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FuelCell Energy
FCEL

135 hedge funds and large institutions have $156M invested in FuelCell Energy in 2025 Q4 according to their latest regulatory filings, with 40 funds opening new positions, 41 increasing their positions, 18 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

128% more repeat investments, than reductions

Existing positions increased: 41 | Existing positions reduced: 18

82% more first-time investments, than exits

New positions opened: 40 | Existing positions closed: 22

78% more capital invested

Capital invested by funds: $87.8M → $156M (+$68.1M)

62% more call options, than puts

Call options by funds: $26.2M | Put options by funds: $16.1M

15% more funds holding

Funds holding: 117 → 135 (+18)

9.81% more ownership

Funds ownership: 34.84% → 44.66% (+9.8%)

Holders
135
Holders Change
+18
Holders Change %
+15.38%
% of All Funds
1.64%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
40
Increased
41
Reduced
18
Closed
22
Calls
$26.2M
Puts
$16.1M
Net Calls
+$10M
Net Calls Change
+$3.15M

Top Buyers

1
Legal & General Group
Legal & General Group
United Kingdom
+$23.6M
2
Vanguard Group
Vanguard Group
Pennsylvania
+$11.6M
3
CP
CenterBook Partners
Connecticut
+$10.5M
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$5.38M
5
Invesco
Invesco
Georgia
+$5.29M

Top Sellers

1
Marshall Wace
Marshall Wace
United Kingdom
-$4.95M
2
UBS Group
UBS Group
Switzerland
-$2.36M
3
Walleye Capital
Walleye Capital
New York
-$2.35M
4
Bank of America
Bank of America
North Carolina
-$1.98M
5
Qube Research & Technologies (QRT)
Qube Research & Technologies (QRT)
United Kingdom
-$1.53M
Name Holding Trade Value Shares
Change 		Change in
Stake
UBS Group
26
UBS Group
Switzerland
$1.07M -$2.36M -288,292 -66%
Point72 Asset Management
27
Point72 Asset Management
Connecticut
$1.02M +$1.15M +140,087 New
LIP
28
Lighthouse Investment Partners
Florida
$942K -$459K -56,200 -30%
6CM
29
683 Capital Management
New York
$877K +$981K +120,000 New
Northern Trust
30
Northern Trust
Illinois
$813K +$524K +64,098 +136%
JF
31
Jump Financial
Illinois
$664K +$742K +90,810 New
EGM
32
Engineers Gate Manager
New York
$650K +$633K +77,460 +677%
VF
33
Virtu Financial
New York
$626K +$302K +36,910 +76%
Acadian Asset Management
34
Acadian Asset Management
Massachusetts
$547K +$501K +61,245 +436%
Marshall Wace
35
Marshall Wace
United Kingdom
$489K -$4.95M -605,779 -90%
LPL Financial
36
LPL Financial
California
$429K -$36.6K -4,478 -7%
Raymond James Financial
37
Raymond James Financial
Florida
$427K +$477K +58,350 New
BC
38
Bayforest Capital
United Kingdom
$410K +$458K +56,032 New
Dimensional Fund Advisors
39
Dimensional Fund Advisors
Texas
$409K +$260K +31,758 +132%
Hudson Bay Capital Management
40
Hudson Bay Capital Management
Connecticut
$379K +$423K +51,810 New
Squarepoint
41
Squarepoint
New York
$368K +$210K +25,727 +105%
SFI
42
Susquehanna Fundamental Investments
Pennsylvania
$329K +$367K +44,957 New
SPS
43
Susquehanna Portfolio Strategies
Pennsylvania
$307K – – –
PA
44
PharVision Advisers
Florida
$307K +$231K +28,315 +207%
Barclays
45
Barclays
United Kingdom
$271K +$303K +37,097 +1,854,850%
CC
46
Centiva Capital
New York
$263K +$294K +35,959 New
OAC
47
OMERS Administration Corp
Ontario, Canada
$250K +$280K +34,200 New
PEAK6
48
PEAK6
Illinois
$239K -$289K -35,310 -52%
BCM
49
Bridgeway Capital Management
Texas
$234K – – –
Charles Schwab
50
Charles Schwab
California
$226K +$253K +30,971 New
1
2
3 4 5

FCEL Hedge Fund Activity: Q4 2025 in Review

135 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in FuelCell Energy (FCEL) for Q4 2025, worth a combined $156M — up 78% from $87.8M a quarter earlier.

Buyers outnumbered sellers: 40 funds opened new FCEL positions and 22 closed out — a net gain of 18 holders — while 41 added to existing stakes and 18 trimmed.

The largest buyer was Legal & General Group, opening a new position worth an estimated $23.6M. The largest seller was Marshall Wace, cutting an estimated $4.95M.

  • 135 institutional investors held FuelCell Energy (FCEL) as of Q4 2025, up from 117 in Q3 2025.
  • Funds reported $156M of FuelCell Energy stock for Q4 2025, up 78% quarter-over-quarter.
  • 40 funds opened new FuelCell Energy positions in Q4 2025 and 22 closed out, a net change of +18 holders.
  • The largest FuelCell Energy buyer in Q4 2025 was Legal & General Group, an estimated $23.6M added.
  • The largest FuelCell Energy seller in Q4 2025 was Marshall Wace, an estimated $4.95M sold.

Based on aggregated 13F filings for Q4 2025.