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CP

Covalent Partners Portfolio holdings

AUM $17.6M Turnover 18.75%
1-Year Est. Return 2.91%
This Fund
S&P 500
This Quarter Est. Return
+14.09%
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
$57.4M
AUM Growth
+$21M
Cap. Flow
+$7.47M
Cap. Flow %
13%
Top 10 Hldgs %
55.12%
Holding
56
New
34
Increased
3
Reduced
2
Closed
9
Avg Time Held Equity + Options
0.3 years
Top 10 Avg Time Held Equity + Options
0.3 years
Top 20 Avg Time Held Equity + Options
0.5 years
Avg Time Held Equity only
0.3 years
Top 10 Avg Time Held Equity only
0.6 years
Top 20 Avg Time Held Equity only
0.5 years

Top Buys

Rank Stock Value
1
MAAC
Montes Archimedes Acquisition Corp. Class A Common Stock
MAAC
+$3.05M
2
AGAC
African Gold Acquisition Corp
AGAC
+$2.39M
3
BRPMU
B. Riley Principal 150 Merger Corp. Unit
BRPMU
+$2.04M
4
DHI icon
D.R. Horton
DHI
+$1.96M
5
CCVI.U
Churchill Capital Corp VI Units, each consisting of one share of Class A common stock, and one-fifth of one redeemable warrant
CCVI.U
+$1.95M

Top Sells

Rank Stock Value
1
CYXT
Cyxtera Technologies, Inc. Class A Common Stock
CYXT
+$3.17M
2
MAACU
Montes Archimedes Acquisition Corp. Unit
MAACU
+$2.1M
3
LCID icon
Lucid Motors
LCID
+$2M
4
FST
FAST Acquisition Corp.
FST
+$1.79M
5
LVOX
LiveVox Holding, Inc. Class A Common Stock
LVOX
+$1.04M

Sector Composition

Rank Sector Weight
1 Miscellaneous 32.72%
2 Financials 27.18%
3 Industrials 12.15%
4 Consumer Discretionary 10.74%
5 Materials 9.18%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
FST.WS
51
DELISTED
FAST Acquisition Corp. Warrants, each whole warrant exercisable for one share of Class A Common Stock at an exercise price of $11.50
FST.WS
– –
-87,500
Closed -$152K –
FST
52
DELISTED
FAST Acquisition Corp.
FST
– –
-175,000
Closed -$1.79M –
CYXTW
53
DELISTED
Cyxtera Technologies, Inc. Warrant
CYXTW
– –
-50,970
Closed -$100K –
MAACU
54
DELISTED
Montes Archimedes Acquisition Corp. Unit
MAACU
– –
-200,000
Closed -$2.1M –
1 2
3

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HAM
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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
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AIIC
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HFA
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Covalent Partners's Q1 2021 Portfolio in Review

As of Q1 2021, Covalent Partners held 56 positions worth $57.4M, up 58% from $36.4M the previous quarter. Its ten largest holdings account for 55% of the portfolio.

Covalent Partners deployed $7.47M of net new capital in Q1 2021, opening 34 new positions and adding to 3 existing holdings. Its largest new stake was Montes Archimedes Acquisition Corp. Class A Common Stock: 300,000 shares worth $2.93M.

By sector, the portfolio is most concentrated in Miscellaneous at 33% of assets, up from 31% a quarter earlier, followed by Financials and Industrials.

On the sell side, the largest reduction was NexTier Oilfield Solutions Inc., an estimated $889K trimmed.

  • Covalent Partners's largest Q1 2021 buy was Montes Archimedes Acquisition Corp. Class A Common Stock: 300,000 shares worth $2.93M.
  • Covalent Partners added most to Cornerstone Building Brands, Inc. in Q1 2021, an estimated $606K increase.
  • Covalent Partners's biggest Q1 2021 reduction was NexTier Oilfield Solutions Inc., cutting an estimated $889K.
  • Covalent Partners fully exited Cyxtera Technologies, Inc. Class A Common Stock in Q1 2021, selling an estimated $3.17M.
  • Covalent Partners's ten largest holdings make up 55% of its $57.4M portfolio in Q1 2021.
  • Covalent Partners opened 34 new positions and closed 9 in Q1 2021.
  • Covalent Partners's portfolio value rose 58% quarter-over-quarter to $57.4M.

Based on Covalent Partners's 13F filing for Q1 2021, filed 17 May 2021.