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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
-3.5%
1 Year Est. Return
+26.68%
3 Year Est. Return
+37.9%
5 Year Est. Return
+23.2%
10 Year Est. Return
–
AUM
$40.6M
AUM Growth
-$169M
Cap. Flow
-$169M
Cap. Flow %
-416.62%
Top 10 Hldgs %
100%
Holding
27
New
3
Increased
–
Reduced
2
Closed
22

Top Buys

Rank Stock Value
1
HYG icon
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
+$26.2M
2
AY
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
+$3.27M
3
EEM icon
iShares MSCI Emerging Markets ETF
EEM
+$1.46M

Top Sells

Rank Stock Value
1
XLU icon
State Street Utilities Select Sector SPDR ETF
XLU
+$27.5M
2
AEP icon
American Electric Power
AEP
+$17.2M
3
ETR icon
Entergy
ETR
+$15M
4
EVRG icon
Evergy
EVRG
+$14.9M
5
NI icon
NiSource
NI
+$14.6M

Sector Composition

Rank Sector Weight
1 Miscellaneous 69.1%
2 Utilities 30.9%
3 Consumer Staples 0%
4 Industrials 0%
5 Materials 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ENIA
26
DELISTED
Enel Amricas S.A. American Depositary Shares (Each representing 50 shares of Common Stock)
ENIA
– –
-765,195
Closed -$5.92M
SCG
27
DELISTED
Scana
SCG
– –
-254,514
Closed -$9.9M
1
2

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NIP
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ORI
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PPC
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FRA
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Covalis Capital's Q4 2018 Portfolio in Review

As of Q4 2018, Covalis Capital held 27 positions worth $40.6M, down 81% from $209M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Covalis Capital withdrew a net $169M in Q4 2018, closing 22 positions and reducing 2 holdings. Its most notable exit was American Electric Power, an estimated $17.2M position sold in full.

By sector, the portfolio is most concentrated in Miscellaneous at 69% of assets, up from 14% a quarter earlier, followed by Utilities and Consumer Staples.

Against the trend, Covalis Capital opened a new position in iShares iBoxx $ High Yield Corporate Bond ETF worth $25.4M.

  • Covalis Capital's largest Q4 2018 buy was iShares iBoxx $ High Yield Corporate Bond ETF: 313,000 shares worth $25.4M.
  • Covalis Capital's biggest Q4 2018 reduction was State Street Utilities Select Sector SPDR ETF, cutting an estimated $27.5M.
  • Covalis Capital fully exited American Electric Power in Q4 2018, selling an estimated $17.2M.
  • Covalis Capital's ten largest holdings make up 100% of its $40.6M portfolio in Q4 2018.
  • Covalis Capital opened 3 new positions and closed 22 in Q4 2018.
  • Covalis Capital's portfolio value fell 81% quarter-over-quarter to $40.6M.

Based on Covalis Capital's 13F filing for Q4 2018, filed 4 Mar 2019.