CONSTELLATION ENERGY CORP CEG
COM · Common Stock · CUSIP 21037T109 · ISIN US21037T1097
- SectorUtilities
- IndustryElectric Services
- HeadquartersBaltimore, MD
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($61.9m this quarter). Holder counts are more reliable. Shares outstanding: 327.1m as of 2023-01-31, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $86.20. Options: 17 managers hold calls ($70.7m notional), 13 hold puts ($49.8m).
Trends to Q4 2022
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 823 |
| Q4 2022 | 875 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $116.4m | $133.1m | 1.14 |
| Q4 2022 | $70.7m | $49.8m | 0.70 |
Biggest buyers
| MFN Partners Management, LP | Added | +1.9m |
| BlackRock Inc. | Added | +1.2m |
| Capital International Investors | Added | +1.1m |
| MORGAN STANLEY | Added | +924.0k |
| STEADFAST CAPITAL MANAGEMENT LP | Added | +842.1k |
| Artisan Partners Limited Partnership | New | +829.0k |
| ClearBridge Investments Ltd | Added | +823.1k |
| Orbis Allan Gray Ltd | Added | +656.4k |
| FMR LLC | Added | +525.0k |
| COHEN & STEERS, INC. | New | +468.0k |
Biggest sellers
| Clean Energy Transition LLP | Sold out | -1.4m |
| Capital Research Global Investors | Reduced | -1.3m |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -887.6k |
| Bank of New York Mellon Corp | Reduced | -655.0k |
| DONALD SMITH & CO., INC. | Reduced | -583.8k |
| CAAS CAPITAL MANAGEMENT LP | Sold out | -488.2k |
| Verition Fund Management LLC | Reduced | -484.2k |
| STATE STREET CORP | Reduced | -483.1k |
| Columbus Hill Capital Management, L.P. | Reduced | -462.1k |
| CITADEL ADVISORS LLC | Reduced | -444.4k |
Biggest calls
| CITADEL ADVISORS LLC | Reduced | $22.3m258.2k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $21.8m252.4k shares |
| Walleye Trading LLC | Added | $4.6m53.4k shares |
| JANE STREET GROUP, LLC | Reduced | $3.9m44.9k shares |
| GOLDMAN SACHS GROUP INC | Reduced | $3.2m36.6k shares |
| JPMORGAN CHASE & CO | Reduced | $3.0m35.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $2.8m32.1k shares |
| TWO SIGMA SECURITIES, LLC | New | $2.3m27.2k shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | Reduced | $2.3m26.7k shares |
| WOLVERINE TRADING, LLC | Reduced | $1.5m17.3k shares |
Biggest puts
| GROUP ONE TRADING LLC | Reduced | $17.8m205.9k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $9.0m104.7k shares |
| CITADEL ADVISORS LLC | Reduced | $7.1m82.4k shares |
| Walleye Trading LLC | Added | $4.9m57.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $2.7m31.5k shares |
| TWO SIGMA SECURITIES, LLC | Added | $2.5m29.3k shares |
| JANE STREET GROUP, LLC | Reduced | $2.1m24.3k shares |
| WOLVERINE TRADING, LLC | Reduced | $1.7m20.2k shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | Added | $1.2m13.8k shares |
| CSS LLC/IL | Unchanged | $646.6k7.5k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 6.4% |
Fell to 5% or below in the last year: ECP ControlCo, LLC (4.0%, 2026-08-07), Capital International Investors (3.3%, 2026-05-14), VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q4 2022
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q1 2021 | 0 | — | 0 | — | — |
| Q2 2021 | 0 | — | 0 | — | — |
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 0 | — | — |
| Q1 2022 | 0 | — | 0 | — | — |
| Q2 2022 | 0 | — | 0 | — | — |
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 1 | $6.9k | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2022-11-09 | DE BALMANN YVES C Director · By de Balmann Family Holdings LLLP | Bought | $6.9k79 shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q4 2022
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.09% of their portfolio | 38.4m $3.3bn | Reduced -95.9k |
| BlackRock Inc. 0.07% of their portfolio | 25.0m $2.2bn | Added +1.2m |
| FMR LLC 0.21% of their portfolio | 24.9m $2.1bn | Added +525.0k |
| Capital International Investors 0.56% of their portfolio | 24.1m $2.1bn | Added +1.1m |
| STATE STREET CORP 0.09% of their portfolio | 18.3m $1.6bn | Reduced -483.1k |
| WELLINGTON MANAGEMENT GROUP LLP 0.20% of their portfolio | 11.6m $998.9m | Reduced -887.6k |
| GEODE CAPITAL MANAGEMENT, LLC 0.08% of their portfolio | 6.9m $593.4m | Added +164.5k |
| Bank of New York Mellon Corp 0.12% of their portfolio | 6.3m $541.4m | Reduced -655.0k |
| MORGAN STANLEY 0.05% of their portfolio | 5.2m $444.5m | Added +924.0k |
| PUTNAM INVESTMENTS LLC 0.71% of their portfolio | 4.7m $406.8m | Added +196.7k |
| Orbis Allan Gray Ltd 2.84% of their portfolio | 4.1m $357.5m | Added +656.4k |
| Southpoint Capital Advisors LP 8.35% of their portfolio | 3.8m $323.3m | Added +250.0k |
| MFN Partners Management, LP 7.09% of their portfolio | 3.7m $320.1m | Added +1.9m |
| STEADFAST CAPITAL MANAGEMENT LP 10.62% of their portfolio | 3.6m $308.9m | Added +842.1k |
| NORTHERN TRUST CORP 0.06% of their portfolio | 3.3m $285.0m | Reduced -14.3k |
| APPALOOSA LP 15.34% of their portfolio | 2.4m $206.8m | Reduced -231.3k |
| JENNISON ASSOCIATES LLC 0.20% of their portfolio | 2.3m $198.8m | Added +96.9k |
| Legal & General Group Plc 0.07% of their portfolio | 2.2m $193.5m | Reduced -47.3k |
| Electron Capital Partners, LLC 8.49% of their portfolio | 2.2m $189.9m | Reduced -35.1k |
| ClearBridge Investments Ltd 5.39% of their portfolio | 2.1m $177.1m | Added +823.1k |
| Artemis Investment Management LLP 1.98% of their portfolio | 2.0m $174.8m | Reduced -11.5k |
| Capital Research Global Investors 0.05% of their portfolio | 1.9m $164.6m | Reduced -1.3m |
| Invesco Ltd. 0.05% of their portfolio | 1.8m $158.9m | Reduced -226.8k |
| Munro Partners 8.60% of their portfolio | 1.7m $150.4m | Added +270.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.05% of their portfolio | 1.7m $146.5m | Added +48.0k |
| NORGES BANK 0.03% of their portfolio | 1.6m $141.1m | Added +306.9k |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 1.6m $138.5m | Added +363.8k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.04% of their portfolio | 1.4m $124.0m | Reduced -264.2k |
| Swedbank AB 0.27% of their portfolio | 1.4m $121.7m | Reduced -3.6k |
| FRANKLIN RESOURCES INC 0.06% of their portfolio | 1.4m $120.4m | Reduced -148.4k |
| Swiss National Bank 0.08% of their portfolio | 1.3m $114.5m | Reduced -87.5k |
| Corvex Management LP 7.38% of their portfolio | 1.3m $111.1m | Unchanged |
| RENAISSANCE TECHNOLOGIES LLC 0.15% of their portfolio | 1.3m $111.1m | Reduced -258.6k |
| DEUTSCHE BANK AG\ 0.06% of their portfolio | 1.3m $108.1m | Added +416.3k |
| Nuveen Asset Management, LLC 0.04% of their portfolio | 1.2m $102.1m | Reduced -12.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.05% of their portfolio | 1.2m $101.2m | Reduced -272.5k |
| CI INVESTMENTS INC. 0.51% of their portfolio | 1.2m $99.8m | Added +127.4k |
| REAVES W H & CO INC 3.45% of their portfolio | 1.1m $96.7m | Reduced -5.5k |
| GOLDMAN SACHS GROUP INC 0.03% of their portfolio | 1.1m $92.3m | Added +86.3k |
| Sumitomo Mitsui Trust Group, Inc. 0.07% of their portfolio | 1.0m $87.1m | Reduced -1.6k |
| Clearbridge Investments, LLC 0.08% of their portfolio | 913.8k $78.8m | Added +65.1k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.40% of their portfolio | 833.4k $71.8m | Added +62.1k |
| Artisan Partners Limited Partnership 0.13% of their portfolio | 829.0k $71.5m | New |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 824.1k $71.1m | Added +46.3k |
| PRINCIPAL FINANCIAL GROUP INC 0.05% of their portfolio | 787.7k $67.9m | Reduced -203.6k |
| VICTORY CAPITAL MANAGEMENT INC 0.08% of their portfolio | 783.7k $67.6m | Reduced -10.1k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 778.5k $67.1m | Reduced -327.5k |
| California Public Employees Retirement System 0.05% of their portfolio | 740.1k $63.8m | Reduced -2.8k |
| D. E. Shaw & Co., Inc. 0.11% of their portfolio | 729.6k $62.9m | Added +17.6k |
| APG Asset Management N.V. 0.11% of their portfolio | 701.1k $60.4m | Added +65.7k |
| Thrivent Financial for Lutherans 0.15% of their portfolio | 687.4k $59.3m | Reduced -334.1k |
| PointState Capital LP 3.97% of their portfolio | 673.4k $58.1m | Added +357.7k |
| Owl Creek Asset Management, L.P. 4.09% of their portfolio | 671.5k $57.9m | Reduced -32.6k |
| RHUMBLINE ADVISERS 0.07% of their portfolio | 606.0k $52.2m | Added +27.4k |
| Davidson Kempner Capital Management LP 1.04% of their portfolio | 561.1k $48.4m | Added +62.2k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.08% of their portfolio | 559.2k $48.2m | Added +8.2k |
| TORTOISE CAPITAL ADVISORS, L.L.C. 0.72% of their portfolio | 558.2k $48.1m | Reduced -82.9k |
| Newbrook Capital Advisors LP 8.17% of their portfolio | 543.2k $46.8m | Added +46.7k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.08% of their portfolio | 535.5k $46.2m | Reduced -29.2k |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 529.9k $45.7m | Reduced -33.5k |
| BARCLAYS PLC 0.04% of their portfolio | 504.9k $43.5m | First filing |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.03% of their portfolio | 500.5k $43.2m | Reduced -8.6k |
| Retirement Systems of Alabama 0.19% of their portfolio | 494.3k $42.6m | Reduced -110.7k |
| FIRST TRUST ADVISORS LP 0.05% of their portfolio | 493.8k $42.6m | Added +60.8k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 476.9k $41.1m | Added +269.1k |
| MILLENNIUM MANAGEMENT LLC 0.05% of their portfolio | 472.2k $40.7m | Reduced -117.0k |
| COHEN & STEERS, INC. 0.09% of their portfolio | 468.0k $40.3m | New |
| HSBC HOLDINGS PLC 0.05% of their portfolio | 461.9k $39.8m | Added +223.4k |
| FRED ALGER MANAGEMENT, LLC 0.21% of their portfolio | 440.7k $38.0m | Added +201.5k |
| National Pension Service 0.07% of their portfolio | 438.2k $37.8m | Reduced -17.7k |
| MONTANOVA CAPITAL, LLC 1.56% of their portfolio | 432.0k $37.2m | New |
| 1832 Asset Management L.P. 0.08% of their portfolio | 430.9k $37.1m | Added +2.7k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 428.2k $36.9m | Added +3.4k |
| Amundi 0.02% of their portfolio | 421.5k $35.4m | Added +21.1k |
| Corient Private Wealth LP 0.13% of their portfolio | 413.5k $35.6m | First filing |
| FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION FUND 0.49% of their portfolio | 401.6k $34.6m | Added +185.3k |
| NOMURA ASSET MANAGEMENT CO LTD 0.20% of their portfolio | 397.8k $34.3m | Added +27.9k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.08% of their portfolio | 386.2k $33.3m | Reduced -5.5k |
| Russell Investments Group, Ltd. 0.07% of their portfolio | 375.9k $32.4m | Added +75.3k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.08% of their portfolio | 373.3k $32.2m | Reduced -275 |
| CREDIT SUISSE AG/ 0.03% of their portfolio | 372.9k $32.1m | Added +63.3k |
| UBS Group AG 0.02% of their portfolio | 369.9k $31.9m | Added +247.1k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 0.54% of their portfolio | 359.3k $31.0m | Reduced -19.2k |
| Hudson Bay Capital Management LP 0.35% of their portfolio | 351.0k $30.3m | Reduced -2.9k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.04% of their portfolio | 344.7k $29.7m | Added +2.0k |
| Capital Group Private Client Services, Inc. 0.37% of their portfolio | 341.3k $29.4m | Added +331 |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 340.2k $29.3m | Added +11.2k |
| KBC Group NV 0.14% of their portfolio | 338.8k $29.2m | Added +26.3k |
| 59 North Capital Management, LP 5.18% of their portfolio | 335.4k $28.9m | New |
| PRUDENTIAL FINANCIAL INC 0.04% of their portfolio | 305.0k $26.3m | Added +7.3k |
| Ensign Peak Advisors, Inc 0.06% of their portfolio | 304.4k $26.2m | Added +6.8k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 304.4k $26.7m | Reduced -33.9k |
| Employees Retirement System of Texas 0.38% of their portfolio | 299.0k $25.8m | Unchanged |
| ProShare Advisors LLC 0.09% of their portfolio | 295.4k $25.5m | Reduced -28.4k |
| INTECH INVESTMENT MANAGEMENT LLC 0.19% of their portfolio | 293.2k $25.3m | Reduced -14.6k |
| DONALD SMITH & CO., INC. 0.98% of their portfolio | 291.2k $25.1m | Reduced -583.8k |
| Mirae Asset Global Investments Co., Ltd. 0.07% of their portfolio | 290.5k $25.0m | Reduced -66.1k |
| CITIGROUP INC 0.04% of their portfolio | 289.4k $25.0m | Reduced -19.9k |
| EQUITY INVESTMENT CORP 0.83% of their portfolio | 285.1k $24.6m | Reduced -31.7k |
| Soapstone Management L.P. 10.36% of their portfolio | 285.0k $24.6m | Reduced -40.0k |