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CP

Covalent Partners Portfolio holdings

AUM $17.6M
1-Year Est. Return 2.91%
This Fund
S&P 500
This Quarter Est. Return
-26.85%
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
$61.9M
AUM Growth
-$17.1M
Cap. Flow
+$46.7M
Cap. Flow %
75.5%
Top 10 Hldgs %
75.29%
Holding
29
New
4
Increased
11
Reduced
8
Closed
4

Top Buys

Rank Stock Value
1
HAL icon
Halliburton
HAL
+$5.44M
2
PTEN icon
Patterson-UTI
PTEN
+$3.45M
3
NEX
NexTier Oilfield Solutions Inc.
NEX
+$2.16M
4
BRSL
Brightstar Lottery PLC
BRSL
+$2.03M
5
SPN
Superior Energy Services, Inc.
SPN
+$1.68M

Top Sells

Rank Stock Value
1
TOL icon
Toll Brothers
TOL
+$3.85M
2
AGCO icon
AGCO
AGCO
+$2.85M
3
DHI icon
D.R. Horton
DHI
+$2.81M
4
TWI icon
Titan International
TWI
+$2.19M
5
UFPI icon
UFP Industries
UFPI
+$856K

Sector Composition

Rank Sector Weight
1 Energy 57.7%
2 Consumer Discretionary 17.61%
3 Real Estate 13.03%
4 Industrials 5.37%
5 Materials 4.69%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IWM icon
26
PUT
iShares Russell 2000 ETF
IWM
$81.4B
– –
-184,500
Closed -$33K
QQQ icon
27
PUT
Invesco QQQ Trust
QQQ
$483B
– –
-86,600
Closed -$6K
TOL icon
28
Toll Brothers
TOL
$13.8B
– –
-116,430
Closed -$3.85M
TWI icon
29
Titan International
TWI
$454M
– –
-295,843
Closed -$2.19M
1
2

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Covalent Partners's Q4 2018 Portfolio in Review

As of Q4 2018, Covalent Partners held 29 positions worth $61.9M, down 22% from $79M the previous quarter. Its ten largest holdings account for 75% of the portfolio.

Covalent Partners deployed $46.7M of net new capital in Q4 2018, opening 4 new positions and adding to 11 existing holdings. Its largest new stake was Brightstar Lottery PLC: 122,514 shares worth $1.79M.

By sector, the portfolio is most concentrated in Energy at 58% of assets, up from 49% a quarter earlier, followed by Consumer Discretionary and Real Estate.

On the sell side, the largest reduction was AGCO, an estimated $2.85M trimmed.

  • Covalent Partners's largest Q4 2018 buy was Brightstar Lottery PLC: 122,514 shares worth $1.79M.
  • Covalent Partners added most to Halliburton in Q4 2018, an estimated $5.44M increase.
  • Covalent Partners's biggest Q4 2018 reduction was AGCO, cutting an estimated $2.85M.
  • Covalent Partners fully exited Toll Brothers in Q4 2018, selling an estimated $3.85M.
  • Covalent Partners's ten largest holdings make up 75% of its $61.9M portfolio in Q4 2018.
  • Covalent Partners opened 4 new positions and closed 4 in Q4 2018.
  • Covalent Partners's portfolio value fell 22% quarter-over-quarter to $61.9M.

Based on Covalent Partners's 13F filing for Q4 2018, filed 14 Feb 2019.