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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
-1.48%
1 Year Est. Return
+27.84%
3 Year Est. Return
+31.31%
5 Year Est. Return
+22.79%
10 Year Est. Return
–
AUM
$209M
AUM Growth
+$16.3M
Cap. Flow
+$20.2M
Cap. Flow %
9.64%
Top 10 Hldgs %
72.51%
Holding
42
New
12
Increased
7
Reduced
5
Closed
18

Top Buys

Rank Stock Value
1
AEP icon
American Electric Power
AEP
+$17.3M
2
AGR
Avangrid, Inc.
AGR
+$16.4M
3
NI icon
NiSource
NI
+$15.5M
4
XLU icon
State Street Utilities Select Sector SPDR ETF
XLU
+$10.7M
5
CNP icon
CenterPoint Energy
CNP
+$10.6M

Top Sells

Rank Stock Value
1
TECK icon
Teck Resources
TECK
+$31M
2
LNT icon
Alliant Energy
LNT
+$12.8M
3
OGE icon
OGE Energy
OGE
+$10.6M
4
EE
El Paso Electric Company
EE
+$8.13M
5
EIX icon
Edison International
EIX
+$7.32M

Sector Composition

Rank Sector Weight
1 Utilities 77.71%
2 Materials 6.89%
3 Industrials 1.13%
4 Consumer Staples 0.38%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
XLU icon
1
State Street Utilities Select Sector SPDR ETF
XLU
$23.5B
$27.9M 13.33%
1,060,004
+404,020
+62% +$10.7M
AGR
2
DELISTED
Avangrid, Inc.
AGR
$21.8M 10.4%
453,998
+324,271
+250% +$16.4M
AEP icon
3
American Electric Power
AEP
$71.9B
$17.2M 8.21%
+242,508
New +$17.3M
ETR icon
4
Entergy
ETR
$52.8B
$15M 7.16%
369,184
+95,476
+35% +$3.95M
EVRG icon
5
Evergy
EVRG
$19.7B
$14.9M 7.1%
270,640
-96,573
-26% -$5.46M
NI icon
6
NiSource
NI
$22B
$14.6M 6.99%
+586,648
New +$15.5M
CNP icon
7
CenterPoint Energy
CNP
$28.2B
$10.5M 5.01%
+379,392
New +$10.6M
FE icon
8
FirstEnergy
FE
$28.1B
$10.1M 4.85%
272,825
+116,569
+75% +$4.26M
CMS icon
9
CMS Energy
CMS
$22.8B
$9.91M 4.74%
+202,215
New +$9.86M
SCG
10
DELISTED
Scana
SCG
$9.9M 4.73%
254,514
+248,149
+3,899% +$9.51M
SRE icon
11
Sempra
SRE
$60.3B
$9.86M 4.71%
+173,436
New +$10M
TECK icon
12
Teck Resources
TECK
$27B
$9.44M 4.51%
391,470
-1,287,733
-77% -$31M
PEG icon
13
Public Service Enterprise Group
PEG
$39.2B
$8.85M 4.23%
+167,635
New +$8.76M
ENIA
14
DELISTED
Enel Amricas S.A. American Depositary Shares (Each representing 50 shares of Common Stock)
ENIA
$5.92M 2.83%
+765,195
New +$6.19M
PCG icon
15
PG&E
PCG
$38.1B
$5.53M 2.64%
120,168
-159,430
-57% -$7.1M
EIX icon
16
Edison International
EIX
$29.9B
$5.28M 2.52%
78,018
-109,383
-58% -$7.32M
ALE
17
DELISTED
Allete
ALE
$3.35M 1.6%
+44,651
New +$3.43M
X
18
DELISTED
US Steel
X
$2.66M 1.27%
+87,405
New +$2.82M
CMC icon
19
Commercial Metals
CMC
$7.35B
$2.37M 1.13%
115,386
-59,628
-34% -$1.28M
SPXU icon
20
ProShares UltraPro Short S&P 500
SPXU
$472M
$1.15M 0.55%
358
+240
+203% +$834K
BHP icon
21
BHP
BHP
$205B
$1.01M 0.48%
+22,756
New +$986K
RIO icon
22
Rio Tinto
RIO
$147B
$996K 0.48%
19,523
+13,935
+249% +$710K
PM icon
23
Philip Morris
PM
$301B
$787K 0.38%
+9,650
New +$792K
TMQ
24
Trilogy Metals
TMQ
$515M
$318K 0.15%
+158,783
New +$294K
AEE icon
25
Ameren
AEE
$30.9B
– –
-55,419
Closed -$3.37M
1
2

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Covalis Capital's Q3 2018 Portfolio in Review

As of Q3 2018, Covalis Capital held 42 positions worth $209M, up 8.4% from $193M the previous quarter. Its ten largest holdings account for 73% of the portfolio.

Covalis Capital deployed $20.2M of net new capital in Q3 2018, opening 12 new positions and adding to 7 existing holdings. Its largest new stake was American Electric Power: 242,508 shares worth $17.2M.

By sector, the portfolio is most concentrated in Utilities at 78% of assets, up from 64% a quarter earlier, followed by Materials and Industrials.

On the sell side, the largest reduction was Teck Resources, an estimated $31M trimmed.

  • Covalis Capital's largest Q3 2018 buy was American Electric Power: 242,508 shares worth $17.2M.
  • Covalis Capital added most to Avangrid, Inc. in Q3 2018, an estimated $16.4M increase.
  • Covalis Capital's biggest Q3 2018 reduction was Teck Resources, cutting an estimated $31M.
  • Covalis Capital fully exited Alliant Energy in Q3 2018, selling an estimated $12.8M.
  • Covalis Capital's ten largest holdings make up 73% of its $209M portfolio in Q3 2018.
  • Covalis Capital opened 12 new positions and closed 18 in Q3 2018.
  • Covalis Capital's portfolio value rose 8.4% quarter-over-quarter to $209M.

Based on Covalis Capital's 13F filing for Q3 2018, filed 14 Nov 2018.