Institutional
Covalis (Gibraltar) Ltd
CIK 0001876826
$22.5M
Reported AUM
2
Positions
Q1 2026
Period
2026-05-15
Filed
The Brief · Covalis (Gibraltar) Ltd · Q1 2026
AI · grounded in 13F
Covalis (Gibraltar) Ltd closed its position in PG&E CORP PCG, reducing exposure by $29.87M. The fund also exited positions in GALAXY DIGITAL INC. GLXY and TERAWULF INC WULF, which represented reductions of $23.92M and $10.8M respectively. To offset these sells, the fund established a new position in APPLIED DIGITAL CORP APLD worth $3.35M and trimmed its holding in CORE SCIENTIFIC INC NEW CORZ by 69.33%.
Portfolio · Q1 2026
Top holdings
QoQ vs Q4 2025
| # | Stock | Issuer | Price | Day % | 1Y Gr. | 5Y Gr. | Value | % of book | Δ shares (QoQ) | Status |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | CORZ | CORE SCIENTIFIC INC NEW | $25.85 | -7.38% | 112.06% | 587.50% | $19.2M | 85.14% | −2,899,651 | −69.3% |
| 2 | APLD | APPLIED DIGITAL CORP | $39.62 | -10.26% | 185.86% | 720.29% | $3.3M | 14.86% | +141,088 | NEW |
| 3 | PCG | PG&E CORP | $17.11 | 1.72% | 10.44% | 97.47% | — | — | −1,859,039 | EXITED |
| 4 | GLXY | GALAXY DIGITAL INC. | $25.14 | -11.51% | 25.83% | 14.79% | — | — | −1,069,900 | EXITED |
| 5 | WULF | TERAWULF INC | $24.00 | -8.36% | 451.72% | 29.32% | — | — | −939,911 | EXITED |
Source: SEC EDGAR · accession 0001172661-26-002324. 13F discloses long positions only — shorts, foreign equities, and options are excluded.