Richard Bernstein Advisors Trims Exelon Stake

Investment firm reduces position in electric utility company by over 50%

Published on Mar. 10, 2026

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Richard Bernstein Advisors LLC has reduced its stake in Exelon Corporation (NASDAQ:EXC) by 53.7% in the third quarter, according to a recent 13F filing with the Securities and Exchange Commission. The firm now owns 56,386 shares of the electric utility company's stock, down from 121,672 shares previously.

Why it matters

Exelon is one of the largest electric and gas utilities in the United States, serving millions of customers across Illinois, Pennsylvania, Maryland, New Jersey and Delaware. Changes in institutional ownership of the company's stock can signal shifts in investor sentiment and market expectations.

The details

According to the 13F filing, Richard Bernstein Advisors sold 65,286 shares of Exelon during the third quarter, reducing its position to 56,386 shares worth approximately $2.54 million. The firm cited unspecified portfolio management decisions as the reason for the reduction in its Exelon holdings.

  • The 13F filing reflects Richard Bernstein Advisors' position as of the end of the third quarter of 2026.

The players

Richard Bernstein Advisors LLC

An independent investment management firm that provides investment strategies and solutions to institutional and private clients.

Exelon Corporation

A Chicago-based energy company that operates primarily as a regulated electric and natural gas utility holding company, serving millions of customers across several states.

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The takeaway

The reduction in Richard Bernstein Advisors' Exelon stake could signal a shift in investor sentiment towards the utility company, though the specific reasons behind the portfolio changes are not clear from the filing. Analysts will likely monitor Exelon's performance and any further changes in institutional ownership in the coming quarters.