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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
-10.03%
1 Year Est. Return
+27.84%
3 Year Est. Return
+31.31%
5 Year Est. Return
+22.79%
10 Year Est. Return
–
AUM
$520M
AUM Growth
+$153M
(+42%)
Cap. Flow
+$200M
Cap. Flow
% of AUM
38.38%
Top 10 Holdings %
Top 10 Hldgs %
51.91%
Holding
109
New
29
Increased
7
Reduced
10
Closed
45
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
LICY
Li-Cycle Holdings Corp.
LICY
|
+$54.3M |
| 2 |
Eversource Energy
ES
|
+$40.6M |
| 3 |
Vale
VALE
|
+$26.2M |
| 4 |
Southwest Gas
SWX
|
+$25.5M |
| 5 |
Linde
LIN
|
+$25.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Exelon
EXC
|
+$18.8M |
| 2 |
Occidental Petroleum
OXY
|
+$15.7M |
| 3 |
Entergy
ETR
|
+$14.6M |
| 4 |
LFG
Archaea Energy Inc.
LFG
|
+$14M |
| 5 |
ExxonMobil
XOM
|
+$10.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Utilities | 29.92% |
| 2 | Materials | 19.39% |
| 3 | Industrials | 18.23% |
| 4 | Financials | 13.06% |
| 5 | Technology | 7.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
LICY
1
DELISTED
Li-Cycle Holdings Corp.
LICY
| $69.8M | 13.44% |
1,268,982
+928,223
| +272% | +$54.3M |
|
|
2
Eversource Energy
ES
$28.1B
| $38.6M | 7.42% |
+456,668
| New | +$40.6M |
|
|
3
Southwest Gas
SWX
$6.66B
| $26.3M | 5.06% |
301,987
+288,474
| +2,135% | +$25.5M |
|
4
NextEra Energy
NEE
$185B
| $25.6M | 4.92% |
+329,906
| New | +$25.1M |
|
|
5
Linde
LIN
$237B
| $23.4M | 4.5% |
+81,333
| New | +$25.4M |
|
|
6
Vale
VALE
$60.4B
| $22.4M | 4.31% |
+1,532,531
| New | +$26.2M |
|
|
ZT
7
DELISTED
Zimmer Energy Transition Acquisition Corp. Class A Common Stock
ZT
| $19.4M | 3.74% |
2,000,001
+1
| +0% | +$10 |
|
8
Vistra
VST
$52.4B
| $15.7M | 3.01% |
685,616
+426,014
| +164% | +$10.5M |
|
9
Generac Holdings
GNRC
$12.7B
| $15M | 2.89% |
+71,288
| New | +$17.5M |
|
10
CALL
First Solar
FSLR
$22.8B
| $13.6M | 2.62% |
+200,000
| New | +$14.2M |
|
11
NiSource
NI
$22B
| $12.2M | 2.34% |
413,205
-43,682
| -10% | -$1.32M |
|
12
Eastman Chemical
EMN
$7.84B
| $12M | 2.3% |
133,309
-27,379
| -17% | -$2.83M |
|
|
AISP
13
Airship AI Holdings
AISP
$68.9M
| $11.3M | 2.18% |
1,150,000
| – | – |
|
|
PPL
14
PPL Corp
PPL
$27B
| $11.2M | 2.16% |
+413,735
| New | +$11.9M |
|
|
MBAC
15
DELISTED
M3-Brigade Acquisition II Corp.
MBAC
| $9.81M | 1.89% |
1,000,000
| – | – |
|
|
PDOT
16
DELISTED
Peridot Acquisition Corp. II
PDOT
| $9.81M | 1.89% |
1,000,000
| – | – |
|
17
DuPont de Nemours
DD
$18.3B
| $8.68M | 1.67% |
+124,447
| New | +$10.2M |
|
18
TIM SA
TIMB
$10.6B
| $8.28M | 1.59% |
681,724
+932
| +0.1% | +$12.7K |
|
19
State Street Industrial Select Sector SPDR ETF
XLI
$33.3B
| $7.89M | 1.52% |
+90,357
| New | +$8.52M |
|
20
Shoals Technologies Group
SHLS
$1.73B
| $7.87M | 1.51% |
+477,571
| New | +$7.05M |
|
|
XIFR
21
XPLR Infrastructure LP
XIFR
$1.13B
| $7.59M | 1.46% |
+102,377
| New | +$7.35M |
|
22
The Mosaic Company
MOS
$7.03B
| $7.36M | 1.42% |
+155,858
| New | +$9.55M |
|
|
PNTM
23
DELISTED
Pontem Corporation
PNTM
| $6.89M | 1.33% |
700,000
| – | – |
|
24
Corteva
CTVA
$58.4B
| $6.87M | 1.32% |
+126,896
| New | +$7.37M |
|
25
Constellation Energy
CEG
$90.1B
| $6.82M | 1.31% |
119,161
-108,686
| -48% | -$6.54M |
|
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Covalis Capital's Q2 2022 Portfolio in Review
As of Q2 2022, Covalis Capital held 109 positions worth $520M, up 42% from $367M the previous quarter. Its ten largest holdings account for 52% of the portfolio.
Covalis Capital deployed $200M of net new capital in Q2 2022, opening 29 new positions and adding to 7 existing holdings. Its largest new stake was Eversource Energy: 456,668 shares worth $38.6M.
By sector, the portfolio is most concentrated in Utilities at 30% of assets, up from 29% a quarter earlier, followed by Materials and Industrials.
On the sell side, the largest reduction was Aerojet Rocketdyne Holdings, an estimated $7.74M trimmed.
- Covalis Capital's largest Q2 2022 buy was Eversource Energy: 456,668 shares worth $38.6M.
- Covalis Capital added most to Li-Cycle Holdings Corp. in Q2 2022, an estimated $54.3M increase.
- Covalis Capital's biggest Q2 2022 reduction was Aerojet Rocketdyne Holdings, cutting an estimated $7.74M.
- Covalis Capital fully exited Exelon in Q2 2022, selling an estimated $18.8M.
- Covalis Capital's ten largest holdings make up 52% of its $520M portfolio in Q2 2022.
- Covalis Capital opened 29 new positions and closed 45 in Q2 2022.
- Covalis Capital's portfolio value rose 42% quarter-over-quarter to $520M.
Based on Covalis Capital's 13F filing for Q2 2022, filed 15 Aug 2022.