Covalis Capital LL.P. is an investment fund managing more than $735 billion ran by Chris Egbunike. There are currently 59 companies in Mr. Egbunike’s portfolio. The largest investments include National Grid Plc and PG&E, together worth $149 billion.
As of 6th August 2024, Covalis Capital LL.P.’s top holding is 1,530,345 shares of National Grid Plc currently worth over $86.9 billion and making up 11.8% of the portfolio value.
Relative to the number of outstanding shares of National Grid Plc, Covalis Capital LL.P. owns more than approximately 0.1% of the company.
In addition, the fund holds 3,529,368 shares of PG&E worth $61.6 billion, whose value grew 11.9% in the past six months.
The third-largest holding is Devon worth $52.5 billion and the next is Pinnacle West Cap Corp worth $42.2 billion, with 552,588 shares owned.
Currently, Covalis Capital LL.P.'s portfolio is worth at least $735 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
The Covalis Capital LL.P. office and employees reside in London, United Kingdom. According to the last 13-F report filed with the SEC, Chris Egbunike serves as the Chief Compliance Officer at Covalis Capital LL.P..
In the most recent 13F filing, Covalis Capital LL.P. revealed that it had opened a new position in
National Grid Plc and bought 1,530,345 shares worth $86.9 billion.
This means they effectively own approximately 0.1% of the company.
National Grid Plc makes up
29.9%
of the fund's Utilities sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Fluence Energy Inc by buying
760,625 additional shares.
This makes their stake in Fluence Energy Inc total 1,972,140 shares worth $34.2 billion.
On the other hand, there are companies that Covalis Capital LL.P. is getting rid of from its portfolio.
Covalis Capital LL.P. closed its position in Oneok on 13th August 2024.
It sold the previously owned 853,589 shares for $68.4 billion.
Chris Egbunike also disclosed a decreased stake in PG&E by 0.5%.
This leaves the value of the investment at $61.6 billion and 3,529,368 shares.
The two most similar investment funds to Covalis Capital LL.P. are North American Management Corp and Cutler Investment Counsel. They manage $735 billion and $734 billion respectively.
Covalis Capital LL.P.’s portfolio is diversified across 9 sectors.
Currently, their heaviest sector is Utilities — making up 39.6% of
the total portfolio value.
The fund focuses on investments in the United States as
52.5% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
34% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $33.1 billion.
These positions were updated on August 13th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| National Grid Plc |
Opened
1,530,345
|
$86,923,596,000 | 11.83% |
| Oneok Inc. |
Closed
853,589
|
$68,432,230,000 | |
| PG&E Corp. |
47.15%
3,529,368
|
$61,622,765,000 | 8.38% |
| Devon Energy Corp. |
Opened
1,107,519
|
$52,496,401,000 | 7.14% |
| Cenovus Energy Inc |
Closed
2,583,398
|
$51,642,126,000 | |
| Pinnacle West Cap Corp |
Opened
552,588
|
$42,206,671,000 | 5.74% |
| Fluence Energy Inc |
62.78%
1,972,140
|
$34,196,908,000 | 4.65% |
| NRG Energy Inc. |
Opened
428,188
|
$33,338,718,000 | 4.54% |
| NextEra Energy Partners LP |
Closed
930,825
|
$27,999,216,000 | |
| Evergy Inc |
Opened
458,197
|
$24,270,695,000 | 3.30% |
| Ford Mtr Co Del |
Opened
1,638,506
|
$20,546,865,000 | 2.80% |
| Bloom Energy Corp |
Closed
1,793,357
|
$20,157,333,000 | |
| Edison Intl |
Opened
280,480
|
$20,141,269,000 | 2.74% |
| BorgWarner Inc |
Opened
553,176
|
$17,834,394,000 | 2.43% |
| Group 1 Automotive, Inc. |
17.16%
59,058
|
$17,556,762,000 | 2.39% |
| NiSource Inc |
71.29%
575,534
|
$16,581,135,000 | 2.26% |
| Vistra Corp |
Opened
190,740
|
$16,399,825,000 | 2.23% |
| Phinia Inc |
18.69%
415,597
|
$16,357,898,000 | 2.23% |
| Xcel Energy Inc. |
Closed
302,418
|
$16,254,968,000 | |
| General Mtrs Co |
Closed
356,829
|
$16,182,195,000 | |
| Suncor Energy, Inc. |
Opened
412,247
|
$15,706,611,000 | 2.14% |
| BP plc |
Closed
411,331
|
$15,498,952,000 | |
| Paccar Inc. |
Closed
122,945
|
$15,231,656,000 | |
| The Southern Co. |
Opened
192,044
|
$14,896,853,000 | 2.03% |
| Ge Vernova Inc |
Opened
82,337
|
$14,121,619,000 | 1.92% |
| NextEra Energy Inc |
89.65%
197,510
|
$13,985,683,000 | 1.90% |
| RB Global Inc |
40.70%
179,295
|
$13,690,966,000 | 1.86% |
| O-I Glass Inc |
267.76%
1,228,397
|
$13,672,059,000 | 1.86% |
| Aptiv PLC |
Opened
193,003
|
$13,591,271,000 | 1.85% |
| PPL Corp |
53.04%
468,284
|
$12,948,053,000 | 1.76% |
| Sempra |
Closed
169,919
|
$12,205,282,000 | |
| Liberty Global Ltd |
43.66%
698,678
|
$12,177,958,000 | 1.66% |
| Alliant Energy Corp. |
Opened
201,533
|
$10,258,030,000 | 1.40% |
| Asbury Automotive Group Inc |
29.35%
43,658
|
$9,948,348,000 | 1.35% |
| BlackBerry Ltd |
Closed
3,585,184
|
$9,895,108,000 | |
| Autoliv Inc. |
Closed
79,588
|
$9,584,783,000 | |
| NextDecade Corporation |
7.26%
1,204,679
|
$9,565,151,000 | 1.30% |
| MYR Group Inc |
Opened
58,817
|
$7,982,055,000 | 1.09% |
| TC Energy Corporation |
Opened
200,148
|
$7,585,609,000 | 1.03% |
| Occidental Pete Corp |
Closed
114,661
|
$7,451,818,000 | |
| Mobileye Global Inc |
Closed
230,819
|
$7,420,831,000 | |
| Stellantis N.V |
Closed
260,198
|
$7,395,084,000 | |
| Visteon Corp. |
Closed
62,276
|
$7,324,280,000 | |
| Xpeng Inc. |
Closed
930,144
|
$7,143,506,000 | |
| Sunnova Energy International Inc |
Closed
1,140,782
|
$6,992,994,000 | |
| Corteva Inc |
58.86%
129,382
|
$6,978,865,000 | 0.95% |
| Primoris Svcs Corp |
59.02%
137,131
|
$6,841,466,000 | 0.93% |
| EQT Corp |
Opened
184,552
|
$6,824,733,000 | 0.93% |
| Vertiv Holdings Co |
279.44%
77,144
|
$6,678,356,000 | 0.91% |
| Shell Plc |
Closed
98,313
|
$6,590,904,000 | |
| Valero Energy Corp. |
Opened
41,638
|
$6,527,173,000 | 0.89% |
| First Solar Inc |
67.70%
26,865
|
$6,056,983,000 | 0.82% |
| Hallador Energy Co |
Opened
777,842
|
$6,043,832,000 | 0.82% |
| Jabil Inc |
Closed
40,804
|
$5,465,696,000 | |
| Public Svc Enterprise Grp In |
Closed
78,198
|
$5,222,062,000 | |
| International Paper Co. |
Closed
130,174
|
$5,079,389,000 | |
| Enbridge Inc |
Closed
139,939
|
$5,062,993,000 | |
| Ameren Corp. |
Opened
70,599
|
$5,020,295,000 | 0.68% |
| Clean Energy Fuels Corp |
Opened
1,833,056
|
$4,894,260,000 | 0.67% |
| Quanta Svcs Inc |
Opened
18,449
|
$4,687,706,000 | 0.64% |
| Chemours Company |
279.35%
205,502
|
$4,638,180,000 | 0.63% |
| Adient plc |
Opened
178,329
|
$4,406,510,000 | 0.60% |
| Rush Enterprises Inc |
Opened
99,638
|
$4,171,843,000 | 0.57% |
| Array Technologies, Inc. |
Opened
369,013
|
$3,786,073,000 | 0.52% |
| Carvana Co. |
Opened
24,590
|
$3,165,225,000 | 0.43% |
| Ats Corporation |
30.73%
95,561
|
$3,091,669,000 | 0.42% |
| Tyson Foods, Inc. |
100.80%
53,648
|
$3,065,447,000 | 0.42% |
| Select Sector Spdr Tr |
Closed
23,932
|
$3,014,475,000 | |
| Lear Corp. |
Closed
20,651
|
$2,991,917,000 | |
| Crescent Energy Company |
33.71%
248,599
|
$2,945,898,000 | 0.40% |
| International Flavors&fragra |
Closed
23,831
|
$2,049,228,000 | |
| Fluor Corp New |
46.86%
46,411
|
$2,021,199,000 | 0.27% |
| DuPont de Nemours Inc |
Opened
24,656
|
$1,984,561,000 | 0.27% |
| Modine Mfg Co |
Closed
19,281
|
$1,835,358,000 | |
| Silvaco Group Inc |
Opened
90,000
|
$1,618,200,000 | 0.22% |
| Mosaic Co New |
Opened
55,106
|
$1,592,563,000 | 0.22% |
| Cf Inds Hldgs Inc |
Opened
17,320
|
$1,283,758,000 | 0.17% |
| Sibanye Stillwater Ltd |
66.29%
227,640
|
$990,234,000 | 0.13% |
| Bitdeer Technologies Group |
Opened
92,337
|
$947,378,000 | 0.13% |
| Terawulf Inc |
Opened
208,333
|
$927,082,000 | 0.13% |
| Tesla Inc |
Opened
4,428
|
$876,213,000 | 0.12% |
| Ramaco Res Inc |
Closed
46,782
|
$787,809,000 | |
| Waystar Hldg Corp |
Opened
35,000
|
$752,500,000 | 0.10% |
| Applied Digital Corp |
Opened
110,558
|
$657,820,000 | 0.09% |
| Corporacion Amer Arpts S A |
Opened
36,559
|
$608,342,000 | 0.08% |
| Net Power Inc |
Closed
49,430
|
$563,008,000 | |
| Core Scientific Inc New |
Opened
35,363
|
$328,876,000 | 0.04% |
| No transactions found | |||
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