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VCM
Vennlight Capital Management Portfolio holdings
AUM
$149M
Turnover
68.42%
1-Year Est. Return
53.36%
This Fund
S&P 500
This Quarter Est. Return
+2.42%
1 Year Est. Return
+53.36%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$99M
AUM Growth
+$4.44M
(+4.7%)
Cap. Flow
+$15.6M
Cap. Flow % of AUM
Cap. Flow %
15.77%
Top 10 Holdings %
Top 10 Hldgs %
77.81%
Holding
39
New
11
Increased
5
Reduced
2
Closed
21
Avg Time Held
Equity + Options
0.1
years
Top 10 Avg Time Held
Equity + Options
0.1
years
Top 20 Avg Time Held
Equity + Options
0.1
years
Avg Time Held Equity only
0.1
years
Top 10 Avg Time Held Equity only
0.1
years
Top 20 Avg Time Held Equity only
0.1
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
H2O America
HTO
|
+$8.83M |
| 2 |
Pampa Energía
PAM
|
+$8.79M |
| 3 |
Transportadora de Gas del Sur
TGS
|
+$8.42M |
| 4 |
SOLV Energy Inc
MWH
|
+$8.09M |
| 5 |
CleanSpark
CLSK
|
+$6.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Xcel Energy
XEL
|
+$11.2M |
| 2 |
GeoPark
GPRK
|
+$5.85M |
| 3 |
Chesapeake Utilities
CPK
|
+$5.44M |
| 4 |
Alliant Energy
LNT
|
+$4.65M |
| 5 |
Cipher Digital
CIFR
|
+$4.34M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Utilities | 38.88% |
| 2 | Industrials | 22.65% |
| 3 | Financials | 16.83% |
| 4 | Energy | 16.37% |
| 5 | Technology | 5.27% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Ferrovial N.V. Ordinary Shares
FER
$35.6B
| $13M | 13.18% |
202,390
+85,400
| +73% | +$5.75M |
2025 Q4
1 quarter
|
|
|
2
H2O America
HTO
$2.41B
| $9.5M | 9.62% |
+162,217
| New | +$8.83M |
2026 Q1
0 quarters
|
|
|
3
Transportadora de Gas del Sur
TGS
$3.93B
| $9.48M | 9.58% |
+274,049
| New | +$8.42M |
2026 Q1
0 quarters
|
|
|
4
Pampa Energía
PAM
$4.35B
| $9.38M | 9.48% |
+105,963
| New | +$8.79M |
2026 Q1
0 quarters
|
|
|
5
SOLV Energy Inc
MWH
$4.85B
| $8.19M | 8.28% |
+272,818
| New | +$8.09M |
2026 Q1
0 quarters
|
|
6
BKV Corp
BKV
$2.51B
| $6.71M | 6.78% |
+235,363
| New | +$6.82M |
2026 Q1
0 quarters
|
|
7
Digi Power X Inc
DGXX
$266M
| $5.93M | 5.99% |
2,919,404
+1,166,096
| +67% | +$3.05M |
2025 Q4
1 quarter
|
|
|
8
CleanSpark
CLSK
$2.16B
| $5.49M | 5.55% |
+644,865
| New | +$6.9M |
2026 Q1
0 quarters
|
|
9
Entergy
ETR
$50.2B
| $5.06M | 5.11% |
45,000
+13,662
| +44% | +$1.37M |
2025 Q4
1 quarter
|
|
10
Galaxy Digital Inc
GLXY
$3.14B
| $4.2M | 4.25% |
227,889
+137,816
| +153% | +$3.28M |
2025 Q2
3 quarters
|
|
11
TeraWulf
WULF
$5.83B
| $3.72M | 3.76% |
258,133
-161,263
| -38% | -$2.39M |
2025 Q3
2 quarters
|
|
12
Terrestrial Energy
IMSR
$323M
| $3.46M | 3.49% |
+575,499
| New | +$4.56M |
2026 Q1
0 quarters
|
|
13
Hut 8
HUT
$8.35B
| $3.24M | 3.27% |
+69,001
| New | +$3.73M |
2026 Q1
0 quarters
|
|
14
Bitdeer Technologies
BTDR
$2.1B
| $3.12M | 3.15% |
360,442
+268,542
| +292% | +$2.82M |
2025 Q4
1 quarter
|
|
15
Eversource Energy
ES
$25.2B
| $2.81M | 2.84% |
+40,500
| New | +$2.86M |
2026 Q1
0 quarters
|
|
16
Enphase Energy
ENPH
$4.05B
| $2.1M | 2.12% |
+55,448
| New | +$2.3M |
2026 Q1
0 quarters
|
|
17
PG&E
PCG
$39.3B
| $2.1M | 2.12% |
+119,300
| New | +$2.03M |
2026 Q1
0 quarters
|
|
18
Terra Innovatum Global N.V.
NKLR
$272M
| $1.42M | 1.44% |
306,833
-314,707
| -51% | -$1.54M |
2025 Q4
1 quarter
|
|
19
AES
AES
$10.7B
| – | – |
-153,692
| Closed | -$2.2M | – |
|
20
Applied Digital
APLD
$5.46B
| – | – |
-76,037
| Closed | -$1.86M | – |
|
21
Bloom Energy
BE
$65.2B
| – | – |
-36,467
| Closed | -$3.17M | – |
|
22
Keel Infrastructure Corp
KEEL
$1.43B
| – | – |
-834,075
| Closed | -$1.96M | – |
|
23
BWX Technologies
BWXT
$12.6B
| – | – |
-12,350
| Closed | -$2.13M | – |
|
|
24
Cipher Digital
CIFR
$3.73B
| – | – |
-294,292
| Closed | -$4.34M | – |
|
|
25
Chesapeake Utilities
CPK
$3.34B
| – | – |
-43,586
| Closed | -$5.44M | – |
|
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Vennlight Capital Management's Q1 2026 Portfolio in Review
As of Q1 2026, Vennlight Capital Management held 39 positions worth $99M, up 4.7% from $94.5M the previous quarter. Its ten largest holdings account for 78% of the portfolio.
Vennlight Capital Management deployed $15.6M of net new capital in Q1 2026, opening 11 new positions and adding to 5 existing holdings. Its largest new stake was H2O America: 162,217 shares worth $9.5M.
By sector, the portfolio is most concentrated in Utilities at 39% of assets, down from 49% a quarter earlier, followed by Industrials and Financials.
On the sell side, the largest reduction was TeraWulf, an estimated $2.39M trimmed.
- Vennlight Capital Management's largest Q1 2026 buy was H2O America: 162,217 shares worth $9.5M.
- Vennlight Capital Management added most to Ferrovial N.V. Ordinary Shares in Q1 2026, an estimated $5.75M increase.
- Vennlight Capital Management's biggest Q1 2026 reduction was TeraWulf, cutting an estimated $2.39M.
- Vennlight Capital Management fully exited Xcel Energy in Q1 2026, selling an estimated $11.2M.
- Vennlight Capital Management's ten largest holdings make up 78% of its $99M portfolio in Q1 2026.
- Vennlight Capital Management opened 11 new positions and closed 21 in Q1 2026.
- Vennlight Capital Management's portfolio value rose 4.7% quarter-over-quarter to $99M.
Based on Vennlight Capital Management's 13F filing for Q1 2026, filed 15 May 2026.