Covalis Capital LLP
Covalis Capital LLP reported 100 US-listed holdings worth $1.77 billion in its 13F for the quarter ended 30 June 2026, filed 13 August 2026. Its largest: Pg&E Corp. (8.3%), Black Hills Corp. (6.2%) and Antero Resources Corp. (5.2%). Against the quarter before, it opened 52 positions, added to 20, trimmed 28 and sold out of 74.
Reported holdings$1.77B+9.0% on Q1 2026
Positions100-22 on Q1 2026
The largest ten41.8%of its reported holdings
Latest 13FQ2 2026filed 13 August 2026
OpenedAdded toTrimmed
The 14 largest of its 100 positions, each sized by its share of the reported holdings, coloured by the change in shares against Q1 2026.
What the fund reported holding at each quarter's end; hover a bar for the number of positions
What it did on the quarter
Opened 52Added 20Trimmed 28Sold out 74
Its positions against its 13F for the quarter to 31 March 2026; a change under 0.1% of a position counts as held
Opened 52
- Ameren Corp. AEE$71.2 million
- American Electric Power Co. Inc. AEP$48.0 million
- Cheniere Energy Inc. LNG$45.1 million
- Coreweave Inc. CRWV$40.8 million
- Emera Inc. F EMA$38.9 million
- APA Corp. APA$32.8 million
- Cleanspark Inc. CLSK$28.7 million
- Innio NV INIO$28.2 million
and 44 more in the table below
Added to 20
- Antero Resources Corp. AR+1.7 million shares · +185%
- PPL Corp. PPL+1.5 million shares · +458%
- Antero Midstream Corp. AM+2.0 million shares · +208%
- EQT Corp. EQT+636,679 shares · +199%
- Borgwarner Inc. BWA+361,586 shares · +237%
- BKV Corp. BKV+809,967 shares · +134%
- O-I Glass, Inc. OI+1.8 million shares · +171%
- Pg&E Corp. PCG+858,647 shares · +11%
and 12 more in the table below
Trimmed 28
- Core Scientific Inc. New CORZ-1.9 million shares · -55%
- Whirlpool Corp. WHR-1.1 million shares · -87%
- RB Global Inc. RBA-246,832 shares · -69%
- Cummins Inc. CMI-38,116 shares · -93%
- Williams Companies, Inc. WMB-316,139 shares · -57%
- Black Hills Corp. BKH-271,442 shares · -15%
- Visteon Corp. VC-182,882 shares · -83%
- Xcel Energy Inc. XEL-214,817 shares · -54%
and 20 more in the table below
Sold out of 74
- United Rentals, Inc. URI$79.0 million last quarter
- Eaton Corp. plc ETN$72.7 million last quarter
- Diamondback Energy, Inc. FANG$25.3 million last quarter
- OGE Energy Corp. OGE$24.4 million last quarter
- Talen Energy Corp. TLN$24.3 million last quarter
- Viper Energy, Inc. VNOM$18.8 million last quarter
- Ferrari N.V. RACE$18.2 million last quarter
- Aptiv plc APTV$17.5 million last quarter
What it holds
| Company | Shares | Value | Of its book | Change in shares |
|---|---|---|---|---|
| Pg&E Corp. PCG | 8,772,024 | $147.5 million | 8.33% | +858,647 |
| Black Hills Corp. BKH | 1,481,404 | $110.2 million | 6.22% | -271,442 |
| Antero Resources Corp. AR | 2,634,969 | $92.6 million | 5.23% | +1,711,161 |
| Ameren Corp. AEE | 629,746 | $71.2 million | 4.02% | new |
| Antero Midstream Corp. AM | 3,031,515 | $69.0 million | 3.89% | +2,046,353 |
| PPL Corp. PPL | 1,788,306 | $65.0 million | 3.67% | +1,468,012 |
| EQT Corp. EQT | 956,598 | $50.9 million | 2.87% | +636,679 |
| American Electric Power Co. Inc. AEP | 350,872 | $48.0 million | 2.71% | new |
| Cheniere Energy Inc. LNG | 188,557 | $45.1 million | 2.54% | new |
| Coreweave Inc. CRWV | 410,049 | $40.8 million | 2.30% | new |
| Core Scientific Inc. New CORZ | 1,563,413 | $40.0 million | 2.26% | -1,908,616 |
| Emera Inc. F EMA | 734,477 | $38.9 million | 2.20% | new |
| BKV Corp. BKV | 1,414,178 | $38.7 million | 2.18% | +809,967 |
| General Motors Co. GM | 482,202 | $37.2 million | 2.10% | +132,425 |
| Borgwarner Inc. BWA | 514,287 | $34.1 million | 1.93% | +361,586 |
| APA Corp. APA | 1,006,739 | $32.8 million | 1.85% | new |
| Generac Holdings Inc. GNRC | 100,729 | $29.5 million | 1.66% | -12,322 |
| Dana Inc. DAN | 1,066,246 | $29.0 million | 1.64% | -132,892 |
| Cleanspark Inc. CLSK | 1,973,047 | $28.7 million | 1.62% | new |
| Innio NV INIO | 712,960 | $28.2 million | 1.59% | new |
| O-I Glass, Inc. OI | 2,816,191 | $27.1 million | 1.53% | +1,776,558 |
| Space Exploration Techn Corp. Class A Com STK SPCX | 155,000 | $26.5 million | 1.49% | new |
| DTE Energy Co. DTE | 155,703 | $23.7 million | 1.34% | -106,152 |
| Caterpillar Inc. CAT | 20,906 | $22.3 million | 1.26% | -13,153 |
| Digital Realty Trust, Inc. DLR | 122,000 | $21.9 million | 1.24% | new |
| Versigent plc VGNT | 499,633 | $21.0 million | 1.18% | new |
| Autonation, Inc. AN | 112,291 | $20.9 million | 1.18% | new |
| TC Energy Corporation TRP | 303,624 | $20.1 million | 1.14% | +2,924 |
| Forgent Power Solutions Inc FPS | 350,000 | $19.6 million | 1.10% | +24,259 |
| Group 1 Automotive Inc. GPI | 64,293 | $18.7 million | 1.06% | -57,834 |
| Liberty Global Ltd LBTYA | 1,645,963 | $18.7 million | 1.06% | new |
| Cipher Mining Inc. CIFR | 751,077 | $18.4 million | 1.04% | new |
| Williams Companies, Inc. WMB | 236,367 | $17.6 million | 0.99% | -316,139 |
| Allison Transmission Holdings Inc. ALSN | 146,525 | $16.5 million | 0.93% | new |
| Xcel Energy Inc. XEL | 186,000 | $14.9 million | 0.84% | -214,817 |
| Lithia Motors Inc. LAD | 49,710 | $14.4 million | 0.82% | -30,158 |
| Iris Energy Ltd IREN | 308,405 | $14.1 million | 0.80% | new |
| CRH Public Ltd. Co. CRH | 128,114 | $13.7 million | 0.77% | new |
| Solv Energy Inc. MWH | 400,000 | $13.6 million | 0.77% | -297,110 |
| Vale S.A. VALE | 905,082 | $13.6 million | 0.77% | +348,108 |
| Occidental Petroleum Corp. OXY | 270,898 | $13.2 million | 0.74% | new |
| RB Global Inc. RBA | 112,449 | $13.1 million | 0.74% | -246,832 |
| Whirlpool Corp. WHRPRA | 369,000 | $13.0 million | 0.73% | +54,000 |
| Mastec Inc. MTZ | 30,842 | $12.8 million | 0.72% | new |
| Wyndham Hotels & Resorts, Inc. WH | 137,295 | $11.6 million | 0.65% | new |
| Fluor Corp. FLR | 207,907 | $10.9 million | 0.61% | +85,108 |
| Eldorado Gold Corp. New EGO | 332,575 | $10.3 million | 0.58% | +102,000 |
| Vistra Corp. VST | 63,683 | $10.1 million | 0.57% | new |
| NRG Energy, Inc. NRG | 68,264 | $10.0 million | 0.56% | -21,736 |
| Targa Resources Corp. TRGP | 36,231 | $9.7 million | 0.55% | -40,386 |
| Primoris Services Corp. PRIM | 91,093 | $9.0 million | 0.51% | new |
| Knight-Swift Transportation Holdings Inc. KNX | 113,215 | $8.8 million | 0.50% | -52,524 |
| Teck Resources Ltd TECK | 143,805 | $8.6 million | 0.48% | +9,553 |
| C. H. Robinson Worldwide, Inc. CHRW | 44,663 | $8.4 million | 0.47% | new |
| Terex Corp. TEX | 110,239 | $8.0 million | 0.45% | new |
| Sempra SRE | 85,265 | $7.9 million | 0.45% | +70,916 |
| Fervo Energy Co. Class A Com FRVO | 250,000 | $7.3 million | 0.41% | new |
| Whirlpool Corp. WHR | 175,813 | $6.9 million | 0.39% | -1,136,491 |
| MDU Resources Group Inc. MDU | 320,176 | $6.8 million | 0.38% | +120,176 |
| Kinetik Holdings Inc. KNTK | 135,983 | $6.6 million | 0.37% | new |
| Legence Corp. LGN | 75,000 | $6.4 million | 0.36% | -5,000 |
| Modine Manufacturing Co MOD | 23,391 | $6.2 million | 0.35% | new |
| Warner Music Group Corp. WMG | 213,949 | $5.8 million | 0.33% | -557,358 |
| Eaglerock Land LLC -CL A EROK | 271,486 | $5.8 million | 0.33% | new |
| Adient plc ADNT | 304,226 | $5.6 million | 0.32% | new |
| X Energy Inc. XE | 301,185 | $5.5 million | 0.31% | new |
| Itron, Inc. ITRI | 63,311 | $5.5 million | 0.31% | new |
| DPC Holdings PLC DPC | 110,000 | $5.4 million | 0.30% | new |
| ExxonMobil Holdings Corp. XOM | 36,975 | $5.1 million | 0.29% | new |
| Freeport-McMoRan Inc. FCX | 79,560 | $5.0 million | 0.28% | new |
| National Fuel Gas Co. NFG | 64,082 | $4.9 million | 0.28% | -118,135 |
| Halliburton Co. HAL | 134,457 | $4.6 million | 0.26% | -49,521 |
| Sensata Technologies Holding plc ST | 93,417 | $4.5 million | 0.25% | new |
| Kodiak Gas Services, Inc. KGS | 59,220 | $4.4 million | 0.25% | new |
| First Solar, Inc. FSLR | 16,983 | $4.0 million | 0.23% | new |
| Visteon Corp. VC | 37,282 | $3.7 million | 0.21% | -182,882 |
| Asbury Automotive Group Inc. ABG | 16,466 | $3.3 million | 0.19% | -35,253 |
| Quantinuum Inc. QNT | 40,000 | $3.3 million | 0.18% | new |
| StandardAero, Inc. SARO | 100,000 | $3.0 million | 0.17% | -50,000 |
| Cemex Sab De CV CX | 228,398 | $2.7 million | 0.15% | new |
| Cerebras Systems Inc. Com Class A CBRS | 10,000 | $2.2 million | 0.12% | new |
| Nextpower Inc. NXT | 17,419 | $2.1 million | 0.12% | new |
| Cummins Inc. CMI | 2,892 | $2.1 million | 0.12% | -38,116 |
| Nouveau Monde Graphite Inc. NMG | 1,363,226 | $2.0 million | 0.12% | new |
| Southwest Gas Holdings, Inc. SWX | 22,898 | $2.0 million | 0.11% | +4,272 |
| Carmax Inc. KMX | 38,003 | $2.0 million | 0.11% | new |
| Hudbay Minerals Inc. HBM | 84,691 | $2.0 million | 0.11% | new |
| DT Midstream, Inc. DTM | 13,280 | $1.9 million | 0.11% | -2,534 |
| Sable Offshore Corp. SOC | 595,911 | $1.8 million | 0.10% | new |
| EchoStar Corp. ECHO | 16,861 | $1.7 million | 0.10% | new |
| Honeywell Aerospace Inc. Com HONA | 6,000 | $1.3 million | 0.07% | new |
| Madison Air Solutions Coclass A MAIR | 30,000 | $1.2 million | 0.07% | new |
| Darling Ingredients Inc. DAR | 21,319 | $1.2 million | 0.07% | -37,333 |
| Xpo, Inc. XPO | 5,011 | $1.0 million | 0.06% | new |
| Tesla, Inc. TSLA | 2,428 | $1.0 million | 0.06% | new |
| Murphy Oil Corp. MUR | 29,117 | $948,050 | 0.05% | new |
| Jaguar Uranium Corp. JAGU | 520,201 | $868,736 | 0.05% | -179,797 |
| Octave Intelligence PLC Ord SHS Class B OCTV | 48,201 | $785,676 | 0.04% | new |
| Wolfspeed Inc. WOLF | 10,000 | $482,500 | 0.03% | -10,000 |
| Powerbank Corp. PBK | 509,005 | $351,213 | 0.02% | +159,005 |
Every US-listed position in the fund's 13F for the quarter ended 30 June 2026, by the value it reported.
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Change is shares against its 13F for the quarter before; the 74 it sold out of are in the box above.Options it reported
| Company | Option | Shares under the options | Value of those shares |
|---|---|---|---|
| Stellantis N.V. STLA | Calls | 148,000 | $737,040 |
1 option lines. A 13F lists calls and puts by the shares they cover and what those shares were worth at the quarter's end, not what the options cost; they are not counted in the holdings above.