PNM RES INC

Ticker: TXNM CUSIP: 69349H107 Class: EQTY

Birnam Oak Advisors, LP's Holding History (CIK: 0001997245)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 379,851 Value ($000) $22,366 Avg Close $57.71 Range $56.50 - $59.12

Q3 2025

Shares 389,851 Value ($000) $22,046 Avg Close $56.75 Range $56.17 - $57.42

Q2 2025

Shares 269,000 Value ($000) $15,150 Avg Close $54.45 Range $47.69 - $57.29

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	379,851	$22,366	$57.71	$56.50 - $59.12
Q3 2025	389,851	$22,046	$56.75	$56.17 - $57.42
Q2 2025	269,000	$15,150	$54.45	$47.69 - $57.29