13F HOLDINGS REPORT
Covalis Capital LLP
Quarter ended Q4 2025 · Filed February 17, 2026 · Accession 0001172661-26-000950
Total Value
$1.42B
Positions
76
Other Managers
1
Confidential Omitted
No
Holdings (76)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | PG&E CORP | PCG-PX | 9,896,033 | $159.0M | 11.17% |
| 2 | BLACK HILLS CORP | BKH | 2,057,160 | $142.8M | 10.03% |
| 3 | CORE SCIENTIFIC INC NEW | 21874A106 | 5,341,913 | $77.8M | 5.46% |
| 4 | CORE SCIENTIFIC INC NEW | 21874A106 | 5,299,600 | $77.2M | 5.42% |
| 5 | EVERSOURCE ENERGY | ES | 1,141,017 | $76.8M | 5.39% |
| 6 | GALAXY DIGITAL INC. | GLXY | 2,630,100 | $58.8M | 4.13% |
| 7 | DANA INC | DAN | 1,764,365 | $41.9M | 2.94% |
| 8 | GENTEX CORP | GNTX | 1,734,804 | $40.4M | 2.83% |
| 9 | WILLIAMS COS INC | 969457100 | 649,774 | $39.1M | 2.74% |
| 10 | CATERPILLAR INC | CAT | 55,074 | $31.6M | 2.22% |
| 11 | LIBERTY GLOBAL LTD | LBTYK | 2,809,392 | $31.3M | 2.20% |
| 12 | RB GLOBAL INC | RBA | 292,742 | $30.1M | 2.11% |
| 13 | TERAWULF INC | WULF | 2,427,296 | $27.9M | 1.96% |
| 14 | EATON CORP PLC | ETN | 85,526 | $27.2M | 1.91% |
| 15 | OGE ENERGY CORP | OGE | 637,124 | $27.2M | 1.91% |
| 16 | CUMMINS INC | CMI | 49,802 | $25.4M | 1.79% |
| 17 | UNITED RENTALS INC | URI | 30,698 | $24.8M | 1.74% |
| 18 | VISTEON CORP | VC | 258,628 | $24.6M | 1.73% |
| 19 | CNH INDL N V | N20944109 | 2,644,387 | $24.4M | 1.71% |
| 20 | GROUP 1 AUTOMOTIVE INC | GPI | 52,107 | $20.5M | 1.44% |
| 21 | VIKING HOLDINGS LTD | VIK | 250,000 | $17.9M | 1.25% |
| 22 | WARNER MUSIC GROUP CORP | WMG | 580,769 | $17.8M | 1.25% |
| 23 | CALIFORNIA RES CORP | CRC | 382,350 | $17.1M | 1.20% |
| 24 | TE CONNECTIVITY PLC | TEL | 72,088 | $16.4M | 1.15% |
| 25 | TC ENERGY CORP | TRPRF | 276,247 | $15.2M | 1.07% |
| 26 | GFL ENVIRONMENTAL INC | GFL | 350,000 | $15.0M | 1.06% |
| 27 | ANTERO RESOURCES CORP | AR | 433,075 | $14.9M | 1.05% |
| 28 | STELLANTIS N.V | STLA | 1,361,890 | $14.8M | 1.04% |
| 29 | AMERICAN HEALTHCARE REIT INC | AHR | 300,000 | $14.1M | 0.99% |
| 30 | AMPHENOL CORP NEW | 032095101 | 101,290 | $13.7M | 0.96% |
| 31 | OMNICOM GROUP INC | OMC | 167,176 | $13.5M | 0.95% |
| 32 | UL SOLUTIONS INC | ULS | 169,581 | $13.4M | 0.94% |
| 33 | APTIV PLC | APTV | 160,669 | $12.2M | 0.86% |
| 34 | ASBURY AUTOMOTIVE GROUP INC | ABG | 50,706 | $11.8M | 0.83% |
| 35 | ITT INC | ITT | 60,000 | $10.4M | 0.73% |
| 36 | AGCO CORP | AGCO | 95,693 | $10.0M | 0.70% |
| 37 | DT MIDSTREAM INC | DTM | 82,845 | $9.9M | 0.70% |
| 38 | MDU RES GROUP INC | 552690109 | 500,000 | $9.8M | 0.69% |
| 39 | TXNM ENERGY INC | TXNM | 160,154 | $9.4M | 0.66% |
| 40 | T-MOBILE US INC | TMUSZ | 45,245 | $9.2M | 0.65% |
| 41 | EXPAND ENERGY CORPORATION | EXE | 77,837 | $8.6M | 0.60% |
| 42 | ARCHER AVIATION INC | ACHR-WT | 1,125,000 | $8.5M | 0.59% |
| 43 | UGI CORP NEW | 902681105 | 222,801 | $8.3M | 0.59% |
| 44 | LEGENCE CORP | LGN | 184,400 | $7.9M | 0.56% |
| 45 | NATIONAL FUEL GAS CO | NFG | 97,545 | $7.8M | 0.55% |
| 46 | TECK RESOURCES LTD | TCKRF | 160,321 | $7.7M | 0.54% |
| 47 | KODIAK GAS SVCS INC | 50012A108 | 200,000 | $7.5M | 0.53% |
| 48 | RIVIAN AUTOMOTIVE INC | RIVN | 375,000 | $7.4M | 0.52% |
| 49 | DARLING INGREDIENTS INC | DAR | 176,716 | $6.4M | 0.45% |
| 50 | CHEVRON CORP NEW | CVX | 40,233 | $6.1M | 0.43% |
| 51 | MODINE MFG CO | 607828100 | 45,404 | $6.1M | 0.43% |
| 52 | SEMPRA | SREA | 68,308 | $6.0M | 0.42% |
| 53 | FIRST SOLAR INC | FSLR | 22,632 | $5.9M | 0.42% |
| 54 | SONIC AUTOMOTIVE INC | SAH | 93,018 | $5.8M | 0.40% |
| 55 | DTE ENERGY CO | DTK | 38,298 | $4.9M | 0.35% |
| 56 | AUTONATION INC | AN | 20,790 | $4.3M | 0.30% |
| 57 | BAKER HUGHES COMPANY | BKR | 91,566 | $4.2M | 0.29% |
| 58 | ONEOK INC NEW | OKE | 53,542 | $3.9M | 0.28% |
| 59 | SMURFIT WESTROCK PLC | SW | 85,142 | $3.3M | 0.23% |
| 60 | MOBILEYE GLOBAL INC | MBLY | 313,190 | $3.3M | 0.23% |
| 61 | HUDBAY MINERALS INC | HBM | 130,166 | $2.6M | 0.18% |
| 62 | ALCOA CORP | AA | 47,148 | $2.5M | 0.18% |
| 63 | GENERAC HLDGS INC | GNRC | 18,041 | $2.5M | 0.17% |
| 64 | ROLLINS INC | ROL | 35,000 | $2.1M | 0.15% |
| 65 | BKV CORP | BKV | 75,000 | $2.0M | 0.14% |
| 66 | FLUOR CORP NEW | FLR | 49,970 | $2.0M | 0.14% |
| 67 | MIAMI INTL HLDGS INC | 59356Q108 | 40,000 | $1.8M | 0.12% |
| 68 | CMS ENERGY CORP | CMS-PC | 22,669 | $1.6M | 0.11% |
| 69 | ARRAY TECHNOLOGIES INC | ARRY | 165,764 | $1.5M | 0.11% |
| 70 | CROWN CASTLE INC | CCI | 16,842 | $1.5M | 0.11% |
| 71 | TARGA RES CORP | TRGP | 7,354 | $1.4M | 0.10% |
| 72 | V2X INC | VVX | 23,684 | $1.3M | 0.09% |
| 73 | WEALTHFRONT CORP | WLTH | 85,593 | $1.2M | 0.08% |
| 74 | CENTURI HOLDINGS INC | CTRI | 20,000 | $505,000 | 0.04% |
| 75 | ANDERSEN GROUP INC | ANDG | 12,000 | $311,160 | 0.02% |
| 76 | WOLFSPEED INC | WOLF | 10,000 | $174,100 | 0.01% |