TALEN ENERGY CORP TLN
COM · Common Stock · CUSIP 87422Q109
- SectorUtilities
- IndustryElectric Services
- HeadquartersHouston, TX
- 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 ($58.1m this quarter). Holder counts are more reliable. Shares outstanding: 47.9m as of 2026-08-05, 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 ≈ $384.09. Options: 30 managers hold calls ($1.6bn notional), 26 hold puts ($1.5bn).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q2 2023 | 2 |
| Q3 2023 | 3 |
| Q4 2023 | 4 |
| Q1 2024 | 7 |
| Q2 2024 | 11 |
| Q3 2024 | 236 |
| Q4 2024 | 321 |
| Q1 2025 | 385 |
| Q2 2025 | 460 |
| Q3 2025 | 554 |
| Q4 2025 | 592 |
| Q1 2026 | 579 |
| Q2 2026 | 645 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 226 | 7 |
| Q4 2024 | 194 | 131 |
| Q1 2025 | 252 | 147 |
| Q2 2025 | 272 | 196 |
| Q3 2025 | 339 | 208 |
| Q4 2025 | 324 | 271 |
| Q1 2026 | 324 | 273 |
| Q2 2026 | 379 | 264 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $1.9bn | $805.9m | 0.42 |
| Q4 2025 | $989.9m | $464.1m | 0.47 |
| Q1 2026 | $916.8m | $747.1m | 0.81 |
| Q2 2026 | $1.6bn | $1.5bn | 0.90 |
Biggest buyers
| ECP ControlCo, LLC | New | +2.4m |
| Assenagon Asset Management S.A. | Added | +716.0k |
| JANE STREET GROUP, LLC | Added | +449.4k |
| FRED ALGER MANAGEMENT, LLC | Added | +360.5k |
| Boston Partners | Added | +281.2k |
| BlackRock, Inc. | Added | +265.4k |
| GOLDMAN SACHS GROUP INC | Added | +203.9k |
| Merewether Investment Management, LP | New | +154.8k |
| CARRONADE CAPITAL MANAGEMENT, LP | Added | +151.0k |
| Yaupon Capital Management LP | Added | +114.5k |
Biggest sellers
| LONE PINE CAPITAL LLC | Sold out | -1.8m |
| Invesco Ltd. | Reduced | -375.0k |
| Atalan Capital Partners, LP | Sold out | -229.6k |
| Two Creeks Capital Management, LP | Reduced | -214.4k |
| Sachem Head Capital Management LP | Reduced | -177.5k |
| Glendon Capital Management LP | Reduced | -177.2k |
| FMR LLC | Reduced | -151.9k |
| Bridgewater Associates, LP | Reduced | -144.6k |
| CITADEL ADVISORS LLC | Reduced | -109.6k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Reduced | -105.5k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $504.3m1.3m shares |
| JANE STREET GROUP, LLC | Added | $240.1m624.9k shares |
| CITADEL ADVISORS LLC | Added | $228.6m595.0k shares |
| Walleye Trading LLC | Added | $115.8m301.3k shares |
| DG Capital Management, LLC | Added | $108.8m283.1k shares |
| IMC-Chicago, LLC | Added | $103.1m268.3k shares |
| JPMORGAN CHASE & CO | Added | $60.9m152.5k shares |
| GROUP ONE TRADING LLC | Added | $60.8m158.1k shares |
| CastleKnight Management LP | Added | $26.9m70.0k shares |
| LMR Partners LLP | Added | $25.5m66.3k shares |
Biggest puts
| JANE STREET GROUP, LLC | Added | $455.5m1.2m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $347.2m903.6k shares |
| CITADEL ADVISORS LLC | Added | $216.2m562.6k shares |
| IMC-Chicago, LLC | Added | $75.4m196.2k shares |
| HRT FINANCIAL LP | Added | $72.0m187.5k shares |
| GROUP ONE TRADING LLC | Added | $56.3m146.4k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $48.2m125.4k shares |
| Walleye Trading LLC | Added | $40.5m105.3k shares |
| Alphadyne Asset Management LP | New | $26.0m67.7k shares |
| JPMORGAN CHASE & CO | Added | $22.0m55.0k 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 |
|---|---|
| BlackRock, Inc. 13G · institution new · filed 2025-10-17 | 8.6% |
| Rubric Capital Management LP 13G · exempt (held before listing) -2.0 pts · filed 2025-11-14 | 7.9% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 5.2% |
| ECP ControlCo, LLC 13G · passive investor new · filed 2026-06-23 | 5.0% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales since 1 Apr 2026
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 |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 1 | $190.6k | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
| Q2 2026 | 0 | — | 1 | $988.0k | — |
| Q3 2026 | 0 | — | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-06-15 | ABBAS GIZMAN I Director | Sold | $988.0k2.6k 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, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.02% of their portfolio | 4.4m $1.7bn | Added +265.4k |
| Rubric Capital Management LP 12.70% of their portfolio | 3.6m $1.4bn | Unchanged |
| MFN Partners Management, LP 23.85% of their portfolio | 3.0m $1.2bn | Unchanged |
| ECP ControlCo, LLC 19.75% of their portfolio | 2.4m $922.2m | New |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.04% of their portfolio | 2.2m $832.7m | Added +70.8k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 2.1m $789.1m | Added +7.1k |
| FRED ALGER MANAGEMENT, LLC 1.98% of their portfolio | 1.5m $594.2m | Added +360.5k |
| REAVES W H & CO INC 8.61% of their portfolio | 1.5m $567.4m | Reduced -34.0k |
| STATE STREET CORP 0.02% of their portfolio | 1.4m $530.2m | Added +36.9k |
| Sachem Head Capital Management LP 10.92% of their portfolio | 1.4m $526.4m | Reduced -177.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 953.6k $366.5m | Added +43.7k |
| Assenagon Asset Management S.A. 0.22% of their portfolio | 869.5k $334.1m | Added +716.0k |
| CARRONADE CAPITAL MANAGEMENT, LP 5.29% of their portfolio | 795.5k $305.7m | Added +151.0k |
| MILLENNIUM MANAGEMENT LLC 0.20% of their portfolio | 781.5k $300.3m | Reduced -5.7k |
| Capital World Investors 0.03% of their portfolio | 758.0k $291.3m | Reduced -17.0k |
| Invesco Ltd. 0.02% of their portfolio | 588.6k $226.2m | Reduced -375.0k |
| Attestor Capital Ltd 64.48% of their portfolio | 587.5k $225.7m | Added +107.5k |
| NORGES BANK 0.02% of their portfolio | 579.9k $222.8m | Not comparable |
| Two Seas Capital LP 7.44% of their portfolio | 507.2k $194.9m | Reduced -71.9k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.58% of their portfolio | 497.7k $191.2m | Reduced -27.6k |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 483.0k $185.6m | Added +203.9k |
| JANE STREET GROUP, LLC 0.11% of their portfolio | 456.0k $175.2m | Added +449.4k |
| Capital Research Global Investors 0.02% of their portfolio | 435.6k $167.4m | Added +113.1k |
| AMERICAN CENTURY COMPANIES INC 0.07% of their portfolio | 428.1k $164.5m | Reduced -15.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 427.1k $164.1m | Added +31.1k |
| MORGAN STANLEY 0.01% of their portfolio | 423.3k $162.7m | Added +16.8k |
| FMR LLC 0.01% of their portfolio | 392.7k $150.9m | Reduced -151.9k |
| YACKTMAN ASSET MANAGEMENT LP 1.71% of their portfolio | 359.8k $138.3m | Reduced -100 |
| Clearbridge Investments, LLC 0.11% of their portfolio | 333.5k $128.2m | Added +31.6k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 331.7k $127.4m | Added +12.7k |
| OAKTREE CAPITAL MANAGEMENT LP 2.40% of their portfolio | 331.1k $127.2m | Unchanged |
| UBS Group AG 0.02% of their portfolio | 311.6k $119.7m | Added +2.9k |
| Boston Partners 0.11% of their portfolio | 307.8k $118.3m | Added +281.2k |
| VANGUARD FIDUCIARY TRUST CO 0.02% of their portfolio | 291.3k $111.9m | Added +7.3k |
| Bank of New York Mellon Corp 0.02% of their portfolio | 290.9k $111.8m | Reduced -9.7k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.05% of their portfolio | 285.5k $109.7m | Added +10.3k |
| Pictet Asset Management Holding SA 0.10% of their portfolio | 273.4k $105.1m | Reduced -60.9k |
| BROWN ADVISORY INC 0.16% of their portfolio | 271.9k $104.5m | Added +22.3k |
| Deltroit Asset Management (UK) LLP 16.44% of their portfolio | 262.5k $100.9m | Reduced -47.9k |
| Blue Grotto Capital, LLC 8.37% of their portfolio | 261.0k $100.3m | Added +41.0k |
| BARCLAYS PLC 0.03% of their portfolio | 216.5k $83.2m | Added +78.6k |
| Squarepoint Ops LLC 0.16% of their portfolio | 212.7k $81.7m | Added +52.3k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 204.0k $78.4m | Added +58.6k |
| TREMBLANT CAPITAL GROUP 2.18% of their portfolio | 197.7k $76.0m | Added +40.2k |
| Allspring Global Investments Holdings, LLC 0.11% of their portfolio | 194.7k $70.3m | Reduced -62.7k |
| Yaupon Capital Management LP 2.48% of their portfolio | 193.6k $74.4m | Added +114.5k |
| JENNISON ASSOCIATES LLC 0.04% of their portfolio | 185.1k $71.1m | Reduced -35.5k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.02% of their portfolio | 180.2k $69.2m | Reduced -4.2k |
| Bornite Capital Management LP 7.62% of their portfolio | 157.5k $60.5m | Reduced -51.3k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 155.9k $59.9m | Reduced -2.8k |
| Merewether Investment Management, LP 1.12% of their portfolio | 154.8k $59.5m | New |
| SEI INVESTMENTS CO 0.05% of their portfolio | 152.9k $58.8m | Added +15.0k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.24% of their portfolio | 148.3k $57.0m | Reduced -105.5k |
| US BANCORP \DE\ 0.06% of their portfolio | 144.1k $55.4m | Added +12.4k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 141.5k $54.4m | Added +31.5k |
| VICTORY CAPITAL MANAGEMENT INC 0.03% of their portfolio | 141.4k $54.3m | Reduced -12.0k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 138.1k $55.9m | Reduced -19.2k |
| T. Rowe Price Investment Management, Inc. 0.03% of their portfolio | 137.7k $52.9m | Added +64.4k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.05% of their portfolio | 136.1k $52.3m | Reduced -36.2k |
| WESTFIELD CAPITAL MANAGEMENT CO LP 0.17% of their portfolio | 135.1k $51.9m | Added +3.6k |
| Artemis Investment Management LLP 0.46% of their portfolio | 134.6k $51.7m | Reduced -56.7k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 130.4k $50.1m | Reduced -17.0k |
| BANK OF NOVA SCOTIA 0.07% of their portfolio | 126.9k $48.8m | Added +25.4k |
| FIL Ltd 0.03% of their portfolio | 126.6k $48.7m | Reduced -4.1k |
| TORTOISE CAPITAL ADVISORS, L.L.C. 0.49% of their portfolio | 125.1k $48.1m | Reduced -13.9k |
| BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio | 125.0k $48.0m | Reduced -58.0k |
| DENDUR CAPITAL LP 2.79% of their portfolio | 124.0k $47.6m | Unchanged |
| Holocene Advisors, LP 0.11% of their portfolio | 124.0k $47.6m | Reduced -2.0k |
| Bridgewater Associates, LP 0.19% of their portfolio | 121.5k $46.7m | Reduced -144.6k |
| RHUMBLINE ADVISERS 0.03% of their portfolio | 119.7k $46.0m | Added +3.8k |
| GILDER GAGNON HOWE & CO LLC 0.47% of their portfolio | 118.3k $45.5m | Reduced -1.8k |
| Qube Research & Technologies Ltd 0.05% of their portfolio | 108.6k $41.7m | New |
| Charter Oak Advisors LP 23.91% of their portfolio | 107.3k $41.2m | Reduced -2.6k |
| Blackstone Inc. 0.13% of their portfolio | 105.0k $40.3m | Reduced -12.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 102.7k $39.5m | Added +770 |
| DG Capital Management, LLC 13.64% of their portfolio | 102.5k $39.4m | Reduced -9.6k |
| Clearline Capital LP 2.52% of their portfolio | 101.8k $39.1m | Reduced -11.4k |
| LPL Financial LLC 0.01% of their portfolio | 100.8k $38.7m | Added +35.4k |
| Nuveen, LLC 0.01% of their portfolio | 99.4k $38.2m | Added +12.3k |
| EVENTIDE ASSET MANAGEMENT, LLC 0.50% of their portfolio | 97.4k $37.5m | Reduced -19.8k |
| Portolan Capital Management, LLC 1.30% of their portfolio | 90.3k $34.7m | Added +8.7k |
| SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC 0.90% of their portfolio | 90.0k $34.6m | New |
| TRAN CAPITAL MANAGEMENT, L.P. 3.96% of their portfolio | 89.4k $34.4m | Reduced -1.3k |
| Gotham Asset Management, LLC 0.08% of their portfolio | 86.0k $33.0m | Added +29.7k |
| LOOMIS SAYLES & CO L P 0.04% of their portfolio | 85.4k $32.8m | Added +5.0k |
| MARSICO CAPITAL MANAGEMENT LLC 0.82% of their portfolio | 82.2k $31.6m | New |
| Swiss National Bank 0.02% of their portfolio | 82.0k $31.5m | Added +5.2k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.11% of their portfolio | 81.5k $31.3m | Added +60.8k |
| Maple Rock Capital Partners Inc. 0.61% of their portfolio | 80.3k $30.9m | New |
| Glendon Capital Management LP 3.97% of their portfolio | 79.8k $30.7m | Reduced -177.2k |
| Apis Capital Advisors, LLC 2.92% of their portfolio | 78.0k $30.0m | Reduced -2.0k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 77.1k $29.6m | Added +8.6k |
| CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 1.32% of their portfolio | 76.8k $29.5m | Reduced -12.5k |
| EXCHANGE TRADED CONCEPTS, LLC 0.14% of their portfolio | 74.5k $28.6m | Added +2.4k |
| Brookfield Corp /ON/ 0.04% of their portfolio | 74.4k $28.6m | Added +74.0k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 70.5k $27.1m | Added +5.9k |
| STIFEL FINANCIAL CORP 0.02% of their portfolio | 69.0k $26.5m | Added +16.3k |
| SG Americas Securities, LLC 0.01% of their portfolio | 67.1k $25.8m | Added +57.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 67.1k $25.8m | Added +13.4k |
| ING GROEP NV 0.12% of their portfolio | 66.1k $25.4m | Added +49.6k |