TLNNasdaqElectric ServicesFiscal year ends December 31
Talen Energy Corp
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026
$351.22−3.59 (-1.01%)
Close on Oct 19, 2026
- Market cap
- $16.12B
- P/E (TTM)
- –
- Dividend yield
- –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
100.0%
49M of 48M shares
Institutional holders
644
144 new, 73 sold out
Net institutional buying
3M
In Q2 2026
Insider trades, 12 months
0 buys · 1 sales
Net sold $988.00K
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Rubric Capital Management LP | 6,123,500 | 13.32% | 13G (passive) amendment | Dec 31, 2024 |
| BlackRock, Inc. | 3,913,898 | 8.60% | 13G (passive) | Sep 30, 2025 |
| David Rosen | 3,602,171 | 7.88% | 13G (passive) amendment | Sep 30, 2025 |
| MFN Partners, LP (voluntary) | 3,000,000 | 5.90% | 13G (passive) | Jul 25, 2024 |
| Ecp V, LLC | 2,399,998 | 5.01% | 13G (passive) | Jun 15, 2026 |
| Vanguard Capital Management | 2,383,547 | 5.25% | 13G (passive) | Mar 31, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of TLN | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 4,355,914 | 9.09% | $1.67B | +265,417 | 0.02% |
| Rubric Capital Management LP | 3,602,171 | 7.52% | $1.38B | – | 12.70% |
| MFN Partners Management, LP | 3,000,000 | 6.26% | $1.15B | – | 23.85% |
| ECP ControlCo, LLC | 2,399,998 | 5.01% | $922.22M | New | 19.75% |
| Vanguard Portfolio Management LLC | 2,166,978 | 4.52% | $832.68M | +70,779 | 0.04% |
| Vanguard Capital Management LLC | 2,053,489 | 4.29% | $789.07M | +7,124 | 0.02% |
| Fred Alger Management, LLC | 1,546,473 | 3.23% | $594.25M | +360,520 | 1.98% |
| Reaves W H & Co Inc | 1,476,664 | 3.08% | $567.42M | −34,033 | 8.61% |
| State Street Corp | 1,379,899 | 2.88% | $530.24M | +36,884 | 0.02% |
| Sachem Head Capital Management LP | 1,370,000 | 2.86% | $526.44M | −177,500 | 10.92% |
| Geode Capital Management, LLC | 953,572 | 1.99% | $366.53M | +43,662 | 0.02% |
| Assenagon Asset Management S.A. | 869,456 | 1.81% | $334.10M | +716,019 | 0.21% |
| Carronade Capital Management, LP | 795,514 | 1.66% | $305.68M | +151,030 | 5.29% |
| Millennium Management LLC | 781,457 | 1.63% | $300.28M | −5,704 | 0.11% |
| Capital World Investors | 757,999 | 1.58% | $291.27M | −17,000 | 0.03% |
| Invesco Ltd. | 588,573 | 1.23% | $226.17M | −374,999 | 0.02% |
| Attestor Capital Ltd | 587,470 | 1.23% | $225.74M | +107,534 | 64.48% |
| Norges Bank | 579,885 | 1.21% | $222.83M | New | 0.02% |
| Two Seas Capital LP | 507,208 | 1.06% | $194.90M | −71,921 | 3.86% |
| William Blair Investment Management, LLC | 497,660 | 1.04% | $191.23M | −27,554 | 0.58% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 644 | 49M | 100.0% | 144 / 240 | 191 / 73 | 8M | 5M |
| Q1 2026 | 579 | 46M | 95.4% | 98 / 237 | 172 / 102 | 10M | 6M |
| Q4 2025 | 592 | 46M | 96.4% | 130 / 224 | 187 / 85 | 7M | 8M |
| Q3 2025 | 554 | 47M | 98.8% | 147 / 195 | 164 / 46 | 10M | 9M |
| Q2 2025 | 459 | 46M | 95.5% | 134 / 144 | 142 / 55 | 9M | 8M |
| Q1 2025 | 384 | 45M | 94.2% | 120 / 138 | 95 / 52 | 9M | 9M |
| Q4 2024 | 319 | 45M | 94.2% | 132 / 78 | 84 / 47 | 8M | 14M |
| Q3 2024 | 234 | 51M | 100.0% | 225 / 2 | 5 / 2 | 49M | 0M |
| Q2 2024 | 11 | 2M | 4.8% | 6 / 2 | 3 / 2 | 1M | 0M |
| Q1 2024 | 7 | 1M | 2.9% | 4 / 2 | 0 / 1 | 1M | 0M |
| Q4 2023 | 4 | 0M | 0.5% | 1 / 1 | 1 / 0 | 0M | 0M |
| Q3 2023 | 3 | 0M | 0.0% | 1 / 0 | 1 / 0 | 0M | 0M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of TLN | Value | % of fund | As of |
|---|---|---|---|---|---|
| iShares Core S&P Mid-Cap ETF | 1,553,521 | 3.24% | $596.96M | 0.48% | Jun 30, 2026 |
| Vanguard Total Stock Market Index Fund | 1,441,437 | 3.01% | $553.89M | 0.02% | Jun 30, 2026 |
| Vanguard Small-Cap Index Fund | 1,040,563 | 2.17% | $399.85M | 0.21% | Jun 30, 2026 |
| Vanguard Small-Cap Growth Index Fund | 600,497 | 1.25% | $230.75M | 0.49% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 520,659 | 1.09% | $200.07M | 0.20% | Jun 30, 2026 |
| American High Income Trust | 444,535 | 0.93% | $170.82M | 0.60% | Jun 30, 2026 |
| Alger Focus Equity Fund | 436,044 | 0.91% | $145.68M | 2.05% | Jul 31, 2026 |
| Virtus Reaves Utilities ETF | 421,752 | 0.88% | $140.91M | 10.72% | Jul 31, 2026 |
| AMG Yacktman Fund | 350,000 | 0.73% | $134.49M | 1.85% | Jun 30, 2026 |
| SMALLCAP World Fund Inc | 340,741 | 0.71% | $130.93M | 0.14% | Jun 30, 2026 |
| iShares S&P Mid-Cap 400 Growth ETF | 271,574 | 0.57% | $104.36M | 0.92% | Jun 30, 2026 |
| Vanguard Utilities Index Fund | 270,315 | 0.56% | $104.56M | 0.99% | May 31, 2026 |
| Alger Spectra Fund | 249,882 | 0.52% | $83.49M | 1.94% | Jul 31, 2026 |
| Invesco S&P MidCap Momentum ETF | 242,501 | 0.51% | $81.02M | 1.13% | Jul 31, 2026 |
| Fidelity Extended Market Index Fund | 235,932 | 0.49% | $91.26M | 0.21% | May 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Mark Allen McFarland | Chief Executive Officer, Director | 260,452 | 0.54% | Jun 8, 2026 |
| Terry L. Nutt | President | 76,136 | 0.16% | Jul 15, 2026 |
| Daniel Jude Kelly | Gen. Counsel & Corp. Secretary | – | – | May 28, 2026 |
| Darren J. Olagues | Chief Development Officer | 4,601 | 0.01% | May 27, 2026 |
| Anthony J. Plagens | SVP & Chief Accounting Officer | 9,105 | 0.02% | May 27, 2026 |
| Brad Berryman | Chief Operating Officer | 67,729 | 0.14% | May 27, 2026 |
| Christopher E. Morice | Chief Commercial Officer | 49,174 | 0.10% | May 27, 2026 |
| Andrew M. Wright | Chief Administrative Officer | 107,794 | 0.22% | May 27, 2026 |
| Edward T. Casulli | SVP & Chief Nuclear Officer | 9,979 | 0.02% | May 27, 2026 |
| Cole Muller | Chief Financial Officer | 42,968 | 0.09% | May 27, 2026 |
| Dale E. Lebsack Jr. | Chief Asset Dev. Officer | 96,619 | 0.20% | May 27, 2026 |
| John C. Wander | Gen. Counsel & Corp. Secretary | 12,602 | 0.03% | Jun 30, 2025 |
| Gizman I. Abbas | Director | 2,606 | 0.01% | Jun 17, 2026 |
| Karen T. Hyde | Director | 6,736 | 0.01% | May 27, 2026 |
| Anthony R. Horton | Director | 9,265 | 0.02% | May 27, 2026 |
| Christine Benson Schwartzstein | Director | 6,736 | 0.01% | May 27, 2026 |
| Joseph Nigro | Director | 5,206 | 0.01% | May 27, 2026 |
| Stephen Schaefer | Director | 19,825 | 0.04% | May 27, 2026 |
| Capital Management LP Rubric | 10% owner | 4,505,302 | 9.40% | Jun 27, 2025 |
| David Efraim Rosen | 10% owner | 6,123,500 | 12.78% | Jun 27, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Terry L. Nutt President | Jul 15, 2026 | Option exercise | +8,312 | – | – | 76,136 |
| Terry L. Nutt President | Jul 15, 2026 | Tax withholding | −3,271 | $385.80 | $1.26M | 72,865 |
| Gizman I. Abbas Director | Jun 15, 2026 | Sale | −2,600 | $380.00 | $988.00K | 2,606 |
| Mark Allen McFarland Chief Executive Officer, Director | Jun 8, 2026 | Other | +260,335 | – | – | 260,335 |
| Mark Allen McFarland Chief Executive Officer, Director | Jun 8, 2026 | Other | −260,335 | – | – | 117 |
| Christopher E. Morice Chief Commercial Officer | May 22, 2026 | Tax withholding | −26,378 | $324.21 | $8.55M | 49,174 |
| Christopher E. Morice Chief Commercial Officer | May 22, 2026 | Option exercise | +5,620 | – | – | 14,141 |
| Christopher E. Morice Chief Commercial Officer | May 22, 2026 | Option exercise | +61,411 | – | – | 75,552 |
| Edward T. Casulli SVP & Chief Nuclear Officer | May 22, 2026 | Option exercise | +3,826 | – | – | 9,979 |
| Edward T. Casulli SVP & Chief Nuclear Officer | May 22, 2026 | Option exercise | +2,550 | – | – | 6,153 |
| Edward T. Casulli SVP & Chief Nuclear Officer | May 22, 2026 | Tax withholding | −2,774 | $324.21 | $899.36K | 7,205 |
| Andrew M. Wright Chief Administrative Officer | May 22, 2026 | Option exercise | +87,523 | – | – | 107,794 |
| Andrew M. Wright Chief Administrative Officer | May 22, 2026 | Option exercise | +8,010 | – | – | 20,271 |
| Andrew M. Wright Chief Administrative Officer | May 22, 2026 | Tax withholding | −37,594 | $324.21 | $12.19M | 70,200 |
| Cole Muller Chief Financial Officer | May 22, 2026 | Tax withholding | −27,339 | $324.21 | $8.86M | 42,968 |
| Cole Muller Chief Financial Officer | May 22, 2026 | Option exercise | +5,270 | – | – | 12,715 |
| Cole Muller Chief Financial Officer | May 22, 2026 | Option exercise | +57,592 | – | – | 70,307 |
| Anthony J. Plagens SVP & Chief Accounting Officer | May 22, 2026 | Option exercise | +3,401 | – | – | 9,105 |
| Anthony J. Plagens SVP & Chief Accounting Officer | May 22, 2026 | Option exercise | +2,267 | – | – | 5,704 |
| Anthony J. Plagens SVP & Chief Accounting Officer | May 22, 2026 | Tax withholding | −2,231 | $324.21 | $723.31K | 6,874 |
| Terry L. Nutt President | May 22, 2026 | Tax withholding | −35,741 | $324.21 | $11.59M | 67,761 |
| Terry L. Nutt President | May 22, 2026 | Option exercise | +90,826 | – | – | 103,502 |
| Stephen Schaefer Director | May 22, 2026 | Returned to company | −6,789 | $324.21 | $2.20M | 19,825 |
| Stephen Schaefer Director | May 22, 2026 | Option exercise | +18,349 | – | – | 26,614 |
| Stephen Schaefer Director | May 22, 2026 | Option exercise | +4,133 | – | – | 8,265 |
| Brad Berryman Chief Operating Officer | May 22, 2026 | Tax withholding | −43,047 | $324.21 | $13.96M | 67,729 |
| Brad Berryman Chief Operating Officer | May 22, 2026 | Option exercise | +8,312 | – | – | 19,950 |
| Brad Berryman Chief Operating Officer | May 22, 2026 | Option exercise | +90,826 | – | – | 110,776 |
| Darren J. Olagues Chief Development Officer | May 22, 2026 | Tax withholding | −2,911 | $324.21 | $943.78K | 4,601 |
| Darren J. Olagues Chief Development Officer | May 22, 2026 | Option exercise | +7,395 | – | – | 7,512 |
| Joseph Nigro Director | May 22, 2026 | Returned to company | −1,530 | $324.21 | $496.04K | 5,206 |
| Joseph Nigro Director | May 22, 2026 | Option exercise | +4,133 | – | – | 6,736 |
| Mark Allen McFarland Chief Executive Officer, Director | May 22, 2026 | Tax withholding | −139,641 | $324.21 | $45.27M | 260,452 |
| Mark Allen McFarland Chief Executive Officer, Director | May 22, 2026 | Option exercise | +29,752 | – | – | 74,980 |
| Mark Allen McFarland Chief Executive Officer, Director | May 22, 2026 | Option exercise | +325,113 | – | – | 400,093 |
| Anthony R. Horton Director | May 22, 2026 | Option exercise | +4,133 | – | – | 9,265 |
| Christine Benson Schwartzstein Director | May 22, 2026 | Option exercise | +4,133 | – | – | 6,736 |
| Dale E. Lebsack Jr. Chief Asset Dev. Officer | May 22, 2026 | Option exercise | +78,440 | – | – | 96,619 |
| Dale E. Lebsack Jr. Chief Asset Dev. Officer | May 22, 2026 | Option exercise | +7,178 | – | – | 18,179 |
| Dale E. Lebsack Jr. Chief Asset Dev. Officer | May 22, 2026 | Tax withholding | −33,692 | $324.21 | $10.92M | 62,927 |
| Gizman I. Abbas Director | May 22, 2026 | Returned to company | −1,530 | $324.21 | $496.04K | 5,206 |
| Gizman I. Abbas Director | May 22, 2026 | Option exercise | +4,133 | – | – | 6,736 |
| Karen T. Hyde Director | May 22, 2026 | Option exercise | +4,133 | – | – | 6,736 |
| Karen T. Hyde Director | May 22, 2026 | Returned to company | −1,530 | $324.21 | $496.04K | 5,206 |
| Terry L. Nutt CFO | Jul 18, 2025 | Option exercise | +20,779 | – | – | 20,779 |
| Terry L. Nutt CFO | Jul 18, 2025 | Tax withholding | −8,177 | $267.62 | $2.19M | 12,602 |
| John C. Wander Gen. Counsel & Corp. Secretary | Jun 27, 2025 | Tax withholding | −8,177 | $288.66 | $2.36M | 12,602 |
| John C. Wander Gen. Counsel & Corp. Secretary | Jun 27, 2025 | Option exercise | +20,779 | – | – | 20,779 |
| Capital Management LP Rubric 10% owner | Jun 27, 2025 | Other | −1,281,839 | – | – | 4,453,131 |
| Capital Management LP Rubric 10% owner | Jun 27, 2025 | Sale | −1,137 | $298.14 | $338.99K | 5,734,970 |
| Capital Management LP Rubric 10% owner | Jun 27, 2025 | Sale | −25,903 | $297.70 | $7.71M | 5,736,107 |
| Capital Management LP Rubric 10% owner | Jun 27, 2025 | Sale | −76,545 | $296.38 | $22.69M | 5,762,010 |
| Capital Management LP Rubric 10% owner | Jun 27, 2025 | Sale | −51,810 | $295.62 | $15.32M | 5,838,555 |
| Capital Management LP Rubric 10% owner | Jun 27, 2025 | Sale | −12,290 | $294.65 | $3.62M | 5,890,365 |
| Capital Management LP Rubric 10% owner | Jun 27, 2025 | Sale | −2,365 | $293.34 | $693.75K | 5,902,655 |
| Capital Management LP Rubric 10% owner | Jun 27, 2025 | Sale | −7,950 | $292.82 | $2.33M | 5,905,020 |
| Capital Management LP Rubric 10% owner | Jun 26, 2025 | Sale | −100 | $294.00 | $29.40K | 5,912,970 |
| Capital Management LP Rubric 10% owner | Jun 26, 2025 | Sale | −32,924 | $293.34 | $9.66M | 5,913,070 |
| Capital Management LP Rubric 10% owner | Jun 26, 2025 | Sale | −33,121 | $292.19 | $9.68M | 5,945,994 |
| Capital Management LP Rubric 10% owner | Jun 26, 2025 | Sale | −15,824 | $291.08 | $4.61M | 5,979,115 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Living Trust Jbw-Jcw Former affiliate | Jun 15, 2026 | 55,000 | $20.93M | Jun 15, 2026 | Performance Stock Units |
| Gizman I. Abbas Director | Jun 15, 2026 | 2,600 | $988.00K | Jun 15, 2026 | Restricted Stock Vesting |