Latest Covalis Capital LLP Stock Portfolio

$735Million– No. of Holdings #59

Covalis Capital LLP Performance:

2024 Q2: 2.12%YTD: 3.11%2023: 16.55%

Performance for 2024 Q2 is 2.12%, and YTD is 3.11%, and 2023 is 16.55%.

About Covalis Capital LLP and 13F Hedge Fund Stock Holdings

Covalis Capital LLP is a hedge fund based in NEW YORK, NY. On 30-Mar-2018, the fund reported that it had an AUM (Regulated Assets under Management) of $741.2 Millions. In it's latest 13F Holdings report, Covalis Capital LLP reported an equity portfolio of $735.6 Millions as of 30 Jun, 2024.

The top stock holdings of Covalis Capital LLP are NGG, PCG, DVN. The fund has invested 11.8% of it's portfolio in NATIONAL GRID PLC and 8.4% of portfolio in PG&E CORP.

The fund managers got completely rid off ONEOK INC NEW (OKE), CENOVUS ENERGY INC and NEXTERA ENERGY PARTNERS LP (NEP) stocks. They significantly reduced their stock positions in NEXTERA ENERGY INC (NEE), NISOURCE INC (NI) and FIRST SOLAR INC (FSLR). Covalis Capital LLP opened new stock positions in NATIONAL GRID PLC (NGG), DEVON ENERGY CORP NEW (DVN) and PINNACLE WEST CAP CORP (PNW). The fund showed a lot of confidence in some stocks as they added substantially to VERTIV HOLDINGS CO (VRT), CHEMOURS CO (CC) and O-I GLASS INC (OI).

Covalis Capital LLP Equity Portfolio Value

Last Reported on: 13 Aug, 2024

Covalis Capital LLP Annual Return Estimates Vs S&P 500

Our best estimate is that Covalis Capital LLP made a return of 2.12% in the last quarter. In trailing 12 months, it's portfolio return was 20.77%.

New Buys

Ticker	$ Bought
national grid plc	86,923,600
devon energy corp new	52,496,400
pinnacle west cap corp	42,206,700
nrg energy inc	33,338,700
evergy inc	24,270,700
ford mtr co del	20,546,900
edison intl	20,141,300
borgwarner inc	17,834,400

New stocks bought by Covalis Capital LLP

Additions

Ticker	% Inc.
vertiv holdings co	279
chemours co	279
o-i glass inc	267
tyson foods inc	100
sibanye stillwater ltd	66.29
fluence energy inc	62.78
primoris svcs corp	59.02
corteva inc	58.86

Additions to existing portfolio by Covalis Capital LLP

Reductions

Ticker	% Reduced
nextera energy inc	-89.65
nisource inc	-71.29
first solar inc	-67.7
ppl corp	-53.04
pg&e corp	-47.15
fluor corp new	-46.86
liberty global ltd	-43.66
crescent energy company	-33.71

Covalis Capital LLP reduced stake in above stock

Sold off

Ticker	$ Sold
blackberry ltd	-9,895,110
cenovus energy inc	-51,642,100
bloom energy corp	-20,157,300
sunnova energy intl inc.	-6,992,990
nextera energy partners lp	-27,999,200
xpeng inc	-7,143,510
oneok inc new	-68,432,200
general mtrs co	-16,182,200

Covalis Capital LLP got rid off the above stocks

Sector Distribution

Covalis Capital LLP has about 41.6% of it's holdings in Utilities sector.

Sector	%
Utilities	41.6
Others	22.5
Consumer Cyclical	13.8
Energy	12.1
Industrials	5.7
Basic Materials	2.2
Technology	1.3

Market Cap. Distribution

Covalis Capital LLP has about 57% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
LARGE-CAP	57
UNALLOCATED	22.5
MID-CAP	10.1
SMALL-CAP	9.4

Stocks belong to which Index?

About 72.5% of the stocks held by Covalis Capital LLP either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	54.4
Others	27.6
RUSSELL 2000	18.1

Top 5 Winners (%)		%
WULF	terawulf inc	96.9 %
APLD	applied digital corp	59.5 %
NEXT	nextdecade corp	37.8 %
HNRG	hallador energy company	25.8 %
CVNA	carvana co	22.8 %

Top 5 Winners ($)		$
NEE	nextera energy inc	14.9 M
PCG	pg&e corp	5.2 M
FSLR	first solar inc	3.0 M
NEXT	nextdecade corp	2.6 M
NI	nisource inc	1.5 M

Top 5 Losers (%)		%
OI	o-i glass inc	-21.3 %
ARRY	array technologies inc	-18.5 %
CC	chemours co	-14.7 %
MYRG	myr group inc del	-13.6 %
ADNT	adient plc	-13.4 %

Top 5 Losers ($)		$
OI	o-i glass inc	-3.7 M
DVN	devon energy corp new	-2.7 M
MYRG	myr group inc del	-1.3 M
BWA	borgwarner inc	-1.0 M
APTV	aptiv plc	-0.9 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 59 stocks in it's portfolio. About 53.5% of the portfolio is in top 10 stocks. OI proved to be the most loss making stock for the portfolio. NEE was the most profitable stock for Covalis Capital LLP last quarter.

Last Reported on: 13 Aug, 2024

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
ABG	asbury automotive group inc	1.35	43,658	9,948,350	reduced	-29.35

ADNT	adient plc	0.60	178,329	4,406,510	new

AEE	ameren corp	0.68	70,599	5,020,300	new

ALV	autoliv inc	0.00	0.00	0.00	sold off	-100

APLD	applied digital corp	0.09	110,558	657,820	new

APTV	aptiv plc	1.85	193,003	13,591,300	new

ARRY	array technologies inc	0.52	369,013	3,786,070	new

BB	blackberry ltd	0.00	0.00	0.00	sold off	-100

BE	bloom energy corp	0.00	0.00	0.00	sold off	-100

BWA	borgwarner inc	2.42	553,176	17,834,400	new

CC	chemours co	0.63	205,502	4,638,180	added	279

CF	cf inds hldgs inc	0.17	17,320	1,283,760	new

CLNE	clean energy fuels corp	0.66	1,833,060	4,894,260	new

CRGY	crescent energy company	0.40	248,599	2,945,900	reduced	-33.71

CTVA	corteva inc	0.95	129,382	6,978,860	added	58.86

CVNA	carvana co	0.43	24,590	3,165,220	new

DD	dupont de nemours inc	0.27	24,656	1,984,560	new

DVN	devon energy corp new	7.14	1,107,520	52,496,400	new

EIX	edison intl	2.74	280,480	20,141,300	new

ENB	enbridge inc	0.00	0.00	0.00	sold off	-100