CLWNYSEPaperboard MillsFiscal year ends December 31
Clearwater Paper Corp
Financials through Q1 FY2026, quarter ended Mar 31, 2026Last filing: 10-Q on Jul 28, 2026
$18.63−0.67 (-3.47%)
Close on Oct 19, 2026
- Market cap
- $299.57M
- P/E (TTM)
- –
- Dividend yield
- –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
89.6%
14M of 16M shares
Institutional holders
134
28 new, 16 sold out
Net institutional buying
1M
In Q2 2026
Insider trades, 12 months
0 buys · 1 sales
Net sold $161.25K
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Michael Melby | 938,496 | 5.80% | 13G (passive) | Jun 30, 2026 |
| Southeastern Asset Management, Inc. | 1,380,930 | 8.60% | 13G (passive) amendment | Dec 31, 2025 |
| T. Rowe Price Investment Management, Inc. | 1,336,360 | 8.10% | 13G (passive) amendment | Feb 14, 2024 |
| BlackRock, Inc. | 1,140,272 | 7.10% | 13G (passive) amendment | Mar 31, 2026 |
| Dimensional Fund Advisors LP | 1,062,406 | 6.60% | 13G (passive) amendment | Jun 30, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of CLW | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| Southeastern Asset Management Inc/Tn/ | 1,539,556 | 9.55% | $24.14M | +14,065 | 1.26% |
| BlackRock, Inc. | 1,262,006 | 7.83% | $19.79M | +41,313 | 0.00% |
| Dimensional Fund Advisors LP | 1,062,406 | 6.59% | $16.66M | −223,296 | 0.00% |
| Gate City Capital Management, LLC | 938,496 | 5.82% | $14.72M | New | 3.81% |
| Readystate Asset Management LP | 781,384 | 4.84% | $12.25M | – | 0.42% |
| Vanguard Capital Management LLC | 694,944 | 4.31% | $10.90M | +14,554 | 0.00% |
| JPMorgan Chase & Co | 453,652 | 2.81% | $7.27M | +155,103 | 0.00% |
| Aqr Capital Management LLC | 420,773 | 2.61% | $6.60M | +242,479 | 0.00% |
| Invenomic Capital Management LP | 420,419 | 2.61% | $6.59M | +116,269 | 0.39% |
| Geode Capital Management, LLC | 404,311 | 2.51% | $6.34M | +13,662 | 0.00% |
| Charles Schwab Investment Management Inc | 396,734 | 2.46% | $6.22M | −106,228 | 0.00% |
| State Street Corp | 352,774 | 2.19% | $5.53M | +11,460 | 0.00% |
| Ameriprise Financial Inc | 297,415 | 1.84% | $4.66M | +29,539 | 0.00% |
| Peapod Lane Capital LLC | 289,906 | 1.80% | $4.55M | +75,385 | 3.07% |
| Assenagon Asset Management S.A. | 288,784 | 1.79% | $4.53M | +174,771 | 0.00% |
| Trexquant Investment LP | 268,367 | 1.66% | $4.21M | +106,505 | 0.02% |
| UBS Group AG | 267,499 | 1.66% | $4.19M | +237,755 | 0.00% |
| D. E. Shaw & Co., Inc. | 263,935 | 1.64% | $4.14M | +41,003 | 0.00% |
| Jacobs Levy Equity Management, Inc | 261,856 | 1.62% | $4.11M | −19,192 | 0.01% |
| American Century Companies Inc | 208,986 | 1.30% | $3.28M | −9,174 | 0.00% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 134 | 14M | 89.6% | 28 / 59 | 31 / 16 | 3M | 2M |
| Q1 2026 | 123 | 13M | 80.6% | 21 / 51 | 36 / 20 | 2M | 2M |
| Q4 2025 | 124 | 14M | 84.8% | 13 / 50 | 45 / 30 | 2M | 2M |
| Q3 2025 | 144 | 13M | 82.8% | 20 / 45 | 57 / 33 | 2M | 2M |
| Q2 2025 | 158 | 14M | 85.8% | 31 / 56 | 50 / 32 | 3M | 3M |
| Q1 2025 | 159 | 14M | 85.6% | 26 / 45 | 59 / 36 | 3M | 3M |
| Q4 2024 | 171 | 15M | 90.0% | 43 / 55 | 52 / 42 | 4M | 6M |
| Q3 2024 | 171 | 16M | 97.5% | 27 / 55 | 60 / 57 | 5M | 2M |
| Q2 2024 | 202 | 16M | 96.1% | 40 / 65 | 73 / 20 | 2M | 2M |
| Q1 2024 | 183 | 16M | 100.0% | 34 / 64 | 62 / 13 | 3M | 2M |
| Q4 2023 | 163 | 15M | 94.2% | 23 / 66 | 50 / 15 | 2M | 1M |
| Q3 2023 | 156 | 15M | 91.8% | 15 / 42 | 68 / 16 | 2M | 1M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of CLW | Value | % of fund | As of |
|---|---|---|---|---|---|
| Longleaf Partners Small Cap Fund | 1,536,900 | 9.53% | $24.10M | 3.74% | Jun 30, 2026 |
| Vanguard Total Stock Market Index Fund | 488,515 | 3.03% | $7.66M | 0.00% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 407,346 | 2.53% | $6.39M | 0.01% | Jun 30, 2026 |
| Schwab Fundamental U.S. Small Company ETF | 262,552 | 1.63% | $4.28M | 0.05% | May 31, 2026 |
| Invenomic Fund | 246,875 | 1.53% | $5.19M | 0.61% | Jul 31, 2026 |
| U.S. Core Equity 1 Portfolio | 194,572 | 1.21% | $4.09M | 0.01% | Jul 31, 2026 |
| Vanguard Extended Market Index Fund | 190,977 | 1.18% | $2.99M | 0.00% | Jun 30, 2026 |
| Columbia Small Cap Value Discovery Fund | 176,783 | 1.10% | $3.72M | 0.15% | Jul 31, 2026 |
| Avantis U.S. Small Cap Value ETF | 173,815 | 1.08% | $2.83M | 0.01% | May 31, 2026 |
| Fidelity Small Cap Index Fund | 169,797 | 1.05% | $3.57M | 0.01% | Jul 31, 2026 |
| iShares Russell 2000 Value ETF | 150,314 | 0.93% | $2.36M | 0.02% | Jun 30, 2026 |
| U.S. Targeted Value Portfolio | 125,595 | 0.78% | $2.64M | 0.02% | Jul 31, 2026 |
| Dimensional U.S. Targeted Value ETF | 94,838 | 0.59% | $1.99M | 0.01% | Jul 31, 2026 |
| U.S. Core Equity 2 Portfolio | 92,696 | 0.57% | $1.95M | 0.01% | Jul 31, 2026 |
| U.S. Micro Cap Portfolio | 91,424 | 0.57% | $1.92M | 0.02% | Jul 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Sherri Baker | SVP, CFO | 40,847 | 0.25% | Aug 18, 2026 |
| Marc D. Rome | SVP, Gen. Counsel & Corp. Sec. | 18,874 | 0.12% | Jul 6, 2026 |
| Arsen S. Kitch | President, CEO | 403,029 | 2.50% | May 28, 2026 |
| Mathew D. Passarello | Sr. V.P. | 26,214 | 0.16% | May 19, 2026 |
| Steve M. Bowden | Sr. V.P. | 80,307 | 0.50% | Mar 17, 2026 |
| Virginia L. Aulin | Senior Vice President | 12,919 | 0.08% | Mar 17, 2026 |
| Sean M. Krajnik | Senior Vice President | 25,600 | 0.16% | Mar 17, 2026 |
| Rebecca Anne Barckley | VP, Controller | 20,223 | 0.13% | Mar 17, 2026 |
| Kari G. Moyes | SVP, HR | 81,439 | 0.50% | Mar 18, 2025 |
| Michael J. Urlick | Sr. V.P. | 31,163 | 0.19% | Mar 18, 2025 |
| Michael S. Gadd | SVP, GC, Corp Secretary | 94,445 | 0.59% | Mar 18, 2025 |
| Jeanne M. Hillman | Director | 0 | – | Jul 6, 2026 |
| Alexander Toeldte | Director | 0 | – | May 12, 2026 |
| Joe W. Laymon | Director | 4,355 | 0.03% | May 12, 2026 |
| John P. O'Donnell | Director | 0 | – | May 12, 2026 |
| John J. Corkrean | Director | 0 | – | May 12, 2026 |
| Ann C. Nelson | Director | 3,000 | 0.02% | May 12, 2026 |
| Tucker Christine M. Vickers | Director | 0 | – | May 12, 2026 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Sherri Baker SVP, CFO | Aug 15, 2026 | Tax withholding | −4,634 | $21.42 | $99.26K | 40,847 |
| Marc D. Rome SVP, Gen. Counsel & Corp. Sec. | Jul 1, 2026 | Tax withholding | −226 | $15.68 | $3.54K | 18,874 |
| Arsen S. Kitch President, CEO | May 18, 2026 | Award | +9,154 | – | – | 403,029 |
| Arsen S. Kitch President, CEO | May 18, 2026 | Award | +9,154 | $14.83 | $135.75K | 403,029 |
| Mathew D. Passarello Sr. V.P. | May 15, 2026 | Tax withholding | −179 | $13.72 | $2.46K | 26,214 |
| Mathew D. Passarello Sr. V.P. | Mar 15, 2026 | Tax withholding | −390 | $13.11 | $5.11K | 26,393 |
| Marc D. Rome SVP, Gen. Counsel & Corp. Sec. | Mar 15, 2026 | Tax withholding | −355 | $13.11 | $4.65K | 19,393 |
| Marc D. Rome SVP, Gen. Counsel & Corp. Sec. | Mar 15, 2026 | Tax withholding | −293 | $13.11 | $3.84K | 19,100 |
| Sean M. Krajnik Senior Vice President | Mar 15, 2026 | Tax withholding | −623 | $13.11 | $8.17K | 25,600 |
| Sean M. Krajnik Senior Vice President | Mar 15, 2026 | Tax withholding | −193 | $13.11 | $2.53K | 24,873 |
| Sean M. Krajnik Senior Vice President | Mar 15, 2026 | Tax withholding | −534 | $13.11 | $7.00K | 25,066 |
| Arsen S. Kitch President, CEO | Mar 15, 2026 | Tax withholding | −3,170 | $13.11 | $41.56K | 393,875 |
| Arsen S. Kitch President, CEO | Mar 15, 2026 | Tax withholding | −5,388 | $13.11 | $70.64K | 402,010 |
| Arsen S. Kitch President, CEO | Mar 15, 2026 | Tax withholding | −4,965 | $13.11 | $65.09K | 397,045 |
| Steve M. Bowden Sr. V.P. | Mar 15, 2026 | Tax withholding | −450 | $13.11 | $5.90K | 80,307 |
| Steve M. Bowden Sr. V.P. | Mar 15, 2026 | Tax withholding | −540 | $13.11 | $7.08K | 81,254 |
| Steve M. Bowden Sr. V.P. | Mar 15, 2026 | Tax withholding | −497 | $13.11 | $6.52K | 80,757 |
| Virginia L. Aulin Senior Vice President | Mar 15, 2026 | Tax withholding | −381 | $13.11 | $4.99K | 12,919 |
| Sherri Baker SVP, CFO | Mar 15, 2026 | Tax withholding | −569 | $13.11 | $7.46K | 46,005 |
| Sherri Baker SVP, CFO | Mar 15, 2026 | Tax withholding | −524 | $13.11 | $6.87K | 45,481 |
| Rebecca Anne Barckley VP, Controller | Mar 15, 2026 | Tax withholding | −123 | $13.11 | $1.61K | 20,223 |
| Rebecca Anne Barckley VP, Controller | Mar 15, 2026 | Tax withholding | −141 | $13.11 | $1.85K | 20,346 |
| Rebecca Anne Barckley VP, Controller | Mar 15, 2026 | Tax withholding | −159 | $13.11 | $2.08K | 20,487 |
| Virginia L. Aulin Senior Vice President | Feb 26, 2026 | Award | +9,994 | – | – | 13,300 |
| Sean M. Krajnik Senior Vice President | Feb 26, 2026 | Award | +10,708 | – | – | 26,223 |
| Sherri Baker SVP, CFO | Feb 26, 2026 | Award | +15,220 | – | – | 46,574 |
| Steve M. Bowden Sr. V.P. | Feb 26, 2026 | Award | +13,278 | – | – | 81,794 |
| Arsen S. Kitch President, CEO | Feb 26, 2026 | Award | +83,623 | – | – | 407,398 |
| Marc D. Rome SVP, Gen. Counsel & Corp. Sec. | Feb 26, 2026 | Award | +11,422 | – | – | 19,748 |
| Mathew D. Passarello Sr. V.P. | Feb 26, 2026 | Award | +10,422 | – | – | 26,783 |
| Rebecca Anne Barckley VP, Controller | Feb 26, 2026 | Award | +4,338 | – | – | 20,646 |
| Marc D. Rome SVP, Gen. Counsel & Corp. Sec. | Jan 15, 2026 | Tax withholding | −81 | $20.33 | $1.65K | 8,326 |
| Steve M. Bowden Sr. V.P. | Nov 28, 2025 | Sale(10b5-1 plan) | −8,889 | $18.14 | $161.25K | 68,516 |
| Marc D. Rome SVP, Gen. Counsel & Corp. Sec. | Jul 1, 2025 | Award | +2,310 | – | – | 8,407 |
| Mathew D. Passarello Sr. V.P. | May 15, 2025 | Tax withholding | −179 | $28.51 | $5.10K | 16,361 |
| Kari G. Moyes SVP, HR | Mar 17, 2025 | Sale(10b5-1 plan) | −1,132 | $23.98 | $27.15K | 81,439 |
| Kari G. Moyes SVP, HR | Mar 15, 2025 | Tax withholding | −369 | $23.95 | $8.84K | 82,991 |
| Kari G. Moyes SVP, HR | Mar 15, 2025 | Tax withholding | −420 | $23.95 | $10.06K | 82,571 |
| Michael J. Urlick Sr. V.P. | Mar 15, 2025 | Tax withholding | −531 | $23.95 | $12.72K | 31,163 |
| Michael J. Urlick Sr. V.P. | Mar 15, 2025 | Tax withholding | −435 | $23.95 | $10.42K | 31,694 |
| Steve M. Bowden Sr. V.P. | Mar 15, 2025 | Tax withholding | −511 | $23.95 | $12.24K | 77,405 |
| Steve M. Bowden Sr. V.P. | Mar 15, 2025 | Tax withholding | −448 | $23.95 | $10.73K | 77,916 |
| Arsen S. Kitch President, CEO | Mar 15, 2025 | Tax withholding | −3,771 | $23.95 | $90.32K | 328,740 |
| Arsen S. Kitch President, CEO | Mar 15, 2025 | Tax withholding | −4,965 | $23.95 | $118.91K | 323,775 |
| Michael S. Gadd SVP, GC, Corp Secretary | Mar 15, 2025 | Tax withholding | −507 | $23.95 | $12.14K | 94,417 |
| Michael S. Gadd SVP, GC, Corp Secretary | Mar 15, 2025 | Tax withholding | −446 | $23.95 | $10.68K | 94,924 |
| Sherri Baker SVP, CFO | Mar 15, 2025 | Tax withholding | −512 | $23.95 | $12.26K | 31,354 |
| Rebecca Anne Barckley VP, Controller | Mar 15, 2025 | Tax withholding | −142 | $23.95 | $3.40K | 16,308 |
| Rebecca Anne Barckley VP, Controller | Mar 15, 2025 | Tax withholding | −123 | $23.95 | $2.95K | 16,450 |
| Michael J. Urlick Sr. V.P. | Mar 3, 2025 | Tax withholding | −467 | $26.15 | $12.21K | 32,129 |
| Rebecca Anne Barckley VP, Controller | Mar 3, 2025 | Tax withholding | −157 | $26.15 | $4.11K | 16,573 |
| Arsen S. Kitch President, CEO | Mar 3, 2025 | Tax withholding | −3,772 | $26.15 | $98.64K | 332,511 |
| Steve M. Bowden Sr. V.P. | Mar 3, 2025 | Tax withholding | −534 | $26.15 | $13.96K | 78,364 |
| Kari G. Moyes SVP, HR | Mar 3, 2025 | Tax withholding | −439 | $26.15 | $11.48K | 83,360 |
| Michael S. Gadd SVP, GC, Corp Secretary | Mar 3, 2025 | Tax withholding | −531 | $26.15 | $13.89K | 95,370 |
| Kari G. Moyes SVP, HR | Feb 27, 2025 | Sale(10b5-1 plan) | −2,778 | $26.72 | $74.23K | 83,799 |
| Sherri Baker SVP, CFO | Feb 24, 2025 | Award | +6,911 | – | – | 31,866 |
| Arsen S. Kitch President, CEO | Feb 24, 2025 | Tax withholding | −23,659 | $27.30 | $645.89K | 336,283 |
| Arsen S. Kitch President, CEO | Feb 24, 2025 | Award | +73,992 | $27.30 | $2.02M | 359,942 |
| Arsen S. Kitch President, CEO | Feb 24, 2025 | Award | +41,491 | – | – | 285,950 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Kari G. Moyes Officer | Mar 17, 2026 | 1,778 | $23.72K | Mar 17, 2026 | Restricted Stock Vesting |
| Steve M. Bowden Officer | Nov 28, 2025 | 8,889 | $161.25K | Nov 28, 2025 | Restricted Stock Vesting |
| Kari G. Moyes Officer | Mar 17, 2025 | 1,132 | $27.15K | Mar 17, 2025 | Restricted Stock Vesting |
| Kari G. Moyes Officer | Feb 27, 2025 | 2,778 | $74.23K | Feb 27, 2025 | Restricted Stock Vesting |
| Michael S. Gadd Officer | Aug 4, 2023 | 6,182 | $222.68K | Aug 4, 2023 | Equity Award |
| Michael S. Gadd Officer | May 5, 2023 | 6,126 | $196.95K | May 5, 2023 | Equity Awards |
| Michael John Murphy Officer | Apr 14, 2023 | 2,681 | $88.37K | Apr 14, 2023 | Restricted Stock Vesting |