# EDGAR Filing Document

**Accession Number:** 0001698819
**File Stem:** 0001172661-26-002319
**Filing Date:** 2026-5
**Character Count:** 16049
**Document Hash:** 333aa7c244f4a2a393a2cbe147cd6bac
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-26-002319.hdr.sgml**: 20260515

**ACCESSION NUMBER**: 0001172661-26-002319

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260515

**DATE AS OF CHANGE**: 20260515

**EFFECTIVENESS DATE**: 20260515

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Covalis Capital LLP
- **CENTRAL INDEX KEY:** 0001698819

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** X0
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-18327
- **FILM NUMBER:** 26987614

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 11 CHARLES II STREET
- **STREET 2:** 2ND FLOOR
- **CITY:** LONDON
- **PROVINCE COUNTRY:** X0
- **ZIP:** SW1Y 4QU
- **BUSINESS PHONE:** 00442035406864

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 11 CHARLES II STREET
- **STREET 2:** 2ND FLOOR
- **CITY:** LONDON
- **PROVINCE COUNTRY:** X0
- **ZIP:** SW1Y 4QU

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 03-31-2026

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Covalis Capital LLP<br>**Address:** 11 CHARLES II STREET<br>2ND FLOOR<br>LONDON, X0 SW1Y 4QU

**Form 13F File Number:** 028-18327

**CRD Number (if applicable):** 000174043

**SEC File Number (if applicable):** 802-115074

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Katrina West<br>**Title:** Chief Compliance Officer<br>**Phone:** 44-204-520-5285

**Signature, Place, and Date of Signing:**

/s/ Katrina West  London, X0  05-15-2026<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 1

**Form 13F Information Table Entry Total:** 123

**Form 13F Information Table Value Total:** $1625647087

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

| No.   | Name                    | Form 13F File Number   |
|:---|:---|:---|
|  | Covalis (Gibraltar) Ltd | 028-21343              |

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| AGCO CORP | COM | 001084102 |  | 2021816 | 17449 | SH |  | SOLE |  | 17449 | 0 | 0 |
| AMER SPORTS INC | COM SHS | G0260P102 |  | 493800 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| AMERICAN HEALTHCARE REIT INC | COM SHS | 398182303 |  | 4716000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| AMPHENOL CORP | CL A | 032095101 |  | 2298812 | 18194 | SH |  | SOLE |  | 18194 | 0 | 0 |
| ANDERSEN GROUP INC | CL A | 033853102 |  | 272000 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| ANTERIS TECHNOLOGIES GLOBAL | COM | 03675P102 |  | 277500 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| ANTERO MIDSTREAM CORP | COM | 03676B102 |  | 22461694 | 985162 | SH |  | SOLE |  | 985162 | 0 | 0 |
| ANTERO RESOURCES CORP | COM | 03674X106 |  | 39206412 | 923808 | SH |  | SOLE |  | 923808 | 0 | 0 |
| APPLIED DIGITAL CORP | COM NEW | 038169207 |  | 17523515 | 738143 | SH |  | SOLE |  | 738143 | 0 | 0 |
| APTIV PLC | COM SHS | G3265R107 |  | 17530961 | 252462 | SH |  | SOLE |  | 252462 | 0 | 0 |
| ARCHER AVIATION INC | COM CL A | 03945R102 |  | 2585000 | 500000 | SH |  | SOLE |  | 500000 | 0 | 0 |
| ASBURY AUTOMOTIVE GROUP INC | COM | 043436104 |  | 10106410 | 51719 | SH |  | SOLE |  | 51719 | 0 | 0 |
| AXOGEN INC | COM | 05463X106 |  | 331300 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| BKV CORP | COM | 05603J108 |  | 17232098 | 604211 | SH |  | SOLE |  | 604211 | 0 | 0 |
| BLACK HILLS CORP | COM | 092113109 |  | 121665041 | 1752846 | SH |  | SOLE |  | 1752846 | 0 | 0 |
| BOBS DISC FURNITURE INC | COM SHS | 09681N106 |  | 470000 | 40000 | SH |  | SOLE |  | 40000 | 0 | 0 |
| BORGWARNER INC | COM | 099724106 |  | 8285556 | 152701 | SH |  | SOLE |  | 152701 | 0 | 0 |
| BP PLC | SPONSORED ADR | 055622104 |  | 5946675 | 126525 | SH |  | SOLE |  | 126525 | 0 | 0 |
| CALIFORNIA RES CORP | COM STOCK | 13057Q305 |  | 1952350 | 28205 | SH |  | SOLE |  | 28205 | 0 | 0 |
| CARVANA CO | CL A | 146869102 |  | 9060746 | 28821 | SH |  | SOLE |  | 28821 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 24129439 | 34059 | SH |  | SOLE |  | 34059 | 0 | 0 |
| CENTURI HOLDINGS INC | COM SHS | 155923105 |  | 1256030 | 43000 | SH |  | SOLE |  | 43000 | 0 | 0 |
| CLEVELAND-CLIFFS INC NEW | COM | 185899101 |  | 9128603 | 1080308 | SH |  | SOLE |  | 1080308 | 0 | 0 |
| COMSTOCK INC | COM SHS | 205750409 |  | 381250 | 125000 | SH |  | SOLE |  | 125000 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 4057284 | 30737 | SH |  | SOLE |  | 30737 | 0 | 0 |
| CORE SCIENTIFIC INC NEW | COM | 21874A106 |  | 51941554 | 3472029 | SH |  | SOLE |  | 3472029 | 0 | 0 |
| CORTEVA INC | COM | 22052L104 |  | 2045538 | 24436 | SH |  | SOLE |  | 24436 | 0 | 0 |
| CUMMINS INC | COM | 231021106 |  | 22063124 | 41008 | SH |  | SOLE |  | 41008 | 0 | 0 |
| DANA INC | COM | 235825205 |  | 40350994 | 1199138 | SH |  | SOLE |  | 1199138 | 0 | 0 |
| DARLING INGREDIENTS INC | COM | 237266101 |  | 3627626 | 58652 | SH |  | SOLE |  | 58652 | 0 | 0 |
| DIAMONDBACK ENERGY INC | COM | 25278X109 |  | 25338877 | 128110 | SH |  | SOLE |  | 128110 | 0 | 0 |
| DIGITALOCEAN HLDGS INC | COM | 25402D102 |  | 1232659 | 14370 | SH |  | SOLE |  | 14370 | 0 | 0 |
| DT MIDSTREAM INC | COMMON STOCK | 23345M107 |  | 2129671 | 15814 | SH |  | SOLE |  | 15814 | 0 | 0 |
| DTE ENERGY CO | COM | 233331107 |  | 38288438 | 261855 | SH |  | SOLE |  | 261855 | 0 | 0 |
| DUOS TECHNOLOGIES GROUP INC | COM | 266042407 |  | 4781413 | 696999 | SH |  | SOLE |  | 696999 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 |  | 72686770 | 203223 | SH |  | SOLE |  | 203223 | 0 | 0 |
| ELDORADO GOLD CORP NEW | COM | 284902509 |  | 7915640 | 230575 | SH |  | SOLE |  | 230575 | 0 | 0 |
| EQT CORP | COM | 26884L109 |  | 20359645 | 319919 | SH |  | SOLE |  | 319919 | 0 | 0 |
| EQUIPMENTSHARE COM INC | COM CL A | 29445S100 |  | 203700 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| EXPAND ENERGY CORPORATION | COM | 165167735 |  | 5081606 | 46289 | SH |  | SOLE |  | 46289 | 0 | 0 |
| FERRARI N V | COM | N3167Y103 |  | 18188303 | 53740 | SH |  | SOLE |  | 53740 | 0 | 0 |
| FIRSTENERGY CORP | COM | 337932107 |  | 12469807 | 246147 | SH |  | SOLE |  | 246147 | 0 | 0 |
| FLUOR CORP | COM | 343412102 |  | 5728573 | 122799 | SH |  | SOLE |  | 122799 | 0 | 0 |
| FMC CORP | COM NEW | 302491303 |  | 664210 | 38572 | SH |  | SOLE |  | 38572 | 0 | 0 |
| FORGENT POWER SOLUTIONS INC | COM SHS CL A | 34631F102 |  | 9534439 | 325741 | SH |  | SOLE |  | 325741 | 0 | 0 |
| GENERAC HLDGS INC | COM | 368736104 |  | 22082252 | 113051 | SH |  | SOLE |  | 113051 | 0 | 0 |
| GENERAL MTRS CO | COM | 37045V100 |  | 26058387 | 349777 | SH |  | SOLE |  | 349777 | 0 | 0 |
| GROUP 1 AUTOMOTIVE INC | COM | 398905109 |  | 40378850 | 122127 | SH |  | SOLE |  | 122127 | 0 | 0 |
| H2O AMERICA | COM | 784305104 |  | 880050 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| HALLIBURTON CO | COM | 406216101 |  | 7173302 | 183978 | SH |  | SOLE |  | 183978 | 0 | 0 |
| HERC HLDGS INC | COM | 42704L104 |  | 2167602 | 21774 | SH |  | SOLE |  | 21774 | 0 | 0 |
| INNOVEX INTERNATIONAL INC | COM | 457651107 |  | 487800 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| INTERNATIONAL PAPER CO | COM | 460146103 |  | 2279159 | 63842 | SH |  | SOLE |  | 63842 | 0 | 0 |
| INTERNATIONAL TOWER HILL MIN | COM | 46050R102 |  | 540500 | 235000 | SH |  | SOLE |  | 235000 | 0 | 0 |
| ITT INC | COM | 45073V108 |  | 5715900 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| JAGUAR URANIUM CORP | CL A COM SHS | 47010E108 |  | 1924995 | 699998 | SH |  | SOLE |  | 699998 | 0 | 0 |
| JANUS LIVING INC | CL A-1 | 471024109 |  | 423388 | 17963 | SH |  | SOLE |  | 17963 | 0 | 0 |
| JEFFERSON CAPITAL INC | COM | 47248R103 |  | 288450 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| KAISER ALUMINIUM CORPORATION | COM PAR $0.01 | 483007704 |  | 8395570 | 69667 | SH |  | SOLE |  | 69667 | 0 | 0 |
| KNIGHT-SWIFT TRANSN HLDGS IN | CL A | 499049104 |  | 9543252 | 165739 | SH |  | SOLE |  | 165739 | 0 | 0 |
| KOSMOS ENERGY LTD | COM | 500688106 |  | 8792640 | 3162820 | SH |  | SOLE |  | 3162820 | 0 | 0 |
| KRATOS DEFENSE  SEC SOLUTIO | COM NEW | 50077B207 |  | 705100 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| KYIVSTAR GROUP LTD | ORD SHS | G5331N101 |  | 1012000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| LATAM AIRLINES GROUP SA | SPONSORED ADR | 51817R205 |  | 988800 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| LEGENCE CORP | CL A | 52476L109 |  | 4516800 | 80000 | SH |  | SOLE |  | 80000 | 0 | 0 |
| LITHIA MTRS INC | COM | 536797103 |  | 19944637 | 79868 | SH |  | SOLE |  | 79868 | 0 | 0 |
| MDU RES GROUP INC | COM | 552690109 |  | 4144000 | 200000 | SH |  | SOLE |  | 200000 | 0 | 0 |
| MEDLINE INC | COM CL A | 58507V107 |  | 2225000 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| METROPOLITAN BK HLDG CORP | COM | 591774104 |  | 416450 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| MIAMI INTL HLDGS INC | COM | 59356Q108 |  | 1946000 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| MYR GROUP INC | COM | 55405W104 |  | 15117107 | 53546 | SH |  | SOLE |  | 53546 | 0 | 0 |
| NATIONAL FUEL GAS CO | COM | 636180101 |  | 17121109 | 182217 | SH |  | SOLE |  | 182217 | 0 | 0 |
| NAVIGATOR HLDGS LTD | SHS | Y62132108 |  | 773200 | 40000 | SH |  | SOLE |  | 40000 | 0 | 0 |
| NRG ENERGY INC | COM NEW | 629377508 |  | 13152600 | 90000 | SH |  | SOLE |  | 90000 | 0 | 0 |
| NVENT ELEC PLC | SHS | G6700G107 |  | 8688967 | 73461 | SH |  | SOLE |  | 73461 | 0 | 0 |
| OGE ENERGY CORP | COM | 670837103 |  | 24383919 | 508422 | SH |  | SOLE |  | 508422 | 0 | 0 |
| O-I GLASS INC | COM | 67098H104 |  | 10926543 | 1039633 | SH |  | SOLE |  | 1039633 | 0 | 0 |
| OMNICOM GROUP INC | COM | 681919106 |  | 9007678 | 119608 | SH |  | SOLE |  | 119608 | 0 | 0 |
| PACKAGING CORP AMER | COM | 695156109 |  | 4763915 | 22448 | SH |  | SOLE |  | 22448 | 0 | 0 |
| PEABODY ENGR CORP | COM | 704551100 |  | 6489931 | 196963 | SH |  | SOLE |  | 196963 | 0 | 0 |
| PG CORP | COM | 69331C108 |  | 139038034 | 7913377 | SH |  | SOLE |  | 7913377 | 0 | 0 |
| PICS NV | COM CL A | N69958101 |  | 156750 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| PORTLAND GEN ELEC CO | COM NEW | 736508847 |  | 2638500 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| POWERBANK CORP | COM SHS | 73933V100 |  | 187390 | 350000 | SH |  | SOLE |  | 350000 | 0 | 0 |
| PPL CORP | COM | 69351T106 |  | 12235231 | 320294 | SH |  | SOLE |  | 320294 | 0 | 0 |
| RB GLOBAL INC | COM | 74935Q107 |  | 34437084 | 359281 | SH |  | SOLE |  | 359281 | 0 | 0 |
| REDWIRE CORPORATION | COM | 75776W103 |  | 170000 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| RIVIAN AUTOMOTIVE INC | COM CL A | 76954A103 |  | 8140816 | 540918 | SH |  | SOLE |  | 540918 | 0 | 0 |
| ROLLINS INC | COM | 775711104 |  | 1869350 | 35000 | SH |  | SOLE |  | 35000 | 0 | 0 |
| SELECT WATER SOLUTIONS INC | CL A COM | 81617J301 |  | 1530000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| SEMPRA | COM | 816851109 |  | 1394292 | 14349 | SH |  | SOLE |  | 14349 | 0 | 0 |
| SHELL PLC | SPON ADS | 780259305 |  | 9916497 | 106629 | SH |  | SOLE |  | 106629 | 0 | 0 |
| SMURFIT WESTROCK PLC | SHS | G8267P108 |  | 8105769 | 203407 | SH |  | SOLE |  | 203407 | 0 | 0 |
| SOLV ENERGY INC | COM SHS CL A | 78475V103 |  | 20934213 | 697110 | SH |  | SOLE |  | 697110 | 0 | 0 |
| SOUTHWEST GAS HLDGS INC | COM | 844895102 |  | 1618599 | 18626 | SH |  | SOLE |  | 18626 | 0 | 0 |
| STANDARDAERO INC | COM | 85423L103 |  | 3874500 | 150000 | SH |  | SOLE |  | 150000 | 0 | 0 |
| STEEL DYNAMICS INC | COM | 858119100 |  | 11409300 | 63385 | SH |  | SOLE |  | 63385 | 0 | 0 |
| STELLANTIS N.V | SHS | N82405106 |  | 12580612 | 1784868 | SH |  | SOLE |  | 1784868 | 0 | 0 |
| STELLANTIS N.V | SHS | N82405106 |  | 1049320 | 148000 | SH | Call | SOLE |  | 148000 | 0 | 0 |
| TALEN ENERGY CORP | COM | 87422Q109 |  | 24337138 | 76237 | SH |  | SOLE |  | 76237 | 0 | 0 |
| TARGA RES CORP | COM | 87612G101 |  | 19210180 | 76617 | SH |  | SOLE |  | 76617 | 0 | 0 |
| TC ENERGY CORP | COM | 87807B107 |  | 18792404 | 300700 | SH |  | SOLE |  | 300700 | 0 | 0 |
| TE CONNECTIVITY PLC | ORD SHS | G87052109 |  | 3647817 | 17452 | SH |  | SOLE |  | 17452 | 0 | 0 |
| TECK RESOURCES LTD | CL B | 878742204 |  | 6947541 | 134252 | SH |  | SOLE |  | 134252 | 0 | 0 |
| UGI CORP NEW | COM | 902681105 |  | 4797097 | 131716 | SH |  | SOLE |  | 131716 | 0 | 0 |
| UL SOLUTIONS INC | CLASS A COM SHS | 903731107 |  | 8571000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| UNITED RENTALS INC | COM | 911363109 |  | 79039289 | 108487 | SH |  | SOLE |  | 108487 | 0 | 0 |
| V2X INC | COM | 92242T101 |  | 1712500 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| VALE S A | SPONSORED ADS | 91912E105 |  | 8861456 | 556974 | SH |  | SOLE |  | 556974 | 0 | 0 |
| VERSANT MEDIA GROUP INC | COM CL A | 925283103 |  | 429432 | 11600 | SH |  | SOLE |  | 11600 | 0 | 0 |
| VIKING HOLDINGS LTD | ORD SHS | G93A5A101 |  | 9185000 | 125000 | SH |  | SOLE |  | 125000 | 0 | 0 |
| VIPER ENERGY INC | CL A | 64361Q101 |  | 18796000 | 400000 | SH |  | SOLE |  | 400000 | 0 | 0 |
| VISTEON CORP | COM NEW | 92839U206 |  | 20059142 | 220164 | SH |  | SOLE |  | 220164 | 0 | 0 |
| VSE CORP | COM | 918284100 |  | 1383000 | 7500 | SH |  | SOLE |  | 7500 | 0 | 0 |
| WARNER MUSIC GROUP CORP | COM CL A | 934550203 |  | 19699181 | 771307 | SH |  | SOLE |  | 771307 | 0 | 0 |
| WEALTHFRONT CORP | COM | 947002101 |  | 462500 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| WHIRLPOOL CORP | 8.5 DEP SR A CNV | 963320205 |  | 12899250 | 315000 | SH |  | SOLE |  | 315000 | 0 | 0 |
| WHIRLPOOL CORP | COM | 963320106 |  | 70759432 | 1312304 | SH |  | SOLE |  | 1312304 | 0 | 0 |
| WILLIAMS COS INC | COM | 969457100 |  | 40211387 | 552506 | SH |  | SOLE |  | 552506 | 0 | 0 |
| WOLFSPEED INC | COMMON STOCK | 97785W106 |  | 326400 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| XCEL ENERGY INC | COM | 98389B100 |  | 31840902 | 400817 | SH |  | SOLE |  | 400817 | 0 | 0 |
| XENON PHARMACEUTICALS INC | COM | 98420N105 |  | 581500 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| YORK SPACE SYSTEMS INC | COM | 987084100 |  | 332550 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |

---