Venu Holding Corp (VENU)

NYSE · Common Stock · Services-Amusement & Recreation Services

One email a week from me: what it filed, which 13F holders added or cut, where its scores stand. Free.

Corporate structure

33 entities across 3 jurisdictions. Read directly from the company’s own 10-K EX-21 filed 2026-03-31 — see the exhibit.

Which other public companies file entities in the same places:

Subsidiaries of Venu Holding Corp as disclosed in its SEC filing
Entity	Jurisdiction	Note
Bourbon Brothers Holdings LLC ("BBH")	Colorado
Bourbon Brothers Smokehouse and Tavern CS, LLC ("BBST")	Colorado
Bourbon Brothers Presents, LLC d/b/a Phil Long Music Hall ("BBP")	Colorado
Bourbon Brothers Smokehouse and Tavern GA, LLC ("BBSTGA")	Georgia
Bourbon Brothers Presents GA, LLC ("BBPGA")	Georgia
Notes Holding Company, LLC ("NH")	Colorado
Notes, LLC d/b/a Notes ("Notes")	Colorado
Sunset Amphitheater, LLC ("Sunset") *	Colorado
Hospitality Income & Asset, LLC ("HIA") *	Colorado
Bourbon Brothers Licensing, LLC ("BBL")	Colorado
GA HIA, LLC ("GAHIA") *	Colorado
Notes Live Real Estate, LLC ("NotesRE")	Colorado
Roth’s Sea & Steak, LLC ("Roth Sea")	Colorado
Sunset Operations, LLC ("SunsetOps")	Colorado
Sunset Hospitality Collection, LLC ("SHC") *	Colorado
Notes Hospitality Collection, LLC ("NHC")	Colorado
Sunset at Broken Arrow, LLC ("BA") *	Colorado
Sunset at Mustang Creek, LLC ("MC") *	Colorado
Sunset at McKinney, LLC ("MK") *	Colorado
Sunset Operations at McKinney, LLC ("McKinneyOps")	Colorado
Sunset at El Paso, LLC ("EP") *	Colorado
Sunset Operations at El Paso, LLC ("EPOps")	Colorado
Polaris Pointe Parking, LLC ("PPP")	Colorado
Venu Income, LLC ("Income")	Colorado
Venu VIP Rides, LLC ("Rides") *	Colorado
Notes CS I, DST ("Trust") *	Delaware
Notes CS I Holdings, LLC ("Holdings LLC")*	Colorado
Notes CS I ST, LLC ("Signatory")*	Colorado
Venu LuxeSuite Holdings, LLC ("Luxe")	Colorado
Venu 280, LLC ("Artist 280")*	Colorado
Venu Presents LLC ("Venu Presents")*	Colorado
Sunset at Houston in Webster, LLC ("Sunset Houston") *	Colorado
Hall at Centennial LLC ("Centennial") *	Colorado

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

3 / 8

FAILReturn on assets positiveROA -11.9%
PASSOperating cash flow positiveOCF 8M
PASSReturn on assets improving-17.0% → -11.9%
PASSCash flow exceeds earningsOCF 8M vs NI -44M
FAILLong-term debt ratio falling7.9% → 15.3% of assets
FAILCurrent ratio improving1.59 → 0.77
FAILNo share dilution12M → 40M shares
FAILGross margin improvingno gross profit reported
FAILAsset turnover improving0.10× → 0.05×

Six-year record

Year	Revenue	Net income	Free cash flow	Gross margin	Shares
FY2023	$12.6M	−$10.5M	−$36.0M	—	—
FY2024	$17.8M	−$30.3M	−$68.7M	—	11,642,944
FY2025	$17.9M	−$44.1M	−$134.0M	—	39,981,214

Ownership flow

1 institutions tracked — 1 added, 0 reduced.

Institutional holders of Venu Holding Corp and their share-count change
Manager	Kind	Shares	Change	Value
GEODE CAPITAL MANAGEMENT, LLC	Index	1,194,802	+845,711	$2.7M

From 13F filings, which cover institutions managing over $100m and are filed up to 45 days after the quarter ends — so this is a considered position, not a live one, and it is not the whole shareholder register.

Identity

CIK: 0001770501
FIGI: BBG01KFG8860
SIC: 7900 · Services-Amusement & Recreation Services
Incorporated: CO
Headquarters: COLORADO SPRINGS, CO

Ownership

Institutional: 38.9%
Institutions: 116
Insiders: 25.0%

Ownership percentages are a vendor aggregate, not a filing — unlike everything else on this page.

Other services-amusement & recreation services companies

Venu Holding Corp files under SIC 7900 — all 8 services-amusement & recreation services companies compared on assets and F-score.

Live Nation Entertainment, Inc.LYV TKO Group Holdings, Inc.TKO Warner Music Group Corp.WMG Six Flags Entertainment Corporation/NEWFUN Accel Entertainment, Inc.ACEL Reservoir Media, Inc.RSVR

Questions about Venu Holding Corp

How many subsidiaries does Venu Holding Corp file with the SEC?: 33, listed in its most recent exhibit 21. They are incorporated across 3 jurisdictions (Colorado, Georgia, Delaware). That exhibit is filed with the company's annual report and is the company's own list, not an estimate.
Is Venu Holding Corp financially healthy?: Venu Holding Corp scores 3 out of 8 on the Piotroski F-score. Only 8 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.
Who are the largest institutional holders of Venu Holding Corp?: Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are GEODE CAPITAL MANAGEMENT, LLC (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

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Sourced from SEC EDGAR primary filings. Figures are as reported by the company and are not investment advice. Scores are standard published screens computed from those filings; every input is shown above so you can check the arithmetic.

Corporate structure

33 entities across 3 jurisdictions. Read directly from the company’s own 10-K EX-21 filed 2026-03-31 — see the exhibit.

Which other public companies file entities in the same places:

Colorado30 Georgia2 Delaware1

Entity

Jurisdiction

Note

Bourbon Brothers Holdings LLC ("BBH")

Colorado

Bourbon Brothers Smokehouse and Tavern CS, LLC ("BBST")

Colorado

Bourbon Brothers Presents, LLC d/b/a Phil Long Music Hall ("BBP")

Colorado

Bourbon Brothers Smokehouse and Tavern GA, LLC ("BBSTGA")

Georgia

Bourbon Brothers Presents GA, LLC ("BBPGA")

Georgia

Notes Holding Company, LLC ("NH")

Colorado

Notes, LLC d/b/a Notes ("Notes")

Colorado

Sunset Amphitheater, LLC ("Sunset") *

Colorado

Hospitality Income & Asset, LLC ("HIA") *

Colorado

Bourbon Brothers Licensing, LLC ("BBL")

Colorado

GA HIA, LLC ("GAHIA") *

Colorado

Notes Live Real Estate, LLC ("NotesRE")

Colorado

Roth’s Sea & Steak, LLC ("Roth Sea")

Colorado

Sunset Operations, LLC ("SunsetOps")

Colorado

Sunset Hospitality Collection, LLC ("SHC") *

Colorado

Notes Hospitality Collection, LLC ("NHC")

Colorado

Sunset at Broken Arrow, LLC ("BA") *

Colorado

Sunset at Mustang Creek, LLC ("MC") *

Colorado

Sunset at McKinney, LLC ("MK") *

Colorado

Sunset Operations at McKinney, LLC ("McKinneyOps")

Colorado

Sunset at El Paso, LLC ("EP") *

Colorado

Sunset Operations at El Paso, LLC ("EPOps")

Colorado

Polaris Pointe Parking, LLC ("PPP")

Colorado

Venu Income, LLC ("Income")

Colorado

Venu VIP Rides, LLC ("Rides") *

Colorado

Notes CS I, DST ("Trust") *

Delaware

Notes CS I Holdings, LLC ("Holdings LLC")*

Colorado

Notes CS I ST, LLC ("Signatory")*

Colorado

Venu LuxeSuite Holdings, LLC ("Luxe")

Colorado

Venu 280, LLC ("Artist 280")*

Colorado

Venu Presents LLC ("Venu Presents")*

Colorado

Sunset at Houston in Webster, LLC ("Sunset Houston") *

Colorado

Hall at Centennial LLC ("Centennial") *

Colorado

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

3 / 8

FAILReturn on assets positiveROA -11.9%
PASSOperating cash flow positiveOCF 8M
PASSReturn on assets improving-17.0% → -11.9%
PASSCash flow exceeds earningsOCF 8M vs NI -44M
FAILLong-term debt ratio falling7.9% → 15.3% of assets
FAILCurrent ratio improving1.59 → 0.77
FAILNo share dilution12M → 40M shares
FAILGross margin improvingno gross profit reported
FAILAsset turnover improving0.10× → 0.05×

Year

Revenue

Net income

Free cash flow

Gross margin

FY2023

$12.6M

−$10.5M

−$36.0M

—

FY2024

$17.8M

−$30.3M

−$68.7M

—

11,642,944

FY2025

$17.9M

−$44.1M

−$134.0M

—

39,981,214

Ownership flow

1 institutions tracked — 1 added, 0 reduced.

Institutional holders of Venu Holding Corp and their share-count change
Manager	Kind	Shares	Change	Value
GEODE CAPITAL MANAGEMENT, LLC	Index	1,194,802	+845,711	$2.7M

Questions about Venu Holding Corp

How many subsidiaries does Venu Holding Corp file with the SEC?

33, listed in its most recent exhibit 21. They are incorporated across 3 jurisdictions (Colorado, Georgia, Delaware). That exhibit is filed with the company's annual report and is the company's own list, not an estimate.

Is Venu Holding Corp financially healthy?

Venu Holding Corp scores 3 out of 8 on the Piotroski F-score. Only 8 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.

Who are the largest institutional holders of Venu Holding Corp?

Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are GEODE CAPITAL MANAGEMENT, LLC (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.