Gotham Asset Management Reduces Stake in NRG Energy

Hedge fund lowers position in utility provider by over 30% in Q3

Mar. 16, 2026 at 10:39am

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Gotham Asset Management LLC lowered its stake in NRG Energy, Inc. (NYSE:NRG) by 32.4% in the 3rd quarter, according to a recent 13F filing with the Securities & Exchange Commission. The firm owned 216,402 shares of the utilities provider's stock after selling 103,843 shares during the quarter.

Why it matters

The reduction in Gotham's NRG Energy holdings is notable as the hedge fund was previously a significant investor in the utility company. This move could signal a shift in Gotham's outlook on NRG Energy or a broader portfolio rebalancing strategy.

The details

Gotham Asset Management sold 103,843 shares of NRG Energy in Q3, lowering its total position to 216,402 shares. This represented approximately 0.11% ownership of NRG Energy at the time. The filing did not provide specific reasons for the stake reduction.

  • Gotham Asset Management lowered its NRG Energy stake in the 3rd quarter of 2026.

The players

Gotham Asset Management LLC

A hedge fund that previously held a sizable position in NRG Energy.

NRG Energy, Inc.

A U.S.-based integrated power company that develops, owns and operates a diversified portfolio of power generation assets.

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The takeaway

Gotham Asset Management's reduction in its NRG Energy holdings suggests the hedge fund may be reevaluating its position in the utility company, though the specific reasons are unclear from the filing. This move could signal broader shifts in Gotham's investment strategy or outlook on the energy sector.