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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
-1.48%
1 Year Est. Return
+27.84%
3 Year Est. Return
+31.31%
5 Year Est. Return
+22.79%
10 Year Est. Return
–
AUM
$209M
AUM Growth
+$16.3M
(+8.4%)
Cap. Flow
+$20.2M
Cap. Flow
% of AUM
9.64%
Top 10 Holdings %
Top 10 Hldgs %
72.51%
Holding
42
New
12
Increased
7
Reduced
5
Closed
18
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
American Electric Power
AEP
|
+$17.3M |
| 2 |
AGR
Avangrid, Inc.
AGR
|
+$16.4M |
| 3 |
NiSource
NI
|
+$15.5M |
| 4 |
State Street Utilities Select Sector SPDR ETF
XLU
|
+$10.7M |
| 5 |
CenterPoint Energy
CNP
|
+$10.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Teck Resources
TECK
|
+$31M |
| 2 |
Alliant Energy
LNT
|
+$12.8M |
| 3 |
OGE Energy
OGE
|
+$10.6M |
| 4 |
EE
El Paso Electric Company
EE
|
+$8.13M |
| 5 |
Edison International
EIX
|
+$7.32M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Utilities | 77.71% |
| 2 | Materials | 6.89% |
| 3 | Industrials | 1.13% |
| 4 | Consumer Staples | 0.38% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Atmos Energy
ATO
$29.9B
| – | – |
-5,300
| Closed | -$478K |
|
27
Cleveland-Cliffs
CLF
$6.81B
| – | – |
-417,811
| Closed | -$3.52M |
|
28
Dominion Energy
D
$62.5B
| – | – |
-6,914
| Closed | -$471K |
|
29
Exelon
EXC
$48.6B
| – | – |
-105,150
| Closed | -$3.19M |
|
30
Fortis
FTS
$30B
| – | – |
-172,482
| Closed | -$5.51M |
|
31
Hudbay
HBM
$9.92B
| – | – |
-58,986
| Closed | -$329K |
|
|
32
Alliant Energy
LNT
$19.4B
| – | – |
-302,599
| Closed | -$12.8M |
|
33
NRG Energy
NRG
$29.8B
| – | – |
-106,627
| Closed | -$3.27M |
|
34
Nucor
NUE
$56.4B
| – | – |
-6,834
| Closed | -$427K |
|
|
35
OGE Energy
OGE
$10.3B
| – | – |
-299,809
| Closed | -$10.6M |
|
36
Portland General Electric
POR
$6.02B
| – | – |
-5,548
| Closed | -$237K |
|
|
PPL
37
PPL Corp
PPL
$27.3B
| – | – |
-55,336
| Closed | -$1.58M |
|
38
Vistra
VST
$55.1B
| – | – |
-56,608
| Closed | -$1.34M |
|
|
TXNM
39
TXNM Energy Inc
TXNM
$6.47B
| – | – |
-75,778
| Closed | -$2.95M |
|
|
VIA
40
DELISTED
Via Renewables, Inc. Class A Common Stock
VIA
| – | – |
-16,668
| Closed | -$812K |
|
|
HIFR
41
DELISTED
InfraREIT, Inc.
HIFR
| – | – |
-73,362
| Closed | -$1.63M |
|
|
EE
42
DELISTED
El Paso Electric Company
EE
| – | – |
-137,535
| Closed | -$8.13M |
|
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Covalis Capital's Q3 2018 Portfolio in Review
As of Q3 2018, Covalis Capital held 42 positions worth $209M, up 8.4% from $193M the previous quarter. Its ten largest holdings account for 73% of the portfolio.
Covalis Capital deployed $20.2M of net new capital in Q3 2018, opening 12 new positions and adding to 7 existing holdings. Its largest new stake was American Electric Power: 242,508 shares worth $17.2M.
By sector, the portfolio is most concentrated in Utilities at 78% of assets, up from 64% a quarter earlier, followed by Materials and Industrials.
On the sell side, the largest reduction was Teck Resources, an estimated $31M trimmed.
- Covalis Capital's largest Q3 2018 buy was American Electric Power: 242,508 shares worth $17.2M.
- Covalis Capital added most to Avangrid, Inc. in Q3 2018, an estimated $16.4M increase.
- Covalis Capital's biggest Q3 2018 reduction was Teck Resources, cutting an estimated $31M.
- Covalis Capital fully exited Alliant Energy in Q3 2018, selling an estimated $12.8M.
- Covalis Capital's ten largest holdings make up 73% of its $209M portfolio in Q3 2018.
- Covalis Capital opened 12 new positions and closed 18 in Q3 2018.
- Covalis Capital's portfolio value rose 8.4% quarter-over-quarter to $209M.
Based on Covalis Capital's 13F filing for Q3 2018, filed 14 Nov 2018.