Covalis Capital LLP portfolio
Investment firmPortfolio as of Jun 30, 2026 (Q2 2026) · filed with the SEC on Aug 13, 2026 · data updated on Nov 5, 2026 · Q2 2026 13F (filing) ↗ · all its 13F filings ↗
A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.
Covalis Capital LLP reported a $1.8 bn portfolio of 99 companies (100 positions, counting each share class separately) to the SEC as of the end of Q2 2026. Its largest positions are PCG, BKH, AR. During the quarter it opened Ameren and American Electric Power and exited United Rentals and Eaton.
Sections with a free account
What changed this quarter
161 positions with a change (40 new, 19 added to, 28 trimmed, 74 sold); also, 10 entered through an IPO, 2 entered through a spin-off. 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).
- Newly listedInnioINIO1.6% of the portfolio
- Newly listedSpace Exploration TechnologiesSPCX1.5% of the portfolio
It started trading this quarter: it appears in a 13F for the first time. The filing does not say whether the manager already held it before the listing, so it is not counted as a purchase.
- United Rentals−4.5 ppof portfolioSold out4.9% → —
- Eaton−4.1 ppof portfolioSold out4.5% → —
- Ameren+4.0 ppof portfolioNew— → 4.0%
- Antero Resources+185%more sharesIncreased2.4% → 5.2%
- PPL+458%more sharesIncreased0.8% → 3.7%
- Core Scientific−55%fewer sharesReduced3.2% → 2.3%
- American Electric Power+2.7 ppof portfolioNew— → 2.7%
- Antero Midstream+208%more sharesIncreased1.4% → 3.9%
- Cheniere Energy+2.5 ppof portfolioNew— → 2.5%
- Whirlpool−2.4 ppof portfolioReduced5.1% → 1.1%
- CoreWeave+2.3 ppof portfolioNew— → 2.3%
- Emera+2.2 ppof portfolioNew— → 2.2%
The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight: what it bought or sold, excluding price effects.
Top holdings
- Pg&ePCG8.3%
- Black HillsBKH6.2%
- Antero ResourcesAR5.2%
- AmerenAEE4.0%
- Antero MidstreamAM3.9%
- PPLPPL3.7%
- EQTEQT2.9%
- American Electric PowerAEP2.7%
- Cheniere EnergyLNG2.5%
- CoreWeaveCRWV2.3%
- Core ScientificCORZ2.3%
- EmeraEMA2.2%
- BKVBKV2.2%
- General MotorsGM2.1%
- BorgwarnerBWA1.9%
“Since”: first quarter of the current run, unbroken until today. In the details, prices are the quarter-end prices of the quarters in which it added shares, per the 13F. The manager may have bought at any price within each quarter; the SEC only publishes the value at quarter end.
Portfolio by sector
- ● Utilities 31%
- ● Energy 24%
- ● Industrials 13%
- ● Consumer Discretionary 12%
- ● Information Technology 9%
- ● Materials 6%
- ● Financials 2%
- ● Communication Services 1%
- ● Real Estate 1%
- ● No sector 1%
How its portfolio changed (8 quarters)
Q2 2026: 100
Q2 2026: 42%
Q2 2026: 52.3%
Traded turnover: the weight it bought plus the weight it sold in the quarter, divided by two, excluding price moves. The plain “turnover” in the header does include that effect. With a free account: the full history and sectors over time.
13F filings with amendments or confidential positions
- 13F Q3 2025 ↗filed Nov 13, 2025Amendment of Nov 14, 2025 (replaces the original) ↗
Declared options (1)
Besides stocks, Covalis Capital LLP declared 1 call (they gain if it rises) with a notional of $737K. The 13F reports the value of the underlying shares, not the premium paid, so these figures look large and are not added to the portfolio. Nor does it say whether the option is bought or written, or its strike or expiry: it may be a hedge.
- CALLStellantisSTLA$737K
Stakes above 5% (13D/13G)
Companies where this filer reported holding 5% or more of the shares. It is the figure from its latest filing on each one; history since December 2024.
How we classify it
Investment firm, per its Form ADV of Jun 30, 2026 (high confidence).
The data, as reported: COVALIS CAPITAL LLP (CRD 174043): 7.B private funds: 2 hedge (gross assets $3.2 bn); 5.D assets by client type: pooled vehicles 100% (of $4.8 bn)
The type comes from a rule applied to that data. If it looks wrong, tell us.
Not counted as a concentrated manager: its top 10 positions are under 45%; it turns over more than 50% of the portfolio per quarter. Its portfolio is shown all the same, but it is left out of manager counts, the consensus and the ranking. How this is decided
Similar managers by type and size
Same type of filer and a 13F portfolio value between a third and three times this one. It is not a comparison of what they hold.
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