Exelon

EXC • NASDAQ

Exelon is a regulated electric company in the utilities sector on NASDAQ, led by Calvin G. Butler, with a market cap of $43.9B. As of Q3 2025, 83% of shares are held by 1,151 institutional investors, with VANGUARD GROUP INC as the largest holder at 12.92%.

Chief Executive OfficerCalvin G. Butler

Market Cap$43.9B

Regulated Electric

Utilities

Employees20.0K

Websiteexeloncorp.com

Country

United States of America

Overview

Overview of institutional ownership in EXC as of Q3 2025 with a market cap of $45.5B

All Institutions

Institutions: 1,151
Value Held: $37.9B
Shares Held: 843.2M
Avg Position: $33.0M
Median Position: $569.6K

Hedge Funds

Hedge Funds: 57
Value Held: $1.0B
Shares Held: 22.7M
Avg Position: $17.9M
Median Position: $1.8M

Ownership Breakdown

Institutional (non-HF)

81.21%

$36.9B

Hedge Funds

2.24%

$1.0B

Retail & Other

16.55%

$7.5B

Based on market cap of $45.5B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in EXC as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$5.9B 0.09% of portfolio	12.92% 130.5M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
B BlackRock, Inc. Institution	-	$5.1B 0.09% of portfolio	11.11% 112.2M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$2.9B 0.10% of portfolio	6.34% 64.1M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$1.3B 0.08% of portfolio	2.82% 28.5M shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
FMR LLC Institution	-	$1.2B 0.06% of portfolio	2.68% 27.0M shares	≤ Q2 2013 Held for 12y 5m+	$1.92T
GQG Partners LLC Long Only Manager	Timothy Jacob Carver CEO	$1.2B 1.87% of portfolio	2.67% 27.0M shares	Q1 2025 Held for 8 months	$65.1B
LAZARD ASSET MANAGEMENT LLC Long Only Manager	Evan Lawrence Russo CEO	$1.0B 1.36% of portfolio	2.22% 22.4M shares	≤ Q2 2013 Held for 12y 5m+	$74.1B
$DEUTSCHE BANK AG\ logo$ DEUTSCHE BANK AG\ Institution	Kevin G. Burke CEO	$916.8M 0.31% of portfolio	2.02% 20.4M shares	Q2 2014 Held for 11y 5m	$298.06B
WELLINGTON MANAGEMENT CO LLP Long Only Manager	Jean Marie Hynes CEO	$840.0M 0.15% of portfolio	1.85% 18.7M shares	≤ Q2 2013 Held for 12y 5m+	$571.21B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$805.0M 0.05% of portfolio	1.77% 17.9M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T

Net Capital Flow

Institutional buying and selling activity for EXC in Q3 2025

Traded: +$767.3M
Buyers: 592
Sellers: 439
Total Bought: +$1.9B
Total Sold: −$1.2B
Avg Position: $30.8M

Biggest Buyers

Institution	Net Bought	Current Position
LAZARD ASSET MANAGEMENT LLC Long Only Manager	+$250.0M +5.6M shares	$1.0B 22.4M shares
A ANTIPODES PARTNERS Ltd Hedge Fund•Long/Short	+$160.0M +3.6M shares	$160.1M 3.6M shares
A Allianz Asset Management AG Institution	+$127.5M +2.8M shares	$202.7M 4.5M shares
FMR LLC Institution	+$82.0M +1.8M shares	$1.2B 27.0M shares
S Squarepoint Ops LLC Hedge Fund•Quant	+$66.9M +1.5M shares	$68.2M 1.5M shares
R ROYAL BANK OF CANADA Institution	+$58.9M +1.3M shares	$194.6M 4.3M shares
FIRST TRUST ADVISORS LP ETF Provider	+$58.3M +1.3M shares	$227.5M 5.1M shares
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$55.0M +1.2M shares	$174.7M 3.9M shares
Marshall Wace LLP Institution	+$54.5M +1.2M shares	$91.8M 2.0M shares
C Capital World Investors Institution	+$50.1M +1.1M shares	$50.1M 1.1M shares

Biggest Sellers

Institution	Net Sold	Current Position
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$115.7M −2.6M shares	$100.7M 2.2M shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$75.4M −1.7M shares	$558.4M 12.4M shares
B BlackRock, Inc. Institution	−$68.9M −1.5M shares	$5.1B 112.2M shares
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	−$55.7M −1.2M shares	$142.2M 3.2M shares
BARCLAYS PLC Institution	−$53.8M −1.2M shares	$214.9M 4.8M shares
ATLAS Infrastructure Partners Ltd. Real Assets	−$46.6M −1.0M shares	$223.6M 5.0M shares
MORGAN STANLEY RIA/Wealth	−$45.0M −1.0M shares	$805.0M 17.9M shares
VAUGHAN DAVID INVESTMENTS INC/IL RIA/Wealth	−$35.7M −793.6K shares	$4.7M 103.7K shares
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Long Only Manager	−$33.3M −740.0K shares	$652.8M 14.5M shares
FRANKLIN RESOURCES INC Institution	−$31.1M −691.9K shares	$267.3M 5.9M shares

Entry and Exit Activity

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

New Positions: 37
New Value: $8.7M
Exited Positions: 82
Exited Value: $152.6M

New Positions

Institution	Position Value
P PKO Investment Management Joint-Stock Co RIA/Wealth	$1.8M 39.0K shares
G Genus Capital Management Inc. Institution	$1.2M 26.0K shares
T TEMA ETFS LLC Institution	$805.5K 17.9K shares
Investment Research Partners LLC Hedge Fund•Multi-Strategy	$783.9K 16.6K shares
ARVEST INVESTMENTS, INC. RIA/Wealth	$543.8K 12.1K shares
Siligmueller & Norvid Wealth Advisors LLC RIA/Wealth	$405.0K 9.0K shares
I Inscription Capital, LLC RIA/Wealth	$401.5K 8.9K shares
MMA ASSET MANAGEMENT LLC Pension/Endowment	$364.4K 8.1K shares
E Eisler Capital Management Ltd. Institution	$290.5K 6.6K shares
Requisite Capital Management, LLC RIA/Wealth	$270.9K 6.0K shares

Exited Positions

Institution	Previous Position
A AXA Institution	$26.4M 607.4K shares
Connor, Clark & Lunn Investment Management Ltd. Long Only Manager	$22.8M 524.9K shares
HITE Hedge Asset Management LLC Hedge Fund•Long/Short	$18.5M 425.0K shares
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	$16.6M 381.3K shares
NLI INTERNATIONAL INC Insurance Manager	$10.4M 239.9K shares
G Greenland Capital Management LP Hedge Fund•Multi-Strategy	$9.1M 208.9K shares
Magnetar Financial LLC Hedge Fund•Multi-Strategy	$6.3M 145.3K shares
K KETTLE HILL CAPITAL MANAGEMENT, LLC Hedge Fund•Long/Short	$5.9M 135.3K shares
Edgestream Partners, L.P. Hedge Fund•Quant Macro	$5.4M 124.2K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$3.1M 71.0K shares

Options Activity

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

Call Positions: 30
Call Value: $205.2M
Put Positions: 25
Put Value: $120.8M

Call Positions

Institution	Position Value
UBS Group AG Institution	$45.8M 10.2K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$34.7M 7.7K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$27.1M 6.0K contracts
J JANE STREET GROUP, LLC Institution	$19.6M 4.4K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$17.9M 4.0K contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$15.1M 3.4K contracts
P PEAK6 LLC Institution	$6.8M 1.5K contracts
W WOLVERINE TRADING, LLC Institution	$6.5M 1.5K contracts
GOLDMAN SACHS GROUP INC Institution	$5.2M 1.2K contracts
N NOMURA HOLDINGS INC Institution	$5.1M 1.1K contracts

Put Positions

Institution	Position Value
UBS Group AG Institution	$37.3M 8.3K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$15.8M 3.5K contracts
GOLDMAN SACHS GROUP INC Institution	$13.4M 3.0K contracts
BANK OF AMERICA CORP /DE/ Institution	$10.9M 2.4K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$7.7M 1.7K contracts
Verition Fund Management LLC Hedge Fund•Multi-Strategy	$7.2M 1.6K contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$4.9M 1.1K contracts
H HSBC HOLDINGS PLC Institution	$4.0M 906.0 contracts
W WOLVERINE TRADING, LLC Institution	$3.4M 758.0 contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$3.1M 690.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
ATLAS Infrastructure Partners Ltd. Real Assets	Clinton Leigh Joyner COO	10.98% $223.6M	0.49% 5.0M shares	Q1 2024 Held for 1y 8m	$2.0B
R RWC Asset Management LLP Institution	-	4.97% $88.5M	0.19% 2.0M shares	Q4 2020 Held for 4y 11m	$1.8B
A ANTIPODES PARTNERS Ltd Hedge Fund•Long/Short	Andrew Findlay CEO	3.59% $160.1M	0.35% 3.6M shares	Q1 2025 Held for 8 months	$4.5B
Electron Capital Partners, LLC Hedge Fund•Long/Short	Ran Nmn Zhou Managing Partner	3.34% $73.7M	0.16% 1.6M shares	Q1 2025 Held for 8 months	$2.2B
A Ausbil Investment Management Ltd Long Only Manager	Mark Gregory Knight CEO	3.27% $6.1M	0.01% 136.2K shares	Q4 2022 Held for 2y 11m	$187.5M
TOBAM Long Only Manager	Christophe Eugéne Jean Lemarié CEO	2.43% $6.6M	0.01% 146.9K shares	Q3 2023 Held for 2y 2m	$272.0M
M MILLER HOWARD INVESTMENTS INC /NY Long Only Manager	Luan Elizabeth Jenifer CEO	2.01% $65.2M	0.14% 1.4M shares	Q1 2020 Held for 5y 8m	$3.3B
GQG Partners LLC Long Only Manager	Timothy Jacob Carver CEO	1.87% $1.2B	2.67% 27.0M shares	Q1 2025 Held for 8 months	$65.1B
O OPUS INVESTMENT MANAGEMENT INC Insurance Manager	Jeffrey Mark Farber Chairman	1.56% $2.5M	0.01% 56.0K shares	Q1 2018 Held for 7y 8m	$161.2M
PAYDEN & RYGEL Long Only Manager	Joan Ann Payden CEO	1.54% $18.3M	0.04% 405.9K shares	Q1 2022 Held for 3y 8m	$1.2B

Hedge Fund Spotlight

Discover hedge funds investing in EXC

PANAGORA ASSET MANAGEMENT INC

Hedge Fund • Quant

Portfolio ManagerBryan David Belton

Portfolio Value: $24.8B
Positions: 1,146
Last Reported: Q3 2025

Sector Allocation

Position in Exelon

Market Value: $144.2M
Shares Held: 3.2M
Portfolio Weight: 0.58%
Owned Since: 2013-Q2

Top Holding	Sector	Market Value	Weight
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2 Apple AAPL	Consumer Electronics Technology	$1.4B	5.65%
3 Microsoft MSFT	Software - Infrastructure Technology	$1.4B	5.45%