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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
+6.39%
1 Year Est. Return
+27.84%
3 Year Est. Return
+31.31%
5 Year Est. Return
+22.79%
10 Year Est. Return
–
AUM
$367M
AUM Growth
+$93.4M
(+34%)
Cap. Flow
+$82.9M
Cap. Flow
% of AUM
22.59%
Top 10 Holdings %
Top 10 Hldgs %
44.13%
Holding
112
New
29
Increased
1
Reduced
10
Closed
32
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Entergy
ETR
|
+$13.7M |
| 2 |
NiSource
NI
|
+$13.3M |
| 3 |
Occidental Petroleum
OXY
|
+$12.2M |
| 4 |
LFG
Archaea Energy Inc.
LFG
|
+$11.6M |
| 5 |
Constellation Energy
CEG
|
+$11.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
LICY
Li-Cycle Holdings Corp.
LICY
|
+$13M |
| 2 |
DCRN
Decarbonization Plus Acquisition Corporation II Class A Common stock
DCRN
|
+$12.6M |
| 3 |
DSEY
Diversey Holdings, Ltd. Ordinary Shares
DSEY
|
+$9.14M |
| 4 |
Eastman Chemical
EMN
|
+$7.94M |
| 5 |
Exelon
EXC
|
+$6.72M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Utilities | 28.7% |
| 2 | Financials | 18.47% |
| 3 | Industrials | 15.71% |
| 4 | Materials | 11.56% |
| 5 | Technology | 8.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
LICY
1
DELISTED
Li-Cycle Holdings Corp.
LICY
| $23M | 6.27% |
340,759
-203,676
| -37% | -$13M |
|
|
ZT
2
DELISTED
Zimmer Energy Transition Acquisition Corp. Class A Common Stock
ZT
| $19.5M | 5.3% |
2,000,000
| – | – |
|
|
3
Exelon
EXC
$48.1B
| $18.8M | 5.12% |
394,580
-158,621
| -29% | -$6.72M |
|
|
4
Eastman Chemical
EMN
$7.69B
| $18M | 4.9% |
160,688
-67,784
| -30% | -$7.94M |
|
|
5
Occidental Petroleum
OXY
$55.7B
| $15.7M | 4.26% |
+275,822
| New | +$12.2M |
|
|
6
Entergy
ETR
$50.3B
| $14.6M | 3.96% |
+249,364
| New | +$13.7M |
|
|
7
NiSource
NI
$21.5B
| $14.5M | 3.96% |
+456,887
| New | +$13.3M |
|
|
LFG
8
DELISTED
Archaea Energy Inc.
LFG
| $14M | 3.8% |
+636,569
| New | +$11.6M |
|
|
9
Constellation Energy
CEG
$92.1B
| $12.8M | 3.49% |
+227,847
| New | +$11.1M |
|
|
AISP
10
Airship AI Holdings
AISP
$58.9M
| $11.2M | 3.06% |
1,150,000
| – | – |
|
|
TE
11
CALL
T1 Energy
TE
$1.04B
| $11M | 3.01% |
+900,000
| New | +$8.62M |
|
12
ExxonMobil
XOM
$650B
| $10.6M | 2.88% |
+128,016
| New | +$9.95M |
|
13
TIM SA
TIMB
$9.1B
| $9.87M | 2.69% |
680,792
| – | – |
|
|
PDOT
14
DELISTED
Peridot Acquisition Corp. II
PDOT
| $9.78M | 2.66% |
1,000,000
| – | – |
|
|
MBAC
15
DELISTED
M3-Brigade Acquisition II Corp.
MBAC
| $9.77M | 2.66% |
1,000,000
| – | – |
|
16
Westlake Corp
WLK
$9.26B
| $8.29M | 2.26% |
+67,220
| New | +$7.33M |
|
17
Public Service Enterprise Group
PEG
$38.7B
| $8.2M | 2.23% |
+117,130
| New | +$7.75M |
|
|
AJRD
18
DELISTED
Aerojet Rocketdyne Holdings
AJRD
| $8.14M | 2.22% |
+206,820
| New | +$8.24M |
|
19
Sherwin-Williams
SHW
$84.8B
| $8.11M | 2.21% |
+32,471
| New | +$8.97M |
|
20
CSX Corp
CSX
$94B
| $7.65M | 2.08% |
+204,173
| New | +$7.22M |
|
21
Union Pacific
UNP
$174B
| $7.48M | 2.04% |
+27,387
| New | +$6.92M |
|
|
PNTM
22
DELISTED
Pontem Corporation
PNTM
| $6.87M | 1.87% |
700,000
| – | – |
|
23
Vistra
VST
$48.2B
| $6.04M | 1.64% |
+259,602
| New | +$5.76M |
|
24
Consolidated Edison
ED
$41.4B
| $5.5M | 1.5% |
+58,085
| New | +$5.02M |
|
|
RKTA
25
DELISTED
Rocket Internet Growth Opportunities Corp.
RKTA
| $4.9M | 1.33% |
500,000
| – | – |
|
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Covalis Capital's Q1 2022 Portfolio in Review
As of Q1 2022, Covalis Capital held 112 positions worth $367M, up 34% from $274M the previous quarter. Its ten largest holdings account for 44% of the portfolio.
Covalis Capital deployed $82.9M of net new capital in Q1 2022, opening 29 new positions and adding to 1 existing holding. Its largest new stake was Entergy: 249,364 shares worth $14.6M.
By sector, the portfolio is most concentrated in Utilities at 29% of assets, up from 8.3% a quarter earlier, followed by Financials and Industrials.
On the sell side, the largest reduction was Li-Cycle Holdings Corp., an estimated $13M trimmed.
- Covalis Capital's largest Q1 2022 buy was Entergy: 249,364 shares worth $14.6M.
- Covalis Capital added most to T1 Energy in Q1 2022, an estimated $1.56M increase.
- Covalis Capital's biggest Q1 2022 reduction was Li-Cycle Holdings Corp., cutting an estimated $13M.
- Covalis Capital fully exited Decarbonization Plus Acquisition Corporation II Class A Common stock in Q1 2022, selling an estimated $12.6M.
- Covalis Capital's ten largest holdings make up 44% of its $367M portfolio in Q1 2022.
- Covalis Capital opened 29 new positions and closed 32 in Q1 2022.
- Covalis Capital's portfolio value rose 34% quarter-over-quarter to $367M.
Based on Covalis Capital's 13F filing for Q1 2022, filed 16 May 2022.