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
+11.5%
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
$441M
AUM Growth
+$23.9M
Cap. Flow
-$14.2M
Cap. Flow %
-3.23%
Top 10 Hldgs %
65.84%
Holding
41
New
9
Increased
6
Reduced
13
Closed
12
Avg Time Held Equity + Options
3.1 quarters
Top 10 Avg Time Held Equity + Options
2.7 quarters
Top 20 Avg Time Held Equity + Options
3.1 quarters
Avg Time Held Equity only
3.2 quarters
Top 10 Avg Time Held Equity only
2.7 quarters
Top 20 Avg Time Held Equity only
3.1 quarters

Top Buys

Rank Stock Value
1
PENN icon
PENN Entertainment
PENN
+$16.6M
2
TMHC
Taylor Morrison
TMHC
+$15.6M
3
MGM icon
MGM Resorts International
MGM
+$11.5M
4
LEN icon
Lennar Class A
LEN
+$11.4M
5
MTH icon
Meritage Homes
MTH
+$10.2M

Top Sells

Rank Stock Value
1
BEE
STRATEGIC HOTELS & RESORTS, INC
BEE
+$15.7M
2
LPX icon
Louisiana-Pacific
LPX
+$7.95M
3
CYS
CYS Investments Inc.
CYS
+$7.75M
4
AXLL
AXIALL CORP COM STK (DE)
AXLL
+$7.74M
5
GTN icon
Gray Television
GTN
+$7.13M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 70.29%
2 Industrials 10.98%
3 Financials 9.29%
4 Real Estate 5.37%
5 Communication Services 2.28%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
GM icon
1
General Motors
GM
$72.6B
$42.5M 9.63%
1,216,342
+71,931
+6% +$2.3M
2013 Q2
6 quarters
MGM icon
2
MGM Resorts International
MGM
$7.36B
$41.8M 9.48%
1,955,902
+529,402
+37% +$11.5M
2013 Q2
6 quarters
PHM icon
3
Pultegroup
PHM
$21.4B
$36.1M 8.18%
1,680,152
+14,895
+0.9% +$297K
2014 Q1
3 quarters
C icon
4
Citigroup
C
$217B
$33.8M 7.68%
625,497
-118,345
-16% -$6.28M
2013 Q2
6 quarters
DAN icon
5
Dana Inc
DAN
$3.16B
$30.1M 6.83%
1,386,087
-235,529
-15% -$4.76M
2013 Q2
6 quarters
RYL
6
DELISTED
RYLAND GROUP INC
RYL
$24.2M 5.49%
628,087
+98,095
+19% +$3.56M
2014 Q1
3 quarters
GLPI icon
7
Gaming and Leisure Properties
GLPI
$11.1B
$23.7M 5.37%
807,259
-94,014
-10% -$2.9M
2013 Q4
4 quarters
NCFT
8
DELISTED
NORCRAFT COS INC COM STK (DE)
NCFT
$21.3M 4.84%
1,105,724
-134,064
-11% -$2.39M
2013 Q4
4 quarters
AAL icon
9
American Airlines Group
AAL
$8.45B
$19.1M 4.34%
356,660
-13,041
-4% -$562K
2013 Q4
4 quarters
PENN icon
10
PENN Entertainment
PENN
$2.08B
$17.6M 3.99%
+1,281,540
New +$16.6M
2014 Q4
0 quarters
TMHC
11
DELISTED
Taylor Morrison
TMHC
$16.5M 3.74%
+872,044
New +$15.6M
2014 Q4
0 quarters
ISCA
12
DELISTED
International Speedway Corp
ISCA
$16.1M 3.65%
507,780
-6,868
-1% -$213K
2013 Q2
6 quarters
LEN icon
13
Lennar Class A
LEN
$18.2B
$11.7M 2.66%
+275,247
New +$11.4M
2014 Q4
0 quarters
NWHM
14
DELISTED
THE NEW HOME COMPANY INC.
NWHM
$11.5M 2.6%
791,210
-34,985
-4% -$497K
2014 Q1
3 quarters
SBGI icon
15
Sinclair Inc
SBGI
$921M
$10M 2.28%
366,893
-195,190
-35% -$5.32M
2013 Q2
6 quarters
MTH icon
16
Meritage Homes
MTH
$3.83B
$10M 2.27%
+556,000
New +$10.2M
2014 Q4
0 quarters
DHI icon
17
D.R. Horton
DHI
$37.7B
$9.96M 2.26%
+394,000
New +$9.22M
2014 Q4
0 quarters
CNR
18
DELISTED
Cornerstone Building Brands, Inc.
CNR
$7.95M 1.8%
429,208
-320,994
-43% -$6.01M
2013 Q2
6 quarters
MCRI icon
19
Monarch Casino & Resort
MCRI
$2.05B
$7.58M 1.72%
457,072
+55,316
+14% +$839K
2013 Q4
4 quarters
F icon
20
Ford
F
$48.5B
$7.51M 1.7%
484,812
-88,842
-15% -$1.31M
2013 Q2
6 quarters
TRK
21
DELISTED
Speedway Motorsports, Inc.
TRK
$7.51M 1.7%
343,426
-59,226
-15% -$1.16M
2013 Q2
6 quarters
GS icon
22
Goldman Sachs
GS
$261B
$7.13M 1.62%
36,802
-18,128
-33% -$3.41M
2013 Q2
6 quarters
WLH
23
DELISTED
WILLIAM LYON HOMES
WLH
$5.89M 1.34%
+290,500
New +$6.17M
2014 Q4
0 quarters
MHO icon
24
M/I Homes
MHO
$3.23B
$5.22M 1.18%
227,472
-94,932
-29% -$2.07M
2014 Q1
3 quarters
LNW
25
DELISTED
Light & Wonder
LNW
$4.38M 0.99%
343,800
+25,000
+8% +$301K
2014 Q3
1 quarter
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 Q4 2014 Portfolio in Review

As of Q4 2014, Covalent Partners held 41 positions worth $441M, up 5.7% from $417M the previous quarter. Its ten largest holdings account for 66% of the portfolio.

Covalent Partners withdrew a net $14.2M in Q4 2014, closing 12 positions and reducing 13 holdings. Its most notable exit was STRATEGIC HOTELS & RESORTS, INC, an estimated $15.7M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 70% of assets, up from 51% a quarter earlier, followed by Industrials and Financials.

Against the trend, Covalent Partners opened a new position in PENN Entertainment worth $17.6M.

  • Covalent Partners's largest Q4 2014 buy was PENN Entertainment: 1,281,540 shares worth $17.6M.
  • Covalent Partners added most to MGM Resorts International in Q4 2014, an estimated $11.5M increase.
  • Covalent Partners's biggest Q4 2014 reduction was Citigroup, cutting an estimated $6.28M.
  • Covalent Partners fully exited STRATEGIC HOTELS & RESORTS, INC in Q4 2014, selling an estimated $15.7M.
  • Covalent Partners's ten largest holdings make up 66% of its $441M portfolio in Q4 2014.
  • Covalent Partners opened 9 new positions and closed 12 in Q4 2014.
  • Covalent Partners's portfolio value rose 5.7% quarter-over-quarter to $441M.

Based on Covalent Partners's 13F filing for Q4 2014, filed 13 Feb 2015.