NRG ENERGY, INC.

**Signal Note: Eventide Values-Based Fund Enters NRG Energy** This position initiation is notable given Eventide's typically narrow biotech/healthcare focus—NRG Energy (coal/natural gas utility) sits outside their traditional mandate, suggesting either a significant portfolio strategy shift or potential ESG-driven energy transition thesis. The $495K position size is modest relative to typical biotech allocations, warranting clarification on whether this represents a thematic bet on energy-health intersections or signals portfolio diversification away from concentrated biotech exposure.