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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
MOD icon
76
Modine Manufacturing
MOD
$10.7B
– –
-19,281
Closed -$1.84M
NOVA
77
DELISTED
Sunnova Energy
NOVA
– –
-1,140,782
Closed -$6.99M
NPWR icon
78
NET Power
NPWR
$126M
– –
-49,430
Closed -$563K
OKE icon
79
Oneok
OKE
$57.2B
– –
-853,589
Closed -$68.4M
OXY icon
80
Occidental Petroleum
OXY
$56.8B
– –
-114,661
Closed -$7.45M
PCAR icon
81
PACCAR
PCAR
$69.8B
– –
-122,945
Closed -$15.2M
PEG icon
82
Public Service Enterprise Group
PEG
$38.2B
– –
-78,198
Closed -$5.22M
SHEL icon
83
Shell
SHEL
$254B
– –
-98,313
Closed -$6.59M
SRE icon
84
Sempra
SRE
$57.9B
– –
-169,919
Closed -$12.2M
STLA icon
85
Stellantis
STLA
$16.7B
– –
-260,198
Closed -$7.4M
VC icon
86
Visteon
VC
$2.79B
– –
-62,276
Closed -$7.32M
VOD icon
87
CALL
Vodafone
VOD
$36.3B
– –
-175,000
Closed -$1.56M
XEL icon
88
Xcel Energy
XEL
$48.8B
– –
-302,418
Closed -$16.3M
XLI icon
89
State Street Industrial Select Sector SPDR ETF
XLI
$32.8B
– –
-23,932
Closed -$3.01M
XPEV icon
90
XPeng
XPEV
$12.4B
– –
-930,144
Closed -$7.14M
XIFR
91
XPLR Infrastructure LP
XIFR
$1.12B
– –
-930,825
Closed -$28M
1 2 3
4

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SC
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SWA
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AIP
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KCM
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MAC
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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.