Arosa Capital Management LP

MIAMI BEACH, FL · CIK 1596053 · 13F filing filed 2024-08-14

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.

$129.3m reported value -12.8% vs Q1 2024

29positions

62.5%in top 10

8 new 9 added 10 reduced 11 sold out vs Q1 2024

Options: 3 call positions ($19.9m notional), 1 put positions ($28.1m notional) – listed below, not included above.

Holdings, Q2 2024

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	GE VERNOVA INC COM GEV	GEV	95,400	$16.4m12.66%	12.66%	New
2	ENERSYS COM ENS	ENS	88,900	$9.2m7.12%	7.12%	Added +23.9k	+23,900 36.8%
3	CLEAN ENERGY FUELS CORP COM CLNE	CLNE	3,211,189	$8.6m6.63%	6.63%	Unchanged
4	QUANTA SVCS INC COM PWR	PWR	30,500	$7.7m6.00%	6.00%	Reduced -1.4k	-1,400 -4.4%
5	CLEARWAY ENERGY INC CL C CWEN	CWEN	307,673	$7.6m5.88%	5.88%	Added +88.0k	+88,000 40.1%
6	PRIMORIS SVCS CORP COM PRIM	PRIM	142,600	$7.1m5.50%	5.50%	Reduced -21.9k	-21,900 -13.3%
7	AMERESCO INC CL A AMRC	AMRC	222,886	$6.4m4.97%	4.97%	Added +81.5k	+81,521 57.7%
8	MYR GROUP INC DEL COM MYRG	MYRG	47,100	$6.4m4.94%	4.94%	Added +12.1k	+12,100 34.6%
9	NEXTRACKER INC CLASS A COM NXT	NXT	129,800	$6.1m4.71%	4.71%	Added +64.8k	+64,799 99.7%
10	SHOALS TECHNOLOGIES GROUP IN CL A SHLS	SHLS	852,200	$5.3m4.11%	4.11%	Reduced -18.9k	-18,900 -2.2%
11	CENTURI HOLDINGS INC COM SHS CTRI	CTRI	266,800	$5.2m4.02%	4.02%	New
12	SUNRUN INC COM RUN	RUN	416,800	$4.9m3.82%	3.82%	Added +8.8k	+8,800 2.2%
13	EATON CORP PLC SHS ETN	ETN	12,000	$3.8m2.91%	2.91%	New
14	FLUENCE ENERGY INC COM CL A FLNC	FLNC	214,700	$3.7m2.88%	2.88%	Reduced -135.3k	-135,300 -38.7%
15	OKLO INC COM CL A OKLO	OKLO	438,000	$3.7m2.87%	2.87%	New
16	NVENT ELECTRIC PLC SHS NVT	NVT	46,700	$3.6m2.77%	2.77%	Reduced -139.9k	-139,900 -75.0%
17	FERRARI N V COM RACE	RACE	7,900	$3.2m2.50%	2.50%	Added +4.4k	+4,400 125.7%
18	ENPHASE ENERGY INC COM ENPH	ENPH	30,000	$3.0m2.31%	2.31%	Reduced -13.7k	-13,700 -31.4%
19	VIPER ENERGY INC CL A VNOM	VNOM	60,000	$2.3m1.74%	1.74%	Reduced -46.0k	-46,000 -43.4%
20	ANTERO RESOURCES CORP COM AR	AR	68,000	$2.2m1.72%	1.72%	Added +2.0k	+2,000 3.0%
21	MARATHON PETE CORP COM MPC	MPC	12,000	$2.1m1.61%	1.61%	New
22	PERMIAN RESOURCES CORP CLASS A COM PR	PR	128,000	$2.1m1.60%	1.60%	Reduced -56.0k	-56,000 -30.4%
23	NXP SEMICONDUCTORS N V COM NXPI	NXPI	7,200	$1.9m1.50%	1.50%	Reduced -3.0k	-3,000 -29.4%
24	NET POWER INC COM CL A NPWR	NPWR	156,900	$1.5m1.19%	1.19%	New
25	OCCIDENTAL PETE CORP COM OXY	OXY	20,000	$1.3m0.98%	0.98%	New
26	VERTIV HOLDINGS CO COM CL A VRT	VRT	14,000	$1.2m0.94%	0.94%	New
27	NET POWER INC *W EXP 06/08/202 NPWR.WS	NPWR.WS	106,249	$1.0m0.81%	0.81%	Unchanged
28	EQT CORP COM EQT	EQT	26,000	$961.5k0.74%	0.74%	Reduced -38.0k	-38,000 -59.4%
29	T1 ENERGY INC COM NEW TE	TE	434,536	$738.7k0.57%	0.57%	Added +18.1k	+18,100 4.3%

Sold out since Q1 2024

Security	Ticker	Shares held before	Value then
ATKORE INC ATKR	ATKR	36,500	$6.9m36.5k shares
FIRST SOLAR INC FSLR	FSLR	35,400	$6.0m35.4k shares
NEXTERA ENERGY PARTNERS LP XIFR	XIFR	175,000	$5.3m175.0k shares
ITRON INC ITRI	ITRI	47,972	$4.4m48.0k shares
GENERAC HLDGS INC GNRC	GNRC	35,000	$4.4m35.0k shares
CLEAN HARBORS INC CLH	CLH	20,000	$4.0m20.0k shares
WASTE CONNECTIONS INC WCN	WCN	17,900	$3.1m17.9k shares
CANADIAN NAT RES LTD CNQ	CNQ	70,000	$2.7m70.0k shares
GENERAL MTRS CO GM	GM	54,000	$2.4m54.0k shares
VALERO ENERGY CORP VLO	VLO	11,200	$1.9m11.2k shares
CHEVRON CORP NEW CVX	CVX	4,000	$631.0k4.0k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
INVESCO EXCH TRADED FD TR II TAN · Put	TAN	Put	700,000	$28.1m700.0k shares	New
SELECT SECTOR SPDR TR XLE · Call	XLE	Call	90,000	$8.2m90.0k shares	New
ENPHASE ENERGY INC ENPH · Call	ENPH	Call	75,000	$7.5m75.0k shares	New
OKLO INC OKLO · Call	OKLO	Call	500,000	$4.2m500.0k shares	New