PPL Corporation

The full register, from 13F filings

The Register tab above is hand research: a dozen holders, each traced to the filing it came from. This asks the same question of the whole market for the quarter ended 31-mar-2026, where 974 managers reported a position. Broad where the research is deep, and shallow in the ways a 13F always is.

Built from 13F filings, which report US listed, long, US custodied positions only. A register from this source is a floor rather than a level: a holder's true position can be far larger, as BlackRock's ASML stake shows at 1.28m shares in a 13F against 26.3m in its 13G/A. Holdings held through derivatives, outside US custody, or below a manager's reporting obligation do not appear. Where a holder is marked as a family, its total sums several separate filing entities and describes something no single filing describes; the constituent entities and their share counts are listed so the total can be checked. That roll-up can legitimately exceed the family's own Schedule 13G, because a 13G is filed by one legal entity: Vanguard reports Alphabet through ten advisory entities, and The Vanguard Group Inc itself reported zero after its January 2026 disaggregation.

What a reader needs to know to read these numbers

• PPL is a pure utility holding company for PPL Electric Utilities (PA transmission and distribution), Louisville Gas and Electric, Kentucky Utilities, and Rhode Island Energy (The Narragansett Electric Company). Exhibit 21 to the FY2025 10-K (filed 2026-02-20, https://www.sec.gov/Archives/edgar/data/922224/000092222426000008/ppl-12312025ex21.htm) lists only wholly owned subsidiaries with no ownership-percentage column and no joint ventures: CEP Reserves, Kentucky Utilities, LG&E and KU Capital LLC, LG&E and KU Energy LLC, Louisville Gas and Electric, PPL Capital Funding, PPL Electric Utilities, PPL Energy Funding, PPL Energy Holdings, PPL Rhode Island Holdings, PPL Subsidiary Holdings, and The Narragansett Electric Company. This is a genuine negative for the Exhibit 21 approach, consistent with Labcorp/Darden precedent: some registrants' Exhibit 21 carries no percentage column at all.
• The one holdings-side position found is a genuine minority equity stake, not a wholly owned subsidiary: PPL owns 51% of Invitium Energy, LLC, a private joint venture with affiliates of Blackstone Infrastructure Advisors L.L.C. (49%) formed to build, own and operate new electricity generation to power Pennsylvania data centers under long-term ESSAs. First disclosed in the Q2 2026 10-Q (filed 2026-08-07); absent from the Q1 2026 10-Q (filed 2026-05-08) and the FY2025 10-K (filed 2026-02-20), so formation falls between those two filings. No dollar value, capital contribution, or carrying value is disclosed for PPL's interest in any filing checked; management states no capital has yet been committed pending signed ESSAs.
• Company shares_outstanding (752,544,841) is the cover-page count as of July 31, 2026 from the Q2 2026 10-Q, corroborated independently by stockanalysis.com (752.54 million as of 2026-08-18).
• Vanguard family: swept all 8 entities named in this project's own 31-Mar-2026 register snapshot (data/registers/PPL.json) for the entity LIST only, then fetched each entity's own fresh Q2 2026 (period 2026-06-30) 13F-HR information table for share counts, per the brief. Parent Vanguard Group Inc. (CIK 0000102909) filed a 13F-NT (notice, no holdings) for this quarter, confirming the successors are the position and should be SUMMED, not substituted: Vanguard Capital Management LLC 47,876,837 + Vanguard Portfolio Management LLC 37,684,426 + Vanguard Fiduciary Trust Co 4,196,145 + Vanguard Global Advisers LLC 1,619,594 + Vanguard Asset Management Ltd 1,577,108 + Vanguard Investments Australia Ltd 749,333 + Vanguard Personalized Indexing Management LLC 98,794 + Vanguard National Trust Co 2,196 = 93,804,433 shares. The register snapshot's 31-Mar-2026 figure was 91,785,446; the fresh Q2 figure is higher, consistent with continued index accumulation.
• T. Rowe Price: swept both registrants required by the brief. T. Rowe Price Investment Management, Inc. (CIK 0001897612) held 32,432,874 shares; T. Rowe Price Associates, Inc. (CIK 0000080255) held a separate, much smaller 1,089,586 shares. Both file information-table VALUES IN THOUSANDS: Investment Management's reported value 1,178,935 implies $1,178,935,000 / 32,432,874 shares = $36.35/share, and Associates' reported value 39,607 implies $39,607,000 / 1,089,586 shares = $36.35/share; both check out against PPL's actual August 2026 share price (~$35.6-$36.3), confirming shares themselves are NOT in thousands, only value_usd would be if it were populated. value_usd left null here because deriving it from the thousands-scaled field risked compounding the two filings' figures incorrectly; shares are the sourced, checked figure.
• Capital Group family: checked all three standard registrants (Capital World Investors CIK 0001422849, Capital International Investors CIK 0001562230, Capital Research Global Investors CIK 0001422848) against their own fresh Q2 2026 13F-HR information tables. NONE hold PPL (cusip 69351T106 does not appear in any of the three files). This is a checked-and-zero finding, recorded here per the brief rather than as a null row.
• Cohen & Steers, Inc. (CIK 0001284812, the entity that actually files 13F-HR; its affiliate Cohen & Steers Capital Management Inc., CIK 0000845563, filed a 13F-NT with no holdings) held 4,716,321 PPL shares as of 2026-06-30. This filing ALSO reports value in thousands: reported value 171,438 implies $171,438,000 / 4,716,321 shares = $36.35/share, matching PPL's actual price and confirming the thousands scaling, per the brief's specific warning that Cohen & Steers hits this on utilities/REITs.
• The register also carries a distinct CUSIP, 69351T866, described in 13F filings as 'PPL CORP [UNIT 02/15/2029]', held in smaller size by BlackRock (1,415,633 units) and State Street (347,000 units) among others. This is a separate equity unit / purchase-contract instrument, NOT PPL common stock, and is deliberately excluded from every share count and from company.shares_outstanding per the one-instrument-one-basis rule.
• The DEF 14A (filed 2026-04-01, record date used in its 5% table is 2026-03-04) quotes STALE Schedule 13G figures for its top holders: Vanguard 94,052,723 (13G period implied ~Dec 2025), BlackRock 64,137,817 (13G dated 25 Jan 2024, as of 31 Dec 2023, over 2.5 years stale), T. Rowe Price Investment Management 40,357,717, State Street 37,376,575 (13G as of 30 Jun 2025). Per the brief, the fresh Q2 2026 13F figures used in this file are preferred over these; the largest divergence is T. Rowe Price Investment Management (proxy 13G: 40,357,717 vs fresh 13F: 32,432,874, a difference of ~7.9M shares) and BlackRock (proxy 13G: 64,137,817 vs fresh 13F: 67,100,264). Vanguard's two figures are close (94.05M proxy vs 93.80M fresh), a useful cross-check that the family sweep is complete.
• Proxy states 'All directors and executive officers as a group hold less than 1% of PPL's outstanding common stock' and gives the exact figure: 2,594,245 shares (as of 2026-03-04). PPL has no founder or dual-class structure and no individual director or officer approaches a reportable stake, so this aggregate is carried as a single insider row rather than itemized; it has no members and nothing rolls up into it, so it is not marked is_aggregate.
• Wellington Management Group, which appeared in this project's 31-Mar-2026 register snapshot at 25,101,727 shares, was NOT refreshed: its correct current CIK could not be confirmed via SEC company search in the time available (several similarly named entities exist and none matched cleanly), so it is omitted here rather than shipped as a stale or misattributed figure. See unknowns.
• Self-gate (computed from this final file, per the brief's own arithmetic: raw shares summed for every row, since no row here is is_aggregate with members rolling into it): 11 register rows, share total 339,831,035, 339,831,035 / 752,544,841 = 45.16% of shares outstanding. This sits just above the '25% to 45%' zone the brief calls typical but well under the 55% ceiling that flags an error; the file has unusually broad institutional coverage (11 named holders including two dual-CIK families) rather than a double-count, and every row was individually checked against fresh, dated 13F-HR filings or the proxy's own group-total disclosure.