$3 Billion Hedge Fund’s Top 10 Stock Bets

4. NextEra Energy, Inc. (NYSE:NEE)

Return since Q1 End: 17%

NextEra Energy, Inc. (NYSE:NEE) is one of the largest producers of electricity and operates through its subsidiaries, Florida Power & Light Company and NextEra Energy Resources to produce over 58GW. NextEra Energy, Inc. (NYSE:NEE) is incorporated and headquartered in Juno Beach, Florida. NextEra Energy generates electricity from nuclear power units in Florida, New Hampshire, Iowa, and Wisconsin. As of June 11, NextEra Energy, Inc. (NYSE:NEE) is valued at $158.14 billion.

Earlier this year, NextEra Energy, Inc. (NYSE:NEE) CEO John Ketchum, while talking about power demand boost due to AI at CERAWeek by S&P Global conference, said:

“What you have today is electric demand that has been relatively flat for years now all of the sudden looking at an 81% increase.”

According to the Regulatory filings, Cinctive Capital Management owned 583,370 shares in NextEra Energy Inc (NYSE:NEE) at the end of the first quarter of 2024 worth over $37 million, representing 1.73% of the portfolio. Based on the hedge funds database being tracked by Insider Monkey, Zimmer Partners is a leading shareholder in NextEra Energy Inc (NYSE:NEE)with over 2 million shares worth $174 million.