NUSCALE PWR CORP SMR
CL A COM · Common Stock · CUSIP 67079K100 · ISIN US67079K1007
Private company that designs and markets small modular reactors (SMRs)
- SectorIndustrials
- IndustryFabricated Plate Work (Boiler Shops)
- HeadquartersCorvallis, OR
- Founded2007
- Websitenuscalepower.com
- 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 ($11.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $14.18. Options: 30 managers hold calls ($305.5m notional), 33 hold puts ($354.4m).
Trends to Q4 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 88 |
| Q4 2022 | 103 |
| Q1 2023 | 103 |
| Q2 2023 | 118 |
| Q3 2023 | 125 |
| Q4 2023 | 125 |
| Q1 2024 | 135 |
| Q2 2024 | 180 |
| Q3 2024 | 206 |
| Q4 2024 | 307 |
| Q1 2025 | 323 |
| Q2 2025 | 444 |
| Q3 2025 | 475 |
| Q4 2025 | 462 |
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 2024 | 68 | 61 |
| Q2 2024 | 124 | 46 |
| Q3 2024 | 136 | 60 |
| Q4 2024 | 223 | 66 |
| Q1 2025 | 225 | 112 |
| Q2 2025 | 296 | 139 |
| Q3 2025 | 305 | 169 |
| Q4 2025 | 261 | 246 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $108.5m | $75.3m | 0.69 |
| Q2 2025 | $553.8m | $391.4m | 0.71 |
| Q3 2025 | $734.6m | $739.3m | 1.01 |
| Q4 2025 | $305.5m | $354.4m | 1.16 |
Biggest buyers
| VAN ECK ASSOCIATES CORP | Added | +6.2m |
| Clear Street Group Inc. | Added | +4.5m |
| VANGUARD GROUP INC | Added | +4.5m |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | New | +3.5m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | +3.1m |
| TWO SIGMA INVESTMENTS, LP | Added | +2.5m |
| Qube Research & Technologies Ltd | New | +2.4m |
| MORGAN STANLEY | Added | +2.4m |
| CITADEL ADVISORS LLC | Added | +2.0m |
| CAPITAL FUND MANAGEMENT S.A. | Added | +1.8m |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -3.9m |
| Samsung C&T Corp | Reduced | -3.6m |
| Tidal Investments LLC | Reduced | -1.9m |
| D. E. Shaw & Co., Inc. | Sold out | -1.9m |
| Alyeska Investment Group, L.P. | Sold out | -1.4m |
| Driehaus Capital Management LLC | Sold out | -916.0k |
| GOLDMAN SACHS GROUP INC | Reduced | -728.8k |
| NATIONAL BANK OF CANADA /FI/ | Reduced | -527.9k |
| ROYAL BANK OF CANADA | Reduced | -426.0k |
| Allianz Asset Management GmbH | Sold out | -398.5k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $67.2m4.7m shares |
| JANE STREET GROUP, LLC | Added | $56.3m4.0m shares |
| CITADEL ADVISORS LLC | Reduced | $43.4m3.1m shares |
| D. E. Shaw & Co., Inc. | Added | $30.9m2.2m shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $26.5m1.9m shares |
| IMC-Chicago, LLC | Added | $20.1m1.4m shares |
| GROUP ONE TRADING LLC | Reduced | $10.2m720.7k shares |
| SIMPLEX TRADING, LLC | Added | $9.1m639.9k shares |
| Squarepoint Ops LLC | Added | $9.0m635.6k shares |
| Caption Management, LLC | Reduced | $6.8m477.0k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $88.0m6.2m shares |
| CITADEL ADVISORS LLC | Added | $63.3m4.5m shares |
| Clear Street Group Inc. | New | $31.2m2.2m shares |
| JANE STREET GROUP, LLC | Reduced | $29.1m2.1m shares |
| Tidal Investments LLC | Reduced | $28.9m2.0m shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $15.9m1.1m shares |
| IMC-Chicago, LLC | Added | $13.9m983.9k shares |
| SIMPLEX TRADING, LLC | Reduced | $9.3m654.8k shares |
| Squarepoint Ops LLC | Added | $8.4m592.7k shares |
| GROUP ONE TRADING LLC | Reduced | $7.7m543.8k 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 |
|---|---|
| VAN ECK ASSOCIATES CORP 13G · institution +2.2 pts · filed 2026-08-14 | 8.5% |
| BlackRock, Inc. 13G · institution +3.1 pts · filed 2026-07-29 | 6.5% |
Fell to 5% or below in the last year: GOLDMAN SACHS GROUP INC (2.6%, 2026-05-11), FLUOR CORP (3.9%, 2026-04-17), VANGUARD GROUP INC (0.0%, 2026-03-27)
Insider purchases and sales in Q4 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 |
|---|---|---|---|---|---|
| Q1 2024 | 0 | — | 5 | $379.0k | — |
| Q2 2024 | 0 | — | 5 | $426.4k | $198.1k |
| Q3 2024 | 0 | — | 2 | $261.7k | — |
| Q4 2024 | 0 | — | 2 | $1.2m | $1.2m |
| Q1 2025 | 0 | — | 6 | $16.3m | $14.1m |
| Q2 2025 | 0 | — | 5 | $4.8m | $4.0m |
| Q3 2025 | 0 | — | 4 | $450.4m | $1.2m |
| Q4 2025 | 0 | — | 3 | $159.7m | $2.1m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-12-08 | Hamady Robert Ramsey Chief Financial Officer | Sold plan | $886.8k40.0k shares |
| 2025-10-08 | FLUOR CORP Director · See footnote | Sold | $3.5m87.9k shares |
| 2025-10-07 | FLUOR CORP Director · See footnote | Sold | $33.4m820.9k shares |
| 2025-10-06 | FLUOR CORP Director · See footnote | Sold | $36.2m854.0k shares |
| 2025-10-03 | FLUOR CORP Director · See footnote | Sold | $31.9m797.6k shares |
| 2025-10-02 | FLUOR CORP Director · See footnote | Sold | $33.2m863.9k shares |
| 2025-10-01 | FLUOR CORP Director · See footnote | Sold | $19.4m532.4k shares |
| 2025-10-01 | Reyes Jose N Jr Chief Technology Officer · By Jose N. Reyes, Jr. Trust, dated August 2, 2021 | Sold plan | $1.2m33.0k 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, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.00% of their portfolio | 15.5m $220.3m | Added +4.5m |
| VAN ECK ASSOCIATES CORP 0.13% of their portfolio | 11.5m $163.2m | Added +6.2m |
| BlackRock, Inc. 0.00% of their portfolio | 10.8m $152.9m | Added +798.3k |
| Clear Street Group Inc. 0.65% of their portfolio | 8.8m $125.3m | Added +4.5m |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.17% of their portfolio | 8.2m $116.2m | Added +891.7k |
| MORGAN STANLEY 0.00% of their portfolio | 5.3m $74.8m | Added +2.4m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.08% of their portfolio | 4.3m $61.6m | Added +3.1m |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.17% of their portfolio | 3.5m $49.0m | New |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 3.2m $45.7m | Added +237.4k |
| STATE STREET CORP 0.00% of their portfolio | 3.0m $42.0m | Added +113.2k |
| UBS Group AG 0.01% of their portfolio | 2.9m $41.0m | Added +905.9k |
| TWO SIGMA INVESTMENTS, LP 0.06% of their portfolio | 2.6m $36.9m | Added +2.5m |
| Qube Research & Technologies Ltd 0.05% of their portfolio | 2.4m $33.9m | New |
| CITADEL ADVISORS LLC 0.02% of their portfolio | 2.3m $33.2m | Added +2.0m |
| Tidal Investments LLC 0.13% of their portfolio | 2.1m $30.0m | Reduced -1.9m |
| JANE STREET GROUP, LLC 0.03% of their portfolio | 2.1m $29.5m | Added +1.4m |
| Marex Group Ltd 0.29% of their portfolio | 1.9m $26.9m | Added +136.1k |
| CAPITAL FUND MANAGEMENT S.A. 0.25% of their portfolio | 1.9m $26.9m | Added +1.8m |
| BARCLAYS PLC 0.01% of their portfolio | 1.8m $25.8m | Added +1.6m |
| Samsung C&T Corp 100.00% of their portfolio | 1.6m $22.5m | Reduced -3.6m |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.5m $21.9m | Added +80.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 1.3m $18.9m | Reduced -293.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 1.2m $17.0m | Added +112.8k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 1.1m $16.0m | New |
| Squarepoint Ops LLC 0.03% of their portfolio | 1.1m $15.7m | Added +934.7k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.1m $15.7m | Reduced -8.0k |
| Swedbank AB 0.02% of their portfolio | 1.1m $15.6m | Reduced -300.0k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 888.8k $12.6m | Added +105.3k |
| HRT FINANCIAL LP 0.05% of their portfolio | 823.1k $11.7m | New |
| Mirae Asset Global Investments Co., Ltd. 0.03% of their portfolio | 822.8k $11.7m | Added +213.3k |
| Jump Financial, LLC 0.14% of their portfolio | 813.9k $11.5m | New |
| RPG Investment Advisory, LLC 1.24% of their portfolio | 771.0k $10.9m | New |
| LPL Financial LLC 0.00% of their portfolio | 723.8k $10.3m | Added +156.5k |
| Quadrature Capital Ltd 0.10% of their portfolio | 709.7k $10.1m | New |
| ExodusPoint Capital Management, LP 0.10% of their portfolio | 614.9k $8.7m | New |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 578.2k $8.2m | Added +295.2k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 569.1k $8.1m | Added +207.6k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 509.8k $7.2m | Reduced -728.8k |
| EXCHANGE TRADED CONCEPTS, LLC 0.06% of their portfolio | 472.2k $6.7m | Added +65.4k |
| MARSHALL WACE, LLP 0.01% of their portfolio | 453.6k $6.4m | New |
| ONCE CAPITAL MANAGEMENT, LLC 1.62% of their portfolio | 452.7k $6.4m | Added +254.6k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 431.0k $6.1m | Reduced -188.4k |
| Nuveen, LLC 0.00% of their portfolio | 406.3k $5.8m | Added +5.9k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 395.9k $5.6m | Added +3.6k |
| Baird Financial Group, Inc. 0.01% of their portfolio | 372.4k $5.3m | Added +126.6k |
| Trexquant Investment LP 0.04% of their portfolio | 314.2k $4.5m | New |
| Swiss National Bank 0.00% of their portfolio | 278.8k $4.0m | Added +46.1k |
| CITIGROUP INC 0.00% of their portfolio | 272.5k $3.9m | Reduced -8.7k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio | 269.2k $3.8m | Added +60.6k |
| TUDOR INVESTMENT CORP ET AL 0.02% of their portfolio | 250.6k $3.6m | New |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 245.6k $3.5m | Reduced -3.9m |
| Engineers Gate Manager LP 0.04% of their portfolio | 242.7k $3.4m | Added +156.4k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 241.4k $3.4m | Reduced -426.0k |
| Canal Insurance CO 0.80% of their portfolio | 232.9k $3.3m | Added +60.0k |
| Voleon Capital Management LP 0.07% of their portfolio | 228.3k $3.2m | Added +220.8k |
| Caitong International Asset Management Co., Ltd 0.78% of their portfolio | 223.7k $3.2m | New |
| Virtu Financial LLC 0.12% of their portfolio | 219.5k $3.1m | Reduced -359.9k |
| Cetera Investment Advisers 0.00% of their portfolio | 214.2k $3.0m | Added +27.9k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 212.7k $3.0m | Reduced -48.1k |
| Pictet Asset Management Holding SA 0.00% of their portfolio | 204.4k $2.9m | Added +122.5k |
| SIMPLEX TRADING, LLC 0.08% of their portfolio | 201.4k $2.9m | Added +76.7k |
| Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio | 197.8k $2.8m | Added +29.1k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 196.5k $2.8m | Reduced -17.1k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.00% of their portfolio | 194.4k $2.8m | First filing |
| Itau Unibanco Holding S.A. 0.07% of their portfolio | 188.0k $2.7m | New |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 178.7k $2.5m | Reduced -6.4k |
| Connor, Clark & Lunn Investment Management Ltd. 0.01% of their portfolio | 173.4k $2.5m | New |
| Balyasny Asset Management L.P. 0.00% of their portfolio | 170.5k $2.4m | Added +162.8k |
| Walleye Capital LLC 0.01% of their portfolio | 166.2k $2.4m | Added +79.9k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 156.5k $2.2m | Reduced -27.4k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 152.8k $2.1m | Added +135.8k |
| JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio | 152.0k $2.2m | Added +32.3k |
| IMC-Chicago, LLC 0.04% of their portfolio | 151.5k $2.1m | Added +101.3k |
| MAPLELANE CAPITAL, LLC 0.12% of their portfolio | 151.0k $2.1m | Reduced -228.0k |
| Walleye Trading LLC 0.03% of their portfolio | 150.8k $2.1m | Added +115.6k |
| SOROS FUND MANAGEMENT LLC 0.03% of their portfolio | 150.2k $2.1m | New |
| Legal & General Group Plc 0.00% of their portfolio | 142.6k $2.0m | Added +9.8k |
| Prospera Financial Services Inc 0.03% of their portfolio | 140.5k $2.0m | New |
| FMR LLC 0.00% of their portfolio | 136.4k $1.9m | Reduced -376.3k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 135.3k $1.9m | Reduced -5.8k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 134.5k $1.9m | Added +19.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 134.2k $1.9m | Added +20.7k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 133.4k $1.9m | Added +31.1k |
| SEVEN GRAND MANAGERS, LLC 0.13% of their portfolio | 125.0k $1.8m | New |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 118.9k $1.7m | Added +10.1k |
| AE Wealth Management LLC 0.01% of their portfolio | 117.1k $1.7m | Added +94.3k |
| Fox Hill Wealth Management 0.74% of their portfolio | 112.7k $1.6m | Reduced -8.1k |
| Intesa Sanpaolo S.p.A. 0.10% of their portfolio | 106.5k $1.5m | First filing |
| JAT Capital Mgmt LP 1.60% of their portfolio | 104.7k $1.5m | New |
| LMR Partners LLP 0.01% of their portfolio | 102.0k $1.4m | New |
| Mariner, LLC 0.00% of their portfolio | 101.1k $1.4m | Added +7.4k |
| Sculptor Capital LP 0.02% of their portfolio | 101.0k $1.4m | Unchanged |
| CAZ INVESTMENTS LP 2.48% of their portfolio | 101.0k $1.4m | Added +100.0k |
| State of New Jersey Common Pension Fund D 0.01% of their portfolio | 100.1k $1.4m | Added +36.6k |
| Pacer Advisors, Inc. 0.00% of their portfolio | 98.3k $1.4m | New |
| Private Advisor Group, LLC 0.01% of their portfolio | 93.8k $1.3m | Added +17.1k |
| Marathon Trading Investment Management LLC 0.16% of their portfolio | 92.1k $1.3m | New |
| Qsemble Capital Management, LP 0.10% of their portfolio | 87.0k $1.2m | New |
| Verition Fund Management LLC 0.01% of their portfolio | 86.7k $1.2m | Added +19.5k |
| Invesco Ltd. 0.00% of their portfolio | 81.2k $1.2m | Reduced -6.0k |