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%

Performance for 2026 Q1 is 3.08%, and YTD is 3.08%, and 2025 is 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.

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.

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

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.

Last Reported on: 15 May, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AA	alcoa corp	0.00	0.00	0.00	sold off	-100

ABG	asbury automotive group inc	0.62	51,719	10,106,400	added	2.00

ACHR	archer aviation inc	0.16	500,000	2,585,000	reduced	-55.56

AGCO	agco corp	0.12	17,449	2,021,820	reduced	-81.77

AM	antero midstream corp	1.38	985,162	22,461,700	new

AN	autonation inc	0.00	0.00	0.00	sold off	-100

APH	amphenol corp	0.14	18,194	2,298,810	reduced	-82.04

APLD	applied digital corp	1.08	738,143	17,523,500	new

AR	antero resources corp	2.41	923,808	39,206,400	added	113

ARRY	array technologies inc	0.00	0.00	0.00	sold off	-100

AXGN	axogen inc	0.02	10,000	331,300	new

BKH	black hills corp	7.48	1,752,850	121,665,000	reduced	-14.79

BKR	baker hughes company	0.00	0.00	0.00	sold off	-100

BP	bp plc	0.37	126,525	5,946,680	new

BTU	peabody engr corp	0.40	196,963	6,489,930	new

BWA	borgwarner inc	0.51	152,701	8,285,560	new

CAT	caterpillar inc	1.48	34,059	24,129,400	reduced	-38.16

CCI	crown castle inc	0.00	0.00	0.00	sold off	-100

CHK	expand energy corporation	0.31	46,289	5,081,610	reduced	-40.53

CLF	cleveland-cliffs inc new	0.56	1,080,310	9,128,600	new