Filed: 2/17/2026ACC: 0001172661-26-000950
📋 What this filing means
COVALIS CAPITAL LLP filed this quarterly 13F‑HR report disclosing 75 equity positions with a total reported market value of $1.42B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
75
Positions
$1.42B
Total AUM (reported)
49.71M
Total Shares
Allocation by class
COM$1.04B73.4%
CL A$90.67M6.4%
SHS$69.75M4.9%
COM CL A$64.96M4.6%
ORD SHS$34.25M2.4%
COM SHS$28.38M2.0%
COM NEW$24.60M1.7%
Portfolio Concentration
Top 3$456.78M32.1%
4–10$319.83M22.5%
11–25$331.61M23.3%
Rest$315.83M22.2%
Top 3 weight
32.1%
Top 10 weight
54.5%
Voting Authority Distribution
Total shares with voting rights: 49.71M
Sole
Full voting authority
49.71M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole75
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings75
Rows:
PG&E CORP
SOLEShares9.90M
TypeSH
Market value$159.03M
11.17%
Sole
9.90M
Shared
0.00
None
0.00
CORE SCIENTIFIC INC NEW
SOLEShares10.64M
TypeSH
Market value$154.94M
10.88%
Sole
10.64M
Shared
0.00
None
0.00
BLACK HILLS CORP
SOLEShares2.06M
TypeSH
Market value$142.81M
10.03%
Sole
2.06M
Shared
0.00
None
0.00
EVERSOURCE ENERGY
SOLEShares1.14M
TypeSH
Market value$76.82M
5.39%
Sole
1.14M
Shared
0.00
None
0.00
GALAXY DIGITAL INC.
SOLEShares2.63M
TypeSH
Market value$58.81M
4.13%
Sole
2.63M
Shared
0.00
None
0.00
DANA INC
SOLEShares1.76M
TypeSH
Market value$41.92M
2.94%
Sole
1.76M
Shared
0.00
None
0.00
GENTEX CORP
SOLEShares1.73M
TypeSH
Market value$40.37M
2.83%
Sole
1.73M
Shared
0.00
None
0.00
WILLIAMS COS INC
SOLEShares649.77K
TypeSH
Market value$39.06M
2.74%
Sole
649.77K
Shared
0.00
None
0.00
CATERPILLAR INC
SOLEShares55.07K
TypeSH
Market value$31.55M
2.22%
Sole
55.07K
Shared
0.00
None
0.00
LIBERTY GLOBAL LTD
SOLEShares2.81M
TypeSH
Market value$31.30M
2.20%
Sole
2.81M
Shared
0.00
None
0.00
RB GLOBAL INC
SOLEShares292.74K
TypeSH
Market value$30.11M
2.11%
Sole
292.74K
Shared
0.00
None
0.00
TERAWULF INC
SOLEShares2.43M
TypeSH
Market value$27.89M
1.96%
Sole
2.43M
Shared
0.00
None
0.00
EATON CORP PLC
SOLEShares85.53K
TypeSH
Market value$27.24M
1.91%
Sole
85.53K
Shared
0.00
None
0.00
OGE ENERGY CORP
SOLEShares637.12K
TypeSH
Market value$27.21M
1.91%
Sole
637.12K
Shared
0.00
None
0.00
CUMMINS INC
SOLEShares49.80K
TypeSH
Market value$25.42M
1.79%
Sole
49.80K
Shared
0.00
None
0.00
UNITED RENTALS INC
SOLEShares30.70K
TypeSH
Market value$24.84M
1.74%
Sole
30.70K
Shared
0.00
None
0.00
VISTEON CORP
SOLEShares258.63K
TypeSH
Market value$24.60M
1.73%
Sole
258.63K
Shared
0.00
None
0.00
CNH INDL N V
SOLEShares2.64M
TypeSH
Market value$24.38M
1.71%
Sole
2.64M
Shared
0.00
None
0.00
GROUP 1 AUTOMOTIVE INC
SOLEShares52.11K
TypeSH
Market value$20.49M
1.44%
Sole
52.11K
Shared
0.00
None
0.00
VIKING HOLDINGS LTD
SOLEShares250K
TypeSH
Market value$17.85M
1.25%
Sole
250K
Shared
0.00
None
0.00
WARNER MUSIC GROUP CORP
SOLEShares580.77K
TypeSH
Market value$17.81M
1.25%
Sole
580.77K
Shared
0.00
None
0.00
CALIFORNIA RES CORP
SOLEShares382.35K
TypeSH
Market value$17.09M
1.20%
Sole
382.35K
Shared
0.00
None
0.00
TE CONNECTIVITY PLC
SOLEShares72.09K
TypeSH
Market value$16.40M
1.15%
Sole
72.09K
Shared
0.00
None
0.00
TC ENERGY CORP
SOLEShares276.25K
TypeSH
Market value$15.23M
1.07%
Sole
276.25K
Shared
0.00
None
0.00
GFL ENVIRONMENTAL INC
SOLEShares350K
TypeSH
Market value$15.03M
1.06%
Sole
350K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
PG&E CORPSOLE | COM | 9.90M | SH | $159.03M 11.17% | 9.90M | 0.00 | 0.00 |
CORE SCIENTIFIC INC NEWSOLE | COM | 10.64M | SH | $154.94M 10.88% | 10.64M | 0.00 | 0.00 |
BLACK HILLS CORPSOLE | COM | 2.06M | SH | $142.81M 10.03% | 2.06M | 0.00 | 0.00 |
EVERSOURCE ENERGYSOLE | COM | 1.14M | SH | $76.82M 5.39% | 1.14M | 0.00 | 0.00 |
GALAXY DIGITAL INC.SOLE | CL A | 2.63M | SH | $58.81M 4.13% | 2.63M | 0.00 | 0.00 |
DANA INCSOLE | COM | 1.76M | SH | $41.92M 2.94% | 1.76M | 0.00 | 0.00 |
GENTEX CORPSOLE | COM | 1.73M | SH | $40.37M 2.83% | 1.73M | 0.00 | 0.00 |
WILLIAMS COS INCSOLE | COM | 649.77K | SH | $39.06M 2.74% | 649.77K | 0.00 | 0.00 |
CATERPILLAR INCSOLE | COM | 55.07K | SH | $31.55M 2.22% | 55.07K | 0.00 | 0.00 |
LIBERTY GLOBAL LTDSOLE | COM CL A | 2.81M | SH | $31.30M 2.20% | 2.81M | 0.00 | 0.00 |
RB GLOBAL INCSOLE | COM | 292.74K | SH | $30.11M 2.11% | 292.74K | 0.00 | 0.00 |
TERAWULF INCSOLE | COM | 2.43M | SH | $27.89M 1.96% | 2.43M | 0.00 | 0.00 |
EATON CORP PLCSOLE | SHS | 85.53K | SH | $27.24M 1.91% | 85.53K | 0.00 | 0.00 |
OGE ENERGY CORPSOLE | COM | 637.12K | SH | $27.21M 1.91% | 637.12K | 0.00 | 0.00 |
CUMMINS INCSOLE | COM | 49.80K | SH | $25.42M 1.79% | 49.80K | 0.00 | 0.00 |
UNITED RENTALS INCSOLE | COM | 30.70K | SH | $24.84M 1.74% | 30.70K | 0.00 | 0.00 |
VISTEON CORPSOLE | COM NEW | 258.63K | SH | $24.60M 1.73% | 258.63K | 0.00 | 0.00 |
CNH INDL N VSOLE | SHS | 2.64M | SH | $24.38M 1.71% | 2.64M | 0.00 | 0.00 |
GROUP 1 AUTOMOTIVE INCSOLE | COM | 52.11K | SH | $20.49M 1.44% | 52.11K | 0.00 | 0.00 |
VIKING HOLDINGS LTDSOLE | ORD SHS | 250K | SH | $17.85M 1.25% | 250K | 0.00 | 0.00 |
WARNER MUSIC GROUP CORPSOLE | COM CL A | 580.77K | SH | $17.81M 1.25% | 580.77K | 0.00 | 0.00 |
CALIFORNIA RES CORPSOLE | COM STOCK | 382.35K | SH | $17.09M 1.20% | 382.35K | 0.00 | 0.00 |
TE CONNECTIVITY PLCSOLE | ORD SHS | 72.09K | SH | $16.40M 1.15% | 72.09K | 0.00 | 0.00 |
TC ENERGY CORPSOLE | COM | 276.25K | SH | $15.23M 1.07% | 276.25K | 0.00 | 0.00 |
GFL ENVIRONMENTAL INCSOLE | SUB VTG SHS | 350K | SH | $15.03M 1.06% | 350K | 0.00 | 0.00 |
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