Constellation Energy

CEG • NASDAQ

Constellation Energy is a renewable utilities company in the utilities sector on NASDAQ, led by Joseph Dominguez, with a market cap of $115.12B. As of Q3 2025, 79% of shares are held by 1,768 institutional investors, with VANGUARD GROUP INC as the largest holder at 12.3%.

President and Chief Executive OfficerJoseph Dominguez

Market Cap$115.12B

Renewable Utilities

Utilities

Employees13.9K

Websiteconstellation.com

Country

United States of America

Overview

Overview of institutional ownership in CEG as of Q3 2025 with a market cap of $102.80B

All Institutions

Institutions: 1,768
Value Held: $81.6B
Shares Held: 247.9M
Avg Position: $46.1M
Median Position: $799.9K

Hedge Funds

Hedge Funds: 110
Value Held: $4.1B
Shares Held: 12.3M
Avg Position: $36.9M
Median Position: $3.3M

Ownership Breakdown

Institutional (non-HF)

75.4%

$77.5B

Hedge Funds

3.95%

$4.1B

Retail & Other

20.65%

$21.2B

Based on market cap of $102.80B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in CEG as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$12.6B 0.19% of portfolio	12.30% 38.4M shares	Q1 2022 Held for 3y 8m	$6.69T
C Capital International Investors Institution	-	$8.6B 1.40% of portfolio	8.36% 26.1M shares	Q1 2022 Held for 3y 8m	$615.90B
B BlackRock, Inc. Institution	-	$7.4B 0.13% of portfolio	7.22% 22.6M shares	Q1 2022 Held for 3y 8m	$5.67T
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$6.0B 0.21% of portfolio	5.82% 18.2M shares	Q1 2022 Held for 3y 8m	$2.88T
FMR LLC Institution	-	$4.4B 0.23% of portfolio	4.24% 13.3M shares	Q1 2022 Held for 3y 8m	$1.92T
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$2.6B 0.16% of portfolio	2.57% 8.0M shares	Q1 2022 Held for 3y 8m	$1.65T
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$2.3B 0.15% of portfolio	2.25% 7.0M shares	Q1 2022 Held for 3y 8m	$1.57T
JENNISON ASSOCIATES LLC Long Only Manager	Jeffrey Todd Becker CEO	$1.9B 1.13% of portfolio	1.89% 5.9M shares	Q1 2022 Held for 3y 8m	$171.73B
C COATUE MANAGEMENT LLC Hedge Fund•Multi-Strategy	Thomas Jerome Laffont Founder	$1.9B 4.62% of portfolio	1.83% 5.7M shares	Q1 2024 Held for 1y 8m	$40.8B
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	Robert W Sharps President	$1.4B 0.15% of portfolio	1.32% 4.1M shares	Q1 2022 Held for 3y 8m	$912.31B

Net Capital Flow

Institutional buying and selling activity for CEG in Q3 2025

Net Flow: −$881.1M
Buyers: 804
Sellers: 584
Total Bought: +$3.1B
Total Sold: −$4.0B
Avg Position: $48.3M

Biggest Buyers

Institution	Net Bought	Current Position
JPMORGAN CHASE & CO Institution	+$222.6M +676.5K shares	$1.1B 3.3M shares
WELLS FARGO & COMPANY/MN Institution	+$222.6M +676.3K shares	$1.3B 4.1M shares
FRANKLIN RESOURCES INC Institution	+$206.8M +628.5K shares	$624.7M 1.9M shares
Clearbridge Investments, LLC Long Only Manager	+$200.7M +609.8K shares	$201.0M 610.7K shares
GOLDMAN SACHS GROUP INC Institution	+$153.7M +467.2K shares	$799.7M 2.4M shares
BANK OF MONTREAL /CAN/ Institution	+$106.2M +322.7K shares	$212.4M 645.5K shares
AMERIPRISE FINANCIAL INC Institution	+$96.3M +292.6K shares	$210.0M 637.9K shares
VAN ECK ASSOCIATES CORP ETF Provider	+$88.4M +268.6K shares	$227.3M 690.7K shares
ING INVESTMENT MANAGEMENT LLC Insurance Manager	+$76.4M +232.3K shares	$442.1M 1.3M shares
N Neuberger Berman Group LLC Institution	+$76.3M +231.9K shares	$239.5M 727.8K shares

Biggest Sellers

Institution	Net Sold	Current Position
C Capital International Investors Institution	−$678.4M −2.1M shares	$8.6B 26.1M shares
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	−$576.3M −1.8M shares	$1.4B 4.1M shares
FMR LLC Institution	−$318.1M −966.7K shares	$4.4B 13.3M shares
C Capital Group Private Client Services, Inc. RIA/Wealth	−$150.8M −458.2K shares	$41.4M 125.7K shares
UBS Group AG Institution	−$136.2M −414.0K shares	$754.5M 2.3M shares
A Assenagon Asset Management S.A. Institution	−$119.4M −362.8K shares	$184.8M 561.6K shares
Capital Research Global Investors RIA/Wealth	−$117.6M −357.2K shares	$672.4M 2.0M shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$104.4M −317.2K shares	$506.4M 1.5M shares
S Situational Awareness LP Hedge Fund•Sector	−$103.0M −319.2K shares	Sold Off 0 shares
Pictet Asset Management Holding SA Long Only Manager	−$87.6M −266.3K shares	$255.9M 777.7K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited CEG in Q3 2025

New Positions: 123
New Value: $144.2M
Exited Positions: 84
Exited Value: $479.4M

New Positions

Institution	Position Value
T Tairen Capital Ltd Institution	$22.2M 67.6K shares
ALTA CAPITAL MANAGEMENT LLC/ Long Only Manager	$17.6M 53.6K shares
L Longbow Finance SA Institution	$10.5M 31.8K shares
Biondo Investment Advisors, LLC RIA/Wealth	$8.3M 25.2K shares
CAISSE DES DEPOTS ET CONSIGNATIONS Fund of Funds	$7.6M 23.0K shares
MATTERN CAPITAL MANAGEMENT, LLC RIA/Wealth	$7.5M 22.8K shares
S Sienna Gestion Institution	$7.4M 24.6K shares
Voleon Capital Management LP Hedge Fund•Quant	$5.4M 16.4K shares
Aristotle Atlantic Partners, LLC Long Only Manager	$5.3M 16.0K shares
I Insight Wealth Strategies, LLC RIA/Wealth	$5.0M 15.2K shares

Exited Positions

Institution	Previous Position
S Situational Awareness LP Hedge Fund•Sector	$103.0M 319.2K shares
Bridgewater Associates, LP Hedge Fund•Global Macro	$46.8M 145.0K shares
S SPX Equities Gestao de Recursos Ltda Institution	$46.2M 143.0K shares
Holocene Advisors, LP Hedge Fund•Long/Short	$38.3M 118.7K shares
Z Zurich Insurance Group Ltd/FI Institution	$32.7M 101.4K shares
A AXA Institution	$31.1M 96.4K shares
T TWINBEECH CAPITAL LP Hedge Fund•Quant	$27.9M 86.4K shares
R RIT CAPITAL PARTNERS PLC Institution	$26.8M 83.0K shares
R Rubric Capital Management LP Hedge Fund•Long/Short	$17.6M 54.5K shares
T Two Seas Capital LP Hedge Fund•Event Driven	$15.4M 47.7K shares

Options Activity

Institutions with the largest Call and Put options positions in CEG as of Q3 2025

Call Positions: 47
Call Value: $1.6B
Put Positions: 51
Put Value: $2.4B

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$426.3M 13.0K contracts
J JANE STREET GROUP, LLC Institution	$297.6M 9.0K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$237.1M 7.2K contracts
P PEAK6 LLC Institution	$68.7M 2.1K contracts
W WOLVERINE TRADING, LLC Institution	$64.3M 1.9K contracts
Q Qube Research & Technologies Ltd Institution	$58.6M 1.8K contracts
C Cubist Systematic Strategies, LLC Institution	$56.5M 1.7K contracts
D D. E. Shaw & Co., Inc. Institution	$51.5M 1.6K contracts
Walleye Trading LLC RIA/Wealth	$41.7M 1.3K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$40.4M 1.2K contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$712.7M 21.7K contracts
J JANE STREET GROUP, LLC Institution	$512.4M 15.6K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$371.8M 11.3K contracts
BARCLAYS PLC Institution	$83.3M 2.5K contracts
W WOLVERINE TRADING, LLC Institution	$80.5M 2.4K contracts
Q Qube Research & Technologies Ltd Institution	$70.9M 2.2K contracts
UBS Group AG Institution	$58.1M 1.8K contracts
Walleye Trading LLC RIA/Wealth	$52.7M 1.6K contracts
D D. E. Shaw & Co., Inc. Institution	$50.5M 1.5K contracts
P Parallax Volatility Advisers, LLC Hedge Fund•Vol Arbitrage	$44.4M 1.4K contracts

Most Committed Institutions

Institutions with CEG as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
P PICKERING ENERGY PARTNERS LP Institution	-	11.78% $536.4K	0.00% 1.6K shares	Q1 2025 Held for 8 months	$4.6M
RIPOSTE CAPITAL LLC Hedge Fund•Long/Short	Jay Clifton Plourde CCO	9.09% $14.8M	0.01% 45.0K shares	Q1 2024 Held for 1y 8m	$162.9M
Electron Capital Partners, LLC Hedge Fund•Long/Short	Ran Nmn Zhou Managing Partner	8.69% $191.9M	0.19% 583.3K shares	Q1 2022 Held for 3y 8m	$2.2B
V Value Aligned Research Advisors, LLC Hedge Fund•Long/Short	Benjamin Henry Hoskin Managing Partner	7.17% $310.6M	0.30% 943.9K shares	Q4 2024 Held for 11 months	$4.3B
V Value Star Asset Management Ltd Institution	-	6.89% $3.1M	0.00% 10.0K shares	Q1 2025 Held for 8 months	$45.7M
E ECOFI INVESTISSEMENTS SA Institution	-	6.88% $5.7M	0.01% 17.4K shares	Q1 2025 Held for 8 months	$83.3M
C CLEARFIELD CAPITAL MANAGEMENT LP Hedge Fund•Long/Short	Philip Joseph Hilal CIO	6.05% $10.1M	0.01% 30.7K shares	Q2 2025 Held for 5 months	$167.1M
R REAVES W H & CO INC Institution	-	5.95% $334.1M	0.33% 1.0M shares	Q1 2022 Held for 3y 8m	$5.6B
R Rivermont Capital Management LP Hedge Fund•Long/Short	Frank Rosser Gough Managing Partner	5.71% $21.6M	0.02% 65.7K shares	Q4 2022 Held for 2y 11m	$378.6M
Arosa Capital Management LP Hedge Fund•Multi-Strategy	Till August Bechtolsheimer CEO	5.68% $3.5M	0.00% 10.5K shares	Q2 2025 Held for 5 months	$60.9M

Hedge Fund Spotlight

Discover hedge funds investing in CEG

Waratah Capital Advisors Ltd.

Hedge Fund • Multi-Strategy

Portfolio ManagerBlair Irving Levinsky

Portfolio Value: $1.5B
Positions: 136
Last Reported: Q3 2025

Sector Allocation

Position in Constellation Energy

Market Value: $12.6M
Shares Held: 38.1K
Portfolio Weight: 0.85%
Owned Since: 2024-Q1

Top Holding	Sector	Market Value	Weight
1 Centerra Gold CGAU	Gold Basic Materials	$74.6M	5.08%
2 Pan American Silver PAAS	Silver Basic Materials	$51.9M	3.53%
3 Teledyne Technologies TDY	Hardware, Equipment & Parts Technology	$48.4M	3.29%