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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
+0.07%
1 Year Est. Return
+27.84%
3 Year Est. Return
+31.31%
5 Year Est. Return
+22.79%
10 Year Est. Return
–
AUM
$252M
AUM Growth
+$163M
(+182%)
Cap. Flow
+$153M
Cap. Flow
% of AUM
60.59%
Top 10 Holdings %
Top 10 Hldgs %
100%
Holding
17
New
7
Increased
3
Reduced
–
Closed
7
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Exelon
EXC
|
+$83.4M |
| 2 |
TGE
Tallgrass Energy, LP Class A Shares
TGE
|
+$55.4M |
| 3 |
CenterPoint Energy
CNP
|
+$21.8M |
| 4 |
AGR
Avangrid, Inc.
AGR
|
+$15.7M |
| 5 |
Cheniere Energy
CQP
|
+$8.66M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PPL
PPL Corp
PPL
|
+$26.8M |
| 2 |
AY
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
|
+$9.43M |
| 3 |
National Grid
NGG
|
+$5.79M |
| 4 |
Entergy
ETR
|
+$4.69M |
| 5 |
Dominion Energy
D
|
+$2.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Utilities | 60.74% |
| 2 | Energy | 33.91% |
| 3 | Materials | 0.63% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Exelon
EXC
$48.1B
| $89.7M | 35.53% |
2,757,827
+2,575,567
| +1,413% | +$83.4M |
|
|
TGE
2
DELISTED
Tallgrass Energy, LP Class A Shares
TGE
| $70.3M | 27.88% |
3,180,401
+2,886,109
| +981% | +$55.4M |
|
|
AGR
3
DELISTED
Avangrid, Inc.
AGR
| $41.7M | 16.54% |
815,881
+315,046
| +63% | +$15.7M |
|
|
4
CenterPoint Energy
CNP
$28.3B
| $21.9M | 8.67% |
+802,312
| New | +$21.8M |
|
|
5
Cheniere Energy
CQP
$30.5B
| $8.2M | 3.25% |
+206,082
| New | +$8.66M |
|
6
ConocoPhillips
COP
$144B
| $7.02M | 2.78% |
+107,945
| New | +$6.35M |
|
7
State Street SPDR S&P 500 ETF Trust
SPY
$771B
| $5.21M | 2.06% |
+16,185
| New | +$4.98M |
|
8
iShares MSCI Emerging Markets ETF
EEM
$27.5B
| $4.67M | 1.85% |
+103,979
| New | +$4.46M |
|
9
State Street SPDR S&P Metals & Mining ETF
XME
$3.75B
| $2.03M | 0.81% |
+69,468
| New | +$1.9M |
|
10
Teck Resources
TECK
$28.2B
| $1.6M | 0.63% |
+91,855
| New | +$1.5M |
|
|
11
Dominion Energy
D
$62B
| – | – |
-32,080
| Closed | -$2.6M |
|
|
12
Entergy
ETR
$50.3B
| – | – |
-80,000
| Closed | -$4.69M |
|
13
Golar LNG
GLNG
$4.82B
| – | – |
-99,810
| Closed | -$1.3M |
|
|
14
National Grid
NGG
$79.3B
| – | – |
-120,956
| Closed | -$5.79M |
|
|
PPL
15
PPL Corp
PPL
$26.9B
| – | – |
-850,881
| Closed | -$26.8M |
|
|
AY
16
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
| – | – |
-391,271
| Closed | -$9.43M |
|
|
REGI
17
DELISTED
Renewable Energy Group, Inc.
REGI
| – | – |
-40,000
| Closed | -$600K |
|
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Covalis Capital's Q4 2019 Portfolio in Review
As of Q4 2019, Covalis Capital held 17 positions worth $252M, up 182% from $89.6M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Covalis Capital deployed $153M of net new capital in Q4 2019, opening 7 new positions and adding to 3 existing holdings. Its largest new stake was CenterPoint Energy: 802,312 shares worth $21.9M.
By sector, the portfolio is most concentrated in Utilities at 61% of assets, down from 91% a quarter earlier, followed by Energy and Materials.
On the sell side, the most notable exit was PPL Corp, an estimated $26.8M sold.
- Covalis Capital's largest Q4 2019 buy was CenterPoint Energy: 802,312 shares worth $21.9M.
- Covalis Capital added most to Exelon in Q4 2019, an estimated $83.4M increase.
- Covalis Capital fully exited PPL Corp in Q4 2019, selling an estimated $26.8M.
- Covalis Capital's ten largest holdings make up 100% of its $252M portfolio in Q4 2019.
- Covalis Capital opened 7 new positions and closed 7 in Q4 2019.
- Covalis Capital's portfolio value rose 182% quarter-over-quarter to $252M.
Based on Covalis Capital's 13F filing for Q4 2019, filed 14 Feb 2020.