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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
-2.63%
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
$340M
AUM Growth
+$38.8M
Cap. Flow
+$77.7M
Cap. Flow %
22.82%
Top 10 Hldgs %
61.74%
Holding
34
New
9
Increased
15
Reduced
5
Closed
4

Top Buys

Rank Stock Value
1
PHM icon
Pultegroup
PHM
+$12M
2
BSBR icon
Santander
BSBR
+$11.5M
3
C icon
Citigroup
C
+$10.1M
4
GLPI icon
Gaming and Leisure Properties
GLPI
+$10.1M
5
BYD icon
Boyd Gaming
BYD
+$8.7M

Top Sells

Rank Stock Value
1
AAL icon
American Airlines Group
AAL
+$19.6M
2
PNK
Pinnacle Entertainment Inc.
PNK
+$9.56M
3
CNR
Cornerstone Building Brands, Inc.
CNR
+$6.61M
4
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$1.94M
5
DAN icon
Dana Inc
DAN
+$944K

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 39.73%
2 Financials 27.27%
3 Real Estate 14.53%
4 Industrials 9.33%
5 Communication Services 4.21%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
C icon
1
Citigroup
C
$221B
$31.9M 9.37%
670,342
+203,700
+44% +$10.1M
DAN icon
2
Dana Inc
DAN
$3.24B
$25.3M 7.44%
1,088,988
-45,500
-4% -$944K
BSBR icon
3
Santander
BSBR
$43.3B
$23M 6.75%
4,306,113
+2,367,499
+122% +$11.5M
GLPI icon
4
Gaming and Leisure Properties
GLPI
$12.8B
$21.1M 6.2%
579,273
+267,273
+86% +$10.1M
CIT
5
DELISTED
CIT Group Inc.
CIT
$20.8M 6.12%
424,800
+106,500
+33% +$5.19M
MGM icon
6
MGM Resorts International
MGM
$11B
$20.6M 6.05%
796,000
+70,500
+10% +$1.82M
BEE
7
DELISTED
STRATEGIC HOTELS & RESORTS, INC
BEE
$20.5M 6.02%
2,010,837
-18,000
-0.9% -$175K
GM icon
8
General Motors
GM
$76.3B
$16.9M 4.96%
490,600
+145,000
+42% +$5.32M
NCFT
9
DELISTED
NORCRAFT COS INC COM STK (DE)
NCFT
$15.8M 4.63%
930,594
+455,594
+96% +$7.85M
SBGI icon
10
Sinclair Inc
SBGI
$1.05B
$14.3M 4.21%
528,494
+89,500
+20% +$2.66M
ISCA
11
DELISTED
International Speedway Corp
ISCA
$12.2M 3.6%
360,354
+206,076
+134% +$6.96M
CNR
12
DELISTED
Cornerstone Building Brands, Inc.
CNR
$12.1M 3.55%
691,384
-371,014
-35% -$6.61M
PHM icon
13
Pultegroup
PHM
$24.7B
$11.7M 3.42%
+607,200
New +$12M
BAC icon
14
Bank of America
BAC
$436B
$9.97M 2.93%
579,777
+50,000
+9% +$841K
BYD icon
15
Boyd Gaming
BYD
$5.89B
$9.92M 2.91%
+751,343
New +$8.7M
F icon
16
Ford
F
$55.5B
$9.06M 2.66%
581,000
+59,000
+11% +$913K
AAPL icon
17
Apple
AAPL
$4.53T
$9.06M 2.66%
472,808
+70,420
+18% +$1.34M
NWHM
18
DELISTED
THE NEW HOME COMPANY INC.
NWHM
$8.64M 2.54%
+606,890
New +$8.37M
CYS
19
DELISTED
CYS Investments Inc.
CYS
$7.87M 2.31%
953,152
+185,000
+24% +$1.53M
TRK
20
DELISTED
Speedway Motorsports, Inc.
TRK
$7.61M 2.23%
406,032
+46,000
+13% +$896K
GS icon
21
Goldman Sachs
GS
$302B
$6.85M 2.01%
41,800
– –
RYL
22
DELISTED
RYLAND GROUP INC
RYL
$5.17M 1.52%
+129,392
New +$5.5M
MCRI icon
23
Monarch Casino & Resort
MCRI
$2.23B
$4.26M 1.25%
230,060
+223,560
+3,439% +$4.19M
AAL icon
24
American Airlines Group
AAL
$9.02B
$3.93M 1.16%
107,494
-576,500
-84% -$19.6M
MHO icon
25
M/I Homes
MHO
$3.84B
$3.91M 1.15%
+174,365
New +$4.17M
1
2

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 Q1 2014 Portfolio in Review

As of Q1 2014, Covalent Partners held 34 positions worth $340M, up 13% from $302M the previous quarter. Its ten largest holdings account for 62% of the portfolio.

Covalent Partners deployed $77.7M of net new capital in Q1 2014, opening 9 new positions and adding to 15 existing holdings. Its largest new stake was Pultegroup: 607,200 shares worth $11.7M.

By sector, the portfolio is most concentrated in Consumer Discretionary at 40% of assets, up from 28% a quarter earlier, followed by Financials and Real Estate.

On the sell side, the largest reduction was American Airlines Group, an estimated $19.6M trimmed.

  • Covalent Partners's largest Q1 2014 buy was Pultegroup: 607,200 shares worth $11.7M.
  • Covalent Partners added most to Santander in Q1 2014, an estimated $11.5M increase.
  • Covalent Partners's biggest Q1 2014 reduction was American Airlines Group, cutting an estimated $19.6M.
  • Covalent Partners fully exited Pinnacle Entertainment Inc. in Q1 2014, selling an estimated $9.56M.
  • Covalent Partners's ten largest holdings make up 62% of its $340M portfolio in Q1 2014.
  • Covalent Partners opened 9 new positions and closed 4 in Q1 2014.
  • Covalent Partners's portfolio value rose 13% quarter-over-quarter to $340M.

Based on Covalent Partners's 13F filing for Q1 2014, filed 14 May 2014.