Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

CMS ENERGY CORP (CMS)

773 + Investors. Track Smart Money conviction in CMS. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +30
Streak
10Q ▲
Buyers last Q
54%

Smart Money Signals — CMS

Based on 765 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 10 quarters in a row

last 6Q
For 10 consecutive quarters, more hedge funds added CMS than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
765 hedge funds hold CMS right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +12% more funds vs a year ago

fund count last 6Q
+84 new funds entered over the past year (+12% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 54% buying

394 buying330 selling
Last quarter: 394 funds bought or added vs 330 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
📈

More new buyers each quarter (+9 vs last Q)

new funds entering per quarter
Funds opening a new CMS position: 96 → 92 → 99 → 108. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

66% of holders stayed for 2+ years

■ 66% conviction (2yr+) ■ 18% medium ■ 15% new
508 out of 765 hedge funds have held CMS for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
📈

Growing discovery — still being found

98 → 96 → 92 → 99 → 108 new funds/Q
New funds entering each quarter: 96 → 92 → 99 → 108. A growing number of institutions are discovering CMS each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Deep conviction — 70% of holders stayed 2+ years

■ 70% veterans ■ 10% 1-2yr ■ 20% new
Of 773 current holders: 544 (70%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
🏆

Elite ownership — 60% AUM from top-100 funds

60% from top-100 AUM funds
48 of 765 holders are among the 100 largest funds by AUM, controlling 60% of total institutional value in CMS. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.5
out of 10
Low Exit Risk
Exit risk score 3.5/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — CMS

In 2025 Q4, 394 hedge funds were net buyers of CMS (108 opened a new position, 286 added to an existing one), while 330 reduced or exited (252 trimmed, 78 sold completely) — a 54% buyer ratio, indicating a slight buying edge. This marks 10 consecutive quarters of net institutional buying — a persistent conviction signal. 60% of total institutional value in CMS is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +30 funds (more new holders than closures). Total institutional holders: 765.

Hedge Fund Ownership: CMS

How many hedge funds hold CMS — quarterly history vs. share price
Quarterly hedge fund ownership of CMS vs. share price

Market Analysis: CMS

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: CMS

Utilities Utilities - Regulated Electric

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

50 top-rated funds 2 high-conviction
Consensus
7.4
/ 10
breadth
×
Elite
2.5
/ 10
conviction
Hedge Fund Positioning: CMS
2026 Q1 Stats Unlock in 6 days 773 + Investors

Track Smart Money conviction in CMS. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 773 745 3.76%
13F Shares 292M 287M 1.76%
Total Value $20.16B $20.51B -1.75%
New Positions 109 99 +10
Increased Positions 295 292 +3
Closed Positions 79 79 -
Reduced Positions 261 245 +16
Total Calls 7 7 -
Total Puts 3 5 -40.0%
PUT/CALL Ratio 0.43 0.71 Bullish

Statistics: CMS

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Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

773 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in CMS. Verified SEC 13F-HR filings.

Top 25 institutional holders of CMS — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Longboard Asset Management, LP 4.00% 2,982 $231K
2 Verbena Value LP 2.79% 219,500 $17.0M
3 REAVES W H & CO INC 2.72% 2,114,254 $164.0M
4 Magellan Asset Management Ltd 2.03% 2,019,954 $156.7M
5 CIDEL ASSET MANAGEMENT INC 1.69% 398,132 $30.9M
6 Avalon Trust Co 1.57% 293,359 $22.8M
7 MATTERN CAPITAL MANAGEMENT, LLC 1.48% 159,660 $12.4M
8 iA Global Asset Management Inc. 1.45% 1,323,167 $103K
9 RWC Asset Management LLP 1.37% 424,309 $32.9M
10 Fisher Funds Management LTD 1.20% 525,747 $40.8M
11 MILLER HOWARD INVESTMENTS INC /NY 1.19% 563,102 $43.7M
12 DUFF & PHELPS INVESTMENT MANAGEMENT CO 1.17% 1,453,667 $112.8M
13 Nicholson Wealth Management Group, LLC 1.16% 25,652 $2.0M
14 OPUS INVESTMENT MANAGEMENT INC 0.93% 20,000 $1.6M
15 Atlas Wealth LLC 0.85% 149,640 $2.8M
16 SilverOak Wealth Management LLC 0.84% 68,825 $5.3M
17 LORD, ABBETT & CO. LLC 0.84% 3,308,716 $257K
18 VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. 0.80% 1,023,324 $79.4M
19 Covea Finance 0.80% 293,100 $22.7M
20 NewSquare Capital LLC 0.58% 86,611 $6.7M
21 HOWE & RUSLING INC 0.58% 114,599 $8.9M
22 Braeburn Wealth Management LLC 0.55% 12,509 $970K
23 GQG Partners LLC 0.54% 4,412,573 $342.3M
24 Blue Water Asset Management 0.54% 20,073 $1.6M
25 LeClair Wealth Partners LLC 0.54% 20,073 $1.6M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — CMS ENERGY CORP (CMS)

What does the Smart Money Trend signal show for CMS?

Buying streak — 10 quarters in a row: For 10 consecutive quarters, more hedge funds added CMS than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for CMS?

Slight buying edge — 54% buying: Last quarter: 394 funds bought or added vs 330 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for CMS holders?

Elite ownership — 60% AUM from top-100 funds: 48 of 765 holders are among the 100 largest funds by AUM, controlling 60% of total institutional value in CMS. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held CMS?

66% of holders stayed for 2+ years: 508 out of 765 hedge funds have held CMS for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.