Latest Covalis Capital LLP Stock Portfolio

Covalis Capital LLP Performance:

2025 Q4: 0.19%YTD: 6.49%2024: 9.35%

Performance for 2025 Q4 is 0.19%, and YTD is 6.49%, and 2024 is 9.35%.

About Covalis Capital LLP and 13F Hedge Fund Stock Holdings

Covalis Capital LLP is a hedge fund based in New York, NY. On 2026-02-17, the fund reported it's updated stock portfolio. In the 13F Holdings report, Covalis Capital LLP reported an equity portfolio of $1.4 Billions as of 31 Dec, 2025.

The top stock holdings of Covalis Capital LLP are PCG, BKH, . The fund has invested 11.2% of it's portfolio in PG&E CORP and 10% of portfolio in BLACK HILLS CORP.

The fund managers got completely rid off XCEL ENERGY INC (XEL), GENERAL MTRS CO (GM) and EDISON INTL (EIX) stocks. They significantly reduced their stock positions in TARGA RES CORP (TRGP), FIRST SOLAR INC (FSLR) and TC ENERGY CORP (TRP). Covalis Capital LLP opened new stock positions in BLACK HILLS CORP (BKH), CORE SCIENTIFIC INC NEW and TERAWULF INC (WULF). The fund showed a lot of confidence in some stocks as they added substantially to CHEVRON CORP NEW (CVX), EVERSOURCE ENERGY (ES) and AMPHENOL CORP NEW (APH).

Covalis Capital LLP Annual Return Estimates Vs S&P 500

Our best estimate is that Covalis Capital LLP made a return of 0.19% in the last quarter. In trailing 12 months, it's portfolio return was 6.49%.

Performance
S&P 500

New Buys

Ticker	$ Bought
black hills corp	142,808,000
core scientific inc new	77,778,300
terawulf inc	27,889,600
oge energy corp	27,205,200
united rentals inc	24,844,500
viking holdings ltd	17,852,500
warner music group corp	17,812,200
california res corp	17,094,900

New stocks bought by Covalis Capital LLP

Additions

Ticker	% Inc.
chevron corp new	545
eversource energy	518
amphenol corp new	265
visteon corp	173
gentex corp	163
asbury automotive group inc	118
rb global inc	111
eaton corp plc	89.97

Additions to existing portfolio by Covalis Capital LLP

Reductions

Ticker	% Reduced
targa res corp	-91.2
first solar inc	-88.52
tc energy corp	-86.51
mobileye global inc	-68.69
generac hldgs inc	-65.38
dt midstream inc	-32.63
aptiv plc	-29.61
ugi corp new	-25.45

Covalis Capital LLP reduced stake in above stock

Sold off

Ticker	$ Sold
profrac hldg corp	-1,959,930
fluence energy inc	-5,303,220
edison intl	-26,171,300
general mtrs co	-27,443,800
xcel energy inc	-29,755,300
o-i glass inc	-3,941,180
waterbridge infrastructure l	-7,566,000
lyondellbasell industries n	-12,702,000

Covalis Capital LLP got rid off the above stocks

Sector Distribution

Covalis Capital LLP has about 33.7% of it's holdings in Utilities sector.

Sector	%
Utilities	33.7
Others	20.5
Industrials	16.2
Consumer Cyclical	12.5
Energy	8.8
Communication Services	3.2
Financial Services	2.2
Technology	1.6

Market Cap. Distribution

Covalis Capital LLP has about 45.3% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
LARGE-CAP	41.6
MID-CAP	33.4
UNALLOCATED	20.5
MEGA-CAP	3.7

Stocks belong to which Index?

About 60.7% of the stocks held by Covalis Capital LLP either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	39.4
S&P 500	35.6
RUSSELL 2000	25.1

Top 5 Winners (%)		%
CMI	cummins inc	18.6 %
CAT	caterpillar inc	18.5 %
DAR	darling ingredients inc	16.6 %
DAN	dana inc	16.4 %
UGI	ugi corp new	10.9 %

Top 5 Winners ($)		$
PCG	pg&e corp	9.2 M
DAN	dana inc	5.9 M
CAT	caterpillar inc	5.8 M
CMI	cummins inc	5.0 M
FSLR	first solar inc	4.5 M

Top 5 Losers (%)		%
MBLY	mobileye global inc	-17.1 %
VC	visteon corp	-15.1 %
GNTX	gentex corp	-13.0 %
GNRC	generac hldgs inc	-12.5 %
CNHI	cnh indl n v	-12.3 %

Top 5 Losers ($)		$
GNTX	gentex corp	-6.0 M
VC	visteon corp	-4.4 M
ETN	eaton corp plc	-3.6 M
CNHI	cnh indl n v	-3.4 M
ES	eversource energy	-2.5 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 73 stocks in it's portfolio. About 47.1% of the portfolio is in top 10 stocks. GNTX proved to be the most loss making stock for the portfolio. PCG was the most profitable stock for Covalis Capital LLP last quarter.

Last Reported on: 17 Feb, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AA	alcoa corp	0.18	47,148	2,505,440	new

ABG	asbury automotive group inc	0.83	50,706	11,790,700	added	118

ACHR	archer aviation inc	0.59	1,125,000	8,460,000	new

AGCO	agco corp	0.70	95,693	9,982,690	new

ALB	albemarle corp	0.00	0.00	0.00	sold off	-100

AN	autonation inc	0.30	20,790	4,292,720	new

APH	amphenol corp new	0.96	101,290	13,688,300	added	265

AR	antero resources corp	1.05	433,075	14,923,800	new

ARRY	array technologies inc	0.11	165,764	1,528,340	new

AWK	american wtr wks co inc new	0.00	0.00	0.00	sold off	-100

BKH	black hills corp	10.03	2,057,160	142,808,000	new

BKR	baker hughes company	0.29	91,566	4,169,920	added	80.07

BWA	borgwarner inc	0.00	0.00	0.00	sold off	-100

CAT	caterpillar inc	2.22	55,074	31,550,200	reduced	-15.86

CCI	crown castle inc	0.10	16,842	1,496,750	new

CHK	expand energy corporation	0.60	77,837	8,590,090	new

CMI	cummins inc	1.78	49,802	25,421,400	reduced	-21.21

CMS	cms energy corp	0.11	22,669	1,585,240	new

CNHI	cnh indl n v	1.71	2,644,390	24,381,200	added	68.64

CRC	california res corp	1.20	382,350	17,094,900	new