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CMS Energy

744 hedge funds and large institutions have $20.5B invested in CMS Energy in 2025 Q2 according to their latest regulatory filings, with 92 funds opening new positions, 292 increasing their positions, 240 reducing their positions, and 73 closing their positions.

New
Increased
Maintained
Reduced
Closed

368% more call options, than puts

Call options by funds: $59.5M | Put options by funds: $12.7M

26% more first-time investments, than exits

New positions opened: 92 | Existing positions closed: 73

22% more repeat investments, than reductions

Existing positions increased: 292 | Existing positions reduced: 240

2.79% more ownership

Funds ownership: 95.93%98.72% (+2.8%)

2% more funds holding

Funds holding: 732744 (+12)

5% less capital invested

Capital invested by funds: $21.5B → $20.5B (-$1.1B)

50% less funds holding in top 10

Funds holding in top 10: 21 (-1)

Holders
744
Holders Change
+12
Holders Change %
+1.64%
% of All Funds
9.8%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.01%
New
92
Increased
292
Reduced
240
Closed
73
Calls
$59.5M
Puts
$12.7M
Net Calls
+$46.8M
Net Calls Change
-$14.9M
Name Holding Trade Value Shares
Change
Change in
Stake
LA
176
Linden Advisors
New York
$6.75M +$6.95M +97,500 New
PAM
177
Panagora Asset Management
Massachusetts
$6.57M +$3.77M +52,863 +126%
IMRF
178
Illinois Municipal Retirement Fund
Illinois
$6.39M -$5.33M -74,845 -45%
Nomura Holdings
179
Nomura Holdings
Japan
$6.35M +$1.43M +20,040 +28%
Commonwealth Equity Services
180
Commonwealth Equity Services
Massachusetts
$6.34M +$52K +730 +0.8%
Zurich Cantonal Bank
181
Zurich Cantonal Bank
Switzerland
$6.31M +$88.5K +1,242 +1%
AV
182
ASR Vermogensbeheer
Netherlands
$6.13M +$35.8K +503 +0.6%
VOYA Investment Management
183
VOYA Investment Management
Georgia
$6.1M -$222K -3,117 -3%
ASRS
184
Arizona State Retirement System
Arizona
$6.06M +$72.7K +1,020 +1%
FCBT
185
First Citizens Bank & Trust
North Carolina
$5.98M +$1.62M +22,695 +36%
SEI Investments
186
SEI Investments
Pennsylvania
$5.94M -$796K -11,168 -12%
P
187
&Partners
Tennessee
$5.9M -$28.5K -400 -0.5%
ERSOT
188
Employees Retirement System of Texas
Texas
$5.84M +$6M +84,245 New
AAF
189
Andra AP-fonden
Sweden
$5.76M +$3.27M +45,899 +123%
NEAM
190
New England Asset Management
Connecticut
$5.75M +$28.9K +405 +0.5%
FAB
191
First American Bank
Illinois
$5.63M +$46.5K +653 +0.8%
SOMRS
192
State of Michigan Retirement System
Michigan
$5.63M +$14.3K +200 +0.2%
DnB Asset Management
193
DnB Asset Management
Norway
$5.6M -$4.19M -58,859 -42%
Stifel Financial
194
Stifel Financial
Missouri
$5.52M +$199K +2,799 +4%
Daiwa Securities Group
195
Daiwa Securities Group
Japan
$5.5M +$2.63M +36,936 +87%
State of New Jersey Common Pension Fund D
196
State of New Jersey Common Pension Fund D
New Jersey
$5.45M +$22.8K +320 +0.4%
FAF
197
Första AP-fonden
Sweden
$5.4M +$684K +9,600 +14%
Holocene Advisors
198
Holocene Advisors
New York
$5.32M +$5.47M +76,731 New
SPS
199
Susquehanna Portfolio Strategies
Pennsylvania
$5.23M +$3.6M +50,558 +203%
IIM
200
Intact Investment Management
Quebec, Canada
$5.17M -$306K -4,300 -5%

CMS Hedge Fund Activity: Q2 2025 in Review

744 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in CMS Energy (CMS) for Q2 2025, worth a combined $20.5B — down 5.1% from $21.5B a quarter earlier.

Buyers outnumbered sellers: 92 funds opened new CMS positions and 73 closed out — a net gain of 19 holders — while 292 added to existing stakes and 240 trimmed.

The largest buyer was GQG Partners, adding an estimated $386M. The largest seller was T. Rowe Price Associates, cutting an estimated $683M.

  • 744 institutional investors held CMS Energy (CMS) as of Q2 2025, up from 732 in Q1 2025.
  • Funds reported $20.5B of CMS Energy stock for Q2 2025, down 5.1% quarter-over-quarter.
  • 92 funds opened new CMS Energy positions in Q2 2025 and 73 closed out, a net change of +19 holders.
  • The largest CMS Energy buyer in Q2 2025 was GQG Partners, an estimated $386M added.
  • The largest CMS Energy seller in Q2 2025 was T. Rowe Price Associates, an estimated $683M sold.

Based on aggregated 13F filings for Q2 2025.