We are live on !
Find out more
Covalis Capital Portfolio holdings
AUM
$1.77B
Turnover
72%
1-Year Est. Return
26.68%
This Fund
S&P 500
This Quarter Est. Return
+6.44%
1 Year Est. Return
+26.68%
3 Year Est. Return
+37.9%
5 Year Est. Return
+23.2%
10 Year Est. Return
–
AUM
$1.77B
AUM Growth
+$147M
(+9%)
Cap. Flow
+$106M
Cap. Flow % of AUM
Cap. Flow %
5.96%
Top 10 Holdings %
Top 10 Hldgs %
41.77%
Holding
175
New
52
Increased
20
Reduced
28
Closed
74
Avg Time Held
Equity + Options
0.3
years
Top 10 Avg Time Held
Equity + Options
0.2
years
Top 20 Avg Time Held
Equity + Options
0.2
years
Avg Time Held Equity only
0.3
years
Top 10 Avg Time Held Equity only
0.2
years
Top 20 Avg Time Held Equity only
0.2
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ameren
AEE
|
+$69.6M |
| 2 |
Antero Resources
AR
|
+$63M |
| 3 |
PPL Corp
PPL
|
+$54.2M |
| 4 |
Cheniere Energy
LNG
|
+$47M |
| 5 |
American Electric Power
AEP
|
+$46.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
United Rentals
URI
|
+$79M |
| 2 |
Eaton
ETN
|
+$72.7M |
| 3 |
Whirlpool
WHR
|
+$53.2M |
| 4 |
Core Scientific
CORZ
|
+$44.9M |
| 5 |
RB Global
RBA
|
+$26M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Utilities | 32.59% |
| 2 | Energy | 24.02% |
| 3 | Consumer Discretionary | 14.63% |
| 4 | Industrials | 12.58% |
| 5 | Technology | 6.88% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
PG&E
PCG
$39.3B
| $148M | 8.33% |
8,772,024
+858,647
| +11% | +$14.4M |
2023 Q1
13 quarters
|
|
2
Black Hills Corp
BKH
$5.84B
| $110M | 6.22% |
1,481,404
-271,442
| -15% | -$20M |
2025 Q4
2 quarters
|
|
|
3
Antero Resources
AR
$11.9B
| $92.6M | 5.22% |
2,634,969
+1,711,161
| +185% | +$63M |
2025 Q4
2 quarters
|
|
|
4
Ameren
AEE
$29.4B
| $71.2M | 4.02% |
+629,746
| New | +$69.6M |
2026 Q2
0 quarters
|
|
5
Antero Midstream
AM
$9.8B
| $69M | 3.89% |
3,031,515
+2,046,353
| +208% | +$44.4M |
2026 Q1
1 quarter
|
|
|
6
PPL Corp
PPL
$26.5B
| $65M | 3.67% |
1,788,306
+1,468,012
| +458% | +$54.2M |
2026 Q1
1 quarter
|
|
7
EQT Corp
EQT
$34B
| $50.9M | 2.87% |
956,598
+636,679
| +199% | +$35.7M |
2026 Q1
1 quarter
|
|
|
8
American Electric Power
AEP
$69.2B
| $48M | 2.71% |
+350,872
| New | +$46.2M |
2026 Q2
0 quarters
|
|
|
9
Cheniere Energy
LNG
$59.8B
| $45.1M | 2.54% |
+188,557
| New | +$47M |
2026 Q2
0 quarters
|
|
10
CoreWeave
CRWV
$33.9B
| $40.8M | 2.3% |
+410,049
| New | +$44.3M |
2026 Q2
0 quarters
|
|
|
11
Core Scientific
CORZ
$4.33B
| $40M | 2.26% |
1,563,413
-1,908,616
| -55% | -$44.9M |
2025 Q4
2 quarters
|
|
12
Emera Inc
EMA
$14.7B
| $38.9M | 2.2% |
+734,477
| New | +$38.5M |
2026 Q2
0 quarters
|
|
13
BKV Corp
BKV
$2.51B
| $38.7M | 2.18% |
1,414,178
+809,967
| +134% | +$22.3M |
2025 Q4
2 quarters
|
|
14
General Motors
GM
$73.7B
| $37.2M | 2.1% |
482,202
+132,425
| +38% | +$10.4M |
2026 Q1
1 quarter
|
|
15
BorgWarner
BWA
$11.8B
| $34.1M | 1.93% |
514,287
+361,586
| +237% | +$22.9M |
2026 Q1
1 quarter
|
|
16
APA Corp
APA
$17.2B
| $32.8M | 1.85% |
+1,006,739
| New | +$37.8M |
2026 Q2
0 quarters
|
|
17
Generac Holdings
GNRC
$11.4B
| $29.5M | 1.66% |
100,729
-12,322
| -11% | -$3.09M |
2025 Q3
3 quarters
|
|
18
Dana Inc
DAN
$3.12B
| $29M | 1.64% |
1,066,246
-132,892
| -11% | -$4.54M |
2025 Q1
5 quarters
|
|
19
CleanSpark
CLSK
$2.16B
| $28.7M | 1.62% |
+1,973,047
| New | +$27.8M |
2026 Q2
0 quarters
|
|
20
INNIO N.V.
INIO
$12.2B
| $28.2M | 1.59% |
+712,960
| New | +$25.4M |
2026 Q2
0 quarters
|
|
21
O-I Glass
OI
$896M
| $27.1M | 1.53% |
2,816,191
+1,776,558
| +171% | +$16.7M |
2026 Q1
1 quarter
|
|
22
SpaceX
SPCX
$1.92T
| $26.5M | 1.49% |
+155,000
| New | +$26.3M |
2026 Q2
0 quarters
|
|
23
DTE Energy
DTE
$27B
| $23.7M | 1.34% |
155,703
-106,152
| -41% | -$15.5M |
2025 Q4
2 quarters
|
|
24
Caterpillar
CAT
$336B
| $22.3M | 1.26% |
20,906
-13,153
| -39% | -$11.6M |
2025 Q2
4 quarters
|
|
25
Digital Realty Trust
DLR
$65.3B
| $21.9M | 1.24% |
+122,000
| New | +$23.4M |
2026 Q2
0 quarters
|
|
Similar funds
IP
CPCM
WC
Covalis Capital's Q2 2026 Portfolio in Review
As of Q2 2026, Covalis Capital held 175 positions worth $1.77B, up 9% from $1.63B the previous quarter. Its ten largest holdings account for 42% of the portfolio.
Covalis Capital deployed $106M of net new capital in Q2 2026, opening 52 new positions and adding to 20 existing holdings. Its largest new stake was Ameren: 629,746 shares worth $71.2M.
By sector, the portfolio is most concentrated in Utilities at 33% of assets, up from 28% a quarter earlier, followed by Energy and Consumer Discretionary.
On the sell side, the largest reduction was Whirlpool, an estimated $53.2M trimmed.
- Covalis Capital's largest Q2 2026 buy was Ameren: 629,746 shares worth $71.2M.
- Covalis Capital added most to Antero Resources in Q2 2026, an estimated $63M increase.
- Covalis Capital's biggest Q2 2026 reduction was Whirlpool, cutting an estimated $53.2M.
- Covalis Capital fully exited United Rentals in Q2 2026, selling an estimated $79M.
- Covalis Capital's ten largest holdings make up 42% of its $1.77B portfolio in Q2 2026.
- Covalis Capital opened 52 new positions and closed 74 in Q2 2026.
- Covalis Capital's portfolio value rose 9% quarter-over-quarter to $1.77B.
Based on Covalis Capital's 13F filing for Q2 2026, filed 13 Aug 2026.