Maverick Capital and affiliates report a 3.3% stake in Peabody Energy Corporation common stock. The filing shows beneficial ownership of 4,067,173 shares of Peabody common stock as of December 31, 2025, held across multiple Maverick-advised funds and separately managed accounts.
The reporting persons, Maverick Capital, Ltd., Maverick Capital Management, LLC, and Lee S. Ainslie III, report only shared voting and investment power over these shares, with no sole voting or dispositive power. The percentage ownership is based on 123,000,000 shares of Peabody common stock outstanding, as reported by the company in a Form 8-K exhibit.
The certification states that the securities were not acquired and are not held for the purpose of changing or influencing control of Peabody Energy, and are not part of any control-related transaction.
Positive
None.
Negative
None.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2)
Peabody Energy Corporation
(Name of Issuer)
Common Stock, par value $0.01 per share
(Title of Class of Securities)
704551100
(CUSIP Number)
12/31/2025
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
SCHEDULE 13G
CUSIP No.
704551100
1
Names of Reporting Persons
Maverick Capital, Ltd.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
TEXAS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
4,067,173.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
4,067,173.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
4,067,173.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
3.3 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
CUSIP No.
704551100
1
Names of Reporting Persons
Maverick Capital Management, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
TEXAS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
4,067,173.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
4,067,173.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
4,067,173.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
3.3 %
12
Type of Reporting Person (See Instructions)
HC
SCHEDULE 13G
CUSIP No.
704551100
1
Names of Reporting Persons
Lee S. Ainslie III
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
4,067,173.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
4,067,173.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
4,067,173.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
3.3 %
12
Type of Reporting Person (See Instructions)
IN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Peabody Energy Corporation
(b)
Address of issuer's principal executive offices:
701 Market Street, St. Louis, Missouri 63101-1826
Item 2.
(a)
Name of person filing:
This Schedule 13G (the "Schedule 13G") is being filed on behalf of each of the following persons (each, a "Reporting Person") with respect to shares of Common Stock, par value $0.01 per share (the "Common Stock") of Peabody Energy Corporation (the "Issuer"):
Maverick Capital, Ltd. ("Maverick");
Maverick Capital Management, LLC ("Maverick Capital Management"); and
Lee S. Ainslie III ("Mr. Ainslie").
This Schedule 13G relates to Common Stock held for the accounts of Maverick's clients.
(b)
Address or principal business office or, if none, residence:
The address of the principal business office of (i) Maverick and Maverick Capital Management is 1900 N. Pearl Street, 20th Floor, Dallas, Texas 75201, and (ii) Mr. Ainslie is 360 South Rosemary Ave., Suite 1440, West Palm Beach, Florida 33401.
(c)
Citizenship:
Maverick is a Texas limited partnership;
Maverick Capital Management is a Texas limited liability company; and
Mr. Ainslie is a United States citizen.
(d)
Title of class of securities:
Common Stock, par value $0.01 per share
(e)
CUSIP No.:
704551100
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
Ownership as of December 31, 2025 is incorporated by reference to items 5 - 9 and 11 of the cover pages of each of the Reporting Persons. The ownership percentages are based on 123,000,000 outstanding shares of Common Stock of the Issuer, as reported by the Issuer in Exhibit 99.1 to its Current Report on Form 8-K filed with the Securities and Exchange Commission on February 5, 2026.
Maverick is the investment advisor of (i) Maverick Fund USA, Ltd, a Texas limited partnership, which holds 812,531 shares of Common Stock, (ii) Maverick Fund II, Ltd., a Cayman exempt corporation, which holds 851,803 shares of Common Stock, (iii) Maverick Long Enhanced Fund, Ltd, a Cayman exempt corporation, which holds 914,272 shares of Common Stock, (iv) Maverick HP, L.P., a Delaware limited partnership, which holds 931,045 shares of Common Stock, (v) Maverick Long Fund, Ltd., a Cayman exempt corporation, which holds 350,066 shares of Common Stock, and (vi) certain separately managed accounts which collectively hold 207,456 shares of Common Stock.
Maverick is an investment adviser registered under Section 203 of the Investment Advisers Act of 1940 and, as such, may be deemed to have beneficial ownership of the shares of Common Stock which are the subject of this filing through the investment discretion it exercises over its clients' accounts. Maverick Capital Management is the General Partner of Maverick. Mr. Ainslie is the manager of Maverick Capital Management and the Managing Partner of Maverick.
(b)
Percent of class:
The information set forth in item 11 of the cover pages to the Schedule 13G is incorporated herein by reference.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
The information set forth in item 5 of the cover pages to the Schedule 13G is incorporated herein by reference.
(ii) Shared power to vote or to direct the vote:
The information set forth in item 6 of the cover pages to the Schedule 13G is incorporated herein by reference.
(iii) Sole power to dispose or to direct the disposition of:
The information set forth in item 7 of the cover pages to the Schedule 13G is incorporated herein by reference.
(iv) Shared power to dispose or to direct the disposition of:
The information set forth in item 8 of the cover pages to the Schedule 13G is incorporated herein by reference.
Item 5.
Ownership of 5 Percent or Less of a Class.
Ownership of 5 percent or less of a class
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Maverick Capital, Ltd.
Signature:
/s/ Trevor Wiessmann*
Name/Title:
By: Maverick Capital Management, LLC, its General Partner By: Lee S. Ainslie III, Manager
Date:
02/13/2026
Maverick Capital Management, LLC
Signature:
/s/ Trevor Wiessmann*
Name/Title:
Lee S. Ainslie III, Manager
Date:
02/13/2026
Lee S. Ainslie III
Signature:
/s/ Trevor Wiessmann*
Name/Title:
Lee S. Ainslie III
Date:
02/13/2026
Comments accompanying signature: *Under Power of Attorney, dated March 15, 2018
What stake in Peabody Energy (BTU) does Maverick Capital report in this 13G/A?
Maverick Capital and related reporting persons report beneficial ownership of 4,067,173 shares of Peabody Energy common stock, representing 3.3% of the outstanding class. These shares are held across several Maverick-advised funds and separately managed accounts.
Who are the reporting persons in Maverick Capital’s Peabody Energy (BTU) Schedule 13G/A?
The filing is made on behalf of Maverick Capital, Ltd., Maverick Capital Management, LLC, and Lee S. Ainslie III. Maverick is the investment adviser, Maverick Capital Management is its general partner, and Mr. Ainslie manages Maverick Capital Management and is Maverick’s managing partner.
How much of Peabody Energy’s (BTU) share class does Maverick Capital’s position represent?
The reported holding represents 3.3% of Peabody Energy’s common stock. This percentage is calculated using 123,000,000 outstanding shares of Peabody common stock, as disclosed by the company in an exhibit to a Form 8-K.
How are Maverick Capital’s Peabody Energy (BTU) shares distributed among its funds?
The filing lists specific vehicles: Maverick Fund USA, Ltd. (812,531 shares), Maverick Fund II, Ltd. (851,803), Maverick Long Enhanced Fund, Ltd. (914,272), Maverick HP, L.P. (931,045), Maverick Long Fund, Ltd. (350,066), plus separately managed accounts holding 207,456 shares.
Does Maverick Capital seek control of Peabody Energy (BTU) with this stake?
The certification explicitly states the securities were not acquired and are not held for changing or influencing control of Peabody Energy. They are also not held in connection with any control-related transaction, apart from activities tied to certain nomination rules.
What voting and dispositive powers does Maverick Capital report over Peabody Energy (BTU) shares?
The reporting persons show 0 shares with sole voting or dispositive power and 4,067,173 shares with shared voting and shared dispositive power. This reflects Maverick’s investment discretion over client accounts rather than direct sole ownership.
