Covalis Capital LLP — 13F Holdings & Portfolio
CIK 1698819 · latest 13F-HR filed 2026-05-15
Covalis Capital LLP manages $1.63B in 13F-reported U.S. long-equity assets across 123 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are PCG (8.55%), BKH (7.48%), URI (4.86%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 71 new positions, exited 22, added to 19, and trimmed 30.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
$1.63B
Long-equity book
123
Distinct positions
2026-03-31
Filed 2026-05-15
+71 / −22 / ↑19 / ↓30
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- UNITED RENTALS INC$54.2M +218.1%
- EATON CORP PLC$45.4M +166.8%
- DTE ENERGY CO$33.3M +675.1%
- ANTERO RESOURCES CORP$24.3M +162.7%
- GROUP 1 AUTOMOTIVE INC$19.9M +97.0%
Top Trims
- CORE SCIENTIFIC INC NEW-$25.8M -33.2%
- BLACK HILLS CORP-$21.1M -14.8%
- PG&E CORP-$20.0M -12.6%
- CALIFORNIA RES CORP-$15.1M -88.6%
- TE CONNECTIVITY PLC-$12.8M -77.8%
New Positions
- WHIRLPOOL CORP$70.8M
- XCEL ENERGY INC$31.8M
- GENERAL MTRS CO$26.1M
- DIAMONDBACK ENERGY INC$25.3M
- TALEN ENERGY CORP$24.3M
Exited Positions
- EVERSOURCE ENERGY$76.8M
- GENTEX CORP$40.4M
- LIBERTY GLOBAL LTD$31.3M
- TERAWULF INC$27.9M
- CNH INDL N V$24.4M
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | PG&E CORP | PCG | 69331C108 | $139.0M | 8.55% | 7,913,377 | SH |
| 2 | BLACK HILLS CORP | BKH | 092113109 | $121.7M | 7.48% | 1,752,846 | SH |
| 3 | UNITED RENTALS INC | URI | 911363109 | $79.0M | 4.86% | 108,487 | SH |
| 4 | EATON CORP PLC | ETN | G29183103 | $72.7M | 4.47% | 203,223 | SH |
| 5 | WHIRLPOOL CORP | WHR | 963320106 | $70.8M | 4.35% | 1,312,304 | SH |
| 6 | CORE SCIENTIFIC INC NEW | CORZ | 21874A106 | $51.9M | 3.20% | 3,472,029 | SH |
| 7 | GROUP 1 AUTOMOTIVE INC | GPI | 398905109 | $40.4M | 2.48% | 122,127 | SH |
| 8 | DANA INC | DAN | 235825205 | $40.4M | 2.48% | 1,199,138 | SH |
| 9 | WILLIAMS COS INC | WMB | 969457100 | $40.2M | 2.47% | 552,506 | SH |
| 10 | ANTERO RESOURCES CORP | AR | 03674X106 | $39.2M | 2.41% | 923,808 | SH |
| 11 | DTE ENERGY CO | DTE | 233331107 | $38.3M | 2.36% | 261,855 | SH |
| 12 | RB GLOBAL INC | RBA | 74935Q107 | $34.4M | 2.12% | 359,281 | SH |
| 13 | XCEL ENERGY INC | XEL | 98389B100 | $31.8M | 1.96% | 400,817 | SH |
| 14 | GENERAL MTRS CO | GM | 37045V100 | $26.1M | 1.60% | 349,777 | SH |
| 15 | DIAMONDBACK ENERGY INC | FANG | 25278X109 | $25.3M | 1.56% | 128,110 | SH |
| 16 | OGE ENERGY CORP | OGE | 670837103 | $24.4M | 1.50% | 508,422 | SH |
| 17 | TALEN ENERGY CORP | TLN | 87422Q109 | $24.3M | 1.50% | 76,237 | SH |
| 18 | CATERPILLAR INC | CAT | 149123101 | $24.1M | 1.48% | 34,059 | SH |
| 19 | ANTERO MIDSTREAM CORP | AM | 03676B102 | $22.5M | 1.38% | 985,162 | SH |
| 20 | GENERAC HLDGS INC | GNRC | 368736104 | $22.1M | 1.36% | 113,051 | SH |
| 21 | CUMMINS INC | CMI | 231021106 | $22.1M | 1.36% | 41,008 | SH |
| 22 | SOLV ENERGY INC | MWH | 78475V103 | $20.9M | 1.29% | 697,110 | SH |
| 23 | EQT CORP | EQT | 26884L109 | $20.4M | 1.25% | 319,919 | SH |
| 24 | VISTEON CORP | VC | 92839U206 | $20.1M | 1.23% | 220,164 | SH |
| 25 | LITHIA MTRS INC | LAD | 536797103 | $19.9M | 1.23% | 79,868 | SH |
| 26 | WARNER MUSIC GROUP CORP | WMG | 934550203 | $19.7M | 1.21% | 771,307 | SH |
| 27 | TARGA RES CORP | TRGP | 87612G101 | $19.2M | 1.18% | 76,617 | SH |
| 28 | VIPER ENERGY INC | VNOM | 64361Q101 | $18.8M | 1.16% | 400,000 | SH |
| 29 | TC ENERGY CORP | TRP | 87807B107 | $18.8M | 1.16% | 300,700 | SH |
| 30 | FERRARI N V | RACE | N3167Y103 | $18.2M | 1.12% | 53,740 | SH |
| 31 | APTIV PLC | APTV | G3265R107 | $17.5M | 1.08% | 252,462 | SH |
| 32 | APPLIED DIGITAL CORP | APLD | 038169207 | $17.5M | 1.08% | 738,143 | SH |
| 33 | BKV CORP | BKV | 05603J108 | $17.2M | 1.06% | 604,211 | SH |
| 34 | NATIONAL FUEL GAS CO | NFG | 636180101 | $17.1M | 1.05% | 182,217 | SH |
| 35 | MYR GROUP INC | MYRG | 55405W104 | $15.1M | 0.93% | 53,546 | SH |
| 36 | NRG ENERGY INC | NRG | 629377508 | $13.2M | 0.81% | 90,000 | SH |
| 37 | WHIRLPOOL CORP | WHRPA | 963320205 | $12.9M | 0.79% | 315,000 | SH |
| 38 | STELLANTIS N.V | STLA | N82405106 | $12.6M | 0.77% | 1,784,868 | SH |
| 39 | FIRSTENERGY CORP | FE | 337932107 | $12.5M | 0.77% | 246,147 | SH |
| 40 | PPL CORP | PPL | 69351T106 | $12.2M | 0.75% | 320,294 | SH |
| 41 | STEEL DYNAMICS INC | STLD | 858119100 | $11.4M | 0.70% | 63,385 | SH |
| 42 | O-I GLASS INC | OI | 67098H104 | $10.9M | 0.67% | 1,039,633 | SH |
| 43 | ASBURY AUTOMOTIVE GROUP INC | ABG | 043436104 | $10.1M | 0.62% | 51,719 | SH |
| 44 | SHELL PLC | SHEL | 780259305 | $9.9M | 0.61% | 106,629 | SH |
| 45 | KNIGHT-SWIFT TRANSN HLDGS IN | KNX | 499049104 | $9.5M | 0.59% | 165,739 | SH |
| 46 | FORGENT POWER SOLUTIONS INC | FPS | 34631F102 | $9.5M | 0.59% | 325,741 | SH |
| 47 | VIKING HOLDINGS LTD | VIK | G93A5A101 | $9.2M | 0.57% | 125,000 | SH |
| 48 | CLEVELAND-CLIFFS INC NEW | CLF | 185899101 | $9.1M | 0.56% | 1,080,308 | SH |
| 49 | CARVANA CO | CVNA | 146869102 | $9.1M | 0.56% | 28,821 | SH |
| 50 | OMNICOM GROUP INC | OMC | 681919106 | $9.0M | 0.55% | 119,608 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-05-15 | $1.63B | 123 | 0001172661-26-002319 |
| 2025-12-31 | 2026-02-17 | $1.42B | 76 | 0001172661-26-000950 |
| 2025-09-30 | 2025-11-14 | $858.3M | 54 | 0001172661-25-004932 |