Vennlight Capital Management, LP — Q4 2025 13F Holdings

Name: Vennlight Capital Management, LP — 13F Holdings, Q4 2025
Creator: AlphaSMO
License: https://www.sec.gov/forms

CIK: 0002013462

Total reported value

$99.0M

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Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	XEL	Xcel Energy INC	Stock-Utilities	11.90%	-11.90%	EXIT
2	✓	Ferrovial Se	Stock-Other	7.92%	+5.26%	—
3	IMSR	Terrestrial Energy INC	Stock-Other	6.97%	-3.48%	—
4	GPRK	GeoPark Limited	Stock-Other	6.19%	-6.19%	EXIT
5	WULF	Terawulf INC	Stock-Financials	5.80%	-2.04%	+172.32%
6	CPK	Chesapeake Utilities CORP	Stock-Other	5.75%	-5.75%	EXIT
7	LNT	Alliant Energy CORP	Stock-Utilities	4.92%	-4.92%	EXIT
8	DGXX	Digi Power X INC	Stock-Other	4.73%	+1.26%	—
9	CIFR	Cipher Digital INC	Stock-Tech	4.60%	-4.60%	EXIT
10	IDA	Idacorp INC	Stock-Utilities	4.03%	-4.03%	EXIT
11	NI	Nisource INC	Stock-Utilities	4.02%	-4.02%	EXIT
12	BE	Bloom Energy Corp- A	Stock-Industrials	3.35%	-3.35%	EXIT
13	SR	Spire INC	Stock-Utilities	3.15%	-3.15%	EXIT
14	ETR	Entergy CORP	Stock-Utilities	3.06%	+2.05%	—
15	✓		Stock-Other	3.04%	-1.60%	—
16	IREN	Iren LTD F	Stock-Other	2.75%	-2.75%	EXIT
17	AES	Aes CORP	Stock-Utilities	2.33%	-2.33%	EXIT
18	BWXT	Bwx Technologies INC	Stock-Industrials	2.26%	-2.26%	EXIT
19	GLXY	Galaxy Digital Inc-a	Stock-Other	2.13%	+2.12%	+6.60%
20	1B2	Bitfarms Ltd/canada	Stock-Other	2.07%	-2.07%	EXIT
21	HIVE	Hive Digital Technologies Lt	Stock-Other	2.07%	-2.07%	EXIT
22	APLD	Applied Digital CORP	Stock-Tech	1.97%	-1.97%	EXIT
23	TLN	Talen Energy CORP	Stock-Utilities	1.76%	-1.76%	EXIT
24	✓	Bitdeer Technologies Group	Stock-Other	1.09%	+2.06%	—
25	ETN	Eaton Corporation plc	Stock-Industrials	1.09%	-1.09%	EXIT
26	FLNC	Fluence Energy INC	Stock-Other	1.05%	-1.05%	EXIT

Holding changes this quarter

Position changes disclosed by Vennlight Capital Management, LP for the quarter ending Q4 2025, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	XEL	Xcel Energy INC	+9.2%	+487.80%	Add
2	WULF	Terawulf INC	+3.2%	+172.32%	Add
3	CIFR	Cipher Digital INC	+3.2%	+237.49%	Add
4	GLXY	Galaxy Digital Inc-a	-1.6%	+6.60%	Add
5	APLD	Applied Digital CORP	-1.8%	-39.17%	Trim
6	AES	Aes CORP	-4.3%	-60.06%	Trim
7	TLN	Talen Energy CORP	-5.4%	-65.49%	Trim
8	✓	Hcm Ii Acquisition CORP	—	EXIT	Sold out
9	✓	Ferrovial Se	—	NEW	New buy
10	SMR	Nuscale Power CORP	—	EXIT	Sold out
11	IMSR	Terrestrial Energy INC	—	NEW	New buy
12	PCG	P G & E CORP	—	EXIT	Sold out
13	GPRK	GeoPark Limited	—	NEW	New buy
14	CPK	Chesapeake Utilities CORP	—	NEW	New buy
15	LNT	Alliant Energy CORP	—	NEW	New buy
16	DGXX	Digi Power X INC	—	NEW	New buy
17	VST	Vistra CORP	—	EXIT	Sold out
18	IDA	Idacorp INC	—	NEW	New buy
19	NI	Nisource INC	—	NEW	New buy
20	UUUU	Energy Fuels INC	—	EXIT	Sold out
21	BE	Bloom Energy Corp- A	—	NEW	New buy
22	MTZ	Mastec INC	—	EXIT	Sold out
23	SR	Spire INC	—	NEW	New buy
24	ETR	Entergy CORP	—	NEW	New buy
25	✓		—	NEW	New buy
26	CWEN	Clearway Energy Inc-c	—	EXIT	Sold out
27	CORZ	Core Scientific INC	—	EXIT	Sold out
28	IREN	Iren LTD F	—	NEW	New buy
29	CMS	Cms Energy CORP	—	EXIT	Sold out
30	EMR	Emerson Electric Co	—	EXIT	Sold out
31	BWXT	Bwx Technologies INC	—	NEW	New buy
32	CEG	Constellation Energy	—	EXIT	Sold out
33	EVRG	Evergy INC	—	EXIT	Sold out
34	MSTR	Strategy INC	—	EXIT	Sold out
35	NRG	Nrg Energy INC	—	EXIT	Sold out
36	HUT	Hut 8 CORP	—	EXIT	Sold out
37	1B2	Bitfarms Ltd/canada	—	NEW	New buy
38	HIVE	Hive Digital Technologies Lt	—	NEW	New buy
39	ES	Eversource Energy	—	EXIT	Sold out
40	SRE	Sempra	—	EXIT	Sold out
41	RIOT	Riot Platforms INC	—	EXIT	Sold out
42	✓	Bitdeer Technologies Group	—	NEW	New buy
43	ETN	Eaton Corporation plc	—	NEW	New buy
44	FLNC	Fluence Energy INC	—	NEW	New buy