TXNM Energy

TXNM • XNYS

TXNM Energy is a electric services company on XNYS, with a market cap of $6.3B. As of Q3 2025, 100% of shares are held by 357 institutional investors, with BlackRock, Inc. as the largest holder at 12.02%.

Market Cap$6.3B

ELECTRIC SERVICES

Employees1.6K

Websitetxnmenergy.com

Overview

Overview of institutional ownership in TXNM as of Q3 2025 with a market cap of $6.0B

All Institutions

Institutions: 357
Value Held: $6.0B
Shares Held: 105.5M
Avg Position: $16.7M
Median Position: $1.0M

Hedge Funds

Hedge Funds: 55
Value Held: $1.5B
Shares Held: 25.8M
Avg Position: $26.6M
Median Position: $5.7M

Ownership Breakdown

Institutional (non-HF)

75.61%

$4.5B

Hedge Funds

24.53%

$1.5B

Retail & Other

Based on market cap of $6.0B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in TXNM as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$716.2M 0.01% of portfolio	12.02% 12.7M shares	Q2 2024 Held for 1y 5m	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$654.2M 0.01% of portfolio	10.98% 11.6M shares	Q2 2024 Held for 1y 5m	$6.69T
Blackstone Group L.P. Institution	Jonathan D. Gray President	$452.4M 1.95% of portfolio	7.59% 8.0M shares	Q2 2025 Held for 5 months	$23.2B
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	Dmitry Balyasny CIO	$228.6M 0.48% of portfolio	3.84% 4.0M shares	Q2 2024 Held for 1y 5m	$48.1B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$207.4M 0.01% of portfolio	3.48% 3.7M shares	Q2 2024 Held for 1y 5m	$2.88T
Z Zimmer Partners, LP Hedge Fund•Long/Short	Stuart Jason Zimmer CEO	$191.6M 4.82% of portfolio	3.22% 3.4M shares	Q2 2024 Held for 1y 5m	$4.0B
R REAVES W H & CO INC Institution	-	$144.3M 2.57% of portfolio	2.42% 2.6M shares	Q2 2024 Held for 1y 5m	$5.6B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$136.3M 0.01% of portfolio	2.29% 2.4M shares	Q2 2024 Held for 1y 5m	$1.57T
D D. E. Shaw & Co., Inc. Institution	-	$98.8M 0.09% of portfolio	1.66% 1.7M shares	Q2 2025 Held for 5 months	$115.81B
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	Dan Michael Berkovitz Chairman	$96.2M 0.08% of portfolio	1.61% 1.7M shares	Q2 2024 Held for 1y 5m	$121.98B

Net Capital Flow

Institutional buying and selling activity for TXNM in Q3 2025

Net Flow: −$113.7M
Buyers: 149
Sellers: 138
Total Bought: +$899.3M
Total Sold: −$1.0B
Avg Position: $16.8M

Biggest Buyers

Institution	Net Bought	Current Position
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$177.2M +3.1M shares	$228.6M 4.0M shares
VANGUARD GROUP INC Institution	+$90.4M +1.6M shares	$654.2M 11.6M shares
D D. E. Shaw & Co., Inc. Institution	+$82.9M +1.5M shares	$98.8M 1.7M shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$74.8M +1.3M shares	$96.2M 1.7M shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$56.7M +1.0M shares	$56.9M 1.0M shares
SONA ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$41.8M +738.6K shares	$94.1M 1.7M shares
Q Qube Research & Technologies Ltd Institution	+$39.4M +697.1K shares	$56.7M 1.0M shares
H HIGHBRIDGE CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$35.0M +619.1K shares	$36.7M 649.1K shares
N Neuberger Berman Group LLC Institution	+$25.4M +449.8K shares	$45.8M 810.1K shares
Governors Lane LP Hedge Fund•Event Driven	+$20.1M +355.3K shares	$39.1M 691.3K shares

Biggest Sellers

Institution	Net Sold	Current Position
T T. Rowe Price Investment Management, Inc. Insurance Manager	−$196.3M −3.5M shares	$53.9M 953.8K shares
ALLIANCEBERNSTEIN L.P. Long Only Manager	−$135.6M −2.4M shares	$53.7M 949.0K shares
FMR LLC Institution	−$109.5M −1.9M shares	$67.6M 1.2M shares
B BROOKFIELD ASSET MANAGEMENT INC. RIA/Wealth	−$71.9M −1.3M shares	$6.9K 122.0 shares
WESTWOOD HOLDINGS GROUP INC Institution	−$55.5M −981.6K shares	$277.5K 4.9K shares
COHEN & STEERS INC Institution	−$42.8M −759.5K shares	Sold Off 0 shares
GOLDMAN SACHS GROUP INC Institution	−$32.7M −577.6K shares	$71.4M 1.3M shares
VICTORY CAPITAL MANAGEMENT INC Long Only Manager	−$19.9M −352.4K shares	$12.5M 221.2K shares
A ADAGE CAPITAL PARTNERS GP LLC Institution	−$18.6M −329.5K shares	$81.1M 1.4M shares
WELLINGTON MANAGEMENT CO LLP Long Only Manager	−$18.6M −329.6K shares	Sold Off 0 shares

Entry and Exit Activity

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

New Positions: 38
New Value: $131.9M
Exited Positions: 36
Exited Value: $127.0M

New Positions

Institution	Position Value
Melqart Asset Management Ltd Hedge Fund•Multi-Strategy	$33.1M 584.8K shares
R READYSTATE ASSET MANAGEMENT LP Hedge Fund•Multi-Strategy	$25.8M 456.4K shares
H HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Institution	$9.1M 161.0K shares
A Athos Capital Ltd Institution	$8.1M 142.8K shares
STANSBERRY ASSET MANAGEMENT, LLC RIA/Wealth	$7.4M 131.2K shares
Phocas Financial Corp. Long Only Manager	$7.2M 128.0K shares
P Point72 Asia Pte. Ltd. Institution	$5.8M 102.0K shares
ANGELO GORDON & CO., L.P. Hedge Fund•Multi-Strategy	$5.7M 100.7K shares
P PICTON MAHONEY ASSET MANAGEMENT Institution	$5.7M 100.0K shares
BB&T CORP Institution	$4.4M 77.4K shares

Exited Positions

Institution	Previous Position
COHEN & STEERS INC Institution	$42.8M 759.5K shares
WELLINGTON MANAGEMENT CO LLP Long Only Manager	$18.6M 329.6K shares
LOOMIS SAYLES & CO L P Long Only Manager	$13.7M 244.0K shares
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC Long Only Manager	$12.7M 225.4K shares
Bridgewater Associates, LP Hedge Fund•Global Macro	$9.7M 171.6K shares
Ceredex Value Advisors LLC Long Only Manager	$7.4M 131.9K shares
E Eisler Capital Management Ltd. Institution	$4.5M 80.4K shares
T TD ASSET MANAGEMENT INC Institution	$3.1M 55.1K shares
Federation des caisses Desjardins du Quebec Fund of Funds	$2.5M 44.7K shares
JENNISON ASSOCIATES LLC Long Only Manager	$2.3M 40.3K shares

Options Activity

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

Call Positions: 1
Call Value: $271.4K
Put Positions: 2
Put Value: $2.1M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$271.4K 48.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$1.1M 196.0 contracts
Y Yaupon Capital Management LP Hedge Fund•Multi-Strategy	$1.0M 182.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
S Sand Grove Capital Management LLP Hedge Fund•Event Driven	Daniel Caplan CEO	16.39% $33.5M	0.56% 593.1K shares	Q2 2025 Held for 5 months	$204.7M
SONA ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	John Brian Aylward CEO	12.21% $94.1M	1.58% 1.7M shares	Q2 2025 Held for 5 months	$770.4M
Burren Capital Advisors Ltd Hedge Fund•Event Driven	Andrew Thomas Mcgrath Director	10.83% $3.6M	0.06% 63.2K shares	Q3 2025 Held for 2 months	$33.0M
A Athos Capital Ltd Institution	-	8.67% $8.1M	0.14% 142.8K shares	Q3 2025 Held for 2 months	$93.2M
H HIGHBRIDGE CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	Jason Keith Hempel CIO	6.14% $36.7M	0.62% 649.1K shares	Q2 2025 Held for 5 months	$597.8M
Governors Lane LP Hedge Fund•Event Driven	Isaac Daniel Corre CIO	5.49% $39.1M	0.66% 691.3K shares	Q2 2025 Held for 5 months	$712.0M
B Birnam Oak Advisors, LP Hedge Fund•Event Driven	Christopher Lord Delong CEO	5.41% $22.0M	0.37% 389.9K shares	Q2 2025 Held for 5 months	$407.3M
Z Zimmer Partners, LP Hedge Fund•Long/Short	Stuart Jason Zimmer CEO	4.82% $191.6M	3.22% 3.4M shares	Q2 2024 Held for 1y 5m	$4.0B
Melqart Asset Management Ltd Hedge Fund•Multi-Strategy	Michel Nmn Massoud CEO	4.32% $33.1M	0.55% 584.8K shares	Q3 2025 Held for 2 months	$766.2M
Empyrean Capital Partners, LP Hedge Fund•Event Driven	Amos Meron CIO	4.24% $81.6M	1.37% 1.4M shares	Q2 2024 Held for 1y 5m	$1.9B

Hedge Fund Spotlight

Discover hedge funds investing in TXNM

Squarepoint Ops LLC

Hedge Fund • Quant

Portfolio ManagerMichael Gottlieb

Portfolio Value: $46.9B
Positions: 2,529
Last Reported: Q3 2025

Sector Allocation

Position in TXNM Energy

Market Value: $12.1M
Shares Held: 214.7K
Portfolio Weight: 0.03%
Owned Since: 2024-Q2

Top Holding	Sector	Market Value	Weight
1 iShares Core S&P 500 ETF IVV	ETF ETF	$5.5B	11.75%
2 Amazon AMZN	Specialty Retail Consumer Cyclical	$983.1M	2.10%
3 Nvidia NVDA	Semiconductors Technology	$935.8M	2.00%