Voya Investment Management released its third-quarter 2025 investor letter for its Voya MI Dynamic Small Cap Fund, an actively managed US Small Cap core equity strategy. The fund underperformed the index in the quarter due to negative stock selection impact, despite strong equity market recovery and growth outperforming value.

In the third-quarter 2025 investor letter, Voya MI Dynamic Small Cap Fund highlighted Cleveland-Cliffs Inc. (NYSE:CLF), a flat-rolled steel producer. Cleveland-Cliffs Inc. (NYSE:CLF) saw a one-month return of 21.27% and closed at $12.37 per share on December 08, 2025, with a market capitalization of $7.047 billion.

Voya MI Dynamic Small Cap Fund noted that Cleveland-Cliffs Inc. (NYSE:CLF) was a contributor to performance in the third quarter due to favorable valuation features and efficiency improvements in its auto platform division. The stock saw a price increase and was one of the main individual contributors to performance for the fund.

Cleveland-Cliffs Inc. (NYSE:CLF) is not among the 30 Most Popular Stocks Among Hedge Funds, with 52 hedge fund portfolios holding the stock at the end of the third quarter. While the potential for Cleveland-Cliffs Inc. (NYSE:CLF) as an investment is acknowledged, some AI stocks may offer greater upside potential. Check out our free report for more details on a promising AI stock.

Read more at Yahoo Finance: Improved Efficiency in the Auto Platform Division Boosted Cleveland-Cliffs’ (CLF) Performance