Supply breakdown
Shares as of Aug 5, 2026| Category | Shares | % | Value | Status |
|---|---|---|---|---|
| Circulating | 47.91M | 100.0% | $18.41B | Estimated |
| Free float | - | - | - | Unavailable |
| Insider-held, unrestricted | - | - | - | Unavailable |
| Locked team funds | - | - | - | Unavailable |
| Other restricted (unlisted classes only) | - | - | - | Unavailable |
| Total outstanding | 47.91M | 100.0% | $18.41B | Verified |
| Ownership views (overlap the categories above, never added) | ||||
| Institutional holdings (13F; over 100%, double counted) | 48.16M | 100.5% | $18.50B | Estimated |
| Insider-held, all (Forms 3, 4, 5) | - | - | - | Unavailable |
Institutional and insider holdings can include both tradable and locked shares, so they are shown for reference and never added to the total. Check: no class has more shares deducted than it has outstanding, and the review found no shares that may be counted twice: reconciles.
Valuation
- Traditional$18.41B
- Fully diluted-
- Circulating$18.41B
- Free float-
- Locked team value$0
- Other restricted value$0
Locked and restricted shares
Not reviewed yet.
Institutional holders
13F, quarter ended Jun 30, 2026| Holder | Shares | % of total |
|---|---|---|
| BlackRock, Inc. | 4.36M | 9.09% |
| Rubric Capital Management LP | 3.60M | 7.52% |
| MFN Partners Management, LP | 3.00M | 6.26% |
| ECP ControlCo, LLC | 2.40M | 5.01% |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 2.17M | 4.52% |
| VANGUARD CAPITAL MANAGEMENT LLC | 2.05M | 4.29% |
| FRED ALGER MANAGEMENT, LLC | 1.55M | 3.23% |
| REAVES W H & CO INC | 1.48M | 3.08% |
| STATE STREET CORP | 1.38M | 2.88% |
| Sachem Head Capital Management LP | 1.37M | 2.86% |
Sum of long share positions in Form 13F reports for the quarter. 13F covers managers with over $100M in US equities; some positions are reported by more than one filer. The total is 101% of shares outstanding, so it counts some shares twice: positions reported by more than one manager, and lent shares that appear at both the lender and the buyer. Read it as an upper bound.
Insiders
Forms 3, 4 and 5Form 4 aggregation pending
Share classes
| Class | Listing | Shares outstanding | As of |
|---|---|---|---|
| Common stock | TLN on Nasdaq | 47,914,259 | Aug 5, 2026 |
Notes and sources
- Talen Energy Corp 10-Q for period ended 2026-06-30, Cover page (0001622536-26-000066)
- SEC public float (non-affiliates): $13.30B as of Jun 30, 2025, from the 10-K cover. It is a dollar value at a past date, not circulating supply.