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 ($137.4m this quarter). Holder counts are more reliable. Shares outstanding: 312.8m as of 2025-01-31, 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 ≈ $223.87. Options: 42 managers hold calls ($1.2bn notional), 39 hold puts ($2.2bn).
Trends to Q4 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 823 |
| Q4 2022 | 875 |
| Q1 2023 | 841 |
| Q2 2023 | 849 |
| Q3 2023 | 906 |
| Q4 2023 | 1,005 |
| Q1 2024 | 1,175 |
| Q2 2024 | 1,310 |
| Q3 2024 | 1,427 |
| Q4 2024 | 1,546 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2023 | 379 | 411 |
| Q2 2023 | 367 | 384 |
| Q3 2023 | 400 | 357 |
| Q4 2023 | 446 | 371 |
| Q1 2024 | 595 | 462 |
| Q2 2024 | 700 | 427 |
| Q3 2024 | 756 | 533 |
| Q4 2024 | 806 | 522 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2024 | $481.7m | $367.8m | 0.76 |
| Q2 2024 | $638.3m | $657.6m | 1.03 |
| Q3 2024 | $1.4bn | $1.7bn | 1.23 |
| Q4 2024 | $1.2bn | $2.2bn | 1.85 |
Biggest buyers
| Capital International Investors | Added | +2.7m |
| BlackRock, Inc. | Added | +1.8m |
| VOYA INVESTMENT MANAGEMENT LLC | Added | +1.3m |
| MORGAN STANLEY | Added | +1.2m |
| D. E. Shaw & Co., Inc. | Added | +1.1m |
| Assenagon Asset Management S.A. | Added | +989.7k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +556.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +537.7k |
| VANGUARD GROUP INC | Added | +487.6k |
| Amundi | Added | +407.5k |
Biggest sellers
| Capital World Investors | Reduced | -6.9m |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC | Reduced | -2.7m |
| FMR LLC | Reduced | -2.7m |
| STEADFAST CAPITAL MANAGEMENT LP | Reduced | -1.1m |
| COATUE MANAGEMENT LLC | Reduced | -1.1m |
| Castle Hook Partners LP | Sold out | -1.1m |
| JPMORGAN CHASE & CO | Reduced | -956.2k |
| Capital Research Global Investors | Reduced | -682.2k |
| LONE PINE CAPITAL LLC | Reduced | -656.7k |
| Orbis Allan Gray Ltd | Sold out | -443.6k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $207.7m928.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $162.7m727.3k shares |
| BARCLAYS PLC | Added | $86.4m386.0k shares |
| JANE STREET GROUP, LLC | Reduced | $78.1m349.2k shares |
| MAPLELANE CAPITAL, LLC | Added | $71.4m319.3k shares |
| CITIGROUP INC | Added | $58.2m260.0k shares |
| GROUP ONE TRADING LLC | Added | $50.4m225.4k shares |
| IMC-Chicago, LLC | Added | $46.6m208.2k shares |
| GOLDMAN SACHS GROUP INC | Added | $46.1m206.0k shares |
| WOLVERINE TRADING, LLC | Added | $43.8m193.4k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $306.2m1.4m shares |
| CITADEL ADVISORS LLC | Added | $301.0m1.3m shares |
| BARCLAYS PLC | Added | $215.8m964.8k shares |
| JANE STREET GROUP, LLC | Added | $202.3m904.4k shares |
| Yaupon Capital Management LP | New | $190.2m850.0k shares |
| SIMPLEX TRADING, LLC | Added | $114.3m511.0k shares |
| Artisan Partners Limited Partnership | New | $77.5m346.4k shares |
| WELLS FARGO & COMPANY/MN | New | $68.9m308.1k shares |
| IMC-Chicago, LLC | Added | $60.3m269.7k shares |
| Twin Tree Management, LP | Reduced | $60.1m268.5k 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 2024
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 2023 | 0 | — | 1 | $6.5k | — |
| Q2 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 0 | — | — |
None reported in Q4 2024.
Holders, Q4 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.14% of their portfolio | 37.2m $8.3bn | Added +487.6k |
| Capital International Investors 1.17% of their portfolio | 27.9m $6.2bn | Added +2.7m |
| BlackRock, Inc. 0.11% of their portfolio | 23.6m $5.3bn | Added +1.8m |
| STATE STREET CORP 0.16% of their portfolio | 17.6m $3.9bn | Reduced -1.7k |
| FMR LLC 0.19% of their portfolio | 14.4m $3.2bn | Reduced -2.7m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.21% of their portfolio | 8.1m $1.8bn | Added +556.7k |
| MORGAN STANLEY 0.12% of their portfolio | 7.5m $1.7bn | Added +1.2m |
| GEODE CAPITAL MANAGEMENT, LLC 0.12% of their portfolio | 6.8m $1.5bn | Added +167.0k |
| COATUE MANAGEMENT LLC 5.00% of their portfolio | 6.6m $1.5bn | Reduced -1.1m |
| Bank of New York Mellon Corp 0.18% of their portfolio | 4.5m $1.0bn | Reduced -397.2k |
| Capital Research Global Investors 0.18% of their portfolio | 3.8m $853.2m | Reduced -682.2k |
| NORTHERN TRUST CORP 0.10% of their portfolio | 3.1m $684.8m | Added +315.8k |
| Invesco Ltd. 0.12% of their portfolio | 2.9m $652.0m | Added +138.7k |
| NORGES BANK 0.08% of their portfolio | 2.8m $630.7m | Reduced -286.8k |
| D. E. Shaw & Co., Inc. 0.65% of their portfolio | 2.7m $595.2m | Added +1.1m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.11% of their portfolio | 2.1m $472.6m | Added +537.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.08% of their portfolio | 2.0m $447.5m | Added +59.9k |
| VOYA INVESTMENT MANAGEMENT LLC 0.43% of their portfolio | 1.8m $409.3m | Added +1.3m |
| LONE PINE CAPITAL LLC 2.89% of their portfolio | 1.7m $388.7m | Reduced -656.7k |
| GOLDMAN SACHS GROUP INC 0.07% of their portfolio | 1.7m $370.0m | Reduced -46.4k |
| Legal & General Group Plc 0.09% of their portfolio | 1.6m $353.5m | Reduced -83.9k |
| BANK OF AMERICA CORP /DE/ 0.03% of their portfolio | 1.5m $339.9m | Reduced -435.6k |
| Assenagon Asset Management S.A. 0.55% of their portfolio | 1.4m $305.5m | Added +989.7k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.09% of their portfolio | 1.3m $289.2m | Reduced -2.8k |
| ALKEON CAPITAL MANAGEMENT LLC 1.64% of their portfolio | 1.3m $283.6m | Reduced -100.0k |
| JPMORGAN CHASE & CO 0.02% of their portfolio | 1.2m $276.1m | Reduced -956.2k |
| UBS Group AG 0.06% of their portfolio | 1.2m $271.2m | Reduced -256.9k |
| Pictet Asset Management Holding SA 0.28% of their portfolio | 1.2m $260.6m | Added +138.9k |
| Nuveen Asset Management, LLC 0.07% of their portfolio | 1.1m $256.8m | Added +120.7k |
| FRANKLIN RESOURCES INC 0.06% of their portfolio | 1.0m $231.8m | Added +12.7k |
| Amundi 0.09% of their portfolio | 1.0m $250.0m | Added +407.5k |
| Bridgewater Associates, LP 0.97% of their portfolio | 946.2k $211.7m | Added +178.4k |
| Capital World Investors 0.03% of their portfolio | 923.0k $206.6m | Reduced -6.9m |
| AGF MANAGEMENT LTD 1.01% of their portfolio | 905.7k $202.6m | Reduced -30.4k |
| NORDEA INVESTMENT MANAGEMENT AB 0.21% of their portfolio | 902.2k $202.7m | Added +193.8k |
| Swiss National Bank 0.13% of their portfolio | 883.3k $197.6m | Reduced -52.4k |
| 59 North Capital Management, LP 9.03% of their portfolio | 864.1k $193.3m | Reduced -218.2k |
| DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio | 840.6k $188.1m | Added +4.9k |
| DEUTSCHE BANK AG\ 0.07% of their portfolio | 839.2k $187.7m | Added +95.9k |
| REAVES W H & CO INC 4.94% of their portfolio | 837.7k $187.4m | Added +10.0k |
| ROYAL BANK OF CANADA 0.04% of their portfolio | 829.1k $185.5m | Added +82.0k |
| ClearBridge Investments Ltd 4.82% of their portfolio | 821.4k $183.8m | Added +29.0k |
| Munro Partners 6.34% of their portfolio | 815.1k $182.3m | Added +22.7k |
| WELLS FARGO & COMPANY/MN 0.04% of their portfolio | 809.8k $181.2m | Added +305.0k |
| JENNISON ASSOCIATES LLC 0.11% of their portfolio | 804.7k $180.0m | Reduced -187.9k |
| National Pension Service 0.17% of their portfolio | 794.3k $177.7m | Added +378.9k |
| HSBC HOLDINGS PLC 0.11% of their portfolio | 783.1k $175.5m | Added +129.5k |
| Electron Capital Partners, LLC 10.10% of their portfolio | 782.2k $175.0m | Reduced -102.5k |
| Sumitomo Mitsui Trust Group, Inc. 0.11% of their portfolio | 744.8k $166.6m | Reduced -59.2k |
| BARCLAYS PLC 0.08% of their portfolio | 724.5k $162.1m | Reduced -381.5k |
| BANK OF MONTREAL /CAN/ 0.07% of their portfolio | 624.5k $139.7m | Added +45.2k |
| PRINCIPAL FINANCIAL GROUP INC 0.07% of their portfolio | 614.7k $137.5m | Added +2.2k |
| CI INVESTMENTS INC. 0.51% of their portfolio | 603.7k $135.1m | Reduced -44.6k |
| Southpoint Capital Advisors LP 3.15% of their portfolio | 600.0k $134.2m | Unchanged |
| NEUBERGER BERMAN GROUP LLC 0.11% of their portfolio | 597.9k $133.8m | Reduced -15.7k |
| ALLIANCEBERNSTEIN L.P. 0.04% of their portfolio | 583.5k $130.5m | Reduced -166.0k |
| JANE STREET GROUP, LLC 0.20% of their portfolio | 566.5k $126.7m | Added +325.9k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.14% of their portfolio | 553.8k $139.8m | Added +37.9k |
| Capital Group Private Client Services, Inc. 1.12% of their portfolio | 544.3k $121.8m | Added +31.2k |
| RHUMBLINE ADVISERS 0.11% of their portfolio | 534.6k $119.6m | Reduced -16.9k |
| California Public Employees Retirement System 0.07% of their portfolio | 499.9k $111.8m | Reduced -32.4k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.13% of their portfolio | 492.4k $110.1m | Reduced -41.1k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.14% of their portfolio | 470.4k $105.2m | Added +12.1k |
| Squarepoint Ops LLC 0.26% of their portfolio | 458.8k $102.6m | Added +359.0k |
| VICTORY CAPITAL MANAGEMENT INC 0.10% of their portfolio | 456.7k $102.2m | Reduced -10.9k |
| Railway Pension Investments Ltd 1.34% of their portfolio | 451.8k $101.1m | Unchanged |
| Forest Avenue Capital Management LP 9.14% of their portfolio | 434.9k $97.3m | Added +84.8k |
| ProShare Advisors LLC 0.21% of their portfolio | 404.2k $90.4m | Added +66.9k |
| Thrivent Financial for Lutherans 0.17% of their portfolio | 386.7k $86.5m | Reduced -56.7k |
| Qube Research & Technologies Ltd 0.14% of their portfolio | 382.7k $85.6m | Added +83.6k |
| Trivest Advisors Ltd 3.85% of their portfolio | 379.1k $84.8m | New |
| Man Group plc 0.25% of their portfolio | 373.4k $83.5m | Added +135.5k |
| FIRST TRUST ADVISORS LP 0.07% of their portfolio | 364.5k $81.6m | Added +23.0k |
| FRED ALGER MANAGEMENT, LLC 0.39% of their portfolio | 364.2k $81.5m | Reduced -222.4k |
| Swedbank AB 0.10% of their portfolio | 349.5k $78.2m | Reduced -36.8k |
| TWO SIGMA INVESTMENTS, LP 0.18% of their portfolio | 349.0k $78.1m | Added +342.6k |
| Artisan Partners Limited Partnership 0.12% of their portfolio | 345.3k $77.3m | Reduced -145.0k |
| TORONTO DOMINION BANK 0.15% of their portfolio | 344.4k $77.0m | Added +207.4k |
| Ensign Peak Advisors, Inc 0.14% of their portfolio | 344.2k $77.0m | Added +6.6k |
| NOMURA ASSET MANAGEMENT CO LTD 0.23% of their portfolio | 342.7k $76.7m | Reduced -3.6k |
| Russell Investments Group, Ltd. 0.11% of their portfolio | 341.8k $76.5m | Added +74.6k |
| Rokos Capital Management LLP 1.66% of their portfolio | 341.2k $76.3m | Added +86.5k |
| JAT Capital Mgmt LP 13.35% of their portfolio | 341.1k $76.3m | Added +189.0k |
| CITIGROUP INC 0.07% of their portfolio | 337.2k $75.4m | Reduced -8.8k |
| AVIVA PLC 0.19% of their portfolio | 322.4k $72.1m | Reduced -11.2k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.13% of their portfolio | 322.2k $72.1m | Added +27.4k |
| RAYMOND JAMES FINANCIAL INC 0.03% of their portfolio | 314.4k $70.3m | First filing |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.13% of their portfolio | 302.8k $67.7m | Reduced -10.5k |
| CITADEL ADVISORS LLC 0.06% of their portfolio | 297.9k $66.6m | Added +42.3k |
| BROWN ADVISORY INC 0.08% of their portfolio | 290.0k $64.9m | Added +15.6k |
| Artemis Investment Management LLP 0.92% of their portfolio | 289.1k $64.7m | Reduced -96.8k |
| MARSHALL WACE, LLP 0.08% of their portfolio | 282.6k $63.2m | Added +185.9k |
| Zurich Insurance Group Ltd/FI 0.51% of their portfolio | 282.1k $63.1m | Added +126.6k |
| Korea Investment CORP 0.14% of their portfolio | 271.8k $60.8m | Reduced -124.9k |
| VAN ECK ASSOCIATES CORP 0.08% of their portfolio | 264.8k $59.2m | Added +120.1k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.12% of their portfolio | 264.3k $59.1m | Reduced -15.1k |
| Caisse de depot et placement du Quebec 0.12% of their portfolio | 263.8k $59.0m | Added +143.5k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.05% of their portfolio | 261.6k $58.5m | Reduced -613 |
| PANAGORA ASSET MANAGEMENT INC 0.27% of their portfolio | 260.3k $58.2m | Added +44.1k |
| ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio | 250.3k $56.0m | Added +51.2k |