Fund HoldingsCovalis Capital LLP

Total Portfolio Value
$528.33M
Total Bought
$346.21M
Total Sold
$505.05M
Net Transaction
-$158.84M
Filing Period:
Securities
SharesValue ($K)
Q4 2024
Q1 2025
Change
Q4 2024
Q1 2025
Weight (%)
Change
GENERAL MTRS CO(GM)(Call)0700,000+700,000032,921+32,921
FIRST SOLAR INC(FSLR)(Call)0225,000+225,000028,447+28,447
TC ENERGY CORP(TRP)82,729537,508+454,7793,84925,3814.80%+21,531
CONSTELLATION ENERGY CORP(CEG)0100,980+100,980020,3613.85%+20,361
DANA INC(DAN)01,453,072+1,453,072019,3693.67%+19,369
TESLA INC(TSLA)(Call)065,000+65,000016,845+16,845
FORD MTR CO(F)01,584,480+1,584,480015,8923.01%+15,892
APTIV PLC(APTV)0265,706+265,706015,8102.99%+15,810
GLOBE LIFE INC(Call)0109,000+109,000014,357+14,357
UNITED RENTALS INC(URI)022,370+22,370014,0192.65%+14,019
CUMMINS INC(CMI)041,486+41,486013,0032.46%+13,003
LITHIA MTRS INC(LAD)042,972+42,972012,6142.39%+12,614
MASTEC INC(MTZ)50,229164,336+114,1076,83819,1803.63%+12,341
VISTEON CORP(VC)0123,714+123,71409,6031.82%+9,603
DARLING INGREDIENTS INC(DAR)295,728623,376+327,6489,96319,4743.69%+9,511
SMURFIT WESTROCK PLC(SW)0194,593+194,59308,7681.66%+8,768
OSHKOSH CORP(OSK)092,565+92,56508,7091.65%+8,709
GE VERNOVA INC(GEV)027,752+27,75208,4721.60%+8,472
WILLIAMS COS INC(WMB)88,857203,295+114,4384,80912,1492.30%+7,340
DEERE & CO(DE)014,851+14,85106,9701.32%+6,970
YPF SOCIEDAD ANONIMA(YPF)0197,118+197,11806,9071.31%+6,907
DT MIDSTREAM INC(DTM)112,034169,614+57,58011,14016,3643.10%+5,225
TARGA RES CORP(TRGP)025,379+25,37905,0880.96%+5,088
CANADIAN NAT RES LTD(CNQ)0164,071+164,07105,0530.96%+5,053
MAGNA INTL INC(MGA)0144,011+144,01104,8950.93%+4,895
INFINITY NAT RES INC0165,862+165,86203,1100.59%+3,110
AUTOZONE INC(AZO)0796+79603,0350.57%+3,035
BP PLC(BP)684,682684,682020,23923,1354.38%+2,896
KODIAK GAS SVCS INC(KGS)75,000145,163+70,1633,0625,4151.02%+2,352
INTERCONTINENTAL HOTELS GROU(IHG)017,749+17,74901,9450.37%+1,945
AMERICAN AIRLS GROUP INC(AAL)0176,821+176,82101,8650.35%+1,865
AMPHENOL CORP NEW026,025+26,02501,7070.32%+1,707
CARNIVAL CORP074,820+74,82001,4610.28%+1,461
HALLADOR ENERGY COMPANY098,453+98,45301,2090.23%+1,209
KIMBELL RTY PARTNERS LP(KRP)075,000+75,00001,0500.20%+1,050
MYR GROUP INC DEL(MYRG)07,831+7,83108860.17%+886
BKV CORP(BKV)643,790769,444+125,65415,30916,1583.06%+849
SAILPOINT INC(SAIL)040,500+40,50007590.14%+759
STANDARDAERO INC(SARO)026,431+26,43107040.13%+704
WARNER MUSIC GROUP CORP(WMG)174,320186,966+12,6465,4045,8611.11%+457
FTAI AVIATION LTD(FTAI)03,651+3,65104050.08%+405
WEC ENERGY GROUP INC(WEC)03,282+3,28203580.07%+358
CALEDONIA MNG CORP PLC
SHS NEW
20,00020,00001882500.05%+62
CORPORACION AMER ARPTS S A
COM
36,55936,55906826690.13%-13
GRAPHIC PACKAGING HLDG CO(GPK)27,0910-27,0917360-736
SIBANYE STILLWATER LTD(SBSW)262,2790-262,2798660-866
GE AEROSPACE(GE)5,4710-5,4719130-913
DELTA AIR LINES INC DEL(DAL)15,5960-15,5969440-944
BOEING CO(BA)6,0270-6,0271,0670-1,067
ANTERO MIDSTREAM CORP(AM)401,786268,624-133,1626,0634,8350.92%-1,228
CLEVELAND-CLIFFS INC NEW(CLF)140,9070-140,9071,3250-1,325
ARRAY TECHNOLOGIES INC240,8100-240,8101,4540-1,454
RTX CORPORATION(RTX)12,5870-12,5871,4570-1,457
CVR ENERGY INC(CVI)88,2090-88,2091,6530-1,653
TUTOR PERINI CORP(TPC)68,8350-68,8351,6660-1,666
TEMPUS AI INC(TEM)50,0000-50,0001,6880-1,688
NEXTERA ENERGY PARTNERS LP(XIFR)133,4040-133,4042,3750-2,375
ONESTREAM INC
CL A
85,0000-85,0002,4240-2,424
CARVANA CO(CVNA)35,46817,505-17,9637,2133,6600.69%-3,553
TRANE TECHNOLOGIES PLC(TT)10,0070-10,0073,6960-3,696
TRANSALTA CORP(TAC)283,3360-283,3364,0050-4,005
NISOURCE INC(NI)121,9110-121,9114,4810-4,481
O-I GLASS INC(OI)626,894197,679-429,2156,7962,2670.43%-4,528
BRASKEM S A1,173,8520-1,173,8524,5310-4,531
GROUP 1 AUTOMOTIVE INC(GPI)11,8700-11,8705,0030-5,003
QUANTA SVCS INC16,4300-16,4305,1930-5,193
MODINE MFG CO(MOD)51,6290-51,6295,9850-5,985
PUBLIC SVC ENTERPRISE GRP IN(PEG)689,278628,413-60,86558,23751,7189.79%-6,519
PINNACLE WEST CAP CORP(PNW)80,5080-80,5086,8250-6,825
FLUOR CORP NEW(FLR)152,1520-152,1527,5040-7,504
SUNRISE COMMUNICATIONS AG198,0430-198,0438,5320-8,532
KINDER MORGAN INC DEL(KMI)319,4810-319,4818,7540-8,754
CHEMOURS CO(CC)518,8400-518,8408,7680-8,768
RB GLOBAL INC(RBA)182,15875,000-107,15816,4327,5231.42%-8,910
DYCOM INDS INC(DY)55,0990-55,0999,5910-9,591
AUTOLIV INC(ALV)118,2880-118,28811,0940-11,094
CRESCENT ENERGY COMPANY(CRGY)1,600,0001,057,693-542,30723,37611,8882.25%-11,488
FLUENCE ENERGY INC(FLNC)762,7810-762,78112,1130-12,113
PHINIA INC(PHIN)263,4660-263,46612,6910-12,691
FREEPORT-MCMORAN INC(FCX)342,3240-342,32413,0360-13,036
SUNCOR ENERGY INC NEW(SU)368,6960-368,69613,1550-13,155
AMEREN CORP(AEE)149,4820-149,48213,3250-13,325
GENERAL MTRS CO(GM)386,812127,776-259,03620,6056,0091.14%-14,596
TALEN ENERGY CORP(TLN)72,9510-72,95114,6970-14,697
EXELON CORP(EXC)405,8370-405,83715,2760-15,276
BORGWARNER INC481,1220-481,12215,2950-15,295
TXNM ENERGY INC(TXNM)323,3780-323,37815,9000-15,900
APTIV ORD(APTV)291,5300-291,53017,6320-17,632
AUTONATION INC(AN)157,17830,001-127,17726,6954,8580.92%-21,837
FIRST SOLAR INC(FSLR)126,1280-126,12822,2290-22,229
VISTRA CORP(VST)171,6250-171,62523,6620-23,662
MOSAIC CO NEW(MOS)1,099,7070-1,099,70727,0310-27,031
ENTERGY CORP NEW(ETR)605,3800-605,38045,9000-45,900
PG&E CORP(PCG)3,114,922287,401-2,827,52162,8594,9380.93%-57,922
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