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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
-11.25%
1 Year Est. Return
+27.84%
3 Year Est. Return
+31.31%
5 Year Est. Return
+22.79%
10 Year Est. Return
–
AUM
$565M
AUM Growth
+$99.1M
(+21%)
Cap. Flow
+$178M
Cap. Flow
% of AUM
31.47%
Top 10 Holdings %
Top 10 Hldgs %
52.75%
Holding
67
New
27
Increased
14
Reduced
8
Closed
16
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
First Solar
FSLR
|
+$65.5M |
| 2 |
PPL
PPL Corp
PPL
|
+$28.9M |
| 3 |
Sociedad Química y Minera de Chile
SQM
|
+$22.6M |
| 4 |
Eversource Energy
ES
|
+$21.4M |
| 5 |
UGI
UGI
|
+$17.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Cheniere Energy
LNG
|
+$60.5M |
| 2 |
New Fortress Energy
NFE
|
+$25M |
| 3 |
CMS Energy
CMS
|
+$12.8M |
| 4 |
DuPont de Nemours
DD
|
+$10.9M |
| 5 |
Talos Energy
TALO
|
+$9.88M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Utilities | 28.75% |
| 2 | Consumer Discretionary | 17.36% |
| 3 | Industrials | 17.08% |
| 4 | Technology | 16.37% |
| 5 | Materials | 13.36% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
HSAI
51
Hesai Group
HSAI
$2.57B
| $899K | 0.16% |
+89,904
| New | +$980K |
|
52
Ameresco
AMRC
$980M
| – | – |
-99,027
| Closed | -$4.82M |
|
|
53
CMS Energy
CMS
$23.3B
| – | – |
-217,077
| Closed | -$12.8M |
|
54
Corteva
CTVA
$60.5B
| – | – |
-35,063
| Closed | -$2.01M |
|
|
55
DuPont de Nemours
DD
$18.6B
| – | – |
-121,836
| Closed | -$10.9M |
|
56
Dow Inc
DOW
$22B
| – | – |
-144,121
| Closed | -$7.68M |
|
57
CALL
Eos Energy Enterprises
EOSE
$1.14B
| – | – |
-950,200
| Closed | -$4.12M |
|
58
FTC Solar
FTCI
$41.6M
| – | – |
-55,200
| Closed | -$1.78M |
|
59
General Motors
GM
$80.9B
| – | – |
-104,666
| Closed | -$4.04M |
|
60
Itron
ITRI
$4.48B
| – | – |
-71,094
| Closed | -$5.13M |
|
|
61
New Fortress Energy
NFE
$92.9M
| – | – |
-932,567
| Closed | -$25M |
|
62
Procter & Gamble
PG
$340B
| – | – |
-34,492
| Closed | -$5.23M |
|
63
PPG Industries
PPG
$24.9B
| – | – |
-65,036
| Closed | -$9.64M |
|
64
Rivian
RIVN
$23.6B
| – | – |
-551,603
| Closed | -$9.19M |
|
65
Sunrun
RUN
$2.26B
| – | – |
-239,396
| Closed | -$4.28M |
|
|
66
Talos Energy
TALO
$2.38B
| – | – |
-712,000
| Closed | -$9.88M |
|
67
Vistra
VST
$48.2B
| – | – |
-230,153
| Closed | -$6.04M |
|
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Covalis Capital's Q3 2023 Portfolio in Review
As of Q3 2023, Covalis Capital held 67 positions worth $565M, up 21% from $466M the previous quarter. Its ten largest holdings account for 53% of the portfolio.
Covalis Capital deployed $178M of net new capital in Q3 2023, opening 27 new positions and adding to 14 existing holdings. Its largest new stake was Eversource Energy: 320,681 shares worth $18.6M.
By sector, the portfolio is most concentrated in Utilities at 29% of assets, up from 21% a quarter earlier, followed by Consumer Discretionary and Industrials.
On the sell side, the largest reduction was Cheniere Energy, an estimated $60.5M trimmed.
- Covalis Capital's largest Q3 2023 buy was Eversource Energy: 320,681 shares worth $18.6M.
- Covalis Capital added most to First Solar in Q3 2023, an estimated $65.5M increase.
- Covalis Capital's biggest Q3 2023 reduction was Cheniere Energy, cutting an estimated $60.5M.
- Covalis Capital fully exited New Fortress Energy in Q3 2023, selling an estimated $25M.
- Covalis Capital's ten largest holdings make up 53% of its $565M portfolio in Q3 2023.
- Covalis Capital opened 27 new positions and closed 16 in Q3 2023.
- Covalis Capital's portfolio value rose 21% quarter-over-quarter to $565M.
Based on Covalis Capital's 13F filing for Q3 2023, filed 14 Nov 2023.