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Covalis Capital Portfolio holdings
AUM
$1.77B
1-Year Est. Return
26.68%
This Fund
S&P 500
This Quarter
Est. Return
-1.58%
1 Year Est. Return
+26.68%
3 Year Est. Return
+37.9%
5 Year Est. Return
+23.2%
10 Year Est. Return
–
AUM
$138M
AUM Growth
-$21.5M
(-14%)
Cap. Flow
-$17.4M
Cap. Flow
% of AUM
-12.65%
Top 10 Holdings %
Top 10 Hldgs %
72.03%
Holding
42
New
12
Increased
5
Reduced
6
Closed
19
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
NiSource
NI
|
+$9.56M |
| 2 |
CMS Energy
CMS
|
+$8.54M |
| 3 |
TXNM
TXNM Energy Inc
TXNM
|
+$7.69M |
| 4 |
PG&E
PCG
|
+$6.66M |
| 5 |
Ameren
AEE
|
+$6.23M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Exelon
EXC
|
+$12.1M |
| 2 |
CenterPoint Energy
CNP
|
+$7.36M |
| 3 |
Consolidated Edison
ED
|
+$6.89M |
| 4 |
Alliant Energy
LNT
|
+$6.87M |
| 5 |
Entergy
ETR
|
+$6.64M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Utilities | 83.41% |
| 2 | Materials | 9.12% |
| 3 | Industrials | 6.22% |
| 4 | Real Estate | 0.87% |
| 5 | Miscellaneous | 0.38% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Peabody Energy
BTU
$3.33B
| – | – |
-55,892
| Closed | -$2.2M |
|
|
27
CenterPoint Energy
CNP
$25.3B
| – | – |
-259,522
| Closed | -$7.36M |
|
28
Cheniere Energy
CQP
$31.9B
| – | – |
-102,379
| Closed | -$3.03M |
|
29
Clearway Energy Class C
CWEN
$6.3B
| – | – |
-216,075
| Closed | -$4.08M |
|
|
CWEN.A
30
DELISTED
Clearway Energy Class A
CWEN.A
| – | – |
-216,075
| Closed | -$4.08M |
|
|
31
Consolidated Edison
ED
$39.2B
| – | – |
-81,101
| Closed | -$6.89M |
|
|
32
Exelon
EXC
$43.8B
| – | – |
-432,073
| Closed | -$12.1M |
|
33
TechnipFMC
FTI
$28.9B
| – | – |
-159,837
| Closed | -$3.72M |
|
|
GOGL
34
DELISTED
Golden Ocean Group
GOGL
| – | – |
-43,941
| Closed | -$357K |
|
35
Nordic American Tanker
NAT
$1.67B
| – | – |
-150,000
| Closed | -$369K |
|
36
NextEra Energy
NEE
$170B
| – | – |
-54,068
| Closed | -$2.11M |
|
37
New Jersey Resources
NJR
$5.41B
| – | – |
-73,748
| Closed | -$2.96M |
|
38
NRG Energy
NRG
$22.5B
| – | – |
-75,973
| Closed | -$2.16M |
|
39
Southern Company
SO
$99.9B
| – | – |
-129,474
| Closed | -$6.23M |
|
|
TRQ
40
DELISTED
Turquoise Hill Resources Ltd
TRQ
| – | – |
-30,500
| Closed | -$1.05M |
|
|
SCG
41
DELISTED
Scana
SCG
| – | – |
-21,627
| Closed | -$861K |
|
|
DRYS
42
DELISTED
DryShips Inc. Common Stock
DRYS
| – | – |
-38,445
| Closed | -$136K |
|
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Covalis Capital's Q1 2018 Portfolio in Review
As of Q1 2018, Covalis Capital held 42 positions worth $138M, down 14% from $159M the previous quarter. Its ten largest holdings account for 72% of the portfolio.
Covalis Capital withdrew a net $17.4M in Q1 2018, closing 19 positions and reducing 6 holdings. Its most notable exit was Exelon, an estimated $12.1M position sold in full.
By sector, the portfolio is most concentrated in Utilities at 83% of assets, up from 80% a quarter earlier, followed by Materials and Industrials.
Against the trend, Covalis Capital opened a new position in NiSource worth $9.65M.
- Covalis Capital's largest Q1 2018 buy was NiSource: 403,665 shares worth $9.65M.
- Covalis Capital added most to Ameren in Q1 2018, an estimated $6.23M increase.
- Covalis Capital's biggest Q1 2018 reduction was Alliant Energy, cutting an estimated $6.87M.
- Covalis Capital fully exited Exelon in Q1 2018, selling an estimated $12.1M.
- Covalis Capital's ten largest holdings make up 72% of its $138M portfolio in Q1 2018.
- Covalis Capital opened 12 new positions and closed 19 in Q1 2018.
- Covalis Capital's portfolio value fell 14% quarter-over-quarter to $138M.
Based on Covalis Capital's 13F filing for Q1 2018, filed 11 May 2018.