Covalis Capital’s Fluence Energy FLNC Stock Holding History

Covalis Capital’s Portfolio FLNC Stock Details FLNC Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-491,039	Closed	-$5.3M	–	83
2025 Q3	$5.3M	Buy	+491,039	New	+$4.1M	0.62%	37
2025 Q1	–	Sell	-762,781	Closed	-$12.1M	–	68
2024 Q4	$12.1M	Buy	+762,781	New	+$14.9M	1.77%	22
2024 Q3	–	Sell	-1,972,140	Closed	-$34.2M	–	70
2024 Q2	$34.2M	Buy	1,972,140 +760,625	+63%	+$14.6M	4.65%	5
2024 Q1	$21M	Buy	1,211,515 +79,993	+7%	+$1.46M	2.59%	8
2023 Q4	$27M	Buy	+1,131,522	New	+$23.8M	4.39%	3

Other funds holding FLNC

SPT

Siemens Pension Trust Munich Germany, Germany $431M AUM 196.27% 1-Year Est. Return

Siemens Munich, Germany $494M AUM 234.93% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

D.E. Shaw & Co New York $210B AUM 57.28% 1-Year Est. Return

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

T. Rowe Price Associates Baltimore, Maryland $999B AUM 46.22% 1-Year Est. Return

Two Sigma Investments New York $138B AUM 41.87% 1-Year Est. Return

Connor, Clark & Lunn Investment Management (CC&L) Vancouver, British Columbia, Canada $52.8B AUM 58.98% 1-Year Est. Return

UBS Group Zurich, Switzerland $786B AUM 40.34% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.55T AUM 33.47% 1-Year Est. Return

Covalis Capital's FLNC Position: Q4 2025 in Review

Covalis Capital sold out of Fluence Energy (FLNC) in Q4 2025, closing a stake of 491,039 shares — an estimated $5.3M sold.

Covalis Capital first reported a position in FLNC in Q4 2023 and held it in 5 quarters. The position peaked at $34.2M in Q2 2024. 261 funds tracked by Wall St. Rank hold FLNC as of Q4 2025.

Covalis Capital reported no remaining Fluence Energy position as of Q4 2025 after selling out during the quarter.
Covalis Capital sold 491,039 Fluence Energy shares in Q4 2025, an estimated $5.3M.
Covalis Capital first reported a position in Fluence Energy in Q4 2023 and held it in 5 quarters.
Covalis Capital's Fluence Energy position peaked at $34.2M in Q2 2024.
261 funds tracked by Wall St. Rank held Fluence Energy as of Q4 2025.

Based on Covalis Capital's 13F filing for Q4 2025, filed 17 Feb 2026.