# EDGAR Filing Document

**Accession Number:** 0001698819
**File Stem:** 0001172661-26-000950
**Filing Date:** 2026-2
**Character Count:** 11410
**Document Hash:** 666dcdfccd396be233dafcf98228a0ac
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-26-000950.hdr.sgml**: 20260217

**ACCESSION NUMBER**: 0001172661-26-000950

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260217

**DATE AS OF CHANGE**: 20260217

**EFFECTIVENESS DATE**: 20260217

**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:** 26638871

**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:** 12-31-2025

**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  02-17-2026<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:** 76

**Form 13F Information Table Value Total:** $1424043226

      (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 |  | 9982694 | 95693 | SH |  | SOLE |  | 95693 | 0 | 0 |
| ALCOA CORP | COM | 013872106 |  | 2505445 | 47148 | SH |  | SOLE |  | 47148 | 0 | 0 |
| AMERICAN HEALTHCARE REIT INC | COM SHS | 398182303 |  | 14118000 | 300000 | SH |  | SOLE |  | 300000 | 0 | 0 |
| AMPHENOL CORP NEW | CL A | 032095101 |  | 13688331 | 101290 | SH |  | SOLE |  | 101290 | 0 | 0 |
| ANDERSEN GROUP INC | CL A | 033853102 |  | 311160 | 12000 | SH |  | SOLE |  | 12000 | 0 | 0 |
| ANTERO RESOURCES CORP | COM | 03674X106 |  | 14923765 | 433075 | SH |  | SOLE |  | 433075 | 0 | 0 |
| APTIV PLC | COM SHS | G3265R107 |  | 12225304 | 160669 | SH |  | SOLE |  | 160669 | 0 | 0 |
| ARCHER AVIATION INC | COM CL A | 03945R102 |  | 8460000 | 1125000 | SH |  | SOLE |  | 1125000 | 0 | 0 |
| ARRAY TECHNOLOGIES INC | COM SHS | 04271T100 |  | 1528344 | 165764 | SH |  | SOLE |  | 165764 | 0 | 0 |
| ASBURY AUTOMOTIVE GROUP INC | COM | 043436104 |  | 11790666 | 50706 | SH |  | SOLE |  | 50706 | 0 | 0 |
| AUTONATION INC | COM | 05329W102 |  | 4292719 | 20790 | SH |  | SOLE |  | 20790 | 0 | 0 |
| BAKER HUGHES COMPANY | CL A | 05722G100 |  | 4169916 | 91566 | SH |  | SOLE |  | 91566 | 0 | 0 |
| BKV CORP | COM | 05603J108 |  | 2036250 | 75000 | SH |  | SOLE |  | 75000 | 0 | 0 |
| BLACK HILLS CORP | COM | 092113109 |  | 142808047 | 2057160 | SH |  | SOLE |  | 2057160 | 0 | 0 |
| CALIFORNIA RES CORP | COM STOCK | 13057Q305 |  | 17094869 | 382350 | SH |  | SOLE |  | 382350 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 31550242 | 55074 | SH |  | SOLE |  | 55074 | 0 | 0 |
| CENTURI HOLDINGS INC | COM SHS | 155923105 |  | 505000 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 6131912 | 40233 | SH |  | SOLE |  | 40233 | 0 | 0 |
| CMS ENERGY CORP | COM | 125896100 |  | 1585243 | 22669 | SH |  | SOLE |  | 22669 | 0 | 0 |
| CNH INDL N V | SHS | N20944109 |  | 24381248 | 2644387 | SH |  | SOLE |  | 2644387 | 0 | 0 |
| CORE SCIENTIFIC INC NEW | COM | 21874A106 |  | 77778253 | 5341913 | SH |  | SOLE |  | 5341913 | 0 | 0 |
| CORE SCIENTIFIC INC NEW | COM | 21874A106 |  | 77162176 | 5299600 | SH | Call | SOLE |  | 5299600 | 0 | 0 |
| CROWN CASTLE INC | COM | 22822V101 |  | 1496749 | 16842 | SH |  | SOLE |  | 16842 | 0 | 0 |
| CUMMINS INC | COM | 231021106 |  | 25421431 | 49802 | SH |  | SOLE |  | 49802 | 0 | 0 |
| DANA INC | COM | 235825205 |  | 41921312 | 1764365 | SH |  | SOLE |  | 1764365 | 0 | 0 |
| DARLING INGREDIENTS INC | COM | 237266101 |  | 6361776 | 176716 | SH |  | SOLE |  | 176716 | 0 | 0 |
| DT MIDSTREAM INC | COMMON STOCK | 23345M107 |  | 9914890 | 82845 | SH |  | SOLE |  | 82845 | 0 | 0 |
| DTE ENERGY CO | COM | 233331107 |  | 4939676 | 38298 | SH |  | SOLE |  | 38298 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 |  | 27240886 | 85526 | SH |  | SOLE |  | 85526 | 0 | 0 |
| EVERSOURCE ENERGY | COM | 30040W108 |  | 76824675 | 1141017 | SH |  | SOLE |  | 1141017 | 0 | 0 |
| EXPAND ENERGY CORPORATION | COM | 165167735 |  | 8590091 | 77837 | SH |  | SOLE |  | 77837 | 0 | 0 |
| FIRST SOLAR INC | COM | 336433107 |  | 5912157 | 22632 | SH |  | SOLE |  | 22632 | 0 | 0 |
| FLUOR CORP NEW | COM | 343412102 |  | 1980311 | 49970 | SH |  | SOLE |  | 49970 | 0 | 0 |
| GALAXY DIGITAL INC. | CL A | 36317J209 |  | 58809036 | 2630100 | SH | Put | SOLE |  | 2630100 | 0 | 0 |
| GENERAC HLDGS INC | COM | 368736104 |  | 2460251 | 18041 | SH |  | SOLE |  | 18041 | 0 | 0 |
| GENTEX CORP | COM | 371901109 |  | 40368889 | 1734804 | SH |  | SOLE |  | 1734804 | 0 | 0 |
| GFL ENVIRONMENTAL INC | SUB VTG SHS | 36168Q104 |  | 15032500 | 350000 | SH |  | SOLE |  | 350000 | 0 | 0 |
| GROUP 1 AUTOMOTIVE INC | COM | 398905109 |  | 20493683 | 52107 | SH |  | SOLE |  | 52107 | 0 | 0 |
| HUDBAY MINERALS INC | COM | 443628102 |  | 2583795 | 130166 | SH |  | SOLE |  | 130166 | 0 | 0 |
| ITT INC | COM | 45073V108 |  | 10410600 | 60000 | SH |  | SOLE |  | 60000 | 0 | 0 |
| KODIAK GAS SVCS INC | COM | 50012A108 |  | 7480000 | 200000 | SH |  | SOLE |  | 200000 | 0 | 0 |
| LEGENCE CORP | CL A | 52476L109 |  | 7936576 | 184400 | SH |  | SOLE |  | 184400 | 0 | 0 |
| LIBERTY GLOBAL LTD | COM CL A | G61188101 |  | 31296627 | 2809392 | SH |  | SOLE |  | 2809392 | 0 | 0 |
| MDU RES GROUP INC | COM | 552690109 |  | 9760000 | 500000 | SH |  | SOLE |  | 500000 | 0 | 0 |
| MIAMI INTL HLDGS INC | COM | 59356Q108 |  | 1775200 | 40000 | SH |  | SOLE |  | 40000 | 0 | 0 |
| MOBILEYE GLOBAL INC | COMMON CLASS A | 60741F104 |  | 3269704 | 313190 | SH |  | SOLE |  | 313190 | 0 | 0 |
| MODINE MFG CO | COM | 607828100 |  | 6061888 | 45404 | SH |  | SOLE |  | 45404 | 0 | 0 |
| NATIONAL FUEL GAS CO | COM | 636180101 |  | 7809453 | 97545 | SH |  | SOLE |  | 97545 | 0 | 0 |
| OGE ENERGY CORP | COM | 670837103 |  | 27205195 | 637124 | SH |  | SOLE |  | 637124 | 0 | 0 |
| OMNICOM GROUP INC | COM | 681919106 |  | 13499462 | 167176 | SH |  | SOLE |  | 167176 | 0 | 0 |
| ONEOK INC NEW | COM | 682680103 |  | 3935337 | 53542 | SH |  | SOLE |  | 53542 | 0 | 0 |
| PG CORP | COM | 69331C108 |  | 159029250 | 9896033 | SH |  | SOLE |  | 9896033 | 0 | 0 |
| RB GLOBAL INC | COM | 74935Q107 |  | 30114370 | 292742 | SH |  | SOLE |  | 292742 | 0 | 0 |
| RIVIAN AUTOMOTIVE INC | COM CL A | 76954A103 |  | 7391250 | 375000 | SH | Put | SOLE |  | 375000 | 0 | 0 |
| ROLLINS INC | COM | 775711104 |  | 2100700 | 35000 | SH |  | SOLE |  | 35000 | 0 | 0 |
| SEMPRA | COM | 816851109 |  | 6030913 | 68308 | SH |  | SOLE |  | 68308 | 0 | 0 |
| SMURFIT WESTROCK PLC | SHS | G8267P108 |  | 3292441 | 85142 | SH |  | SOLE |  | 85142 | 0 | 0 |
| SONIC AUTOMOTIVE INC | CL A | 83545G102 |  | 5754093 | 93018 | SH |  | SOLE |  | 93018 | 0 | 0 |
| STELLANTIS N.V | SHS | N82405106 |  | 14830982 | 1361890 | SH |  | SOLE |  | 1361890 | 0 | 0 |
| TARGA RES CORP | COM | 87612G101 |  | 1356813 | 7354 | SH |  | SOLE |  | 7354 | 0 | 0 |
| TC ENERGY CORP | COM | 87807B107 |  | 15231624 | 276247 | SH |  | SOLE |  | 276247 | 0 | 0 |
| TE CONNECTIVITY PLC | ORD SHS | G87052109 |  | 16400741 | 72088 | SH |  | SOLE |  | 72088 | 0 | 0 |
| TECK RESOURCES LTD | CL B | 878742204 |  | 7677773 | 160321 | SH |  | SOLE |  | 160321 | 0 | 0 |
| TERAWULF INC | COM | 88080T104 |  | 27889631 | 2427296 | SH |  | SOLE |  | 2427296 | 0 | 0 |
| T-MOBILE US INC | COM | 872590104 |  | 9186545 | 45245 | SH |  | SOLE |  | 45245 | 0 | 0 |
| TXNM ENERGY INC | COM | 69349H107 |  | 9429868 | 160154 | SH |  | SOLE |  | 160154 | 0 | 0 |
| UGI CORP NEW | COM | 902681105 |  | 8339441 | 222801 | SH |  | SOLE |  | 222801 | 0 | 0 |
| UL SOLUTIONS INC | CLASS A COM SHS | 903731107 |  | 13373158 | 169581 | SH |  | SOLE |  | 169581 | 0 | 0 |
| UNITED RENTALS INC | COM | 911363109 |  | 24844505 | 30698 | SH |  | SOLE |  | 30698 | 0 | 0 |
| V2X INC | COM | 92242T101 |  | 1291962 | 23684 | SH |  | SOLE |  | 23684 | 0 | 0 |
| VIKING HOLDINGS LTD | ORD SHS | G93A5A101 |  | 17852500 | 250000 | SH |  | SOLE |  | 250000 | 0 | 0 |
| VISTEON CORP | COM NEW | 92839U206 |  | 24595523 | 258628 | SH |  | SOLE |  | 258628 | 0 | 0 |
| WARNER MUSIC GROUP CORP | COM CL A | 934550203 |  | 17812185 | 580769 | SH |  | SOLE |  | 580769 | 0 | 0 |
| WEALTHFRONT CORP | COM | 947002101 |  | 1163209 | 85593 | SH |  | SOLE |  | 85593 | 0 | 0 |
| WILLIAMS COS INC | COM | 969457100 |  | 39057915 | 649774 | SH |  | SOLE |  | 649774 | 0 | 0 |
| WOLFSPEED INC | COMMON STOCK | 97785W106 |  | 174100 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |

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