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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
+5.99%
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
$114M
AUM Growth
+$56.7M
Cap. Flow
+$38.7M
Cap. Flow %
33.93%
Top 10 Hldgs %
72.33%
Holding
73
New
27
Increased
4
Reduced
4
Closed
14

Top Buys

Rank Stock Value
1
ACII
Atlas Crest Investment Corp. II
ACII
+$2.51M
2
CCVI
Churchill Capital Corp VI
CCVI
+$1.99M
3
FAZE
FaZe Holdings Inc. Common Stock
FAZE
+$1.96M
4
BYD icon
Boyd Gaming
BYD
+$1.73M
5
DHI icon
D.R. Horton
DHI
+$1.69M

Top Sells

Rank Stock Value
1
MAAC
Montes Archimedes Acquisition Corp. Class A Common Stock
MAAC
+$2.93M
2
BSN
Broadstone Acquisition Corp.
BSN
+$2.05M
3
BRPMU
B. Riley Principal 150 Merger Corp. Unit
BRPMU
+$2M
4
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
+$1.82M
5
COVAU
COVA Acquisition Corp. Unit
COVAU
+$1.49M

Sector Composition

Rank Sector Weight
1 Financials 16.87%
2 Consumer Discretionary 8.55%
3 Industrials 6.62%
4 Materials 5%
5 Energy 3.28%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MONCW
51
DELISTED
Monument Circle Acquisition Corp. Warrant
MONCW
$27K 0.02%
37,500
– –
CAHCW
52
DELISTED
CA Healthcare Acquisition Corp. Warrant
CAHCW
$27K 0.02%
27,500
– –
FTAAW
53
DELISTED
FTAC Athena Acquisition Corp. Warrant
FTAAW
$19K 0.02%
+12,500
New +$13.2K
MONDW
54
DELISTED
Mondee Holdings, Inc. Warrant
MONDW
$17K 0.01%
25,000
– –
NXU.WS
55
DELISTED
Novus Capital Corporation II Redeemable warrants, each whole warrant exercisable for shares of Class
NXU.WS
$12K 0.01%
+10,000
New +$10.5K
EACPW
56
DELISTED
Edify Acquisition Corp. Warrant
EACPW
$11K 0.01%
15,000
– –
FSNB.WS
57
DELISTED
Fusion Acquisition Corp. II Redeemable Warrants, each whole warrant exercisable for one share of Class A common stock, each at an exercise price of $11.50 per share
FSNB.WS
$4K ﹤0.01%
+4,000
New +$3.15K
RUMBW
58
RUM Group Inc Warrant
RUMBW
$16.7M
$2K ﹤0.01%
+2,500
New +$2.25K
OXY icon
59
PUT
Occidental Petroleum
OXY
$60.1B
– –
-10,000
Closed -$3K
QQQ icon
60
PUT
Invesco QQQ Trust
QQQ
$483B
– –
-13,000
Closed -$57K
CCVI.U
61
DELISTED
Churchill Capital Corp VI Units, each consisting of one share of Class A common stock, and one-fifth of one redeemable warrant
CCVI.U
– –
-180,711
Closed -$1.82M
EVOJU
62
DELISTED
Evo Acquisition Corp. Unit
EVOJU
– –
-100,000
Closed -$993K
SPKBU
63
DELISTED
Silver Spike Acquisition Corp II Units
SPKBU
– –
-107,150
Closed -$1.07M
FTAAU
64
DELISTED
FTAC Athena Acquisition Corp. Unit
FTAAU
– –
-50,000
Closed -$500K
COVAU
65
DELISTED
COVA Acquisition Corp. Unit
COVAU
– –
-150,000
Closed -$1.49M
ACII.U
66
PUT
DELISTED
Atlas Crest Investment Corp. II Units, each consisting of one Class A common stock, $.0001 par value, and one-fourth of one redeemable warrant
ACII.U
– –
-255,000
Closed -$2.55M
CFVIU
67
DELISTED
CF Acquisition Corp. VI Unit
CFVIU
– –
-10,000
Closed -$99K
BRPMU
68
DELISTED
B. Riley Principal 150 Merger Corp. Unit
BRPMU
– –
-200,000
Closed -$2M
NXU.U
69
DELISTED
Novus Capital Corporation II Units, each consisting of one share of Class A common stock and one thi
NXU.U
– –
-30,000
Closed -$300K
MAAC
70
DELISTED
Montes Archimedes Acquisition Corp. Class A Common Stock
MAAC
– –
-300,000
Closed -$2.93M
CAHC
71
DELISTED
CA Healthcare Acquisition Corp. Class A Common Stock
CAHC
– –
-55,000
Closed -$532K
FSNB.U
72
DELISTED
Fusion Acquisition Corp. II Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant
FSNB.U
– –
-10,000
Closed -$99K
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
Mizuho Securities Tokyo, Japan $7.68M AUM 15.91% 1-Year Est. Return
RA
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AIIC
AJU IB Investment Company Seoul, South Korea $30.5M AUM 128.96% 1-Year Est. Return
HFA
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Covalent Partners's Q2 2021 Portfolio in Review

As of Q2 2021, Covalent Partners held 73 positions worth $114M, up 99% from $57.4M the previous quarter. Its ten largest holdings account for 72% of the portfolio.

Covalent Partners deployed $38.7M of net new capital in Q2 2021, opening 27 new positions and adding to 4 existing holdings. Its largest new stake was Atlas Crest Investment Corp. II: 255,000 shares worth $2.49M.

By sector, the portfolio is most concentrated in Financials at 17% of assets, down from 27% a quarter earlier, followed by Consumer Discretionary and Industrials.

On the sell side, the largest reduction was Broadstone Acquisition Corp., an estimated $2.05M trimmed.

  • Covalent Partners's largest Q2 2021 buy was Atlas Crest Investment Corp. II: 255,000 shares worth $2.49M.
  • Covalent Partners added most to D.R. Horton in Q2 2021, an estimated $1.69M increase.
  • Covalent Partners's biggest Q2 2021 reduction was Broadstone Acquisition Corp., cutting an estimated $2.05M.
  • Covalent Partners fully exited Montes Archimedes Acquisition Corp. Class A Common Stock in Q2 2021, selling an estimated $2.93M.
  • Covalent Partners's ten largest holdings make up 72% of its $114M portfolio in Q2 2021.
  • Covalent Partners opened 27 new positions and closed 14 in Q2 2021.
  • Covalent Partners's portfolio value rose 99% quarter-over-quarter to $114M.

Based on Covalent Partners's 13F filing for Q2 2021, filed 16 Aug 2021.