CLEARWATER PAPER CORP CLW
COM · Common Stock · CUSIP 18538R103
Pulp and paper product company
- SectorMaterials
- IndustryPaperboard Mills
- HeadquartersSpokane, WA
- Founded2008
- Websiteclearwaterpaper.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($3.9m this quarter). Holder counts are more reliable. Shares outstanding: 16.6m as of 2024-11-04, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $29.67. Options: 14 managers hold calls ($34.9m notional), 9 hold puts ($8.8m).
Trends to Q4 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 169 |
| Q4 2022 | 166 |
| Q1 2023 | 165 |
| Q2 2023 | 160 |
| Q3 2023 | 157 |
| Q4 2023 | 164 |
| Q1 2024 | 184 |
| Q2 2024 | 203 |
| Q3 2024 | 172 |
| Q4 2024 | 173 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2023 | 77 | 85 |
| Q2 2023 | 78 | 77 |
| Q3 2023 | 56 | 84 |
| Q4 2023 | 81 | 65 |
| Q1 2024 | 96 | 75 |
| Q2 2024 | 103 | 93 |
| Q3 2024 | 80 | 117 |
| Q4 2024 | 89 | 93 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2024 | $8.2m | $3.0m | 0.36 |
| Q2 2024 | $2.9m | $1.1m | 0.40 |
| Q3 2024 | $6.3m | $1.4m | 0.22 |
| Q4 2024 | $34.9m | $8.8m | 0.25 |
Biggest buyers
| MILLENNIUM MANAGEMENT LLC | Added | +393.6k |
| UBS Group AG | Added | +347.0k |
| READYSTATE ASSET MANAGEMENT LP | Added | +301.4k |
| JANE STREET GROUP, LLC | Added | +225.0k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | +211.6k |
| D. E. Shaw & Co., Inc. | Added | +195.5k |
| MARSHALL WACE, LLP | New | +182.0k |
| CRAMER ROSENTHAL MCGLYNN LLC | Added | +166.7k |
| CITADEL ADVISORS LLC | Added | +165.9k |
| PEREGRINE CAPITAL MANAGEMENT LLC | New | +145.4k |
Biggest sellers
| Pacer Advisors, Inc. | Sold out | -1.9m |
| BlackRock, Inc. | Reduced | -1.2m |
| Invesco Ltd. | Reduced | -388.3k |
| STATE STREET CORP | Reduced | -241.0k |
| RENAISSANCE TECHNOLOGIES LLC | Sold out | -172.8k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | Reduced | -147.8k |
| VANGUARD GROUP INC | Reduced | -103.6k |
| ANCHOR CAPITAL MANAGEMENT COMPANY, LLC | Reduced | -82.8k |
| PRINCIPAL FINANCIAL GROUP INC | Sold out | -78.4k |
| Bank of New York Mellon Corp | Reduced | -74.1k |
Biggest calls
| Caption Management, LLC | New | $8.6m290.3k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $7.9m265.7k shares |
| JANE STREET GROUP, LLC | Added | $4.2m142.0k shares |
| Shay Capital LLC | New | $3.2m108.8k shares |
| SCOGGIN MANAGEMENT LP | Added | $3.0m100.0k shares |
| Troluce Capital Advisors LLC | New | $1.8m61.3k shares |
| WOLVERINE TRADING, LLC | New | $1.4m47.6k shares |
| NOMURA HOLDINGS INC | New | $1.2m40.0k shares |
| SIMPLEX TRADING, LLC | Added | $1.2m39.5k shares |
| GROUP ONE TRADING LLC | Added | $1.0m34.2k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $3.1m105.4k shares |
| CITADEL ADVISORS LLC | Added | $3.1m104.6k shares |
| Caption Management, LLC | New | $818.7k27.5k shares |
| GROUP ONE TRADING LLC | New | $711.5k23.9k shares |
| SIMPLEX TRADING, LLC | Added | $693.0k23.3k shares |
| JANE STREET GROUP, LLC | New | $348.3k11.7k shares |
| Walleye Capital LLC | New | $20.8k700 shares |
| Walleye Trading LLC | New | $6.0k200 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| SOUTHEASTERN ASSET MANAGEMENT INC/TN/ 13G · institution +2.8 pts · filed 2026-02-13 | 8.6% |
| BlackRock, Inc. 13G · institution -1.5 pts · filed 2026-04-24 | 7.1% |
| DIMENSIONAL FUND ADVISORS LP 13G · institution filed 2026-07-14 | 6.6% |
| GATE CITY CAPITAL MANAGEMENT, LLC 13G · institution new · filed 2026-08-14 | 5.8% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26)
Insider purchases and sales in Q4 2024
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q1 2023 | 0 | — | 4 | $747.3k | — |
| Q2 2023 | 0 | — | 3 | $367.4k | $284.7k |
| Q3 2023 | 0 | — | 1 | $220.6k | $220.6k |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 0 | — | — |
None reported in Q4 2024.
Holders, Q4 2024
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.00% of their portfolio | 1.7m $51.6m | Reduced -1.2m |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 1.3m $38.6m | Reduced -68.5k |
| VANGUARD GROUP INC 0.00% of their portfolio | 1.1m $33.4m | Reduced -103.6k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 637.1k $19.0m | Added +43.6k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 429.3k $12.8m | Added +393.6k |
| STATE STREET CORP 0.00% of their portfolio | 408.9k $12.2m | Reduced -241.0k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 388.3k $11.6m | Added +195.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 387.0k $11.5m | Added +5.0k |
| READYSTATE ASSET MANAGEMENT LP 0.46% of their portfolio | 370.7k $11.0m | Added +301.4k |
| UBS Group AG 0.00% of their portfolio | 358.1k $10.7m | Added +347.0k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio | 271.1k $8.1m | Added +68.6k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 241.1k $7.2m | Added +225.0k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 229.6k $6.8m | Added +211.6k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 225.9k $6.7m | Reduced -39.5k |
| CRAMER ROSENTHAL MCGLYNN LLC 0.37% of their portfolio | 218.3k $6.5m | Added +166.7k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 217.5k $6.5m | Added +165.9k |
| Pictet Asset Management Holding SA 0.01% of their portfolio | 193.8k $5.8m | Reduced -3.4k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 191.8k $5.7m | Reduced -58.2k |
| MARSHALL WACE, LLP 0.01% of their portfolio | 182.0k $5.4m | New |
| OBERWEIS ASSET MANAGEMENT INC/ 0.25% of their portfolio | 175.2k $5.2m | Unchanged |
| Allianz Asset Management GmbH 0.01% of their portfolio | 167.2k $5.0m | Reduced -28.0k |
| CastleKnight Management LP 0.54% of their portfolio | 166.9k $5.0m | Added +55.6k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 165.2k $4.9m | Reduced -12.2k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 158.7k $4.7m | Added +64.6k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.11% of their portfolio | 158.6k $4.7m | Reduced -147.8k |
| ANCHOR CAPITAL MANAGEMENT COMPANY, LLC 3.94% of their portfolio | 153.1k $4.6m | Reduced -82.8k |
| PEREGRINE CAPITAL MANAGEMENT LLC 0.13% of their portfolio | 145.4k $4.3m | New |
| WEDGE CAPITAL MANAGEMENT L L P/NC 0.08% of their portfolio | 141.1k $4.2m | Added +18.1k |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 130.8k $3.9m | Reduced -17.7k |
| SCOGGIN MANAGEMENT LP 1.95% of their portfolio | 125.0k $3.7m | New |
| BLACK DIAMOND CAPITAL MANAGEMENT, L.L.C. 1.98% of their portfolio | 123.5k $3.7m | Unchanged |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 119.9k $3.6m | Reduced -37.0k |
| MORGAN STANLEY 0.00% of their portfolio | 112.0k $3.3m | Reduced -54.4k |
| Empowered Funds, LLC 0.05% of their portfolio | 111.9k $3.3m | Added +5.4k |
| MYDA Advisors LLC 0.91% of their portfolio | 107.5k $3.2m | Added +12.2k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 100.5k $3.0m | Added +57.5k |
| Caption Management, LLC 0.12% of their portfolio | 98.3k $2.9m | New |
| LMR Partners LLP 0.05% of their portfolio | 95.0k $2.8m | New |
| Trexquant Investment LP 0.03% of their portfolio | 92.5k $2.8m | New |
| KRYGER CAPITAL Ltd 0.70% of their portfolio | 90.9k $2.7m | New |
| Hudson Bay Capital Management LP 0.02% of their portfolio | 90.0k $2.7m | New |
| HRT FINANCIAL LP 0.02% of their portfolio | 89.7k $2.7m | New |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 86.0k $2.6m | Added +7.3k |
| Shay Capital LLC 0.58% of their portfolio | 79.9k $2.4m | Added +62.0k |
| PANAGORA ASSET MANAGEMENT INC 0.01% of their portfolio | 77.0k $2.3m | Reduced -31.3k |
| Invesco Ltd. 0.00% of their portfolio | 67.7k $2.0m | Reduced -388.3k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 67.6k $2.0m | Added +36.9k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 67.5k $2.0m | New |
| Seven Six Capital Management, LLC 1.73% of their portfolio | 66.9k $2.0m | First filing |
| TUDOR INVESTMENT CORP ET AL 0.02% of their portfolio | 65.5k $1.9m | Added +4.0k |
| Balyasny Asset Management L.P. 0.00% of their portfolio | 65.4k $1.9m | New |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 62.0k $1.8m | Added +11.8k |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.03% of their portfolio | 60.9k $1.8m | First filing |
| One68 Global Capital, LLC 0.97% of their portfolio | 60.8k $1.8m | First filing |
| EXCHANGE TRADED CONCEPTS, LLC 0.04% of their portfolio | 58.4k $1.7m | Added +2.4k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 55.0k $1.6m | Reduced -74.1k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.01% of their portfolio | 53.3k $1.6m | Reduced -9.5k |
| Corient Private Wealth LP 0.00% of their portfolio | 50.7k $61.6k | Added +27.2k |
| COMERICA BANK 0.01% of their portfolio | 50.4k $1.5m | Reduced -1.2k |
| Assenagon Asset Management S.A. 0.00% of their portfolio | 48.2k $1.4m | Reduced -1.6k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 47.4k $1.4m | Reduced -2.8k |
| TWO SIGMA ADVISERS, LP 0.00% of their portfolio | 46.5k $1.4m | Added +18.4k |
| PEAK6 LLC 0.05% of their portfolio | 46.2k $1.4m | First filing |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 45.0k $1.3m | Added +877 |
| LM Asset Management Inc. 1.19% of their portfolio | 42.3k $1.3m | First filing |
| ExodusPoint Capital Management, LP 0.01% of their portfolio | 41.0k $1.2m | Reduced -28.3k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.00% of their portfolio | 40.3k $1.2m | New |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.01% of their portfolio | 40.0k $1.2m | Reduced -10.4k |
| ROYCE & ASSOCIATES LP 0.01% of their portfolio | 39.3k $1.2m | Added +14.0k |
| WOODMONT INVESTMENT COUNSEL LLC 0.08% of their portfolio | 37.7k $1.1m | Added +2.2k |
| SIMPLEX TRADING, LLC 0.03% of their portfolio | 37.5k $1.1m | Added +34.7k |
| Cubist Systematic Strategies, LLC 0.02% of their portfolio | 35.6k $1.1m | New |
| Squarepoint Ops LLC 0.00% of their portfolio | 34.8k $1.0m | Added +23.2k |
| Nebula Research & Development LLC 0.12% of their portfolio | 33.5k $996.8k | Added +8.1k |
| Swiss National Bank 0.00% of their portfolio | 32.6k $970.5k | Unchanged |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 32.2k $958.4k | Added +11.6k |
| Ancora Advisors LLC 0.02% of their portfolio | 31.6k $940.2k | Added +21.6k |
| Catalyst Funds Management Pty Ltd 0.22% of their portfolio | 30.4k $905.0k | New |
| Jump Financial, LLC 0.02% of their portfolio | 29.3k $872.1k | New |
| BARCLAYS PLC 0.00% of their portfolio | 27.9k $831.2k | Added +781 |
| GROUP ONE TRADING LLC 0.03% of their portfolio | 27.3k $813.2k | Added +25.6k |
| CITIGROUP INC 0.00% of their portfolio | 26.3k $783.8k | Added +2.8k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 26.0k $774.0k | Reduced -25.0k |
| Engineers Gate Manager LP 0.01% of their portfolio | 22.4k $667.4k | Reduced -10.9k |
| Laurion Capital Management LP 0.04% of their portfolio | 20.0k $595.4k | New |
| WOLVERINE TRADING, LLC 0.01% of their portfolio | 19.2k $564.1k | New |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 19.0k $567.0k | Reduced -27.8k |
| Legal & General Group Plc 0.00% of their portfolio | 18.3k $545.3k | Reduced -27.6k |
| SummerHaven Investment Management, LLC 0.30% of their portfolio | 16.6k $494.4k | Unchanged |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 15.5k $461.9k | Reduced -223 |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 15.2k $452.0k | Added +5.6k |
| Sterling Capital Management LLC 0.01% of their portfolio | 15.0k $447.8k | Added +15.0k |
| Inspire Investing, LLC 0.04% of their portfolio | 13.5k $401.4k | Reduced -1.0k |
| KLP KAPITALFORVALTNING AS 0.00% of their portfolio | 12.7k $378.1k | First filing |
| Point72 Asset Management, L.P. 0.00% of their portfolio | 12.7k $378.0k | New |
| HighTower Advisors, LLC 0.00% of their portfolio | 12.4k $369.4k | Added +7 |
| XTX Topco Ltd 0.03% of their portfolio | 12.3k $367.2k | New |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 12.2k $365.0k | Reduced -2.9k |
| Walleye Trading LLC 0.01% of their portfolio | 11.9k $353.3k | New |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 11.1k $330.3k | Added +7.5k |