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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
-3.55%
1 Year Est. Return
+27.84%
3 Year Est. Return
+31.31%
5 Year Est. Return
+22.79%
10 Year Est. Return
–
AUM
$528M
AUM Growth
-$156M
(-23%)
Cap. Flow
-$104M
Cap. Flow
% of AUM
-19.61%
Top 10 Holdings %
Top 10 Hldgs %
48.61%
Holding
93
New
32
Increased
8
Reduced
10
Closed
40
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Constellation Energy
CEG
|
+$27.1M |
| 2 |
TC Energy
TRP
|
+$21.2M |
| 3 |
Dana Inc
DAN
|
+$20.9M |
| 4 |
Ford
F
|
+$15.5M |
| 5 |
MasTec
MTZ
|
+$15.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PG&E
PCG
|
+$46.9M |
| 2 |
Entergy
ETR
|
+$45.9M |
| 3 |
The Mosaic Company
MOS
|
+$27M |
| 4 |
Vistra
VST
|
+$23.7M |
| 5 |
AutoNation
AN
|
+$22.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 25.84% |
| 2 | Consumer Discretionary | 20.86% |
| 3 | Industrials | 15.6% |
| 4 | Utilities | 14.87% |
| 5 | Consumer Staples | 3.69% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
FTAI Aviation
FTAI
$20.2B
| $405K | 0.08% |
+3,651
| New | +$431K |
|
52
WEC Energy
WEC
$36.3B
| $358K | 0.07% |
+3,282
| New | +$335K |
|
53
Caledonia Mining Corp
CMCL
$351M
| $250K | 0.05% |
20,000
| – | – |
|
54
Ameren
AEE
$30.4B
| – | – |
-149,482
| Closed | -$13.3M |
|
55
Autoliv
ALV
$9.14B
| – | – |
-118,288
| Closed | -$11.1M |
|
56
Array Technologies
ARRY
$740M
| – | – |
-240,810
| Closed | -$1.45M |
|
57
Boeing
BA
$169B
| – | – |
-6,027
| Closed | -$1.07M |
|
58
Braskem
BAK
$901M
| – | – |
-1,173,852
| Closed | -$4.53M |
|
59
BorgWarner
BWA
$12.8B
| – | – |
-481,122
| Closed | -$15.3M |
|
60
Chemours
CC
$2.48B
| – | – |
-518,840
| Closed | -$8.77M |
|
61
Cleveland-Cliffs
CLF
$6.49B
| – | – |
-140,907
| Closed | -$1.32M |
|
62
CVR Energy
CVI
$3.48B
| – | – |
-88,209
| Closed | -$1.65M |
|
63
Delta Air Lines
DAL
$56.7B
| – | – |
-15,596
| Closed | -$944K |
|
64
Dycom Industries
DY
$11.2B
| – | – |
-55,099
| Closed | -$9.59M |
|
|
65
Entergy
ETR
$50.3B
| – | – |
-605,380
| Closed | -$45.9M |
|
66
Exelon
EXC
$48.1B
| – | – |
-405,837
| Closed | -$15.3M |
|
67
Freeport-McMoran
FCX
$86.2B
| – | – |
-342,324
| Closed | -$13M |
|
68
Fluence Energy
FLNC
$1.58B
| – | – |
-762,781
| Closed | -$12.1M |
|
69
Fluor
FLR
$6.54B
| – | – |
-152,152
| Closed | -$7.5M |
|
70
First Solar
FSLR
$21.4B
| – | – |
-126,128
| Closed | -$19.7M |
|
71
GE Aerospace
GE
$364B
| – | – |
-5,471
| Closed | -$913K |
|
72
Group 1 Automotive
GPI
$4.26B
| – | – |
-11,870
| Closed | -$5M |
|
73
Graphic Packaging
GPK
$3.35B
| – | – |
-27,091
| Closed | -$736K |
|
74
Kinder Morgan
KMI
$70.9B
| – | – |
-319,481
| Closed | -$8.75M |
|
75
Modine Manufacturing
MOD
$9.46B
| – | – |
-51,629
| Closed | -$5.99M |
|
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Covalis Capital's Q1 2025 Portfolio in Review
As of Q1 2025, Covalis Capital held 93 positions worth $528M, down 23% from $684M the previous quarter. Its ten largest holdings account for 49% of the portfolio.
Covalis Capital withdrew a net $104M in Q1 2025, closing 40 positions and reducing 10 holdings. Its most notable exit was Entergy, an estimated $45.9M position sold in full.
By sector, the portfolio is most concentrated in Energy at 26% of assets, up from 16% a quarter earlier, followed by Consumer Discretionary and Industrials.
Against the trend, Covalis Capital opened a new position in Constellation Energy worth $20.4M.
- Covalis Capital's largest Q1 2025 buy was Constellation Energy: 100,980 shares worth $20.4M.
- Covalis Capital added most to TC Energy in Q1 2025, an estimated $21.2M increase.
- Covalis Capital's biggest Q1 2025 reduction was PG&E, cutting an estimated $46.9M.
- Covalis Capital fully exited Entergy in Q1 2025, selling an estimated $45.9M.
- Covalis Capital's ten largest holdings make up 49% of its $528M portfolio in Q1 2025.
- Covalis Capital opened 32 new positions and closed 40 in Q1 2025.
- Covalis Capital's portfolio value fell 23% quarter-over-quarter to $528M.
Based on Covalis Capital's 13F filing for Q1 2025, filed 15 May 2025.