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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
+11.46%
1 Year Est. Return
+27.84%
3 Year Est. Return
+31.31%
5 Year Est. Return
+22.79%
10 Year Est. Return
–
AUM
$711M
AUM Growth
-$24.9M
Cap. Flow
-$79.7M
Cap. Flow %
-11.22%
Top 10 Hldgs %
54.86%
Holding
89
New
28
Increased
10
Reduced
13
Closed
38

Top Buys

Rank Stock Value
1
PCG icon
PG&E
PCG
+$37.4M
2
VLO icon
Valero Energy
VLO
+$36.7M
3
ETR icon
Entergy
ETR
+$33.1M
4
LAD icon
Lithia Motors
LAD
+$31.4M
5
ALV icon
Autoliv
ALV
+$30.3M

Top Sells

Rank Stock Value
1
NGG icon
National Grid
NGG
+$86.9M
2
DVN icon
Devon Energy
DVN
+$52.5M
3
FLNC icon
Fluence Energy
FLNC
+$34.2M
4
NRG icon
NRG Energy
NRG
+$33.3M
5
F icon
Ford
F
+$20.5M

Sector Composition

Rank Sector Weight
1 Utilities 42.12%
2 Consumer Discretionary 24.93%
3 Energy 16.02%
4 Industrials 8.23%
5 Technology 1.73%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NGG icon
76
National Grid
NGG
$79.3B
– –
-1,623,972
Closed -$86.9M
NRG icon
77
NRG Energy
NRG
$26.2B
– –
-428,188
Closed -$33.3M
PPL
78
PPL Corp
PPL
$26.9B
– –
-468,284
Closed -$12.9M
PRIM icon
79
Primoris Services
PRIM
$4.06B
– –
-137,131
Closed -$6.84M
PWR icon
80
Quanta Services
PWR
$84.2B
– –
-18,449
Closed -$4.69M
RUSHA icon
81
Rush Enterprises Class A
RUSHA
$6.34B
– –
-99,638
Closed -$4.17M
SO icon
82
Southern Company
SO
$108B
– –
-192,044
Closed -$14.9M
SU icon
83
Suncor Energy
SU
$77.7B
– –
-412,247
Closed -$15.7M
TRP icon
84
TC Energy
TRP
$70.1B
– –
-200,148
Closed -$7.59M
TSLA icon
85
Tesla
TSLA
$1.18T
– –
-4,428
Closed -$876K
TSN icon
86
Tyson Foods
TSN
$21.5B
– –
-53,648
Closed -$3.07M
WULF icon
87
TeraWulf
WULF
$7.48B
– –
-208,333
Closed -$927K
SVCO
88
Silvaco Group
SVCO
$232M
– –
-90,000
Closed -$1.62M
WAY
89
Waystar Holding Corp
WAY
$4.7B
– –
-35,000
Closed -$753K
1 2 3
4

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Covalis Capital's Q3 2024 Portfolio in Review

As of Q3 2024, Covalis Capital held 89 positions worth $711M, down 3.4% from $736M the previous quarter. Its ten largest holdings account for 55% of the portfolio.

Covalis Capital withdrew a net $79.7M in Q3 2024, closing 38 positions and reducing 13 holdings. Its most notable exit was National Grid, an estimated $86.9M position sold in full.

By sector, the portfolio is most concentrated in Utilities at 42% of assets, down from 54% a quarter earlier, followed by Consumer Discretionary and Energy.

Against the trend, Covalis Capital opened a new position in Entergy worth $36.9M.

  • Covalis Capital's largest Q3 2024 buy was Entergy: 561,442 shares worth $36.9M.
  • Covalis Capital added most to PG&E in Q3 2024, an estimated $37.4M increase.
  • Covalis Capital's biggest Q3 2024 reduction was Evergy, cutting an estimated $20.1M.
  • Covalis Capital fully exited National Grid in Q3 2024, selling an estimated $86.9M.
  • Covalis Capital's ten largest holdings make up 55% of its $711M portfolio in Q3 2024.
  • Covalis Capital opened 28 new positions and closed 38 in Q3 2024.
  • Covalis Capital's portfolio value fell 3.4% quarter-over-quarter to $711M.

Based on Covalis Capital's 13F filing for Q3 2024, filed 14 Nov 2024.