Balyasny Asset Management L.P. Acquires 6.55% Stake in TXNM Energy, Inc.

On May 15, 2026, Balyasny Asset Management L.P. (BAM) filed a Schedule 13G regarding its holdings in TXNM Energy, Inc. (TXNM). The filing reveals that BAM, along with its associated reporting persons—BAM GP LLC, Balyasny Asset Management Holdings LP, Dames GP LLC, and Dmitry Balyasny—beneficially owns 7,133,543 shares of common stock. This position represents approximately 6.55% of the company's outstanding shares, based on 108,921,356 shares reported as of February 13, 2026. The shares are held directly by Atlas Diversified Master Fund, Ltd. (ADMF), for which BAM serves as the investment manager. Consequently, BAM and its controlling entities and individuals are deemed to have shared or sole voting and dispositive power over the securities. The filing indicates that these shares were acquired in the ordinary course of business and not for the purpose of influencing or changing the control of the issuer. This represents a new significant holding for the reporting group as the previous ownership was reported at zero.