Assetmark Inc. Increases Holdings in Consolidated Edison Inc.

Utility company's stock sees boost from major institutional investor

Apr. 14, 2026 at 7:20am

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A dramatic, high-contrast close-up image of the heavy machinery and equipment that makes up the inner workings of a major utility company, conveying a sense of scale, complexity, and industrial might without any text or identifiable elements.Assetmark Inc.'s increased investment in Consolidated Edison highlights the stability and importance of the utility's infrastructure in powering the New York metropolitan region.NYC Today

Assetmark Inc., a major investment management firm, has increased its stake in Consolidated Edison Inc. (NYSE: ED), the New York-based utility provider, by 4.5% in the fourth quarter of 2025 according to a recent SEC filing. Assetmark now owns 702,037 shares of Consolidated Edison's stock, worth approximately $69.7 million.

Why it matters

Consolidated Edison is one of the largest utility companies in the Northeast, providing electricity, natural gas, and steam to millions of customers in the New York metropolitan area. Institutional investors like Assetmark closely monitor the company's performance, and changes in their holdings can signal broader market trends and investor sentiment around the utility sector.

The details

According to the 13F filing, Assetmark added 30,549 shares of Consolidated Edison to its portfolio during the fourth quarter of 2025, increasing its total position to 702,037 shares. This represents about 0.19% of Consolidated Edison's total outstanding shares. The investment firm cited the utility's stable cash flows, regulated business model, and potential for growth as reasons for boosting its stake.

  • Assetmark Inc. filed its 13F report for the fourth quarter of 2025 on April 14, 2026.
  • The filing shows Assetmark increased its Consolidated Edison holdings during the October-December 2025 period.

The players

Assetmark Inc.

A major investment management firm that oversees over $70 billion in client assets.

Consolidated Edison Inc.

A New York-based utility company that provides electricity, natural gas, and steam to customers in the metropolitan area.

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What’s next

Investors will be closely watching Consolidated Edison's upcoming earnings report and any further changes to major institutional holdings in the stock.

The takeaway

The increase in Assetmark's stake in Consolidated Edison reflects ongoing investor confidence in the utility's fundamentals and ability to generate stable returns, even as the broader market faces economic uncertainty.