NRG Energy

NRG • NYSE

NRG Energy is a independent power producers company in the utilities sector on NYSE, led by Lawrence Coben, with a market cap of $30.9B. As of Q3 2025, 91% of shares are held by 1,019 institutional investors, with VANGUARD GROUP INC as the largest holder at 13.03%.

Interim Chief Executive OfficerLawrence Coben

Market Cap$30.9B

Independent Power Producers

Utilities

Employees18.1K

Websitenrg.com

Country

United States of America

Overview

Overview of institutional ownership in NRG as of Q3 2025 with a market cap of $31.3B

All Institutions

Institutions: 1,019
Value Held: $28.6B
Shares Held: 176.6M
Avg Position: $28.1M
Median Position: $922.8K

Hedge Funds

Hedge Funds: 92
Value Held: $2.1B
Shares Held: 13.2M
Avg Position: $23.2M
Median Position: $4.5M

Ownership Breakdown

Institutional (non-HF)

84.51%

$26.5B

Hedge Funds

6.8%

$2.1B

Retail & Other

8.69%

$2.7B

Based on market cap of $31.3B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in NRG as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$4.1B 0.06% of portfolio	13.03% 25.2M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
B BlackRock, Inc. Institution	-	$2.9B 0.05% of portfolio	9.19% 17.8M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
FMR LLC Institution	-	$2.4B 0.12% of portfolio	7.59% 14.7M shares	≤ Q2 2013 Held for 12y 5m+	$1.92T
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$1.7B 0.06% of portfolio	5.50% 10.6M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
FRANKLIN RESOURCES INC Institution	Gregory E. Johnson CEO	$1.3B 0.32% of portfolio	4.07% 7.9M shares	Q2 2020 Held for 5y 5m	$395.36B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$910.2M 0.06% of portfolio	2.87% 5.6M shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
Invesco Ltd. ETF Provider	Brian Christopher Hartigan CEO	$790.5M 0.12% of portfolio	2.52% 4.9M shares	≤ Q2 2013 Held for 12y 5m+	$633.08B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$767.9M 0.05% of portfolio	2.45% 4.7M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
LYRICAL ASSET MANAGEMENT LP Private Equity	Andrew Brian Wellington CIO	$516.6M 7.29% of portfolio	1.65% 3.2M shares	Q2 2020 Held for 5y 5m	$7.1B
VICTORY CAPITAL MANAGEMENT INC Long Only Manager	David Craig Brown CEO	$446.8M 0.28% of portfolio	1.43% 2.8M shares	Q4 2014 Held for 10y 11m	$158.22B

Net Capital Flow

Institutional buying and selling activity for NRG in Q3 2025

Traded: −$1.1B
Buyers: 518
Sellers: 469
Total Bought: +$2.8B
Total Sold: −$3.9B
Avg Position: $25.7M

Biggest Buyers

Institution	Net Bought	Current Position
FMR LLC Institution	+$842.6M +5.2M shares	$2.4B 14.7M shares
C CONSOLIDATED PRESS INTERNATIONAL HOLDINGS LTD Institution	+$98.4M +607.4K shares	$98.4M 607.4K shares
B BESSEMER GROUP INC Institution	+$97.3M +601.1K shares	$99.5M 614.5K shares
B BlackRock, Inc. Institution	+$96.5M +595.6K shares	$2.9B 17.8M shares
V Value Aligned Research Advisors, LLC Hedge Fund•Long/Short	+$86.8M +536.0K shares	$144.6M 893.0K shares
Merewether Investment Management, LP Hedge Fund•Sector	+$86.0M +530.7K shares	$86.0M 530.7K shares
TimesSquare Capital Management, LLC Long Only Manager	+$76.4M +471.8K shares	$76.4M 471.8K shares
F FRED ALGER MANAGEMENT INC Long Only Manager	+$69.2M +427.4K shares	$77.2M 476.8K shares
AMERIPRISE FINANCIAL INC Institution	+$69.1M +426.8K shares	$221.7M 1.4M shares
R Rokos Capital Management LLP Hedge Fund•Global Macro	+$68.3M +421.9K shares	$78.7M 485.9K shares

Biggest Sellers

Institution	Net Sold	Current Position
B Banco Santander, S.A. Institution	−$354.2M −2.2M shares	Sold Off 0 shares
GOLDMAN SACHS GROUP INC Institution	−$296.8M −1.8M shares	$218.2M 1.3M shares
J JANE STREET GROUP, LLC Institution	−$254.8M −1.6M shares	$125.7M 776.0K shares
VANGUARD GROUP INC Institution	−$189.1M −1.2M shares	$4.1B 25.2M shares
Holocene Advisors, LP Hedge Fund•Long/Short	−$186.2M −1.1M shares	$47.7M 294.6K shares
L LSV ASSET MANAGEMENT Long Only Manager	−$177.8M −1.1M shares	$73.8M 456.0K shares
Q Qube Research & Technologies Ltd Institution	−$142.5M −880.2K shares	$216.6M 1.3M shares
VICTORY CAPITAL MANAGEMENT INC Long Only Manager	−$136.6M −843.6K shares	$446.8M 2.8M shares
SCHWAB CHARLES INVESTMENT MANAGEMENT INC Long Only Manager	−$91.1M −562.4K shares	$208.1M 1.3M shares
Brandywine Global Investment Management, LLC Long Only Manager	−$89.2M −550.6K shares	$59.8M 369.0K shares

Entry and Exit Activity

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

New Positions: 73
New Value: $265.2M
Exited Positions: 94
Exited Value: $606.9M

New Positions

Institution	Position Value
C CONSOLIDATED PRESS INTERNATIONAL HOLDINGS LTD Institution	$98.4M 607.4K shares
TimesSquare Capital Management, LLC Long Only Manager	$76.4M 471.8K shares
WESTWOOD HOLDINGS GROUP INC Institution	$27.6M 170.6K shares
B Border to Coast Pensions Partnership Ltd Institution	$27.0M 166.7K shares
F Freestone Grove Partners LP Hedge Fund•Multi-Strategy	$5.3M 33.0K shares
ARGENT CAPITAL MANAGEMENT LLC Long Only Manager	$4.9M 30.4K shares
PREVAIL INNOVATIVE WEALTH ADVISORS, LLC RIA/Wealth	$4.2M 26.1K shares
IMC-Chicago, LLC RIA/Wealth	$3.4M 20.8K shares
V Vennlight Capital Management, LP Hedge Fund•Long/Short	$2.0M 12.5K shares
F First American Bank Institution	$2.0M 12.2K shares

Exited Positions

Institution	Previous Position
B Banco Santander, S.A. Institution	$354.2M 2.2M shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	$55.4M 345.0K shares
Encompass Capital Advisors LLC Hedge Fund•Long/Short	$32.1M 199.9K shares
Electron Capital Partners, LLC Hedge Fund•Long/Short	$30.2M 188.0K shares
F FORA Capital, LLC Hedge Fund•Quant	$12.5M 78.0K shares
P PINNBROOK CAPITAL MANAGEMENT LP Hedge Fund•Global Macro	$10.3M 63.9K shares
Laurion Capital Management LP Hedge Fund•Multi-Strategy	$9.1M 56.4K shares
Beacon Harbor Wealth Advisors, Inc. RIA/Wealth	$8.8M 54.9K shares
Connor, Clark & Lunn Investment Management Ltd. Long Only Manager	$7.0M 43.4K shares
E Engle Capital Management, L.P. Hedge Fund•Long/Short	$6.2M 38.6K shares

Options Activity

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

Call Positions: 34
Call Value: $460.7M
Put Positions: 28
Put Value: $438.4M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$100.4M 6.2K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$63.4M 3.9K contracts
J JANE STREET GROUP, LLC Institution	$51.3M 3.2K contracts
BANK OF AMERICA CORP /DE/ Institution	$40.5M 2.5K contracts
Walleye Trading LLC RIA/Wealth	$33.5M 2.1K contracts
W WOLVERINE TRADING, LLC Institution	$25.9M 1.6K contracts
BARCLAYS PLC Institution	$24.6M 1.5K contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$24.5M 1.5K contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$19.2M 1.2K contracts
C Cubist Systematic Strategies, LLC Institution	$16.6M 1.0K contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$121.5M 7.5K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$109.4M 6.8K contracts
J JANE STREET GROUP, LLC Institution	$70.9M 4.4K contracts
W WOLVERINE TRADING, LLC Institution	$25.0M 1.5K contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$19.9M 1.2K contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$18.5M 1.1K contracts
C Cubist Systematic Strategies, LLC Institution	$12.1M 745.0 contracts
P PEAK6 LLC Institution	$11.2M 690.0 contracts
WOLVERINE ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$9.9M 614.0 contracts
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$9.4M 578.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
C CONSOLIDATED PRESS INTERNATIONAL HOLDINGS LTD Institution	-	15.63% $98.4M	0.31% 607.4K shares	Q3 2025 Held for 2 months	$629.5M
P Permian Investment Partners, LP Hedge Fund•Long/Short	Britton Len Brown CFO	13.23% $125.0M	0.40% 771.6K shares	Q1 2017 Held for 8y 8m	$944.6M
Bluescape Energy Partners LLC Private Equity	C John Wilder Chairman	12.87% $55.4M	0.18% 342.3K shares	Q4 2017 Held for 7y 11m	$430.7M
Goodlander Investment Management, LLC Hedge Fund•Long/Short	Charles Anthony Labanowski Founder	9.88% $25.9M	0.08% 160.0K shares	Q1 2025 Held for 8 months	$262.3M
Luxor Capital Group, LP Hedge Fund•Multi-Strategy	Christian Alexander Leone CEO	9.01% $64.3M	0.21% 397.2K shares	Q1 2021 Held for 4y 8m	$713.8M
L Lonestar Capital Management LLC Institution	-	7.59% $9.7M	0.03% 60.0K shares	Q4 2024 Held for 11 months	$128.0M
LYRICAL ASSET MANAGEMENT LP Private Equity	Andrew Brian Wellington CIO	7.29% $516.6M	1.65% 3.2M shares	Q2 2020 Held for 5y 5m	$7.1B
Hiddenite Capital Partners LP Hedge Fund•Long/Short	Ryan Russell Packard Managing Partner	6.15% $11.3M	0.04% 70.0K shares	Q2 2024 Held for 1y 5m	$184.4M
W Wealth High Governance Capital Ltda Institution	-	5.93% $19.4M	0.06% 120.0K shares	Q1 2025 Held for 8 months	$327.9M
G Glendon Capital Management LP Hedge Fund•Distressed	Haig Mark Maghakian COO	5.57% $102.1M	0.33% 630.4K shares	Q3 2020 Held for 5y 2m	$1.8B

Hedge Fund Spotlight

Discover hedge funds investing in NRG

Hiddenite Capital Partners LP

Hedge Fund • Long/Short

Portfolio ManagerRyan Russell Packard

Portfolio Value: $184.4M
Positions: 17
Last Reported: Q3 2025

Sector Allocation

Position in NRG Energy

Market Value: $11.3M
Shares Held: 70.0K
Portfolio Weight: 6.15%
Owned Since: 2024-Q2

Top Holding	Sector	Market Value	Weight
1 Comfort Systems USA FIX	Engineering & Construction Industrials	$17.5M	9.48%
2 Solaris Energy Infrastructure SEI	Unknown Unknown	$14.0M	7.58%
3 Broadcom Inc. AVGO	Semiconductors Technology	$13.8M	7.47%