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Covalis Capital LLP — 13F Holdings & Portfolio

CIK 1698819 · latest 13F-HR filed 2026-08-13

Backtest portfolio

Covalis Capital LLP manages $1.77B in 13F-reported U.S. long-equity assets across 101 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are PCG (8.33%), BKH (6.22%), AR (5.22%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 52 new positions and exited 74; 22 existing positions rose in reported value and 25 fell.

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.

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AUM
$1.77B

Long-equity book

Holdings
101

Distinct positions

Period
2026-06-30

Filed 2026-08-13

Q/Q Activity
+52 / −74 / ↑22 / ↓25

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26
PCG8.3% · +11%BKH6.2% · -16%AR5.2% · +185%AEE4.0% · newAM3.9% · +208%PPL3.7% · +458%EQT2.9% · +199%AEP2.7% · newLNG2.5% · newCRWV2.3% · newCORZ2.3% · -55%EMA2.2% · newBKV2.2% · +134%GM2.1% · +38%BWA1.9% · +237%APA1.9% · newGNRC1.7% · -11%DAN1.6% · -11%CLSK1.6% · newINIO1.6% · newOI1.5% · +171%SPCX1.5% · newDTE1.3% · -40%CAT1.3% · -39%DLR1.2% · newVGNT1.2% · newAN1.2% · newTRP1.1% · +1%FPS1.1% · +7%GPI1.1% · -47%LBTYA1.1% · newCIFR1.0% · newWMB1.0% · -57%ALSN0.9% · newXEL0.8% · -54%LAD0.8% · -38%IREN0.8% · newCRH0.8% · newMWH0.8% · -43%VALE0.8% · +62%OXY0.7% · newRBA0.7% · -69%WHRPA0.7% · +17%MTZ0.7% · newWH0.7% · newFLR0.6% · +69%EGO0.6% · +44%VST0.6% · newNRG0.6% · -24%TRGP0.5% · -53%PRIM0.5% · newKNX0.5% · -32%TECK0.5% · +7%CHRW0.5% · newTEX0.5% · newSRE0.4% · +494%FRVO0.4% · newWHR0.4% · -87%MDU0.4% · +60%KNTK0.4% · new

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

4 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 41.8%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People
Address
11 CHARLES II STREET
LONDON SW1Y 4QU
United Kingdom
Phone
44 203 540 6865
Website
Name Title / Status Ownership Type
COVALIS CAPITAL (CAYMAN) LIMITED ControlOWNER75% or moreForeign Entity
COVALIS CAPITAL (UK) LIMITED ControlMEMBER OF THE LLP75% or moreForeign Entity
COVALIS CAPITAL GP LIMITED ControlGENERAL PARTNERGeneral partnerForeign Entity
COVALIS CAPITAL LP ControlOWNER75% or moreForeign Entity
DE LA ROSA, JOSE, RAMON ControlMEMBER OF THE LLPLess than 5%Individual
IGE INVESTMENTS LIMITED ControlLIMITED PARTNER75% or moreForeign Entity
IGE INVESTMENTS LIMITED ControlSHAREHOLDER50–75%Foreign Entity
MECELIS, ZILVINAS ControlSHAREHOLDER75% or moreIndividual
MECELIS, ZILVINAS ControlMEMBER OF EXECUTIVE COMMITTEELess than 5%Individual
MURPHY, PETER, JOHN ControlMEMBER OF THE LLP, MEMBER OF THE EXECUTIVE COMMITTEELess than 5%Individual
WEST, KATRINA, ANN ControlCHIEF COMPLIANCE OFFICER, MEMBER OF THE LLP, DIRECTOR, COVALIS CAPITAL (UK) LIMITEDLess than 5%Individual
MURPHY, PETER, JOHNSHAREHOLDER25–50%Individual

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Top Adds (vs prior quarter)

Show all 22 →

Top Trims

Show all 25 →

New Positions

Show all 52 →

Exited Positions

Show all 74 →

Covalis Capital LLP Holdings (2026-06-30)

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 $147.5M 8.33% 8,772,024 SH
2 BLACK HILLS CORP BKH 092113109 $110.2M 6.22% 1,481,404 SH
3 ANTERO RESOURCES CORP AR 03674X106 $92.6M 5.22% 2,634,969 SH
4 AMEREN CORP AEE 023608102 $71.2M 4.02% 629,746 SH
5 ANTERO MIDSTREAM CORP AM 03676B102 $69.0M 3.89% 3,031,515 SH
6 PPL CORP PPL 69351T106 $65.0M 3.67% 1,788,306 SH
7 EQT CORP EQT 26884L109 $50.9M 2.87% 956,598 SH
8 AMERICAN ELEC PWR CO INC AEP 025537101 $48.0M 2.71% 350,872 SH
9 CHENIERE ENERGY INC LNG 16411R208 $45.1M 2.54% 188,557 SH
10 COREWEAVE INC CRWV 21873S108 $40.8M 2.30% 410,049 SH
11 CORE SCIENTIFIC INC NEW CORZ 21874A106 $40.0M 2.26% 1,563,413 SH
12 EMERA INC EMA 290876101 $38.9M 2.20% 734,477 SH
13 BKV CORP BKV 05603J108 $38.7M 2.18% 1,414,178 SH
14 GENERAL MTRS CO GM 37045V100 $37.2M 2.10% 482,202 SH
15 BORGWARNER INC BWA 099724106 $34.1M 1.93% 514,287 SH
16 APA CORPORATION APA 03743Q108 $32.8M 1.85% 1,006,739 SH
17 GENERAC HLDGS INC GNRC 368736104 $29.5M 1.66% 100,729 SH
18 DANA INC DAN 235825205 $29.0M 1.64% 1,066,246 SH
19 CLEANSPARK INC CLSK 18452B209 $28.7M 1.62% 1,973,047 SH
20 INNIO NV INIO N52A8C105 $28.2M 1.59% 712,960 SH
21 O-I GLASS INC OI 67098H104 $27.1M 1.53% 2,816,191 SH
22 SPACE EXPLORATION TECHN CORP SPCX 84615Q103 $26.5M 1.49% 155,000 SH
23 DTE ENERGY CO DTE 233331107 $23.7M 1.34% 155,703 SH
24 CATERPILLAR INC CAT 149123101 $22.3M 1.26% 20,906 SH
25 DIGITAL RLTY TR INC DLR 253868103 $21.9M 1.24% 122,000 SH
26 VERSIGENT PLC VGNT G9600F104 $21.0M 1.18% 499,633 SH
27 AUTONATION INC AN 05329W102 $20.9M 1.18% 112,291 SH
28 TC ENERGY CORP TRP 87807B107 $20.1M 1.14% 303,624 SH
29 FORGENT POWER SOLUTIONS INC FPS 34631F102 $19.6M 1.10% 350,000 SH
30 GROUP 1 AUTOMOTIVE INC GPI 398905109 $18.7M 1.06% 64,293 SH
31 LIBERTY GLOBAL LTD LBTYA G61188101 $18.7M 1.06% 1,645,963 SH
32 CIPHER DIGITAL INC CIFR 17253J106 $18.4M 1.04% 751,077 SH
33 WILLIAMS COS INC WMB 969457100 $17.6M 0.99% 236,367 SH
34 ALLISON TRANSMISSION HLDGS I ALSN 01973R101 $16.5M 0.93% 146,525 SH
35 XCEL ENERGY INC XEL 98389B100 $14.9M 0.84% 186,000 SH
36 LITHIA MTRS INC LAD 536797103 $14.4M 0.81% 49,710 SH
37 IREN LIMITED IREN Q4982L109 $14.1M 0.80% 308,405 SH
38 CRH PLC CRH G25508105 $13.7M 0.77% 128,114 SH
39 SOLV ENERGY INC MWH 78475V103 $13.6M 0.77% 400,000 SH
40 VALE S A VALE 91912E105 $13.6M 0.77% 905,082 SH
41 OCCIDENTAL PETE CORP OXY 674599105 $13.2M 0.74% 270,898 SH
42 RB GLOBAL INC RBA 74935Q107 $13.1M 0.74% 112,449 SH
43 WHIRLPOOL CORP WHRPA 963320205 $13.0M 0.73% 369,000 SH
44 MASTEC INC MTZ 576323109 $12.8M 0.72% 30,842 SH
45 WYNDHAM HOTELS & RESORTS INC WH 98311A105 $11.6M 0.65% 137,295 SH
46 FLUOR CORP FLR 343412102 $10.9M 0.61% 207,907 SH
47 ELDORADO GOLD CORP NEW EGO 284902509 $10.3M 0.58% 332,575 SH
48 VISTRA CORP VST 92840M102 $10.1M 0.57% 63,683 SH
49 NRG ENERGY INC NRG 629377508 $10.0M 0.56% 68,264 SH
50 TARGA RES CORP TRGP 87612G101 $9.7M 0.55% 36,231 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-13 $1.77B 101 0001172661-26-003382
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
Filer Information
Address
11 CHARLES II STREET
2ND FLOOR
LONDON SW1Y 4QU
Phone
00442035406864
Filing Manager
Covalis Capital LLP
LONDON, X0
Signatory
Katrina West
Chief Compliance Officer