Electron Capital Partners, LLC In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Electron Capital Partners, LLC reported 35 stock positions worth $1.9 billion . Its top holding was Constellation Energy (CEG) at 10.6% of the portfolio, followed by Johnson Controls Internation (JCI, 7.6% ) and 3M (MMM, 7.1% ). Compared with Q1 2025, it opened 6 new positions, sold out of 6, added to 14 and reduced 14. The biggest buy was Boeing (BA, shares +594% ) and the biggest sale an exit from iShares 20+ Year Treasury BD (TLT).
Location NEW YORK, NY
CIK 0001586986
Portfolio Value $1.9B (Q2 2025) Holdings 35 stocks · $1.9B 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 Q1 2025 CEG Constellation Energy 612,409 $197.7M Reduce -11.8% JCI Johnson Controls Internation 1,353,241 $142.9M Add +73.3% MMM 3M Co. 875,888 $133.3M Reduce -10.2% APD Air Products & Chemicals Inc. 469,679 $132.5M Add +50.7% MTZ Mastec Inc. 747,333 $127.4M Add +2.0% XEL Xcel Energy Inc. 1,728,063 $117.7M Reduce -10.1% NEE Nextera Energy Inc. 1,622,818 $112.7M Add +81.4% GEV GE Vernova Inc. 191,267 $101.2M Reduce -27.0% PWR Quanta Services Inc. 231,363 $87.5M Reduce -7.4% ENVX Enovix Corp. 7,066,293 $73.1M Add +5.3% PPL PPL Corp. 2,141,754 $72.6M Add +107.2% BA The Boeing Co. 342,823 $71.8M Add +594.4% EXC Exelon Corp. 1,567,565 $68.1M Reduce -38.4% ZBRA Zebra Technologies Corp. Class A 196,298 $60.5M New ULS Ul Solutions Inc. Class A 625,281 $45.6M New CGNX Cognex Corp. 1,337,608 $42.4M Add +286.6% ETR Entergy Corp. 489,476 $40.7M Reduce -23.2% EOSE Eos Energy Enterprises Inc. 6,979,422 $35.7M Add +39.9% EIX Edison International 644,573 $33.3M Add +48.3% NRG NRG Energy Inc. 188,016 $30.2M New CE Celanese Corp. 525,240 $29.1M New PCG P G & E Corp. 1,918,031 $26.7M Reduce -8.7% ARRY Array Technologies Inc. 3,753,862 $22.1M Add +0.1% SEDG Solaredge Technologies Inc. 833,764 $17.0M New HTZ Hertz Global Hldgs Inc. 1,804,433 $12.3M New SHLS Shoals Technologies Group -A 1,976,633 $8.4M Add +1716.1% CANG Cango Inc./KY - ADR 1,345,741 $6.5M Add +0.5% SGML Sigma Lithium Corp. 1,067,947 $4.8M Add +0.4% OPAL Opal Fuels Inc. Class A 1,800,000 $4.4M No change VRT Vertiv Holdings Co. Class A 28,320 $3.6M Reduce -0.2% GDS GDS Holdings Ltd. - ADR filed as GDS HLDGS LTD 69,444 $2.1M Reduce -0.2% HRI Herc Holdings Inc. filed as HERC HLDGS INC 12,028 $1.6M Reduce -0.2% NXT Nextpower Inc. filed as NEXTRACKER INC 26,747 $1.5M Reduce -0.2% HSAI Hesai Group 63,767 $1.4M Reduce -0.2% EH Ehang Holdings Ltd.-SPS ADR 35,919 $624K Reduce -0.2%
Other holdings (1): bonds, preferreds, convertibles and warrants · $26K (not counted above) Security Class Shares / Principal Value Change SESCW Ivanhoe Capital Class A -CW27 *W EXP 12/10/202 239,752 $26K No change
Total filed on the 13F, all lines: $1.9B.
Portfolio Sells Q1 2025 → Q2 2025 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 Q1 2025 % Of Portfolio Change To Portfolio ▲ TLT iShares 20+ Year Treasury BD Sold out 0.00% −5.59 EXC Exelon Corp. Reduce -38.4% 3.64% −4.76 XEL Xcel Energy Inc. Reduce -10.1% 6.30% −3.45 MMM 3M Co. Reduce -10.2% 7.13% −3.12 LI Li Auto Inc. - ADR Sold out 0.00% −1.77 ETR Entergy Corp. Reduce -23.2% 2.18% −1.72 GM General Motors Co. Sold out 0.00% −1.45 PCG P G & E Corp. Reduce -8.7% 1.43% −1.15 GEV GE Vernova Inc. Reduce -27.0% 5.42% −0.31 FLNC Fluence Energy Inc. Sold out 0.00% −0.20 HRI Herc Holdings Inc. Reduce -0.2% 0.08% −0.03 RUN Sunrun Inc. Sold out 0.00% −0.03 EH Ehang Holdings Ltd.-SPS ADR Reduce -0.2% 0.03% −0.02 GDS GDS Holdings Ltd. - ADR Reduce -0.2% 0.11% −0.01 STEM Stem Inc. Sold out 0.00% −0.00 NXT Nextpower Inc. Reduce -0.2% 0.08% −0.00 HSAI Hesai Group Reduce -0.2% 0.07% +0.01 VRT Vertiv Holdings Co. Class A Reduce -0.2% 0.19% +0.05 PWR Quanta Services Inc. Reduce -7.4% 4.68% +0.13 CEG Constellation Energy Reduce -11.8% 10.58% +0.55
Portfolio Buys Q1 2025 → Q2 2025 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 Q1 2025 % Of Portfolio Change To Portfolio ▼ BA The Boeing Co. Add +594.4% 3.84% +3.24 ZBRA Zebra Technologies Corp. Class A New 3.24% +3.24 JCI Johnson Controls Internation Add +73.3% 7.65% +3.17 ULS Ul Solutions Inc. Class A New 2.44% +2.44 NRG NRG Energy Inc. New 1.62% +1.62 CE Celanese Corp. New 1.55% +1.55 CGNX Cognex Corp. Add +286.6% 2.27% +1.53 NEE Nextera Energy Inc. Add +81.4% 6.03% +1.48 PPL PPL Corp. Add +107.2% 3.88% +1.21 SEDG Solaredge Technologies Inc. New 0.91% +0.91 MTZ Mastec Inc. Add +2.0% 6.82% +0.69 HTZ Hertz Global Hldgs Inc. New 0.66% +0.66 EOSE Eos Energy Enterprises Inc. Add +39.9% 1.91% +0.56 APD Air Products & Chemicals Inc. Add +50.7% 7.09% +0.51 SHLS Shoals Technologies Group -A Add +1716.1% 0.45% +0.42 ENVX Enovix Corp. Add +5.3% 3.91% +0.38 CANG Cango Inc./KY - ADR Add +0.5% 0.35% −0.01 EIX Edison International Add +48.3% 1.78% −0.05 ARRY Array Technologies Inc. Add +0.1% 1.19% −0.12 SGML Sigma Lithium Corp. Add +0.4% 0.26% −0.54
Options Activity Q1 2025 → Q2 2025 Security Type Change vs Q1 2025 Underlying Shares Value ▼ SPY SS SPDR S&P 500 ETF Trust-US put Sold out 229,000 $128.1Mbefore exit
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2025 → Q2 2025 Security Class Change vs Q1 2025 Shares / Principal Value ▼ WBXWF Wallbox BV Class A -CW26 *W EXP 10/01/202 Sold out 24,557 $822before exit
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages 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