Arosa Capital Management LP

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Arosa Capital Management LP reported 31 stock positions worth $150.2 million. Its top holding was GE Vernova (GEV) at 10.1% of the portfolio, followed by Cameco (CCJ, 9.4%) and Primoris Services (PRIM, 7.3%). Compared with Q3 2024, it opened 16 new positions, sold out of 12, added to 6 and reduced 8. The biggest buy was a new position in Cameco (CCJ) and the biggest sale an exit from Nextpower (NXT).

Most Recent 13F
Q2 2026
Location
MIAMI BEACH, FL
CIK
0001596053
Portfolio Value
$150.2M (Q4 2024)
SEC Filing
0001596053-25-000003 ↗ filed Feb 14, 2025

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $147.1M Q1 2024 Q2 2024: $128.2M Q2 2024 Q3 2024: $141.0M Q3 2024 Q4 2024: $150.2M $150.2M Q4 2024 Q1 2025: $150.7M Q1 2025 Q2 2025: $135.9M Q2 2025 Q3 2025: $61.6M Q3 2025 Q4 2025: $155.2M Q4 2025 Q1 2026: $152.1M Q1 2026 Q2 2026: $113.4M Q2 2026

Holdings 31 stocks · $150.2M
GEV GE Vernova Inc. 10.08% 46,000 $15.1M Reduce -41.9%
CCJ Cameco Corp. 9.45% 276,000 $14.2M New
PRIM Primoris Services Corp. 7.31% 143,600 $11.0M Add +0.7%
ETN Eaton Corp. PLC 7.07% 32,000 $10.6M New
FSLR First Solar Inc. 5.81% 49,500 $8.7M Add +28.9%
MIR Mirion Technologies Inc. 5.73% 493,000 $8.6M New
OKLO Oklo Inc. 4.95% 350,000 $7.4M Reduce -41.7%
AMTM Amentum Holdings Inc. 4.90% 350,000 $7.4M New
CWEN Clearway Energy Inc. Class C 4.68% 270,300 $7.0M Reduce -12.2%
SHLS Shoals Technologies Group -A 4.13% 1,121,616 $6.2M Add +31.9%
NPWR Net Power Inc. 4.12% 583,837 $6.2M Add +209.1%
ENS Enersys 3.93% 63,900 $5.9M Reduce -28.1%
NXE Nexgen Energy Ltd. 2.86% 650,000 $4.3M New
HASI Ha Sustainable Infrastructur 2.68% 150,000 $4.0M New
RACE Ferrari NV 2.55% 9,000 $3.8M Add +36.4%
TTEK Tetra Tech Inc. 1.99% 75,000 $3.0M New
DQ Daqo New Energy Corp.-ADR 1.94% 150,000 $2.9M New
BKR Baker Hughes Co. 1.91% 70,000 $2.9M New
LEU Centrus Energy Corp. Class A 1.66% 37,500 $2.5M New
FLNC Fluence Energy Inc. 1.59% 150,000 $2.4M New
VNOM Viper Energy Inc. 1.57% 48,000 $2.4M No change
PR Permian Resources Corp. Class A 1.23% 128,000 $1.8M Reduce -11.1%
TRGP Targa Resources Corp. 1.21% 10,200 $1.8M New
GPI Group 1 Automotive Inc. 1.01% 3,600 $1.5M Add +38.5%
NXPI NXP Semiconductors NV 1.00% 7,200 $1.5M Reduce -28.0%
DNN Denison Mines Corp. 0.96% 800,000 $1.4M New
WCN Waste Connections Inc. 0.91% 8,000 $1.4M New
EXE Expand Energy Corp. 0.80% 12,000 $1.2M New
EQT Eqt Corp. 0.74% 24,000 $1.1M New
AN Autonation Inc. 0.68% 6,000 $1.0M Reduce -33.3%
CNQ Canadian Natural Resources 0.58% 28,000 $864K Reduce -50.0%

Options reported separately and not counted above: FSLR calls ($21.1M), CCJ calls ($20.6M), ICLN puts ($14.8M), ETN puts ($9.1M), OKLO calls ($8.0M), XOP calls ($7.4M), OIH calls ($6.8M), URA puts ($4.7M), NXE calls ($4.6M).

Other holdings (2): bonds, preferreds, convertibles and warrants · $2.0M (not counted above)
SecurityClassShares / PrincipalValueChange
RIVIAN AUTO INC (RIVN 4.625 03/15/29) NOTE 4.625% 3/1 · principal 1,500,000$1.6MReduce -25.0%
NPWR.WS Rice Acquisition Corp. II-CW *W EXP 06/08/202 106,249$382KNo change

Total filed on the 13F, all lines: $152.1M.

Portfolio Sells Q3 2024 → Q4 2024
NXT Nextpower Inc. Sold out 0.00% −7.17
CLNE Clean Energy Fuels Corp. Sold out 0.00% −6.79
PWR Quanta Services Inc. Sold out 0.00% −6.45
AMRC Ameresco Inc. Class A Sold out 0.00% −4.25
GEV GE Vernova Inc. Reduce -41.9% 10.08% −4.22
ATKR Atkore Inc. Sold out 0.00% −3.60
RUN Sunrun Inc. Sold out 0.00% −3.25
ENPH Enphase Energy Inc. Sold out 0.00% −2.80
ENS Enersys Reduce -28.1% 3.93% −2.50
NVT Nvent Electric PLC Sold out 0.00% −2.33
CWEN Clearway Energy Inc. Class C Reduce -12.2% 4.68% −2.01
FCX Freeport-McMoran Inc. Sold out 0.00% −1.77
APTV Aptiv Irish Holdings Ltd. Sold out 0.00% −1.74
VRT Vertiv Holdings Co. Class A Sold out 0.00% −1.41
CNQ Canadian Natural Resources Reduce -50.0% 0.58% −0.74
NXPI NXP Semiconductors NV Reduce -28.0% 1.00% −0.71
SLB SLB Ltd. Sold out 0.00% −0.59
AN Autonation Inc. Reduce -33.3% 0.68% −0.46
PR Permian Resources Corp. Class A Reduce -11.1% 1.23% −0.16
OKLO Oklo Inc. Reduce -41.7% 4.95% +1.51

Portfolio Buys Q3 2024 → Q4 2024
CCJ Cameco Corp. New 9.45% +9.45
ETN Eaton Corp. PLC New 7.07% +7.07
MIR Mirion Technologies Inc. New 5.73% +5.73
AMTM Amentum Holdings Inc. New 4.90% +4.90
NPWR Net Power Inc. Add +209.1% 4.12% +3.18
NXE Nexgen Energy Ltd. New 2.86% +2.86
HASI Ha Sustainable Infrastructur New 2.68% +2.68
TTEK Tetra Tech Inc. New 1.99% +1.99
DQ Daqo New Energy Corp.-ADR New 1.94% +1.94
BKR Baker Hughes Co. New 1.91% +1.91
LEU Centrus Energy Corp. Class A New 1.66% +1.66
FLNC Fluence Energy Inc. New 1.59% +1.59
PRIM Primoris Services Corp. Add +0.7% 7.31% +1.43
TRGP Targa Resources Corp. New 1.21% +1.21
DNN Denison Mines Corp. New 0.96% +0.96
WCN Waste Connections Inc. New 0.91% +0.91
EXE Expand Energy Corp. New 0.80% +0.80
SHLS Shoals Technologies Group -A Add +31.9% 4.13% +0.75
EQT Eqt Corp. New 0.74% +0.74
RACE Ferrari NV Add +36.4% 2.55% +0.35
GPI Group 1 Automotive Inc. Add +38.5% 1.01% +0.30
FSLR First Solar Inc. Add +28.9% 5.81% −0.98

Options Activity Q3 2024 → Q4 2024
TAN Invesco Solar ETF call Sold out 900,000 $38.8Mbefore exit
FSLR First Solar Inc. call New 120,000 $21.1M
CCJ Cameco Corp. call New 400,000 $20.6M
OIH Vaneck Oil Services ETF put Sold out 60,000 $17.0Mbefore exit
ICLN iShares Global Clean Energy put Add +85.7% 1,300,000 $14.8M
ICLN iShares Global Clean Energy call Sold out 1,000,000 $14.7Mbefore exit
TAN Invesco Solar ETF put Sold out 300,000 $12.9Mbefore exit
ETN Eaton Corp. PLC put New 27,500 $9.1M
OKLO Oklo Inc. call Add +87.5% 375,000 $8.0M
XOP SS SPDR S&P Og Exp & Prod call New 56,000 $7.4M
OIH Vaneck Oil Services ETF call Reduce -58.3% 25,000 $6.8M
URA Global X Uranium ETF put New 175,000 $4.7M
NXE Nexgen Energy Ltd. call New 700,000 $4.6M
SHLS Shoals Technologies Group -A call Sold out 500,000 $2.8Mbefore exit

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

Notes & Other Activity Q3 2024 → Q4 2024
RIVIAN AUTO INC (RIVN 4.625 03/15/29) NOTE 4.625% 3/1 · principal Reduce -25.0% 1,500,000 $1.6M

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 19$113.4MVICR, MPWR, POWI, Q, WMB
Q1 2026 46$152.1MVICR, ECG, BW, CCJ, NXT
Q4 2025 52$155.2MVICR, ORA, BE, WMB, ETN
Q3 2025 41$61.6MNXPI, CEG, RACE, CCJ, BWXT
Q2 2025 37$135.9MCCJ, CTRI, IMSR, ECG, AMTM
Q1 2025 33$150.7MGEV, CCJ, MIR, MTZ, FSLR
Q4 2024 31$150.2MGEV, CCJ, PRIM, ETN, FSLR
Q3 2024 27$141.0MGEV, NXT, CLNE, FSLR, CWEN
Q2 2024Amended 28$128.2MGEV, ENS, CLNE, PWR, CWEN
Q1 2024 31$147.1MNVT, SHLS, CLNE, PWR, PRIM