Data as of Q4 2025 (Dec 31, 2025)

Covalis Capital LLP

•CIK: 1698819•Filing: Q4 2025

**Covalis Capital LLP** manages $1.3B across a diversified portfolio of 75 positions. The firm maintains significant exposure to key names, notably holding PCG at $159.0M and BKH at $142.8M. Further concentration is visible in CORZ ($77.8M) and ES ($76.8M). This positioning suggests a focused, large-cap tilt within its current investment mandate.

Total AUM
$1.3B
+ $66.2M in options
QoQ Performance
+49.2%
Positions
73
+ 2 options
Top 10 Concentration
51.9%
Latest Filing
Q4 2025

Top Holdings Allocation

PCG
BKH
CORZ
ES
PCG11.8%
BKH10.6%
CORZ5.8%
ES5.7%
GLXY4.4%
4DH3.1%
GNTX3.0%
WMB2.9%

📈 Biggest Buys

BKH
BLACK HILLS CORP
NEW
10.6% of portfolio
CORZ
CORE SCIENTIFIC INC NEW
NEW
5.8% of portfolio
ES
EVERSOURCE ENERGY
+518.5%
5.7% of portfolio
GLXYPUT
GALAXY DIGITAL INC.
NEW
4.4% of portfolio
WULF
TERAWULF INC
NEW
2.1% of portfolio

📉 Biggest Sells

TRP
TC ENERGY CORP
-86.5%
1.1% of portfolio
FSLR
FIRST SOLAR INC
-88.5%
0.4% of portfolio
TRGP
TARGA RES CORP
-91.2%
0.1% of portfolio
MBLY
MOBILEYE GLOBAL INC
-68.7%
0.2% of portfolio
CMI
CUMMINS INC
-21.2%
1.9% of portfolio

Sector Breakdown

Other97.0%
Industrial2.3%
Communication0.7%

🚪 Exited Positionssold since Q3 2025

XEL
XCEL ENERGY INC
SOLD
$29.8M
GM
GENERAL MTRS CO
SOLD
$27.4M
EIX
EDISON INTL
SOLD
$26.2M
NEE
NEXTERA ENERGY INC
SOLD
$18.7M
OSK
OSHKOSH CORP
SOLD
$17.7M
+22 more exited positions

Changes from Q3 2025

NEW48 new positions
↑14 increased
↓12 decreased

Historical Filings

Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023

📌 Top Holdings

PCG11.8%
PG&E CORP
$159.0M
BKH10.6%
BLACK HILLS CORP
$142.8M
CORZ5.8%
CORE SCIENTIFIC INC NEW
$77.8M
ES5.7%
EVERSOURCE ENERGY
$76.8M
GLXY4.4%
GALAXY DIGITAL INC.
$58.8M

⚖️ Compare Fund

Compare this fund's holdings with other hedge funds.

🎯 Fund Movement Signals

See AI-analyzed fund movement signals and accumulation patterns.

👤 Insider Trading

See what corporate insiders are buying and selling.