We are live on ! Find out more
CP

Covalent Partners Portfolio holdings

AUM $17.6M
1-Year Est. Return 2.91%
This Fund
S&P 500
This Quarter Est. Return
-7.05%
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
$80.3M
AUM Growth
-$37.9M
Cap. Flow
-$37.5M
Cap. Flow %
-46.7%
Top 10 Hldgs %
83.03%
Holding
64
New
5
Increased
1
Reduced
8
Closed
15
Avg Time Held Equity + Options
3.6 quarters
Top 10 Avg Time Held Equity + Options
1.6 quarters
Top 20 Avg Time Held Equity + Options
2.1 quarters
Avg Time Held Equity only
3.9 quarters
Top 10 Avg Time Held Equity only
2.2 quarters
Top 20 Avg Time Held Equity only
2.4 quarters

Top Buys

Rank Stock Value
1
IWM icon
iShares Russell 2000 ETF
IWM
+$553K
2
NINE icon
Nine Energy Service
NINE
+$225K

Top Sells

Rank Stock Value
1
HTZ icon
Hertz
HTZ
+$3.99M
2
HP icon
Helmerich & Payne
HP
+$3M
3
UFPI icon
UFP Industries
UFPI
+$2.83M
4
CCL icon
Carnival Corporation Ltd
CCL
+$2.02M
5
AGAC
African Gold Acquisition Corp
AGAC
+$1.96M

Sector Composition

Rank Sector Weight
1 Miscellaneous 77.43%
2 Financials 10.86%
3 Consumer Discretionary 4.79%
4 Industrials 3.43%
5 Energy 2.45%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
HP icon
51
Helmerich & Payne
HP
$3.99B
– –
-70,000
Closed -$3M –
HTZ icon
52
Hertz
HTZ
$684M
– –
-180,000
Closed -$3.99M –
IWM icon
53
PUT
iShares Russell 2000 ETF
IWM
$77.4B
– –
-150,000
Closed -$30.8M –
LUV icon
54
Southwest Airlines
LUV
$20.4B
– –
-13,000
Closed -$595K –
USO icon
55
PUT
United States Oil Fund
USO
$1.68B
– –
-111,900
Closed -$8.29M –
NEX
56
DELISTED
NexTier Oilfield Solutions Inc.
NEX
– –
-98,500
Closed -$910K –
AGAC
57
DELISTED
African Gold Acquisition Corp
AGAC
– –
-200,000
Closed -$1.96M –
SPKB
58
DELISTED
Silver Spike Acquisition Corp II Class A Ordinary Shares
SPKB
– –
-99,900
Closed -$978K –
MON
59
DELISTED
Monument Circle Acquisition Corp. Class A Common Stock
MON
– –
-75,000
Closed -$734K –
COVA
60
DELISTED
COVA Acquisition Corp. Class A Ordinary Share
COVA
– –
-150,000
Closed -$1.47M –
FSNB.WS
61
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
– –
-4,000
Closed -$1K –
1 2
3

Similar funds

BCPE
Bain Capital Public Equity Boston, Massachusetts $18M AUM 35.19% 1-Year Est. Return
HAM
Honeycomb Asset Management New York $19.4M AUM 25.86% 1-Year Est. Return
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
Ritter Alpha New York $4.78M AUM
AIIC
AJU IB Investment Company Seoul, South Korea $30.5M AUM 128.96% 1-Year Est. Return
HFA
Harbert Fund Advisors Birmingham, Alabama $3.03M AUM 40.55% 1-Year Est. Return

Covalent Partners's Q2 2022 Portfolio in Review

As of Q2 2022, Covalent Partners held 64 positions worth $80.3M, down 32% from $118M the previous quarter. Its ten largest holdings account for 83% of the portfolio.

Covalent Partners withdrew a net $37.5M in Q2 2022, closing 15 positions and reducing 8 holdings. Its most notable exit was Hertz, an estimated $3.99M position sold in full.

By sector, the portfolio is most concentrated in Miscellaneous at 77% of assets, up from 61% a quarter earlier, followed by Financials and Consumer Discretionary.

Against the trend, Covalent Partners opened a new position in iShares Russell 2000 ETF worth $508K.

  • Covalent Partners's largest Q2 2022 buy was iShares Russell 2000 ETF: 3,000 shares worth $508K.
  • Covalent Partners added most to Nine Energy Service in Q2 2022, an estimated $225K increase.
  • Covalent Partners's biggest Q2 2022 reduction was UFP Industries, cutting an estimated $2.83M.
  • Covalent Partners fully exited Hertz in Q2 2022, selling an estimated $3.99M.
  • Covalent Partners's ten largest holdings make up 83% of its $80.3M portfolio in Q2 2022.
  • Covalent Partners opened 5 new positions and closed 15 in Q2 2022.
  • Covalent Partners's portfolio value fell 32% quarter-over-quarter to $80.3M.

Based on Covalent Partners's 13F filing for Q2 2022, filed 15 Aug 2022.