— Know what they know.
Not Investment Advice
Asset Manager ← All Institutions

Covalis Capital LLP

Q4 2025 · Filed 2026-02-17
Market Value
$1.2B
+48.2%
Holdings
95
+14
New Purchases
45
Added To
12
Closed
27
Reduced
10
Top 10 Concentration
56.0%
Turnover
75.8%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
BKH 12.04% 0.00% +12.04% $143M
CORZ 6.56% 0.00% +6.56% $78M
ES 6.48% 1.64% +4.84% $77M
WULF 2.35% 0.00% +2.35% $28M
OGE 2.29% 0.00% +2.29% $27M
URI 2.09% 0.00% +2.09% $25M
WMG 1.50% 0.00% +1.50% $18M
CRC 1.44% 0.00% +1.44% $17M
TEL 1.38% 0.00% +1.38% $16M
GFL 1.27% 0.00% +1.27% $15M
AR 1.26% 0.00% +1.26% $15M
STLA 1.25% 0.00% +1.25% $15M
AHR 1.19% 0.00% +1.19% $14M
OMC 1.14% 0.00% +1.14% $13M
ULS 1.13% 0.00% +1.13% $13M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
TRP 1.28% 13.92% -12.64% $15M
FSLR 0.50% 5.43% -4.93% $6M
XEL 0.00% 3.72% -3.72% $0
GM 0.00% 3.43% -3.43% $0
EIX 0.00% 3.27% -3.27% $0
PCG 13.41% 16.45% -3.04% $159M
NEE 0.00% 2.33% -2.33% $0
OSK 0.00% 2.21% -2.21% $0
ALB 0.00% 1.75% -1.75% $0
GPI 1.73% 3.39% -1.66% $20M
TRGP 0.11% 1.75% -1.64% $1M
LYB 0.00% 1.59% -1.59% $0
MBLY 0.28% 1.76% -1.49% $3M
AWK 0.00% 1.30% -1.30% $0
CAT 2.66% 3.90% -1.24% $32M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 4 $47M 4.0%
Large Cap 46 $646M 54.5%
Mid Cap 38 $491M 41.4%
Small Cap 5 $3M 0.2%
Micro Cap 2 $0 0.0%

Portfolio Analytics

Avg Market Cap
$51.9B
Median Market Cap
$11.4B
Avg P/E
40.1
Median P/E
24.1
Avg Dividend Yield
0.01%
Avg Beta
1.32
# Stocks
95
# ETFs / Funds
0

Top Holdings (95 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 PCG 13.41% 9,896,033 $159M $16.07 $27M +1,168,779 +13.4%
2 BKH 12.04% 2,057,160 $143M $69.42 +2,057,160 NEW
3 CORZ 6.56% 5,341,913 $78M $14.56 +5,341,913 NEW
4 ES 6.48% 1,141,017 $77M $67.33 $64M +956,530 +518.5%
5 DAN 3.53% 1,764,365 $42M $23.76 $14M +349,559 +24.7%
6 GNTX 3.40% 1,734,804 $40M $23.27 $22M +1,076,138 +163.4%
7 WMB 3.29% 649,774 $39M $60.11 $16M +293,238 +82.2%
8 CAT 2.66% 55,074 $32M $572.87 $319K -10,380 -15.9%
9 WULF 2.35% 2,427,296 $28M $11.49 +2,427,296 NEW
10 ETN 2.30% 85,526 $27M $318.51 $10M +40,506 +90.0%
11 OGE 2.29% 637,124 $27M $42.70 +637,124 NEW
12 CMI 2.14% 49,802 $25M $510.45 -$1M -13,410 -21.2%
13 URI 2.09% 30,698 $25M $809.32 +30,698 NEW
14 VC 2.07% 258,628 $25M $95.10 $13M +164,200 +173.9%
15 CNHI 2.06% 2,644,387 $24M $9.22 $7M +1,076,286 +68.6%
16 GPI 1.73% 52,107 $20M $393.30 -$7M -9,883 -15.9%
17 WMG 1.50% 580,769 $18M $30.67 +580,769 NEW
18 CRC 1.44% 382,350 $17M $44.71 +382,350 NEW
19 TEL 1.38% 72,088 $16M $227.51 +72,088 NEW
20 TRP 1.28% 276,247 $15M $55.14 -$96M -1,772,008 -86.5%
21 GFL 1.27% 350,000 $15M $42.95 +350,000 NEW
22 AR 1.26% 433,075 $15M $34.46 +433,075 NEW
23 STLA 1.25% 1,361,890 $15M $10.89 +1,361,890 NEW
24 AHR 1.19% 300,000 $14M $47.06 +300,000 NEW
25 APH 1.15% 101,290 $14M $135.14 $10M +73,550 +265.1%
26 OMC 1.14% 167,176 $13M $80.75 +167,176 NEW
27 ULS 1.13% 169,581 $13M $78.86 +169,581 NEW
28 ABG 0.99% 50,706 $12M $232.53 $6M +27,523 +118.7%
29 ITT 0.88% 60,000 $10M $173.51 +60,000 NEW
30 AGCO 0.84% 95,693 $10M $104.32 +95,693 NEW
31 DTM 0.84% 82,845 $10M $119.68 -$4M -40,133 -32.6%
32 MDU 0.82% 500,000 $10M $19.52 +500,000 NEW
33 TXNM 0.80% 160,154 $9M $58.88 +160,154 NEW
34 TMUS 0.77% 45,245 $9M $203.04 +45,245 NEW
35 EXE 0.72% 77,837 $9M $110.36 +77,837 NEW
36 ACHR 0.71% 1,125,000 $8M $7.52 +1,125,000 NEW
37 UGI 0.70% 222,801 $8M $37.43 -$2M -76,058 -25.4%
38 LGN 0.67% 184,400 $8M $43.04 +184,400 NEW
39 NFG 0.66% 97,545 $8M $80.06 +97,545 NEW
40 TECK 0.65% 160,321 $8M $47.89 +160,321 NEW
41 KGS 0.63% 200,000 $7M $37.40 +200,000 NEW
42 DAR 0.54% 176,716 $6M $36.00 $907K
43 CVX 0.52% 40,233 $6M $152.41 $5M +34,002 +545.7%
44 MOD 0.51% 45,404 $6M $133.51 +45,404 NEW
45 SRE 0.51% 68,308 $6M $88.29 +68,308 NEW
46 FSLR 0.50% 22,632 $6M $261.23 -$38M -174,527 -88.5%
47 SAH 0.49% 93,018 $6M $61.86 +93,018 NEW
48 DTE 0.42% 38,298 $5M $128.98 +38,298 NEW
49 AN 0.36% 20,790 $4M $206.48 +20,790 NEW
50 BKR 0.35% 91,566 $4M $45.54 $2M +40,717 +80.1%
51 OKE 0.33% 53,542 $4M $73.50 +53,542 NEW
52 MBLY 0.28% 313,190 $3M $10.44 -$11M -687,079 -68.7%
53 HBM 0.22% 130,166 $3M $19.85 +130,166 NEW
54 AA 0.21% 47,148 $3M $53.14 +47,148 NEW
55 GNRC 0.21% 18,041 $2M $136.37 -$6M -34,073 -65.4%
56 ROL 0.18% 35,000 $2M $60.02 +35,000 NEW
57 BKV 0.17% 75,000 $2M $27.15 +75,000 NEW
58 FLR 0.17% 49,970 $2M $39.63 +49,970 NEW
59 MIAX 0.15% 40,000 $2M $44.38 +40,000 NEW
60 CMS 0.13% 22,669 $2M $69.93 +22,669 NEW
61 ARRY 0.13% 165,764 $2M $9.22 +165,764 NEW
62 CCI 0.13% 16,842 $1M $88.87 +16,842 NEW
63 TRGP 0.11% 7,354 $1M $184.50 -$13M -76,236 -91.2%
64 VVX 0.11% 23,684 $1M $54.55 +23,684 NEW
65 WLTH 0.10% 85,593 $1M $13.59 +85,593 NEW
66 CTRI 0.04% 20,000 $505K $25.25 +20,000 NEW
67 ANDG 0.03% 12,000 $311K $25.93 +12,000 NEW
68 WOLF 0.01% 10,000 $174K $17.41 +10,000 NEW
69 SLB —% -$363K -10,552 -100.0% SOLD
70 HRI —% -$3M -28,036 -100.0% SOLD
71 ST —% -$6M -189,622 -100.0% SOLD
72 LYB —% -$13M -259,014 -100.0% SOLD
73 ALB —% -$14M -172,606 -100.0% SOLD
74 OPEN —% -$120K -15,000 -100.0% SOLD
75 XEL —% -$30M -368,943 -100.0% SOLD
76 BWA —% -$8M -184,406 -100.0% SOLD
77 NUE —% -$5M -36,942 -100.0% SOLD
78 IAG —% -$517K -40,000 -100.0% SOLD
79 EIX —% -$26M -473,431 -100.0% SOLD
80 WBI —% -$8M -300,000 -100.0% SOLD
81 NVX —% -$161K -125,476 -100.0% SOLD
82 TSLA —% -$9M -19,207 -100.0% SOLD
83 NEE —% -$19M -247,384 -100.0% SOLD
84 GM —% -$27M -450,119 -100.0% SOLD
85 OSK —% -$18M -136,369 -100.0% SOLD
86 FLNC —% -$5M -491,039 -100.0% SOLD
87 KNTK —% -$4M -90,230 -100.0% SOLD
88 FCX —% -$8M -196,326 -100.0% SOLD
89 PONY —% -$1M -64,492 -100.0% SOLD
90 MT —% -$840K -23,372 -100.0% SOLD
91 AWK —% -$10M -75,000 -100.0% SOLD
92 OI —% -$4M -303,869 -100.0% SOLD
93 FIGR —% -$727K -20,000 -100.0% SOLD
94 FFIE —% -$13K -10,000 -100.0% SOLD
95 ACDC —% -$2M -529,711 -100.0% SOLD

Options Breakdown

1 Calls $77M Call Value 2 Puts $66M Put Value 0.86 P/C Ratio

Top Calls

SymbolSharesValueStatus
CORZ 5,299,600 $77M NEW

Top Puts

SymbolSharesValueStatus
GLXY 2,630,100 $59M NEW
RIVN 375,000 $7M NEW

New Positions

SymbolValue% Port
BKH $143M 12.04%
CORZ $78M 6.56%
WULF $28M 2.35%
OGE $27M 2.29%
URI $25M 2.09%
WMG $18M 1.50%
CRC $17M 1.44%
TEL $16M 1.38%
GFL $15M 1.27%
AR $15M 1.26%
STLA $15M 1.25%
AHR $14M 1.19%
OMC $13M 1.14%
ULS $13M 1.13%
ITT $10M 0.88%

Sold Out Positions

SymbolValue% Port
ALB —%
NEE —%
LYB —%
EIX —%
WBI —%
GM —%
BWA —%
MT —%
SLB —%
IAG —%
NUE —%
HRI —%
ST —%
AWK —%
KNTK —%
View SEC EDGAR Filings for Covalis Capital LLP →

Sign in to InsiderStreet

You'll also get our free weekly newsletter with
smart money signals, market insights, and alpha ideas.
Unsubscribe anytime.

For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms