Electron Capital Partners, LLC · Q2 2026 13F · SEC CIK 1586986

Ran Zhou portfolio

Hedge fundElectron Capital Partners 13F holdings. Filed 2026-08-14 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $2.5B
Reported positions: 46
Top holdings a year, 3 yrs: +25.1%
Assets under management: $4.2B

Ran Zhou is the founder of Electron Capital Partners, which reported 46 positions worth $2.5B in its Q2 2026 13F, filed 2026-08-14. Its largest holdings were Flex Ltd (FLEX, 11.2%), Mastec Inc (MTZ, 10.3%), Xcel Energy Inc (XEL, 8.1%). A portfolio copying its top holdings returned 25.1% a year over the last 3 years, against 20.4% for the S&P 500.

Ran Zhou holdings all 46 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Ran Zhou 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
FLEXFlex Ltd	11.2%	2.5%	1,727,715	+116.3%	$280.0M
MTZMastec Inc	10.3%	10.8%	620,190	-13.0%	$258.0M
XELXcel Energy Inc	8.1%	7.2%	2,522,174	+31.4%	$202.5M
NEENextera Energy Inc Com	6.8%	8.9%	1,932,900	-5.3%	$169.7M
ETREntergy Corp.	6.1%	6.7%	1,340,648	+6.0%	$154.0M
COHRCoherent Corp	4.4%	5.1%	277,072	-38.7%	$109.3M
FEFirstenergy Corp	3.9%	7.1%	2,046,976	-31.6%	$97.3M
JCIJohnson Controls Internation	3.6%	2.9%	622,330	+34.2%	$90.9M
WMBWilliams Companies	3.4%	3.7%	1,154,694	+5.9%	$85.8M
CEGConstellation Energy Corp	2.8%	2.9%	286,137	+28.5%	$71.1M
CGNXCognex Corp	2.8%	2.0%	967,843	+8.9%	$70.1M
KEYSKeysight Technologies Inc Com	2.8%	2.2%	199,931	+21.2%	$70.0M
CHRWC H Robinson Worldwide in	2.7%	2.7%	359,077	+5.2%	$67.6M
PCGPg&e Corp	2.5%	2.9%	3,679,420	+5.7%	$61.9M
FDXFFedex Fght Hldg Co Inc	2.2%	New	366,682	—	$55.4M
ULSUl Solutions Inc	2.2%	2.9%	530,585	-25.7%	$54.0M
CVNACarvana Co	2.1%	New	813,127	—	$53.5M
NRGNrg Energy Inc	2.1%	2.8%	357,635	-12.1%	$52.2M
GLWCorning Inc.	1.7%	New	163,766	—	$41.8M
PRIMPrimoris Svcs Corp	1.6%	New	415,103	—	$41.1M
SEDGSolaredge Technologies Inc	1.6%	2.6%	672,680	-37.6%	$39.3M
EOSEEos Energy Enterprises Inc	1.6%	1.3%	6,681,859	+24.2%	$39.3M
ESEversource Energy	1.5%	New	507,164	—	$36.7M
ENVXEnovix Corporation	1.2%	1.1%	4,788,098	+3.5%	$29.1M
TET1 Energy Inc	1.1%	1.2%	2,931,918	-50.6%	$27.8M
WOLFWolfspeed Inc	1.1%	New	571,267	—	$27.6M
EIXEdison Intl	1.1%	1.2%	358,124	+5.4%	$26.7M
MWHSolv Energy Inc	1.0%	1.0%	749,386	+3.9%	$25.5M
GDSGds Hldgs Ltd	1.0%	1.5%	831,889	+6.5%	$25.0M
RIGTransocean Ltd	0.9%	New	4,652,185	—	$22.7M
NXTNextpower Inc	0.8%	0.2%	178,035	+554.9%	$21.2M
NPKINpk International Inc	0.7%	0.7%	1,169,304	+6.3%	$18.6M
ALBAlbemarle Corp Com	0.7%	1.9%	137,253	-38.3%	$18.5M
GEVGe Vernova Inc	0.7%	0.6%	14,175	-1.0%	$16.7M
FRVOFervo Energy Co	0.5%	New	459,840	—	$13.4M
VRTVertiv Holdings Co	0.4%	0.3%	26,670	-1.0%	$8.9M
PWRQuanta Svcs Inc Com	0.3%	0.2%	9,312	-1.0%	$6.7M
XIFRXplr Infrastructure LP	0.2%	New	342,633	—	$4.0M
OPALOPAL Fuels Inc	0.2%	0.2%	1,800,000	+0.0%	$4.0M
ARRYArray Technologies Inc	0.1%	0.1%	391,887	-1.0%	$2.9M
NIONio Inc	0.1%	New	284,515	—	$1.4M
HSAIHesai Group	0.0%	0.1%	60,050	-1.0%	$1.1M
WRDWeride Inc	0.0%	0.1%	132,500	-1.0%	$771K
PONYPony Ai Inc	0.0%	0.0%	49,853	-1.0%	$346K
EHEHang Holdings Ltd. Sponsored ADR Class	0.0%	0.0%	33,825	-1.0%	$222K
SES-WTSes Ai Corporation	0.0%	0.0%	239,752	+0.0%	$8K

What Ran Zhou bought and sold in Q2 2026, against Q1 2026.

New positions

Added to

NXT Nextpower Inc+554.9% shares
FLEX Flex Ltd+116.3% shares
JCI Johnson Controls Internation+34.2% shares
XEL Xcel Energy Inc+31.4% shares
CEG Constellation Energy Corp+28.5% shares
EOSE Eos Energy Enterprises Inc+24.2% shares
KEYS Keysight Technologies Inc Com+21.2% shares
CGNX Cognex Corp+8.9% shares

Reduced

TE T1 Energy Inc-50.6% shares
COHR Coherent Corp-38.7% shares
ALB Albemarle Corp Com-38.3% shares
SEDG Solaredge Technologies Inc-37.6% shares
FE Firstenergy Corp-31.6% shares
ULS Ul Solutions Inc-25.7% shares
MTZ Mastec Inc-13.0% shares
NRG Nrg Energy Inc-12.1% shares

Sold out

Share counts compared with the Q1 2026 13F; a split also changes share counts.

How the holdings did against the S&P 500.

1 year: +17.8% /yr; S&P 500 +20.1%
3 years: +25.1% /yr; S&P 500 +20.4%
5 years: +18.6% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$2.5B	46
Q1 2026	$2.1B	44
Q4 2025	$2.2B	40
Q3 2025	$2.2B	37
Q2 2025	$1.9B	36
Q1 2025	$1.4B	37
Q4 2024	$1.7B	40
Q3 2024	$2.1B	45
Q2 2024	$1.9B	47
Q1 2024	$2.3B	46
Q4 2023	$2.2B	33
Q3 2023	$2.0B	38

Questions about Ran Zhou's portfolio

Who is Ran Zhou?

Ran Zhou is the founder of Electron Capital Partners, a hedge fund that files its US stock holdings with the SEC on Form 13F under the name Electron Capital Partners, LLC.

What stocks does Ran Zhou own?

Electron Capital Partners, LLC's latest 13F, for Q2 2026 and filed Aug 14, 2026, lists 46 positions worth $2.5B. The largest are Flex Ltd (FLEX) at 11.2%, Mastec Inc (MTZ) at 10.3%, Xcel Energy Inc (XEL) at 8.1%, Nextera Energy Inc Com (NEE) at 6.8% and Entergy Corp. (ETR) at 6.1%.

What did Ran Zhou buy last quarter?

In Q2 2026, Electron Capital Partners, LLC added a new position in Fedex Fght Hldg Co Inc (FDXF), a new position in Carvana Co (CVNA), a new position in Corning Inc. (GLW), a new position in Primoris Svcs Corp (PRIM), a new position in Eversource Energy (ES), Nextpower Inc (NXT) (+554.9% shares), Flex Ltd (FLEX) (+116.3% shares) and Johnson Controls Internation (JCI) (+34.2% shares), compared with its Q1 2026 filing.

What did Ran Zhou sell last quarter?

In Q2 2026, Electron Capital Partners, LLC sold all of Dow Inc. (DOW), sold all of Spdr (XLU), sold all of Fedex Corp (FDX), sold all of Aes Corp (AES), sold all of Boeing Co (BA), T1 Energy Inc (TE) (-50.6% shares), Coherent Corp (COHR) (-38.7% shares) and Albemarle Corp Com (ALB) (-38.3% shares), compared with its Q1 2026 filing.

How has Ran Zhou's portfolio performed?

A portfolio copying Electron Capital Partners, LLC's 20 largest 13F holdings each quarter, from the day each filing was public, returned +25.1% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +17.8% against +20.1%. Over 5 years: +18.6% a year against +11.6%.

When is Electron Capital Partners, LLC's next 13F filing due?

13F filings are due 45 days after each quarter ends. Electron Capital Partners, LLC's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Electron Capital Partners, LLC manage?

Electron Capital Partners, LLC reported $4.2B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $2.5B.