Electron Capital Partners, LLC

Hedge Fund • Long/Short

Electron Capital Partners, LLC is a Long/Short Hedge Fund based in New York, NY led by Ran Nmn Zhou, reporting $3.5B in AUM as of Q3 2025 with 44% Utilities concentration and 61% concentrated in top 10 holdings.

Managing PartnerRan Nmn Zhou

Portfolio Value: $2.2B
Positions: 37
Top Holding: CEG at 8.69%
Last Reported: Q3 2025

Address10 East 53rd Street, 19th Floor, New York, NY, 10022, United States

Top Holdings

Largest long holdings in Electron Capital Partners, LLC's portfolio (60.6% of total portfolio)

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GthenH

Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Constellation Energy CEG	Renewable Utilities Utilities	$191.9M	8.69%	-$9.6M Sold	0.19% 583.3K shares	Q1 2022 Held for 3y 8m
2 MasTec MTZ	Engineering & Construction Industrials	$174.3M	7.90%	+$15.3M Bought	1.04% 819.1K shares	Q4 2020 Held for 4y 11m
3 Nextra Energy NEE	Regulated Electric Utilities	$148.5M	6.73%	+$26.0M Bought	0.10% 2.0M shares	Q2 2024 Held for 1y 5m
4 Entergy ETR	Regulated Electric Utilities	$143.5M	6.50%	+$97.9M Bought	0.34% 1.5M shares	Q1 2024 Held for 1y 8m
5 Xcel Energy XEL	Regulated Electric Utilities	$135.6M	6.14%	-$3.8M Sold	0.28% 1.7M shares	Q3 2024 Held for 1y 2m
6 3M MMM	Conglomerates Industrials	$123.7M	5.60%	-$12.2M Sold	0.15% 797.3K shares	Q2 2024 Held for 1y 5m
7 General Electric GEV	Renewable Utilities Utilities	$119.6M	5.42%	+$2.0M Bought	0.07% 194.5K shares	Q1 2024 Held for 1y 8m
8 Johnson Controls International JCI	Construction Industrials	$117.7M	5.33%	-$31.1M Sold	0.16% 1.1M shares	Q1 2024 Held for 1y 8m
9 Quanta Services PWR	Engineering & Construction Industrials	$98.9M	4.48%	+$3.1M Bought	0.16% 238.7K shares	Q3 2019 Held for 6y 2m
10 PPL PPL	Regulated Electric Utilities	$83.1M	3.76%	+$3.5M Bought	0.30% 2.2M shares	Q3 2023 Held for 2y 2m

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GthenH

Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Electron Capital Partners, LLC's latest filing

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Market Value

$2.2B

Prior: $1.9B

Q/Q Change

+18.12%

+$338.7M

Net Flows % of MV

+2.03%

Turnover Ratio

13.42%

New Purchases

2 stocks

$33.2M

Added To

17 stocks

+$242.6M

Sold Out Of

4 stocks

$50.6M

Reduced Holdings

13 stocks

-$180.4M

Increased Positions

Position	Shares Δ	Change
1 BorgWarner BWA	New	0 → 723.8K +$31.8M
2 Whiting Petroleum Corporation WRD	New	0 → 140.4K +$1.4M
3 Nextpower Inc. NXT	+2,017.68%	26.7K → 566.4K +$39.9M
4 Entergy ETR	+214.56%	489.5K → 1.5M +$97.9M
5 SolarEdge Technologies SEDG	+107.8%	833.8K → 1.7M +$33.3M

Decreased Positions

Position	Shares Δ	Change
1 NRG Energy NRG	Sold	188.0K → 0 −$30.2M
2 Hertz Global Holdings, Inc. HTZ	Sold	1.8M → 0 −$12.3M
3 CANG Cango Inc. CANG	Sold	1.3M → 0 −$6.5M
4 Herc Holdings HRI	Sold	12.0K → 0 −$1.6M
5 Shoals Technologies Group, Inc. SHLS	-83.93%	2.0M → 317.7K −$12.3M