Xcel Energy

XEL • NASDAQ

Xcel Energy is a regulated electric company in the utilities sector on NASDAQ, led by Robert C. Frenzel, with a market cap of $44.5B. As of Q3 2025, 91% of shares are held by 1,150 institutional investors, with VANGUARD GROUP INC as the largest holder at 12.97%.

President and Chief Executive OfficerRobert C. Frenzel

Market Cap$44.5B

Regulated Electric

Utilities

Employees11.3K

Websitexcelenergy.com

Country

United States of America

Overview

Overview of institutional ownership in XEL as of Q3 2025 with a market cap of $47.7B

All Institutions

Institutions: 1,150
Value Held: $43.4B
Shares Held: 538.6M
Avg Position: $37.8M
Median Position: $627.8K

Hedge Funds

Hedge Funds: 52
Value Held: $1.5B
Shares Held: 18.1M
Avg Position: $28.1M
Median Position: $5.6M

Ownership Breakdown

Institutional (non-HF)

87.99%

$42.0B

Hedge Funds

3.07%

$1.5B

Retail & Other

8.95%

$4.3B

Based on market cap of $47.7B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in XEL as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$6.2B 0.09% of portfolio	12.97% 76.7M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
B BlackRock, Inc. Institution	-	$4.2B 0.07% of portfolio	8.72% 51.6M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$2.9B 0.10% of portfolio	6.07% 35.9M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$2.3B 0.17% of portfolio	4.88% 28.9M shares	≤ Q2 2013 Held for 12y 5m+	$1.33T
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	Robert W Sharps President	$2.3B 0.25% of portfolio	4.72% 27.9M shares	≤ Q2 2013 Held for 12y 5m+	$912.31B
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$1.7B 0.11% of portfolio	3.56% 21.0M shares	≤ Q2 2013 Held for 12y 5m+	$1.56T
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Long Only Manager	Edward Murray Maloney CEO	$1.6B 0.49% of portfolio	3.30% 19.5M shares	≤ Q2 2013 Held for 12y 5m+	$322.72B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$1.3B 0.08% of portfolio	2.77% 16.4M shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
GQG Partners LLC Long Only Manager	Timothy Jacob Carver CEO	$1.1B 1.62% of portfolio	2.21% 13.1M shares	Q2 2025 Held for 5 months	$65.1B
Aristotle Capital Management, LLC Long Only Manager	Howard Roy Gleicher CEO	$980.9M 2.07% of portfolio	2.06% 12.2M shares	Q1 2022 Held for 3y 8m	$47.4B

Net Capital Flow

Institutional buying and selling activity for XEL in Q3 2025

Traded: +$2.2B
Buyers: 610
Sellers: 399
Total Bought: +$3.4B
Total Sold: −$1.2B
Avg Position: $35.5M

Biggest Buyers

Institution	Net Bought	Current Position
GOLDMAN SACHS GROUP INC Institution	+$235.1M +2.9M shares	$738.6M 9.2M shares
$DEUTSCHE BANK AG\ logo$ DEUTSCHE BANK AG\ Institution	+$217.3M +2.7M shares	$426.7M 5.3M shares
BANK OF AMERICA CORP /DE/ Institution	+$208.8M +2.6M shares	$2.3B 28.9M shares
BARCLAYS PLC Institution	+$173.0M +2.1M shares	$491.8M 6.1M shares
VANGUARD GROUP INC Institution	+$161.4M +2.0M shares	$6.2B 76.7M shares
STATE STREET CORP Institution	+$142.3M +1.8M shares	$2.9B 35.9M shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$134.6M +1.7M shares	$161.3M 2.0M shares
M MACQUARIE GROUP LTD Institution	+$109.9M +1.5M shares	$238.7M 3.2M shares
FRANKLIN RESOURCES INC Institution	+$100.3M +1.2M shares	$539.7M 6.7M shares
FEDERATED INVESTORS INC /PA/ Long Only Manager	+$94.3M +1.2M shares	$303.9M 3.8M shares

Biggest Sellers

Institution	Net Sold	Current Position
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	−$299.7M −3.7M shares	$2.3B 27.9M shares
M Mitsubishi UFJ Trust & Banking Corp Institution	−$83.8M −1.0M shares	$199.7M 2.5M shares
Z Zimmer Partners, LP Hedge Fund•Long/Short	−$78.1M −968.3K shares	$197.7M 2.5M shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$62.6M −776.4K shares	$75.8M 940.0K shares
Aristotle Capital Management, LLC Long Only Manager	−$59.3M −734.9K shares	$980.9M 12.2M shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$58.8M −728.7K shares	$181.3M 2.2M shares
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$34.8M −432.0K shares	$86.7M 1.1M shares
B BROOKFIELD ASSET MANAGEMENT INC. RIA/Wealth	−$31.7M −393.5K shares	$197.1M 2.4M shares
C CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM Institution	−$29.4M −364.5K shares	$145.3M 1.8M shares
S Squarepoint Ops LLC Hedge Fund•Quant	−$26.3M −325.5K shares	$29.7M 368.2K shares

Entry and Exit Activity

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

New Positions: 59
New Value: $30.4M
Exited Positions: 75
Exited Value: $158.3M

New Positions

Institution	Position Value
H HEARTLAND ADVISORS INC Long Only Manager	$9.9M 123.0K shares
Socorro Asset Management LP Hedge Fund•Multi-Strategy	$5.5M 67.6K shares
Jain Global LLC Hedge Fund•Multi-Strategy	$3.2M 40.1K shares
V VCI Wealth Management LLC Institution	$1.2M 14.6K shares
C CROBAN Institution	$954.4K 11.8K shares
IFG Advisory, LLC RIA/Wealth	$616.1K 7.6K shares
JACKSON SQUARE CAPITAL, LLC RIA/Wealth	$582.7K 7.2K shares
U UNIVERSITY OF TEXAS INVESTMENT MANAGMENT CO Institution	$529.8K 6.6K shares
KLEIN PAVLIS & PEASLEY FINANCIAL, INC. RIA/Wealth	$462.0K 5.7K shares
PARTNERS CAPITAL INVESTMENT GROUP, LLP Fund of Funds	$420.3K 5.2K shares

Exited Positions

Institution	Previous Position
JUPITER ASSET MANAGEMENT LTD Long Only Manager	$24.7M 362.0K shares
Sone Capital Management, LLC Hedge Fund•Multi-Strategy	$17.7M 259.9K shares
Y Yaupon Capital Management LP Hedge Fund•Multi-Strategy	$13.7M 201.5K shares
Gradient Investments LLC RIA/Wealth	$13.5M 198.0K shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	$12.5M 183.7K shares
A AXA Institution	$11.5M 169.3K shares
WORLDQUANT MILLENNIUM QUANTITATIVE STRATEGIES LLC Hedge Fund•Multi-Strategy	$9.0M 132.6K shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	$8.0M 117.5K shares
OCCUDO QUANTITATIVE STRATEGIES LP Hedge Fund•Market Neutral	$6.2M 91.6K shares
Aquatic Capital Management LLC Hedge Fund•Quant	$6.0M 88.6K shares

Options Activity

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

Call Positions: 21
Call Value: $127.2M
Put Positions: 14
Put Value: $51.7M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$46.0M 5.7K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$34.5M 4.3K contracts
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$19.5M 2.4K contracts
J JANE STREET GROUP, LLC Institution	$6.3M 781.0 contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$5.0M 626.0 contracts
D D. E. Shaw & Co., Inc. Institution	$3.4M 425.0 contracts
LEUCADIA NATIONAL CORP Institution	$2.8M 345.0 contracts
Walleye Trading LLC RIA/Wealth	$2.5M 309.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$2.0M 246.0 contracts
W WOLVERINE TRADING, LLC Institution	$1.2M 156.0 contracts

Put Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$26.2M 3.3K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$9.3M 1.1K contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$3.3M 404.0 contracts
GOLDMAN SACHS GROUP INC Institution	$2.8M 345.0 contracts
Walleye Trading LLC RIA/Wealth	$2.4M 303.0 contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$1.6M 193.0 contracts
J JANE STREET GROUP, LLC Institution	$1.4M 172.0 contracts
LEUCADIA NATIONAL CORP Institution	$1.4M 169.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$1.3M 161.0 contracts
W WOLVERINE TRADING, LLC Institution	$960.6K 120.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
T Teilinger Capital Ltd. Institution	-	17.74% $16.5M	0.03% 205.0K shares	Q1 2024 Held for 1y 8m	$93.2M
Electron Capital Partners, LLC Hedge Fund•Long/Short	Ran Nmn Zhou Managing Partner	6.14% $135.6M	0.28% 1.7M shares	Q3 2024 Held for 1y 2m	$2.2B
HITE Hedge Asset Management LLC Hedge Fund•Long/Short	James Meyers Jampel Founder	5.13% $94.3M	0.20% 1.2M shares	Q1 2021 Held for 4y 8m	$1.8B
Z Zimmer Partners, LP Hedge Fund•Long/Short	Stuart Jason Zimmer CEO	4.98% $197.7M	0.41% 2.5M shares	Q2 2023 Held for 2y 5m	$4.0B
Bruce & Co., Inc. Long Only Manager	Robert Jeffrey Bruce President	4.86% $15.7M	0.03% 194.5K shares	≤ Q2 2013 Held for 12y 5m+	$322.9M
O OPUS INVESTMENT MANAGEMENT INC Insurance Manager	Jeffrey Mark Farber Chairman	4.59% $7.4M	0.02% 91.7K shares	≤ Q2 2013 Held for 12y 5m+	$161.2M
R REAVES W H & CO INC Institution	-	4.55% $255.2M	0.54% 3.2M shares	Q1 2016 Held for 9y 8m	$5.6B
Beck Bode, LLC RIA/Wealth	Benjamin W Beck Managing Partner	3.57% $22.1M	0.05% 274.1K shares	Q4 2023 Held for 1y 11m	$618.9M
C Covalis Capital LLP Institution	-	3.47% $29.8M	0.06% 368.9K shares	Q3 2025 Held for 2 months	$856.8M
Merewether Investment Management, LP Hedge Fund•Sector	Rodney W. J. Saddington CEO	3.40% $142.3M	0.30% 1.8M shares	Q2 2025 Held for 5 months	$4.2B

Hedge Fund Spotlight

Discover hedge funds investing in XEL

WEXFORD CAPITAL LP

Hedge Fund • Multi-Strategy

Portfolio ManagerCharles Eugene Davidson

Portfolio Value: $330.0M
Positions: 393
Last Reported: Q3 2025

Sector Allocation

Position in Xcel Energy

Market Value: $702.8K
Shares Held: 8.7K
Portfolio Weight: 0.21%
Owned Since: 2024-Q1

Top Holding	Sector	Market Value	Weight
1 Mammoth Energy Services, Inc. TUSK	Conglomerates Industrials	$50.6M	15.33%
2 Nephros NEPH	Medical - Instruments & Supplies Healthcare	$17.1M	5.18%
3 Cornerstone Building Brands CNR	Unknown Unknown	$14.1M	4.28%