Latest Covalis Capital LLP Stock Portfolio

$1.63Billion | No. of Holdings #122

Covalis Capital LLP Performance

2026 Q1+3.08%

YTD+3.08%

2025+6.49%

About Covalis Capital LLP and 13F Hedge Fund Stock Holdings

Covalis Capital LLP is a hedge fund based in New York, NY. On 2026-05-15, the fund reported it's updated stock portfolio. In the 13F Holdings report, Covalis Capital LLP reported an equity portfolio of $1.6 Billions as of 31 Mar, 2026. <br><br> The top stock holdings of Covalis Capital LLP are PCG, BKH, URI. The fund has invested 8.6% of it's portfolio in PG&E CORP and 7.5% of portfolio in BLACK HILLS CORP. <br><br> The fund managers got completely rid off EVERSOURCE ENERGY (ES), GENTEX CORP (GNTX) and LIBERTY GLOBAL LTD (LBTYA) stocks. They significantly reduced their stock positions in CALIFORNIA RES CORP (CRC), AMPHENOL CORP (APH) and AGCO CORP (AGCO). Covalis Capital LLP opened new stock positions in WHIRLPOOL CORP (WHR), XCEL ENERGY INC (XEL) and GENERAL MTRS CO (GM). The fund showed a lot of confidence in some stocks as they added substantially to TARGA RES CORP (TRGP), BKV CORP and DTE ENERGY CO (DTB).

Covalis Capital LLP Equity Portfolio Value

Last Reported on: 15 May, 2026

$1.63Billion

as of May 15, 2026

Covalis Capital LLP Annual Return Estimates Vs S&P 500

Our best estimate is that Covalis Capital LLP made a return of 3.08% in the last quarter. In trailing 12 months, it's portfolio return was 12.31%.

Performance
S&P 500

New Buys

Ticker	$ Bought
whirlpool corp	70,759,400
xcel energy inc	31,840,900
general mtrs co	26,058,400
diamondback energy inc	25,338,900
talen energy corp	24,337,100
antero midstream corp	22,461,700
solv energy inc	20,934,200
eqt corp	20,359,600

New stocks bought by Covalis Capital LLP

Additions

Ticker	% Inc.
targa res corp	941
bkv corp	705
dte energy co	583
generac hldgs inc	526
united rentals inc	253
fluor corp	145
smurfit westrock plc	138
eaton corp plc	137

Additions to existing portfolio by Covalis Capital LLP

Reductions

Ticker	% Reduced
california res corp	-92.62
amphenol corp	-82.04
agco corp	-81.77
dt midstream inc	-80.91
sempra	-78.99
te connectivity plc	-75.79
darling ingredients inc	-66.81
american healthcare reit inc	-66.67

Covalis Capital LLP reduced stake in above stock

Sold off

Ticker	$ Sold
liberty global ltd	-31,296,600
cnh indl n v	-24,381,200
terawulf inc	-27,889,600
gentex corp	-40,368,900
eversource energy	-76,824,700
gfl environmental inc	-15,032,500
mobileye global inc	-3,269,700
kodiak gas svcs inc	-7,480,000

Covalis Capital LLP got rid off the above stocks

Sector Distribution

Covalis Capital LLP has about 22.5% of it's holdings in Utilities sector.

Utilities
Industrials
Others
Consumer Cyclical
Energy
Basic Materials
Communication Services
Financial Services

Sector	%
Utilities	22.5
Industrials	19.3
Others	18.9
Consumer Cyclical	17.6
Energy	13.5
	2.4
Basic Materials	2.1
Communication Services	1.8
Financial Services	1.1

Market Cap. Distribution

Covalis Capital LLP has about 47.2% of it's portfolio invested in the large-cap and mega-cap stocks.

LARGE-CAP
MID-CAP
UNALLOCATED
MEGA-CAP
SMALL-CAP

Category	%
LARGE-CAP	45.7
MID-CAP	32.5
UNALLOCATED	18.9
MEGA-CAP	1.5
SMALL-CAP	1.1

Stocks belong to which Index?

About 63.6% of the stocks held by Covalis Capital LLP either belong to S&P 500 or RUSSELL 2000 index.

S&P 500
Others
RUSSELL 2000

Index	%
S&P 500	43
Others	36.4
RUSSELL 2000	20.6

Top 5 Winners (%)		%
DAR	darling ingredients inc	47.8 %
DAN	dana inc	35.0 %
CRC	california res corp	29.4 %
VVX	v2x inc	24.7 %
	legence corp	22.4 %

Top 5 Winners ($)		$
DAN	dana inc	14.7 M
PCG	pg&e corp	13.4 M
WMB	williams cos inc	7.6 M
CAT	caterpillar inc	6.0 M
ETN	eaton corp plc	5.7 M

Top 5 Losers (%)		%
STLA	stellantis n.v	-32.5 %
	wealthfront corp	-25.3 %
ACHR	archer aviation inc	-22.6 %
ABG	asbury automotive group inc	-15.8 %
WMG	warner music group corp	-15.0 %

Top 5 Losers ($)		$
STLA	stellantis n.v	-6.0 M
URI	united rentals inc	-5.6 M
GPI	group 1 automotive inc	-5.5 M
WMG	warner music group corp	-3.5 M
RBA	rb global inc	-2.3 M

Covalis Capital LLP Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of Covalis Capital LLP

Covalis Capital LLP has 122 stocks in it's portfolio. About 42.8% of the portfolio is in top 10 stocks. STLA proved to be the most loss making stock for the portfolio. DAN was the most profitable stock for Covalis Capital LLP last quarter.

$1.62BTotal Value

144Positions

15 May, 2026Last Reported

Current holdings of Current Stock Holdings of Covalis Capital LLP, last reported on 15 May, 2026. Select a row with a linked ticker to view its historical trend.
Holdingsorted ascending	% Portfolio	Shares Held	$ Value	% Change
AA Alcoa Corp Alcoa CorpAA Covalis Capital LLP's holding in Alcoa Corp over time	0%	0.00	$0.00 0%	decreased 100 percentsold off

ABG Asbury Automotive Group Inc Asbury Automotive Group IncABG Covalis Capital LLP's holding in Asbury Automotive Group Inc over time	0.62%	51,719	$10.11M 0.62%	increased 2 percentadded

ACHR Archer Aviation Inc Archer Aviation IncACHR Covalis Capital LLP's holding in Archer Aviation Inc over time	0.16%	500,000	$2.58M 0.16%	decreased 55.56 percentreduced

AGCO Agco Corp Agco CorpAGCO Covalis Capital LLP's holding in Agco Corp over time	0.12%	17,449	$2.02M 0.12%	decreased 81.77 percentreduced

AM Antero Midstream Corp Antero Midstream CorpAM Covalis Capital LLP's holding in Antero Midstream Corp over time	1.38%	985,162	$22.46M 1.38%	new position

AN Autonation Inc Autonation IncAN Covalis Capital LLP's holding in Autonation Inc over time	0%	0.00	$0.00 0%	decreased 100 percentsold off

APH Amphenol Corp Amphenol CorpAPH Covalis Capital LLP's holding in Amphenol Corp over time	0.14%	18,194	$2.30M 0.14%	decreased 82.04 percentreduced

APLD Applied Digital Corp Applied Digital CorpAPLD Covalis Capital LLP's holding in Applied Digital Corp over time	1.08%	738,143	$17.52M 1.08%	new position

AR Antero Resources Corp Antero Resources CorpAR Covalis Capital LLP's holding in Antero Resources Corp over time	2.41%	923,808	$39.21M 2.41%	increased 113.31 percentadded

ARRY Array Technologies Inc Array Technologies IncARRY Covalis Capital LLP's holding in Array Technologies Inc over time	0%	0.00	$0.00 0%	decreased 100 percentsold off

AXGN Axogen Inc Axogen IncAXGN Covalis Capital LLP's holding in Axogen Inc over time	0.02%	10,000	$331.3K 0.02%	new position

BKH Black Hills Corp Black Hills CorpBKH Covalis Capital LLP's holding in Black Hills Corp over time	7.48%	1,752,850	$121.67M 7.48%	decreased 14.79 percentreduced

BKR Baker Hughes Company Baker Hughes CompanyBKR Covalis Capital LLP's holding in Baker Hughes Company over time	0%	0.00	$0.00 0%	decreased 100 percentsold off

BP Bp Plc Bp Plc BP Covalis Capital LLP's holding in Bp Plc over time	0.37%	126,525	$5.95M 0.37%	new position

BTU Peabody Engr Corp Peabody Engr CorpBTU Covalis Capital LLP's holding in Peabody Engr Corp over time	0.4%	196,963	$6.49M 0.4%	new position

BWA Borgwarner Inc Borgwarner IncBWA Covalis Capital LLP's holding in Borgwarner Inc over time	0.51%	152,701	$8.29M 0.51%	new position

CAT Caterpillar Inc Caterpillar IncCAT Covalis Capital LLP's holding in Caterpillar Inc over time	1.48%	34,059	$24.13M 1.48%	decreased 38.16 percentreduced

CCI Crown Castle Inc Crown Castle IncCCI Covalis Capital LLP's holding in Crown Castle Inc over time	0%	0.00	$0.00 0%	decreased 100 percentsold off

CHK Expand Energy Corporation Expand Energy CorporationCHK Covalis Capital LLP's holding in Expand Energy Corporation over time	0.31%	46,289	$5.08M 0.31%	decreased 40.53 percentreduced

CLF Cleveland-Cliffs Inc New Cleveland-Cliffs Inc NewCLF Covalis Capital LLP's holding in Cleveland-Cliffs Inc New over time	0.56%	1,080,310	$9.13M 0.56%	new position