What smart money is saying about Constellation Energy Corp
4 funds in our archive have pitched Constellation Energy Corp — most recently The Davenport Funds in March 2026.
Constellation Energy Corporation operates as a U.S.-based firm dedicated to producing and distributing electricity. Its activities are organized across five primary geographical segments: the Mid-Atlantic, Midwest, New York, ERCOT, and various other power markets. In addition to electrical power, the company supplies natural gas, sustainable energy solutions, and an array of associated energy products and services. Possessing a significant generation capability of 32,400 megawatts, its power portfolio incorporates diverse sources such as nuclear, wind, solar, natural gas, and hydroelectric facilities. The company serves a wide spectrum of clients, including utility distributors, local government bodies, cooperatives, along with commercial, industrial, public sector, and household consumers. Founded in 2021, its corporate headquarters are situated in Baltimore, Maryland. Constellation Energy Corporation previously operated as a subsidiary of Exelon Corporation.
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Position history
Between Q2 2025 and Q2 2026, 9 fund letters reported a position in Constellation Energy Corp — 4 trimmed or exited.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q2 2026 | 7 | 0 | 4 | 0 |
| Q1 2026 | 2 | 0 | 0 | 1 |
| Q4 2025 | 0 | 0 | 0 | 1 |
| Q3 2025 | 0 | 0 | 0 | 1 |
| Q2 2025 | 0 | 0 | 0 | 1 |
Fund activity · 9 positions · 4 moves
“U.S. electric utility Constellation Energy and Brookfield Renewable were the largest detractors for the quarter.”
Constellation Energy Corp“The main detractors were Clearway Energy, Pennon, Constellation Energy, Brookfield Renewable and Grupo Aeroportuario del Sureste.”
Constellation Energy Corp- HoldsReaves W H & CO Long Term Value StrategyJune 2026
“CEG: Constellation Energy underperformed during the quarter despite benefiting from the same favorable dynamics that drove Talen’s outperformance.”
Constellation Energy Corp - June 2026
“Trading activity Having bought dislocation in the first quarter, we spent the second selling strength. Five of the quarter’s ten largest contributors were exited outright: SK Hynix, SanDisk, Applied Materials, Credo and Ciena, the last having doubled over the half year. The other five were reduced, among them Broadcom, Arm and Elite Material, and we also exited the first quarter’s standouts Lumentum and Vertiv, plus CoreWeave and Constellation Energy, alongside AppLovin, Newmont, Robinhood, SoFi and Upstart. With Boston Scientific, Shopify and Mercadolibre discussed above, the quarter’s dealing totalled seventeen positions sold and seventeen initiated: unusually high turnover for this Fund, and a deliberate response to the concentration above.”
Constellation Energy Corp - June 2026
“The hardest decision in investing is selling a winner while it is still winning. We made it eight times this quarter: alongside SK Hynix, Applied Materials and Ciena, we sold GE Vernova, Keyence, Lasertec, Oracle and Constellation Energy, positions whose share prices, in our view, now fully reflect the theses that earned them their place.”
Constellation Energy Corp - June 2026
“The other five were reduced, among them Broadcom, Arm and Elite Material, and we also exited the first quarter’s standouts Lumentum and Vertiv, plus CoreWeave and Constellation Energy, alongside AppLovin, Newmont, Robinhood, SoFi and Upstart.”
Constellation Energy Corp - June 2026
“Trading activity The hardest decision in investing is selling a winner while it is still winning. We made it eight times this quarter: alongside SK Hynix, Applied Materials and Ciena, we sold GE Vernova, Keyence, Lasertec, Oracle and Constellation Energy, positions whose share prices, in our view, now fully reflect the theses that earned them their place.”
Constellation Energy Corp - March 2026
“Lastly, within Utilities, our lone position in Constellation Energy Corporation (CEG) underperformed during the period on worries of increased supply within the PJM region (Pennsylvania-Jersey-Maryland) over time and continued delays in signing new power purchase agreements with hyper-scale customers.”
Constellation Energy Corp - March 2026
“Lastly, within Utilities, our lone position in Constellation Energy Corporation (CEG) underperformed during the period on worries of increased supply within the PJM region (Pennsylvania-Jersey-Maryland) over time and continued delays in signing new power purchase agreements with hyper-scale customers.”
Constellation Energy Corp
Also mentioned · 4
These funds discuss Constellation Energy Corp — as a competitor, benchmark or comparable — without disclosing a position in it.
- MentionedGuinness Sustainable Energy FundJune 2026
“NextEra’s acquisition follows recent M&A in the sector including BlackRock and EQT’s $33.3bn take-private of power plant operator AES and Constellation’s $27bn takeover of rival Calpine.”
Constellation Energy Corp - June 2026
“NextEra’s acquisition follows recent M&A in the sector including BlackRock and EQT’s $33.3bn take-private of power plant operator AES and Constellation’s $27bn takeover of rival Calpine.”
Constellation Energy Corp - June 2026
“ Willis Towers Watson (WTW) was a detractor during the period after the reported organic revenue growth in the company’s risk and brokering vision fell short of investor expectations in the first quarter. The company is guiding to an acceleration in organic revenue for the second quarter and maintained its long-term guidance. Constellation Energy (CEG) underperformed during the quarter as continued regulatory uncertainty weighed on the prospects of signing power purchase agreements (PPAs) with large customers.”
Constellation Energy Corp - MentionedHennessy Energy Transition FundJune 2026
“Constellation Energy’s (CEG) acquisition of Calpine Corp. (private) will expand Constellations power generation asset footprint.”
Constellation Energy Corp
Fund coverage · 4 theses
- The Davenport FundsMarch 2026
Constellation Energy is a leading U.S. power generator with a dominant nuclear fleet, resilient earnings, and structural growth tailwinds from electricity demand.
Read the full thesis - Munro Climate Change Leaders FundDecember 2025
Constellation Energy operates a large carbon-free nuclear fleet poised to benefit from tight US power supply and rising AI-driven electricity demand supporting higher earnings.
Read the full thesis - Aristotle Core EquitySeptember 2025
Constellation Energy is a leading player in the U.S. energy sector, focused on producing carbon-free energy through a diverse portfolio, while benefiting from favorable legislation and strong financial performance.
Read the full thesis - Munro Climate Change Leaders FundJune 2025
Constellation Energy is an independent power producer with the largest nuclear fleet in the US, providing over 180TWh of carbon-free electricity annually, and recently signed a 20-year power purchase agreement with Meta to deliver 1.1GW of nuclear power starting in 2027.
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