CMS Energy
778 hedge funds and large institutions have $21.2B invested in CMS Energy in 2025 Q3 according to their latest regulatory filings, with 101 funds opening new positions, 297 increasing their positions, 248 reducing their positions, and 59 closing their positions.
200% more funds holding in top 10
Funds holding in top 10: 1 → 3 (+2)
144% more call options, than puts
Call options by funds: $53.9M | Put options by funds: $22.1M
71% more first-time investments, than exits
New positions opened: 101 | Existing positions closed: 59
20% more repeat investments, than reductions
Existing positions increased: 297 | Existing positions reduced: 248
4% more funds holding
Funds holding: 745 → 778 (+33)
2.06% less ownership
Funds ownership: 98.71% → 96.66% (-2.1%)
26% less capital inflows, than outflows
Capital inflows: $1.16B | Capital outflows: $1.57B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
+$167M |
| 2 |
Barclays
London,
United Kingdom
|
+$63.6M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$62.7M |
| 4 |
ExodusPoint Capital Management
New York
|
+$56M |
| 5 |
Soros Fund Management
New York
|
+$55.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Perpetual Ltd
Sydney, New South Wales,
Australia
|
-$141M |
| 2 |
JP Morgan Chase
New York
|
-$136M |
| 3 |
UBS AM
Chicago,
Illinois
|
-$87.3M |
| 4 |
Truist Financial
Charlotte,
North Carolina
|
-$71.4M |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$62.8M |
CMS Hedge Fund Activity: Q3 2025 in Review
778 of the 7,650 institutional investors tracked by Wall St. Rank reported a position in CMS Energy (CMS) for Q3 2025, worth a combined $21.2B — up 3.6% from $20.5B a quarter earlier.
Buyers outnumbered sellers: 101 funds opened new CMS positions and 59 closed out — a net gain of 42 holders — while 297 added to existing stakes and 248 trimmed.
The largest buyer was Victory Capital Management, adding an estimated $167M. The largest seller was Perpetual Ltd, exiting entirely with an estimated $141M sold.
- 778 institutional investors held CMS Energy (CMS) as of Q3 2025, up from 745 in Q2 2025.
- Funds reported $21.2B of CMS Energy stock for Q3 2025, up 3.6% quarter-over-quarter.
- 101 funds opened new CMS Energy positions in Q3 2025 and 59 closed out, a net change of +42 holders.
- The largest CMS Energy buyer in Q3 2025 was Victory Capital Management, an estimated $167M added.
- The largest CMS Energy seller in Q3 2025 was Perpetual Ltd, an estimated $141M sold.
Based on aggregated 13F filings for Q3 2025.