Covalis Capital LLP
Covalis Capital LLP is a London-based investment firm specializing in multi-strategy funds, long-only equities, and private investments, with a focus on sectors driving the energy transition. The firm provides capital and investment solutions to entrepreneurs, businesses, and institutions, including debt financing, equity investments, and advisory services. Covalis integrates proprietary sustainability research into its investment process, targeting companies poised for success in transitioning to a low-carbon, sustainable, electrified economy.
Investment Strategy
Multi-strategy funds, long-only equities, and private investments with a strategic focus on sectors driving the energy transition (e.g., utilities, infrastructure, renewables, commodities, mainly in developed OECD countries). The firm uses a sustainability framework and engages with issuers to enhance their sustainability capabilities.
Top Holdings
Equity Positions (56)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
P PCG | PG&E CORP | 13.93% | $114.6M | 8,223,183 | $14.07 | $13.94 | +$109.7M |
E ES | EVERSOURCE ENERGY | 8.67% | $71.4M | 1,121,926 | $63.62 | $63.62 | +$71.4M |
P PEG | PUBLIC SVC ENTERPRISE GRP IN | 4.46% | $36.7M | 436,046 | $86.78 | $84.18 | -$15.0M |
C CAT | CATERPILLAR INC | 4.08% | $33.6M | 86,526 | $388.21 | $388.21 | +$33.6M |
P PCAR | PACCAR INC | 3.72% | $30.6M | 322,038 | $95.06 | $95.06 | +$30.6M |
Options Positions (1)
| Ticker | Security | Action | Type | Notional Value | Contracts | Underlying Price | Premium Paid | Change (Contracts) | Change (Value) |
|---|---|---|---|---|---|---|---|---|---|
P PCG | PG&E CORP | New | Call | $31.7M | 22,712 | $13.94 | $13.94 | +22,712 | +$31.7M |