Signal dossier · Q4 2025

FE

FirstEnergy · Utilities

HoldLens verdict · single −100..+100 scale

SELL

−11

on a signed −100 sell scale · WEAK SELL

2 tracked managers selling. MODERATE sell signal.

Unified ConvictionScore · −100..+100

Smart money + insider + track record + trend + concentration + contrarian − dissent − crowding

−11

Buy component

Dissent penalty

−16

Unanimity bonus

Quality differential

-8

Info density

Buyers / Sellers

2 / 2

ConvictionScore v5 · 9-layer breakdown

13F superinvestor moves + Form 4 insider trades + 8-K material events. The SEC Signals trilogy.

−11

Smart money (13F)

Insider activity (Form 4)

Track record (CAGR)

-5

Trend streak

Concentration

Contrarian bonus

Event signal (8-K)

− Dissent penalty

−16

− Crowding penalty

−0

Owners: 1·Buyers: 8·Sellers: 10·Buyer-CAGR-weighted expected return: +9.8% ±3.4%·How this is computed

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Ownership breadth · 8 quarters

Breadth flat

-1 owners over 8Q

Q1 '24

Q2 '24

Q3 '24

Q4 '24

Q1 '25

Q2 '25

Q3 '25

Q4 '25

The number of superinvestors holding this name has been stable for 8 quarters. See the most-owned names across all tracked managers →

Smart money activity

Every tracked 13F move on FE — grouped by quarter, ranked by manager quality.

Smart money activity

8 buys · 10 sells across tracked 13F filings

Net signal: STRONG SELL

Q4 2025(4 moves)

Portfolio manager	Activity	Share change	% portfolio
Seth KlarmanTier 1 Baupost Group	Buy (new)	+2.20M	2.80%
Bill Nygren Oakmark Funds	Add 198%	+13.39M	1.70%
David TepperTier 1 Appaloosa Management	Sell (exit)	-925K	0.00%
François RochonTier 1 Giverny Capital	Sell (exit)	-651K	0.00%

Q3 2025(4 moves)

Portfolio manager	Activity	Share change	% portfolio
David TepperTier 1 Appaloosa Management	Buy (new)	+925K	1.60%
Joel GreenblattElite Gotham Asset Management	Add 296%	+1.17M	0.10%
Bill Nygren Oakmark Funds	Add 27.00%	+1.43M	1.40%
Seth KlarmanTier 1 Baupost Group	Sell (exit)	-895K	0.00%

Q2 2025(2 moves)

Portfolio manager	Activity	Share change	% portfolio
Seth KlarmanTier 1 Baupost Group	Buy (new)	+895K	3.70%
Bill Nygren Oakmark Funds	Reduce 6.00%	-320K	1.50%

Q1 2025(2 moves)

Portfolio manager	Activity	Share change	% portfolio
Joel GreenblattElite Gotham Asset Management	Add 7.00%	+24K	0.10%
Bill Nygren Oakmark Funds	Reduce 38.00%	-3.40M	2.10%

Q4 2024(3 moves)

Portfolio manager	Activity	Share change	% portfolio
François RochonTier 1 Giverny Capital	Add 26.00%	+129K	4.70%
Joel GreenblattElite Gotham Asset Management	Reduce 18.00%	-79K	0.10%
Bill Nygren Oakmark Funds	Reduce 34.00%	-4.64M	2.40%

Q3 2024(2 moves)

Portfolio manager	Activity	Share change	% portfolio
Joel GreenblattElite Gotham Asset Management	Reduce 14.00%	-70K	0.10%
Bill Nygren Oakmark Funds	Reduce 7.00%	-1.10M	3.20%

Q2 2024(1 move)

Portfolio manager	Activity	Share change	% portfolio
Joel GreenblattElite Gotham Asset Management	Reduce 33.00%	-250K	0.10%

Insider activity

What the company's own executives and directors are doing — buys are highly bullish.

Latest news

Recent headlines for FE — context for the moves above.

Who’s betting biggest on FE

Utilities sector →

Each bar is one manager’s position size in FE as a % of their portfolio. Longer bar = bigger conviction bet. T1 badge marks the highest-quality track records.

Carl Icahn

3.6%

“Utility activist position.”

AI thesis

An AI-synthesised investment thesis for FE, based on the 13F data above. Generated on demand — not stored or pre-computed.

AI thesis

Claude Haiku synthesis of SELL positioning from 1 institutional filers

Generate a 2-paragraph investment thesis synthesising 1 institutional holdings and the -11 conviction score.

Related smart-money signals

Derived from the same 13F filings

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All Utilities names →

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The HoldLens signal dossier shows the unified −100..+100 ConvictionScore alongside live prices, multi-quarter trend detection, insider activity, and real-time news. Not investment advice. Methodology.