Sign in

You're signed outSign in or to get full access.

Covalis Capital LLP

CIK:0001698819
Hedge Fund
$2B AUM
57 holdings
London, United Kingdom
Founded:2012
50 employees
Latest filing:Jun 30, 2025

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.

Latest 13F Filing Activity

Covalis Capital LLP filed their most recent 13F report on Jun 30, 2025 disclosing 56 equity positions and 1 options positions with a total 13F market value of $823M. The fund increased holdings in PG&E Corp., Eversource Energy, Caterpillar Inc. among other positions. Covalis Capital LLP reduced exposure to BP PLC, Constellation Energy Corp., BKV Corp. among others.

Top Buys
P
PCGPG&E CORP
+$109.7M
E
ESEVERSOURCE ENERGY
+$71.4M
C
CATCATERPILLAR INC
+$33.6M
P
PCARPACCAR INC
+$30.6M
P
PPGPPG INDS INC
+$20.9M
Top Sells
B
BPBP PLC
-$23.1M
C
CEGCONSTELLATION ENERGY CORP
-$20.4M
B
BKVBKV CORP
-$16.2M
P
PEGPUBLIC SVC ENTERPRISE GRP IN
-$15.0M
L
LADLITHIA MTRS INC
-$12.6M

Top Holdings

P
PCGPG&E CORP
+13.9%$114.6M
E
ESEVERSOURCE ENERGY
+8.7%$71.4M
P
PEGPUBLIC SVC ENTERPRISE GRP IN
+4.5%$36.7M
C
CATCATERPILLAR INC
+4.1%$33.6M
P
PCARPACCAR INC
+3.7%$30.6M

Equity Positions (56)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
PG&E CORP13.93%$114.6M8,223,183$14.07$13.94+$109.7M
EVERSOURCE ENERGY8.67%$71.4M1,121,926$63.62$63.62+$71.4M
PUBLIC SVC ENTERPRISE GRP IN4.46%$36.7M436,046$86.78$84.18-$15.0M
CATERPILLAR INC4.08%$33.6M86,526$388.21$388.21+$33.6M
PACCAR INC3.72%$30.6M322,038$95.06$95.06+$30.6M

Options Positions (1)

TickerSecurityActionTypeNotional ValueContractsUnderlying PricePremium PaidChange (Contracts)Change (Value)
PG&E CORPNew
Call
$31.7M22,712$13.94$13.94+22,712+$31.7M

Industry Allocation

NATURAL GAS TRANSMISSION
+19.3%
ELECTRIC & OTHER SERVICES COMBINED
+18.8%
MOTOR VEHICLE PARTS & ACCESSORIES
+10.0%
ELECTRIC SERVICES
+6.8%
MOTOR VEHICLES & PASSENGER CAR BODIES
+6.3%