Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Cms Energy Corp (CMS)

791 + 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
↑ +8
Streak
11Q ▲
Buyers last Q
54%

Smart Money Signals — CMS

Based on 801 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 11 quarters in a row

last 6Q
For 11 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
801 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 — +11% more funds vs a year ago

fund count last 6Q
+80 new funds entered over the past year (+11% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 54% buying

417 buying352 selling
Last quarter: 417 funds bought or added vs 352 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.
➡️

Steady new buyers — ~111 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 96 → 105 → 112 → 111. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

65% of holders stayed for 2+ years

■ 65% conviction (2yr+) ■ 17% medium ■ 17% new
523 out of 801 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

100 → 96 → 105 → 112 → 111 new funds/Q
New funds entering each quarter: 96 → 105 → 112 → 111. A growing number of institutions are discovering CMS each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 70% veterans vs 21% newcomers

■ 70% veterans ■ 9% 1-2yr ■ 21% new
Entry-cohort mix of 808 holders: 568 (70%) are 2+ year veterans, 69 entered 1–2 years ago, and 171 (21%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 61% AUM from top-100 funds

61% from top-100 AUM funds
64 of 800 holders are among the 100 largest funds by AUM, controlling 61% 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.
3.6
out of 10
Low Exit Risk
Exit risk score 3.6/10 — 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 2026 Q1, 417 hedge funds were net buyers of CMS (111 opened a new position, 306 added to an existing one), while 352 reduced or exited (249 trimmed, 103 sold completely) — a 54% buyer ratio, indicating a slight buying edge. This marks 11 consecutive quarters of net institutional buying — a persistent conviction signal. 61% of total institutional value in CMS is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +8 funds (more new holders than closures). Total institutional holders: 801.

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

-- --

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

Loading signal freshness…
Smart Money Signal ?
Broad Consensus, Selective Conviction

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

51 top-rated funds 3 high-conviction
Consensus
7.5
/ 10
breadth
×
Elite
3.0
/ 10
conviction
Hedge Fund Positioning: CMS
2026 Q2 Stats Unlock in 1 days 791 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 791 792 -0.13%
13F Shares 282M 295M -4.47%
Total Value $20.98B $20.30B 3.36%
New Positions 107 112 -5
Increased Positions 300 285 +15
Closed Positions 108 82 +26
Reduced Positions 245 264 -19
Total Calls 5 7 -28.57%
Total Puts 3 3 -
PUT/CALL Ratio 0.6 0.43 Bullish

Statistics: CMS

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q2)

791 + investors

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

QUARTER:
2026 Q2 filings are still coming in. Only funds that have filed so far are shown — top holders may not have reported yet. Full 13F data typically settles by ~50 days after quarter-end.
Top 25 CMS holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Thiel Macro LLC 9.45% 517,124 $39.6M
2 Magellan Asset Management Ltd 4.34% 2,539,050 $194.2M
3 Longboard Asset Management, LP 3.82% 2,982 $228K
4 Bruce & Co., Inc. 3.17% 153,000 $11.7M
5 Partners Group Holding AG 2.52% 483,770 $37.0M
6 Reaves W H & Co Inc 2.22% 1,909,154 $146.1M
7 Cidel Asset Management Inc 1.49% 405,656 $31.0M
8 Brasada Capital Management, LP 1.47% — $8.2M
9 Avalon Trust Co 1.38% 292,774 $22.4M
10 Mattern Capital Management, LLC 1.35% 150,896 $11.5M
11 RWC Asset Management LLP 1.25% 432,884 $33.1M
12 Miller Howard Investments Inc /Ny 1.16% 571,159 $43.7M
13 Nicholson Wealth Management Group, LLC 1.14% 25,189 $1.9M
14 Duff & Phelps Investment Management Co 1.05% 1,453,667 $111.2M
15 Fisher Funds Management LTD 0.93% 429,193 $32.8M
16 Soros Fund Management LLC 0.91% 970,362 $74.2M
17 Energy Income Partners, LLC 0.84% 702,074 $53.7M
18 Opus Investment Management Inc 0.84% 20,000 $1.5M
19 Cox Capital Mgt LLC 0.74% 17,289 $1.3M
20 Covea Finance 0.72% 297,150 $22.7M
21 Vaughan Nelson Investment Management, L.P. 0.70% 1,028,844 $78.7M
22 SilverOak Wealth Management LLC 0.68% 68,825 $5.3M
23 GQG Partners LLC 0.68% 4,750,161 $363.4M
24 Cbre Investment Management Listed Real Assets LLC 0.63% 595,592 $45.6M
25 BTG Pactual Asset Management US LLC 0.57% 120,155 $9.2M
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 — 11 quarters in a row: For 11 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: 417 funds bought or added vs 352 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 — 61% AUM from top-100 funds: 64 of 800 holders are among the 100 largest funds by AUM, controlling 61% 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?

65% of holders stayed for 2+ years: 523 out of 801 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.

Full history →