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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
+3.87%
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
$118M
AUM Growth
+$57.8M
(+96%)
Cap. Flow
+$50K
Cap. Flow
% of AUM
0.04%
Top 10 Holdings %
Top 10 Hldgs %
63.67%
Holding
67
New
10
Increased
4
Reduced
4
Closed
3
Avg Time Held Equity + Options
2.5
quarters
Top 10 Avg Time Held Equity + Options
1.2
quarters
Top 20 Avg Time Held Equity + Options
2.7
quarters
Avg Time Held Equity only
2.7
quarters
Top 10 Avg Time Held Equity only
1.9
quarters
Top 20 Avg Time Held Equity only
3.6
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Delta Air Lines
DAL
|
+$1.72M |
| 2 |
Southwest Airlines
LUV
|
+$1.17M |
| 3 |
Helmerich & Payne
HP
|
+$869K |
| 4 |
DAOOU
Crypto 1 Acquisition Corp Unit
DAOOU
|
+$507K |
| 5 |
AltEnergy Acquisition Corp
AEAE
|
+$446K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
UFP Industries
UFPI
|
+$1.77M |
| 2 |
Carnival Corporation Ltd
CCL
|
+$1.44M |
| 3 |
FAZE
FaZe Holdings Inc. Common Stock
FAZE
|
+$510K |
| 4 |
BSN.WS
Broadstone Acquisition Corp. Warrants, each whole warrant exercisable for one Class A ordinary share
BSN.WS
|
+$177K |
| 5 |
MAACW
Montes Archimedes Acquisition Corp. Warrant
MAACW
|
+$149K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 56.17% |
| 2 | Financials | 14.36% |
| 3 | Industrials | 9.28% |
| 4 | Consumer Discretionary | 7.98% |
| 5 | Materials | 5.3% |
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Covalent Partners's Q4 2021 Portfolio in Review
As of Q4 2021, Covalent Partners held 67 positions worth $118M, up 96% from $60.2M the previous quarter. Its ten largest holdings account for 64% of the portfolio.
Covalent Partners's Q4 2021 filing shows 10 new, 4 increased, 4 reduced and 3 closed positions. Its largest new stake was Southwest Airlines: 25,000 shares worth $1.07M. The largest sale was UFP Industries, an estimated $1.77M.
By sector, the portfolio is most concentrated in Miscellaneous at 56% of assets, up from 19% a quarter earlier, followed by Financials and Industrials.
- Covalent Partners's largest Q4 2021 buy was Southwest Airlines: 25,000 shares worth $1.07M.
- Covalent Partners added most to Delta Air Lines in Q4 2021, an estimated $1.72M increase.
- Covalent Partners's biggest Q4 2021 reduction was UFP Industries, cutting an estimated $1.77M.
- Covalent Partners fully exited Broadstone Acquisition Corp. Warrants, each whole warrant exercisable for one Class A ordinary share in Q4 2021, selling an estimated $177K.
- Covalent Partners's ten largest holdings make up 64% of its $118M portfolio in Q4 2021.
- Covalent Partners opened 10 new positions and closed 3 in Q4 2021.
- Covalent Partners's portfolio value rose 96% quarter-over-quarter to $118M.
Based on Covalent Partners's 13F filing for Q4 2021, filed 14 Feb 2022.