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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
+0.08%
1 Year Est. Return
+27.84%
3 Year Est. Return
+31.31%
5 Year Est. Return
+22.79%
10 Year Est. Return
–
AUM
$736M
AUM Growth
-$74.8M
Cap. Flow
-$81.4M
Cap. Flow %
-11.06%
Top 10 Hldgs %
53.5%
Holding
91
New
39
Increased
13
Reduced
9
Closed
30

Top Buys

Rank Stock Value
1
NGG icon
National Grid
NGG
+$97.9M
2
DVN icon
Devon Energy
DVN
+$55.1M
3
PNW icon
Pinnacle West Capital
PNW
+$41.7M
4
NRG icon
NRG Energy
NRG
+$33.2M
5
EVRG icon
Evergy
EVRG
+$24.4M

Top Sells

Rank Stock Value
1
NEE icon
NextEra Energy
NEE
+$121M
2
OKE icon
Oneok
OKE
+$68.4M
3
PCG icon
PG&E
PCG
+$55.4M
4
CVE icon
Cenovus Energy
CVE
+$51.6M
5
NI icon
NiSource
NI
+$40.3M

Sector Composition

Rank Sector Weight
1 Utilities 54.22%
2 Consumer Discretionary 16.6%
3 Energy 14.48%
4 Industrials 8.12%
5 Materials 2.37%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NEXT icon
26
NextDecade
NEXT
$1.78B
$9.57M 1.3%
1,204,679
+81,536
+7% +$562K
MYRG icon
27
MYR Group
MYRG
$5.19B
$7.98M 1.09%
+58,817
New +$9.19M
TRP icon
28
TC Energy
TRP
$70.2B
$7.59M 1.03%
+200,148
New +$7.59M
CTVA icon
29
Corteva
CTVA
$52.6B
$6.98M 0.95%
129,382
+47,940
+59% +$2.64M
PRIM icon
30
Primoris Services
PRIM
$4.58B
$6.84M 0.93%
137,131
+50,896
+59% +$2.52M
EQT icon
31
EQT Corp
EQT
$33.3B
$6.82M 0.93%
+184,552
New +$7.23M
VRT icon
32
Vertiv
VRT
$93B
$6.68M 0.91%
77,144
+56,813
+279% +$5.17M
VLO icon
33
Valero Energy
VLO
$92.9B
$6.53M 0.89%
+41,638
New +$6.72M
FSLR icon
34
First Solar
FSLR
$22.7B
$6.06M 0.82%
26,865
-56,312
-68% -$12.3M
HNRG icon
35
Hallador Energy
HNRG
$670M
$6.04M 0.82%
+777,842
New +$4.87M
AEE icon
36
Ameren
AEE
$30.3B
$5.02M 0.68%
+70,599
New +$5.13M
CLNE icon
37
Clean Energy Fuels
CLNE
$427M
$4.89M 0.67%
+1,833,056
New +$4.72M
PWR icon
38
Quanta Services
PWR
$100B
$4.69M 0.64%
+18,449
New +$4.89M
CC icon
39
Chemours
CC
$2.5B
$4.64M 0.63%
205,502
+151,330
+279% +$3.96M
ADNT icon
40
Adient
ADNT
$1.65B
$4.41M 0.6%
+178,329
New +$5.06M
RUSHA icon
41
Rush Enterprises Class A
RUSHA
$6.2B
$4.17M 0.57%
+99,638
New +$4.57M
ARRY icon
42
Array Technologies
ARRY
$803M
$3.79M 0.51%
+369,013
New +$4.68M
CVNA icon
43
Carvana
CVNA
$68.6B
$3.17M 0.43%
+122,950
New +$2.47M
ATS icon
44
ATS Corp
ATS
$2.64B
$3.09M 0.42%
95,561
+22,461
+31% +$725K
TSN icon
45
Tyson Foods
TSN
$20.4B
$3.07M 0.42%
53,648
+26,931
+101% +$1.57M
CRGY icon
46
Crescent Energy
CRGY
$3.79B
$2.95M 0.4%
248,599
-126,401
-34% -$1.49M
FLR icon
47
Fluor
FLR
$7.01B
$2.02M 0.27%
46,411
-40,926
-47% -$1.7M
DD icon
48
DuPont de Nemours
DD
$18.5B
$1.98M 0.27%
+19,643
New +$1.92M
SVCO
49
Silvaco Group
SVCO
$261M
$1.62M 0.22%
+90,000
New +$1.64M
MOS icon
50
The Mosaic Company
MOS
$7.03B
$1.59M 0.22%
+55,106
New +$1.66M
1
2
3 4

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Covalis Capital's Q2 2024 Portfolio in Review

As of Q2 2024, Covalis Capital held 91 positions worth $736M, down 9.2% from $810M the previous quarter. Its ten largest holdings account for 54% of the portfolio.

Covalis Capital withdrew a net $81.4M in Q2 2024, closing 30 positions and reducing 9 holdings. Its most notable exit was Oneok, an estimated $68.4M position sold in full.

By sector, the portfolio is most concentrated in Utilities at 54% of assets, up from 49% a quarter earlier, followed by Consumer Discretionary and Energy.

Against the trend, Covalis Capital opened a new position in National Grid worth $86.9M.

  • Covalis Capital's largest Q2 2024 buy was National Grid: 1,623,972 shares worth $86.9M.
  • Covalis Capital added most to Fluence Energy in Q2 2024, an estimated $14.6M increase.
  • Covalis Capital's biggest Q2 2024 reduction was NextEra Energy, cutting an estimated $121M.
  • Covalis Capital fully exited Oneok in Q2 2024, selling an estimated $68.4M.
  • Covalis Capital's ten largest holdings make up 54% of its $736M portfolio in Q2 2024.
  • Covalis Capital opened 39 new positions and closed 30 in Q2 2024.
  • Covalis Capital's portfolio value fell 9.2% quarter-over-quarter to $736M.

Based on Covalis Capital's 13F filing for Q2 2024, filed 13 Aug 2024.