Pentwater Capital Management LP: TXNM ENERGY INC (TXNM): Quarterly 13F Position History
As of Q2 2026, Pentwater Capital Management LP reported 6,487,500 shares of TXNM ENERGY INC (TXNM), worth $368.4M and representing 2.9% of its 13F equity book. Quarter-over-quarter share count change: + 3,687,500 (+131.7%) . The position first appeared in Q2 2025 and has been disclosed across 5 13F-HR filings in Pactolio's tracked window.
- 6,487,500Shares Held (Latest Filing)
- $368.4MReported Market Value (Latest Filing)
- 2.9%Portfolio Weight (% of 13F Equity Book)
- +3,687,500Quarter-over-Quarter Share Change
- +$204.7MQuarter-over-Quarter Value Change
- 6,487,500Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 5 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q2 2026 | 6,487,500 | +3,687,500 | +131.7% | $368.4M | 2.9% | $56.8 |
| Q1 2026 | 2,800,000 | +1,149,000 | +69.6% | $163.7M | 1.2% | $58.5 |
| Q4 2025 | 1,651,000 | +461,000 | +38.7% | $97.2M | 0.7% | $58.9 |
| Q3 2025 | 1,190,000 | +64,000 | +5.7% | $67.3M | 0.6% | $56.5 |
| Q2 2025 | 1,126,000 | – | – | $63.4M | 0.8% | $56.3 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares, a quarter-end mark rather than the manager's cost basis. See the full methodology document for the normalization rules.
When did Pentwater Capital Management LP first disclose a TXNM position in 13F-HR filings?
Pentwater Capital Management LP first reported TXNM ENERGY INC (TXNM) on its 13F-HR filing for the period ending 2025-06-30 (Q2 2025). The position has appeared on 5 reported quarters within Pactolio's tracked window.
What was Pentwater Capital Management LP's most recent quarter-over-quarter share-count change in TXNM?
Between Q1 2026 and Q2 2026, Pentwater Capital Management LP added 3,687,500 shares of TXNM (+131.7%), bringing the total reported position to 6,487,500 shares at a market value of $368.4M.
Does the implied price-per-share represent Pentwater Capital Management LP's cost basis in TXNM?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.