Latest Covalis Capital LLP Stock Portfolio
Covalis Capital LLP Performance:
2024 Q3: 6.5%YTD: 9.81%2023: 16.55%
Performance for 2024 Q3 is 6.5%, and YTD is 9.81%, 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 $710.7 Millions as of 30 Sep, 2024.
The top stock holdings of Covalis Capital LLP are PCG, VLO, ETR. The fund has invested 15.4% of it's portfolio in PG&E CORP and 5.6% of portfolio in VALERO ENERGY CORP.
The fund managers got completely rid off NATIONAL GRID PLC (NGG), DEVON ENERGY CORP NEW (DVN) and FLUENCE ENERGY INC (FLNC) stocks. They significantly reduced their stock positions in HALLADOR ENERGY COMPANY (HNRG), SIBANYE STILLWATER LTD (SBSW) and EVERGY INC (EVRG). Covalis Capital LLP opened new stock positions in ENTERGY CORP NEW (ETR), LITHIA MTRS INC (LAD) and PUBLIC SVC ENTERPRISE GRP IN (PEG). The fund showed a lot of confidence in some stocks as they added substantially to VALERO ENERGY CORP (VLO), ATS CORPORATION and CARVANA CO (CVNA).
The top stock holdings of Covalis Capital LLP are PCG, VLO, ETR. The fund has invested 15.4% of it's portfolio in PG&E CORP and 5.6% of portfolio in VALERO ENERGY CORP.
The fund managers got completely rid off NATIONAL GRID PLC (NGG), DEVON ENERGY CORP NEW (DVN) and FLUENCE ENERGY INC (FLNC) stocks. They significantly reduced their stock positions in HALLADOR ENERGY COMPANY (HNRG), SIBANYE STILLWATER LTD (SBSW) and EVERGY INC (EVRG). Covalis Capital LLP opened new stock positions in ENTERGY CORP NEW (ETR), LITHIA MTRS INC (LAD) and PUBLIC SVC ENTERPRISE GRP IN (PEG). The fund showed a lot of confidence in some stocks as they added substantially to VALERO ENERGY CORP (VLO), ATS CORPORATION and CARVANA CO (CVNA).
Covalis Capital LLP Annual Return Estimates Vs S&P 500
Our best estimate is that Covalis Capital LLP made a return of 6.5% in the last quarter. In trailing 12 months, it's portfolio return was 15.22%.
New Buys
| Ticker | $ Bought |
|---|---|
| entergy corp new | 36,945,700 |
| lithia mtrs inc | 35,755,800 |
| public svc enterprise grp in | 29,892,000 |
| autoliv inc | 28,401,900 |
| general mtrs co | 21,877,800 |
| targa res corp | 21,041,000 |
| dt midstream inc | 18,470,900 |
| ovintiv inc | 11,009,600 |
New stocks bought by Covalis Capital LLP
Additions
| Ticker | % Inc. |
|---|---|
| valero energy corp | 607 |
| ats corporation | 584 |
| carvana co | 202 |
| aptiv plc | 116 |
| pg&e corp | 56.71 |
| adient plc | 54.78 |
| alliant energy corp | 44.04 |
| vertiv holdings co | 36.82 |
Additions to existing portfolio by Covalis Capital LLP
Reductions
| Ticker | % Reduced |
|---|---|
| hallador energy company | -95.68 |
| sibanye stillwater ltd | -84.41 |
| evergy inc | -75.22 |
| nextdecade corp | -71.79 |
| vistra corp | -69.77 |
| group 1 automotive inc | -67.39 |
| o-i glass inc | -63.75 |
| ge vernova inc | -55.67 |
Covalis Capital LLP reduced stake in above stock
Sold off
| Ticker | $ Sold |
|---|---|
| fluence energy inc | -34,196,900 |
| clean energy fuels corp | -4,894,260 |
| ford mtr co del | -20,546,900 |
| national grid plc | -86,923,600 |
| devon energy corp new | -52,496,400 |
| liberty global ltd | -12,178,000 |
| ppl corp | -12,948,100 |
| nrg energy inc | -33,338,700 |
Covalis Capital LLP got rid off the above stocks
Sector Distribution
Covalis Capital LLP has about 44.6% of it's holdings in Utilities sector.
| Sector | % |
|---|---|
| Utilities | 44.6 |
| Consumer Cyclical | 24.8 |
| Energy | 14.9 |
| Others | 9 |
| Industrials | 4.6 |
| Technology | 1.9 |
Market Cap. Distribution
Covalis Capital LLP has about 69.9% of it's portfolio invested in the large-cap and mega-cap stocks.
| Category | % |
|---|---|
| LARGE-CAP | 69.9 |
| MID-CAP | 20 |
| UNALLOCATED | 9 |
| SMALL-CAP | 1.1 |
Stocks belong to which Index?
About 70.6% of the stocks held by Covalis Capital LLP either belong to S&P 500 or RUSSELL 2000 index.
| Index | % |
|---|---|
| S&P 500 | 63 |
| Others | 29.3 |
| RUSSELL 2000 | 7.6 |
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 47 stocks in it's portfolio. About 54.7% of the portfolio is in top 10 stocks. VLO proved to be the most loss making stock for the portfolio. PCG was the most profitable stock for Covalis Capital LLP last quarter.
Last Reported on: 14 Nov, 2024| Ticker | Namesorted ascending | % Portfolio | Shares Held | $ Value | Type | % Change | Options | |
|---|---|---|---|---|---|---|---|---|
| ABG | asbury automotive group inc | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| ADNT | adient plc | 0.88 | 276,009 | 6,229,520 | added | 54.78 | ||
| AEE | ameren corp | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| AL | air lease corp | 0.30 | 47,216 | 2,138,410 | new | |||
| ALV | autoliv inc | 4.00 | 304,187 | 28,401,900 | new | |||
| APLD | applied digital corp | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| APTV | aptiv plc | 4.23 | 417,369 | 30,054,700 | added | 116 | ||
| ARRY | array technologies inc | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| BAK | braskem s a | 0.95 | 923,637 | 6,779,500 | new | |||
| BWA | borgwarner inc | 2.29 | 448,572 | 16,278,700 | reduced | -18.91 | ||
| CC | chemours co | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| CF | cf inds hldgs inc | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| CLNE | clean energy fuels corp | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| CMCL | caledonia mng corp plc | 0.03 | 13,004 | 194,540 | new | |||
| CRGY | crescent energy company | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| CTVA | corteva inc | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| CVNA | carvana co | 1.82 | 74,361 | 12,947,000 | added | 202 | ||
| DD | dupont de nemours inc | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| DTE | dte energy co | 1.43 | 79,235 | 10,174,600 | new | |||
| DTM | dt midstream inc | 2.60 | 234,820 | 18,470,900 | new | |||