Covalis Capital LLP

CIK

1698819

Location

LONDON, X0

Portfolio Value

Mid $1,612,853,175

Diversification

Diversified

Filing Date

Global Rank

#1,354 / 8,622 ▲ 125 · as of Mar 2026

Top Industry

Utilities - Regulated Electric 16.2%

3Y Alpha vs SPY

-3.0%

Period ended 4 months ago

Filed May 15, 2026 · 2mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+55.5%

SPY

+67.9%

Annualised alpha

-3.0%

Max drawdown

−22.3%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 97% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

121 tracked positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

8.6%

−2.5 pts

Top 5

30.0%

−11.6 pts

Top 10

43.1%

−11.4 pts

HHI

291

Diversified−185

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Utilities	28.2%	$455,261,136	18
Consumer Cyclical	21.1%	$340,933,794	22
Industrials	21.0%	$337,998,557	25
Energy	18.3%	$295,017,165	23
Technology	5.1%	$82,371,416	9
Basic Materials	3.5%	$56,289,604	10
Communication Services	1.9%	$30,148,290	4
Real Estate	0.3%	$5,139,387	2
Consumer Defensive	0.2%	$3,627,626	1
Healthcare	0.2%	$3,415,300	4
Financial Services	0.2%	$2,650,900	3

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

22 positions

Ticker	Company	Δ Shares	Shares	Value
STLA	Stellantis N.V.	+570,978	1,932,868	$13,704,034
BKV	BKV Corp	+529,211	604,211	$17,232,097
AR	ANTERO RESOURCES Corp	+490,733	923,808	$39,206,411
DTE	Dte Energy Co	+223,557	261,855	$38,288,438
WMG	Warner Music Group Corp.	+190,538	771,307	$19,699,180
RIVN	Rivian Automotive, Inc. / DE	+165,918	540,918	$8,140,815
SW	Smurfit Westrock plc	+118,265	203,407	$8,105,768
ETN	Eaton Corp plc	+117,697	203,223	$72,686,770
GNRC	Generac Holdings Inc.	+95,010	113,051	$22,082,251
APTV	Aptiv PLC	+91,793	252,462	$17,530,961
NFG	National Fuel Gas Co	+84,672	182,217	$17,121,109
URI	United Rentals, Inc.	+77,789	108,487	$79,039,288
FLR	Fluor Corp	+72,829	122,799	$5,728,573
GPI	Group 1 Automotive Inc	+70,020	122,127	$40,378,850
TRGP	Targa Resources Corp.	+69,263	76,617	$19,210,180
RBA	Rb Global Inc.	+66,539	359,281	$34,437,083
TRP	Tc Energy Corp	+24,453	300,700	$18,823,820
CTRI	Centuri Holdings, Inc.	+23,000	43,000	$1,256,030
WOLF	Wolfspeed, Inc.	+10,000	20,000	$326,400
MIAX	Miami International Holdings, Inc.	+10,000	50,000	$1,946,000
VVX	V2X, Inc.	+1,316	25,000	$1,712,500
ABG	Asbury Automotive Group Inc	+1,013	51,719	$10,106,409
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
CORZ	Core Scientific, Inc./tx	−7,169,484	3,472,029	$51,941,553
PCG	PG&E Corp	−1,982,656	7,913,377	$139,038,033
ACHR	Archer Aviation Inc.	−625,000	500,000	$2,585,000
DAN	DANA Inc	−565,227	1,199,138	$40,350,993
CRC	California Resources Corp	−354,145	28,205	$1,952,350
BKH	Black Hills Corp /Sd/	−304,314	1,752,846	$121,665,040
MDU	Mdu Resources Group Inc	−300,000	200,000	$4,144,000
AHR	American Healthcare REIT, Inc.	−200,000	100,000	$4,716,000
OGE	Oge Energy Corp.	−128,702	508,422	$24,383,919
VIK	Viking Holdings Ltd	−125,000	125,000	$9,185,000
DAR	Darling Ingredients Inc.	−118,064	58,652	$3,627,626
LGN	Legence Corp.	−104,400	80,000	$4,516,800
WMB	Williams Companies, Inc.	−97,268	552,506	$40,211,386
UGI	Ugi Corp /Pa/	−91,085	131,716	$4,797,096
APH	Amphenol Corp /De/	−83,096	18,194	$2,298,811
AGCO	Agco Corp /De	−78,244	17,449	$2,021,815
ULS	UL Solutions Inc.	−69,581	100,000	$8,571,000
DTM	DT Midstream, Inc.	−67,031	15,814	$2,129,671
TEL	TE Connectivity plc	−54,636	17,452	$3,647,817
SRE	Sempra	−53,959	14,349	$1,394,292
OMC	Omnicom Group Inc.	−47,568	119,608	$9,007,678
VC	Visteon Corp	−38,464	220,164	$20,059,142
WLTH	Wealthfront Corp	−35,593	50,000	$462,500
EXE	EXPAND ENERGY Corp	−31,548	46,289	$5,081,606
ITT	Itt Inc.	−30,000	30,000	$5,715,900
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
WHR	Whirlpool Corp /De/	1,312,304	$70,759,431
XEL	Xcel Energy Inc	400,817	$31,840,902
GM	General Motors Co	349,777	$26,058,386
FANG	Diamondback Energy, Inc.	128,110	$25,338,876
TLN	Talen Energy Corp	76,237	$24,337,137
AM	Antero Midstream Corp	985,162	$22,461,693
MWH	SOLV Energy, Inc.	697,110	$20,934,213
EQT	EQT Corp	319,919	$20,359,645
LAD	Lithia Motors Inc	79,868	$19,944,636
VNOM	Viper Energy, Inc.	400,000	$18,796,000
RACE	Ferrari N.V.	53,740	$18,188,303
APLD	Applied Digital Corp.	738,143	$17,523,514
MYRG	Myr Group Inc.	53,546	$15,117,106
NRG	Nrg Energy, Inc.	90,000	$13,152,600
FE	Firstenergy Corp	246,147	$12,469,807
PPL	PPL Corp	320,294	$12,235,230
STLD	Steel Dynamics Inc	63,385	$11,409,300
OI	O-I Glass, Inc. /DE/	1,039,633	$10,926,542
SHEL	Shell plc	106,629	$9,916,497
KNX	Knight-Swift Transportation Holdings Inc.	165,739	$9,543,251
FPS	Forgent Power Solutions, Inc.	325,741	$9,534,439
CLF	Cleveland-Cliffs Inc.	1,080,308	$9,128,602
CVNA	Carvana Co.	28,821	$9,060,745
VALE	Vale S.A.	556,974	$8,861,456
KOS	Kosmos Energy Ltd.	3,162,820	$8,792,639
No positions match the current search.

Sold Out

Positions the filer fully exited

23 positions

Ticker	Company	Shares	Value
ES	Eversource Energy	1,141,017	$76,824,674
GLXY	Galaxy Digital Inc.	2,630,100	$58,809,036
GNTX	Gentex Corp	1,734,804	$40,368,889
LBTYA	Liberty Global Ltd.	2,809,392	$31,296,626
WULF	Terawulf Inc.	2,427,296	$27,889,631
CNH	CNH Industrial N.V.	2,644,387	$24,381,248
GFL	GFL Environmental Inc.	350,000	$15,032,500
TXNM	Txnm Energy Inc	160,154	$9,429,867
TMUS	T-Mobile US, Inc.	45,245	$9,186,544
KGS	Kodiak Gas Services, Inc.	200,000	$7,480,000
CVX	Chevron Corp	40,233	$6,131,911
MOD	Modine Manufacturing Co	45,404	$6,061,888
FSLR	First Solar, Inc.	22,632	$5,912,157
SAH	Sonic Automotive Inc	93,018	$5,754,093
AN	Autonation, Inc.	20,790	$4,292,719
BKR	Baker Hughes Co	91,566	$4,169,915
OKE	Oneok Inc /New/	53,542	$3,935,337
MBLY	Mobileye Global Inc.	313,190	$3,269,703
HBM	Hudbay Minerals Inc.	130,166	$2,583,795
AA	Alcoa Corp	47,148	$2,505,444
CMS	Cms Energy Corp	22,669	$1,585,243
ARRY	Array Technologies, Inc.	165,764	$1,528,344
CCI	Crown Castle Inc.	16,842	$1,496,748
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

121 tracked positions · $1,612,853,175 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 121 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
PCG	PG&E Corp Utilities	Reduced	7,913,377	-1,982,656	$139,038,033	−12.6%	8.62%
BKH	Black Hills Corp /Sd/ Utilities	Reduced	1,752,846	-304,314	$121,665,040	−14.8%	7.54%
URI	United Rentals, Inc. Industrials	Added	108,487	+77,789	$79,039,288	+218.1%	4.90%
ETN	Eaton Corp plc Industrials	Added	203,223	+117,697	$72,686,770	+166.8%	4.51%
WHR	Whirlpool Corp /De/ Consumer Cyclical	NEW	1,312,304	NEW	$70,759,431	NEW	4.39%
CORZ	Core Scientific, Inc./tx Technology	Reduced	3,472,029	-7,169,484	$51,941,553	−66.5%	3.22%
GPI	Group 1 Automotive Inc Consumer Cyclical	Added	122,127	+70,020	$40,378,850	+97.0%	2.50%
DAN	DANA Inc Consumer Cyclical	Reduced	1,199,138	-565,227	$40,350,993	−3.7%	2.50%
WMB	Williams Companies, Inc. Energy	Reduced	552,506	-97,268	$40,211,386	+3.0%	2.49%
AR	ANTERO RESOURCES Corp Energy	Added	923,808	+490,733	$39,206,411	+162.7%	2.43%
DTE	Dte Energy Co Utilities	Added	261,855	+223,557	$38,288,438	+675.1%	2.37%
RBA	Rb Global Inc. Industrials	Added	359,281	+66,539	$34,437,083	+14.4%	2.14%
XEL	Xcel Energy Inc Utilities	NEW	400,817	NEW	$31,840,902	NEW	1.97%
GM	General Motors Co Consumer Cyclical	NEW	349,777	NEW	$26,058,386	NEW	1.62%
FANG	Diamondback Energy, Inc. Energy	NEW	128,110	NEW	$25,338,876	NEW	1.57%
OGE	Oge Energy Corp. Utilities	Reduced	508,422	-128,702	$24,383,919	−10.4%	1.51%
TLN	Talen Energy Corp Utilities	NEW	76,237	NEW	$24,337,137	NEW	1.51%
CAT	Caterpillar Inc Industrials	Reduced	34,059	-21,015	$24,129,439	−23.5%	1.50%
AM	Antero Midstream Corp Energy	NEW	985,162	NEW	$22,461,693	NEW	1.39%
GNRC	Generac Holdings Inc. Industrials	Added	113,051	+95,010	$22,082,251	+797.6%	1.37%
CMI	Cummins Inc Industrials	Reduced	41,008	-8,794	$22,063,124	−13.2%	1.37%
MWH	SOLV Energy, Inc. Utilities	NEW	697,110	NEW	$20,934,213	NEW	1.30%
EQT	EQT Corp Energy	NEW	319,919	NEW	$20,359,645	NEW	1.26%
VC	Visteon Corp Consumer Cyclical	Reduced	220,164	-38,464	$20,059,142	−18.4%	1.24%
LAD	Lithia Motors Inc Consumer Cyclical	NEW	79,868	NEW	$19,944,636	NEW	1.24%
WMG	Warner Music Group Corp. Communication Services	Added	771,307	+190,538	$19,699,180	+10.6%	1.22%
TRGP	Targa Resources Corp. Energy	Added	76,617	+69,263	$19,210,180	+1315.8%	1.19%
TRP	Tc Energy Corp Energy	Added	300,700	+24,453	$18,823,820	+23.9%	1.17%
VNOM	Viper Energy, Inc. Energy	NEW	400,000	NEW	$18,796,000	NEW	1.17%
RACE	Ferrari N.V. Consumer Cyclical	NEW	53,740	NEW	$18,188,303	NEW	1.13%
APTV	Aptiv PLC Consumer Cyclical	Added	252,462	+91,793	$17,530,961	+43.4%	1.09%
APLD	Applied Digital Corp. Technology	NEW	738,143	NEW	$17,523,514	NEW	1.09%
BKV	BKV Corp Energy	Added	604,211	+529,211	$17,232,097	+746.3%	1.07%
NFG	National Fuel Gas Co Energy	Added	182,217	+84,672	$17,121,109	+119.2%	1.06%
MYRG	Myr Group Inc. Industrials	NEW	53,546	NEW	$15,117,106	NEW	0.94%
STLA	Stellantis N.V. CALL + SHARES Consumer Cyclical	Added	1,932,868	+570,978	$13,704,034	−7.6%	0.85%
NRG	Nrg Energy, Inc. Utilities	NEW	90,000	NEW	$13,152,600	NEW	0.82%
FE	Firstenergy Corp Utilities	NEW	246,147	NEW	$12,469,807	NEW	0.77%
PPL	PPL Corp Utilities	NEW	320,294	NEW	$12,235,230	NEW	0.76%
STLD	Steel Dynamics Inc Basic Materials	NEW	63,385	NEW	$11,409,300	NEW	0.71%
OI	O-I Glass, Inc. /DE/ Consumer Cyclical	NEW	1,039,633	NEW	$10,926,542	NEW	0.68%
ABG	Asbury Automotive Group Inc Consumer Cyclical	Added	51,719	+1,013	$10,106,409	−14.3%	0.63%
SHEL	Shell plc Energy	NEW	106,629	NEW	$9,916,497	NEW	0.61%
KNX	Knight-Swift Transportation Holdings Inc. Industrials	NEW	165,739	NEW	$9,543,251	NEW	0.59%
FPS	Forgent Power Solutions, Inc. Industrials	NEW	325,741	NEW	$9,534,439	NEW	0.59%
VIK	Viking Holdings Ltd Consumer Cyclical	Reduced	125,000	-125,000	$9,185,000	−48.6%	0.57%
CLF	Cleveland-Cliffs Inc. Basic Materials	NEW	1,080,308	NEW	$9,128,602	NEW	0.57%
CVNA	Carvana Co. Consumer Cyclical	NEW	28,821	NEW	$9,060,745	NEW	0.56%
OMC	Omnicom Group Inc. Communication Services	Reduced	119,608	-47,568	$9,007,678	−33.3%	0.56%
VALE	Vale S.A. Basic Materials	NEW	556,974	NEW	$8,861,456	NEW	0.55%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.