Txnm Energy Inc (TXNM) Smart Money Holdings (13F, Q2 2026)

TXNM ranks #1597 out of 37501 tracked stocks by institutional interest — one of the most closely watched names in our coverage.

TXNM is a disclosed holding of Stephen Schwarzman (Blackstone Group), one of the tracked superinvestors on AlphaSMO — it makes up 1.4% of that fund's own 13F portfolio.

TXNM is a top-conviction position for Sand Grove Capital Management LLP — at 7.5% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.

The largest dollar stake in TXNM belongs to BlackRock, Inc., but the position matters far more to Sand Grove Capital Management LLP, who has 7.5% of their own portfolio riding on it — a reminder that the biggest holder by size and the holder with the biggest bet aren't always the same fund.

Pentwater Capital Management LP has added to its TXNM position for two straight quarters, increasing it by $271.1M to reach $368.4M today.

Dimensional Fund Advisors LP has trimmed its TXNM position for two straight quarters, cutting it by $87.3M while still holding $2.6M.

TXNM is up 0.2% today, and institutions have been net buyers of $686.2M this quarter — today's price move and the underlying institutional flow are pointing the same direction.

TXNM posted net income of $165.0M over the trailing twelve months.

• Profitable — net income of $165.0M over the trailing twelve months
• Revenue grew 6.7% year over year
• Net income declined year over year, from $221.2M to $165.0M
• Generated $584.5M in positive operating cash flow
• Current ratio of 0.55x — below the conventional 1.5x liquidity buffer
• Liabilities run 2.53x equity — a highly leveraged balance sheet worth noting