FirstEnergy
894 hedge funds and large institutions have $23.1B invested in FirstEnergy in 2025 Q4 according to their latest regulatory filings, with 136 funds opening new positions, 350 increasing their positions, 234 reducing their positions, and 73 closing their positions.
86% more first-time investments, than exits
New positions opened: 136 | Existing positions closed: 73
50% more repeat investments, than reductions
Existing positions increased: 350 | Existing positions reduced: 234
6% more funds holding
Funds holding: 843 → 894 (+51)
1% more ownership
Funds ownership: 88.42% → 89.42% (+1%)
6% more call options, than puts
Call options by funds: $200M | Put options by funds: $189M
3% less capital invested
Capital invested by funds: $23.8B → $23.1B (-$653M)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$162M |
| 2 |
BlackRock
New York
|
+$117M |
| 3 |
BC
Brookfield Corp
Toronto,
Ontario, Canada
|
+$113M |
| 4 |
Victory Capital Management
San Antonio,
Texas
|
+$90.8M |
| 5 |
State Street
Boston,
Massachusetts
|
+$74.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$161M |
| 2 |
SCP
Soroban Capital Partners
New York
|
-$152M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$124M |
| 4 |
Marshall Wace
London,
United Kingdom
|
-$90.6M |
| 5 |
JP Morgan Chase
New York
|
-$83.5M |
FE Hedge Fund Activity: Q4 2025 in Review
894 of the 8,265 institutional investors tracked by Wall St. Rank reported a position in FirstEnergy (FE) for Q4 2025, worth a combined $23.1B — down 2.7% from $23.8B a quarter earlier.
Buyers outnumbered sellers: 136 funds opened new FE positions and 73 closed out — a net gain of 63 holders — while 350 added to existing stakes and 234 trimmed.
The largest buyer was Millennium Management, adding an estimated $162M. The largest seller was Citadel Advisors, cutting an estimated $161M.
- 894 institutional investors held FirstEnergy (FE) as of Q4 2025, up from 843 in Q3 2025.
- Funds reported $23.1B of FirstEnergy stock for Q4 2025, down 2.7% quarter-over-quarter.
- 136 funds opened new FirstEnergy positions in Q4 2025 and 73 closed out, a net change of +63 holders.
- The largest FirstEnergy buyer in Q4 2025 was Millennium Management, an estimated $162M added.
- The largest FirstEnergy seller in Q4 2025 was Citadel Advisors, an estimated $161M sold.
Based on aggregated 13F filings for Q4 2025.