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 ($210.0m this quarter). Holder counts are more reliable. Shares outstanding: 313.4m as of 2025-04-30, 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 ≈ $201.54. Options: 46 managers hold calls ($1.1bn notional), 48 hold puts ($2.4bn).
Trends to Q1 2025
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 |
| Q1 2025 | 1,548 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q1 2025 | 816 | 654 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2024 | $638.3m | $657.6m | 1.03 |
| Q3 2024 | $1.4bn | $1.7bn | 1.23 |
| Q4 2024 | $1.2bn | $2.2bn | 1.85 |
| Q1 2025 | $1.1bn | $2.4bn | 2.16 |
Biggest buyers
| JENNISON ASSOCIATES LLC | Added | +3.4m |
| WELLS FARGO & COMPANY/MN | Added | +2.2m |
| VOYA INVESTMENT MANAGEMENT LLC | Added | +1.9m |
| BANK OF AMERICA CORP /DE/ | Added | +1.3m |
| UBS Group AG | Added | +1.2m |
| JPMORGAN CHASE & CO | Added | +1.1m |
| Capital International Investors | Added | +986.2k |
| NATIONAL BANK OF CANADA /FI/ | Added | +603.8k |
| Value Aligned Research Advisors, LLC | Added | +580.7k |
| PointState Capital LP | New | +576.3k |
Biggest sellers
| LONE PINE CAPITAL LLC | Sold out | -1.7m |
| D. E. Shaw & Co., Inc. | Reduced | -1.6m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -1.3m |
| Bank of New York Mellon Corp | Reduced | -999.8k |
| AGF MANAGEMENT LTD | Reduced | -892.0k |
| Assenagon Asset Management S.A. | Reduced | -675.5k |
| Capital Research Global Investors | Reduced | -615.0k |
| BlackRock, Inc. | Reduced | -507.4k |
| COATUE MANAGEMENT LLC | Reduced | -469.9k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -457.9k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $246.6m1.2m shares |
| CITADEL ADVISORS LLC | Added | $205.0m1.0m shares |
| JANE STREET GROUP, LLC | Reduced | $55.3m274.4k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $50.2m248.9k shares |
| IMC-Chicago, LLC | Added | $47.5m235.7k shares |
| GROUP ONE TRADING LLC | Reduced | $42.1m208.7k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $41.0m203.3k shares |
| WOLVERINE TRADING, LLC | Added | $40.0m194.6k shares |
| SIMPLEX TRADING, LLC | Added | $36.8m182.3k shares |
| Cubist Systematic Strategies, LLC | Added | $35.2m174.8k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $446.4m2.2m shares |
| JANE STREET GROUP, LLC | Added | $375.4m1.9m shares |
| CITADEL ADVISORS LLC | Reduced | $251.6m1.2m shares |
| BARCLAYS PLC | Reduced | $190.0m942.5k shares |
| Allianz Asset Management GmbH | Added | $161.8m802.5k shares |
| SIMPLEX TRADING, LLC | Added | $105.2m521.9k shares |
| NATIONAL BANK OF CANADA /FI/ | New | $90.7m4.5k shares |
| PEAK6 LLC | Added | $74.3m368.3k shares |
| Twin Tree Management, LP | Added | $68.8m341.3k shares |
| IMC-Chicago, LLC | Added | $57.6m285.5k 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 Q1 2025
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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q1 2025 | 0 | — | 1 | $1.2m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-02-20 | Bauer Matthew N SVP & Controller | Sold | $1.2m4.0k 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, Q1 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.14% of their portfolio | 37.7m $7.6bn | Added +538.8k |
| Capital International Investors 1.15% of their portfolio | 28.9m $5.8bn | Added +986.2k |
| BlackRock, Inc. 0.10% of their portfolio | 23.1m $4.7bn | Reduced -507.4k |
| STATE STREET CORP 0.15% of their portfolio | 18.1m $3.6bn | Added +442.8k |
| FMR LLC 0.18% of their portfolio | 14.1m $2.9bn | Reduced -212.1k |
| MORGAN STANLEY 0.11% of their portfolio | 7.4m $1.5bn | Reduced -99.4k |
| GEODE CAPITAL MANAGEMENT, LLC 0.11% of their portfolio | 7.0m $1.4bn | Added +248.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.17% of their portfolio | 6.7m $1.4bn | Reduced -1.3m |
| COATUE MANAGEMENT LLC 5.48% of their portfolio | 6.2m $1.2bn | Reduced -469.9k |
| JENNISON ASSOCIATES LLC 0.60% of their portfolio | 4.3m $857.6m | Added +3.4m |
| VOYA INVESTMENT MANAGEMENT LLC 0.42% of their portfolio | 3.7m $753.2m | Added +1.9m |
| Bank of New York Mellon Corp 0.14% of their portfolio | 3.5m $700.1m | Reduced -999.8k |
| Capital Research Global Investors 0.14% of their portfolio | 3.2m $645.0m | Reduced -615.0k |
| NORTHERN TRUST CORP 0.09% of their portfolio | 3.1m $630.3m | Added +64.6k |
| WELLS FARGO & COMPANY/MN 0.15% of their portfolio | 3.1m $616.3m | Added +2.2m |
| Invesco Ltd. 0.12% of their portfolio | 3.1m $615.1m | Added +136.2k |
| BANK OF AMERICA CORP /DE/ 0.05% of their portfolio | 2.9m $576.3m | Added +1.3m |
| NORGES BANK 0.08% of their portfolio | 2.7m $545.7m | Reduced -113.1k |
| UBS Group AG 0.11% of their portfolio | 2.4m $484.4m | Added +1.2m |
| JPMORGAN CHASE & CO 0.04% of their portfolio | 2.3m $469.4m | Added +1.1m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.08% of their portfolio | 2.1m $416.0m | Added +63.0k |
| GOLDMAN SACHS GROUP INC 0.07% of their portfolio | 1.9m $389.1m | Added +275.9k |
| Nuveen, LLC 0.11% of their portfolio | 1.8m $358.6m | First filing |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.09% of their portfolio | 1.7m $333.7m | Reduced -457.9k |
| Legal & General Group Plc 0.09% of their portfolio | 1.6m $324.2m | Added +27.5k |
| Pictet Asset Management Holding SA 0.28% of their portfolio | 1.3m $252.2m | Added +86.0k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.08% of their portfolio | 1.2m $245.7m | Reduced -74.0k |
| BARCLAYS PLC 0.11% of their portfolio | 1.2m $244.5m | Added +488.2k |
| FRANKLIN RESOURCES INC 0.07% of their portfolio | 1.1m $228.3m | Added +96.2k |
| D. E. Shaw & Co., Inc. 0.25% of their portfolio | 1.0m $210.9m | Reduced -1.6m |
| NORDEA INVESTMENT MANAGEMENT AB 0.22% of their portfolio | 1.0m $208.4m | Added +139.2k |
| Amundi 0.07% of their portfolio | 1.0m $190.6m | Reduced -23.6k |
| DEUTSCHE BANK AG\ 0.08% of their portfolio | 953.8k $192.3m | Added +114.6k |
| Bridgewater Associates, LP 0.88% of their portfolio | 941.7k $189.9m | Reduced -4.6k |
| Capital World Investors 0.03% of their portfolio | 909.8k $183.5m | Reduced -13.3k |
| ALKEON CAPITAL MANAGEMENT LLC 1.06% of their portfolio | 891.2k $179.7m | Reduced -376.3k |
| Swiss National Bank 0.13% of their portfolio | 882.3k $177.9m | Reduced -1.0k |
| ROYAL BANK OF CANADA 0.04% of their portfolio | 863.8k $174.2m | Added +34.7k |
| National Pension Service 0.16% of their portfolio | 849.9k $171.4m | Added +55.6k |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 816.4k $164.6m | Reduced -24.2k |
| Southpoint Capital Advisors LP 3.89% of their portfolio | 800.0k $161.3m | Added +200.0k |
| JANE STREET GROUP, LLC 0.28% of their portfolio | 779.2k $157.1m | Added +212.7k |
| NATIONAL BANK OF CANADA /FI/ 0.18% of their portfolio | 776.1k $156.5m | Added +603.8k |
| ClearBridge Investments Ltd 4.05% of their portfolio | 773.2k $155.9m | Reduced -48.2k |
| Sumitomo Mitsui Trust Group, Inc. 0.11% of their portfolio | 753.3k $151.9m | Added +8.6k |
| HSBC HOLDINGS PLC 0.10% of their portfolio | 736.6k $148.1m | Reduced -46.6k |
| REAVES W H & CO INC 3.72% of their portfolio | 724.1k $146.0m | Reduced -113.7k |
| Electron Capital Partners, LLC 10.02% of their portfolio | 694.0k $139.9m | Reduced -88.2k |
| Assenagon Asset Management S.A. 0.25% of their portfolio | 690.2k $139.2m | Reduced -675.5k |
| Qube Research & Technologies Ltd 0.22% of their portfolio | 689.8k $139.1m | Added +307.1k |
| 59 North Capital Management, LP 4.82% of their portfolio | 663.6k $133.8m | Reduced -200.6k |
| Value Aligned Research Advisors, LLC 10.39% of their portfolio | 634.5k $127.9m | Added +580.7k |
| PRUDENTIAL FINANCIAL INC 0.18% of their portfolio | 615.5k $124.1m | Added +404.0k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.11% of their portfolio | 613.7k $123.7m | Added +59.9k |
| Capital Group Private Client Services, Inc. 1.18% of their portfolio | 597.1k $120.4m | Added +52.8k |
| PointState Capital LP 2.54% of their portfolio | 576.3k $116.2m | New |
| ALLIANCEBERNSTEIN L.P. 0.04% of their portfolio | 572.2k $115.4m | Reduced -11.3k |
| RHUMBLINE ADVISERS 0.10% of their portfolio | 547.1k $110.3m | Added +12.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.06% of their portfolio | 536.1k $108.1m | Reduced -78.6k |
| California Public Employees Retirement System 0.07% of their portfolio | 500.3k $100.9m | Added +453 |
| CITIGROUP INC 0.08% of their portfolio | 498.6k $100.5m | Added +161.4k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.12% of their portfolio | 488.5k $98.5m | Reduced -3.8k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.16% of their portfolio | 488.1k $98.4m | Added +362.6k |
| RENAISSANCE TECHNOLOGIES LLC 0.15% of their portfolio | 477.4k $96.3m | Added +332.4k |
| NEUBERGER BERMAN GROUP LLC 0.08% of their portfolio | 476.0k $96.0m | Reduced -121.9k |
| ProShare Advisors LLC 0.21% of their portfolio | 461.3k $93.0m | Added +57.0k |
| Munro Partners 4.18% of their portfolio | 436.4k $88.0m | Reduced -378.7k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.13% of their portfolio | 435.9k $87.9m | Reduced -34.5k |
| Forest Avenue Capital Management LP 11.06% of their portfolio | 401.7k $81.0m | Reduced -33.2k |
| Railway Pension Investments Ltd 1.13% of their portfolio | 394.9k $79.6m | Reduced -56.9k |
| BANK OF MONTREAL /CAN/ 0.04% of their portfolio | 380.7k $76.8m | Reduced -243.9k |
| Russell Investments Group, Ltd. 0.11% of their portfolio | 380.5k $76.7m | Added +38.8k |
| VAN ECK ASSOCIATES CORP 0.10% of their portfolio | 372.7k $75.1m | Added +107.9k |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 364.3k $73.4m | Added +167.6k |
| RAYMOND JAMES FINANCIAL INC 0.03% of their portfolio | 359.0k $72.4m | Added +44.6k |
| Korea Investment CORP 0.17% of their portfolio | 356.5k $71.9m | Added +84.7k |
| CITADEL ADVISORS LLC 0.07% of their portfolio | 356.3k $71.8m | Added +58.4k |
| Thrivent Financial for Lutherans 0.16% of their portfolio | 353.8k $71.4m | Reduced -32.9k |
| VICTORY CAPITAL MANAGEMENT INC 0.07% of their portfolio | 348.8k $70.3m | Reduced -107.9k |
| Aberdeen Group plc 0.13% of their portfolio | 322.4k $64.6m | Added +159.5k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 0.98% of their portfolio | 318.9k $64.3m | Added +99.6k |
| LPL Financial LLC 0.02% of their portfolio | 311.8k $62.9m | Added +93.6k |
| Ensign Peak Advisors, Inc 0.12% of their portfolio | 311.7k $62.9m | Reduced -32.5k |
| FIRST TRUST ADVISORS LP 0.06% of their portfolio | 310.0k $62.5m | Reduced -54.5k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.12% of their portfolio | 304.2k $61.3m | Added +1.4k |
| MILLENNIUM MANAGEMENT LLC 0.06% of their portfolio | 304.0k $61.3m | Added +162.6k |
| ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio | 300.5k $60.6m | Added +50.2k |
| BROWN ADVISORY INC 0.09% of their portfolio | 296.1k $59.7m | Added +6.0k |
| CI INVESTMENTS INC. 0.24% of their portfolio | 282.4k $56.9m | Reduced -321.3k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.12% of their portfolio | 278.9k $56.2m | Added +43.6k |
| Allianz Asset Management GmbH 0.08% of their portfolio | 277.1k $55.9m | Added +169.1k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.10% of their portfolio | 275.5k $55.5m | Reduced -46.7k |
| PANAGORA ASSET MANAGEMENT INC 0.28% of their portfolio | 273.1k $55.1m | Added +12.9k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.05% of their portfolio | 270.6k $54.6m | Added +9.1k |
| Rokos Capital Management LLP 1.45% of their portfolio | 265.9k $53.6m | Reduced -75.3k |
| Capital International, Inc./CA/ 0.65% of their portfolio | 264.1k $53.2m | Added +20.9k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.12% of their portfolio | 257.2k $51.9m | Reduced -7.1k |
| CAPITAL FUND MANAGEMENT S.A. 0.62% of their portfolio | 242.6k $48.9m | Reduced -618 |
| DANSKE BANK A/S 0.15% of their portfolio | 239.0k $48.2m | Added +54.0k |
| FRED ALGER MANAGEMENT, LLC 0.27% of their portfolio | 234.5k $47.3m | Reduced -129.7k |