PORTLAND GEN ELEC CO POR
COM NEW · Common Stock · CUSIP 736508847 · ISIN US7365088472
Public utility based in Portland, Oregon
- SectorUtilities
- IndustryElectric Services
- HeadquartersPortland, OR
- Founded1888
- Websiteportlandgeneral.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 ($18.3m this quarter). Holder counts are more reliable. Shares outstanding: 115.6m as of 2026-02-10, 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 ≈ $48.02. Options: 5 managers hold calls ($12.8m notional), 6 hold puts ($2.4m).
Trends to Q4 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 362 |
| Q4 2022 | 389 |
| Q1 2023 | 385 |
| Q2 2023 | 371 |
| Q3 2023 | 373 |
| Q4 2023 | 391 |
| Q1 2024 | 382 |
| Q2 2024 | 410 |
| Q3 2024 | 437 |
| Q4 2024 | 449 |
| Q1 2025 | 451 |
| Q2 2025 | 426 |
| Q3 2025 | 438 |
| Q4 2025 | 465 |
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 | 188 | 189 |
| Q2 2024 | 238 | 145 |
| Q3 2024 | 233 | 169 |
| Q4 2024 | 228 | 191 |
| Q1 2025 | 250 | 188 |
| Q2 2025 | 218 | 212 |
| Q3 2025 | 237 | 185 |
| Q4 2025 | 242 | 182 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $2.2m | $1.2m | 0.54 |
| Q2 2025 | $2.7m | $25.6m | 9.52 |
| Q3 2025 | $5.2m | $5.3m | 1.02 |
| Q4 2025 | $12.8m | $2.4m | 0.19 |
Biggest buyers
| Clearbridge Investments, LLC | Added | +4.3m |
| FULLER & THALER ASSET MANAGEMENT, INC. | Added | +3.1m |
| AQR CAPITAL MANAGEMENT LLC | Added | +1.1m |
| BlackRock, Inc. | Added | +912.1k |
| TWO SIGMA ADVISERS, LP | Added | +794.9k |
| UBS Group AG | Added | +739.4k |
| HITE Hedge Asset Management LLC | Added | +576.3k |
| TWO SIGMA INVESTMENTS, LP | Added | +532.9k |
| VANGUARD GROUP INC | Added | +513.5k |
| CITADEL ADVISORS LLC | Added | +416.6k |
Biggest sellers
| ATLAS Infrastructure Partners (UK) Ltd. | Reduced | -2.4m |
| JPMORGAN CHASE & CO | Reduced | -2.4m |
| Channing Capital Management, LLC | Sold out | -1.5m |
| Invesco Ltd. | Reduced | -683.8k |
| Freestone Grove Partners LP | Sold out | -508.9k |
| BARCLAYS PLC | Reduced | -490.1k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC | Sold out | -425.0k |
| NEW YORK STATE COMMON RETIREMENT FUND | Reduced | -368.2k |
| NORDEA INVESTMENT MANAGEMENT AB | Reduced | -362.1k |
| MARSHALL WACE, LLP | Sold out | -332.1k |
Biggest calls
| PEAK6 LLC | New | $9.6m200.0k shares |
| CITADEL ADVISORS LLC | Reduced | $1.4m29.1k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $955.0k19.9k shares |
| JANE STREET GROUP, LLC | Added | $710.3k14.8k shares |
| Walleye Trading LLC | Reduced | $134.4k2.8k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $897.4k18.7k shares |
| CITADEL ADVISORS LLC | New | $398.3k8.3k shares |
| Walleye Capital LLC | Reduced | $383.9k8.0k shares |
| Walleye Trading LLC | Added | $326.3k6.8k shares |
| SIMPLEX TRADING, LLC | Reduced | $311.9k6.5k shares |
| GROUP ONE TRADING LLC | Reduced | $91.2k1.9k 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 PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.8% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-07-31 | 5.3% |
Fell to 5% or below in the last year: Clearbridge Investments, LLC (4.8%, 2026-07-29), VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)
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 | — | 2 | $99.2k | $81.6k |
| Q2 2024 | 0 | — | 4 | $2.3m | $142.1k |
| Q3 2024 | 1 | $522 | 5 | $484.1k | $220.1k |
| Q4 2024 | 0 | — | 1 | $94.3k | — |
| Q1 2025 | 0 | — | 3 | $280.9k | $280.9k |
| Q2 2025 | 0 | — | 1 | $79.4k | $79.4k |
| Q3 2025 | 0 | — | 6 | $1.4m | $185.3k |
| Q4 2025 | 0 | — | 0 | — | — |
None reported in Q4 2025.
Holders, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.01% of their portfolio | 16.1m $773.8m | Added +912.1k |
| VANGUARD GROUP INC 0.01% of their portfolio | 13.0m $624.9m | Added +513.5k |
| FULLER & THALER ASSET MANAGEMENT, INC. 0.67% of their portfolio | 8.2m $392.0m | Added +3.1m |
| STATE STREET CORP 0.01% of their portfolio | 4.7m $229.3m | Added +156.2k |
| Clearbridge Investments, LLC 0.18% of their portfolio | 4.6m $222.8m | Added +4.3m |
| AQR CAPITAL MANAGEMENT LLC 0.09% of their portfolio | 3.6m $170.4m | Added +1.1m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.05% of their portfolio | 3.0m $142.0m | Reduced -27.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 2.8m $134.7m | Added +73.2k |
| HITE Hedge Asset Management LLC 8.13% of their portfolio | 2.7m $127.4m | Added +576.3k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 2.2m $103.8m | Reduced -2.4m |
| ATLAS Infrastructure Partners (UK) Ltd. 4.66% of their portfolio | 1.9m $93.0m | Reduced -2.4m |
| Invesco Ltd. 0.01% of their portfolio | 1.9m $90.5m | Reduced -683.8k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 1.8m $87.0m | Added +39.0k |
| MILLENNIUM MANAGEMENT LLC 0.06% of their portfolio | 1.8m $85.8m | Added +402.1k |
| NEUBERGER BERMAN GROUP LLC 0.06% of their portfolio | 1.6m $76.5m | Reduced -2.5k |
| MORGAN STANLEY 0.00% of their portfolio | 1.5m $74.1m | Added +46.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 1.5m $72.3m | Added +66.1k |
| Thrivent Financial for Lutherans 0.13% of their portfolio | 1.5m $72.0m | Added +4.4k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 1.4m $65.6m | Added +70.3k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 1.3m $64.8m | Reduced -53.6k |
| NORDEA INVESTMENT MANAGEMENT AB 0.05% of their portfolio | 1.2m $60.1m | Reduced -362.1k |
| NORGES BANK 0.01% of their portfolio | 1.2m $56.5m | Not comparable |
| FIRST TRUST ADVISORS LP 0.04% of their portfolio | 1.1m $53.7m | Reduced -155.1k |
| FMR LLC 0.00% of their portfolio | 1.1m $51.7m | Added +132.1k |
| TWO SIGMA INVESTMENTS, LP 0.07% of their portfolio | 1.0m $50.1m | Added +532.9k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.0m $49.6m | Reduced -219.3k |
| LAZARD ASSET MANAGEMENT LLC 0.08% of their portfolio | 1.0m $48.4m | Added +155.5k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 975.6k $46.8m | Added +298.7k |
| TWO SIGMA ADVISERS, LP 0.09% of their portfolio | 919.3k $44.1m | Added +794.9k |
| VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio | 906.0k $43.5m | Reduced -30.0k |
| Nuveen, LLC 0.01% of their portfolio | 885.7k $42.5m | Added +274.4k |
| UBS Group AG 0.01% of their portfolio | 883.2k $42.4m | Added +739.4k |
| ProShare Advisors LLC 0.07% of their portfolio | 868.0k $41.7m | Reduced -172.4k |
| GW&K Investment Management, LLC 0.35% of their portfolio | 849.5k $40.8m | Reduced -33.9k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 814.9k $39.1m | Reduced -3.3k |
| LSV ASSET MANAGEMENT 0.08% of their portfolio | 799.1k $38.4m | Added +203.4k |
| BROWN ADVISORY INC 0.05% of their portfolio | 731.4k $35.1m | Reduced -268.7k |
| OLD REPUBLIC INTERNATIONAL CORP 1.33% of their portfolio | 687.5k $33.0m | Added +67.5k |
| ALGERT GLOBAL LLC 0.48% of their portfolio | 644.3k $30.9m | Reduced -42.8k |
| SYSTEMATIC FINANCIAL MANAGEMENT LP 0.73% of their portfolio | 642.6k $30.8m | Reduced -11.3k |
| CITADEL ADVISORS LLC 0.02% of their portfolio | 622.0k $29.9m | Added +416.6k |
| Legal & General Group Plc 0.01% of their portfolio | 567.4k $27.2m | Reduced -54.7k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 435.8k $20.9m | Reduced -22.6k |
| MetLife Investment Management, LLC 0.10% of their portfolio | 417.1k $20.0m | Reduced -3.9k |
| PANAGORA ASSET MANAGEMENT INC 0.07% of their portfolio | 394.2k $18.9m | Added +227.9k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 334.5k $16.1m | Reduced -29.0k |
| Redwood Grove Capital, LLC 4.33% of their portfolio | 316.3k $15.2m | Reduced -94.0k |
| Brandywine Global Investment Management, LLC 0.10% of their portfolio | 308.4k $14.8m | Reduced -11.5k |
| NUANCE INVESTMENTS, LLC 1.62% of their portfolio | 306.2k $14.7m | Reduced -90.0k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.04% of their portfolio | 305.4k $14.7m | Reduced -7.2k |
| California Public Employees Retirement System 0.01% of their portfolio | 301.4k $14.5m | Reduced -55.7k |
| GABELLI FUNDS LLC 0.10% of their portfolio | 299.4k $14.4m | Unchanged |
| VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 298.7k $14.3m | Added +106.0k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 293.7k $14.1m | Added +17.2k |
| FEDERATED HERMES, INC. 0.02% of their portfolio | 287.2k $13.8m | Added +41.7k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 287.2k $13.8m | Added +61.0k |
| BARCLAYS PLC 0.01% of their portfolio | 276.4k $13.3m | Reduced -490.1k |
| GLENMEDE TRUST CO NA 0.06% of their portfolio | 273.4k $13.1m | First filing |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 256.8k $12.3m | Reduced -43.9k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 255.8k $12.3m | Added +27.7k |
| Brookstone Capital Management 0.14% of their portfolio | 248.1k $11.9m | Reduced -19.8k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 243.7k $11.7m | Reduced -3.3k |
| Leeward Investments, LLC - MA 0.58% of their portfolio | 239.3k $11.5m | Reduced -1.3k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 223.0k $10.7m | Added +59.0k |
| JOHN G ULLMAN & ASSOCIATES INC 1.39% of their portfolio | 217.8k $10.5m | Reduced -2.0k |
| Swiss National Bank 0.01% of their portfolio | 216.1k $10.4m | Added +3.9k |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.05% of their portfolio | 212.7k $10.2m | Added +4.9k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.02% of their portfolio | 197.0k $9.5m | Added +54.3k |
| HRT FINANCIAL LP 0.04% of their portfolio | 190.8k $9.2m | Reduced -163.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 189.5k $9.1m | Reduced -8.6k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 163.4k $7.8m | Added +35.2k |
| Verition Fund Management LLC 0.04% of their portfolio | 159.1k $7.6m | Reduced -41.0k |
| Trexquant Investment LP 0.07% of their portfolio | 156.0k $7.5m | Reduced -107.3k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 155.4k $7.5m | Added +5.2k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 155.1k $7.4m | Added +7.4k |
| VAN ECK ASSOCIATES CORP 0.01% of their portfolio | 155.1k $7.4m | Reduced -6.0k |
| Moody Aldrich Partners LLC 1.35% of their portfolio | 150.4k $7.2m | Added +14.0k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 147.7k $7.1m | Added +102.3k |
| ONTARIO TEACHERS PENSION PLAN BOARD 0.15% of their portfolio | 138.8k $6.7m | Added +23.8k |
| Cerity Partners LLC 0.01% of their portfolio | 138.4k $6.6m | Added +10.6k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 135.4k $6.5m | Reduced -1.7k |
| GUGGENHEIM CAPITAL LLC 0.05% of their portfolio | 135.1k $6.5m | Reduced -6.6k |
| Retirement Systems of Alabama 0.02% of their portfolio | 135.0k $6.5m | Added +2.5k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 128.2k $6.2m | Reduced -3.7k |
| Susquehanna Portfolio Strategies, LLC 0.09% of their portfolio | 124.4k $6.0m | New |
| Dana Investment Advisors, Inc. 0.17% of their portfolio | 122.5k $5.9m | Reduced -5.4k |
| CONGRESS ASSET MANAGEMENT CO 0.04% of their portfolio | 121.6k $5.8m | Reduced -4.6k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 118.9k $5.7m | Reduced -2.6k |
| Edgestream Partners, L.P. 0.16% of their portfolio | 118.7k $5.7m | Reduced -36.5k |
| MARTINGALE ASSET MANAGEMENT L P 0.14% of their portfolio | 117.4k $5.6m | Added +37.1k |
| DEAN INVESTMENT ASSOCIATES, LLC 0.80% of their portfolio | 116.5k $5.6m | New |
| GREAT LAKES ADVISORS, LLC 0.05% of their portfolio | 115.5k $5.5m | Unchanged |
| MACKENZIE FINANCIAL CORP 0.01% of their portfolio | 114.8k $5.5m | Added +45.9k |
| SEGALL BRYANT & HAMILL, LLC 0.07% of their portfolio | 112.3k $5.4m | Added +13.0k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 111.1k $5.3m | Reduced -95.3k |
| Man Group plc 0.01% of their portfolio | 109.9k $5.3m | Added +95.0k |
| Martin Capital Partners, LLC 1.98% of their portfolio | 109.4k $5.3m | Added +65 |
| Sterling Capital Management LLC 0.08% of their portfolio | 107.3k $5.2m | Reduced -10.4k |
| IEQ CAPITAL, LLC 0.02% of their portfolio | 106.1k $5.1m | Added +47.4k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 104.0k $5.0m | Added +89 |