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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
-2.26%
1 Year Est. Return
+27.84%
3 Year Est. Return
+31.31%
5 Year Est. Return
+22.79%
10 Year Est. Return
–
AUM
$357M
AUM Growth
-$66.1M
(-16%)
Cap. Flow
-$46.2M
Cap. Flow
% of AUM
-12.95%
Top 10 Holdings %
Top 10 Hldgs %
71.62%
Holding
64
New
14
Increased
9
Reduced
8
Closed
30
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
New Fortress Energy
NFE
|
+$35.5M |
| 2 |
Enphase Energy
ENPH
|
+$33.5M |
| 3 |
Dow Inc
DOW
|
+$10.5M |
| 4 |
Axalta
AXTA
|
+$8.29M |
| 5 |
Ecolab
ECL
|
+$8.11M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Eversource Energy
ES
|
+$32M |
| 2 |
Entergy
ETR
|
+$20.3M |
| 3 |
CMS Energy
CMS
|
+$12.1M |
| 4 |
AISP
Airship AI Holdings
AISP
|
+$11.6M |
| 5 |
GTLS
Chart Industries
GTLS
|
+$10.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 26.49% |
| 2 | Materials | 15.93% |
| 3 | Utilities | 15.36% |
| 4 | Energy | 15.1% |
| 5 | Technology | 10.93% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Linde
LIN
$236B
| $2.94M | 0.82% |
8,261
+3,427
| +71% | +$1.15M |
|
27
Chemours
CC
$2.48B
| $2.69M | 0.75% |
+89,836
| New | +$2.96M |
|
|
NMG
28
Nouveau Monde Graphite
NMG
$431M
| $2.04M | 0.57% |
396,850
-393,849
| -50% | -$2.02M |
|
29
NextEra Energy
NEE
$184B
| $2.02M | 0.57% |
26,249
-35,351
| -57% | -$2.72M |
|
30
State Street Industrial Select Sector SPDR ETF
XLI
$32.2B
| $1.54M | 0.43% |
15,225
+4,673
| +44% | +$470K |
|
31
Eos Energy Enterprises
EOSE
$1.14B
| $1.51M | 0.42% |
+588,028
| New | +$1.02M |
|
|
NSTD
32
DELISTED
Northern Star Investment Corp. IV
NSTD
| $1.01M | 0.28% |
100,000
| – | – |
|
33
FTC Solar
FTCI
$41.6M
| $822K | 0.23% |
+36,531
| New | +$972K |
|
34
Vale
VALE
$62.3B
| $801K | 0.22% |
+50,792
| New | +$860K |
|
|
AISP
35
Airship AI Holdings
AISP
$58.9M
| – | – |
-1,150,000
| Closed | -$11.6M |
|
36
Algonquin Power & Utilities
AQN
$4.59B
| – | – |
-966,227
| Closed | -$6.3M |
|
37
Ashland
ASH
$3.34B
| – | – |
-14,939
| Closed | -$1.61M |
|
|
AUTL
38
Autolus Therapeutics
AUTL
$389M
| – | – |
-67,767
| Closed | -$129K |
|
39
Bunge Global
BG
$20.9B
| – | – |
-18,836
| Closed | -$1.88M |
|
40
BP
BP
$112B
| – | – |
-293,945
| Closed | -$10.3M |
|
41
Celanese
CE
$4.82B
| – | – |
-17,080
| Closed | -$1.75M |
|
42
Canadian Solar
CSIQ
$932M
| – | – |
-193,248
| Closed | -$5.97M |
|
43
Clearway Energy Class C
CWEN
$4.79B
| – | – |
-121,850
| Closed | -$3.88M |
|
44
DTE Energy
DTE
$29.9B
| – | – |
-43,237
| Closed | -$5.08M |
|
45
EQT Corp
EQT
$32.9B
| – | – |
-114,783
| Closed | -$3.88M |
|
|
46
Entergy
ETR
$50.3B
| – | – |
-361,166
| Closed | -$20.3M |
|
47
Flowserve
FLS
$8.94B
| – | – |
-34,348
| Closed | -$1.05M |
|
48
FMC
FMC
$1.25B
| – | – |
-18,411
| Closed | -$2.3M |
|
|
GTLS
49
DELISTED
Chart Industries
GTLS
| – | – |
-92,356
| Closed | -$10.6M |
|
50
Imperial Oil
IMO
$62.3B
| – | – |
-160,138
| Closed | -$7.79M |
|
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Covalis Capital's Q1 2023 Portfolio in Review
As of Q1 2023, Covalis Capital held 64 positions worth $357M, down 16% from $423M the previous quarter. Its ten largest holdings account for 72% of the portfolio.
Covalis Capital withdrew a net $46.2M in Q1 2023, closing 30 positions and reducing 8 holdings. Its most notable exit was Entergy, an estimated $20.3M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 26% of assets, up from 24% a quarter earlier, followed by Materials and Utilities.
Against the trend, Covalis Capital opened a new position in Enphase Energy worth $32.5M.
- Covalis Capital's largest Q1 2023 buy was Enphase Energy: 154,452 shares worth $32.5M.
- Covalis Capital added most to New Fortress Energy in Q1 2023, an estimated $35.5M increase.
- Covalis Capital's biggest Q1 2023 reduction was Eversource Energy, cutting an estimated $32M.
- Covalis Capital fully exited Entergy in Q1 2023, selling an estimated $20.3M.
- Covalis Capital's ten largest holdings make up 72% of its $357M portfolio in Q1 2023.
- Covalis Capital opened 14 new positions and closed 30 in Q1 2023.
- Covalis Capital's portfolio value fell 16% quarter-over-quarter to $357M.
Based on Covalis Capital's 13F filing for Q1 2023, filed 15 May 2023.