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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
+$1.22M
Cap. Flow %
1.07%
Top 10 Hldgs %
72.33%
Holding
73
New
27
Increased
4
Reduced
4
Closed
14
Avg Time Held Equity + Options
1.3 quarters
Top 10 Avg Time Held Equity + Options
0.7 quarters
Top 20 Avg Time Held Equity + Options
2.2 quarters
Avg Time Held Equity only
1.3 quarters
Top 10 Avg Time Held Equity only
2.2 quarters
Top 20 Avg Time Held Equity only
2.3 quarters

Top Buys

Rank Stock Value
1
ACII icon
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 Miscellaneous 56.26%
2 Financials 16.87%
3 Consumer Discretionary 8.55%
4 Industrials 6.62%
5 Materials 5%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
MONCW
51
DELISTED
Monument Circle Acquisition Corp. Warrant
MONCW
$27K 0.02%
37,500
– –
2021 Q1
1 quarter
CAHCW
52
DELISTED
CA Healthcare Acquisition Corp. Warrant
CAHCW
$27K 0.02%
27,500
– –
2021 Q1
1 quarter
FTAAW
53
DELISTED
FTAC Athena Acquisition Corp. Warrant
FTAAW
$19K 0.02%
+12,500
New +$13.2K
2021 Q2
0 quarters
MONDW icon
54
DELISTED
Mondee Holdings, Inc. Warrant
MONDW
$17K 0.01%
25,000
– –
2021 Q1
1 quarter
NXU.WS icon
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
2021 Q2
0 quarters
EACPW
56
DELISTED
Edify Acquisition Corp. Warrant
EACPW
$11K 0.01%
15,000
– –
2021 Q1
1 quarter
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
2021 Q2
0 quarters
RUMBW
58
RUM Group Inc Warrant
RUMBW
$12.6M
$2K ﹤0.01%
+2,500
New +$2.25K
2021 Q2
0 quarters
OXY icon
59
PUT
Occidental Petroleum
OXY
$60.1B
– –
-10,000
Closed -$3K –
QQQ icon
60
PUT
Invesco QQQ Trust
QQQ
$507B
– –
-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 icon
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 icon
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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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's Q2 2021 filing shows 27 new, 4 increased, 4 reduced and 14 closed positions. Its largest new stake was Atlas Crest Investment Corp. II: 255,000 shares worth $2.49M. The largest sale was Montes Archimedes Acquisition Corp. Class A Common Stock, an estimated $2.93M.

By sector, the portfolio is most concentrated in Miscellaneous at 56% of assets, up from 33% a quarter earlier, followed by Financials and Consumer Discretionary.

  • 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.