NRG Energy
1,071 hedge funds and large institutions have $28.5B invested in NRG Energy in 2025 Q4 according to their latest regulatory filings, with 159 funds opening new positions, 406 increasing their positions, 377 reducing their positions, and 114 closing their positions.
39% more first-time investments, than exits
New positions opened: 159 | Existing positions closed: 114
12% more call options, than puts
Call options by funds: $295M | Put options by funds: $264M
2% more funds holding
Funds holding: 1,048 → 1,071 (+23)
1.94% more ownership
Funds ownership: 91.47% → 93.41% (+1.9%)
8% more repeat investments, than reductions
Existing positions increased: 406 | Existing positions reduced: 377
1% less capital invested
Capital invested by funds: $28.7B → $28.5B (-$147M)
17% less funds holding in top 10
Funds holding in top 10: 18 → 15 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
+$813M |
| 2 |
Capital World Investors
Los Angeles,
California
|
+$318M |
| 3 |
Boston Partners
Boston,
Massachusetts
|
+$166M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$151M |
| 5 |
Man Group
London,
United Kingdom
|
+$64.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
-$144M |
| 2 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
-$133M |
| 3 |
VARA
Value Aligned Research Advisors
Princeton,
New Jersey
|
-$125M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
-$123M |
| 5 |
Point72 Asset Management
Stamford,
Connecticut
|
-$99.4M |
NRG Hedge Fund Activity: Q4 2025 in Review
1,071 institutional investors reported a position in NRG Energy (NRG) for Q4 2025, worth a combined $28.5B — down 0.51% from $28.7B a quarter earlier.
Buyers outnumbered sellers: 159 funds opened new NRG positions and 114 closed out — a net gain of 45 holders — while 406 added to existing stakes and 377 trimmed.
The largest buyer was Victory Capital Management, adding an estimated $813M. The largest seller was Franklin Resources, cutting an estimated $144M.
- 1,071 institutional investors held NRG Energy (NRG) as of Q4 2025, up from 1,048 in Q3 2025.
- Funds reported $28.5B of NRG Energy stock for Q4 2025, down 0.51% quarter-over-quarter.
- 159 funds opened new NRG Energy positions in Q4 2025 and 114 closed out, a net change of +45 holders.
- The largest NRG Energy buyer in Q4 2025 was Victory Capital Management, an estimated $813M added.
- The largest NRG Energy seller in Q4 2025 was Franklin Resources, an estimated $144M sold.
Based on aggregated 13F filings for Q4 2025.