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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
+11.46%
1 Year Est. Return
+27.84%
3 Year Est. Return
+31.31%
5 Year Est. Return
+22.79%
10 Year Est. Return
–
AUM
$711M
AUM Growth
-$24.9M
Cap. Flow
-$79.7M
Cap. Flow %
-11.22%
Top 10 Hldgs %
54.86%
Holding
89
New
28
Increased
10
Reduced
13
Closed
38

Top Buys

Rank Stock Value
1
PCG icon
PG&E
PCG
+$37.4M
2
VLO icon
Valero Energy
VLO
+$36.7M
3
ETR icon
Entergy
ETR
+$33.1M
4
LAD icon
Lithia Motors
LAD
+$31.4M
5
ALV icon
Autoliv
ALV
+$30.3M

Top Sells

Rank Stock Value
1
NGG icon
National Grid
NGG
+$86.9M
2
DVN icon
Devon Energy
DVN
+$52.5M
3
FLNC icon
Fluence Energy
FLNC
+$34.2M
4
NRG icon
NRG Energy
NRG
+$33.3M
5
F icon
Ford
F
+$20.5M

Sector Composition

Rank Sector Weight
1 Utilities 42.12%
2 Consumer Discretionary 24.93%
3 Energy 16.02%
4 Industrials 8.23%
5 Technology 1.73%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PCG icon
1
PG&E
PCG
$39B
$109M 15.38%
5,530,771
+2,001,403
+57% +$37.4M
VLO icon
2
Valero Energy
VLO
$89.5B
$39.8M 5.6%
294,500
+252,862
+607% +$36.7M
ETR icon
3
Entergy
ETR
$50.3B
$36.9M 5.2%
+561,442
New +$33.1M
LAD icon
4
Lithia Motors
LAD
$9.75B
$35.8M 5.03%
+112,567
New +$31.4M
PNW icon
5
Pinnacle West Capital
PNW
$12.4B
$30.6M 4.3%
345,141
-207,447
-38% -$17.7M
APTV icon
6
Aptiv
APTV
$12.3B
$30.1M 4.23%
417,369
+224,366
+116% +$15.7M
PEG icon
7
Public Service Enterprise Group
PEG
$38.7B
$29.9M 4.21%
+335,074
New +$26.7M
ALV icon
8
Autoliv
ALV
$9.14B
$28.4M 4%
+304,187
New +$30.3M
NI icon
9
NiSource
NI
$21.5B
$26.3M 3.7%
759,774
+184,240
+32% +$5.88M
PCG icon
10
CALL
PG&E
PCG
$39B
$22.8M 3.21%
+1,155,600
New +$21.6M
GM icon
11
General Motors
GM
$80.9B
$21.9M 3.08%
+487,909
New +$22.6M
TRGP icon
12
Targa Resources
TRGP
$56.8B
$21M 2.96%
+142,159
New +$20M
ATS icon
13
ATS Corp
ATS
$2.57B
$19M 2.67%
653,820
+558,259
+584% +$16.1M
DTM icon
14
DT Midstream
DTM
$13.9B
$18.5M 2.6%
+234,820
New +$17.5M
LNT icon
15
Alliant Energy
LNT
$18.6B
$17.6M 2.48%
290,296
+88,763
+44% +$5.04M
SPOT icon
16
PUT
Spotify
SPOT
$108B
$17.5M 2.46%
+47,500
New +$15.8M
BWA icon
17
BorgWarner
BWA
$12.8B
$16.3M 2.29%
448,572
-104,604
-19% -$3.45M
RBA icon
18
RB Global
RBA
$21.5B
$13.4M 1.88%
165,974
-13,321
-7% -$1.08M
CVNA icon
19
Carvana
CVNA
$47.5B
$12.9M 1.82%
371,805
+248,855
+202% +$7.15M
PHIN icon
20
Phinia Inc
PHIN
$3.04B
$11.6M 1.63%
251,360
-164,237
-40% -$7.39M
OVV icon
21
Ovintiv
OVV
$17B
$11M 1.55%
+287,381
New +$12.4M
DUK icon
22
Duke Energy
DUK
$101B
$10.6M 1.49%
+92,036
New +$10.2M
BKV
23
BKV Corp
BKV
$2.55B
$10.5M 1.48%
+575,000
New +$10.4M
VRT icon
24
Vertiv
VRT
$85.7B
$10.5M 1.48%
105,551
+28,407
+37% +$2.35M
DTE icon
25
DTE Energy
DTE
$29.9B
$10.2M 1.43%
+79,235
New +$9.55M
1
2 3 4

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Covalis Capital's Q3 2024 Portfolio in Review

As of Q3 2024, Covalis Capital held 89 positions worth $711M, down 3.4% from $736M the previous quarter. Its ten largest holdings account for 55% of the portfolio.

Covalis Capital withdrew a net $79.7M in Q3 2024, closing 38 positions and reducing 13 holdings. Its most notable exit was National Grid, an estimated $86.9M position sold in full.

By sector, the portfolio is most concentrated in Utilities at 42% of assets, down from 54% a quarter earlier, followed by Consumer Discretionary and Energy.

Against the trend, Covalis Capital opened a new position in Entergy worth $36.9M.

  • Covalis Capital's largest Q3 2024 buy was Entergy: 561,442 shares worth $36.9M.
  • Covalis Capital added most to PG&E in Q3 2024, an estimated $37.4M increase.
  • Covalis Capital's biggest Q3 2024 reduction was Evergy, cutting an estimated $20.1M.
  • Covalis Capital fully exited National Grid in Q3 2024, selling an estimated $86.9M.
  • Covalis Capital's ten largest holdings make up 55% of its $711M portfolio in Q3 2024.
  • Covalis Capital opened 28 new positions and closed 38 in Q3 2024.
  • Covalis Capital's portfolio value fell 3.4% quarter-over-quarter to $711M.

Based on Covalis Capital's 13F filing for Q3 2024, filed 14 Nov 2024.