# EDGAR Filing Document

**Accession Number:** 0001698819
**File Stem:** 0001172661-25-003936
**Filing Date:** 2025-8
**Character Count:** 19199
**Document Hash:** 33e145efe2f915437e62532c2cae7199
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-25-003936.hdr.sgml**: 20250829

**ACCESSION NUMBER**: 0001172661-25-003936

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250829

**EFFECTIVENESS DATE**: 20250829

**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:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-18327
- **FILM NUMBER:** 251276172

**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 N-PX
### ANNUAL REPORT OF PROXY VOTING RECORD

## N-PX: Filer Information

**Filer CIK:** 0001698819

**Date of Report:** 06/30/2025

**Are you a Registered Management Investment Company or an Institutional Manager?:** Institutional Manager

**Is this a LIVE or TEST Filing?:** LIVE

**Is this an electronic copy of an official filing submitted in paper format?:** [ ]

### Submission Contact Information
_Not provided in this filing._

### Notification Information
**Notify via Filing Website only?:** [ ]

## N-PX: Cover Page

**Name of reporting person:** Covalis Capital LLP

**Address:** 11 CHARLES II STREET, LONDON, X0 SW1Y 4QU

**Telephone number:** 44-204-520-5285

**Name of agent for service:** —

**Agent Address:** —, —, — —

**Reporting Period:** Report for the year ended 06/30/2025

**SEC File Number:** 028-18327

**CRD Number (if any):** —

**Other SEC File Number (if any):** —

**LEI (if any):** —

**Report Type (check only one):**

Institutional Manager.

- [x] Institutional Manager Voting Report

- [ ] Institutional Manager Notice Report

- [ ] Institutional Manager Combination Report

Registered Management Investment Company.

- [ ] Fund Voting Report

- [ ] Fund Notice Report

**Do you wish to provide explanatory information pursuant to Special Instruction B.4?:**

- [x] No

- [ ] Yes

**Additional information:** —

## N-PX: Summary - Included Managers

**Number of Included Institutional Managers:** 1

**Included Institutional Managers:** —

## FORM N-PX PROXY VOTING RECORD

| NAME OF ISSUER                               | CUSIP     | MEETING DATE   | VOTE DESCRIPTION                                                                                                                                        | VOTE CATEGORY                |   SHARES VOTED |   SHARES ON LOAN | HOW VOTED   |   SHARES VOTED FOR OR AGAINST MANAGEMENT | FOR OR AGAINST MANAGEMENT   | OTHER INFO   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| Allison Transmission Holdings, Inc.          | 01973R101 | 05/07/2025     | An advisory non-binding vote to approve the compensation paid to our named executive officers.                                                          | SECTION 14A SAY-ON-PAY VOTES |          69573 |                0 | FOR         |                                    69573 | FOR                         |  |
| Allison Transmission Holdings, Inc.          | 01973R101 | 05/07/2025     | An advisory non-binding vote on the frequency of future advisory votes on the compensation paid to our named executive officers.                        | SECTION 14A SAY-ON-PAY VOTES |          69573 |                0 | ONE YEAR    |                                    69573 | FOR                         |  |
| Amphenol Corporation                         | 032095101 | 05/15/2025     | Advisory vote to approve compensation of named executive officers                                                                                       | SECTION 14A SAY-ON-PAY VOTES |          79293 |                0 | FOR         |                                    79293 | FOR                         |  |
| Aptiv PLC                                    | G3265R107 | 04/23/2025     | Say-on-Pay To approve, by advisory vote, executive compensation.                                                                                        | SECTION 14A SAY-ON-PAY VOTES |         378964 |            44568 | FOR         |                                   378964 | FOR                         |  |
| Archer-Daniels-Midland Company               | 039483102 | 05/08/2025     | Advisory Vote on Executive Compensation.                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |           5873 |                0 | FOR         |                                     5873 | FOR                         |  |
| AutoNation, Inc.                             | 05329W102 | 04/23/2025     | Advisory vote to approve named executive officer compensation.                                                                                          | SECTION 14A SAY-ON-PAY VOTES |          12306 |            39616 | FOR         |                                    12306 | FOR                         |  |
| Carvana Co.                                  | 146869102 | 05/05/2025     | To consider the approval, by an advisory vote, of the compensation of our named executive officers as disclosed in the Proxy Statement ("say-on-pay");  | SECTION 14A SAY-ON-PAY VOTES |          41657 |                0 | FOR         |                                    41657 | FOR                         |  |
| Carvana Co.                                  | 146869102 | 05/05/2025     | To recommend, by an advisory vote, the frequency of future advisory votes on the compensation of our named executive officers ("say-on-pay frequency"); | SECTION 14A SAY-ON-PAY VOTES |          41657 |                0 | ONE YEAR    |                                    41657 | FOR                         |  |
| Cummins Inc.                                 | 231021106 | 05/13/2025     | Advisory vote to approve the compensation of our named executive officers as disclosed in the proxy statement.                                          | SECTION 14A SAY-ON-PAY VOTES |          37268 |                0 | FOR         |                                    37268 | FOR                         |  |
| Dana Incorporated                            | 235825205 | 04/24/2025     | Approval of a non-binding advisory proposal approving executive compensation.                                                                           | SECTION 14A SAY-ON-PAY VOTES |         433521 |                0 | FOR         |                                   433521 | FOR                         |  |
| Darling Ingredients Inc.                     | 237266101 | 05/07/2025     | Advisory vote to approve, on an advisory basis, executive compensation.                                                                                 | SECTION 14A SAY-ON-PAY VOTES |          35163 |                0 | FOR         |                                    35163 | FOR                         |  |
| Dow Inc.                                     | 260557103 | 04/10/2025     | Advisory Resolution to Approve Executive Compensation                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |          52002 |                0 | FOR         |                                    52002 | FOR                         |  |
| DT Midstream, Inc.                           | 23345M107 | 05/06/2025     | To approve, on an advisory (non-binding) basis, the compensation of the Company's Named Executive Officers;                                             | SECTION 14A SAY-ON-PAY VOTES |         117908 |            24919 | FOR         |                                   117908 | FOR                         |  |
| Entergy Corporation                          | 29364G103 | 05/02/2025     | Advisory Vote to Approve Named Executive Officer Compensation.                                                                                          | SECTION 14A SAY-ON-PAY VOTES |         177354 |             7880 | FOR         |                                   177354 | FOR                         |  |
| Evergy, Inc.                                 | 30034W106 | 05/06/2025     | Approve the 2024 compensation of our named executive officers on an advisory non-binding basis.                                                         | SECTION 14A SAY-ON-PAY VOTES |         234240 |                0 | FOR         |                                   234240 | FOR                         |  |
| Evergy, Inc.                                 | 30034W106 | 05/06/2025     | To recommend, on a non-binding advisory basis, the frequency of the advisory vote on executive compensation.                                            | SECTION 14A SAY-ON-PAY VOTES |         234240 |                0 | ONE YEAR    |                                   234240 | FOR                         |  |
| Ford Motor Company                           | 345370860 | 05/08/2025     | An Advisory Vote to Approve the Compensation of the Named Executives.                                                                                   | SECTION 14A SAY-ON-PAY VOTES |           1671 |                0 | FOR         |                                     1671 | FOR                         |  |
| Freeport-McMoRan Inc.                        | 35671D857 | 06/11/2025     | Approval, on an advisory basis, of the compensation of our named executive officers.                                                                    | SECTION 14A SAY-ON-PAY VOTES |        1238682 |                0 | FOR         |                                  1238682 | FOR                         |  |
| FTAI Aviation Ltd.                           | G3730V105 | 05/29/2025     | Approval, on a non-binding advisory basis, the compensation of our named executive officers.                                                            | SECTION 14A SAY-ON-PAY VOTES |           1020 |                0 | FOR         |                                     1020 | FOR                         |  |
| FTAI Aviation Ltd.                           | G3730V105 | 05/29/2025     | Approval, on a non-binding advisory basis, the frequency of future advisory votes to approve the compensation of our named executive officers.          | SECTION 14A SAY-ON-PAY VOTES |           1020 |                0 | ONE YEAR    |                                     1020 | FOR                         |  |
| GE Vernova, Inc.                             | 36828A101 | 05/14/2025     | Approve the compensation of our named executives officers in an advisory vote                                                                           | SECTION 14A SAY-ON-PAY VOTES |          28852 |                0 | FOR         |                                    28852 | FOR                         |  |
| GE Vernova, Inc.                             | 36828A101 | 05/14/2025     | Approve the frequency of future advisory votes on named executive officers compensation in an advisory vote                                             | SECTION 14A SAY-ON-PAY VOTES |          28852 |                0 | ONE YEAR    |                                    28852 | FOR                         |  |
| General Motors Company                       | 37045V100 | 06/03/2025     | Advisory Approval of Named Executive Officer Compensation                                                                                               | SECTION 14A SAY-ON-PAY VOTES |          98424 |                0 | FOR         |                                    98424 | FOR                         |  |
| Hallador Energy Company                      | 40609P105 | 05/29/2025     | Approve, on an Advisory Basis, the Named Executive Officers' Compensation.                                                                              | SECTION 14A SAY-ON-PAY VOTES |          98274 |                0 | FOR         |                                    98274 | FOR                         |  |
| MasTec, Inc.                                 | 576323109 | 05/22/2025     | Approval of a non-binding advisory resolution regarding the compensation of our named executive officers.                                               | SECTION 14A SAY-ON-PAY VOTES |         168455 |             3774 | FOR         |                                   168455 | FOR                         |  |
| O-I Glass, Inc.                              | 67098H104 | 05/14/2025     | To approve, by advisory vote, the Company's named executive officer compensation.                                                                       | SECTION 14A SAY-ON-PAY VOTES |         494240 |             8743 | AGAINST     |                                   494240 | AGAINST                     |  |
| Oshkosh Corporation                          | 688239201 | 05/06/2025     | Approval, by advisory vote, of the compensation of the Company's named executive officers.                                                              | SECTION 14A SAY-ON-PAY VOTES |          28934 |                0 | FOR         |                                    28934 | FOR                         |  |
| PG Corporation                               | 69331C108 | 05/22/2025     | Advisory Vote to Approve Executive Compensation.                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |         947855 |            40456 | FOR         |                                   947855 | FOR                         |  |
| Portland General Electric Company            | 736508847 | 04/18/2025     | To approve, by a non- binding vote, the compensation of the Company's named executive officers.                                                         | SECTION 14A SAY-ON-PAY VOTES |          95625 |                0 | FOR         |                                    95625 | FOR                         |  |
| Public Service Enterprise Group Incorporated | 744573106 | 04/22/2025     | Advisory Vote on the Approval of Executive Compensation.                                                                                                | SECTION 14A SAY-ON-PAY VOTES |         168578 |                0 | FOR         |                                   168578 | FOR                         |  |
| Sempra                                       | 816851109 | 05/13/2025     | Advisory approval of our executive compensation                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |          66869 |                0 | FOR         |                                    66869 | FOR                         |  |
| Smurfit WestRock Plc                         | G8267P108 | 05/02/2025     | Approve, in a non-binding, advisory vote, the compensation of the Company's named executive officers.                                                   | SECTION 14A SAY-ON-PAY VOTES |         115610 |                0 | FOR         |                                   115610 | FOR                         |  |
| Smurfit WestRock Plc                         | G8267P108 | 05/02/2025     | Approve, in a non-binding, advisory vote, the frequency of future non-binding, advisory votes to approve named executive officer compensation.          | SECTION 14A SAY-ON-PAY VOTES |         115610 |                0 | ONE YEAR    |                                   115610 | FOR                         |  |
| StandardAero, Inc.                           | 85423L103 | 06/12/2025     | Approval, on an advisory (non binding) basis, of the frequency of future advisory votes on the compensation of the Company's named executive officers.  | SECTION 14A SAY-ON-PAY VOTES |          54925 |                0 | ONE YEAR    |                                    54925 | FOR                         |  |
| StandardAero, Inc.                           | 85423L103 | 06/12/2025     | Approval, on an advisory (non binding) basis, of the compensation of the Company's named executive officers.                                            | SECTION 14A SAY-ON-PAY VOTES |          54925 |                0 | FOR         |                                    54925 | FOR                         |  |
| Targa Resources Corp.                        | 87612G101 | 05/20/2025     | To approve, on an advisory basis, the compensation of the Company's named executive officers for the fiscal year ended December 31, 2024.               | SECTION 14A SAY-ON-PAY VOTES |          25379 |                0 | FOR         |                                    25379 | FOR                         |  |
| The Chemours Company                         | 163851108 | 04/22/2025     | Advisory Vote to Approve Named Executive Officer Compensation.                                                                                          | SECTION 14A SAY-ON-PAY VOTES |         328469 |                0 | FOR         |                                   328469 | FOR                         |  |
| The Williams Companies, Inc.                 | 969457100 | 04/29/2025     | Approve, on an Advisory Basis, the Compensation of our Named Executive Officers.                                                                        | SECTION 14A SAY-ON-PAY VOTES |         192096 |                0 | FOR         |                                   192096 | FOR                         |  |
| United Rentals, Inc.                         | 911363109 | 05/08/2025     | Advisory Approval of Executive Compensation                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |          27203 |                0 | FOR         |                                    27203 | FOR                         |  |
| Visteon Corporation                          | 92839U206 | 06/05/2025     | Provide advisory approval of the Company's executive compensation.                                                                                      | SECTION 14A SAY-ON-PAY VOTES |          59981 |                0 | FOR         |                                    59981 | FOR                         |  |
| WEC Energy Group, Inc.                       | 92939U106 | 05/08/2025     | Advisory vote to approve executive compensation of the named executive officers                                                                         | SECTION 14A SAY-ON-PAY VOTES |         382462 |                0 | FOR         |                                   382462 | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** Covalis Capital LLP

**By (Signature):** Katrina West

**By (Printed Signature):** Katrina West

**By (Title):** Chief Compliance Officer

**Date:** 08/29/2025