In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 8, 2024), Teilinger Capital Ltd. reported 13 stock positions worth $209.9 million . Its top holding was Sunnova Energy International (NOVAQ) at 15.8% of the portfolio, followed by Xcel Energy (XEL, 15.3% ) and PPL (PPL, 13.2% ). Compared with Q1 2024, it opened 5 new positions, sold out of 5, added to 4 and reduced 3. The biggest buy was a new position in Sempra (SRE) and the biggest sale iShares 3-7 Year Treasury Bo (IEI, shares −89% ).
Location HOUSTON, TX
CIK 0001531879
Portfolio Value $209.9M (Q2 2024) Holdings 13 stocks · $209.9M 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 2024 NOVAQ Sunnova Energy International 5,928,100 $33.1M No change XEL Xcel Energy Inc. 600,000 $32.0M Add +53.9% PPL PPL Corp. 1,000,000 $27.6M Reduce -0.9% EVRG Evergy Inc. 390,000 $20.7M Add +32.6% USMV iShares MSCI USA Min Vol Fac 241,000 $20.2M Reduce -49.8% SRE Sempra 230,000 $17.5M New MUB iShares National Muni Bond E 130,000 $13.9M New TLT iShares 20+ Year Treasury BD 130,000 $11.9M Add +271.4% WEC WEC Energy Group Inc. 125,000 $9.8M New LNG Cheniere Energy Inc. 45,000 $7.9M New EMB iShares JP Morgan Usd Emergi 75,000 $6.6M Add +574.2% AES AES Corp. 300,000 $5.3M New IEI iShares 3-7 Year Treasury Bo 29,000 $3.3M Reduce -89.2%
Options reported separately and not counted above: USMV puts ($8.2M), HYG calls ($7.7M), CRWD puts ($1.4M), CRWD calls ($1.0M), PYPL calls ($943K), PYPL puts ($145K), GME puts ($43K), GME calls ($8K).
Other holdings (1): bonds, preferreds, convertibles and warrants · $57K (not counted above) Security Class Shares / Principal Value Change NPWR.WS Rice Acquisition Corp. II-CW *W EXP 06/08/202 25,000 $57K No change
Total filed on the 13F, all lines: $209.9M.
Portfolio Sells Q1 2024 → Q2 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 Q1 2024 % Of Portfolio Change To Portfolio ▲ IEI iShares 3-7 Year Treasury Bo Reduce -89.2% 1.60% −11.77 NI Nisource Inc. Sold out 0.00% −9.32 ETR Entergy Corp. Sold out 0.00% −7.80 USMV iShares MSCI USA Min Vol Fac Reduce -49.8% 9.64% −7.58 NRG NRG Energy Inc. Sold out 0.00% −3.86 HYG Ishr Ibx Usd Hiyld CB ETF-Ui Sold out 0.00% −2.54 EEM iShares MSCI Emerging Market Sold out 0.00% −0.79 PPL PPL Corp. Reduce -0.9% 13.17% +1.25
Portfolio Buys Q1 2024 → Q2 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 Q1 2024 % Of Portfolio Change To Portfolio ▼ SRE Sempra New 8.34% +8.34 MUB iShares National Muni Bond E New 6.60% +6.60 XEL Xcel Energy Inc. Add +53.9% 15.27% +6.27 WEC WEC Energy Group Inc. New 4.67% +4.67 TLT iShares 20+ Year Treasury BD Add +271.4% 5.68% +4.26 LNG Cheniere Energy Inc. New 3.75% +3.75 EVRG Evergy Inc. Add +32.6% 9.84% +3.11 EMB iShares JP Morgan Usd Emergi Add +574.2% 3.16% +2.73 AES AES Corp. New 2.51% +2.51
Options Activity Q1 2024 → Q2 2024 Security Type Change vs Q1 2024 Underlying Shares Value ▼ HYG Ishr Ibx Usd Hiyld CB ETF-Ui put Sold out 400,000 $31.1Mbefore exit USMV iShares MSCI USA Min Vol Fac put Reduce -79.3% 98,200 $8.2M HYG Ishr Ibx Usd Hiyld CB ETF-Ui call New 100,000 $7.7M NVDA Nvidia Corp. call Sold out 27,890 $2.5Mbefore exit NVDA Nvidia Corp. put Sold out 25,000 $2.3Mbefore exit CRWD CrowdStrike Holdings Inc. Class A put New 3,748 $1.4M CRWD CrowdStrike Holdings Inc. Class A call New 2,643 $1.0M PYPL PayPal Holdings Inc. call Reduce -38.7% 16,250 $943K PYPL PayPal Holdings Inc. put Reduce -47.9% 2,500 $145K GME Gamestop Corp. Class A put New 1,756 $43K GME Gamestop Corp. Class A call New 325 $8K
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 5 $151.4M XEL, DTE, PCG, NRG, BABA Q1 2026 6 $155.2M XEL, DTE, PCG, BABA, PPL Q4 2025 5 $98.1M EVRG, DTE, XEL, PPL, BABA Q3 2025 6 $93.2M EVRG, ETR, XEL, NEE, PCG Q2 2025 4 $97.9M EVRG, XEL, PCG, ETR Q1 2025 6 $100.0M EVRG, XEL, PCG, NVDA, D Q4 2024 10 $131.2M EVRG, MSTR, XEL, PPL, PCG Q3 2024 7 $166.8M PPL, EVRG, CNP, XEL, PCG Q2 2024 13 $209.9M NOVAQ, XEL, PPL, EVRG, USMV Q1 2024 Amended 13 $233.0M USMV, NOVAQ, IEI, PPL, NI