PEABODY ENERGY CORP

Last quarter, Assenagon Asset Management held more Peabody Energy stock than almost any other institution combined — a position worth roughly $39.9 million on 1.21 million shares, implied by this quarter's reported change. This quarter, that stake is down to 106,424 shares and $2.5 million, a 91% cut. Assenagon — a fund 13F Insight classifies as quasi-passive, meaning the move likely reflects an index mandate change rather than a view on the coal miner specifically — remains the largest tracked holder even after the cut, at 26% of the $9.3 million in institutional value 13F Insight can see, but that total itself tells the bigger story: BTU's institutional footprint has shrunk dramatically, with only 28 filers reporting a position at all. Adams Asset Advisors held its 100,000-share stake exactly flat and is now the second-largest holder at 25%. On the buy side, Merit Financial Group opened the quarter's largest new position ($325,242, 14,067 shares), and five smaller firms opened token new stakes. The stock's own price fell roughly 30% over the same stretch, based on the math embedded in unchanged and newly-priced positions across multiple holders — which means even holders who didn't sell a share still show a meaningfully smaller position value than three months ago.