CMS Energy
802 hedge funds and large institutions have $20.5B invested in CMS Energy in 2025 Q4 according to their latest regulatory filings, with 108 funds opening new positions, 291 increasing their positions, 268 reducing their positions, and 71 closing their positions.
68% more call options, than puts
Call options by funds: $59.9M | Put options by funds: $35.7M
52% more first-time investments, than exits
New positions opened: 108 | Existing positions closed: 71
3% more funds holding
Funds holding: 776 → 802 (+26)
9% more repeat investments, than reductions
Existing positions increased: 291 | Existing positions reduced: 268
0.17% less ownership
Funds ownership: 96.66% → 96.49% (-0.17%)
3% less capital invested
Capital invested by funds: $21.2B → $20.5B (-$653M)
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DZ Bank
Frankfurt Am Main,
Germany
|
+$136M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$121M |
| 3 |
BlackRock
New York
|
+$114M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$109M |
| 5 |
Pictet Asset Management
Carouge,
Switzerland
|
+$108M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$183M |
| 2 |
JP Morgan Chase
New York
|
-$162M |
| 3 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$121M |
| 4 |
Barclays
London,
United Kingdom
|
-$113M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$91.9M |
CMS Hedge Fund Activity: Q4 2025 in Review
802 of the 8,087 institutional investors tracked by Wall St. Rank reported a position in CMS Energy (CMS) for Q4 2025, worth a combined $20.5B — down 3.1% from $21.2B a quarter earlier.
Buyers outnumbered sellers: 108 funds opened new CMS positions and 71 closed out — a net gain of 37 holders — while 291 added to existing stakes and 268 trimmed.
The largest buyer was DZ Bank, adding an estimated $136M. The largest seller was T. Rowe Price Associates, cutting an estimated $183M.
- 802 institutional investors held CMS Energy (CMS) as of Q4 2025, up from 776 in Q3 2025.
- Funds reported $20.5B of CMS Energy stock for Q4 2025, down 3.1% quarter-over-quarter.
- 108 funds opened new CMS Energy positions in Q4 2025 and 71 closed out, a net change of +37 holders.
- The largest CMS Energy buyer in Q4 2025 was DZ Bank, an estimated $136M added.
- The largest CMS Energy seller in Q4 2025 was T. Rowe Price Associates, an estimated $183M sold.
Based on aggregated 13F filings for Q4 2025.