Covalis (Gibraltar) Ltd
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Covalis (Gibraltar) Ltd reported 3 stock positions worth $71.0 million. Its top holding was Core Scientific (CORZ) at 42.7% of the portfolio, followed by P G & E (PCG, 42.1%) and Terawulf (WULF, 15.2%). Compared with Q3 2025, it opened 2 new positions, sold out of 3 and added to 1. The biggest buy was a new position in Core Scientific (CORZ) and the biggest sale an exit from Albemarle (ALB).
- Most Recent 13F
- Q2 2026
- Location
- MIDTOWN, J1
- CIK
- 0001876826
- Portfolio Value
- $71.0M (Q4 2025)
- SEC Filing
- 0001172661-26-000951 ↗ filed Feb 17, 2026
Holdings Value
Holdings 3 stocks · $71.0M
| CORZ Core Scientific Inc. | 42.69% | 2,080,550 | $30.3M | New |
| PCG P G & E Corp. | 42.10% | 1,859,039 | $29.9M | Add +47.1% |
| WULF Terawulf Inc. | 15.22% | 939,911 | $10.8M | New |
Options reported separately and not counted above: CORZ calls ($30.6M), GLXY puts ($23.9M).
Portfolio Sells Q3 2025 → Q4 2025
Portfolio Buys Q3 2025 → Q4 2025
Options Activity Q3 2025 → Q4 2025
| CORZ Core Scientific Inc. | call | New | 2,101,700 | $30.6M |
| GLXY Galaxy Digital Inc. Class A | put | New | 1,069,900 | $23.9M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.