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Covalis Capital Portfolio holdings
AUM
$1.77B
1-Year Est. Return
26.68%
This Fund
S&P 500
This Quarter
Est. Return
+1.35%
1 Year Est. Return
+26.68%
3 Year Est. Return
+37.9%
5 Year Est. Return
+23.2%
10 Year Est. Return
–
AUM
$466M
AUM Growth
+$110M
(+31%)
Cap. Flow
+$108M
Cap. Flow
% of AUM
23.22%
Top 10 Holdings %
Top 10 Hldgs %
59.76%
Holding
58
New
24
Increased
7
Reduced
9
Closed
18
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Cheniere Energy
LNG
|
+$61.7M |
| 2 |
PG&E
PCG
|
+$19.7M |
| 3 |
EVA
Enviva Inc.
EVA
|
+$15.2M |
| 4 |
NRG Energy
NRG
|
+$14M |
| 5 |
Sociedad Química y Minera de Chile
SQM
|
+$12.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Enphase Energy
ENPH
|
+$32.5M |
| 2 |
ZT
Zimmer Energy Transition Acquisition Corp. Class A Common Stock
ZT
|
+$20.3M |
| 3 |
New Fortress Energy
NFE
|
+$18.8M |
| 4 |
Kimberly-Clark
KMB
|
+$7.4M |
| 5 |
TIM SA
TIMB
|
+$6.99M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 24.77% |
| 2 | Industrials | 21.67% |
| 3 | Utilities | 20.52% |
| 4 | Materials | 19.62% |
| 5 | Technology | 7.24% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
LICY
1
DELISTED
Li-Cycle Holdings Corp.
LICY
| $66.7M | 14.31% |
1,502,741
-56,312
| -4% | -$2.3M |
|
|
2
Cheniere Energy
LNG
$58.3B
| $63.5M | 13.62% |
+416,785
| New | +$61.7M |
|
|
3
PG&E
PCG
$36.6B
| $28.2M | 6.05% |
1,634,280
+1,163,268
| +247% | +$19.7M |
|
|
4
New Fortress Energy
NFE
$83.6M
| $25M | 5.35% |
932,567
-649,500
| -41% | -$18.8M |
|
|
PPL
5
PPL Corp
PPL
$25.7B
| $22.3M | 4.78% |
843,421
+174,646
| +26% | +$4.82M |
|
|
EVA
6
DELISTED
Enviva Inc.
EVA
| $18.3M | 3.93% |
1,687,604
+1,044,127
| +162% | +$15.2M |
|
|
7
NRG Energy
NRG
$23.4B
| $15.3M | 3.29% |
+410,168
| New | +$14M |
|
|
LTHM
8
DELISTED
Livent Corporation
LTHM
| $13.5M | 2.9% |
493,816
+234,132
| +90% | +$5.61M |
|
|
9
Sociedad Química y Minera de Chile
SQM
$22.5B
| $13M | 2.79% |
+179,082
| New | +$12.7M |
|
10
CMS Energy
CMS
$21.4B
| $12.8M | 2.73% |
217,077
-48,676
| -18% | -$2.94M |
|
11
NextDecade
NEXT
$1.96B
| $12M | 2.57% |
1,460,169
-7,496
| -0.5% | -$46K |
|
12
Southern Company
SO
$102B
| $11M | 2.36% |
+156,792
| New | +$11.2M |
|
13
DuPont de Nemours
DD
$18.5B
| $10.9M | 2.34% |
121,836
+63,946
| +110% | +$5.5M |
|
14
First Solar
FSLR
$22B
| $10.8M | 2.32% |
+57,016
| New | +$11.3M |
|
15
Talos Energy
TALO
$2.78B
| $9.88M | 2.12% |
+712,000
| New | +$9.59M |
|
16
PPG Industries
PPG
$25.4B
| $9.64M | 2.07% |
+65,036
| New | +$9.08M |
|
17
Array Technologies
ARRY
$707M
| $9.23M | 1.98% |
+408,271
| New | +$8.74M |
|
18
Rivian
RIVN
$23.3B
| $9.19M | 1.97% |
+551,603
| New | +$7.71M |
|
19
Axalta
AXTA
$7.92B
| $8.89M | 1.91% |
271,018
-177,461
| -40% | -$5.51M |
|
20
Eos Energy Enterprises
EOSE
$1.19B
| $8.68M | 1.86% |
2,000,000
+1,411,972
| +240% | +$3.7M |
|
21
Dow Inc
DOW
$22B
| $7.68M | 1.65% |
144,121
-41,616
| -22% | -$2.21M |
|
22
Sherwin-Williams
SHW
$83.7B
| $7.52M | 1.61% |
+28,318
| New | +$6.67M |
|
23
Ecolab
ECL
$80.4B
| $7.11M | 1.52% |
38,076
-13,953
| -27% | -$2.4M |
|
24
Vistra
VST
$46B
| $6.04M | 1.3% |
+230,153
| New | +$5.62M |
|
25
Procter & Gamble
PG
$334B
| $5.23M | 1.12% |
+34,492
| New | +$5.2M |
|
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Covalis Capital's Q2 2023 Portfolio in Review
As of Q2 2023, Covalis Capital held 58 positions worth $466M, up 31% from $357M the previous quarter. Its ten largest holdings account for 60% of the portfolio.
Covalis Capital deployed $108M of net new capital in Q2 2023, opening 24 new positions and adding to 7 existing holdings. Its largest new stake was Cheniere Energy: 416,785 shares worth $63.5M.
By sector, the portfolio is most concentrated in Energy at 25% of assets, up from 15% a quarter earlier, followed by Industrials and Utilities.
On the sell side, the largest reduction was New Fortress Energy, an estimated $18.8M trimmed.
- Covalis Capital's largest Q2 2023 buy was Cheniere Energy: 416,785 shares worth $63.5M.
- Covalis Capital added most to PG&E in Q2 2023, an estimated $19.7M increase.
- Covalis Capital's biggest Q2 2023 reduction was New Fortress Energy, cutting an estimated $18.8M.
- Covalis Capital fully exited Enphase Energy in Q2 2023, selling an estimated $32.5M.
- Covalis Capital's ten largest holdings make up 60% of its $466M portfolio in Q2 2023.
- Covalis Capital opened 24 new positions and closed 18 in Q2 2023.
- Covalis Capital's portfolio value rose 31% quarter-over-quarter to $466M.
Based on Covalis Capital's 13F filing for Q2 2023, filed 14 Aug 2023.