Portfolio manager	Activity	Share change	% portfolio
Seth KlarmanTier 1 Baupost Group Aggressive Vistra add — AI data center demand thesis.	Add 25.00%	+1.20M	11.40%
Howard MarksTier 1 Oaktree Capital Adding to Vistra — power demand from AI.	Add 18.00%	+940K	12.80%
Stephen MandelTier 1 Lone Pine Capital	Add 11.00%	+513K	6.20%
Lee AinslieElite Maverick Capital	Add 7.00%	+70K	2.20%
David TepperTier 1 Appaloosa Management	Reduce 24.00%	-300K	2.20%
Stanley DruckenmillerTier 1 Duquesne Family Office	Sell (exit)	-234K	0.00%
Joel GreenblattElite Gotham Asset Management	Reduce 28.00%	-52K	0.00%
Polen CapitalElite Polen Capital Management	Sell (exit)	-3K	0.00%

Q3 2025(8 moves)

Portfolio manager	Activity	Share change	% portfolio
Seth KlarmanTier 1 Baupost Group AI data center thesis — big add.	Add 30.00%	+1.38M	9.60%
Howard MarksTier 1 Oaktree Capital Same data center thesis as Klarman.	Add 25.00%	+1.30M	11.20%
Stanley DruckenmillerTier 1 Duquesne Family Office	Buy (new)	+234K	1.10%
David TepperTier 1 Appaloosa Management	Reduce 31.00%	-555K	3.30%
Stephen MandelTier 1 Lone Pine Capital	Reduce 27.00%	-1.77M	6.70%
Joel GreenblattElite Gotham Asset Management	Reduce 16.00%	-35K	0.00%
Lee AinslieElite Maverick Capital	Reduce 25.00%	-315K	2.00%
Polen CapitalElite Polen Capital Management	Reduce 54.00%	-3K	0.00%

Q2 2025(7 moves)

Portfolio manager	Activity	Share change	% portfolio
Seth KlarmanTier 1 Baupost Group First of three consecutive quarters building Vistra.	Add 22.00%	+1.00M	7.20%
Howard MarksTier 1 Oaktree Capital Same Vistra thesis as Klarman — 3 Q build.	Add 18.00%	+850K	9.00%
Stephen MandelTier 1 Lone Pine Capital	Add 40.00%	+1.86M	8.90%
Lee AinslieElite Maverick Capital	Add 47.00%	+400K	3.20%
Polen CapitalElite Polen Capital Management	Buy (new)	+6K	0.00%
David TepperTier 1 Appaloosa Management	Reduce 22.00%	-500K	5.40%
Joel GreenblattElite Gotham Asset Management	Reduce 14.00%	-36K	0.00%

Q1 2025(8 moves)

Portfolio manager	Activity	Share change	% portfolio
Seth KlarmanTier 1 Baupost Group Klarman's first Vistra position — start of the 3 Q build.	Buy (new)	+4.20M	5.90%
Howard MarksTier 1 Oaktree Capital Howard Marks's first Vistra position — same quarter as Klarman.	Buy (new)	+3.60M	7.80%
Joel GreenblattElite Gotham Asset Management	Add 17.00%	+38K	0.00%
David TepperTier 1 Appaloosa Management	Reduce 15.00%	-400K	3.20%
Stanley DruckenmillerTier 1 Duquesne Family Office	Sell (exit)	-283K	0.00%
Stephen MandelTier 1 Lone Pine Capital	Reduce 14.00%	-748K	4.70%
Andreas HalvorsenElite Viking Global Investors	Sell (exit)	-602K	0.00%
Lee AinslieElite Maverick Capital	Reduce 15.00%	-150K	1.50%

Q4 2024(8 moves)

Portfolio manager	Activity	Share change	% portfolio
Seth KlarmanTier 1 Baupost Group Major Vistra add — start of the multi-quarter build.	Add 28.00%	+1.24M	5.00%
Howard MarksTier 1 Oaktree Capital Same Vistra thesis as Klarman — start of build.	Add 22.00%	+1.02M	6.50%
David TepperTier 1 Appaloosa Management	Add 113%	+1.43M	5.80%
Stanley DruckenmillerTier 1 Duquesne Family Office	Reduce 28.00%	-108K	1.00%
Stephen MandelTier 1 Lone Pine Capital	Reduce 21.00%	-1.45M	5.50%
Andreas HalvorsenElite Viking Global Investors	Reduce 67.00%	-1.24M	0.30%
Joel GreenblattElite Gotham Asset Management	Reduce 61.00%	-344K	0.00%
Lee AinslieElite Maverick Capital	Reduce 69.00%	-2.17M	1.90%

Q3 2024(7 moves)

Portfolio manager	Activity	Share change	% portfolio
Seth KlarmanTier 1 Baupost Group First Vistra position — start of multi-Q build.	Buy (new)	+4.40M	4.00%
Howard MarksTier 1 Oaktree Capital First Vistra — same quarter as Klarman.	Buy (new)	+3.80M	5.20%
David TepperTier 1 Appaloosa Management	Buy (new)	+1.27M	2.20%
Andreas HalvorsenElite Viking Global Investors	Buy (new)	+1.84M	0.80%
Stanley DruckenmillerTier 1 Duquesne Family Office	Reduce 85.00%	-2.23M	1.60%
Joel GreenblattElite Gotham Asset Management	Reduce 10.00%	-61K	0.10%
Lee AinslieElite Maverick Capital	Reduce 29.00%	-1.29M	5.10%

Q2 2024(3 moves)

Portfolio manager	Activity	Share change	% portfolio
Howard MarksTier 1 Oaktree Capital	Buy (new)	+200K	0.30%
Stephen MandelTier 1 Lone Pine Capital	Add 7.00%	+425K	4.80%
Joel GreenblattElite Gotham Asset Management	Reduce 51.00%	-653K	0.10%

Insider activity

SEC Form 4 filings — when CEOs, CFOs, and 10%+ owners buy or sell their own stock.

Latest news

Recent headlines for VST.

Hedge funds holding VST

2 superinvestors hold Vistra Corp as a top position. Sorted by % of portfolio.

Manager	% Portfolio
Howard Marks Independent power producer, AI data center demand.	11.2%
Seth Klarman Independent power producer + AI/data center thesis.	9.6%

Dividend tax by country

What will you keep of every $100 in VST dividend?

Your country of residenceCompany is domiciled inGross dividend (example)

Withholding rate

Domestic (no cross-border)

Tax withheld

$0.00

You'd receive

$1000.00

Of $1000 gross

Source & treaty reference

Treaty: Domestic — no cross-border withholding

Citation: IRC §§ 1441–1446 (withholding applies to foreign persons; US residents not subject to WHT on US-source dividends)

U.S. residents receiving U.S.-source dividends: no cross-border withholding; taxed on return at qualified (0/15/20%) or ordinary rates.

Estimates for educational purposes only. Tax rules change; consult a qualified tax professional for your specific situation. Dividend-tax treatment depends on holding period, account type (taxable vs. retirement), investor type (individual vs. pension vs. mutual fund), limitation-on-benefits tests, and other factors not modeled here.

Full dividend-tax rules for United States investors →

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Data sourced from SEC 13F filings. VST ownership reflects publicly disclosed long positions only. Not investment advice.