TLN Talen Energy Corporation - Common Stock
$351.25
Price · Aug 18, 2026
Fundamentals as of Aug 5, 2026
52W Range
$301–$451
33% of range
Analyst Rating
BUY
23 analysts
Price Target
$468
+33% upside
P/E (TTM)
-72.9
ROE
-17.7%
Net Profit Margin
-8.5%
TLN Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$351.25
Market Cap
$15.94B
P/E (TTM)
-72.9
EPS (TTM)
$-4.79
Revenue (TTM)
$2.58B
Div Yield
—
ROE
-17.7%
Debt/Equity
6.2
52W Range
$301 – $451
TLN Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$2.58B
2022-12-31
→
2025-12-31
EPS
$-4.79
2013-12-31
→
2025-12-31
Free Cash Flow
$606M
2015-12-31
→
2025-12-31
Margins
-8.5%
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
TLN
Peer Median
P/E (TTM)
-72.9
30.8
P/S (TTM)
6.2
2.4
P/B
14.6
8.0
EV / EBITDA
116.8
—
Price / FCF
26.3
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
TLN
Peer Median
Operating Margin
-3.5%
—
Net Profit Margin
-8.5%
5.2%
ROA
-2.6%
2.5%
ROE
-17.7%
16.6%
ROIC
-1.5%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
TLN
Peer Median
Debt / Equity
6.2
—
Current Ratio
1.3
0.8
Quick Ratio
0.8
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
TLN
Peer Median
Revenue YoY
22.0%
—
Revenue CAGR 3Y
-5.8%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
TLN
Peer Median
TLN Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
23 analysts
- Strong Buy 4 17.4%
- Buy 16 69.6%
- Hold 3 13.0%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
16 analysts · 2026-08-18
Median
$473.50
Now
$351.25
Low
$307.00
High
$595.00
Median target
$473.50
+34.8%
Mean target
$467.69
+33.2%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Beat Rate
50.0%
Avg Surprise
-2.1%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $-2.00 | $3.29 | -5.3% |
| March 31, 2026 | $1.33 | $4.76 | -3.4% |
| Dec. 31, 2025 | $-7.60 | $3.26 | -10.9% |
| Sept. 30, 2025 | $4.25 | $3.08 | 1.2% |
| June 30, 2025 | $1.50 | $-0.18 | 1.7% |
| March 31, 2025 | $-2.94 | $1.21 | -4.1% |
| Dec. 31, 2024 | $2.07 | $-0.13 | 2.2% |
| Sept. 30, 2024 | $3.16 | $1.18 | 2.0% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| TLN | $17.13B | -78.3 | 22.0% | -8.5% | -17.7% | — |
| VST | $54.54B | 74.0 | 3.0% | 5.3% | 17.7% | — |
| AES | $10.21B | 11.4 | -0.37% | 7.4% | 23.6% | 18.1% |
| HNRG | $834M | 19.8 | 16.2% | 8.9% | 29.7% | — |
| FISN | — | — | — | — | -234.2% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 12
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Revenue | $2.58B | $2.12B | · | |
| SG&A Expense | $624M | $163M | · | |
| Operating Income | $-90M | $226M | · | |
| Other Non-op | $10M | $61M | · | |
| Pretax Income | $-166M | $1.11B | · | |
| Income Tax | $53M | $98M | · | |
| Net Income | $-219M | $998M | · | |
| EPS (Basic) | $-4.79 | $18.40 | · | |
| EPS (Diluted) | $-4.79 | $17.67 | · | |
| Shares (Basic) | 45,692,000 | 54,254,000 | · | |
| Shares (Diluted) | 45,692,000 | 56,486,000 | · | |
| EBITDA | $189M | $524M | · |
Balance Sheet 25
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Cash & Equivalents | $689M | $328M | $400M | |
| Receivables | $160M | $66M | $52M | |
| Inventory | $278M | $302M | $375M | |
| Other Current Assets | $67M | $184M | $52M | |
| Current Assets | $1.35B | $1.04B | $1.55B | |
| PP&E (Net) | $7.55B | $3.15B | $3.84B | |
| PP&E (Gross) | $8.26B | $3.62B | $4.03B | |
| Accum. Depreciation | $710M | $465M | $186M | |
| Intangibles | · | · | $1M | |
| Other Non-current Assets | $106M | $183M | $147M | |
| Total Assets | $10.90B | $6.11B | $7.12B | |
| Short-term Debt | · | $0 | $6M | |
| Current Liabilities | $1.05B | $455M | $486M | |
| Deferred Tax | $486M | $362M | $407M | |
| Other Non-current Liabilities | $42M | $135M | $35M | |
| Total Liabilities | $9.81B | $4.72B | $4.59B | |
| Long-term Debt | $6.81B | $3.00B | $2.82B | |
| Total Debt | $6.81B | $3.00B | · | |
| Common Stock | $0 | $0 | $0 | |
| Paid-in Capital | $1.71B | $1.73B | $2.35B | |
| Retained Earnings | $-612M | $-326M | $134M | |
| AOCI | $-4M | $-12M | $-23M | |
| Stockholders' Equity | $1.09B | $1.39B | $2.46B | |
| Liabilities + Equity | $10.90B | $6.11B | $7.12B | |
| Shares Outstanding | 45,687,828 | 45,962,000 | 59,029,000 |
Cash Flow 14
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| D&A | $279M | $298M | · | |
| Stock-based Comp | $526M | $33M | · | |
| Deferred Tax | $120M | $-46M | · | |
| Restructuring | · | $0 | · | |
| Other Non-cash | $-2M | $-1.04B | · | |
| Operating Cash Flow | $704M | $256M | · | |
| CapEx | $98M | $85M | · | |
| Investing Cash Flow | $-4.00B | $1.17B | · | |
| Stock Repurchased | $103M | $1.96B | · | |
| Net Stock Activity | $-103M | $-1.96B | · | |
| Financing Cash Flow | $3.69B | $-1.96B | · | |
| Net Change in Cash | $387M | $-536M | · | |
| Taxes Paid | $71M | $20M | · | |
| Free Cash Flow | $606M | $171M | · |
Profitability 7
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Operating Margin | -3.5% | 10.7% | · | |
| Net Margin | -8.5% | 47.9% | · | |
| Pretax Margin | -6.4% | 52.5% | · | |
| EBITDA Margin | 7.3% | 24.8% | · | |
| ROA | -2.6% | 15.3% | · | |
| ROE | -17.7% | 52.7% | · | |
| ROIC | -1.5% | 4.7% | · |
Liquidity & Solvency 4
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Current Ratio | 1.3 | 2.3 | · | |
| Quick Ratio | 0.8 | 0.9 | · | |
| Debt / Equity | 6.2 | 2.2 | · | |
| LT Debt / Equity | 6.2 | 2.2 | · |
Efficiency 2
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Asset Turnover | 0.3 | 0.3 | · | |
| Receivables Turnover | 22.8 | 35.8 | · |
Growth Rates 2
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Revenue YoY | 22.0% | · | · | |
| Revenue CAGR 3Y | -5.8% | · | · |
Valuation (TTM) 14
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Revenue TTM | $2.58B | $2.12B | · | |
| Net Income TTM | $-219M | $998M | · | |
| Market Cap | $17.13B | $9.26B | · | |
| Enterprise Value | $23.25B | $11.94B | · | |
| P/E | -78.3 | 11.4 | · | |
| P/S | 6.6 | 4.4 | · | |
| P/B | 15.7 | 6.7 | · | |
| P / Tangible Book | 15.7 | 6.7 | · | |
| P / Cash Flow | 24.3 | 36.2 | · | |
| P / FCF | 28.3 | 54.2 | · | |
| EV / EBITDA | 123.0 | 22.8 | · | |
| EV / FCF | 38.4 | 69.8 | · | |
| EV / Revenue | 9.0 | 5.6 | · | |
| Earnings Yield | -1.3% | 8.8% | · |
Income Statement 13
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $747M | $1.13B | $749M | $812M | $630M | $390M | $467M | $650M | $489M | $509M | |
| R&D Expense | · | · | · | · | · | · | · | $1M | $0 | · | |
| SG&A Expense | $98M | $24M | $511M | $38M | $41M | $34M | $42M | $38M | $40M | $43M | |
| Operating Income | $-72M | $210M | $-313M | $263M | $66M | $-106M | $16M | $158M | $27M | $25M | |
| Other Non-op | $23M | $12M | $1M | $2M | $13M | $5M | $1M | $20M | $17M | $23M | |
| Pretax Income | $-129M | $81M | $-380M | $304M | $97M | $-187M | $-26M | $179M | $570M | $388M | |
| Income Tax | $-37M | $18M | $-17M | $97M | $25M | $-52M | $-94M | $11M | $112M | $69M | |
| Net Income | $-92M | $63M | $-363M | $207M | $72M | $-135M | $82M | $168M | $454M | $294M | |
| EPS (Basic) | $-2.00 | $1.38 | $-7.95 | $4.52 | $1.58 | $-2.94 | $2.20 | $3.30 | $7.90 | $5.00 | |
| EPS (Diluted) | $-2.00 | $1.33 | $-7.60 | $4.25 | $1.50 | $-2.94 | $2.07 | $3.16 | $7.60 | $4.84 | |
| Shares (Basic) | 45,904,000 | 45,612,000 | -91,395,000 | 45,684,000 | 45,554,000 | 45,849,000 | -112,911,000 | 50,924,000 | 57,434,000 | 58,807,000 | |
| Shares (Diluted) | 45,904,000 | 47,431,000 | -96,644,000 | 48,582,000 | 47,905,000 | 45,849,000 | -117,174,000 | 53,169,000 | 59,775,000 | 60,716,000 | |
| EBITDA | $31M | $302M | · | $324M | $136M | $-32M | · | $158M | $27M | · |
Balance Sheet 25
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $231M | $1.02B | $689M | $497M | $122M | $295M | $328M | $648M | $632M | · | |
| Receivables | $240M | $109M | $160M | $115M | $154M | $52M | $66M | $50M | $104M | · | |
| Inventory | $298M | $244M | $278M | $263M | $224M | $219M | $302M | $297M | $280M | · | |
| Other Current Assets | $67M | $47M | $67M | $63M | $165M | $174M | $184M | $97M | $380M | · | |
| Current Assets | $1.03B | $1.51B | $1.35B | $1.05B | $830M | $846M | $1.04B | $1.67B | $1.95B | · | |
| PP&E (Net) | $11.93B | $7.50B | $7.55B | $3.08B | $3.09B | $3.14B | $3.15B | $3.23B | $3.25B | · | |
| PP&E (Gross) | $12.78B | $8.31B | $8.26B | $3.71B | $3.65B | $3.68B | $3.62B | $3.64B | $3.59B | · | |
| Accum. Depreciation | $850M | $808M | $710M | $630M | $563M | $538M | $465M | $414M | $336M | · | |
| Intangibles | · | · | · | · | · | · | · | · | $1M | · | |
| Other Non-current Assets | $106M | $106M | $106M | $103M | $118M | $159M | $183M | $188M | $207M | · | |
| Total Assets | $15.07B | $10.99B | $10.90B | $6.10B | $5.83B | $5.87B | $6.11B | $6.85B | $7.08B | · | |
| Short-term Debt | · | · | · | · | · | · | · | $0 | $0 | · | |
| Current Liabilities | $1.32B | $1.21B | $1.05B | $457M | $452M | $522M | $455M | $408M | $433M | · | |
| Deferred Tax | $904M | $487M | $486M | $409M | $297M | $294M | $362M | $452M | $495M | · | |
| Other Non-current Liabilities | $36M | $46M | $42M | $36M | $38M | $95M | $135M | $130M | $127M | · | |
| Total Liabilities | $13.43B | $9.92B | $9.81B | $4.63B | $4.58B | $4.68B | $4.72B | $4.40B | $4.51B | · | |
| Long-term Debt | $9.57B | $6.81B | $6.81B | $2.99B | $2.99B | $2.99B | $3.00B | $2.62B | $2.63B | · | |
| Total Debt | $9.57B | $6.81B | · | $2.99B | $2.99B | $2.99B | · | $2.62B | $2.63B | · | |
| Common Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | · | |
| Paid-in Capital | $2.53B | $1.72B | $1.71B | $1.73B | $1.71B | $1.72B | $1.73B | $1.98B | $2.09B | · | |
| Retained Earnings | $-905M | $-638M | $-612M | $-249M | $-456M | $-528M | $-326M | $412M | $448M | · | |
| AOCI | $-12M | $-11M | $-4M | $-8M | $-9M | $-10M | $-12M | $-5M | $-29M | · | |
| Stockholders' Equity | $1.62B | $1.07B | $1.09B | $1.47B | $1.25B | $1.18B | $1.39B | $2.39B | $2.51B | · | |
| Liabilities + Equity | $15.07B | $10.99B | $10.90B | $6.10B | $5.83B | $5.87B | $6.11B | $6.85B | $7.08B | · | |
| Shares Outstanding | 47,900,355 | 45,395,007 | 45,687,828 | 45,687,828 | 45,659,227 | 45,509,780 | 45,961,910 | 50,855,417 | 53,254,954 | · |
Cash Flow 13
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $103M | $92M | $74M | $61M | $70M | $74M | $73M | $75M | $75M | $75M | |
| Stock-based Comp | $70M | $-1M | $484M | $15M | $16M | $11M | $9M | $8M | $8M | $8M | |
| Deferred Tax | $-39M | $5M | $76M | $110M | $4M | $-70M | $-85M | $-55M | $37M | $57M | |
| Other Non-cash | · | $302M | · | · | · | $239M | · | · | · | · | |
| Operating Cash Flow | $-434M | $461M | $280M | $489M | $-184M | $119M | $10M | $96M | $-23M | $173M | |
| CapEx | $139M | $42M | $26M | $21M | $33M | $18M | $27M | $13M | $20M | $25M | |
| Investing Cash Flow | $-2.75B | $-72M | $-3.85B | $-42M | $-46M | $-68M | $-54M | $246M | $714M | $265M | |
| Stock Repurchased | $198M | $100M | $0 | $0 | $20M | $83M | $1.00B | $302M | $624M | $30M | |
| Net Stock Activity | · | $-100M | · | · | · | $-83M | · | · | · | · | |
| Financing Cash Flow | $2.40B | $-114M | $3.82B | $-85M | $45M | $-96M | $-723M | $-325M | $-656M | $-259M | |
| Net Change in Cash | $-789M | $275M | $255M | $362M | $-185M | $-45M | $-767M | $17M | $35M | $179M | |
| Taxes Paid | $3M | $-4M | $-2M | $3M | $51M | $19M | $6M | $5M | $9M | $0 | |
| Free Cash Flow | · | $419M | · | · | · | $101M | · | · | · | · |
Profitability 7
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | -9.6% | 18.6% | · | 32.4% | 10.5% | -27.2% | · | 24.3% | 5.5% | · | |
| Net Margin | -12.3% | 5.6% | · | 25.5% | 11.4% | -34.6% | · | 25.9% | 93.7% | · | |
| Pretax Margin | -17.3% | 7.2% | · | 37.4% | 15.4% | -47.9% | · | 27.5% | 116.6% | · | |
| EBITDA Margin | 4.2% | 26.8% | · | 39.9% | 21.6% | -8.2% | · | 24.3% | 5.5% | · | |
| ROA | -0.88% | 0.75% | · | 3.2% | 1.1% | -1.5% | · | 1.7% | 4.7% | · | |
| ROE | -6.4% | 5.6% | · | 10.7% | 3.8% | -4.8% | · | 4.8% | 13.1% | · | |
| ROIC | -0.46% | 2.1% | · | 4.0% | 1.2% | -1.8% | · | 3.0% | 0.42% | · |
Liquidity & Solvency 4
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.8 | 1.2 | · | 2.3 | 1.8 | 1.6 | · | 4.1 | 4.5 | · | |
| Quick Ratio | 0.4 | 0.9 | · | 1.3 | 0.6 | 0.7 | · | 1.7 | 1.7 | · | |
| Debt / Equity | 5.9 | 6.3 | · | 2.0 | 2.4 | 2.5 | · | 1.1 | 1.0 | · | |
| LT Debt / Equity | 5.9 | 6.3 | · | 2.0 | 2.4 | 2.5 | · | 1.1 | 1.0 | · |
Efficiency 2
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.0 | · | 0.1 | 0.1 | · | |
| Receivables Turnover | 3.8 | 14.0 | · | 9.8 | 4.9 | 3.1 | · | 5.0 | 3.0 | · |
Valuation (TTM) 14
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $3.32B | $2.96B | · | $2.48B | $2.16B | $2.04B | · | $2.16B | · | · | |
| Net Income TTM | $250M | $207M | · | $312M | $559M | $781M | · | $840M | · | · | |
| Market Cap | $18.41B | $14.49B | · | $19.43B | $13.28B | $9.09B | · | $9.06B | $5.91B | · | |
| Enterprise Value | $27.75B | $20.27B | · | $21.92B | $16.14B | $11.78B | · | $11.04B | $7.91B | · | |
| P/E | 75.6 | 77.1 | · | 71.3 | 31.2 | 15.8 | · | 12.5 | · | · | |
| P/S | 5.5 | 4.9 | · | 7.8 | 6.1 | 4.5 | · | 4.2 | · | · | |
| P/B | 11.4 | 13.5 | · | 13.2 | 10.7 | 7.7 | · | 3.8 | 2.4 | · | |
| P / Tangible Book | 11.4 | 13.5 | · | 13.2 | 10.7 | 7.7 | · | 3.8 | 2.4 | · | |
| P / Cash Flow | · | 31.4 | · | · | · | 76.4 | · | · | · | · | |
| P / FCF | · | 34.6 | · | · | · | 90.0 | · | · | · | · | |
| EV / EBITDA | 895.1 | 67.1 | · | 67.7 | 118.7 | -368.2 | · | 69.9 | 292.8 | · | |
| EV / FCF | · | 48.4 | · | · | · | 116.7 | · | · | · | · | |
| EV / Revenue | 8.4 | 6.8 | · | 8.8 | 7.5 | 5.8 | · | 5.1 | · | · | |
| Earnings Yield | 1.3% | 1.3% | · | 1.4% | 3.2% | 6.3% | · | 8.0% | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2023-05-17 | 2023-05-16 | |
|---|---|---|---|---|---|
| Revenue | $2.58B | $2.12B | — | — | — |
| Operating Margin % | -3.5% | 10.7% | — | — | — |
| Net Income | $-219M | $998M | — | — | — |
| Diluted EPS | $-4.79 | $17.67 | — | — | — |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2023-05-17 | 2023-05-16 | |
|---|---|---|---|---|---|
| Debt / Equity | 6.2 | 2.2 | — | — | — |
| Current Ratio | 1.3 | 2.3 | — | — | — |
| Quick Ratio | 0.8 | 0.9 | — | — | — |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2023-05-17 | 2023-05-16 | |
|---|---|---|---|---|---|
| Free Cash Flow | $606M | $171M | — | — | — |
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Institutional owners (13F) 710 filers · $16.5B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 154 (+40 vs prior Q) | 70 (-25 vs prior Q) | 241 (0 vs prior Q) | 201 (+24 vs prior Q) | +8.7M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| Rubric Capital Management LP | $1,384,170,228 | 3,602,171 | 8.38% | Shares |
| MFN Partners Management, LP | $1,152,780,000 | 3,000,000 | 6.98% | Shares |
| ECP ControlCo, LLC | $922,223,232 | 2,399,998 | 5.58% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $832,682,966 | 2,166,978 | 5.04% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $789,073,683 | 2,053,489 | 4.78% | Shares |
| FRED ALGER MANAGEMENT, LLC | $594,247,715 | 1,546,473 | 3.60% | Shares |
| STATE STREET CORP | $530,239,990 | 1,379,899 | 3.21% | Shares |
| Sachem Head Capital Management LP | $526,436,200 | 1,370,000 | 3.19% | Shares |
| JANE STREET GROUP, LLC | $455,540,230 | 1,185,500 | 2.76% | Put option |
| REAVES W H & CO INC | $405,343,578 | 1,054,868 | 2.45% | Shares |
| CARRONADE CAPITAL MANAGEMENT, LP | $305,684,000 | 795,514 | 1.85% | Shares |
| MILLENNIUM MANAGEMENT LLC | $300,282,667 | 781,457 | 1.82% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $299,181,025 | 778,304 | 1.81% | Shares |
| Capital World Investors | $291,268,696 | 757,999 | 1.76% | Shares |
| JANE STREET GROUP, LLC | $240,124,074 | 624,900 | 1.45% | Call option |
| CITADEL ADVISORS LLC | $228,634,700 | 595,000 | 1.38% | Call option |
| NORGES BANK | $222,826,610 | 579,885 | 1.35% | Shares |
| Attestor Capital Ltd | $218,963,644 | 569,832 | 1.33% | Shares |
| CITADEL ADVISORS LLC | $216,184,676 | 562,600 | 1.31% | Put option |
| Two Seas Capital LP | $194,899,746 | 507,208 | 1.18% | Shares |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | $191,230,832 | 497,660 | 1.16% | Shares |
| Capital Research Global Investors | $167,380,582 | 435,592 | 1.01% | Shares |
| Assenagon Asset Management S.A. | $167,048,581 | 434,728 | 1.01% | Shares |
| AMERICAN CENTURY COMPANIES INC | $164,510,692 | 428,122 | 1.00% | Shares |
| YACKTMAN ASSET MANAGEMENT LP | $138,256,748 | 359,800 | 0.84% | Shares |
| FMR LLC | $134,235,851 | 349,336 | 0.81% | Shares |
| JANE STREET GROUP, LLC | $131,529,124 | 342,292 | 0.80% | Shares |
| Clearbridge Investments, LLC | $128,156,666 | 333,515 | 0.78% | Shares |
| OAKTREE CAPITAL MANAGEMENT LP | $127,235,018 | 331,117 | 0.77% | Shares |
| Walleye Trading LLC | $115,777,538 | 301,300 | 0.70% | Call option |
| VANGUARD FIDUCIARY TRUST CO | $111,939,165 | 291,311 | 0.68% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $109,688,938 | 285,455 | 0.66% | Shares |
| DG Capital Management, LLC | $108,784,006 | 283,100 | 0.66% | Call option |
| Pictet Asset Management Holding SA | $105,074,744 | 273,447 | 0.64% | Shares |
| VANGUARD GROUP INC | $104,182,280 | 277,938 | 0.63% | Shares |
| Deltroit Asset Management (UK) LLP | $100,868,250 | 262,500 | 0.61% | Shares |
| Blue Grotto Capital, LLC | $100,301,850 | 261,026 | 0.61% | Shares |
| GOLDMAN SACHS GROUP INC | $93,386,849 | 243,030 | 0.57% | Shares |
| Squarepoint Ops LLC | $81,717,116 | 212,661 | 0.49% | Shares |
| BARCLAYS PLC | $78,810,957 | 205,098 | 0.48% | Shares |
| TREMBLANT CAPITAL GROUP | $75,972,813 | 197,712 | 0.46% | Shares |
| WOLVERINE TRADING, LLC | $75,137,020 | 178,600 | 0.45% | Call option |
| Yaupon Capital Management LP | $74,410,796 | 193,647 | 0.45% | Shares |
| JENNISON ASSOCIATES LLC | $71,133,827 | 185,119 | 0.43% | Shares |
| Bornite Capital Management LP | $60,520,950 | 157,500 | 0.37% | Shares |
| Merewether Investment Management, LP | $59,464,235 | 154,750 | 0.36% | Shares |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | $56,988,064 | 148,306 | 0.34% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $54,329,369 | 141,387 | 0.33% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $52,284,721 | 136,066 | 0.32% | Shares |
| WESTFIELD CAPITAL MANAGEMENT CO LP | $51,905,457 | 135,079 | 0.31% | Shares |
| Artemis Investment Management LLP | $51,736,382 | 134,639 | 0.31% | Shares |
| US BANCORP \DE\ | $50,744,607 | 132,058 | 0.31% | Shares |
| BANK OF NOVA SCOTIA | $48,784,306 | 126,935 | 0.30% | Shares |
| FIL Ltd | $48,652,311 | 126,613 | 0.29% | Shares |
| MILLENNIUM MANAGEMENT LLC | $48,186,204 | 125,400 | 0.29% | Put option |
| TORTOISE CAPITAL ADVISORS, L.L.C. | $48,083,222 | 125,132 | 0.29% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $48,036,727 | 125,011 | 0.29% | Shares |
| DENDUR CAPITAL LP | $47,648,240 | 124,000 | 0.29% | Shares |
| Holocene Advisors, LP | $47,633,638 | 123,962 | 0.29% | Shares |
| Bridgewater Associates, LP | $46,689,896 | 121,506 | 0.28% | Shares |
| RHUMBLINE ADVISERS | $45,988,553 | 119,681 | 0.28% | Shares |
| GILDER GAGNON HOWE & CO LLC | $45,471,407 | 118,335 | 0.28% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $43,444,051 | 113,059 | 0.26% | Shares |
| Qube Research & Technologies Ltd | $41,734,863 | 108,611 | 0.25% | Shares |
| Charter Oak Advisors LP | $41,243,010 | 107,331 | 0.25% | Shares |
| Walleye Trading LLC | $40,462,578 | 105,300 | 0.24% | Put option |
| PRINCIPAL FINANCIAL GROUP INC | $39,416,238 | 102,577 | 0.24% | Shares |
| DG Capital Management, LLC | $39,389,340 | 102,507 | 0.24% | Shares |
| Clearline Capital LP | $39,131,501 | 101,836 | 0.24% | Shares |
| LPL Financial LLC | $38,749,853 | 100,842 | 0.23% | Shares |
| EVENTIDE ASSET MANAGEMENT, LLC | $37,509,909 | 97,373 | 0.23% | Shares |
| Portolan Capital Management, LLC | $34,703,289 | 90,312 | 0.21% | Shares |
| SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC | $34,583,400 | 90,000 | 0.21% | Shares |
| TRAN CAPITAL MANAGEMENT, L.P. | $34,364,371 | 89,430 | 0.21% | Shares |
| Gotham Asset Management, LLC | $33,042,133 | 85,989 | 0.20% | Shares |
| MARSICO CAPITAL MANAGEMENT LLC | $31,582,714 | 82,191 | 0.19% | Shares |
| Swiss National Bank | $31,509,320 | 82,000 | 0.19% | Shares |
| JACOBS LEVY EQUITY MANAGEMENT, INC | $31,326,028 | 81,523 | 0.19% | Shares |
| Maple Rock Capital Partners Inc. | $30,856,078 | 80,300 | 0.19% | Shares |
| Glendon Capital Management LP | $30,661,258 | 79,793 | 0.19% | Shares |
| Apis Capital Advisors, LLC | $29,972,280 | 78,000 | 0.18% | Shares |
| LOOMIS SAYLES & CO L P | $29,584,965 | 76,992 | 0.18% | Shares |
| CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT | $29,511,168 | 76,800 | 0.18% | Shares |
| UBS Group AG | $29,500,024 | 76,771 | 0.18% | Shares |
| EXCHANGE TRADED CONCEPTS, LLC | $28,625,449 | 74,495 | 0.17% | Shares |
| Brookfield Corp /ON/ | $28,572,421 | 74,357 | 0.17% | Shares |
| CastleKnight Management LP | $26,898,200 | 70,000 | 0.16% | Call option |
| STIFEL FINANCIAL CORP | $26,506,701 | 68,981 | 0.16% | Shares |
| Alphadyne Asset Management LP | $26,014,402 | 67,700 | 0.16% | Put option |
| ENVESTNET ASSET MANAGEMENT INC | $25,786,787 | 67,108 | 0.16% | Shares |
| LMR Partners LLP | $25,476,438 | 66,300 | 0.15% | Call option |
| ING GROEP NV | $25,399,586 | 66,100 | 0.15% | Shares |
| Philosophy Capital Management LLC | $24,976,900 | 65,000 | 0.15% | Shares |
| GARNET EQUITY CAPITAL HOLDINGS, INC. | $24,798,988 | 64,537 | 0.15% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $23,209,304 | 60,400 | 0.14% | Call option |
| WELLINGTON MANAGEMENT GROUP LLP | $23,165,498 | 60,286 | 0.14% | Shares |
| SEI INVESTMENTS CO | $22,732,437 | 59,159 | 0.14% | Shares |
| SELDON CAPITAL LP | $21,441,708 | 55,800 | 0.13% | Shares |
| Owl Creek Asset Management, L.P. | $21,191,939 | 55,150 | 0.13% | Shares |
| BlackRock, Inc. | $21,145,059 | 55,028 | 0.13% | Shares |
Company insiders 15 insiders · 9 officers · 8 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Mark Allen Mcfarland | Chief Executive Officer | June 8, 2026 J | 260,335 | 0 | 0 | $0 |
| Paul A Farr | President & CEO | Dec. 6, 2016 D | 0 | 0 | 0 | $0 |
| Jeremy R. Mcguire | SVP & CFO & Chief Acct Officer | Dec. 6, 2016 D | 0 | 0 | 0 | $0 |
| Terry L Nutt | President | July 15, 2026 M | 72,865 | 0 | 0 | $0 |
| James E. Schinski | SVP and Chief Admin. Officer | Dec. 6, 2016 D | 0 | 0 | 0 | $0 |
| Paul M. Breme | SVP, GC & Corporate Secretary | Dec. 6, 2016 D | 0 | 0 | 0 | $0 |
| Timothy S. Rausch | SVP & Chief Nuclear Officer | Dec. 6, 2016 D | 0 | 0 | 0 | $0 |
| Clarence J Hopf JR | SVP & Chief Commercial Officer | Dec. 6, 2016 D | 0 | 0 | 0 | $0 |
| Jerry Matthews Simmons JR | Title: Vice President, Chief Accounting and Risk Officer | June 8, 2015 A | 0 | 0 | 0 | $0 |
| Gizman I Abbas | Director | June 15, 2026 S | 2,606 | 0 | 1 | $-988,000 |
| Edward J. Casey Jr. | Director | Dec. 6, 2016 D | — | 0 | 0 | $0 |
| Philip G Cox | Director | Dec. 6, 2016 D | 0 | 0 | 0 | $0 |
| Stuart E Graham | Director | Dec. 6, 2016 D | 0 | 0 | 0 | $0 |
| Frederick M Bernthal | Director | Dec. 6, 2016 D | 0 | 0 | 0 | $0 |
| Louise K Goeser | Director | Dec. 6, 2016 D | 0 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 107 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| UTES · ETFis Series Trust I | 10.93% | 466,184 NS | April 30, 2026 | N-PORT |
| NUKZ · EXCHANGE TRADED CONCEPTS TRUST | 3.25% | 74,855 NS | May 31, 2026 | N-PORT |
| PUI · Invesco Exchange-Traded Fund Trust | 3.25% | 5,106 SH | Aug. 8, 2026 | Daily |
| GVIP · Goldman Sachs ETF Trust | 2.21% | 32,511 NS | May 31, 2026 | N-PORT |
| ZAP · Global X Funds | 1.80% | 22,020 NS | April 30, 2026 | N-PORT |
| RFG · Invesco Exchange-Traded Fund Trust | 1.37% | 14,091 SH | Aug. 8, 2026 | Daily |
| TPZ · Tortoise Capital Series Trust | 1.19% | 3,956 NS | May 31, 2026 | N-PORT |
| XMMO · Invesco Exchange-Traded Fund Trust | 1.12% | 242,666 SH | Aug. 8, 2026 | Daily |
| GURU · Global X Funds | 1.07% | 1,680 NS | April 30, 2026 | N-PORT |
| VPU · VANGUARD WORLD FUND | 1.00% | 279,696 SH | Aug. 8, 2026 | Daily |
| IDU · iShares Trust | 0.96% | 38,431 SH | Aug. 8, 2026 | Daily |
| IVOG · VANGUARD ADMIRAL FUNDS | 0.91% | 44,792 SH | Aug. 8, 2026 | Daily |
| FUTY · FIDELITY COVINGTON TRUST | 0.90% | 59,500 NS | April 30, 2026 | N-PORT |
| IJK · iShares Trust | 0.82% | 265,587 SH | Aug. 8, 2026 | Daily |
| QQQJ · Invesco Exchange-Traded Fund Trust … | 0.76% | 25,882 SH | Aug. 8, 2026 | Daily |
| PAMC · Pacer Funds Trust | 0.62% | 1,050 NS | April 30, 2026 | N-PORT |
| POWR · iShares, Inc. | 0.60% | 8,006 SH | Aug. 8, 2026 | Daily |
| TCAI · Tortoise Capital Series Trust | 0.57% | 3,223 NS | May 31, 2026 | N-PORT |
| FTC · First Trust Exchange-Traded AlphaDE… | 0.54% | 18,472 NS | April 30, 2026 | N-PORT |
| AVMV · AMERICAN CENTURY ETF TRUST | 0.53% | 8,455 NS | May 31, 2026 | N-PORT |
| PTMC · Pacer Funds Trust | 0.50% | 5,243 NS | April 30, 2026 | N-PORT |
| VBK · VANGUARD INDEX FUNDS | 0.48% | 601,259 SH | Aug. 8, 2026 | Daily |
| IVOO · VANGUARD ADMIRAL FUNDS | 0.48% | 73,317 SH | Aug. 8, 2026 | Daily |
| AIPO · Tidal Trust II | 0.48% | 9,269 NS | May 31, 2026 | N-PORT |
| PDP · Invesco Exchange-Traded Fund Trust | 0.48% | 20,662 SH | Aug. 8, 2026 | Daily |
| BKMC · BNY Mellon ETF Trust | 0.45% | 7,427 NS | April 30, 2026 | N-PORT |
| JPME · J.P. Morgan Exchange-Traded Fund Tr… | 0.43% | 5,043 NS | April 30, 2026 | N-PORT |
| JPUS · J.P. Morgan Exchange-Traded Fund Tr… | 0.43% | 5,084 NS | April 30, 2026 | N-PORT |
| IJH · iShares Trust | 0.42% | 1,566,313 SH | Aug. 8, 2026 | Daily |
| MVV · ProShares Trust | 0.38% | 1,579 NS | May 31, 2026 | N-PORT |
| MIDU · Direxion Shares ETF Trust | 0.34% | 757 NS | April 30, 2026 | N-PORT |
| SCHM · SCHWAB STRATEGIC TRUST | 0.33% | 123,543 NS | May 31, 2026 | N-PORT |
| FSMD · FIDELITY COVINGTON TRUST | 0.32% | 20,038 NS | April 30, 2026 | N-PORT |
| BBMC · J.P. Morgan Exchange-Traded Fund Tr… | 0.31% | 16,946 NS | April 30, 2026 | N-PORT |
| IWP · iShares Trust | 0.30% | 182,015 SH | Aug. 8, 2026 | Daily |
| AVLV · AMERICAN CENTURY ETF TRUST | 0.30% | 101,142 NS | May 31, 2026 | N-PORT |
| FAD · First Trust Exchange-Traded AlphaDE… | 0.27% | 3,498 NS | April 30, 2026 | N-PORT |
| UMDD · ProShares Trust | 0.27% | 220 NS | May 31, 2026 | N-PORT |
| TEXN · iShares Trust | 0.26% | 130 SH | Aug. 8, 2026 | Daily |
| QGRO · AMERICAN CENTURY ETF TRUST | 0.24% | 13,603 NS | May 31, 2026 | N-PORT |
| ESLG · Strategy Shares | 0.23% | 118 NS | April 30, 2026 | N-PORT |
| TRFM · ETF Series Solutions | 0.22% | 939 NS | April 30, 2026 | N-PORT |
| AVMC · AMERICAN CENTURY ETF TRUST | 0.22% | 2,322 NS | May 31, 2026 | N-PORT |
| AFMC · First Trust Exchange-Traded Fund VI… | 0.22% | 921 NS | May 31, 2026 | N-PORT |
| VB · VANGUARD INDEX FUNDS | 0.21% | 1,041,204 SH | Aug. 8, 2026 | Daily |
| SMMD · iShares Trust | 0.20% | 22,557 SH | Aug. 8, 2026 | Daily |
| VXF · VANGUARD INDEX FUNDS | 0.20% | 520,816 SH | Aug. 8, 2026 | Daily |
| FDMO · FIDELITY COVINGTON TRUST | 0.20% | 4,519 NS | April 30, 2026 | N-PORT |
| SMLF · iShares Trust | 0.20% | 24,931 SH | Aug. 8, 2026 | Daily |
| FEX · First Trust Exchange-Traded AlphaDE… | 0.19% | 7,696 NS | April 30, 2026 | N-PORT |