	$368	$6.19	$2.59 - $8.33
Q4 2019	180,101	$1,513	$7.50	$6.44 - $8.81