Martingale Asset Management Reduces Exelon Stake

Investment firm trims position in energy company by 5.3% in Q3

Mar. 13, 2026 at 10:52am

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Martingale Asset Management L.P. decreased its position in shares of Exelon Corporation (NASDAQ:EXC) by 5.3% during the third quarter, according to a recent 13F filing with the Securities and Exchange Commission (SEC). The firm now owns 529,999 shares of the energy company's stock, down from 559,375 shares held previously.

Why it matters

Exelon is one of the largest utility companies in the United States, providing electricity and natural gas services to millions of customers across several states. 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, Martingale Asset Management sold 29,376 shares of Exelon during the third quarter. The firm now owns approximately 0.05% of the company's outstanding shares, valued at $23.86 million as of the most recent SEC reporting period.

  • Martingale Asset Management reduced its Exelon position during the third quarter of 2026.

The players

Martingale Asset Management L.P.

An investment management firm that provides a variety of equity and fixed-income strategies to institutional and individual investors.

Exelon Corporation

A major American energy company that generates and distributes electricity and natural gas, serving customers in Illinois, Pennsylvania, Maryland, New Jersey, and Delaware.

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The takeaway

The reduction in Martingale Asset Management's Exelon position suggests the investment firm may have a more cautious outlook on the energy company's near-term prospects, though Exelon remains a significant holding in the firm's portfolio.