TXNM Energy, Inc.
MX ˙ BMV ˙ US69349H1077
SecurityMX:TXNM / TXNM Energy, Inc.
InstitutionMorgan Stanley
Latest Disclosed Ownership1,478,197 shares
Latest Disclosed Value $ 86,415,498
Morgan Stanley reports 103.32% increase in ownership of TXNM / TXNM Energy, Inc.

On May 15, 2026 - Morgan Stanley filed a 13F-HR form disclosing ownership of 1,478,197 shares of TXNM Energy, Inc. (MX:TXNM) valued at $86,415,498 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on May 27, 2026 disclosing 727,022 shares of TXNM Energy, Inc.. This represents a change in shares of 103.32% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F TXNM ENERGY COM 69349H107 1,478,197 751,175 103.32 86,415 101.87 0.0052
2026-05-27 2025-12-31 13F/A-1 TXNM ENERGY COM 69349H107 727,022 15,593 2.19 42,807 6.40 0.0026
2026-02-13 2025-12-31 13F TXNM ENERGY COM 69349H107 727,022 15,593 42,807 0.0026
2026-05-27 2025-09-30 13F/A-1 TXNM ENERGY COM 69349H107 711,429 -66,409 -8.54 40,231 -8.16 0.0024
2025-11-14 2025-09-30 13F TXNM ENERGY COM 69349H107 711,429 -66,409 40,231 0.0024
2025-08-15 2025-06-30 13F TXNM ENERGY COM 69349H107 777,838 47,669 6.53 43,808 12.18 0.0029
2025-05-15 2025-03-31 13F TXNM ENERGY COM 69349H107 730,169 12,376 1.72 39,050 10.64 0.0028
2025-05-15 2024-12-31 13F/A-1 TXNM ENERGY COM 69349H107 717,793 -125,250 -14.86 35,294 -4.36 0.0025
2025-02-14 2024-12-31 13F TXNM ENERGY COM 69349H107 717,793 -125,250 35,294 0.0025
2025-05-14 2024-09-30 13F/A-2 TXNM ENERGY COM 69349H107 843,043 49,847 6.28 36,900 25.87 0.0027
2025-02-14 2024-09-30 13F/A-1 TXNM ENERGY COM 69349H107 843,043 49,847 36,900 0.0027
2024-11-14 2024-09-30 13F TXNM ENERGY COM 69349H107 843,043 49,847 36,900 0.0003
2025-05-14 2024-06-30 13F/A-2 PNM RES COM 69349H107 793,196 71,835 9.96 29,317 7.97 0.0023
2024-10-17 2024-06-30 13F/A-1 PNM RES COM 69349H107 793,196 71,835 29,317 0.0023
2024-08-14 2024-06-30 13F PNM RES COM 69349H107 793,196 71,835 29,317 0.0023
2024-10-17 2024-03-31 13F/A-2 PNM RES COM 69349H107 721,361 -2,103,263 -74.46 27,152 -76.89 0.0022
2024-08-16 2024-03-31 13F/A-1 PNM RES COM 69349H107 721,361 -2,103,263 27,152 0.0003
2024-05-15 2024-03-31 13F PNM RES COM 69349H107 721,361 -2,103,263 27,152 0.0022
2024-08-16 2023-12-31 13F/A-1 PNM RES COM 69349H107 2,824,624 1,846,486 188.78 117,504 169.29 0.0104
2024-02-13 2023-12-31 13F PNM RES COM 69349H107 2,824,624 1,846,486 117,504 0.0104
2023-11-15 2023-09-30 13F PNM RES COM 69349H107 978,138 -50,374 -4.90 43,635 -5.93 0.0044
2023-08-14 2023-06-30 13F PNM RES COM 69349H107 1,028,512 27,134 2.71 46,386 -4.85 0.0046
2023-05-15 2023-03-31 13F PNM RES COM 69349H107 1,001,378 420,731 72.46 48,747 72.07 0.0052
2023-02-14 2022-12-31 13F PNM RES COM 69349H107 580,647 -186,984 -24.36 28,330 -19.30 0.0032
2022-11-14 2022-09-30 13F PNM RES COM 69349H107 767,631 -1,285,105 -62.60 35,105 -64.21 0.0048
2022-10-27 2022-06-30 13F/A-1 PNM RES COM 69349H107 2,052,736 -747,562 -26.70 98,079 -26.53 0.0127
2022-08-15 2022-06-30 13F PNM RES COM 69349H107 2,052,736 -747,562 98,079 0.0026
2022-10-27 2022-03-31 13F/A-1 PNM RES COM 69349H107 2,800,298 1,039,164 59.01 133,491 66.19 0.0180
2022-05-13 2022-03-31 13F PNM RES COM 69349H107 2,800,298 1,039,164 133,491 0.0180
2022-02-14 2021-12-31 13F PNM RES COM 69349H107 1,761,134 24,315 1.40 80,325 -6.53 0.0099
2021-11-15 2021-09-30 13F PNM RES COM 69349H107 1,736,819 1,355,190 355.11 85,938 361.73 0.0116
2021-08-23 2021-06-30 13F/A-1 PNM RES COM 69349H107 381,629 -104,618 -21.52 18,612 -21.96 0.0025
2021-08-16 2021-06-30 13F PNM RES COM 69349H107 381,629 -104,618 18,612 0.0005
2021-05-17 2021-03-31 13F PNM RES COM 69349H107 486,247 -84,342 -14.78 23,849 -13.87 0.0035
2021-02-16 2020-12-31 13F PNM RES COM 69349H107 570,589 399,707 233.91 27,691 292.11 0.0043
2020-11-13 2020-09-30 13F PNM RES COM 69349H107 170,882 64,924 61.27 7,062 73.39 0.0014
2020-08-14 2020-06-30 13F PNM RES COM 69349H107 105,958 50,711 91.79 4,073 94.04 0.0009
2020-05-26 2020-03-31 13F/A-1 PNM RES COM 69349H107 55,247 -318,514 -85.22 2,099 -88.92 0.0006
2020-05-15 2020-03-31 13F PNM RES COM 69349H107 55,247 -318,514 2,099 161.2470
2020-02-14 2019-12-31 13F PNM RES COM 69349H107 373,761 257,212 220.69 18,952 212.22 0.0044
2019-11-14 2019-09-30 13F PNM RES COM 69349H107 116,549 51,122 78.14 6,070 82.23 0.0016
2019-08-14 2019-06-30 13F PNM RES COM 69349H107 65,427 -487,849 -88.17 3,331 -87.28 0.0009
2019-05-15 2019-03-31 13F PNM RES COM 69349H107 553,276 373,611 207.95 26,192 254.76 0.0074
2019-02-14 2018-12-31 13F PNM RES COM 69349H107 179,665 -53,200 -22.85 7,383 -19.64 0.0022
2019-04-23 2018-09-30 13F/A-2 PNM RES COM 69349H107 232,865 -52,668 -18.45 9,187 -17.29 0.0023
2018-11-20 2018-09-30 13F/A-1 PNM RES COM 69349H107 232,865 0 9,187 0.0023
2018-11-14 2018-09-30 13F PNM RES COM 69349H107 232,865 -52,668 9,187
2019-04-23 2018-06-30 13F/A-1 PNM RES COM 69349H107 285,533 -58,269 -16.95 11,107 -15.53 0.0030
2018-08-14 2018-06-30 13F PNM RES COM 69349H107 285,533 -58,269 11,107
2019-04-23 2018-03-31 13F/A-1 PNM RES COM 69349H107 343,802 -258,343 -42.90 13,149 -46.01 0.0036
2018-05-14 2018-03-31 13F PNM RES COM 69349H107 343,802 -258,343 13,149
2019-04-23 2017-12-31 13F/A-1 PNM RES COM 69349H107 602,145 308,202 104.85 24,355 105.60 0.0067
2018-02-14 2017-12-31 13F PNM RES COM 69349H107 602,145 308,202 24,355
2017-11-14 2017-09-30 13F PNM RES COM 69349H107 293,943 87,501 42.39 11,846 50.03 0.0035
2017-08-11 2017-06-30 13F PNM RES COM 69349H107 206,442 -124,848 -37.69 7,896 -35.58 0.0024
2017-05-22 2017-03-31 13F/A-1 PNM RES COM 69349H107 331,290 -103,914 -23.88 12,258 -17.89 0.0038
2017-05-12 2017-03-31 13F PNM RES COM 69349H107 331,290 12,258
2017-02-22 2016-12-31 13F/A-1 PNM RES COM 69349H107 435,204 296,267 213.24 14,928 228.38 0.0049
2017-02-13 2016-12-31 13F PNM RES COM 69349H107 435,204 14,928
2016-11-10 2016-09-30 13F PNM RES COM 69349H107 138,937 6,233 4.70 4,546 -3.34 0.0016
2016-08-12 2016-06-30 13F PNM RES COM 69349H107 132,704 -8,493 -6.02 4,703 -1.24 0.0017
2016-05-12 2016-03-31 13F PNM RES COM 69349H107 141,197 -118,458 -45.62 4,762 -40.02 0.0018
2016-02-09 2015-12-31 13F PNM RES COM 69349H107 259,655 104,459 67.31 7,939 82.34 0.0029
2016-02-08 2015-09-30 13F/A-1 PNM RES COM 69349H107 155,196 -83,643 -35.02 4,354 -25.89 0.0016
2015-11-09 2015-09-30 13F PNM RES COM 69349H107 155,196 4,354
2015-08-12 2015-06-30 13F PNM RES COM 69349H107 238,839 -60,408 -20.19 5,875 -32.76 0.0020
2015-05-14 2015-03-31 13F PNM RES COM 69349H107 299,247 245 0.08 8,738 -1.38 0.0032
2015-02-13 2014-12-31 13F PNM RES COM 69349H107 299,002 44,127 17.31 8,860 39.55 0.0032
2014-12-16 2014-09-30 13F/A-1 PNM RES COM 69349H107 254,875 112,982 79.62 6,349 65.55 0.0024
2014-11-14 2014-09-30 13F PNM RES COM 69349H107 254,875 6,349
2014-05-13 2014-03-31 13F PNM RES COM 69349H107 141,893 -287,520 -66.96 3,835 -62.98 0.0016
2014-02-13 2013-12-31 13F PNM RES COM 69349H107 429,413 94,166 28.09 10,358 36.51 0.0044
2013-11-13 2013-09-30 13F PNM RES INC COM ST COM 69349H107 335,247 187,262 126.54 7,588 131.06 0.0036
2013-08-08 2013-06-30 13F PNM RES INC COM ST COM 69349H107 147,985 147,985 3,284 0.0017
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.