Covalis Capital LLP
LONDON, X0
$1.8bn in 100 US stocks at the end of 30 June 2026. The top 10 are 41.8% of the money. It changed about 53.9% of the portfolio this quarter.
Value
$1.8bn
Stocks
100
Top 10 share
41.8%
Turnover
53.9%
What changed this quarter
New
Bought for the first time this quarter.
- AmerenAEE4.0% of the fund
- American Electric PowerAEP2.7% of the fund
- Cheniere EnergyLNG2.5% of the fund
- CoreWeaveCRWV2.3% of the fund
- EmeraEMA2.2% of the fund
- APAAPA1.9% of the fund
- CleansparkCLSK1.6% of the fund
- InnioINIO1.6% of the fund
- Space Exploration TechnologiesSPCX1.5% of the fund
- Digital Realty TrustDLR1.2% of the fund
- VersigentVGNT1.2% of the fund
- AutonationAN1.2% of the fund
- Liberty GlobalLBTYA1.1% of the fund
- Cipher DigitalCIFR1.0% of the fund
- Allison Transmission HoldingsALSN0.9% of the fund
- IrenIREN0.8% of the fund
- CRH PublicCRH0.8% of the fund
- Occidental PetroleumOXY0.7% of the fund
- MastecMTZ0.7% of the fund
- Wyndham Hotels & ResortsWH0.7% of the fund
- VistraVST0.6% of the fund
- Primoris ServicesPRIM0.5% of the fund
- C. H. Robinson WorldwideCHRW0.5% of the fund
- TerexTEX0.5% of the fund
- Fervo EnergyFRVO0.4% of the fund
Added
Bought more of a stock they already held.
- Pg&ePCG8.3% of the fund+11%
- Antero ResourcesAR5.2% of the fund+185%
- Antero MidstreamAM3.9% of the fund+208%
- PPLPPL3.7% of the fund+458%
- EQTEQT2.9% of the fund+199%
- BKVBKV2.2% of the fund+134%
- General MotorsGM2.1% of the fund+38%
- BorgwarnerBWA1.9% of the fund+237%
- O-I GlassOI1.5% of the fund+171%
- Forgent Power SolutionsFPS1.1% of the fund+7%
- Vale S AVALE0.8% of the fund+63%
- Whirlpool0.7% of the fund+17%
- FluorFLR0.6% of the fund+69%
- Eldorado GoldEGO0.6% of the fund+44%
- Teck ResourcesTECK0.5% of the fund+7%
- SempraSRE0.4% of the fund+494%
- MDU Resources GroupMDU0.4% of the fund+60%
- Southwest Gas HoldingsSWX0.1% of the fund+23%
- PowerbankPBK<0.1% of the fund+45%
Cut
Sold some of their stake.
- Black HillsBKH6.2% of the fund-15%
- Core ScientificCORZ2.3% of the fund-55%
- Generac HoldingsGNRC1.7% of the fund-11%
- DanaDAN1.6% of the fund-11%
- DTE EnergyDTE1.3% of the fund-41%
- CaterpillarCAT1.3% of the fund-39%
- Group 1 AutomotiveGPI1.1% of the fund-47%
- Williams CompaniesWMB1.0% of the fund-57%
- Xcel EnergyXEL0.8% of the fund-54%
- Lithia MotorsLAD0.8% of the fund-38%
- SOLV EnergyMWH0.8% of the fund-43%
- RB GlobalRBA0.7% of the fund-69%
- NRG EnergyNRG0.6% of the fund-24%
- Targa ResourcesTRGP0.5% of the fund-53%
- Knight-Swift Transportation HoldingsKNX0.5% of the fund-32%
- WhirlpoolWHR0.4% of the fund-87%
- LegenceLGN0.4% of the fund-6%
- Warner Music GroupWMG0.3% of the fund-72%
- National Fuel GasNFG0.3% of the fund-65%
- HalliburtonHAL0.3% of the fund-27%
- VisteonVC0.2% of the fund-83%
- Asbury Automotive GroupABG0.2% of the fund-68%
- StandardAeroSARO0.2% of the fund-33%
- CumminsCMI0.1% of the fund-93%
- DT MidstreamDTM0.1% of the fund-16%
Sold out
Sold their entire stake.
- United RentalsURI-100%
- EatonETN-100%
- Diamondback EnergyFANG-100%
- OGE EnergyOGE-100%
- Talen EnergyTLN-100%
- Viper EnergyVNOM-100%
- FerrariRACE-100%
- AptivAPTV-100%
- Applied DigitalAPLD-100%
- MYR GroupMYRG-100%
- StellantisSTLA-100%
- FirstenergyFE-100%
- Steel DynamicsSTLD-100%
- ShellSHEL-100%
- Viking HoldingsVIK-100%
- Cleveland-CliffsCLF-100%
- CarvanaCVNA-100%
- Omnicom GroupOMC-100%
- Kosmos EnergyKOS-100%
- nVent ElectricNVT-100%
- UL SolutionsULS-100%
- Kaiser AluminumKALU-100%
- Rivian AutomotiveRIVN-100%
- Smurfit WestrockSW-100%
- Peabody EnergyBTU-100%
Holdings
- EmeraEMA
- Share
- 2.2%
- Value
- $39m
- Shares
- 734,477
New
- InnioINIO
- Share
- 1.6%
- Value
- $28m
- Shares
- 712,960
New
- Space Exploration TechnologiesSPCX
- Share
- 1.5%
- Value
- $26m
- Shares
- 155,000
New
- VersigentVGNT
- Share
- 1.2%
- Value
- $21m
- Shares
- 499,633
New
- TC EnergyTRP
- Share
- 1.1%
- Value
- $20m
- Shares
- 303,624
Held
- Vale S AVALE
- Share
- 0.8%
- Value
- $14m
- Shares
- 905,082
+63%
- Whirlpool
- Share
- 0.7%
- Value
- $13m
- Shares
- 369,000
+17%
- Eldorado GoldEGO
- Share
- 0.6%
- Value
- $10m
- Shares
- 332,575
+44%
- Teck ResourcesTECK
- Share
- 0.5%
- Value
- $9m
- Shares
- 143,805
+7%
- Fervo EnergyFRVO
- Share
- 0.4%
- Value
- $7m
- Shares
- 250,000
New
- EagleRock LandEROK
- Share
- 0.3%
- Value
- $6m
- Shares
- 271,486
New
- X-EnergyXE
- Share
- 0.3%
- Value
- $6m
- Shares
- 301,185
New
- DPC HoldingsDPC
- Share
- 0.3%
- Value
- $5m
- Shares
- 110,000
New
- QuantinuumQNT
- Share
- 0.2%
- Value
- $3m
- Shares
- 40,000
New
- Cerebras SystemsCBRS
- Share
- 0.1%
- Value
- $2m
- Shares
- 10,000
New
- Nouveau Monde GraphiteNMG
- Share
- 0.1%
- Value
- $2m
- Shares
- 1,363,226
New
- Hudbay MineralsHBM
- Share
- 0.1%
- Value
- $2m
- Shares
- 84,691
New
- Honeywell AerospaceHONA
- Share
- <0.1%
- Value
- $1m
- Shares
- 6,000
New
- Madison Air SolutionsMAIR
- Share
- <0.1%
- Value
- $1m
- Shares
- 30,000
New
- Octave IntelligenceOCTV
- Share
- <0.1%
- Value
- $785,676
- Shares
- 48,201
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Pg&ePCG | 8.3% | $148m | 8,772,024 | +11% |
| Black HillsBKH | 6.2% | $110m | 1,481,404 | -15% |
| Antero ResourcesAR | 5.2% | $93m | 2,634,969 | +185% |
| AmerenAEE | 4.0% | $71m | 629,746 | New |
| Antero MidstreamAM | 3.9% | $69m | 3,031,515 | +208% |
| PPLPPL | 3.7% | $65m | 1,788,306 | +458% |
| EQTEQT | 2.9% | $51m | 956,598 | +199% |
| American Electric PowerAEP | 2.7% | $48m | 350,872 | New |
| Cheniere EnergyLNG | 2.5% | $45m | 188,557 | New |
| CoreWeaveCRWV | 2.3% | $41m | 410,049 | New |
| Core ScientificCORZ | 2.3% | $40m | 1,563,413 | -55% |
| EmeraEMA | 2.2% | $39m | 734,477 | New |
| BKVBKV | 2.2% | $39m | 1,414,178 | +134% |
| General MotorsGM | 2.1% | $37m | 482,202 | +38% |
| BorgwarnerBWA | 1.9% | $34m | 514,287 | +237% |
| APAAPA | 1.9% | $33m | 1,006,739 | New |
| Generac HoldingsGNRC | 1.7% | $29m | 100,729 | -11% |
| DanaDAN | 1.6% | $29m | 1,066,246 | -11% |
| CleansparkCLSK | 1.6% | $29m | 1,973,047 | New |
| InnioINIO | 1.6% | $28m | 712,960 | New |
| O-I GlassOI | 1.5% | $27m | 2,816,191 | +171% |
| Space Exploration TechnologiesSPCX | 1.5% | $26m | 155,000 | New |
| DTE EnergyDTE | 1.3% | $24m | 155,703 | -41% |
| CaterpillarCAT | 1.3% | $22m | 20,906 | -39% |
| Digital Realty TrustDLR | 1.2% | $22m | 122,000 | New |
| VersigentVGNT | 1.2% | $21m | 499,633 | New |
| AutonationAN | 1.2% | $21m | 112,291 | New |
| TC EnergyTRP | 1.1% | $20m | 303,624 | Held |
| Forgent Power SolutionsFPS | 1.1% | $20m | 350,000 | +7% |
| Group 1 AutomotiveGPI | 1.1% | $19m | 64,293 | -47% |
| Liberty GlobalLBTYA | 1.1% | $19m | 1,645,963 | New |
| Cipher DigitalCIFR | 1.0% | $18m | 751,077 | New |
| Williams CompaniesWMB | 1.0% | $18m | 236,367 | -57% |
| Allison Transmission HoldingsALSN | 0.9% | $17m | 146,525 | New |
| Xcel EnergyXEL | 0.8% | $15m | 186,000 | -54% |
| Lithia MotorsLAD | 0.8% | $14m | 49,710 | -38% |
| IrenIREN | 0.8% | $14m | 308,405 | New |
| CRH PublicCRH | 0.8% | $14m | 128,114 | New |
| SOLV EnergyMWH | 0.8% | $14m | 400,000 | -43% |
| Vale S AVALE | 0.8% | $14m | 905,082 | +63% |
| Occidental PetroleumOXY | 0.7% | $13m | 270,898 | New |
| RB GlobalRBA | 0.7% | $13m | 112,449 | -69% |
| Whirlpool | 0.7% | $13m | 369,000 | +17% |
| MastecMTZ | 0.7% | $13m | 30,842 | New |
| Wyndham Hotels & ResortsWH | 0.7% | $12m | 137,295 | New |
| FluorFLR | 0.6% | $11m | 207,907 | +69% |
| Eldorado GoldEGO | 0.6% | $10m | 332,575 | +44% |
| VistraVST | 0.6% | $10m | 63,683 | New |
| NRG EnergyNRG | 0.6% | $10m | 68,264 | -24% |
| Targa ResourcesTRGP | 0.5% | $10m | 36,231 | -53% |
| Primoris ServicesPRIM | 0.5% | $9m | 91,093 | New |
| Knight-Swift Transportation HoldingsKNX | 0.5% | $9m | 113,215 | -32% |
| Teck ResourcesTECK | 0.5% | $9m | 143,805 | +7% |
| C. H. Robinson WorldwideCHRW | 0.5% | $8m | 44,663 | New |
| TerexTEX | 0.5% | $8m | 110,239 | New |
| SempraSRE | 0.4% | $8m | 85,265 | +494% |
| Fervo EnergyFRVO | 0.4% | $7m | 250,000 | New |
| WhirlpoolWHR | 0.4% | $7m | 175,813 | -87% |
| MDU Resources GroupMDU | 0.4% | $7m | 320,176 | +60% |
| Kinetik HoldingsKNTK | 0.4% | $7m | 135,983 | New |
| LegenceLGN | 0.4% | $6m | 75,000 | -6% |
| Modine ManufacturingMOD | 0.4% | $6m | 23,391 | New |
| Warner Music GroupWMG | 0.3% | $6m | 213,949 | -72% |
| EagleRock LandEROK | 0.3% | $6m | 271,486 | New |
| AdientADNT | 0.3% | $6m | 304,226 | New |
| X-EnergyXE | 0.3% | $6m | 301,185 | New |
| ItronITRI | 0.3% | $5m | 63,311 | New |
| DPC HoldingsDPC | 0.3% | $5m | 110,000 | New |
| ExxonMobil HoldingsXOM | 0.3% | $5m | 36,975 | New |
| Freeport-McMoRanFCX | 0.3% | $5m | 79,560 | New |
| National Fuel GasNFG | 0.3% | $5m | 64,082 | -65% |
| HalliburtonHAL | 0.3% | $5m | 134,457 | -27% |
| Sensata Technologies HoldingST | 0.3% | $4m | 93,417 | New |
| Kodiak Gas ServicesKGS | 0.3% | $4m | 59,220 | New |
| First SolarFSLR | 0.2% | $4m | 16,983 | New |
| VisteonVC | 0.2% | $4m | 37,282 | -83% |
| Asbury Automotive GroupABG | 0.2% | $3m | 16,466 | -68% |
| QuantinuumQNT | 0.2% | $3m | 40,000 | New |
| StandardAeroSARO | 0.2% | $3m | 100,000 | -33% |
| Cemex SAB de CVCX | 0.2% | $3m | 228,398 | New |
| Cerebras SystemsCBRS | 0.1% | $2m | 10,000 | New |
| NextpowerNXT | 0.1% | $2m | 17,419 | New |
| CumminsCMI | 0.1% | $2m | 2,892 | -93% |
| Nouveau Monde GraphiteNMG | 0.1% | $2m | 1,363,226 | New |
| Southwest Gas HoldingsSWX | 0.1% | $2m | 22,898 | +23% |
| CarMaxKMX | 0.1% | $2m | 38,003 | New |
| Hudbay MineralsHBM | 0.1% | $2m | 84,691 | New |
| DT MidstreamDTM | 0.1% | $2m | 13,280 | -16% |
| Sable OffshoreSOC | 0.1% | $2m | 595,911 | New |
| EchoStarECHO | <0.1% | $2m | 16,861 | New |
| Honeywell AerospaceHONA | <0.1% | $1m | 6,000 | New |
| Madison Air SolutionsMAIR | <0.1% | $1m | 30,000 | New |
| Darling IngredientsDAR | <0.1% | $1m | 21,319 | -64% |
| XPOXPO | <0.1% | $1m | 5,011 | New |
| TeslaTSLA | <0.1% | $1m | 2,428 | New |
| Murphy OilMUR | <0.1% | $948,050 | 29,117 | New |
| Jaguar UraniumJAGU | <0.1% | $868,736 | 520,201 | -26% |
| Octave IntelligenceOCTV | <0.1% | $785,676 | 48,201 | New |
| WolfspeedWOLF | <0.1% | $482,500 | 10,000 | -50% |
| PowerbankPBK | <0.1% | $351,213 | 509,005 | +45% |
Options (1)
- StellantisSTLA
- Type
- Call
- Value
- $737,040
- Contracts
- 148,000
| Company | Type | Value | Contracts |
|---|---|---|---|
| StellantisSTLA | Call | $737,040 | 148,000 |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 123.9% since 30 June 2025.
Where the money is
Utilities33.9%
Energy21.7%
Retail & consumer12.2%
Industrials10.5%
Technology7.1%
Financial services6.0%
Materials4.4%
Media & telecom1.5%
Real estate1.2%
Everyday goods0.1%
Other1.5%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.