CMS Energy
CMS • NYSE
CMS Energy is a regulated electric company in the utilities sector on NYSE, led by Garrick J. Rochow, with a market cap of $21.7B. As of Q3 2025, 97% of shares are held by 754 institutional investors, with VANGUARD GROUP INC as the largest holder at 13.09%.
CEOGarrick J. Rochow
Market Cap$21.7B
Regulated Electric
Utilities
Employees8.4K
Websitecmsenergy.com
Country
United States of America
Overview
Overview of institutional ownership in CMS as of Q3 2025 with a market cap of $21.9B
All Institutions
- Institutions
- 754
- Value Held
- $21.2B
- Shares Held
- 289.0M
- Avg Position
- $28.1M
- Median Position
- $786.1K
Hedge Funds
- Hedge Funds
- 48
- Value Held
- $812.0M
- Shares Held
- 11.1M
- Avg Position
- $16.9M
- Median Position
- $6.4M
Ownership Breakdown
Based on market cap of $21.9B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.
Biggest Investors
Institutions with the largest positions in CMS as of Q3 2025
| Institution | Position Value |
|---|---|
 VANGUARD GROUP INC Institution | $2.9B 0.04% of portfolio |
 BlackRock, Inc. Institution | $2.3B 0.04% of portfolio |
 JPMORGAN CHASE & CO Institution | $1.4B 0.09% of portfolio |
 STATE STREET CORP Institution | $1.3B 0.05% of portfolio |
 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Long Only Manager | $647.8M 0.20% of portfolio |
 GEODE CAPITAL MANAGEMENT LLC ETF Provider | $593.9M 0.04% of portfolio |
 VICTORY CAPITAL MANAGEMENT INC Long Only Manager | $547.8M 0.35% of portfolio |
 Invesco Ltd. ETF Provider | $544.9M 0.09% of portfolio |
 PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager | $446.6M 0.05% of portfolio |
 WELLS FARGO & COMPANY/MN Institution | $416.1M 0.09% of portfolio |
Net Capital Flow
Institutional buying and selling activity for CMS in Q3 2025
- Traded
- −$40.0M
- Buyers
- 389
- Sellers
- 300
- Total Bought
- +$1.2B
- Total Sold
- −$1.2B
- Avg Position
- $26.0M
Biggest Buyers
| Institution | Net Bought |
|---|---|
VICTORY CAPITAL MANAGEMENT INC Long Only Manager | +$170.5M +2.3M shares |
 BARCLAYS PLC Institution | +$64.9M +885.6K shares |
 CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy | +$64.0M +873.2K shares |
 ExodusPoint Capital Management, LP Hedge Fund•Multi-Strategy | +$57.1M +779.3K shares |
S SOROS FUND MANAGEMENT LLC Institution | +$56.9M +776.2K shares |
 Bank of New York Mellon Corp Institution | +$37.9M +517.7K shares |
A Amundi Institution | +$35.3M +481.5K shares |
B BI Asset Management Fondsmaeglerselskab A/S Institution | +$31.6M +431.0K shares |
A Assenagon Asset Management S.A. Institution | +$30.6M +417.2K shares |
Z Zimmer Partners, LP Hedge Fund•Long/Short | +$28.7M +392.3K shares |
Biggest Sellers
| Institution | Net Sold |
|---|---|
P Perpetual Ltd Institution | −$141.5M −2.0M shares |
JPMORGAN CHASE & CO Institution | −$138.8M −1.9M shares |
 UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager | −$89.0M −1.2M shares |
 BB&T CORP Institution | −$72.8M −993.4K shares |
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager | −$64.0M −874.2K shares |
 MORGAN STANLEY RIA/Wealth | −$60.1M −819.9K shares |
R Railway Pension Investments Ltd Institution | −$47.2M −681.2K shares |
 ENVESTNET ASSET MANAGEMENT INC Long Only Manager | −$45.6M −623.0K shares |
 VOLORIDGE INVESTMENT MANAGEMENT, LLC Hedge Fund•Multi-Strategy | −$39.0M −532.2K shares |
 UBS Group AG Institution | −$37.8M −515.9K shares |
Entry and Exit Activity
Institutions that initiated new positions or completely exited CMS in Q3 2025
- New Positions
- 33
- New Value
- $21.7M
- Exited Positions
- 61
- Exited Value
- $233.5M
New Positions
| Institution | Position Value |
|---|---|
 TRILLIUM ASSET MANAGEMENT CORP Long Only Manager | $12.8M 174.3K shares |
A ABC ARBITRAGE SA Institution | $3.2M 43.5K shares |
V Vennlight Capital Management, LP Hedge Fund•Long/Short | $2.3M 31.9K shares |
 Portfolio Design Labs, LLC RIA/Wealth | $1.7M 23.9K shares |
I Inscription Capital, LLC RIA/Wealth | $370.8K 5.1K shares |
A Atlas Legacy Advisors, LLC RIA/Wealth | $259.6K 3.5K shares |
 Catalytic Wealth RIA, LLC RIA/Wealth | $259.0K 3.5K shares |
T TEMA ETFS LLC Institution | $237.1K 3.2K shares |
C Camden Capital, LLC RIA/Wealth | $205.5K 2.8K shares |
 Sovereign Financial Group, Inc. RIA/Wealth | $200.1K 2.7K shares |
Exited Positions
| Institution | Previous Position |
|---|---|
P Perpetual Ltd Institution | $141.5M 2.0M shares |
R Railway Pension Investments Ltd Institution | $47.2M 681.2K shares |
 LINDEN ADVISORS LP Hedge Fund•Multi-Strategy | $6.8M 97.5K shares |
O ONTARIO TEACHERS PENSION PLAN BOARD Institution | $4.3M 62.1K shares |
 AIGEN INVESTMENT MANAGEMENT, LP Hedge Fund•Long/Short | $2.9M 41.8K shares |
 Centiva Capital, LP Hedge Fund•Multi-Strategy | $2.6M 38.2K shares |
 ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant | $2.0M 29.4K shares |
A Achmea Investment Management B.V. Institution | $1.9M 27.7K shares |
D Dynamic Technology Lab Private Ltd Institution | $1.9M 26.7K shares |
A AXA Institution | $1.8M 25.3K shares |
Options Activity
Institutions with the largest Call and Put options positions in CMS as of Q3 2025
- Call Positions
- 11
- Call Value
- $53.1M
- Put Positions
- 6
- Put Value
- $22.1M
Call Positions
| Institution | Position Value |
|---|---|
 SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity | $25.0M 3.4K contracts |
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy | $15.9M 2.2K contracts |
R ROYAL BANK OF CANADA Institution | $5.6M 764.0 contracts |
UBS Group AG Institution | $4.8M 649.0 contracts |
 CITIGROUP INC Institution | $776.6K 106.0 contracts |
W WOLVERINE TRADING, LLC Institution | $771.4K 106.0 contracts |
 Walleye Trading LLC RIA/Wealth | $271.1K 37.0 contracts |
J JANE STREET GROUP, LLC Institution | - - contracts |
 Moran Wealth Management, LLC RIA/Wealth | - - contracts |
 Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy | - - contracts |
Put Positions
| Institution | Position Value |
|---|---|
P Portman Square Capital LLP Hedge Fund•Vol Arbitrage | $10.2M 1.4K contracts |
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity | $6.4M 879.0 contracts |
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy | $3.8M 516.0 contracts |
J JANE STREET GROUP, LLC Institution | $1.5M 199.0 contracts |
Walleye Trading LLC RIA/Wealth | $234.4K 32.0 contracts |
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy | - - contracts |
Most Committed Institutions
Institutions with CMS as the highest % of their portfolio as of Q3 2025
| Institution | Portfolio Weight |
|---|---|
 Bruce & Co., Inc. Long Only Manager | 3.54% $11.4M |
 Beck Bode, LLC RIA/Wealth | 3.08% $19.0M |
V Vennlight Capital Management, LP Hedge Fund•Long/Short | 3.04% $2.3M |
R REAVES W H & CO INC Institution | 2.80% $157.4M |
 Partners Group Holding AG Private Equity | 2.30% $39.2M |
G Greenland Capital Management LP Hedge Fund•Multi-Strategy | 2.02% $13.0M |
R RWC Asset Management LLP Institution | 1.85% $33.0M |
 CONTRAVISORY INVESTMENT MANAGEMENT, INC. Long Only Manager | 1.79% $9.3M |
 BRASADA CAPITAL MANAGEMENT, LP Real Assets | 1.59% $9.3M |
T TORON CAPITAL MARKETS INC. Long Only Manager | 1.46% $25.4M |
Hedge Fund Spotlight
Discover hedge funds investing in CMS
SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC
Hedge Fund • Distressed
Portfolio ManagerLaurence L. Gottlieb
- Portfolio Value
- $2.6B
- Positions
- 549
- Last Reported
- Q3 2025
Sector Allocation
Position in CMS Energy
- Market Value
- $10.5M
- Shares Held
- 143.8K
- Portfolio Weight
- 0.41%
- Owned Since
- 2024-Q4
| Top Holding | Sector | Market Value | Weight |
|---|---|---|---|
Gold Basic Materials | $78.8M | 3.08% | |
Aerospace & Defense Industrials | $58.3M | 2.28% | |
Conglomerates Industrials | $51.1M | 2.00% |
