Xcel Energy Inc.
MX ˙ BMV ˙ US98389B1008
SecurityMX:XEL / Xcel Energy Inc.
InstitutionBaird Financial Group, Inc.
Latest Disclosed Ownership32,381 shares
Latest Disclosed Value $ 2,572,422
Baird Financial Group, Inc. reports 1.41% decrease in ownership of XEL / Xcel Energy Inc.

On May 14, 2026 - Baird Financial Group, Inc. filed a 13F-HR form disclosing ownership of 32,381 shares of Xcel Energy Inc. (MX:XEL) valued at $2,572,422 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 32,845 shares of Xcel Energy Inc.. This represents a change in shares of -1.41% 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)
2026-05-14 2026-03-31 13F XCEL ENERGY COM 98389B100 32,381 -464 -1.41 2,572 6.06 0.0040
2026-02-13 2025-12-31 13F XCEL ENERGY INC COM COMMON 98389B100 32,845 5,753 21.24 2,426 11.03 0.0038
2025-11-13 2025-09-30 13F XCEL ENERGY COMMON 98389B100 27,092 -3,250 -10.71 2,185 5.71 0.0035
2025-08-13 2025-06-30 13F XCEL ENERGY INC COM COMMON 98389B100 30,342 -1,727 -5.39 2,066 -8.99 0.0036
2025-05-15 2025-03-31 13F XCEL ENERGY INC COM COMMON 98389B100 32,069 1,810 5.98 2,270 11.11 0.0044
2025-02-14 2024-12-31 13F XCEL ENERGY COMMON 98389B100 30,259 694 2.35 2,043 5.85 0.0039
2024-11-14 2024-09-30 13F XCEL ENERGY COMMON 98389B100 29,565 1,299 4.60 1,931 27.90 0.0037
2024-08-14 2024-06-30 13F XCEL ENERGY COMMON 98389B100 28,266 -5,809 -17.05 1,510 -17.59 0.0031
2024-05-14 2024-03-31 13F XCEL ENERGY COMMON 98389B100 34,075 1,049 3.18 1,832 -10.42 0.0038
2024-02-14 2023-12-31 13F XCEL ENERGY COMMON 98389B100 33,026 1,932 6.21 2,045 14.90 0.0047
2023-11-13 2023-09-30 13F XCEL ENERGY COMMON 98389B100 31,094 -672 -2.12 1,779 -9.88 0.0049
2023-08-11 2023-06-30 13F XCEL ENERGY COMMON 98389B100 31,766 -9,747 -23.48 1,975 -29.47 0.0052
2023-05-15 2023-03-31 13F XCEL ENERGY COMMON 98389B100 41,513 -2,427 -5.52 2,800 93,200.00 0.0069
2023-02-13 2022-12-31 13F XCEL ENERGY COMMON 98389B100 43,940 11,475 35.35 3 -99.86 0.0081
2022-11-15 2022-09-30 13F XCEL ENERGY COMMON 98389B100 32,465 -5,251 -13.92 2,078 -22.14 0.0061
2022-08-08 2022-06-30 13F XCEL ENERGY COMMON 98389B100 37,716 -2,252 -5.63 2,669 -7.45 0.0074
2022-05-13 2022-03-31 13F XCEL ENERGY COMMON 98389B100 39,968 -16,244 -28.90 2,884 -24.20 0.0071
2022-02-09 2021-12-31 13F XCEL ENERGY INC COM COMMON 98389B100 56,212 23,617 72.46 3,805 86.70 0.0089
2021-11-12 2021-09-30 13F XCEL ENERGY INC COM COMMON 98389B100 32,595 3,650 12.61 2,038 6.87 0.0052
2021-08-11 2021-06-30 13F XCEL ENERGY INC COM COMMON 98389B100 28,945 146 0.51 1,907 -0.42 0.0050
2021-05-13 2021-03-31 13F XCEL ENERGY INC COM COMMON 98389B100 28,799 4,655 19.28 1,915 18.94 0.0054
2021-02-11 2020-12-31 13F XCEL ENERGY INC COM COMMON 98389B100 24,144 3,229 15.44 1,610 11.50 0.0048
2020-11-12 2020-09-30 13F XCEL ENERGY INC COM COMMON 98389B100 20,915 -699 -3.23 1,444 6.88 0.0049
2020-10-22 2020-06-30 13F/A-1 XCEL ENERGY INC COM COMMON 98389B100 21,614 -3,870 -15.19 1,351 -12.04 0.0051
2020-08-14 2020-06-30 13F XCEL ENERGY INC COM COMMON 98389B100 32,528 7,044 2,065 4,092.3608
2020-05-14 2020-03-31 13F XCEL ENERGY INC COM COMMON 98389B100 25,484 -8,411 -24.81 1,536 -28.62 0.0070
2020-02-14 2019-12-31 13F XCEL ENERGY INC COM COMMON 98389B100 33,895 -36,393 -51.78 2,152 -52.82 0.0077
2019-11-14 2019-09-30 13F XCEL ENERGY Common 98389B100 70,288 38,720 122.66 4,561 142.74 0.0180
2019-08-14 2019-06-30 13F XCEL ENERGY COMMON 98389B100 31,568 9,091 40.45 1,879 48.77 0.0073
2019-05-14 2019-03-31 13F XCEL ENERGY COMMON 98389B100 22,477 -2,579 -10.29 1,263 2.27 0.0074
2019-02-14 2018-12-31 13F Xcel Energy COMMON 98389B100 25,056 -350 -1.38 1,235 3.09 0.0084
2018-11-13 2018-09-30 13F Xcel Energy COMMON 98389B100 25,406 -62 -0.24 1,198 3.01 0.0075
2018-08-13 2018-06-30 13F XCEL ENERGY COMMON 98389B100 25,468 -1,642 -6.06 1,163 -5.68 0.0079
2018-05-14 2018-03-31 13F XCEL ENERGY COMMON 98389B100 27,110 27 0.10 1,233 -5.37 0.0087
2018-02-09 2017-12-31 13F XCEL ENERGY COMMON 98389B100 27,083 -853 -3.05 1,303 -1.44 0.0092
2017-11-14 2017-09-30 13F XCEL ENERGY COMMON 98389B100 27,936 -2,145 -7.13 1,322 -4.20 0.0100
2017-08-14 2017-06-30 13F XCEL ENERGY COMMON 98389B100 30,081 -1,287 -4.10 1,380 -1.00 0.0108
2017-06-19 2017-03-31 13F/A-1 XCEL ENERGY COMMON 98389B100 31,368 -2,355 -6.98 1,394 1.53 0.0113
2017-05-09 2017-03-31 13F XCEL ENERGY COMMON 98389B100 31,368 1,394
2017-02-10 2016-12-31 13F XCEL ENERGY COMMON 98389B100 33,723 392 1.18 1,373 0.15 0.0119
2016-11-10 2016-09-30 13F XCEL ENERGY COMMON 98389B100 33,331 -10,127 -23.30 1,371 -29.07 0.0123
2016-08-11 2016-06-30 13F XCEL ENERGY COMMON 98389B100 43,458 2,012 4.85 1,933 11.54 0.0177
2016-05-12 2016-03-31 13F XCEL ENERGY COMMON 98389B100 41,446 10,828 35.36 1,733 57.69 0.0166
2016-02-11 2015-12-31 13F XCEL ENERGY COMMON 98389B100 30,618 -17,288 -36.09 1,099 -35.20 0.0110
2015-11-12 2015-09-30 13F XCEL ENERGY COMMON 98389B100 47,906 4,607 10.64 1,696 21.75 0.0180
2015-08-14 2015-06-30 13F XCEL ENERGY COMMON 98389B100 43,299 43,299 1,393 0.0137
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.