Q4 2025 · 13F-HR
Covalis (Gibraltar) Ltdholdings as filed
Filed 2026-02-17 · accession 0001172661-26-000951
$125.5M
Reported value
5
Positions
2025-12-31
Period end
The Brief · Covalis (Gibraltar) Ltd · Q4 2025
AI · grounded in 13F
Covalis (Gibraltar) Ltd initiated a new position in CORZ valued at $60.89M. The fund also established new holdings in GLXY for $23.92M and WULF for $10.8M. Additionally, the fund increased its stake in PCG by 47.12%. These moves coincided with the complete exit of positions in ALB, EIX, and ETN.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 21874A106 | CORZ | CORE SCIENTIFIC INC NEW | $30.6M | 24.4% | 2,101,700 | CALL | SOLE |
| 21874A106 | CORZ | CORE SCIENTIFIC INC NEW | $30.3M | 24.1% | 2,080,550 | Common | SOLE |
| 69331C108 | PCG | PG&E CORP | $29.9M | 23.8% | 1,859,039 | Common | SOLE |
| 36317J209 | GLXY | GALAXY DIGITAL INC. | $23.9M | 19.1% | 1,069,900 | PUT | SOLE |
| 88080T104 | WULF | TERAWULF INC | $10.8M | 8.61% | 939,911 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.