FirstEnergy

FE • NYSE

FirstEnergy is a regulated electric company in the utilities sector on NYSE, led by Steven E. Strah, with a market cap of $25.6B. As of Q3 2025, 90% of shares are held by 816 institutional investors, with Capital World Investors as the largest holder at 13.57%.

Acting CEOSteven E. Strah

Market Cap$25.6B

Regulated Electric

Utilities

Employees12.0K

Websitefirstenergycorp.com

Country

United States of America

Overview

Overview of institutional ownership in FE as of Q3 2025 with a market cap of $26.5B

All Institutions

Institutions: 816
Value Held: $23.7B
Shares Held: 509.0M
Avg Position: $29.1M
Median Position: $473.2K

Hedge Funds

Hedge Funds: 41
Value Held: $1.1B
Shares Held: 23.8M
Avg Position: $26.6M
Median Position: $4.6M

Ownership Breakdown

Institutional (non-HF)

85.5%

$22.6B

Hedge Funds

4.12%

$1.1B

Retail & Other

10.38%

$2.7B

Based on market cap of $26.5B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in FE as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
C Capital World Investors Institution	-	$3.6B 0.49% of portfolio	13.57% 78.3M shares	Q4 2022 Held for 2y 11m	$730.00B
VANGUARD GROUP INC Institution	Salim Ramji CEO	$3.1B 0.05% of portfolio	11.66% 67.3M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
B BlackRock, Inc. Institution	-	$2.1B 0.04% of portfolio	7.90% 45.6M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$1.8B 0.06% of portfolio	6.72% 38.8M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
Blackstone Group L.P. Institution	Jonathan D. Gray President	$1.3B 5.69% of portfolio	4.99% 28.8M shares	Q4 2020 Held for 4y 11m	$23.2B
Robeco Investment Management, Inc. Long Only Manager	Joseph Francis Feeney CEO	$841.2M 0.86% of portfolio	3.18% 18.3M shares	Q3 2022 Held for 3y 2m	$97.8B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$608.5M 0.04% of portfolio	2.31% 13.3M shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
VICTORY CAPITAL MANAGEMENT INC Long Only Manager	David Craig Brown CEO	$541.9M 0.34% of portfolio	0.61% 3.5M shares	Q4 2014 Held for 10y 11m	$158.22B
Invesco Ltd. ETF Provider	Brian Christopher Hartigan CEO	$535.6M 0.08% of portfolio	2.02% 11.7M shares	≤ Q2 2013 Held for 12y 5m+	$633.08B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$503.3M 0.03% of portfolio	1.90% 11.0M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T

Net Capital Flow

Institutional buying and selling activity for FE in Q3 2025

Traded: +$792.0M
Buyers: 443
Sellers: 302
Total Bought: +$1.4B
Total Sold: −$625.4M
Avg Position: $26.6M

Biggest Buyers

Institution	Net Bought	Current Position
VICTORY CAPITAL MANAGEMENT INC Long Only Manager	+$276.7M +1.8M shares	$541.9M 3.5M shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$165.7M +3.6M shares	$188.8M 4.1M shares
Robeco Investment Management, Inc. Long Only Manager	+$100.2M +2.2M shares	$841.2M 18.3M shares
Marshall Wace LLP Institution	+$84.4M +1.8M shares	$150.1M 3.3M shares
FEDERATED INVESTORS INC /PA/ Long Only Manager	+$79.7M +1.7M shares	$395.3M 8.6M shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$56.4M +1.2M shares	$57.3M 1.3M shares
FIRST TRUST ADVISORS LP ETF Provider	+$41.0M +894.5K shares	$137.1M 3.0M shares
PRUDENTIAL FINANCIAL INC Institution	+$40.0M +871.9K shares	$61.8M 1.3M shares
CITIGROUP INC Institution	+$37.7M +822.6K shares	$83.1M 1.8M shares
MORGAN STANLEY RIA/Wealth	+$36.4M +795.5K shares	$503.3M 11.0M shares

Biggest Sellers

Institution	Net Sold	Current Position
AMERIPRISE FINANCIAL INC Institution	−$83.0M −1.8M shares	$58.1M 1.3M shares
FMR LLC Institution	−$42.4M −924.4K shares	$318.5M 7.0M shares
VOLORIDGE INVESTMENT MANAGEMENT, LLC Hedge Fund•Multi-Strategy	−$30.5M −757.3K shares	Sold Off 0 shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$25.7M −561.7K shares	$359.5M 7.8M shares
Verition Fund Management LLC Hedge Fund•Multi-Strategy	−$25.6M −558.0K shares	$29.6M 646.9K shares
Invesco Ltd. ETF Provider	−$23.6M −514.6K shares	$535.6M 11.7M shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$19.6M −427.9K shares	$130.3M 2.8M shares
BARCLAYS PLC Institution	−$19.0M −413.9K shares	$58.2M 1.3M shares
C CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM Institution	−$18.1M −394.2K shares	$76.3M 1.7M shares
Soroban Capital Partners LLC Hedge Fund•Long/Short	−$16.2M −353.1K shares	$151.8M 3.3M shares

Entry and Exit Activity

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

New Positions: 49
New Value: $18.1M
Exited Positions: 77
Exited Value: $119.2M

New Positions

Institution	Position Value
Susquehanna Portfolio Strategies, LLC Private Equity	$5.8M 126.2K shares
C CAXTON ASSOCIATES LLP Institution	$5.0M 109.3K shares
Kiker Wealth Management, LLC RIA/Wealth	$660.8K 14.4K shares
Howard Capital Management Inc. Long Only Manager	$593.9K 13.0K shares
T TEMA ETFS LLC Institution	$472.8K 10.3K shares
Retirement Planning Group RIA/Wealth	$469.8K 10.3K shares
SUMMIT WEALTH GROUP LLC / CO RIA/Wealth	$428.6K 12.5K shares
Catalytic Wealth RIA, LLC RIA/Wealth	$423.3K 9.2K shares
F Farringdon Capital, Ltd. Institution	$307.7K 6.7K shares
SAGESPRING WEALTH PARTNERS, LLC RIA/Wealth	$285.5K 6.2K shares

Exited Positions

Institution	Previous Position
VOLORIDGE INVESTMENT MANAGEMENT, LLC Hedge Fund•Multi-Strategy	$30.5M 757.3K shares
LEUCADIA NATIONAL CORP Institution	$11.6M 288.5K shares
Y Y-Intercept Ltd Institution	$8.5M 212.2K shares
Magnetar Financial LLC Hedge Fund•Multi-Strategy	$6.9M 173.7K shares
H HRT FINANCIAL LLC Institution	$5.6M 138.4K shares
TWO SIGMA ADVISERS, LLC Hedge Fund•Multi-Strategy	$5.5M 136.7K shares
Edgestream Partners, L.P. Hedge Fund•Quant Macro	$4.6M 114.9K shares
S Sciencast Management LP Hedge Fund•Quant	$3.9M 97.4K shares
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$3.7M 92.9K shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	$3.5M 88.0K shares

Options Activity

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

Call Positions: 23
Call Value: $114.2M
Put Positions: 21
Put Value: $109.2M

Call Positions

Institution	Position Value
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$35.7M 7.8K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$17.5M 3.8K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$16.8M 3.7K contracts
GOLDMAN SACHS GROUP INC Institution	$8.7M 1.9K contracts
Walleye Trading LLC RIA/Wealth	$7.1M 1.5K contracts
J JANE STREET GROUP, LLC Institution	$3.5M 768.0 contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$2.8M 606.0 contracts
Verition Fund Management LLC Hedge Fund•Multi-Strategy	$2.7M 595.0 contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$2.6M 570.0 contracts
W WOLVERINE TRADING, LLC Institution	$2.6M 563.0 contracts

Put Positions

Institution	Position Value
P Portman Square Capital LLP Hedge Fund•Vol Arbitrage	$42.6M 9.3K contracts
J JANE STREET GROUP, LLC Institution	$14.7M 3.2K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$11.1M 2.4K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$11.1M 2.4K contracts
GOLDMAN SACHS GROUP INC Institution	$8.7M 1.9K contracts
P Parallax Volatility Advisers, LLC Hedge Fund•Vol Arbitrage	$5.1M 1.1K contracts
Verition Fund Management LLC Hedge Fund•Multi-Strategy	$3.6M 779.0 contracts
BANK OF AMERICA CORP /DE/ Institution	$2.3M 505.0 contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$2.0M 435.0 contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$2.0M 429.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Blackstone Group L.P. Institution	Jonathan D. Gray President	5.69% $1.3B	4.99% 28.8M shares	Q4 2020 Held for 4y 11m	$23.2B
CCM INVESTMENT ADVISERS LLC RIA/Wealth	Stephen Dele Kirkland Chairman	1.35% $13.6M	0.05% 297.1K shares	Q4 2023 Held for 1y 11m	$1.0B
Soroban Capital Partners LLC Hedge Fund•Long/Short	Vito Tanzi CFO	1.25% $151.8M	0.57% 3.3M shares	Q1 2024 Held for 1y 8m	$12.2B
M Millington Financial Advisors, LLC RIA/Wealth	Charles Glenn Millington CEO	1.10% $2.2M	0.01% 47.8K shares	Q4 2024 Held for 11 months	$203.4M
BECKER CAPITAL MANAGEMENT INC RIA/Wealth	Patrick Earl Becker CEO	1.08% $37.1M	0.14% 809.4K shares	Q1 2017 Held for 8y 8m	$3.4B
SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC Hedge Fund•Distressed	Laurence L. Gottlieb CEO	1.00% $25.6M	0.10% 559.4K shares	Q4 2024 Held for 11 months	$2.6B
Stablepoint Partners, LLC RIA/Wealth	Henry Jefferds Wheelwright Founder	0.96% $6.0M	0.02% 131.5K shares	Q4 2023 Held for 1y 11m	$630.0M
OLD REPUBLIC INTERNATIONAL CORP Institution	Craig Smiddy CEO	0.89% $23.9M	0.09% 521.5K shares	Q1 2025 Held for 8 months	$2.7B
Robeco Investment Management, Inc. Long Only Manager	Joseph Francis Feeney CEO	0.86% $841.2M	3.18% 18.3M shares	Q3 2022 Held for 3y 2m	$97.8B
HITE Hedge Asset Management LLC Hedge Fund•Long/Short	James Meyers Jampel Founder	0.84% $15.5M	0.06% 339.3K shares	Q3 2025 Held for 2 months	$1.8B

Hedge Fund Spotlight

Discover hedge funds investing in FE

Bayforest Capital Ltd

Hedge Fund • Quant

Portfolio ManagerTheodoros Tsagaris

Portfolio Value: $209.9M
Positions: 718
Last Reported: Q3 2025

Sector Allocation

Position in FirstEnergy

Market Value: $4.1K
Shares Held: 89.0
Portfolio Weight: 0.00%
Owned Since: 2025-Q2

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