Prem Watsa acquired 14.9M Cleveland-Cliffs shares worth $186M. That's 6.93% of their entire equity portfolio (6th largest holding). The investor owns 2.71% of the outstanding Cleveland-Cliffs stock. Prem Watsa acquired their 14.9M shares between 2024 and 2025. So far they never sold any shares in the company. The stake costed the investor $162M, netting the investor a gain of 15% so far.