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
-4.89%
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
$211M
AUM Growth
-$49.3M
Cap. Flow
-$38.6M
Cap. Flow %
-18.28%
Top 10 Hldgs %
70.52%
Holding
33
New
4
Increased
5
Reduced
9
Closed
7
Avg Time Held Equity + Options
5.2 quarters
Top 10 Avg Time Held Equity + Options
2.8 quarters
Top 20 Avg Time Held Equity + Options
4.8 quarters
Avg Time Held Equity only
5.4 quarters
Top 10 Avg Time Held Equity only
2.8 quarters
Top 20 Avg Time Held Equity only
4.8 quarters

Top Buys

Rank Stock Value
1
UFPI icon
UFP Industries
UFPI
+$24.6M
2
CYH icon
Community Health Systems
CYH
+$7.12M
3
MPT
Medical Properties Trust
MPT
+$6.62M
4
SPN
Superior Energy Services, Inc.
SPN
+$5.06M
5
BAS
Basis Energy Services, Inc.
BAS
+$4.27M

Top Sells

Rank Stock Value
1
GLPI icon
Gaming and Leisure Properties
GLPI
+$12.8M
2
PHM icon
Pultegroup
PHM
+$11.9M
3
LEN icon
Lennar Class A
LEN
+$10.5M
4
CAA
CalAtlantic Group, Inc.
CAA
+$8.21M
5
WLH
WILLIAM LYON HOMES
WLH
+$7.39M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 35.15%
2 Energy 23.43%
3 Real Estate 14.17%
4 Materials 11.13%
5 Financials 7.31%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
IWM icon
26
PUT
iShares Russell 2000 ETF
IWM
$77.4B
– –
-650,000
Closed -$462K –
PENN icon
27
PENN Entertainment
PENN
$2.08B
– –
-159,178
Closed -$2.93M –
CAA
28
DELISTED
CalAtlantic Group, Inc.
CAA
– –
-219,224
Closed -$8.21M –
ATW
29
DELISTED
Atwood Oceanics
ATW
– –
-174,323
Closed -$1.66M –
WLH
30
DELISTED
WILLIAM LYON HOMES
WLH
– –
-358,256
Closed -$7.39M –
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 Q2 2017 Portfolio in Review

As of Q2 2017, Covalent Partners held 33 positions worth $211M, down 19% from $260M the previous quarter. Its ten largest holdings account for 71% of the portfolio.

Covalent Partners withdrew a net $38.6M in Q2 2017, closing 7 positions and reducing 9 holdings. Its most notable exit was CalAtlantic Group, Inc., an estimated $8.21M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 35% of assets, down from 53% a quarter earlier, followed by Energy and Real Estate.

Against the trend, Covalent Partners opened a new position in UFP Industries worth $23.5M.

  • Covalent Partners's largest Q2 2017 buy was UFP Industries: 808,098 shares worth $23.5M.
  • Covalent Partners added most to Superior Energy Services, Inc. in Q2 2017, an estimated $5.06M increase.
  • Covalent Partners's biggest Q2 2017 reduction was Gaming and Leisure Properties, cutting an estimated $12.8M.
  • Covalent Partners fully exited CalAtlantic Group, Inc. in Q2 2017, selling an estimated $8.21M.
  • Covalent Partners's ten largest holdings make up 71% of its $211M portfolio in Q2 2017.
  • Covalent Partners opened 4 new positions and closed 7 in Q2 2017.
  • Covalent Partners's portfolio value fell 19% quarter-over-quarter to $211M.

Based on Covalent Partners's 13F filing for Q2 2017, filed 14 Aug 2017.