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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
CF icon
51
CF Industries
CF
$19.2B
$1.28M 0.17%
+17,320
New +$1.34M
SBSW icon
52
Sibanye-Stillwater
SBSW
$6.26B
$990K 0.13%
227,640
+90,745
+66% +$449K
BTDR icon
53
Bitdeer Technologies
BTDR
$2.56B
$947K 0.13%
+92,337
New +$633K
WULF icon
54
TeraWulf
WULF
$8.75B
$927K 0.13%
+208,333
New +$562K
TSLA icon
55
Tesla
TSLA
$1.23T
$876K 0.12%
+4,428
New +$774K
WAY
56
Waystar Holding Corp
WAY
$4.05B
$753K 0.1%
+35,000
New +$758K
APLD icon
57
Applied Digital
APLD
$7.89B
$658K 0.09%
+110,558
New +$429K
CAAP icon
58
Corporacion America
CAAP
$4.21B
$608K 0.08%
+36,559
New +$636K
BP icon
59
PUT
BP
BP
$116B
$542K 0.07%
+15,000
New +$562K
CORZ icon
60
Core Scientific
CORZ
$6.66B
$329K 0.04%
+35,363
New +$181K
NEXT icon
61
CALL
NextDecade
NEXT
$1.78B
$55.6K 0.01%
+7,000
New +$48.2K
ADM icon
62
CALL
Archer Daniels Midland
ADM
$38.2B
– –
-30,000
Closed -$1.88M
ALV icon
63
Autoliv
ALV
$9.02B
– –
-79,588
Closed -$9.58M
BB icon
64
BlackBerry
BB
$4.98B
– –
-3,585,184
Closed -$9.9M
BE icon
65
Bloom Energy
BE
$60.6B
– –
-1,793,357
Closed -$20.2M
BP icon
66
BP
BP
$116B
– –
-411,331
Closed -$15.4M
CVE icon
67
Cenovus Energy
CVE
$55.7B
– –
-2,583,398
Closed -$51.6M
ENB icon
68
Enbridge
ENB
$119B
– –
-139,939
Closed -$5.06M
GM icon
69
General Motors
GM
$80.4B
– –
-356,829
Closed -$16.2M
IFF icon
70
International Flavors & Fragrances
IFF
$20.2B
– –
-23,831
Closed -$2.05M
IP icon
71
International Paper
IP
$21.6B
– –
-130,174
Closed -$5.08M
JBL icon
72
Jabil
JBL
$33B
– –
-40,804
Closed -$5.47M
LEA icon
73
Lear
LEA
$6.54B
– –
-20,651
Closed -$2.99M
MBLY icon
74
Mobileye
MBLY
$2B
– –
-230,819
Closed -$7.42M
METC icon
75
Ramaco Resources Class A
METC
$599M
– –
-48,353
Closed -$788K
1 2
3
4

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GIP
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PRA
Pine Ridge Advisers New York $1.62B AUM 16.97% 1-Year Est. Return
SC
SRB Corp Boston, Massachusetts $1.63B AUM 20.77% 1-Year Est. Return
SWA
Stratos Wealth Advisors Beachwood, Ohio $1.63B AUM 16.33% 1-Year Est. Return
AIP
AE Industrial Partners Boca Raton, Florida $1.63B AUM 5.44% 1-Year Est. Return
KCM
Kynam Capital Management Princeton, New Jersey $1.62B AUM 138.67% 1-Year Est. Return
PCM
Philosophy Capital Management Alamo, California $1.63B AUM 12.69% 1-Year Est. Return
MAC
Monarch Alternative Capital New York $1.63B AUM 125.01% 1-Year Est. Return

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.