CMS
CMS Energy Corporation · Utilities · Regulated Electric
Momentum inputs (comparable managers):
holder breadth +5.9% ·
share flow -6.3% ·
net new positions +5.6%
— formula
Ownership fragmentation — more holders, smaller aggregate stake
All ownership figures: tracked 13F managers only, common-stock positions, reporting period Q2 2025
| Quarter | Holders | Δ | Shares | Reported value | New | Exits |
|---|---|---|---|---|---|---|
| Q2 2026 | 154 | -3 | 262.53M | $19.66B | +5 | −7 |
| Q1 2026 | 159 | +1 | 254.62M | $18.52B | +4 | −4 |
| Q4 2025 | 157 | -1 | 270.23M | $17.90B | +1 | −1 |
| Q3 2025 | 22 | +2 | 156.99M | $11.50B | +3 | −2 |
| Q2 2025 | 18 | +1 | 110.44M | $7.65B | +1 | — |
| Q1 2025 | 14 | +1 | 47.28M | $3.55B | +2 | −1 |
| Q4 2024 | 13 | +1 | 42.28M | $2.82B | +1 | — |
| Q3 2024 | 11 | -2 | 21.34M | $1.51B | — | −2 |
| Q2 2024 | 13 | — | 14.99M | $890.96M | — | — |
| # | Manager | Shares | Δ shares | Value | Their weight | Held | ||
|---|---|---|---|---|---|---|---|---|
| 1 | The Vanguard Group ✦ (passive) | 39.04M | — | $2.70B | 0.0% | n/c | 1 | SEC ↗ |
| 2 | The Vanguard Group ✦ (passive) | 39.04M | — | $2.70B | 0.0% | n/c | 1 | SEC ↗ |
| 3 | The Vanguard Group ✦ (passive) | 39.04M | — | $2.70B | 0.0% | n/c | 1 | SEC ↗ |
| 4 | The Vanguard Group ✦ (passive) | 39.04M | — | $2.70B | 0.0% | n/c | 1 | SEC ↗ |
| 5 | The Vanguard Group ✦ (passive) | 39.04M | — | $2.70B | 0.0% | n/c | 1 | SEC ↗ |
| 6 | BlackRock ✦ (passive) | 30.83M | — | $2.14B | 0.0% | n/c | 1 | SEC ↗ |
| 7 | BlackRock ✦ (passive) | 30.83M | — | $2.14B | 0.0% | n/c | 1 | SEC ↗ |
| 8 | BlackRock ✦ (passive) | 30.83M | — | $2.14B | 0.0% | n/c | 1 | SEC ↗ |
| 9 | BlackRock ✦ (passive) | 30.83M | — | $2.14B | 0.0% | n/c | 1 | SEC ↗ |
| 10 | BlackRock ✦ (passive) | 30.83M | — | $2.14B | 0.0% | n/c | 1 | SEC ↗ |
| 11 | BlackRock ✦ (passive) | 30.83M | — | $2.14B | 0.0% | n/c | 1 | SEC ↗ |
| 12 | BlackRock ✦ (passive) | 30.83M | — | $2.14B | 0.0% | n/c | 1 | SEC ↗ |
| 13 | BlackRock ✦ (passive) | 30.83M | — | $2.14B | 0.0% | n/c | 1 | SEC ↗ |
| 14 | BlackRock ✦ (passive) | 30.83M | — | $2.14B | 0.0% | n/c | 1 | SEC ↗ |
| 15 | BlackRock ✦ (passive) | 30.83M | — | $2.14B | 0.0% | n/c | 1 | SEC ↗ |
| 16 | BlackRock ✦ (passive) | 30.83M | — | $2.14B | 0.0% | n/c | 1 | SEC ↗ |
| 17 | BlackRock ✦ (passive) | 30.83M | — | $2.14B | 0.0% | n/c | 1 | SEC ↗ |
| 18 | BlackRock ✦ (passive) | 30.83M | — | $2.14B | 0.0% | n/c | 1 | SEC ↗ |
| 19 | BlackRock ✦ (passive) | 30.83M | — | $2.14B | 0.0% | n/c | 1 | SEC ↗ |
| 20 | BlackRock ✦ (passive) | 30.83M | — | $2.14B | 0.0% | n/c | 1 | SEC ↗ |
| 21 | BlackRock ✦ (passive) | 30.83M | — | $2.14B | 0.0% | n/c | 1 | SEC ↗ |
| 22 | BlackRock ✦ (passive) | 30.83M | — | $2.14B | 0.0% | n/c | 1 | SEC ↗ |
| 23 | BlackRock ✦ (passive) | 30.83M | — | $2.14B | 0.0% | n/c | 1 | SEC ↗ |
| 24 | BlackRock ✦ (passive) | 30.83M | — | $2.14B | 0.0% | n/c | 1 | SEC ↗ |
| 25 | BlackRock ✦ (passive) | 30.83M | — | $2.14B | 0.0% | n/c | 1 | SEC ↗ |
| 26 | BlackRock ✦ (passive) | 30.83M | — | $2.14B | 0.0% | n/c | 1 | SEC ↗ |
| 27 | BlackRock ✦ (passive) | 30.83M | — | $2.14B | 0.0% | n/c | 1 | SEC ↗ |
| 28 | BlackRock ✦ (passive) | 30.83M | — | $2.14B | 0.0% | n/c | 1 | SEC ↗ |
| 29 | BlackRock ✦ (passive) | 30.83M | — | $2.14B | 0.0% | n/c | 1 | SEC ↗ |
| 30 | BlackRock ✦ (passive) | 30.83M | — | $2.14B | 0.0% | n/c | 1 | SEC ↗ |
| 31 | BlackRock ✦ (passive) | 30.83M | — | $2.14B | 0.0% | n/c | 1 | SEC ↗ |
| 32 | State Street Global Advisors ✦ (passive) | 17.46M | +4.7% | $1.21B | 0.0% | ▲ Add | 3 | SEC ↗ |
| 33 | State Street Global Advisors ✦ (passive) | 17.46M | +4.7% | $1.21B | 0.0% | ▲ Add | 3 | SEC ↗ |
| 34 | Geode Capital Management ✦ (passive) | 8.02M | +1.6% | $553.44M | 0.0% | ▲ Add | 5 | SEC ↗ |
| 35 | Geode Capital Management ✦ (passive) | 8.02M | +1.6% | $553.44M | 0.0% | ▲ Add | 5 | SEC ↗ |
| 36 | T. Rowe Price ✦ | 6.97M | -57.9% | $482.94M | 0.1% | ▼ Trim | 5 | SEC ↗ |
| 37 | T. Rowe Price ✦ | 6.97M | -57.9% | $482.94M | 0.1% | ▼ Trim | 5 | SEC ↗ |
| 38 | Norges Bank ✦ (passive) | 3.45M | +33.6% | $238.95M | 0.0% | ▲ Add | 5 | SEC ↗ |
| 39 | Citadel Advisors ✦ | 2.15M | +51.4% | $148.63M | 0.1% | ▲ Add | 2 | SEC ↗ |
| 40 | Citadel Advisors ✦ | 2.15M | +51.4% | $148.63M | 0.1% | ▲ Add | 2 | SEC ↗ |
| 41 | Citadel Advisors ✦ | 2.15M | +51.4% | $148.63M | 0.1% | ▲ Add | 2 | SEC ↗ |
| 42 | Fidelity (FMR) ✦ | 658.36K | — | $45.61M | 0.0% | n/c | 1 | SEC ↗ |
| 43 | Fidelity (FMR) ✦ | 658.36K | — | $45.61M | 0.0% | n/c | 1 | SEC ↗ |
| 44 | Fidelity (FMR) ✦ | 658.36K | — | $45.61M | 0.0% | n/c | 1 | SEC ↗ |
| 45 | Fidelity (FMR) ✦ | 658.36K | — | $45.61M | 0.0% | n/c | 1 | SEC ↗ |
| 46 | Fidelity (FMR) ✦ | 658.36K | — | $45.61M | 0.0% | n/c | 1 | SEC ↗ |
| 47 | AQR Capital Management ✦ | 491.28K | +0.2% | $33.84M | 0.0% | ▲ Add | 5 | SEC ↗ |
| 48 | AQR Capital Management ✦ | 491.28K | +0.2% | $33.84M | 0.0% | ▲ Add | 5 | SEC ↗ |
| 49 | AQR Capital Management ✦ | 491.28K | +0.2% | $33.84M | 0.0% | ▲ Add | 5 | SEC ↗ |
| 50 | AQR Capital Management ✦ | 491.28K | +0.2% | $33.84M | 0.0% | ▲ Add | 5 | SEC ↗ |
| 51 | Renaissance Technologies ✦ | 420.30K | -34.7% | $29.12M | 0.0% | ▼ Trim | 5 | SEC ↗ |
| 52 | D. E. Shaw & Co. ✦ | 285.67K | -30.8% | $19.79M | 0.0% | ▼ Trim | 5 | SEC ↗ |
| 53 | D. E. Shaw & Co. ✦ | 285.67K | -30.8% | $19.79M | 0.0% | ▼ Trim | 5 | SEC ↗ |
| 54 | Two Sigma Investments ✦ | 266.07K | -11.1% | $18.43M | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 55 | Two Sigma Investments ✦ | 266.07K | -11.1% | $18.43M | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 56 | Millennium Management ✦ | 156.56K | -5.8% | $10.85M | 0.0% | ▼ Trim | 5 | SEC ↗ |
| 57 | Adage Capital Partners ✦ | 73.96K | New | $5.12M | 0.0% | New | 1 | SEC ↗ |
| 58 | Wellington Management ✦ | 73.25K | -2.0% | $5.07M | 0.0% | ▼ Trim | 5 | SEC ↗ |
| 59 | Wellington Management ✦ | 73.25K | -2.0% | $5.07M | 0.0% | ▼ Trim | 5 | SEC ↗ |
| 60 | Gotham Asset Management ✦ | 40.53K | +232.4% | $2.81M | 0.0% | ▲ Add | 5 | SEC ↗ |
| 61 | Arrowstreet Capital ✦ | 29.42K | -6.7% | $2.04M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 62 | GAMCO Investors ✦ | 26.95K | 0.0% | $1.87M | 0.0% | Held | 5 | SEC ↗ |
“Their weight” = the position's share of that manager's reported 13F equity value — the conviction measure. ✦ = curated manager.
New buyers
| Adage Capital Partners | $5.12M | 0.0% |
Exited
| No tracked exits this quarter. |
Full-market context: across ALL 13F filers (SEC structured data, Q1 2026): 2 holders, 426 shares, $9,414 reported. This is a different, older period than the tracked-universe figures above and the two are never mixed.
What else this security's tracked holders most often hold — shared-ownership counts, not fundamental relationships.