Covalis (Gibraltar) Ltd Quant / Systematic

CIK: 0001876826 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $125,491 (100.0% shares, 0.0% debt)

Holdings (5)

New Positions (4)

CORZ CORE SCIENTIFIC INC NEW 24.4%

Value ($000) $30,601 Shares 2,101,700 Est. Cost $17.44 Unrealized 0.0%

CORZ CORE SCIENTIFIC INC NEW 24.1%

Value ($000) $30,293 Shares 2,080,550 Est. Cost $17.44 Unrealized 0.0%

GLXY GALAXY DIGITAL INC. 19.1%

Value ($000) $23,923 Shares 1,069,900 Est. Cost — Unrealized —

WULF TERAWULF INC 8.6%

Value ($000) $10,800 Shares 939,911 Est. Cost $13.40 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CORZ	CORE SCIENTIFIC INC NEW	2,101,700	$30,601	24.4%	$17.44	0.0%	CALL	21874A106
CORZ	CORE SCIENTIFIC INC NEW	2,080,550	$30,293	24.1%	$17.44	0.0%	COM	21874A106
GLXY	GALAXY DIGITAL INC.	1,069,900	$23,923	19.1%	—	—	PUT	36317J209
WULF	TERAWULF INC	939,911	$10,800	8.6%	$13.40	0.0%	COM	88080T104

Increased Positions (1)

PCG PG&E CORP 23.8%

Value ($000) $29,875 (+56.8%) Shares 1,859,039 (+47.1%) Est. Cost $16.08 Unrealized -1.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PCG	PG&E CORP	1,859,039 (+47.1%)	$29,875 (+56.8%)	23.8%	$16.08	-1.0%	COM	69331C108

Exited Positions (3)

ALB ALBEMARLE CORP 5.4%

Value ($000) $6,733 Shares 83,042 Est. Cost $76.57 Unrealized +47.9%

EIX EDISON INTL 3.1%

Value ($000) $3,846 Shares 69,578 Est. Cost $53.10 Unrealized +8.0%

ETN EATON CORP PLC 1.0%

Value ($000) $1,251 Shares 3,343 Est. Cost $363.27 Unrealized -2.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ALB	ALBEMARLE CORP	83,042	$6,733	5.4%	$76.57	+47.9%	—	012653101
EIX	EDISON INTL	69,578	$3,846	3.1%	$53.10	+8.0%	—	281020107
ETN	EATON CORP PLC	3,343	$1,251	1.0%	$363.27	-2.4%	—	G29183103