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%

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 →

Get alerts when they buy or sell VST

One email per 13F filing — you'll know within hours if any tracked manager moves on VST.

Related smart-money signals

Derived from the same 13F filings

Same sector · Utilities

Top conviction in this sector

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All Utilities names →

Frequently asked questions

Who owns VST?

2 tracked superinvestors hold Vistra Corp (VST) as a top position based on the latest SEC 13F filings. Largest tracked holder: Howard Marks at 11.2% of portfolio. Full ranking by % of portfolio shown in the table below.

How many hedge funds hold VST?

2 of HoldLens's tracked superinvestors hold VST according to the latest SEC 13F filings. The sum of conviction across those holders is 21% (sum of each manager's % of portfolio in VST).

Who is the biggest hedge-fund holder of VST?

Among HoldLens's tracked superinvestors, Howard Marks holds the largest VST position at 11.2% of portfolio. Independent power producer, AI data center demand.

What sector is VST?

Vistra Corp (VST) is classified as Utilities. Smart-money activity, insider trades (SEC Form 4), buybacks, short interest, congressional trades, and ETF ownership for VST are all aggregated on this page.

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