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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 | |
|---|---|---|---|---|---|---|
|
1
Xcel Energy
XEL
$51B
| $11.2M | 11.9% |
152,239
+126,339
| +488% | +$9.96M |
|
|
2
Ferrovial N.V. Ordinary Shares
FER
$45.3B
| $7.49M | 7.92% |
+116,990
| New | +$7.4M |
|
|
IMSR
3
CALL
Terrestrial Energy
IMSR
$517M
| $6.58M | 6.97% |
+1,077,500
| New | +$14.4M |
|
|
4
GeoPark
GPRK
$649M
| $5.85M | 6.19% |
+789,978
| New | +$5.78M |
|
|
5
Chesapeake Utilities
CPK
$3.26B
| $5.44M | 5.75% |
+43,586
| New | +$5.75M |
|
6
TeraWulf
WULF
$9.15B
| $4.82M | 5.1% |
419,396
+244,270
| +139% | +$3.27M |
|
7
Alliant Energy
LNT
$19.4B
| $4.65M | 4.92% |
+71,500
| New | +$4.79M |
|
|
DGXX
8
Digi Power X Inc
DGXX
$360M
| $4.47M | 4.73% |
+1,753,308
| New | +$6.57M |
|
9
Cipher Digital
CIFR
$9.47B
| $4.34M | 4.6% |
294,292
+207,092
| +237% | +$3.66M |
|
10
Idacorp
IDA
$8.23B
| $3.81M | 4.03% |
+30,100
| New | +$3.92M |
|
11
NiSource
NI
$22.4B
| $3.8M | 4.02% |
+91,024
| New | +$3.89M |
|
12
Bloom Energy
BE
$52.6B
| $3.17M | 3.35% |
+36,467
| New | +$3.83M |
|
13
Spire
SR
$4.92B
| $2.98M | 3.15% |
+36,000
| New | +$3.07M |
|
14
Entergy
ETR
$54.1B
| $2.9M | 3.06% |
+31,338
| New | +$2.97M |
|
|
NKLR
15
Terra Innovatum Global N.V.
NKLR
$558M
| $2.87M | 3.04% |
+621,540
| New | +$4.36M |
|
16
AES
AES
$10.6B
| $2.2M | 2.33% |
153,692
-231,122
| -60% | -$3.26M |
|
17
BWX Technologies
BWXT
$16B
| $2.13M | 2.26% |
+12,350
| New | +$2.32M |
|
|
GLXY
18
Galaxy Digital Inc
GLXY
$4.34B
| $2.01M | 2.13% |
90,073
+5,573
| +7% | +$173K |
|
19
Iris Energy
IREN
$13.2B
| $1.99M | 2.11% |
+52,749
| New | +$2.72M |
|
|
KEEL
20
Keel Infrastructure Corp
KEEL
$2.57B
| $1.96M | 2.07% |
+834,075
| New | +$2.85M |
|
|
HIVE
21
HIVE Digital Technologies
HIVE
$792M
| $1.96M | 2.07% |
+758,683
| New | +$3.21M |
|
22
Applied Digital
APLD
$7.77B
| $1.86M | 1.97% |
76,037
-48,963
| -39% | -$1.41M |
|
|
TLN
23
Talen Energy Corp
TLN
$17.2B
| $1.66M | 1.76% |
4,440
-8,425
| -65% | -$3.27M |
|
24
Bitdeer Technologies
BTDR
$2.81B
| $1.03M | 1.09% |
+91,900
| New | +$1.48M |
|
25
Eaton
ETN
$157B
| $1.03M | 1.09% |
+3,225
| New | +$1.14M |
|
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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.