Covalis Capital LLP

CIK

1698819

Location

LONDON, X0

Portfolio Value

Mid $1,612,853,175

Diversification

Diversified

Filing Date

Global Rank

#1,122 / 8,232 ▲ 192

Top Industry

Utilities - Regulated Electric 16.2%

3Y Alpha vs SPY

-4.7%

Period ended 2 months ago

Filed May 15, 2026 · 29d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+57.1%

SPY

+76.5%

Annualised alpha

-4.6%

Max drawdown

−22.7%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

121 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 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
PICS	PicS N.V. Technology	NEW	15,000	NEW	$156,750	NEW	0.01%
RDW	Redwire Corp Industrials	NEW	20,000	NEW	$170,000	NEW	0.01%
SUUN	POWERBANK Corp Utilities	NEW	350,000	NEW	$187,250	NEW	0.01%
EQPT	EquipmentShare.com Inc Industrials	NEW	10,000	NEW	$203,700	NEW	0.01%
ANDG	Andersen Group Inc. Consumer Cyclical	Reduced	10,000	-2,000	$272,000	−12.6%	0.02%
AVR	Anteris Technologies Global Corp. Healthcare	NEW	50,000	NEW	$277,500	NEW	0.02%
JCAP	Jefferson Capital, Inc. / DE Financial Services	NEW	15,000	NEW	$288,450	NEW	0.02%
WOLF	Wolfspeed, Inc. Technology	Added	20,000	+10,000	$326,400	+87.5%	0.02%
AXGN	Axogen, Inc. Healthcare	NEW	10,000	NEW	$331,300	NEW	0.02%
YSS	York Space Systems Inc. Industrials	NEW	15,000	NEW	$332,550	NEW	0.02%
LODE	Comstock Inc. Basic Materials	NEW	125,000	NEW	$381,250	NEW	0.02%
MCB	Metropolitan Bank Holding Corp. Financial Services	NEW	5,000	NEW	$416,450	NEW	0.03%
JAN	Janus Living, Inc. Real Estate	NEW	17,963	NEW	$423,387	NEW	0.03%
VSNT	Versant Media Group, Inc. Communication Services	NEW	11,600	NEW	$429,432	NEW	0.03%
WLTH	Wealthfront Corp Technology	Reduced	50,000	-35,593	$462,500	−60.2%	0.03%
BOBS	Bob's Discount Furniture, Inc. Consumer Cyclical	NEW	40,000	NEW	$470,000	NEW	0.03%
INVX	Innovex International, Inc. Energy	NEW	20,000	NEW	$487,800	NEW	0.03%
AS	Amer Sports, Inc. Consumer Cyclical	NEW	15,000	NEW	$493,800	NEW	0.03%
THM	International Tower Hill Mines Ltd Basic Materials	NEW	235,000	NEW	$540,500	NEW	0.03%
XENE	Xenon Pharmaceuticals Inc. Healthcare	NEW	10,000	NEW	$581,500	NEW	0.04%
FMC	Fmc Corp Basic Materials	NEW	38,572	NEW	$664,209	NEW	0.04%
KTOS	Kratos Defense & Security Solutions, Inc. Industrials	NEW	10,000	NEW	$705,100	NEW	0.04%
NVGS	Navigator Holdings Ltd. Energy	NEW	40,000	NEW	$773,200	NEW	0.05%
HTO	H2o America Utilities	NEW	15,000	NEW	$880,050	NEW	0.05%
LTM	Latam Airlines Group S.A. Industrials	NEW	20,000	NEW	$988,800	NEW	0.06%
KYIV	Kyivstar Group Ltd. Communication Services	NEW	100,000	NEW	$1,012,000	NEW	0.06%
DOCN	DigitalOcean Holdings, Inc. Technology	NEW	14,370	NEW	$1,232,658	NEW	0.08%
CTRI	Centuri Holdings, Inc. Utilities	Added	43,000	+23,000	$1,256,030	+148.7%	0.08%
VSEC	Vse Corp Industrials	NEW	7,500	NEW	$1,383,000	NEW	0.09%
SRE	Sempra Utilities	Reduced	14,349	-53,959	$1,394,292	−76.9%	0.09%
WTTR	Select Water Solutions, Inc. Energy	NEW	100,000	NEW	$1,530,000	NEW	0.09%
SWX	Southwest Gas Holdings, Inc. Utilities	NEW	18,626	NEW	$1,618,599	NEW	0.10%
VVX	V2X, Inc. Industrials	Added	25,000	+1,316	$1,712,500	+32.6%	0.11%
ROL	Rollins Inc Consumer Cyclical	Held	35,000	0	$1,869,350	−11.0%	0.12%
JAGU	Jaguar Uranium Corp. Energy	NEW	699,998	NEW	$1,924,994	NEW	0.12%
MIAX	Miami International Holdings, Inc. Financial Services	Added	50,000	+10,000	$1,946,000	+9.6%	0.12%
CRC	California Resources Corp Energy	Reduced	28,205	-354,145	$1,952,350	−88.6%	0.12%
AGCO	Agco Corp /De Industrials	Reduced	17,449	-78,244	$2,021,815	−79.7%	0.13%
CTVA	Corteva, Inc. Basic Materials	NEW	24,436	NEW	$2,045,537	NEW	0.13%
DTM	DT Midstream, Inc. Energy	Reduced	15,814	-67,031	$2,129,671	−78.5%	0.13%
HRI	Herc Holdings Inc Industrials	NEW	21,774	NEW	$2,167,601	NEW	0.13%
MDLN	Medline Inc. Healthcare	NEW	50,000	NEW	$2,225,000	NEW	0.14%
IP	International Paper Co /New/ Consumer Cyclical	NEW	63,842	NEW	$2,279,159	NEW	0.14%
APH	Amphenol Corp /De/ Technology	Reduced	18,194	-83,096	$2,298,811	−83.2%	0.14%
ACHR	Archer Aviation Inc. Industrials	Reduced	500,000	-625,000	$2,585,000	−69.4%	0.16%
POR	Portland General Electric Co /Or/ Utilities	NEW	50,000	NEW	$2,638,500	NEW	0.16%
DAR	Darling Ingredients Inc. Consumer Defensive	Reduced	58,652	-118,064	$3,627,626	−43.0%	0.22%
TEL	TE Connectivity plc Technology	Reduced	17,452	-54,636	$3,647,817	−77.8%	0.23%
SARO	StandardAero, Inc. Industrials	NEW	150,000	NEW	$3,874,500	NEW	0.24%
COP	Conocophillips Energy	NEW	30,737	NEW	$4,057,284	NEW	0.25%