SEC 13F Intelligence

Managers / Q1 2025 · view latest →

Covalis Capital LLP

CIK 0001698819 · 11 CHARLES II STREET, 2ND FLOOR, LONDON, SW1Y 4QU · 00442035406864

Reported Value
$528M
Q1 2025
Positions
53
Filings on Record
37
2019–present window
Filed
May 15, 2025
original filing

Summary

Covalis Capital LLP reported $528M in U.S.-listed holdings across 53 positions for Q1 2025.

Its largest position, PEG, represents 9.8% of the portfolio.

Compared with Q4 2024, the fund opened 30 new positions and exited 39.

Portfolio Metrics

Turnover
+48.9%
vs prior filed quarter
Top-10 Concentration
+43.0%
share of reported value
Largest Position
+9.8%
Public Svc Enterprise Grp In
New / Exited
30 / 39
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q1 ’19: $108MQ1 ’19Q2 ’19: $147MQ3 ’19: $90MQ4 ’19: $252MQ1 ’20: $217MQ1 ’20Q2 ’20: $262MQ3 ’20: $235MQ4 ’20: $273MQ1 ’21: $485MQ1 ’21Q2 ’21: $485MQ3 ’21: $433MQ4 ’21: $274MQ1 ’22: $367MQ1 ’22Q2 ’22: $520MQ3 ’22: $436MQ4 ’22: $423MQ1 ’23: $357MQ1 ’23Q2 ’23: $466MQ3 ’23: $565MQ4 ’23: $615MQ1 ’24: $810MQ1 ’24Q2 ’24: $736MQ3 ’24: $711MQ4 ’24: $684MQ1 ’25: $528MQ1 ’25Q2 ’25: $823MQ3 ’25: $858MQ4 ’25: $1.4BQ1 ’26: $1.6BQ1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 88.8%ADR: 6.1%Other: 4.9%Unit: 0.2%
  • Common Stock · 88.8% · $469M
  • ADR · 6.1% · $32M
  • Other · 4.9% · $26M
  • Unit · 0.2% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CEGCONSTELLATION ENERGY CORPNEW+101.0K101.0K+$20M$20M
4DHDANA INCNEW+1.45M1.45M+$19M$19M
TSLATESLA INCNEW+65.0K65.0K+$17M$17M
FFORD MTR CONEW+1.58M1.58M+$16M$16M
GLGLOBE LIFE INCNEW+109.0K109.0K+$14M$14M
URIUNITED RENTALS INCNEW+22.4K22.4K+$14M$14M
CMICUMMINS INCNEW+41.5K41.5K+$13M$13M
LADLITHIA MTRS INCNEW+43.0K43.0K+$13M$13M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2025

46 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1PEGPUBLIC SVC ENTERPRISE GRP INhistory →COM9.79%$52M628.4K
2TRPTC ENERGY CORPhistory →COM4.80%$25M537.5K
3BPBP PLChistory →SPONSORED ADR4.38%$23M684.7K
4CEGCONSTELLATION ENERGY CORPhistory →COM3.85%$20M101.0K
5DARDARLING INGREDIENTS INChistory →COM3.69%$19M623.4K
64DHDANA INChistory →COM3.67%$19M1.45M
7MTZMASTEC INChistory →COM3.63%$19M164.3K
8DTMDT MIDSTREAM INChistory →COMMON STOCK3.10%$16M169.6K
9BKVBKV CORPhistory →COM3.06%$16M769.4K
10FFORD MTR COhistory →COM3.01%$16M1.58M
11APTIV PLCCOM SHS2.99%$16M265.7K
12URIUNITED RENTALS INChistory →COM2.65%$14M22.4K
13CMICUMMINS INChistory →COM2.46%$13M41.5K
14LADLITHIA MTRS INChistory →COM2.39%$13M43.0K
15WMBWILLIAMS COS INChistory →COM2.30%$12M203.3K
16CRGYCRESCENT ENERGY COMPANYhistory →CL A COM2.25%$12M1.06M
17VCVISTEON CORPhistory →COM NEW1.82%$10M123.7K
18SMURFIT WESTROCK PLCSHS1.66%$9M194.6K
19OSKOSHKOSH CORPhistory →COM1.65%$9M92.6K
20GEVGE VERNOVA INChistory →COM1.60%$8M27.8K
21RBARB GLOBAL INChistory →COM1.42%$8M75.0K
22DEDEERE & COhistory →COM1.32%$7M14.9K
23YPF SOCIEDAD ANONIMASPON ADR CL D1.31%$7M197.1K
24GMGENERAL MTRS COhistory →COM1.14%$6M127.8K
25WMGWARNER MUSIC GROUP CORPhistory →COM CL A1.11%$6M187.0K
26KGSKODIAK GAS SVCS INChistory →COM1.02%$5M145.2K
27TRGPTARGA RES CORPCOM0.96%$5M25.4K
28CRCCANADIAN NAT RES LTDCOM0.96%$5M164.1K
29PCGPG&E CORPCOM0.93%$5M287.4K
30MGAMAGNA INTL INCCOM0.93%$5M144.0K
31ANAUTONATION INCCOM0.92%$5M30.0K
32AMANTERO MIDSTREAM CORPCOM0.92%$5M268.6K
33CVNACARVANA COCL A0.69%$4M17.5K
34INRINFINITY NAT RES INCCOM CL A0.59%$3M165.9K
35AZOAUTOZONE INCCOM0.57%$3M796
36OI*O-I GLASS INCCOM0.43%$2M197.7K
37IHGINTERCONTINENTAL HOTELS GROUSPONSORED ADS0.37%$2M17.7K
38AALAMERICAN AIRLS GROUP INCCOM0.35%$2M176.8K
39APHAMPHENOL CORP NEWCL A0.32%$2M26.0K
40CCL1EURCARNIVAL CORPUNIT 99/99/99990.28%$1M74.8K
41HNRGHALLADOR ENERGY COMPANYCOM0.23%$1M98.5K
42KRPKIMBELL RTY PARTNERS LPUNIT0.20%$1M75.0K
43MYRGMYR GROUP INC DELCOM0.17%$885,6087.8K
44SAILSAILPOINT INCCOM0.14%$759,37540.5K
45SAROSTANDARDAERO INCCOM0.13%$704,12226.4K
46CORPORACION AMER ARPTS S ACOM0.13%$669,03036.6K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$1.6B123May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$1.4B76Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$858M54Nov 14, 2025RESTATEMENTchanges · EDGAR ↗
Q2 2025$823M57Aug 12, 202513F-HRchanges · EDGAR ↗
Q1 2025$528M53May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$684M61Feb 13, 202513F-HRchanges · EDGAR ↗
Q3 2024$711M51Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$736M61Aug 13, 202413F-HRchanges · EDGAR ↗
Q1 2024$810M52May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$615M56Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$565M51Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$466M40Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$357M34May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$423M50Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$436M56Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$520M64Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$367M80May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$274M83Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$433M123Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$485M84Aug 23, 2021RESTATEMENTchanges · EDGAR ↗
Q1 2021$485M84May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$273M20Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$235M18Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$262M11Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$217M13May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$252M10Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$90M10Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$147M22Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$108M15May 15, 201913F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 1 additional manager.

  • Covalis (Gibraltar) Ltd028-21343

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.