Sector · 13F · Q2 2026 · portfolios as of June 30, 2026
Utilities: what concentrated managers hold, add and drop (Q2 2026)
Utilities averages 1.2% of concentrated managers' 13F portfolios at the end of Q2 2026 (1.2% the previous quarter). They hold stocks of 76 companies in the sector; the largest combined position is Talen Energy.
A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.
Weight of Utilities in the portfolios, 20 quarters
Q2 2026: 1.2%
Largest holdings
By combined value in concentrated managers' portfolios.
- 1Talen EnergyTLN17 managers$3.9 bn
- 2Constellation EnergyCEG24 managers$1.9 bn
- 3Vistra OperationsVST27 managers$1.8 bn
- 4Pg&ePCG12 managers$1.0 bn
- 5NRG EnergyNRG13 managers$999M
- 6Algonquin Power & UtilitiesAQN4 managers$855M
- 7Nextera EnergyNEE38 managers$801M
- 8Xcel EnergyXEL10 managers$770M
- 9EntergyETR9 managers$745M
- 10SempraSRE9 managers$722M
Held by the most managers
By number of concentrated managers holding it.
- 1Nextera EnergyNEE3 opened · 1 exited · 9 added, 9 trimmed38was 36
- 2Vistra OperationsVST4 opened · 5 exited · 10 added, 8 trimmed27was 26
- 3Constellation EnergyCEG5 opened · 5 exited · 9 added, 3 trimmed24was 23
- 4Duke EnergyDUK0 opened · 1 exited · 8 added, 0 trimmed22was 22
- 5American Electric PowerAEP1 opened · 2 exited · 7 added, 4 trimmed20was 20
- 6SouthernSO0 opened · 2 exited · 5 added, 3 trimmed18was 20
- 7Talen EnergyTLN3 opened · 3 exited · 1 added, 9 trimmed17was 17
- 8American Water WorksAWK3 opened · 1 exited · 3 added, 4 trimmed14was 11
- 9NRG EnergyNRG2 opened · 0 exited · 4 added, 6 trimmed13was 11
- 10Pg&ePCG1 opened · 1 exited · 4 added, 4 trimmed12was 12
Stocks most managers added
Net change in managers over the quarter, and from how many to how many. From 0 to many is usually an IPO.
- 1Fervo EnergyFRVO4 opened · 0 exited · 0 added, 0 trimmed · nobody held it the previous quarter+40 → 4
- 2American Water WorksAWK3 opened · 1 exited · 3 added, 4 trimmed+311 → 14
- 3Consolidated EdisonED3 opened · 0 exited · 2 added, 0 trimmed+36 → 9
- 4Dominion EnergyD3 opened · 0 exited · 0 added, 3 trimmed+35 → 8
- 5Nextera EnergyNEE3 opened · 1 exited · 9 added, 9 trimmed+236 → 38
- 6NRG EnergyNRG2 opened · 0 exited · 4 added, 6 trimmed+211 → 13
- 7Eversource EnergyES2 opened · 0 exited · 0 added, 3 trimmed+24 → 6
- 8Vistra OperationsVST4 opened · 5 exited · 10 added, 8 trimmed+126 → 27
- 9Constellation EnergyCEG5 opened · 5 exited · 9 added, 3 trimmed+123 → 24
- 10EntergyETR1 opened · 0 exited · 6 added, 1 trimmed+18 → 9
Stocks most managers dropped
Net change in managers over the quarter, and from how many to how many.
- 1SouthernSO0 opened · 2 exited · 5 added, 3 trimmed−220 → 18
- 2Xcel EnergyXEL1 opened · 3 exited · 3 added, 3 trimmed−212 → 10
- 3UGIUGI0 opened · 2 exited · 0 added, 1 trimmed−25 → 3
- 4WEC Energy GroupWEC0 opened · 1 exited · 3 added, 3 trimmed−113 → 12
- 5Public Service Enterprise GroupPEG0 opened · 1 exited · 2 added, 3 trimmed−19 → 8
- 6ExelonEXC1 opened · 2 exited · 1 added, 1 trimmed−16 → 5
- 7The AESAES0 opened · 1 exited · 2 added, 1 trimmed−15 → 4
- 8Algonquin Power & UtilitiesAQN0 opened · 1 exited · 1 added, 0 trimmed−15 → 4
- 9IdacorpIDA0 opened · 1 exited · 2 added, 1 trimmed−15 → 4
- 10PPLPPL0 opened · 1 exited · 2 added, 0 trimmed−14 → 3
Insider buying
Open-market purchases reported on Form 4, last 180 days.
- 1Pampa EnergyPAM3 buyers · 2 managers$38.3M
- 2AXIA EnergiaAXIAY2 buyers · 1 manager$34.6M
- 3Global Water ResourcesGWRS5 buyers · 1 manager$7.1M
- 4Vistra OperationsVST1 buyer · 27 managers$1.2M
- 5Hallador EnergyHNRG3 buyers · 6 managers$675K
- 6CadizCDZI1 buyer · 2 managers$508K
- 7OPAL FuelsOPAL4 buyers · 2 managers$461K
- 8Constellation EnergyCEG1 buyer · 24 managers$418K
- 9EvergyEVRG1 buyer · 3 managers$134K
- 10Clean Energy FuelsCLNE2 buyers · 2 managers$109K
With holders above 5%
Companies in the sector with active 13D filings or holders reporting more than 5% (13D/13G).
- 1Hallador EnergyHNRG6 managers1 above 5%1 with a 13D
- 2Southwest Gas HoldingsSWX5 managers4 above 5%2 with a 13D
- 3Algonquin Power & UtilitiesAQN4 managers2 above 5%1 with a 13D
- 4OkloOKLO4 managers1 above 5%1 with a 13D
- 5Brookfield Renewable PartnersBEP4 managers1 above 5%1 with a 13D
- 6Brookfield RenewableBEPC3 managers2 above 5%1 with a 13D
- 7Clean Energy FuelsCLNE2 managers2 above 5%1 with a 13D
- 8OPAL FuelsOPAL2 managers2 above 5%1 with a 13D
- 9Pampa EnergyPAM2 managers1 above 5%1 with a 13D
- 10Clearway EnergyCWEN1 manager5 above 5%2 with a 13D
How it is calculated
A sector's weight. For each concentrated manager we add up the weight of its positions in that sector within its 13F portfolio, then average across all of them. Every manager counts the same, whatever its size: it is not the share of total money. Stocks we could not classify weigh 2.7%; with them, the weights add up to 100%.
Where each company's sector comes from. From the industry code (SIC) the company reports to the SEC, mapped to eleven sectors with a published table, plus a short list of manual corrections. See the table.
How managers are counted. For each stock, how many concentrated managers held it at the end of the previous quarter and how many at the end of this one. A company that went public in the quarter goes from 0 to many: that is why both figures are shown, not just the difference. Who the concentrated managers are.
It is a snapshot of a quarter that has already closed: portfolios as of June 30, 2026, public by August 14, 2026. A 13F does not include short positions, bonds, cash or stocks not listed in the United States. Research information; not investment advice.