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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
+2.61%
1 Year Est. Return
+27.84%
3 Year Est. Return
+31.31%
5 Year Est. Return
+22.79%
10 Year Est. Return
–
AUM
$193M
AUM Growth
+$55.4M
(+40%)
Cap. Flow
+$52M
Cap. Flow
% of AUM
26.93%
Top 10 Holdings %
Top 10 Hldgs %
79.56%
Holding
39
New
16
Increased
8
Reduced
5
Closed
9
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Teck Resources
TECK
|
+$37.5M |
| 2 |
Evergy
EVRG
|
+$19.7M |
| 3 |
State Street Utilities Select Sector SPDR ETF
XLU
|
+$16.5M |
| 4 |
Alliant Energy
LNT
|
+$11.9M |
| 5 |
Edison International
EIX
|
+$11.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ENIA
Enel Amricas S.A. American Depositary Shares (Each representing 50 shares of Common Stock)
ENIA
|
+$15.5M |
| 2 |
GXP
Great Plains Energy Incorporated
GXP
|
+$13.7M |
| 3 |
Ameren
AEE
|
+$10.7M |
| 4 |
NiSource
NI
|
+$9.65M |
| 5 |
Public Service Enterprise Group
PEG
|
+$9.22M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Utilities | 63.65% |
| 2 | Materials | 24.52% |
| 3 | Industrials | 1.91% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Teck Resources
TECK
$28.2B
| $42.7M | 22.14% |
1,679,203
+1,401,503
| +505% | +$37.5M |
|
|
2
Evergy
EVRG
$19.4B
| $20.6M | 10.68% |
+367,213
| New | +$19.7M |
|
|
3
State Street Utilities Select Sector SPDR ETF
XLU
$23.1B
| $17M | 8.83% |
+655,984
| New | +$16.5M |
|
|
4
Alliant Energy
LNT
$18.6B
| $12.8M | 6.63% |
302,599
+288,771
| +2,088% | +$11.9M |
|
5
PG&E
PCG
$39B
| $11.9M | 6.17% |
279,598
+122,587
| +78% | +$5.31M |
|
|
6
Edison International
EIX
$30.3B
| $11.9M | 6.14% |
+187,401
| New | +$11.7M |
|
7
Entergy
ETR
$50.3B
| $11.1M | 5.73% |
273,708
+176,062
| +180% | +$6.97M |
|
8
OGE Energy
OGE
$9.86B
| $10.6M | 5.47% |
299,809
+114,339
| +62% | +$3.84M |
|
|
EE
9
DELISTED
El Paso Electric Company
EE
| $8.13M | 4.21% |
+137,535
| New | +$7.48M |
|
|
AGR
10
DELISTED
Avangrid, Inc.
AGR
| $6.87M | 3.56% |
129,727
+81,250
| +168% | +$4.2M |
|
11
FirstEnergy
FE
$28.4B
| $5.61M | 2.91% |
156,256
+32,440
| +26% | +$1.11M |
|
12
Fortis
FTS
$29.3B
| $5.51M | 2.86% |
+172,482
| New | +$5.62M |
|
13
Commercial Metals
CMC
$7.53B
| $3.69M | 1.91% |
175,014
-70,463
| -29% | -$1.57M |
|
14
Cleveland-Cliffs
CLF
$6.49B
| $3.52M | 1.82% |
+417,811
| New | +$3.33M |
|
|
15
Ameren
AEE
$30.4B
| $3.37M | 1.75% |
55,419
-186,872
| -77% | -$10.7M |
|
16
NRG Energy
NRG
$26.2B
| $3.27M | 1.7% |
+106,627
| New | +$3.45M |
|
17
Exelon
EXC
$48.1B
| $3.19M | 1.66% |
+105,150
| New | +$3.01M |
|
|
TXNM
18
TXNM Energy Inc
TXNM
$6.39B
| $2.95M | 1.53% |
75,778
-134,219
| -64% | -$5.14M |
|
|
HIFR
19
DELISTED
InfraREIT, Inc.
HIFR
| $1.63M | 0.84% |
73,362
+11,476
| +19% | +$241K |
|
|
PPL
20
PPL Corp
PPL
$26.9B
| $1.58M | 0.82% |
+55,336
| New | +$1.53M |
|
21
Vistra
VST
$48.2B
| $1.34M | 0.69% |
56,608
-249,520
| -82% | -$5.74M |
|
|
VIA
22
DELISTED
Via Renewables, Inc. Class A Common Stock
VIA
| $812K | 0.42% |
+16,668
| New | +$899K |
|
23
Atmos Energy
ATO
$29.7B
| $478K | 0.25% |
+5,300
| New | +$459K |
|
24
Dominion Energy
D
$62B
| $471K | 0.24% |
+6,914
| New | +$450K |
|
25
ProShares UltraPro Short S&P 500
SPXU
$435M
| $470K | 0.24% |
118
| – | – |
|
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Covalis Capital's Q2 2018 Portfolio in Review
As of Q2 2018, Covalis Capital held 39 positions worth $193M, up 40% from $138M the previous quarter. Its ten largest holdings account for 80% of the portfolio.
Covalis Capital deployed $52M of net new capital in Q2 2018, opening 16 new positions and adding to 8 existing holdings. Its largest new stake was Evergy: 367,213 shares worth $20.6M.
By sector, the portfolio is most concentrated in Utilities at 64% of assets, down from 73% a quarter earlier, followed by Materials and Industrials.
On the sell side, the largest reduction was Ameren, an estimated $10.7M trimmed.
- Covalis Capital's largest Q2 2018 buy was Evergy: 367,213 shares worth $20.6M.
- Covalis Capital added most to Teck Resources in Q2 2018, an estimated $37.5M increase.
- Covalis Capital's biggest Q2 2018 reduction was Ameren, cutting an estimated $10.7M.
- Covalis Capital fully exited Enel Amricas S.A. American Depositary Shares (Each representing 50 shares of Common Stock) in Q2 2018, selling an estimated $15.5M.
- Covalis Capital's ten largest holdings make up 80% of its $193M portfolio in Q2 2018.
- Covalis Capital opened 16 new positions and closed 9 in Q2 2018.
- Covalis Capital's portfolio value rose 40% quarter-over-quarter to $193M.
Based on Covalis Capital's 13F filing for Q2 2018, filed 13 Aug 2018.