Fund HoldingsCovalis Capital LLP

Total Portfolio Value
$1.28B
Total Bought
$971.79M
Total Sold
$407.57M
Net Transaction
+$564.22M
Filing Period:
Securities
SharesValue ($K)
Q3 2025
Q4 2025
Change
Q3 2025
Q4 2025
Weight (%)
Change
BLACK HILLS CORP02,057,160+2,057,1600142,80811.15%+142,808
CORE SCIENTIFIC INC NEW(CORZ)05,341,913+5,341,913077,7786.07%+77,778
CORE SCIENTIFIC INC NEW(CORZ)(Call)05,299,600+5,299,600077,162+77,162
EVERSOURCE ENERGY(ES)184,4871,141,017+956,53013,12476,8256.00%+63,700
GALAXY DIGITAL INC.(GLXY)(Put)02,630,100+2,630,100058,809+58,809
TERAWULF INC(WULF)02,427,296+2,427,296027,8902.18%+27,890
PG&E CORP(PCG)8,727,2549,896,033+1,168,779131,607159,02912.42%+27,422
OGE ENERGY CORP(OGE)0637,124+637,124027,2052.12%+27,205
UNITED RENTALS INC(URI)030,698+30,698024,8451.94%+24,845
GENTEX CORP(GNTX)658,6661,734,804+1,076,13818,64040,3693.15%+21,729
VIKING HOLDINGS LTD(VIK)0250,000+250,000017,8531.39%+17,853
WARNER MUSIC GROUP CORP(WMG)0580,769+580,769017,8121.39%+17,812
CALIFORNIA RES CORP(CRC)0382,350+382,350017,0951.33%+17,095
WILLIAMS COS INC(WMB)356,536649,774+293,23822,58739,0583.05%+16,471
TE CONNECTIVITY PLC(TEL)072,088+72,088016,4011.28%+16,401
RB GLOBAL INC(RBA)138,730292,742+154,01215,03330,1142.35%+15,082
GFL ENVIRONMENTAL INC(GFL)0350,000+350,000015,0331.17%+15,033
ANTERO RESOURCES CORP(AR)0433,075+433,075014,9241.17%+14,924
STELLANTIS N.V(STLA)01,361,890+1,361,890014,8311.16%+14,831
AMERICAN HEALTHCARE REIT INC(AHR)0300,000+300,000014,1181.10%+14,118
DANA INC(DAN)1,414,8061,764,365+349,55928,35341,9213.27%+13,569
OMNICOM GROUP INC(OMC)0167,176+167,176013,4991.05%+13,499
UL SOLUTIONS INC(ULS)0169,581+169,581013,3731.04%+13,373
VISTEON CORP(VC)94,428258,628+164,20011,31824,5961.92%+13,277
LIBERTY GLOBAL LTD(LBTYA)1,688,8402,809,392+1,120,55219,35431,2972.44%+11,943
ITT INC(ITT)060,000+60,000010,4110.81%+10,411
EATON CORP PLC(ETN)45,02085,526+40,50616,84927,2412.13%+10,392
AMPHENOL CORP NEW27,740101,290+73,5503,43313,6881.07%+10,256
AGCO CORP095,693+95,69309,9830.78%+9,983
MDU RES GROUP INC(MDU)0500,000+500,00009,7600.76%+9,760
TXNM ENERGY INC(TXNM)0160,154+160,15409,4300.74%+9,430
T-MOBILE US INC(TMUS)045,245+45,24509,1870.72%+9,187
EXPAND ENERGY CORPORATION(EXE)077,837+77,83708,5900.67%+8,590
ARCHER AVIATION INC(ACHR)01,125,000+1,125,00008,4600.66%+8,460
LEGENCE CORP(LGN)0184,400+184,40007,9370.62%+7,937
NATIONAL FUEL GAS CO(NFG)097,545+97,54507,8090.61%+7,809
TECK RESOURCES LTD(TECK)0160,321+160,32107,6780.60%+7,678
KODIAK GAS SVCS INC(KGS)0200,000+200,00007,4800.58%+7,480
RIVIAN AUTOMOTIVE INC(RIVN)(Put)0375,000+375,00007,391+7,391
CNH INDL N V
SHS
1,568,1012,644,387+1,076,28617,01424,3811.90%+7,367
ASBURY AUTOMOTIVE GROUP INC23,18350,706+27,5235,66711,7910.92%+6,124
MODINE MFG CO(MOD)045,404+45,40406,0620.47%+6,062
SEMPRA(SRE)068,308+68,30806,0310.47%+6,031
SONIC AUTOMOTIVE INC(SAH)093,018+93,01805,7540.45%+5,754
CHEVRON CORP NEW(CVX)6,23140,233+34,0029686,1320.48%+5,164
DTE ENERGY CO(DTB)038,298+38,29804,9400.39%+4,940
AUTONATION INC(AN)020,790+20,79004,2930.34%+4,293
ONEOK INC NEW(OKE)053,542+53,54203,9350.31%+3,935
HUDBAY MINERALS INC(HBM)0130,166+130,16602,5840.20%+2,584
ALCOA CORP(AA)047,148+47,14802,5050.20%+2,505
ROLLINS INC(ROL)035,000+35,00002,1010.16%+2,101
BKV CORP(BKV)075,000+75,00002,0360.16%+2,036
FLUOR CORP NEW(FLR)049,970+49,97001,9800.15%+1,980
MIAMI INTL HLDGS INC(MIAX)040,000+40,00001,7750.14%+1,775
BAKER HUGHES COMPANY(BKR)50,84991,566+40,7172,4774,1700.33%+1,693
CMS ENERGY CORP(CMS)022,669+22,66901,5850.12%+1,585
ARRAY TECHNOLOGIES INC(ARRY)0165,764+165,76401,5280.12%+1,528
CROWN CASTLE INC(CCI)016,842+16,84201,4970.12%+1,497
V2X INC(VVX)023,684+23,68401,2920.10%+1,292
WEALTHFRONT CORP(WLTH)085,593+85,59301,1630.09%+1,163
DARLING INGREDIENTS INC(DAR)176,716176,71605,4556,3620.50%+907
CENTURI HOLDINGS INC(CTRI)020,000+20,00005050.04%+505
CATERPILLAR INC(CAT)65,45455,074-10,38031,23131,5502.46%+319
ANDERSEN GROUP INC012,000+12,00003110.02%+311
WOLFSPEED INC(WOLF)010,000+10,00001740.01%+174
FARADAY FUTURE INTLGT ELEC I10,0000-10,000130-13
OPENDOOR TECHNOLOGIES INC(OPEN)15,0000-15,0001200-120
NOVONIX LIMITED125,4760-125,4761610-161
SCHLUMBERGER LTD(SLB)10,5520-10,5523630-363
IAMGOLD CORP(IAG)40,0000-40,0005170-517
SMURFIT WESTROCK PLC(SW)93,93585,142-8,7933,9993,2920.26%-706
FIGURE TECHNOLOGY SOLUTIO(FGRS)20,0000-20,0007270-727
ARCELORMITTAL SA LUXEMBOURG(MT)23,3720-23,3728400-840
CUMMINS INC(CMI)63,21249,802-13,41026,69925,4211.98%-1,277
PONY AI INC(PONY)64,4920-64,4921,4500-1,450
UGI CORP NEW(UGI)298,859222,801-76,0589,9408,3390.65%-1,601
PROFRAC HLDG CORP(ACDC)529,7110-529,7111,9600-1,960
HERC HLDGS INC(HRI)28,0360-28,0363,2710-3,271
KINETIK HOLDINGS INC(KNTK)90,2300-90,2303,8560-3,856
O-I GLASS INC(OI)303,8690-303,8693,9410-3,941
DT MIDSTREAM INC(DTM)122,97882,845-40,13313,9049,9150.77%-3,989
NUCOR CORP(NUE)36,9420-36,9425,0030-5,003
FLUENCE ENERGY INC(FLNC)491,0390-491,0395,3030-5,303
SENSATA TECHNOLOGIES HLDG PL
SHS
189,6220-189,6225,7930-5,793
GENERAC HLDGS INC(GNRC)52,11418,041-34,0738,7242,4600.19%-6,264
GROUP 1 AUTOMOTIVE INC(GPI)61,99052,107-9,88327,12120,4941.60%-6,628
APTIV PLC(APTV)228,252160,669-67,58319,68012,2250.95%-7,455
WATERBRIDGE INFRASTRUCTURE L(WBI)300,0000-300,0007,5660-7,566
FREEPORT-MCMORAN INC(FCX)196,3260-196,3267,7000-7,700
BORGWARNER INC184,4060-184,4068,1060-8,106
TESLA INC(TSLA)19,2070-19,2078,5420-8,542
AMERICAN WTR WKS CO INC NEW75,0000-75,00010,4390-10,439
MOBILEYE GLOBAL INC(MBLY)1,000,269313,190-687,07914,1243,2700.26%-10,854
TARGA RES CORP(TRGP)83,5907,354-76,23614,0051,3570.11%-12,648
LYONDELLBASELL INDUSTRIES N
SHS - A -
259,0140-259,01412,7020-12,702
ALBEMARLE CORP(ALB)172,6060-172,60613,9950-13,995
OSHKOSH CORP(OSK)136,3690-136,36917,6870-17,687
NEXTERA ENERGY INC(NEE)247,3840-247,38418,6750-18,675
EDISON INTL(EIX)473,4310-473,43126,1710-26,171
GENERAL MTRS CO(GM)450,1190-450,11927,4440-27,444
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