BTG Pactual Asset Management US LLC CMS — CMS ENERGY CORP

Ownership history in BTG Pactual Asset Management US LLC  ·  4 quarters on record

AI Ownership Summary

BTG Pactual Asset Management US LLC reported CMS ENERGY CORP (CMS) in 4 quarterly 13F filings from 2024 Q4 through 2026 Q2. Peak portfolio weight reached 0.57% in 2026 Q2. The latest visible filing shows CMS at 0.57% of the fund.

This page tracks quarterly shares, estimated market value, portfolio weight, filing dates, and disclosure-aligned stock prices directly from SEC EDGAR 13F filings.

What this CMS ownership page tells you

This page is designed to answer the real investor question behind a 13F filing: how meaningful was BTG Pactual Asset Management US LLC's position in CMS ENERGY CORP, and how did that conviction change over time? You can read the holding window, peak weight, latest reported size, disclosure timing, and quarter-by-quarter changes without piecing the story together from raw SEC rows.

Freshest filing
Latest Reported Filing
2026 Q2

CMS was reported at 0.57% of portfolio in the most recent visible filing.

High-water mark
Peak Conviction
0.57% in 2026 Q2

Peak weight helps separate a token disclosure from a real conviction holding the fund genuinely cared about.

Time in book
Holding Window
2024 Q4 to 2026 Q2

Longer holding windows often tell a very different story from short-lived tactical trades or one-quarter experiments.

Decision context
Why It Matters
Position size beats headlines

Knowing that a fund owned a stock is useful. Knowing whether it was a 0.20% placeholder or a true high-conviction position is where the signal actually starts.

CMS stock page BTG Pactual Asset Management US LLC fund profile BTG Pactual Asset Management US LLC full holdings
How BTG Pactual Asset Management US LLC held CMS — position size vs. price
% of Fund (quarterly)    CMS price (quarter-end, indexed to 100)    SPY (indexed to 100)    QQQ (indexed to 100)
📋 Quarterly Holdings History 4 quarters  ▾
Quarter Action Sold % After 3M Timing Shares Change Chg % % of Fund Mkt Value Filed Price (Filed)
2026 Q2 ADDED — — — 120,155 +49,282 +69.5% 0.57% $9.2M 2026-08-14 $71.11
2026 Q1 ADDED — — — 70,873 +43,695 +160.8% 0.48% $5.5M 2026-05-14 $72.67
2025 Q1 REDUCED 59.7% -7.1% ✅ 27,178 -40,196 -59.7% 0.22% $2.0M 2025-05-15 $68.25
2024 Q4 INITIATED — — — 67,374 — — 0.47% $4.5M 2025-02-13 $66.19

🏢 Other funds also holding CMS

As of 2026 Q2 — sorted by position size

Thiel Macro LLC 3Y 9.45% Magellan Asset Management Ltd 3Y 7Y 4.34% Longboard Asset Management, LP 3.82% Bruce & Co., Inc. 3Y 7Y 3.17% Partners Group Holding AG 3Y 7Y 2.52% REAVES W H & CO INC 3Y 7Y 2.22% CIDEL ASSET MANAGEMENT INC 3Y 7Y 1.49% BRASADA CAPITAL MANAGEMENT, LP 3Y 7Y 1.47% Avalon Trust Co 3Y 1.38% MATTERN CAPITAL MANAGEMENT, LLC 3Y 1.35%

FAQ About BTG Pactual Asset Management US LLC and CMS

These are the practical questions this page is built to answer before you even open the full history table.

How long has BTG Pactual Asset Management US LLC reported owning CMS?

BTG Pactual Asset Management US LLC reported CMS across 4 quarterly 13F filings, from 2024 Q4 through 2026 Q2.

What was the largest reported CMS position in BTG Pactual Asset Management US LLC's portfolio?

The largest reported portfolio weight for CMS was 0.57% in 2026 Q2.

What is the latest reported CMS position on this page?

The most recent filing on this page is 2026 Q2, when BTG Pactual Asset Management US LLC reported 120,155 shares, equal to 0.57% of portfolio, with an estimated market value of $9.2M.

What does the chart on this CMS ownership page compare?

The chart compares BTG Pactual Asset Management US LLC's quarterly CMS portfolio weight with the stock's indexed share price, so you can see whether the fund was building, trimming, or holding the position as price moved.

How well did BTG Pactual Asset Management US LLC time their CMS position?

Based on 13F filing dates vs. subsequent CMS price moves, BTG Pactual Asset Management US LLC correctly timed 1 out of 3 reported position changes (33%). The annualised alpha on CMS relative to SPY over the holding period was +22640.7%.

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