Arosa Capital Management LP

MIAMI BEACH, FL · CIK 1596053 · 13F filing filed 2023-08-14

SEC-registered investment adviser since 2014 · limited partnership

Assets managed$856.6m
Staff12 · 6 in investment roles
Main clients (by assets)Private funds 100%
Private funds5 (2 hedge) · $993.1m gross assets
Websitearosacapital.com
Form ADV · 2026-03-30SEC adviser record

Legal entityAROSA CAPITAL MANAGEMENT LP (US)

Kindhedge funds, private equity, venture, futures
Others nearbyMiami Beach, FL, New York, NY

As an employer

Offices in1 country
Private fundshedge 2, private equity 2, venture capital 1

Where they work

people there (dot area)number not reportedmain officeHover or tap a dot. Australian and UK companies are placed at their business or registered address, with their staff across the whole country.

Offices

From Form ADV: the main office and the other offices where it does advisory work (at most the 25 largest), with the people doing investment work at each. “About” is worked out: the firm's investment staff less its other offices. Each city links to the other managers there.

City	Country	People
Miami Beach, FL (main office)United States	United States	about 2
New York, NYUnited States	United States	4

Map: places from GeoNames (CC BY 4.0), outlines from Natural Earth.

$371.6m reported value +13.2% vs Q1 2023

43positions

52.3%in top 10

15 new 16 added 11 reduced 18 sold out vs Q1 2023

Options: 1 call positions ($10.1m notional), 1 put positions ($13.3m notional) – listed below, not included above.

Holdings, Q2 2023

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	COOL CO LTD COMMON SHARES CLCO	CLCO	200,000	$28.9m7.78%	7.78%	New
2	MASTEC INC COM MTZ	MTZ	225,292	$26.6m7.15%	7.15%	Added +26.1k	+26,100 13.1%
3	SOLAREDGE TECHNOLOGIES INC COM SEDG	SEDG	85,190	$22.9m6.17%	6.17%	Added +12.5k	+12,500 17.2%
4	FIRST SOLAR INC COM FSLR	FSLR	112,800	$21.4m5.77%	5.77%	Added +50.6k	+50,600 81.3%
5	NEXTRACKER INC CLASS A COM NXT	NXT	517,530	$20.6m5.54%	5.54%	Added +126.7k	+126,741 32.4%
6	CLEAN ENERGY FUELS CORP COM CLNE	CLNE	4,049,865	$20.1m5.41%	5.41%	Added +984.1k	+984,100 32.1%
7	NVENT ELECTRIC PLC SHS NVT	NVT	302,600	$15.6m4.21%	4.21%	Added +164.4k	+164,362 118.9%
8	ARRAY TECHNOLOGIES INC COM SHS ARRY	ARRY	640,000	$14.5m3.89%	3.89%	Added +67.0k	+67,000 11.7%
9	ATKORE INC COM ATKR	ATKR	78,860	$12.3m3.31%	3.31%	Reduced -7.7k	-7,700 -8.9%
10	EXXON MOBIL CORP COM XOM	XOM	107,300	$11.5m3.10%	3.10%	Reduced -1.6k	-1,640 -1.5%
11	ENVIVA INC COM EVA	EVA	1,050,000	$11.4m3.07%	3.07%	New
12	BAKER HUGHES COMPANY CL A BKR	BKR	350,000	$11.1m2.98%	2.98%	New
13	OCCIDENTAL PETE CORP COM OXY	OXY	179,500	$10.6m2.84%	2.84%	New
14	BELDEN INC COM BDC	BDC	110,300	$10.6m2.84%	2.84%	New
15	AMERESCO INC CL A AMRC	AMRC	216,000	$10.5m2.83%	2.83%	Added +72.5k	+72,500 50.5%
16	ATLANTICA SUSTAINABLE INFR P SHS ABY	ABY	436,200	$10.2m2.75%	2.75%	Added +156.2k	+156,200 55.8%
17	DAQO NEW ENERGY CORP SPNSRD ADS NEW DQ	DQ	255,000	$10.1m2.72%	2.72%	New
18	SUNRUN INC NOTE 2/0 RUN 0 02.01.26	RUN 0 02.01.26	13,000,000	$9.4m2.54%	2.54%	Added +5.0m	+5,000,000 62.5%
19	VERMILION ENERGY INC COM VET	VET	681,090	$8.5m2.28%	2.28%	Added +292.6k	+292,600 75.3%
20	ITRON INC COM ITRI	ITRI	104,560	$7.5m2.03%	2.03%	Added +5.9k	+5,860 5.9%
21	NEXTERA ENERGY PARTNERS LP COM UNIT PART IN XIFR	XIFR	107,200	$6.3m1.69%	1.69%	Reduced -20.2k	-20,200 -15.9%
22	GROUP 1 AUTOMOTIVE INC COM GPI	GPI	23,000	$5.9m1.60%	1.60%	Added +13.0k	+13,000 130.0%
23	CLEARWAY ENERGY INC CL C CWEN	CWEN	203,273	$5.8m1.56%	1.56%	Added +38.7k	+38,700 23.5%
24	NXP SEMICONDUCTORS N V COM NXPI	NXPI	28,000	$5.7m1.54%	1.54%	Reduced -9.0k	-9,000 -24.3%
25	HESS CORP COM HES	HES	36,900	$5.0m1.35%	1.35%	Reduced -52.8k	-52,800 -58.9%
26	PERMIAN RESOURCES CORP CLASS A COM PR	PR	452,000	$5.0m1.33%	1.33%	New
27	ENLIGHT RENEWABLE ENERGY LTD SHS ENLT	ENLT	243,100	$4.3m1.16%	1.16%	Added +45.8k	+45,800 23.2%
28	EMERSON ELEC CO COM EMR	EMR	47,000	$4.2m1.14%	1.14%	New
29	COTERRA ENERGY INC COM CTRA	CTRA	150,000	$3.8m1.02%	1.02%	New
30	UNITED RENTALS INC COM URI	URI	8,000	$3.6m0.96%	0.96%	New
31	PENSKE AUTOMOTIVE GRP INC COM PAG	PAG	21,000	$3.5m0.94%	0.94%	New
32	BLOOM ENERGY CORP COM CL A BE	BE	200,000	$3.3m0.88%	0.88%	New
33	ALTUS POWER INC COM CL A AMPS	AMPS	571,700	$3.1m0.83%	0.83%	Added +227.0k	+227,000 65.8%
34	MAXEON SOLAR TECHNOLOGIES LT SHS MAXNQ	MAXNQ	103,270	$2.9m0.78%	0.78%	Reduced -651.7k	-651,691 -86.3%
35	SOUTHWESTERN ENERGY CO COM SWN	SWN	451,800	$2.7m0.73%	0.73%	New
36	FREYR BATTERY SHS FREY	FREY	288,236	$2.7m0.73%	0.73%	Reduced -66.7k	-66,700 -18.8%
37	RANGE RES CORP COM RRC	RRC	77,000	$2.3m0.61%	0.61%	Reduced -127.2k	-127,200 -62.3%
38	SHOALS TECHNOLOGIES GROUP IN CL A SHLS	SHLS	76,000	$1.9m0.52%	0.52%	Reduced -812.7k	-812,666 -91.5%
39	TPI COMPOSITES INC COM TPICQ	TPICQ	145,300	$1.5m0.41%	0.41%	Reduced -545.4k	-545,431 -79.0%
40	NET POWER INC *W EXP 06/08/202 NPWR.WS	NPWR.WS	106,249	$1.4m0.37%	0.37%	New
41	SONIC AUTOMOTIVE INC CL A SAH	SAH	25,100	$1.2m0.32%	0.32%	New
42	SUNPOWER CORP COM SPWRQ	SPWRQ	83,411	$817.4k0.22%	0.22%	Reduced -19.5k	-19,489 -18.9%
43	SUSTAINABLE DEVELP ACQU I CO W EXP 02/04/202 W EXP 02/04/202		35,949	$371.0k0.10%	0.10%	Unchanged

Sold out since Q1 2023

Security	Ticker	Shares held before	Value then
MARATHON OIL CORP MRO	MRO	474,900	$11.4m474.9k shares
FLEX LTD FLEX	FLEX	469,934	$10.8m469.9k shares
HA SUSTAINABLE INFRA CAP INC HASI	HASI	268,500	$7.7m268.5k shares
NATIONAL INSTRS CORP		106,800	$5.6m106.8k shares
CANADIAN NAT RES LTD CNQ	CNQ	83,000	$4.6m83.0k shares
EQUINOR ASA EQNR	EQNR	140,200	$4.0m140.2k shares
EATON CORP PLC ETN	ETN	22,000	$3.8m22.0k shares
ROCKWELL AUTOMATION INC ROK	ROK	11,440	$3.4m11.4k shares
DEERE & CO DE	DE	8,000	$3.3m8.0k shares
EXPAND ENERGY CORPORATION EXE	EXE	41,960	$3.2m42.0k shares
CHENIERE ENERGY INC LNG	LNG	20,000	$3.2m20.0k shares
BORGWARNER INC BWA	BWA	63,000	$3.1m63.0k shares
AGCO CORP AGCO	AGCO	21,400	$2.9m21.4k shares
CONOCOPHILLIPS COP	COP	25,350	$2.5m25.4k shares
CENOVUS ENERGY INC CVE	CVE	108,400	$1.9m108.4k shares
STEM INC		259,166	$1.5m259.2k shares
RICE ACQUISITION CORP II		106,249	$1.1m106.2k shares
MICROVAST HOLDINGS INC MVST	MVST	326,700	$405.1k326.7k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
SPDR S&P 500 ETF TR SPY · Put	SPY	Put	30,000	$13.3m30.0k shares	Reduced
SELECT SECTOR SPDR TR XLE · Call	XLE	Call	125,000	$10.1m125.0k shares	Added