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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
+32.36%
1 Year Est. Return
+77.4%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$92.1M
AUM Growth
+$44.9M
(+95%)
Cap. Flow
+$30.1M
Cap. Flow
% of AUM
32.72%
Top 10 Holdings %
Top 10 Hldgs %
83.9%
Holding
20
New
15
Increased
1
Reduced
2
Closed
2
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
IMSR
Terrestrial Energy
IMSR
|
+$11.4M |
| 2 |
Spire
SR
|
+$9.23M |
| 3 |
TLN
Talen Energy Corp
TLN
|
+$9.15M |
| 4 |
GLXY
Galaxy Digital Inc
GLXY
|
+$7.92M |
| 5 |
HTO
H2O America
HTO
|
+$5.01M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TXNM
TXNM Energy Inc
TXNM
|
+$26.5M |
| 2 |
TeraWulf
WULF
|
+$4.09M |
| 3 |
Vistra
VST
|
+$3.26M |
| 4 |
Cipher Digital
CIFR
|
+$1.91M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Utilities | 70.24% |
| 2 | Financials | 18.67% |
| 3 | Technology | 7.08% |
| 4 | Energy | 2.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
IMSR
1
Terrestrial Energy
IMSR
$541M
| $11.4M | 12.39% |
+1,027,934
| New | +$11.4M |
|
|
TLN
2
Talen Energy Corp
TLN
$16.5B
| $11.2M | 12.17% |
+38,550
| New | +$9.15M |
|
|
3
Spire
SR
$4.72B
| $9M | 9.77% |
+123,300
| New | +$9.23M |
|
|
HUT
4
Hut 8
HUT
$12.7B
| $8.65M | 9.39% |
464,992
+22,680
| +5% | +$338K |
|
|
GLXY
5
Galaxy Digital Inc
GLXY
$4.19B
| $8.55M | 9.28% |
+390,248
| New | +$7.92M |
|
|
6
Vistra
VST
$52.3B
| $8.39M | 9.11% |
43,304
-22,061
| -34% | -$3.26M |
|
7
UGI
UGI
$7.78B
| $5.28M | 5.73% |
+144,845
| New | +$4.98M |
|
|
8
Cipher Digital
CIFR
$10.3B
| $4.98M | 5.41% |
1,042,379
-589,548
| -36% | -$1.91M |
|
|
HTO
9
H2O America
HTO
$2.57B
| $4.9M | 5.32% |
+94,266
| New | +$5.01M |
|
|
OKLO
10
Oklo
OKLO
$7.3B
| $4.9M | 5.32% |
+87,474
| New | +$3.37M |
|
11
AES
AES
$10.5B
| $4.46M | 4.85% |
+424,291
| New | +$4.54M |
|
12
Portland General Electric
POR
$5.91B
| $3.45M | 3.74% |
+84,800
| New | +$3.56M |
|
13
Petrobras
PBR
$123B
| $2.03M | 2.2% |
+162,000
| New | +$1.94M |
|
14
Core Scientific
CORZ
$7.37B
| $1.54M | 1.67% |
+90,267
| New | +$903K |
|
15
NextEra Energy
NEE
$180B
| $1.03M | 1.12% |
+14,896
| New | +$1.03M |
|
|
16
CALL
AES
AES
$10.5B
| $947K | 1.03% |
+90,000
| New | +$963K |
|
17
GeoPark
GPRK
$622M
| $709K | 0.77% |
+108,800
| New | +$744K |
|
|
EDN
18
Edenor
EDN
$1.18B
| $660K | 0.72% |
+24,900
| New | +$775K |
|
|
19
TeraWulf
WULF
$9.44B
| – | – |
-1,497,868
| Closed | -$4.09M |
|
|
TXNM
20
TXNM Energy Inc
TXNM
$6.37B
| – | – |
-495,727
| Closed | -$26.5M |
|
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Vennlight Capital Management's Q2 2025 Portfolio in Review
As of Q2 2025, Vennlight Capital Management held 20 positions worth $92.1M, up 95% from $47.2M the previous quarter. Its ten largest holdings account for 84% of the portfolio.
Vennlight Capital Management deployed $30.1M of net new capital in Q2 2025, opening 15 new positions and adding to 1 existing holding. Its largest new stake was Terrestrial Energy: 1,027,934 shares worth $11.4M.
By sector, the portfolio is most concentrated in Utilities at 70% of assets, down from 72% a quarter earlier, followed by Financials and Technology.
On the sell side, the largest reduction was Vistra, an estimated $3.26M trimmed.
- Vennlight Capital Management's largest Q2 2025 buy was Terrestrial Energy: 1,027,934 shares worth $11.4M.
- Vennlight Capital Management added most to Hut 8 in Q2 2025, an estimated $338K increase.
- Vennlight Capital Management's biggest Q2 2025 reduction was Vistra, cutting an estimated $3.26M.
- Vennlight Capital Management fully exited TXNM Energy Inc in Q2 2025, selling an estimated $26.5M.
- Vennlight Capital Management's ten largest holdings make up 84% of its $92.1M portfolio in Q2 2025.
- Vennlight Capital Management opened 15 new positions and closed 2 in Q2 2025.
- Vennlight Capital Management's portfolio value rose 95% quarter-over-quarter to $92.1M.
Based on Vennlight Capital Management's 13F filing for Q2 2025, filed 14 Aug 2025.