Teilinger Capital Ltd.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Teilinger Capital Ltd. reported 5 stock positions worth $98.1 million. Its top holding was Evergy (EVRG) at 31.8% of the portfolio, followed by DTE Energy (DTE, 31.6%) and Xcel Energy (XEL, 26.7%). Compared with Q3 2025, it opened 2 new positions, sold out of 3, added to 2 and reduced 1. The biggest buy was a new position in DTE Energy (DTE) and the biggest sale an exit from Entergy (ETR).
- Most Recent 13F
- Q2 2026
- Location
- HOUSTON, TX
- CIK
- 0001531879
- Portfolio Value
- $98.1M (Q4 2025)
- SEC Filing
- 0001546531-26-000002 ↗ filed Feb 13, 2026
Holdings Value
Holdings 5 stocks · $98.1M
| EVRG Evergy Inc. | 31.78% | 430,000 | $31.2M | Reduce -25.9% |
| DTE DTE Energy Company | 31.56% | 240,000 | $31.0M | New |
| XEL Xcel Energy Inc. | 26.74% | 355,000 | $26.2M | Add +73.2% |
| PPL PPL Corp. | 7.68% | 215,000 | $7.5M | Add +87.0% |
| BABA Alibaba Group Holding-SP ADR | 2.24% | 15,000 | $2.2M | New |
Options reported separately and not counted above: TSLA puts ($1.0B), TSLA calls ($310.3M), MU puts ($200.2M), BABA puts ($151.4M), BABA calls ($75.7M), MU calls ($48.5M).
Other holdings (1): bonds, preferreds, convertibles and warrants · $13K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| NPWR.WS Rice Acquisition Corp. II-CW | *W EXP 06/08/202 | 25,000 | $13K | No change |
Total filed on the 13F, all lines: $98.1M.
Portfolio Sells Q3 2025 → Q4 2025
Portfolio Buys Q3 2025 → Q4 2025
Options Activity Q3 2025 → Q4 2025
| TSLA Tesla Inc. | put | New | 2,320,000 | $1.0B |
| TSLA Tesla Inc. | call | New | 690,000 | $310.3M |
| MU Micron Technology Inc. | put | New | 701,600 | $200.2M |
| BABA Alibaba Group Holding-SP ADR | put | Add +8098.4% | 1,033,000 | $151.4M |
| BABA Alibaba Group Holding-SP ADR | call | Add +368.9% | 516,200 | $75.7M |
| MU Micron Technology Inc. | call | New | 170,000 | $48.5M |
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 | 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 2024Amended | 13 | $233.0M | USMV, NOVAQ, IEI, PPL, NI |