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VCM
Vennlight Capital Management Portfolio holdings
AUM
$99M
1-Year Est. Return
77.4%
This Fund
S&P 500
This Quarter
Est. Return
-3.89%
1 Year Est. Return
+77.4%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$94.5M
AUM Growth
+$17.7M
(+23%)
Cap. Flow
+$38.2M
Cap. Flow
% of AUM
40.46%
Top 10 Holdings %
Top 10 Hldgs %
62.1%
Holding
46
New
21
Increased
4
Reduced
3
Closed
18
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Xcel Energy
XEL
|
+$9.96M |
| 2 |
Ferrovial N.V. Ordinary Shares
FER
|
+$7.4M |
| 3 |
DGXX
Digi Power X Inc
DGXX
|
+$6.57M |
| 4 |
GeoPark
GPRK
|
+$5.78M |
| 5 |
Chesapeake Utilities
CPK
|
+$5.75M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NuScale Power
SMR
|
+$6.93M |
| 2 |
IMSR
Terrestrial Energy
IMSR
|
+$6.68M |
| 3 |
PG&E
PCG
|
+$6.08M |
| 4 |
Vistra
VST
|
+$3.95M |
| 5 |
Energy Fuels
UUUU
|
+$3.69M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Utilities | 48.7% |
| 2 | Industrials | 14.62% |
| 3 | Financials | 11.41% |
| 4 | Technology | 9.73% |
| 5 | Energy | 6.19% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
PUT
Fluence Energy
FLNC
$2.44B
| $989K | 1.05% |
+50,000
| New | +$942K |
|
27
CALL
TeraWulf
WULF
$8.52B
| $661K | 0.7% |
+57,500
| New | +$771K |
|
28
CALL
Iris Energy
IREN
$14.7B
| $604K | 0.64% |
+16,000
| New | +$825K |
|
29
Constellation Energy
CEG
$95.6B
| – | – |
-6,365
| Closed | -$2.09M |
|
30
CMS Energy
CMS
$22.3B
| – | – |
-31,917
| Closed | -$2.34M |
|
31
Core Scientific
CORZ
$6.75B
| – | – |
-150,000
| Closed | -$2.69M |
|
32
Clearway Energy Class C
CWEN
$6.7B
| – | – |
-96,950
| Closed | -$2.74M |
|
33
Emerson Electric
EMR
$88.3B
| – | – |
-16,800
| Closed | -$2.2M |
|
34
Eversource Energy
ES
$27.2B
| – | – |
-15,300
| Closed | -$1.09M |
|
35
Evergy
EVRG
$19.2B
| – | – |
-27,300
| Closed | -$2.08M |
|
|
HUT
36
Hut 8
HUT
$10.9B
| – | – |
-57,691
| Closed | -$2.01M |
|
37
Strategy Inc
MSTR
$38.4B
| – | – |
-6,317
| Closed | -$2.04M |
|
38
MasTec
MTZ
$21.9B
| – | – |
-14,556
| Closed | -$3.1M |
|
39
NRG Energy
NRG
$24.8B
| – | – |
-12,500
| Closed | -$2.02M |
|
|
40
PG&E
PCG
$38.5B
| – | – |
-403,105
| Closed | -$6.08M |
|
41
Riot Platforms
RIOT
$7.76B
| – | – |
-56,600
| Closed | -$1.08M |
|
|
42
NuScale Power
SMR
$4.03B
| – | – |
-192,406
| Closed | -$6.93M |
|
43
Sempra
SRE
$54.8B
| – | – |
-12,000
| Closed | -$1.08M |
|
|
44
Energy Fuels
UUUU
$3.53B
| – | – |
-240,500
| Closed | -$3.69M |
|
|
45
Vistra
VST
$47.4B
| – | – |
-20,180
| Closed | -$3.95M |
|
|
IMSR
46
Terrestrial Energy
IMSR
$617M
| – | – |
-500,000
| Closed | -$6.68M |
|
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Vennlight Capital Management's Q4 2025 Portfolio in Review
As of Q4 2025, Vennlight Capital Management held 46 positions worth $94.5M, up 23% from $76.9M the previous quarter. Its ten largest holdings account for 62% of the portfolio.
Vennlight Capital Management deployed $38.2M of net new capital in Q4 2025, opening 21 new positions and adding to 4 existing holdings. Its largest new stake was Ferrovial N.V. Ordinary Shares: 116,990 shares worth $7.49M.
By sector, the portfolio is most concentrated in Utilities at 49% of assets, down from 58% a quarter earlier, followed by Industrials and Financials.
On the sell side, the largest reduction was Talen Energy Corp, an estimated $3.27M trimmed.
- Vennlight Capital Management's largest Q4 2025 buy was Ferrovial N.V. Ordinary Shares: 116,990 shares worth $7.49M.
- Vennlight Capital Management added most to Xcel Energy in Q4 2025, an estimated $9.96M increase.
- Vennlight Capital Management's biggest Q4 2025 reduction was Talen Energy Corp, cutting an estimated $3.27M.
- Vennlight Capital Management fully exited NuScale Power in Q4 2025, selling an estimated $6.93M.
- Vennlight Capital Management's ten largest holdings make up 62% of its $94.5M portfolio in Q4 2025.
- Vennlight Capital Management opened 21 new positions and closed 18 in Q4 2025.
- Vennlight Capital Management's portfolio value rose 23% quarter-over-quarter to $94.5M.
Based on Vennlight Capital Management's 13F filing for Q4 2025, filed 17 Feb 2026.