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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
+2.41%
1 Year Est. Return
+27.84%
3 Year Est. Return
+31.31%
5 Year Est. Return
+22.79%
10 Year Est. Return
–
AUM
$89.6M
AUM Growth
-$57.1M
(-39%)
Cap. Flow
-$58.3M
Cap. Flow
% of AUM
-65.1%
Top 10 Holdings %
Top 10 Hldgs %
100%
Holding
17
New
5
Increased
1
Reduced
4
Closed
7
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Exelon
EXC
|
+$6.12M |
| 2 |
TGE
Tallgrass Energy, LP Class A Shares
TGE
|
+$5.69M |
| 3 |
National Grid
NGG
|
+$5.59M |
| 4 |
Entergy
ETR
|
+$4.38M |
| 5 |
Dominion Energy
D
|
+$2.48M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PPL
PPL Corp
PPL
|
+$44.6M |
| 2 |
ConocoPhillips
COP
|
+$7.32M |
| 3 |
AGR
Avangrid, Inc.
AGR
|
+$5.82M |
| 4 |
Commercial Metals
CMC
|
+$5.72M |
| 5 |
AY
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
|
+$5.64M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Utilities | 91.27% |
| 2 | Energy | 8.06% |
| 3 | Materials | 0.67% |
| 4 | Industrials | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
PPL
1
PPL Corp
PPL
$26.9B
| $26.8M | 29.91% |
850,881
-1,475,546
| -63% | -$44.6M |
|
|
AGR
2
DELISTED
Avangrid, Inc.
AGR
| $26.2M | 29.21% |
500,835
-115,771
| -19% | -$5.82M |
|
|
AY
3
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
| $9.43M | 10.52% |
391,271
-239,500
| -38% | -$5.64M |
|
|
4
Exelon
EXC
$48.1B
| $6.28M | 7.01% |
+182,260
| New | +$6.12M |
|
|
TGE
5
DELISTED
Tallgrass Energy, LP Class A Shares
TGE
| $5.93M | 6.62% |
+294,292
| New | +$5.69M |
|
|
6
National Grid
NGG
$79.3B
| $5.79M | 6.46% |
+120,956
| New | +$5.59M |
|
|
7
Entergy
ETR
$50.3B
| $4.69M | 5.24% |
+80,000
| New | +$4.38M |
|
|
8
Dominion Energy
D
$62B
| $2.6M | 2.9% |
+32,080
| New | +$2.48M |
|
9
Golar LNG
GLNG
$4.82B
| $1.3M | 1.45% |
99,810
+19,810
| +25% | +$291K |
|
|
REGI
10
DELISTED
Renewable Energy Group, Inc.
REGI
| $600K | 0.67% |
40,000
-75,000
| -65% | -$1.03M |
|
11
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
$47.1B
| – | – |
-34,941
| Closed | -$3.2M |
|
|
12
Commercial Metals
CMC
$7.53B
| – | – |
-320,620
| Closed | -$5.72M |
|
|
13
ConocoPhillips
COP
$144B
| – | – |
-120,000
| Closed | -$7.32M |
|
14
Evergy
EVRG
$19.4B
| – | – |
-64,000
| Closed | -$3.85M |
|
15
Kosmos Energy
KOS
$1.47B
| – | – |
-330,425
| Closed | -$2.07M |
|
16
ArcelorMittal
MT
$49.5B
| – | – |
-158,690
| Closed | -$2.86M |
|
17
ProShares UltraPro Short S&P 500
SPXU
$435M
| – | – |
-271
| Closed | -$753K |
|
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Covalis Capital's Q3 2019 Portfolio in Review
As of Q3 2019, Covalis Capital held 17 positions worth $89.6M, down 39% from $147M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Covalis Capital withdrew a net $58.3M in Q3 2019, closing 7 positions and reducing 4 holdings. Its most notable exit was ConocoPhillips, an estimated $7.32M position sold in full.
By sector, the portfolio is most concentrated in Utilities at 91% of assets, up from 83% a quarter earlier, followed by Energy and Materials.
Against the trend, Covalis Capital opened a new position in Exelon worth $6.28M.
- Covalis Capital's largest Q3 2019 buy was Exelon: 182,260 shares worth $6.28M.
- Covalis Capital added most to Golar LNG in Q3 2019, an estimated $291K increase.
- Covalis Capital's biggest Q3 2019 reduction was PPL Corp, cutting an estimated $44.6M.
- Covalis Capital fully exited ConocoPhillips in Q3 2019, selling an estimated $7.32M.
- Covalis Capital's ten largest holdings make up 100% of its $89.6M portfolio in Q3 2019.
- Covalis Capital opened 5 new positions and closed 7 in Q3 2019.
- Covalis Capital's portfolio value fell 39% quarter-over-quarter to $89.6M.
Based on Covalis Capital's 13F filing for Q3 2019, filed 14 Nov 2019.