enCore Energy

EU • NASDAQ

enCore Energy is a uranium company in the energy sector on NASDAQ, led by Deborah A. Walker, with a market cap of $500.0M. As of Q3 2025, 45% of shares are held by 129 institutional investors, with VAN ECK ASSOCIATES CORP as the largest holder at 8.54%.

CEODeborah A. Walker

Market Cap$500.0M

Uranium

Energy

Employees21.0K

Websiteencoreuranium.com

Overview

Overview of institutional ownership in EU as of Q3 2025 with a market cap of $600.6M

All Institutions

Institutions: 129
Value Held: $272.8M
Shares Held: 84.9M
Avg Position: $2.1M
Median Position: $173.9K

Hedge Funds

Hedge Funds: 14
Value Held: $35.2M
Shares Held: 11.0M
Avg Position: $2.5M
Median Position: $655.1K

Ownership Breakdown

Institutional (non-HF)

39.56%

$237.6M

Hedge Funds

5.87%

$35.2M

Retail & Other

54.57%

$327.7M

Based on market cap of $600.6M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in EU as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VAN ECK ASSOCIATES CORP ETF Provider	Jan Frederick Vaneck CEO	$51.3M 0.05% of portfolio	8.54% 16.0M shares	Q1 2024 Held for 1y 8m	$96.6B
M MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Institution	-	$34.8M 0.06% of portfolio	5.77% 10.8M shares	Q2 2024 Held for 1y 5m	$61.8B
B BlackRock, Inc. Institution	-	$33.1M 0.00% of portfolio	5.51% 10.3M shares	Q2 2023 Held for 2y 5m	$5.67T
M MMCAP International Inc. SPC Institution	-	$13.9M 1.84% of portfolio	2.31% 4.3M shares	Q1 2024 Held for 1y 8m	$752.3M
Azarias Capital Management, L.P. Hedge Fund•Value	Daren Clark Heitman CIO	$12.9M 5.13% of portfolio	2.16% 4.0M shares	Q1 2023 Held for 2y 8m	$252.5M
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$10.9M 0.00% of portfolio	1.82% 3.4M shares	Q2 2023 Held for 2y 5m	$2.88T
Vident Advisory, LLC ETF Provider	Vince Leonard Birley CEO	$10.6M 0.10% of portfolio	1.76% 3.3M shares	Q3 2023 Held for 2y 2m	$10.2B
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	-	$8.3M 0.01% of portfolio	1.38% 2.6M shares	Q2 2023 Held for 2y 5m	$67.9B
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	Kenneth Cordele Griffin CEO	$7.9M 0.01% of portfolio	1.32% 2.5M shares	Q1 2023 Held for 2y 8m	$122.08B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$7.7M 0.00% of portfolio	1.27% 2.4M shares	Q2 2023 Held for 2y 5m	$1.57T

Net Capital Flow

Institutional buying and selling activity for EU in Q3 2025

Traded: +$57.7M
Buyers: 80
Sellers: 40
Total Bought: +$75.2M
Total Sold: −$17.5M
Avg Position: $1.9M

Biggest Buyers

Institution	Net Bought	Current Position
VAN ECK ASSOCIATES CORP ETF Provider	+$22.3M +6.9M shares	$51.3M 16.0M shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$7.9M +2.5M shares	$7.9M 2.5M shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	+$6.3M +2.0M shares	$8.3M 2.6M shares
L Lloyd Harbor Capital Management, LLC Hedge Fund•Multi-Strategy	+$6.1M +1.9M shares	$6.1M 1.9M shares
UBS Group AG Institution	+$4.8M +1.5M shares	$7.1M 2.2M shares
N NOMURA HOLDINGS INC Institution	+$4.6M +1.4M shares	$4.6M 1.4M shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	+$3.8M +1.2M shares	$3.8M 1.2M shares
$DEUTSCHE BANK AG\ logo$ DEUTSCHE BANK AG\ Institution	+$2.1M +642.8K shares	$2.4M 761.1K shares
MORGAN STANLEY RIA/Wealth	+$2.1M +638.7K shares	$6.8M 2.1M shares
M MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Institution	+$1.9M +583.0K shares	$34.8M 10.8M shares

Biggest Sellers

Institution	Net Sold	Current Position
SEGRA CAPITAL MANAGEMENT, LLC Hedge Fund•Sector	−$10.8M −3.8M shares	Sold Off 0 shares
Marshall Wace LLP Institution	−$2.4M −734.0K shares	$1.7M 528.1K shares
WINNOW WEALTH LLC RIA/Wealth	−$822.5K −287.6K shares	Sold Off 0 shares
BANK OF AMERICA CORP /DE/ Institution	−$651.5K −203.0K shares	$1.1M 345.6K shares
WELLINGTON MANAGEMENT CO LLP Long Only Manager	−$387.7K −120.8K shares	$173.9K 54.2K shares
Centiva Capital, LP Hedge Fund•Multi-Strategy	−$357.2K −124.9K shares	Sold Off 0 shares
V Vontobel Holding Ltd. Institution	−$280.4K −98.1K shares	Sold Off 0 shares
H HRT FINANCIAL LLC Institution	−$229.6K −80.3K shares	Sold Off 0 shares
VANGUARD GROUP INC Institution	−$206.7K −64.4K shares	$3.5M 1.1M shares
C CANTOR FITZGERALD, L. P. Institution	−$180.3K −63.0K shares	Sold Off 0 shares

Entry and Exit Activity

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

New Positions: 14
New Value: $6.8M
Exited Positions: 18
Exited Value: $13.1M

New Positions

Institution	Position Value
N NOMURA HOLDINGS INC Institution	$4.6M 1.4M shares
Nicholas Investment Partners, LP Long Only Manager	$844.0K 262.9K shares
D D. E. Shaw & Co., Inc. Institution	$538.5K 167.8K shares
IMC-Chicago, LLC RIA/Wealth	$246.4K 76.8K shares
Scientech Research LLC Hedge Fund•Market Neutral	$202.4K 63.1K shares
G GTS SECURITIES LLC Institution	$146.8K 45.7K shares
Caption Management, LLC Hedge Fund•Long/Short	$80.3K 25.0K shares
HOHIMER WEALTH MANAGEMENT, LLC RIA/Wealth	$62.4K 19.4K shares
B Bogart Wealth, LLC RIA/Wealth	$25.7K 8.0K shares
Hanson McClain, Inc. RIA/Wealth	$6.4K 2.0K shares

Exited Positions

Institution	Previous Position
SEGRA CAPITAL MANAGEMENT, LLC Hedge Fund•Sector	$10.8M 3.8M shares
WINNOW WEALTH LLC RIA/Wealth	$822.5K 287.6K shares
Centiva Capital, LP Hedge Fund•Multi-Strategy	$357.2K 124.9K shares
V Vontobel Holding Ltd. Institution	$280.4K 98.1K shares
H HRT FINANCIAL LLC Institution	$229.6K 80.3K shares
C CANTOR FITZGERALD, L. P. Institution	$180.3K 63.0K shares
C CIBC World Markets Inc. Institution	$133.3K 46.6K shares
O OMERS ADMINISTRATION Corp Institution	$102.1K 35.7K shares
Atomi Financial Group, Inc. RIA/Wealth	$57.4K 20.1K shares
H HSBC HOLDINGS PLC Institution	$49.2K 17.8K shares

Options Activity

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

Call Positions: 9
Call Value: $38.8M
Put Positions: 5
Put Value: $921.2K

Call Positions

Institution	Position Value
UBS Group AG Institution	$28.1M 87.4K contracts
P PEAK6 LLC Institution	$3.6M 11.1K contracts
BANK OF AMERICA CORP /DE/ Institution	$2.4M 7.4K contracts
P Parallax Volatility Advisers, LLC Hedge Fund•Vol Arbitrage	$1.8M 5.6K contracts
CITIGROUP INC Institution	$1.2M 3.7K contracts
J JANE STREET GROUP, LLC Institution	$1.1M 3.5K contracts
W WOLVERINE TRADING, LLC Institution	$383.8K 1.2K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$227.6K 709.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$90.8K 283.0 contracts

Put Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$686.6K 2.1K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$157.9K 492.0 contracts
W WOLVERINE TRADING, LLC Institution	$42.6K 138.0 contracts
J JANE STREET GROUP, LLC Institution	$33.7K 105.0 contracts
BANK OF MONTREAL /CAN/ Institution	$323.0 1.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Azarias Capital Management, L.P. Hedge Fund•Value	Daren Clark Heitman CIO	5.13% $12.9M	2.16% 4.0M shares	Q1 2023 Held for 2y 8m	$252.5M
S SOUTHPORT MANAGEMENT, L.L.C. Institution	-	2.98% $722.3K	0.12% 225.0K shares	Q1 2024 Held for 1y 8m	$24.2M
L Lloyd Harbor Capital Management, LLC Hedge Fund•Multi-Strategy	Timothy James Rotolo CEO	2.93% $6.1M	1.02% 1.9M shares	Q3 2025 Held for 2 months	$208.4M
M MMCAP International Inc. SPC Institution	-	1.84% $13.9M	2.31% 4.3M shares	Q1 2024 Held for 1y 8m	$752.3M
G GeoSphere Capital Management Hedge Fund•Long/Short	Arvind Singh Sanger CIO	0.74% $963.0K	0.16% 300.0K shares	Q3 2025 Held for 2 months	$131.0M
Accordant Advisory Group Inc RIA/Wealth	David Ritchie Mckee President	0.63% $925.9K	0.15% 288.4K shares	Q2 2024 Held for 1y 5m	$147.0M
Goehring & Rozencwajg Associates, LLC Long Only Manager	Adam Alexandar Rozencwajg Managing Partner	0.45% $3.7M	0.62% 1.2M shares	Q2 2023 Held for 2y 5m	$830.9M
MIRABELLA FINANCIAL SERVICES LLP Institution	Jared Corey Kushner CEO	0.24% $2.5M	0.42% 789.3K shares	Q4 2024 Held for 11 months	$1.1B
Vident Advisory, LLC ETF Provider	Vince Leonard Birley CEO	0.10% $10.6M	1.76% 3.3M shares	Q3 2023 Held for 2y 2m	$10.2B
Nicholas Investment Partners, LP Long Only Manager	Christopher Paul Siriani President	0.07% $844.0K	0.14% 262.9K shares	Q3 2025 Held for 2 months	$1.1B

Hedge Fund Spotlight

Discover hedge funds investing in EU

GeoSphere Capital Management

Hedge Fund • Long/Short

Portfolio ManagerArvind Singh Sanger

Portfolio Value: $131.0M
Positions: 40
Last Reported: Q3 2025

Sector Allocation

Position in enCore Energy

Market Value: $963.0K
Shares Held: 300.0K
Portfolio Weight: 0.74%
Owned Since: 2025-Q3

Top Holding	Sector	Market Value	Weight
1 National Energy Services Reunited NESR	Oil & Gas Equipment & Services Energy	$15.3M	11.66%
2 BKV BKV	Unknown Unknown	$6.5M	4.94%
3 Cameco CCJ	Uranium Energy	$5.7M	4.38%