Electron Capital Partners, LLC In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Electron Capital Partners, LLC reported 38 stock positions worth $1.7 billion . Its top holding was GE Vernova (GEV) at 10.3% of the portfolio, followed by Constellation Energy (CEG, 10.1% ) and Mastec (MTZ, 8.2% ). Compared with Q3 2024, it opened 7 new positions, sold out of 12, added to 15 and reduced 15. The biggest buy was a new position in United Airlines (UAL) and the biggest sale an exit from SS Industrial Select Sector (XLI).
Location NEW YORK, NY
CIK 0001586986
Portfolio Value $1.7B (Q4 2024) Holdings 38 stocks · $1.7B Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q3 2024 GEV GE Vernova Inc. 544,671 $179.2M Reduce -33.6% CEG Constellation Energy 782,155 $175.0M Reduce -11.6% MTZ Mastec Inc. 1,036,909 $141.2M Reduce -18.1% MMM 3M Co. 1,039,113 $134.1M Add +3.1% PWR Quanta Services Inc. 351,634 $111.1M Reduce -1.4% PCG P G & E Corp. 4,659,729 $94.0M Add +2.4% EIX Edison International 1,128,847 $90.1M Add +19.8% ETR Entergy Corp. 1,019,310 $77.3M Reduce -16.0% PPL PPL Corp. 2,336,630 $75.8M Reduce -15.7% XEL Xcel Energy Inc. 992,120 $67.0M Add +22.6% HRI Herc Holdings Inc. filed as HERC HLDGS INC 340,949 $64.6M Add +0.4% NEE Nextera Energy Inc. 875,530 $62.8M Reduce -3.0% ENVX Enovix Corp. 5,658,734 $61.5M Add +0.5% JCI Johnson Controls Internation 752,425 $59.4M Reduce -3.1% UAL United Airlines Holdings Inc. 555,075 $53.9M New CARR Carrier Global Corp. 736,019 $50.2M Add +31.3% BA The Boeing Co. 211,798 $37.5M New EMN Eastman Chemical Co. 306,286 $28.0M Reduce -3.0% EOSE Eos Energy Enterprises Inc. 5,722,916 $27.8M Reduce -28.1% APD Air Products & Chemicals Inc. 88,688 $25.7M New FLNC Fluence Energy Inc. 1,270,787 $20.2M Reduce -1.1% ARRY Array Technologies Inc. 2,586,904 $15.6M Add +36.9% SGML Sigma Lithium Corp. 1,240,701 $13.9M Reduce -12.7% TSLA Tesla Inc. 34,091 $13.8M New X United States Steel Corp. 363,714 $12.4M New NOVAQ Sunnova Energy International 3,447,218 $11.8M Add +1.0% ENPH Enphase Energy Inc. 102,600 $7.0M Reduce -79.1% OPAL Opal Fuels Inc. Class A 1,800,000 $6.1M No change CANG Cango Inc./KY - ADR 1,339,700 $5.9M New VRT Vertiv Holdings Co. Class A 21,175 $2.4M Reduce -91.2% EMR Emerson Electric Co. 14,892 $1.8M Add +3.5% ETN Eaton Corp. PLC 5,525 $1.8M Add +3.5% NXT Nextpower Inc. filed as NEXTRACKER INC 27,490 $1.0M Add +46.6% RUN Sunrun Inc. 74,058 $685K Add +30.0% SHLS Shoals Technologies Group -A 90,460 $500K Add +15.3% EH Ehang Holdings Ltd.-SPS ADR 26,866 $423K New FSLR First Solar Inc. 1,381 $243K Reduce -75.5% STEM Stem Inc. 131,077 $79K Add +3.5%
Options reported separately and not counted above: SPY puts ($190.5M).
Other holdings (2): bonds, preferreds, convertibles and warrants · $52K (not counted above) Security Class Shares / Principal Value Change SESCW Ivanhoe Capital Class A -CW27 *W EXP 12/10/202 239,752 $51K No change WBXWF Wallbox BV Class A -CW26 *W EXP 10/01/202 24,557 $768 No change
Total filed on the 13F, all lines: $1.7B.
Portfolio Sells Q3 2024 → Q4 2024 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q3 2024 % Of Portfolio Change To Portfolio ▲ XLI SS Industrial Select Sector Sold out 0.00% −5.53 SPY SS SPDR S&P 500 ETF Trust-US Sold out 0.00% −3.86 ENPH Enphase Energy Inc. Reduce -79.1% 0.41% −2.26 AES AES Corp. Sold out 0.00% −1.63 UBER Uber Technologies Inc. Sold out 0.00% −1.60 VRT Vertiv Holdings Co. Class A Reduce -91.2% 0.14% −1.02 CEG Constellation Energy Reduce -11.6% 10.10% −0.96 LI Li Auto Inc. - ADR Sold out 0.00% −0.77 APTV Aptiv Irish Holdings Ltd. Sold out 0.00% −0.70 BE Bloom Energy Corp. Class A Sold out 0.00% −0.64 FLNC Fluence Energy Inc. Reduce -1.1% 1.17% −0.24 AXIAY Axia Energia-ADR Sold out 0.00% −0.09 EMN Eastman Chemical Co. Reduce -3.0% 1.61% −0.09 FSLR First Solar Inc. Reduce -75.5% 0.01% −0.05 NVT Nvent Electric PLC Sold out 0.00% −0.05 NEE Nextera Energy Inc. Reduce -3.0% 3.62% −0.05 SGML Sigma Lithium Corp. Reduce -12.7% 0.80% −0.04 PPL PPL Corp. Reduce -15.7% 4.38% −0.03 XPEV Xpeng Inc. - ADR Sold out 0.00% −0.01 NIO Nio Inc. - ADR Sold out 0.00% −0.01 MAXNQ Maxeon Solar Technologie Sold out 0.00% −0.00 GEV GE Vernova Inc. Reduce -33.6% 10.34% +0.27 EOSE Eos Energy Enterprises Inc. Reduce -28.1% 1.61% +0.47 JCI Johnson Controls Internation Reduce -3.1% 3.43% +0.53 ETR Entergy Corp. Reduce -16.0% 4.46% +0.62 MTZ Mastec Inc. Reduce -18.1% 8.15% +0.65 PWR Quanta Services Inc. Reduce -1.4% 6.42% +1.30
Portfolio Buys Q3 2024 → Q4 2024 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q3 2024 % Of Portfolio Change To Portfolio ▼ UAL United Airlines Holdings Inc. New 3.11% +3.11 BA The Boeing Co. New 2.16% +2.16 APD Air Products & Chemicals Inc. New 1.49% +1.49 XEL Xcel Energy Inc. Add +22.6% 3.87% +1.32 EIX Edison International Add +19.8% 5.20% +1.26 HRI Herc Holdings Inc. Add +0.4% 3.73% +1.12 MMM 3M Co. Add +3.1% 7.75% +1.11 PCG P G & E Corp. Add +2.4% 5.43% +1.10 ENVX Enovix Corp. Add +0.5% 3.55% +1.02 TSLA Tesla Inc. New 0.79% +0.79 CARR Carrier Global Corp. Add +31.3% 2.90% +0.73 X United States Steel Corp. New 0.71% +0.71 CANG Cango Inc./KY - ADR New 0.34% +0.34 ARRY Array Technologies Inc. Add +36.9% 0.90% +0.30 EMR Emerson Electric Co. Add +3.5% 0.11% +0.03 EH Ehang Holdings Ltd.-SPS ADR New 0.02% +0.02 NXT Nextpower Inc. Add +46.6% 0.06% +0.02 ETN Eaton Corp. PLC Add +3.5% 0.11% +0.02 SHLS Shoals Technologies Group -A Add +15.3% 0.03% +0.01 STEM Stem Inc. Add +3.5% 0.00% +0.00 RUN Sunrun Inc. Add +30.0% 0.04% −0.01 NOVAQ Sunnova Energy International Add +1.0% 0.68% −0.92
Options Activity Q3 2024 → Q4 2024 Security Type Change vs Q3 2024 Underlying Shares Value ▼ SPY SS SPDR S&P 500 ETF Trust-US put New 325,000 $190.5M
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 45 $2.5B FLEX, MTZ, XEL, NEE, ETR Q1 2026 43 $2.1B MTZ, NEE, XEL, FE, ETR Q4 2025 Amended 39 $2.2B CEG, MTZ, XEL, NEE, JCI Q3 2025 36 $2.2B CEG, MTZ, NEE, ETR, XEL Q2 2025 35 $1.9B CEG, JCI, MMM, APD, MTZ Q1 2025 35 $1.4B MMM, CEG, XEL, EXC, APD Q4 2024 38 $1.7B GEV, CEG, MTZ, MMM, PWR Q3 2024 43 $2.1B CEG, GEV, MTZ, MMM, XLI Q2 2024 Amended 45 $1.9B CEG, MTZ, VRT, GEV, VST Q1 2024 44 $2.3B GE, CEG, VRT, MTZ, CRH