We are live on ! Find out more
CP

Covalent Partners Portfolio holdings

AUM $17.6M
1-Year Est. Return 2.91%
This Fund
S&P 500
This Quarter Est. Return
+7.07%
1 Year Est. Return
+2.91%
3 Year Est. Return
+36.56%
5 Year Est. Return
+67.28%
10 Year Est. Return
+115.1%
AUM
$302M
AUM Growth
+$13.8M
Cap. Flow
+$85.3M
Cap. Flow %
28.29%
Top 10 Hldgs %
66.76%
Holding
34
New
6
Increased
9
Reduced
5
Closed
8

Top Buys

Rank Stock Value
1
AAL icon
American Airlines Group
AAL
+$17.6M
2
GLPI icon
Gaming and Leisure Properties
GLPI
+$14.8M
3
NCFT
NORCRAFT COS INC COM STK (DE)
NCFT
+$8.44M
4
DAN icon
Dana Inc
DAN
+$7.92M
5
BEE
STRATEGIC HOTELS & RESORTS, INC
BEE
+$3.94M

Top Sells

Rank Stock Value
1
WMS
WMS INDS INC
WMS
+$12.3M
2
LCC
US AIRWAYS GROUP INC.
LCC
+$11.8M
3
CNR
Cornerstone Building Brands, Inc.
CNR
+$10.7M
4
PNK
Pinnacle Entertainment Inc.
PNK
+$8.38M
5
PENN icon
PENN Entertainment
PENN
+$7.75M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 27.79%
2 Financials 22.51%
3 Industrials 14.99%
4 Real Estate 13.5%
5 Communication Services 5.2%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EEM icon
26
iShares MSCI Emerging Markets ETF
EEM
$30.7B
– –
-162,262
Closed -$6.61M
BRSL
27
Brightstar Lottery PLC
BRSL
$2.16B
– –
-150,500
Closed -$2.85M
IWM icon
28
PUT
iShares Russell 2000 ETF
IWM
$81.4B
– –
-5,000
Closed -$365K
PENN icon
29
PENN Entertainment
PENN
$2.45B
– –
-619,220
Closed -$7.75M
SPY icon
30
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$819B
– –
-3,000
Closed -$273K
XLI icon
31
PUT
State Street Industrial Select Sector SPDR ETF
XLI
$33.2B
– –
-4,000
Closed -$228K
LCC
32
DELISTED
US AIRWAYS GROUP INC.
LCC
– –
-622,492
Closed -$11.8M
WMS
33
DELISTED
WMS INDS INC
WMS
– –
-475,267
Closed -$12.3M
1
2

Similar funds

BCPE
Bain Capital Public Equity Boston, Massachusetts $18M AUM 35.19% 1-Year Est. Return
HAM
Honeycomb Asset Management New York $19.4M AUM 25.86% 1-Year Est. Return
BCA
Boundary Creek Advisors New York $15.3M AUM 0.41% 1-Year Est. Return
BCM
BCK Capital Management Stamford, Connecticut $23M AUM 33.03% 1-Year Est. Return
MS
Mizuho Securities Tokyo, Japan $7.68M AUM 15.91% 1-Year Est. Return
RA
Ritter Alpha New York $4.78M AUM
AIIC
AJU IB Investment Company Seoul, South Korea $30.5M AUM 128.96% 1-Year Est. Return
HFA
Harbert Fund Advisors Birmingham, Alabama $3.03M AUM 40.55% 1-Year Est. Return

Covalent Partners's Q4 2013 Portfolio in Review

As of Q4 2013, Covalent Partners held 34 positions worth $302M, up 4.8% from $288M the previous quarter. Its ten largest holdings account for 67% of the portfolio.

Covalent Partners deployed $85.3M of net new capital in Q4 2013, opening 6 new positions and adding to 9 existing holdings. Its largest new stake was American Airlines Group: 683,994 shares worth $17.3M.

By sector, the portfolio is most concentrated in Consumer Discretionary at 28% of assets, down from 33% a quarter earlier, followed by Financials and Industrials.

On the sell side, the largest reduction was Cornerstone Building Brands, Inc., an estimated $10.7M trimmed.

  • Covalent Partners's largest Q4 2013 buy was American Airlines Group: 683,994 shares worth $17.3M.
  • Covalent Partners added most to Dana Inc in Q4 2013, an estimated $7.92M increase.
  • Covalent Partners's biggest Q4 2013 reduction was Cornerstone Building Brands, Inc., cutting an estimated $10.7M.
  • Covalent Partners fully exited WMS INDS INC in Q4 2013, selling an estimated $12.3M.
  • Covalent Partners's ten largest holdings make up 67% of its $302M portfolio in Q4 2013.
  • Covalent Partners opened 6 new positions and closed 8 in Q4 2013.
  • Covalent Partners's portfolio value rose 4.8% quarter-over-quarter to $302M.

Based on Covalent Partners's 13F filing for Q4 2013, filed 14 Feb 2014.