Vistra Corp.
Ticker: VSTUtilitiesElectric, Gas & WaterS&P 500The business
Vistra Corp. (NYSE: Texas) operates as an integrated retail electricity and power generation company serving approximately five million residential, commercial, and industrial customers across eighteen states and the District of Columbia. The company's website is located at www.vistraenergy.com.
Vistra combines a customer-centric retail energy platform with one of the largest competitive power generation fleets in the United States, totaling approximately 44,000 megawatts of generation capacity. This integrated business model distinguishes Vistra from standalone competitors by enabling efficient procurement of electricity to serve retail customers at competitive costs while managing commodity price volatility.
The company operates through five reportable business segments: Retail, Texas, East, West, and Asset Closure. The Retail segment engages in electricity and natural gas sales through multiple brands including TXU Energy, Ambit Energy, Dynegy Energy Services, Homefield Energy, Energy Harbor, and U.S. Gas & Electric. The generation segments operate across major competitive wholesale power markets including ERCOT, PJM, ISO-NE, NYISO, MISO, and CAISO.
Vistra's generation portfolio reflects fuel and technology diversity, comprising natural gas facilities (62 percent of capacity), coal-fueled generation (20 percent), nuclear units (15 percent), and renewable solar and battery storage (3 percent). The company owns and operates six nuclear generation units across four facilities and maintains significant natural gas and coal-fueled generation capacity distributed across its operating regions.
As of December 31, 2025, Vistra employed approximately 6,390 full-time employees, including approximately 1,860 employees under collective bargaining agreements. The company's largest retail market concentration is in Texas, where it serves approximately 2.6 million customers. Vistra's wholesale operations include a commodity risk management group responsible for dispatching the generation fleet and managing portfolio optimization strategies.
The company emerged from reorganization under Chapter 11 of the U.S. Bankruptcy Code on October 3, 2016, following its predecessor's emergence from Energy Future Holdings Corp. Vistra's strategic focus emphasizes maintaining a resilient balance sheet, disciplined capital allocation, and executing a strategic energy transition toward low-to-no carbon resources while supporting grid reliability and affordability.
- Sector
- Utilities
- Industry
- Electric, Gas & Water
- HQ
- IRVING, TX
- FY end
- 12-31
- CIK
- 1692819
- SIC
- 4911
Ownership
Who holds Vistra Corp. — across funds, superinvestors and bonds · N-PORT 2026Q2 · 13F 2026-06-30
Top fund holders
| Fund | % of fund | Value |
|---|---|---|
| VANGUARD TOTAL STOCK MARKET INDEX FUND VTI · VANGUARD INDEX FUNDS | 0.07% | $1.70B |
| VANGUARD 500 INDEX FUND VOO · VANGUARD INDEX FUNDS | 0.08% | $1.30B |
| VANGUARD MID-CAP INDEX FUND VO · VANGUARD INDEX FUNDS | 0.52% | $1.16B |
| State Street(R) Utilities Select Sector SPDR(R) ETF XLU · SELECT SECTOR SPDR TRUST | 3.54% | $818.12M |
| iShares Core S&P 500 ETF IVV · iShares Trust | 0.08% | $691.54M |
Superinvestors in Vistra Corp.
Share of each manager's reported 13F portfolio.
Bonds held by funds
Funds report holding 3 issues of Vistra Corp.'s debt, $1.45B at fund-held market value — what funds hold, not the company's debt outstanding. Weighted-average coupon 7.77%, maturing 2026–2029.
| Issue | Coupon | Matures | Funds | Fund-held |
|---|---|---|---|---|
| Vistra Corp | 7.000% | 2026-12-15 | 136 | $609.23M |
| Vistra Corp | 8.000% | 2026-10-15 | 131 | $521.04M |
| Vistra Corp | 8.875% | 2029-01-15 | 62 | $317.49M |
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.
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