Covalis (Gibraltar) Ltd

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Covalis (Gibraltar) Ltd reported 4 stock positions worth $30.9 million. Its top holding was P G & E (PCG) at 61.7% of the portfolio, followed by Albemarle (ALB, 21.8%) and Edison International (EIX, 12.5%). Compared with Q2 2025, it opened 3 new positions, sold out of 1 and reduced 1. The biggest buy was a new position in Albemarle (ALB) and the biggest sale P G & E (PCG, shares −26%).

Most Recent 13F
Q2 2026
Location
MIDTOWN, J1
CIK
0001876826
Portfolio Value
$30.9M (Q3 2025)
SEC Filing
0001172661-25-004933 ↗ filed Nov 14, 2025

Holdings Value

0$20.0M$40.0M$60.0M$80.0M Q1 2024: $10.1M Q1 2024 Q2 2024: $35.0M Q2 2024 Q3 2024: $0 Q3 2024 Q4 2024: $0 Q4 2024 Q1 2025: $0 Q1 2025 Q2 2025: $25.1M Q2 2025 Q3 2025: $30.9M $30.9M Q3 2025 Q4 2025: $71.0M Q4 2025 Q1 2026: $22.5M Q1 2026 Q2 2026: $27.1M Q2 2026

Holdings 4 stocks · $30.9M
PCG P G & E Corp. 61.70% 1,263,660 $19.1M Reduce -25.9%
ALB Albemarle Corp. 21.80% 83,042 $6.7M New
EIX Edison International 12.45% 69,578 $3.8M New
ETN Eaton Corp. PLC 4.05% 3,343 $1.3M New

Portfolio Sells Q2 2025 → Q3 2025
PCG P G & E Corp. Reduce -25.9% 61.70% −33.06
BE Bloom Energy Corp. Class A Sold out 0.00% −5.24

Portfolio Buys Q2 2025 → Q3 2025
ALB Albemarle Corp. New 21.80% +21.80
EIX Edison International New 12.45% +12.45
ETN Eaton Corp. PLC New 4.05% +4.05

Options Activity Q2 2025 → Q3 2025
PCG P G & E Corp. call Sold out 728,800 $10.2Mbefore exit

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 2$27.1MPCG, CORZ
Q1 2026 2$22.5MCORZ, APLD
Q4 2025 3$71.0MCORZ, PCG, WULF
Q3 2025 4$30.9MPCG, ALB, EIX, ETN
Q2 2025 2$25.1MPCG, BE
Q1 2025 0$0
Q4 2024 0$0
Q3 2024 0$0
Q2 2024 1$35.0MNGG
Q1 2024 2$10.1MBE, XIFR