Improved Efficiency in the Auto Platform Division Boosted Cleveland-Cliffs’ (CLF) Performance

Core Insights - Voya Investment Management's "Voya MI Dynamic Small Cap Fund" experienced underperformance in Q3 2025, primarily due to stock selection issues despite a strong recovery in equity markets [1] - The fund highlighted Cleveland-Cliffs Inc. (NYSE:CLF) as a significant contributor to performance, with a one-month return of 21.27% and a market capitalization of $7.047 billion [2][3] Fund Performance - The equity markets rebounded strongly in Q3 2025, recovering from earlier volatility caused by tariffs, with growth stocks outperforming value stocks [1] - The fund's performance was negatively impacted on a NAV basis, indicating challenges in stock selection during the quarter [1] Cleveland-Cliffs Inc. (NYSE:CLF) Analysis - Cleveland-Cliffs Inc. was noted for its strong valuation metrics, including book to price and operating cash flow to price, which contributed positively to the fund's performance [3] - The stock's price increase was attributed to efficiency improvements in its auto platform division [3] - Cleveland-Cliffs Inc. was held by 52 hedge fund portfolios at the end of Q3 2025, an increase from 42 in the previous quarter [4]