SCHEDULE: Ameriprise, Columbia Management Disclose 5.4% Vermilion Energy Stake

Ameriprise Financial and its subsidiary Columbia Management Investment Advisers have disclosed a 5.4% beneficial ownership stake in Vermilion Energy Inc. as of December 31, 2025.

Summary

• Ameriprise Financial, Inc. and its subsidiary, Columbia Management Investment Advisers, LLC, collectively reported beneficial ownership of 8,197,506 shares of Vermilion Energy Inc. common stock.
• This aggregate ownership represents 5.4% of Vermilion Energy Inc.'s outstanding common stock.
• The reporting entities hold shared voting power over 7,660,035 shares and shared dispositive power over 8,197,506 shares (Ameriprise) and 8,197,441 shares (Columbia Management).
• The stake was acquired and is held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.
• The filing was made under Rule 13d-1(b), indicating the reporting persons are institutional investors.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this disclosure as moderately positive, as it indicates a significant vote of confidence from major institutional investors in Vermilion Energy Inc. without any stated intent to influence control, suggesting a belief in the company's intrinsic value.

Positives

• The disclosure of a significant 5.4% stake by major institutional investors like Ameriprise Financial and Columbia Management can be interpreted as a vote of confidence in Vermilion Energy Inc.'s current valuation and future prospects.
• Institutional ownership often brings increased scrutiny and potentially more stable long-term investment, which can be beneficial for the company's stock performance.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding Vermilion Energy Inc.'s future performance or operations.

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."

Industry Context

StockSavvy.ai notes that significant institutional investment in energy companies like Vermilion Energy Inc. often reflects a strategic long-term view on commodity prices, energy demand, or the company's specific operational strengths within the sector. This stake by Ameriprise and Columbia Management could signal a belief in the stability or growth potential of Vermilion's oil and gas assets amidst broader industry trends.

Comparison to Industry Standards

• A 5.4% beneficial ownership stake by a major financial institution is a notable position, often exceeding the average passive institutional holding in many publicly traded companies. For instance, while many funds hold smaller, diversified positions, a 5%+ stake indicates a more concentrated or strategic interest.
• Compared to activist investors who might take similar or larger stakes to influence management, Ameriprise and Columbia Management's certification explicitly states the stake is for ordinary course of business, aligning with typical passive institutional investment strategies rather than activist ones.

Stakeholder Impact

• Shareholders: The presence of a large institutional investor can lend credibility and stability to the stock, potentially attracting other investors and influencing trading liquidity.
• Company Management: While the filing states no intent to influence control, significant institutional ownership can lead to increased engagement from investors on corporate governance and strategic decisions over time.

Next Steps

• Ameriprise Financial, Inc. and Columbia Management Investment Advisers, LLC will be required to file an amendment to this Schedule 13G if their beneficial ownership percentage significantly changes (e.g., increases or decreases by more than 1% of the class).

Key Dates

Keywords

Vermilion Energy Inc., Ameriprise Financial, Columbia Management Investment Advisers, VET, Common Stock, Beneficial Ownership, Institutional Investor, SEC Filing, Schedule 13G, Energy Sector