Covalis Capital LLP
13F Reported Value
ⓘ$1.6B
incl. option notional
Equity Holdings
ⓘ$1.6B
Option Notional
ⓘ$1.0M
$0 puts / $1.0M calls
Holdings
123
Latest Filing
2026-03-31
Filing Quarter
Q1 2026
Portfolio Overview
Covalis Capital LLP disclosed 123 positions worth $1.6B in its Form 13F-HR for Q1 2026 — $1.6B in common stock plus $1.0M of put/call option positions (reported at underlying notional value, not premium at risk), led by $PCG (PG&E Corp) at 8.6% of the equity portfolio, followed by $BKH and $URI. During the quarter the fund opened 72 new positions and exited 25 — including a new stake in $WHR and a full exit from $CORZ. The portfolio is most concentrated in Industrials (28.6% of disclosed assets). All figures are sourced directly from Covalis Capital LLP’s Form 13F-HR filing with the SEC under CIK 1698819.
AI Fund Analysis
DiversifyingSector Allocation
AUM History
Top Equity Holdings by Value
Option Positions
13F rules report options at the value of the underlying shares (notional) — not the premium paid or capital at risk. Shown separately from the equity sleeve above.
Quarterly Activity — Q1 2026
Click any card to unlockTop Holdings
- 59.3#927
Quality
$139.0M7,913,377 sh - 53.1#1,304
Quality
$121.7M1,752,846 sh - 70.7#294
Quality
$79.0M108,487 sh - —
Quality
$72.7M203,223 sh - 40.6
Quality
$70.8M1,312,304 sh - 14.0
Quality
$51.9M3,472,029 sh - 57.1
Quality
$40.4M122,127 sh - 60.9
Quality
$40.4M1,199,138 sh - 72.8
Quality
$40.2M552,506 sh - 80.1
Quality
$39.2M923,808 sh
| Company | Quality | Value | Shares |
|---|---|---|---|
 PG&E Corp$PCG | 59.3#927 | $139.0M | 7,913,377 |
 BLACK HILLS CORP /SD/$BKH | 53.1#1,304 | $121.7M | 1,752,846 |
 UNITED RENTALS, INC.$URI | 70.7#294 | $79.0M | 108,487 |
 Eaton Corp plc$ETN | — | $72.7M | 203,223 |
 WHIRLPOOL CORP /DE/$WHR | 40.6 | $70.8M | 1,312,304 |
 Core Scientific, Inc./tx$CORZ | 14.0 | $51.9M | 3,472,029 |
 GROUP 1 AUTOMOTIVE INC$GPI | 57.1 | $40.4M | 122,127 |
 DANA Inc$DAN | 60.9 | $40.4M | 1,199,138 |
 WILLIAMS COMPANIES, INC.$WMB | 72.8 | $40.2M | 552,506 |
 ANTERO RESOURCES Corp$AR | 80.1 | $39.2M | 923,808 |
Unlock AI quality scores for every holding
32-signal composite ranking on each of Covalis Capital LLP's 123 positions.
Showing top 10 of 123 holdings.
Sector Allocation
Industrials
$464.0M
Utilities
$427.1M
Energy
$310.3M
Technology
$143.9M
Materials
$85.7M
Consumer Discretionary
$80.5M
Financials
$55.1M
Communication Services
$30.1M
Full Holdings — Covalis Capital LLP (Q1 2026)
All 123 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.
| # | Ticker | Company | Value | Weight | QoQ | Quality |
|---|---|---|---|---|---|---|
| 1 | $PCG | PG&E Corp | $139.0M | 8.6% | -20% | 59.3 |
| 2 | $BKH | BLACK HILLS CORP /SD/ | $121.7M | 7.5% | -15% | 53.1 |
| 3 | $URI | UNITED RENTALS, INC. | $79.0M | 4.9% | +253% | 70.7 |
| 4 | $ETN | Eaton Corp plc | $72.7M | 4.5% | +138% | — |
| 5 | $WHR | WHIRLPOOL CORP /DE/ | $70.8M | 4.4% | NEW | 40.6 |
| 6 | $CORZ | Core Scientific, Inc./tx | $51.9M | 3.2% | -35% | 14 |
| 7 | $GPI | GROUP 1 AUTOMOTIVE INC | $40.4M | 2.5% | +134% | 57.1 |
| 8 | $DAN | DANA Inc | $40.4M | 2.5% | -32% | 60.9 |
| 9 | $WMB | WILLIAMS COMPANIES, INC. | $40.2M | 2.5% | -15% | 72.8 |
| 10 | $AR | ANTERO RESOURCES Corp | $39.2M | 2.4% | +113% | 80.1 |
| 11 |  $DTB | DTE ENERGY CO | $38.3M | 2.4% | +584% | — |
| 12 |  $RBA | RB GLOBAL INC. | $34.4M | 2.1% | +23% | — |
| 13 |  $XEL | XCEL ENERGY INC | $31.8M | 2.0% | NEW | — |
| 14 |  $GM | General Motors Co | $26.1M | 1.6% | NEW | 58.7 |
| 15 |  $FANG | Diamondback Energy, Inc. | $25.3M | 1.6% | NEW | 81.4 |
| 16 |  $OGE | OGE ENERGY CORP. | $24.4M | 1.5% | -20% | 57.8 |
| 17 |  $TLN | Talen Energy Corp | $24.3M | 1.5% | NEW | 66.5 |
| 18 |  $CAT | CATERPILLAR INC | $24.1M | 1.5% | -38% | 67.8 |
| 19 |  $AM | Antero Midstream Corp | $22.5M | 1.4% | NEW | 71.6 |
| 20 |  $GNRC | GENERAC HOLDINGS INC. | $22.1M | 1.4% | +527% | 58.2 |
| 21 |  $CMI | CUMMINS INC | $22.1M | 1.4% | -18% | 58.9 |
| 22 |  $MWH | SOLV Energy, Inc. | $20.9M | 1.3% | NEW | — |
| 23 |  $EQT | EQT Corp | $20.4M | 1.3% | NEW | 83.3 |
| 24 |  $VC | VISTEON CORP | $20.1M | 1.2% | -15% | 57.6 |
| 25 |  $LAD | LITHIA MOTORS INC | $19.9M | 1.2% | NEW | 59.1 |
| 26 |  $WMG | Warner Music Group Corp. | $19.7M | 1.2% | +33% | 55.9 |
| 27 |  $TRGP | Targa Resources Corp. | $19.2M | 1.2% | +942% | 70 |
| 28 |  $VNOM | Viper Energy, Inc. | $18.8M | 1.2% | NEW | — |
| 29 |  $TRP | TC ENERGY CORP | $18.8M | 1.2% | +9% | — |
| 30 |  $RACE | Ferrari N.V. | $18.2M | 1.1% | NEW | — |
| 31 |  $APTV | Aptiv PLC | $17.5M | 1.1% | +57% | — |
| 32 |  $APLD | Applied Digital Corp. | $17.5M | 1.1% | NEW | 35.4 |
| 33 |  $BKV | BKV Corp | $17.2M | 1.1% | +706% | 71.5 |
| 34 |  $NFG | NATIONAL FUEL GAS CO | $17.1M | 1.1% | +87% | 80.4 |
| 35 |  $MYRG | MYR GROUP INC. | $15.1M | 0.9% | NEW | 61.3 |
| 36 |  $NRG | NRG ENERGY, INC. | $13.2M | 0.8% | NEW | 59.5 |
| 37 | — | WHIRLPOOL CORP | $12.9M | 0.8% | NEW | — |
| 38 |  $STLA | Stellantis N.V. | $12.6M | 0.8% | +31% | — |
| 39 |  $FE | FIRSTENERGY CORP | $12.5M | 0.8% | NEW | 61.6 |
| 40 |  $PPL | PPL Corp | $12.2M | 0.8% | NEW | 70.3 |
| 41 |  $STLD | STEEL DYNAMICS INC | $11.4M | 0.7% | NEW | 56 |
| 42 |  $OI | O-I Glass, Inc. /DE/ | $10.9M | 0.7% | NEW | 38.4 |
| 43 |  $ABG | ASBURY AUTOMOTIVE GROUP INC | $10.1M | 0.6% | +2% | 63.7 |
| 44 |  $SHEL | Shell plc | $9.9M | 0.6% | NEW | — |
| 45 |  $KNX | Knight-Swift Transportation Holdings Inc. | $9.5M | 0.6% | NEW | 49.3 |
| 46 |  $FPS | Forgent Power Solutions, Inc. | $9.5M | 0.6% | NEW | — |
| 47 |  $VIK | Viking Holdings Ltd | $9.2M | 0.6% | -50% | — |
| 48 |  $CLF | CLEVELAND-CLIFFS INC. | $9.1M | 0.6% | NEW | 35.7 |
| 49 |  $CVNA | CARVANA CO. | $9.1M | 0.6% | NEW | 69.2 |
| 50 |  $OMC | OMNICOM GROUP INC. | $9.0M | 0.6% | -28% | 60.5 |
| 51 |  $VALE | Vale S.A. | $8.9M | 0.6% | NEW | — |
| 52 |  $KOS | Kosmos Energy Ltd. | $8.8M | 0.5% | NEW | — |
| 53 |  $NVT | nVent Electric plc | $8.7M | 0.5% | NEW | — |
| 54 |  $ULS | UL Solutions Inc. | $8.6M | 0.5% | -41% | 64.1 |
| 55 |  $KALU | KAISER ALUMINUM CORP | $8.4M | 0.5% | NEW | 61 |
| 56 |  $BWA | BORGWARNER INC | $8.3M | 0.5% | NEW | 57.2 |
| 57 |  $RIVN | Rivian Automotive, Inc. / DE | $8.1M | 0.5% | NEW | 36 |
| 58 |  $SW | Smurfit Westrock plc | $8.1M | 0.5% | +139% | — |
| 59 |  $EGO | ELDORADO GOLD CORP /FI | $7.9M | 0.5% | NEW | — |
| 60 |  $HAL | HALLIBURTON CO | $7.2M | 0.4% | NEW | 50.9 |
| 61 |  $TECK | TECK RESOURCES LTD | $6.9M | 0.4% | -16% | — |
| 62 |  $BTU | PEABODY ENERGY CORP | $6.5M | 0.4% | NEW | 39.8 |
| 63 |  $BP | BP PLC | $5.9M | 0.4% | NEW | — |
| 64 |  $FLR | FLUOR CORP | $5.7M | 0.3% | +146% | 66.2 |
| 65 |  $ITT | ITT INC. | $5.7M | 0.3% | -50% | 63.1 |
| 66 |  $EXE | EXPAND ENERGY Corp | $5.1M | 0.3% | -41% | 83.9 |
| 67 |  $UGI | UGI CORP /PA/ | $4.8M | 0.3% | -41% | 70.3 |
| 68 |  $DUOT | DUOS TECHNOLOGIES GROUP, INC. | $4.8M | 0.3% | NEW | 31.8 |
| 69 |  $PKG | PACKAGING CORP OF AMERICA | $4.8M | 0.3% | NEW | 70 |
| 70 |  $AHR | American Healthcare REIT, Inc. | $4.7M | 0.3% | -67% | 63.7 |
| 71 |  $LGN | Legence Corp. | $4.5M | 0.3% | -57% | — |
| 72 |  $MDU | MDU RESOURCES GROUP INC | $4.1M | 0.3% | -60% | 31.6 |
| 73 |  $COP | CONOCOPHILLIPS | $4.1M | 0.3% | NEW | 74.8 |
| 74 |  $SARO | StandardAero, Inc. | $3.9M | 0.2% | NEW | 67.4 |
| 75 |  $TEL | TE Connectivity plc | $3.6M | 0.2% | -76% | — |
| 76 |  $DAR | DARLING INGREDIENTS INC. | $3.6M | 0.2% | -67% | 46.6 |
| 77 |  $POR | PORTLAND GENERAL ELECTRIC CO /OR/ | $2.6M | 0.2% | NEW | 59.2 |
| 78 |  $ACHR | Archer Aviation Inc. | $2.6M | 0.2% | -56% | 25 |
| 79 |  $APH | AMPHENOL CORP /DE/ | $2.3M | 0.1% | -82% | 80.5 |
| 80 |  $IP | INTERNATIONAL PAPER CO /NEW/ | $2.3M | 0.1% | NEW | 52.1 |
| 81 |  $MDLN | Medline Inc. | $2.2M | 0.1% | NEW | — |
| 82 |  $HRI | HERC HOLDINGS INC | $2.2M | 0.1% | NEW | 56.7 |
| 83 |  $DTM | DT Midstream, Inc. | $2.1M | 0.1% | -81% | 74.5 |
| 84 |  $CTVA | Corteva, Inc. | $2.0M | 0.1% | NEW | 48.4 |
| 85 |  $AGCO | AGCO CORP /DE | $2.0M | 0.1% | -82% | 50.7 |
| 86 |  $CRC | California Resources Corp | $2.0M | 0.1% | -93% | 50.2 |
| 87 |  $MIAX | MIAMI INTERNATIONAL HOLDINGS, INC. | $1.9M | 0.1% | +25% | — |
| 88 |  $JAGU | Jaguar Uranium Corp. | $1.9M | 0.1% | NEW | — |
| 89 |  $ROL | ROLLINS INC | $1.9M | 0.1% | +0% | 73.2 |
| 90 |  $VVX | V2X, Inc. | $1.7M | 0.1% | +6% | 52.1 |
| 91 |  $SWX | Southwest Gas Holdings, Inc. | $1.6M | 0.1% | NEW | — |
| 92 |  $WTTR | Select Water Solutions, Inc. | $1.5M | 0.1% | NEW | 39.1 |
| 93 |  $SRE | SEMPRA | $1.4M | 0.1% | -79% | 47.6 |
| 94 |  $VSEC | VSE CORP | $1.4M | 0.1% | NEW | 56.4 |
| 95 |  $CTRI | Centuri Holdings, Inc. | $1.3M | 0.1% | +115% | 42.7 |
| 96 |  $DOCN | DigitalOcean Holdings, Inc. | $1.2M | 0.1% | NEW | 73.7 |
| 97 | $STLACALL | Stellantis N.V. | $1.0M | — | NEW | — |
| 98 |  $KYIV | Kyivstar Group Ltd. | $1.0M | 0.1% | NEW | — |
| 99 |  $LTM | LATAM AIRLINES GROUP S.A. | $988,800 | 0.1% | NEW | — |
| 100 |  $HTO | H2O AMERICA | $880,050 | 0.1% | NEW | 65.9 |
| 101 |  $NVGS | Navigator Holdings Ltd. | $773,200 | 0.1% | NEW | — |
| 102 |  $KTOS | KRATOS DEFENSE & SECURITY SOLUTIONS, INC. | $705,100 | 0.0% | NEW | 48 |
| 103 |  $FMC | FMC CORP | $664,210 | 0.0% | NEW | 28.6 |
| 104 |  $XENE | Xenon Pharmaceuticals Inc. | $581,500 | 0.0% | NEW | 12.9 |
| 105 |  $THM | INTERNATIONAL TOWER HILL MINES LTD | $540,500 | 0.0% | NEW | — |
| 106 |  $AS | Amer Sports, Inc. | $493,800 | 0.0% | NEW | 71 |
| 107 |  $INVX | Innovex International, Inc. | $487,800 | 0.0% | NEW | 62.4 |
| 108 |  $BOBS | Bob's Discount Furniture, Inc. | $470,000 | 0.0% | NEW | — |
| 109 |  $WLTH | WEALTHFRONT CORP | $462,500 | 0.0% | -42% | — |
| 110 |  $VSNT | Versant Media Group, Inc. | $429,432 | 0.0% | NEW | — |
| 111 |  $JAN | Janus Living, Inc. | $423,388 | 0.0% | NEW | — |
| 112 |  $MCB | Metropolitan Bank Holding Corp. | $416,450 | 0.0% | NEW | 50.7 |
| 113 |  $LODE | Comstock Inc. | $381,250 | 0.0% | NEW | 23.1 |
| 114 |  $YSS | York Space Systems Inc. | $332,550 | 0.0% | NEW | — |
| 115 |  $AXGN | Axogen, Inc. | $331,300 | 0.0% | NEW | 38 |
| 116 |  $WOLF | WOLFSPEED, INC. | $326,400 | 0.0% | +100% | 28.4 |
| 117 |  $JCAP | Jefferson Capital, Inc. / DE | $288,450 | 0.0% | NEW | 46.6 |
| 118 |  $AVR | Anteris Technologies Global Corp. | $277,500 | 0.0% | NEW | — |
| 119 |  $ANDG | Andersen Group Inc. | $272,000 | 0.0% | -17% | — |
| 120 |  $EQPT | EquipmentShare.com Inc | $203,700 | 0.0% | NEW | — |
| 121 |  $PBK | POWERBANK Corp | $187,390 | 0.0% | NEW | — |
| 122 |  $RDW | Redwire Corp | $170,000 | 0.0% | NEW | 25.3 |
| 123 | — | PICS NV | $156,750 | 0.0% | NEW | — |
New Positions (72)
$WHR WHIRLPOOL CORP /DE/$70.8M$XEL XCEL ENERGY INC$31.8M$GM General Motors Co$26.1M$FANG Diamondback Energy, Inc.$25.3M$TLN Talen Energy Corp$24.3M$AM Antero Midstream Corp$22.5M$MWH SOLV Energy, Inc.$20.9M$EQT EQT Corp$20.4M$LAD LITHIA MOTORS INC$19.9M$VNOM Viper Energy, Inc.$18.8M$RACE Ferrari N.V.$18.2M$APLD Applied Digital Corp.$17.5M$MYRG MYR GROUP INC.$15.1M$NRG NRG ENERGY, INC.$13.2MExited Positions (25)
$CORZCALL Core Scientific, Inc./tx
$ES EVERSOURCE ENERGY
$GLXYPUT Galaxy Digital Inc.
$GNTX GENTEX CORP
$LBTYA Liberty Global Ltd.
$WULF TERAWULF INC.
$CNH CNH Industrial N.V.
$GFL GFL Environmental Inc.
$TXNM TXNM ENERGY INC
$TMUS T-Mobile US, Inc.
$KGS Kodiak Gas Services, Inc.$RIVNPUT Rivian Automotive, Inc. / DE
$CVX CHEVRON CORP
$MOD MODINE MANUFACTURING CO
$FSLR FIRST SOLAR, INC.Browse Top Institutional Investors
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