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Covalis Capital Portfolio holdings
AUM
$1.63B
1-Year Est. Return
27.84%
This Fund
S&P 500
This Quarter
Est. Return
+2.61%
1 Year Est. Return
+27.84%
3 Year Est. Return
+31.31%
5 Year Est. Return
+22.79%
10 Year Est. Return
–
AUM
$193M
AUM Growth
+$55.4M
(+40%)
Cap. Flow
+$52M
Cap. Flow
% of AUM
26.93%
Top 10 Holdings %
Top 10 Hldgs %
79.56%
Holding
39
New
16
Increased
8
Reduced
5
Closed
9
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Teck Resources
TECK
|
+$37.5M |
| 2 |
Evergy
EVRG
|
+$19.7M |
| 3 |
State Street Utilities Select Sector SPDR ETF
XLU
|
+$16.5M |
| 4 |
Alliant Energy
LNT
|
+$11.9M |
| 5 |
Edison International
EIX
|
+$11.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ENIA
Enel Amricas S.A. American Depositary Shares (Each representing 50 shares of Common Stock)
ENIA
|
+$15.5M |
| 2 |
GXP
Great Plains Energy Incorporated
GXP
|
+$13.7M |
| 3 |
Ameren
AEE
|
+$10.7M |
| 4 |
NiSource
NI
|
+$9.65M |
| 5 |
Public Service Enterprise Group
PEG
|
+$9.22M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Utilities | 63.65% |
| 2 | Materials | 24.52% |
| 3 | Industrials | 1.91% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Nucor
NUE
$58.3B
| $427K | 0.22% |
6,834
-48,211
| -88% | -$3.08M |
|
27
Hudbay
HBM
$9.76B
| $329K | 0.17% |
+58,986
| New | +$401K |
|
28
Rio Tinto
RIO
$152B
| $310K | 0.16% |
+5,588
| New | +$313K |
|
|
SCG
29
DELISTED
Scana
SCG
| $245K | 0.13% |
+6,365
| New | +$232K |
|
30
Portland General Electric
POR
$5.82B
| $237K | 0.12% |
+5,548
| New | +$228K |
|
31
Alcoa
AA
$11.3B
| – | – |
-45,233
| Closed | -$2.03M |
|
32
American Electric Power
AEP
$70.4B
| – | – |
-64,881
| Closed | -$4.45M |
|
33
Black Hills Corp
BKH
$5.55B
| – | – |
-21,627
| Closed | -$1.17M |
|
34
CMS Energy
CMS
$23B
| – | – |
-194,642
| Closed | -$8.81M |
|
|
35
NiSource
NI
$21.5B
| – | – |
-403,665
| Closed | -$9.65M |
|
|
36
Public Service Enterprise Group
PEG
$38.7B
| – | – |
-183,564
| Closed | -$9.22M |
|
|
ENIA
37
DELISTED
Enel Amricas S.A. American Depositary Shares (Each representing 50 shares of Common Stock)
ENIA
| – | – |
-1,333,334
| Closed | -$15.5M |
|
|
MDR
38
DELISTED
McDermott International
MDR
| – | – |
-193,191
| Closed | -$3.53M |
|
|
GXP
39
DELISTED
Great Plains Energy Incorporated
GXP
| – | – |
-432,313
| Closed | -$13.7M |
|
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Covalis Capital's Q2 2018 Portfolio in Review
As of Q2 2018, Covalis Capital held 39 positions worth $193M, up 40% from $138M the previous quarter. Its ten largest holdings account for 80% of the portfolio.
Covalis Capital deployed $52M of net new capital in Q2 2018, opening 16 new positions and adding to 8 existing holdings. Its largest new stake was Evergy: 367,213 shares worth $20.6M.
By sector, the portfolio is most concentrated in Utilities at 64% of assets, down from 73% a quarter earlier, followed by Materials and Industrials.
On the sell side, the largest reduction was Ameren, an estimated $10.7M trimmed.
- Covalis Capital's largest Q2 2018 buy was Evergy: 367,213 shares worth $20.6M.
- Covalis Capital added most to Teck Resources in Q2 2018, an estimated $37.5M increase.
- Covalis Capital's biggest Q2 2018 reduction was Ameren, cutting an estimated $10.7M.
- Covalis Capital fully exited Enel Amricas S.A. American Depositary Shares (Each representing 50 shares of Common Stock) in Q2 2018, selling an estimated $15.5M.
- Covalis Capital's ten largest holdings make up 80% of its $193M portfolio in Q2 2018.
- Covalis Capital opened 16 new positions and closed 9 in Q2 2018.
- Covalis Capital's portfolio value rose 40% quarter-over-quarter to $193M.
Based on Covalis Capital's 13F filing for Q2 2018, filed 13 Aug 2018.