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
+10.94%
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
$260M
AUM Growth
-$8.66M
Cap. Flow
-$23.6M
Cap. Flow %
-9.08%
Top 10 Hldgs %
69.22%
Holding
39
New
3
Increased
7
Reduced
10
Closed
9

Top Buys

Rank Stock Value
1
EGC
Energy XXI Gulf Coast, Inc. Common Stock
EGC
+$29.8M
2
SPN
Superior Energy Services, Inc.
SPN
+$13.8M
3
WFT
Weatherford International plc
WFT
+$5.25M
4
ATW
Atwood Oceanics
ATW
+$1.95M
5
DHI icon
D.R. Horton
DHI
+$1.03M

Top Sells

Rank Stock Value
1
CAA
CalAtlantic Group, Inc.
CAA
+$20.9M
2
C icon
Citigroup
C
+$8.65M
3
BAS
Basis Energy Services, Inc.
BAS
+$7.41M
4
PENN icon
PENN Entertainment
PENN
+$6.99M
5
PHM icon
Pultegroup
PHM
+$5.95M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 53.37%
2 Energy 23.59%
3 Real Estate 13.63%
4 Financials 6.04%
5 Communication Services 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EGC
1
DELISTED
Energy XXI Gulf Coast, Inc. Common Stock
EGC
$30.2M 11.58%
+1,006,615
New +$29.8M
DHI icon
2
D.R. Horton
DHI
$41.7B
$21.7M 8.34%
652,061
+33,308
+5% +$1.03M
GLPI icon
3
Gaming and Leisure Properties
GLPI
$12.8B
$20.9M 8.02%
625,184
+29,071
+5% +$918K
LEN icon
4
Lennar Class A
LEN
$21.2B
$18.7M 7.18%
383,622
-2,467
-0.6% -$112K
BMCH
5
DELISTED
BMC Stock Holdings, Inc
BMCH
$17.5M 6.73%
775,609
-126,991
-14% -$2.57M
LGIH icon
6
LGI Homes
LGIH
$1.35B
$16.5M 6.33%
486,563
-6,374
-1% -$194K
PHM icon
7
Pultegroup
PHM
$24.7B
$15.7M 6.02%
665,891
-276,292
-29% -$5.95M
RPT
8
Rithm Property Trust
RPT
$102M
$14.6M 5.61%
193,185
+2,957
+2% +$226K
ALLY icon
9
Ally Financial
ALLY
$12.9B
$12.4M 4.76%
609,672
– –
WFT
10
DELISTED
Weatherford International plc
WFT
$12.1M 4.65%
1,821,293
+895,464
+97% +$5.25M
TOL icon
11
Toll Brothers
TOL
$13.8B
$12M 4.62%
333,579
-85,093
-20% -$2.84M
SPN
12
DELISTED
Superior Energy Services, Inc.
SPN
$11.9M 4.58%
+83,648
New +$13.8M
MHO icon
13
M/I Homes
MHO
$3.84B
$9.89M 3.8%
403,538
– –
CAA
14
DELISTED
CalAtlantic Group, Inc.
CAA
$8.21M 3.15%
219,224
-590,567
-73% -$20.9M
WLH
15
DELISTED
WILLIAM LYON HOMES
WLH
$7.39M 2.84%
358,256
-314,147
-47% -$5.87M
GM icon
16
General Motors
GM
$76.3B
$4.37M 1.68%
123,544
– –
CRC
17
DELISTED
California Resources Corporation
CRC
$4.09M 1.57%
272,208
+42,201
+18% +$775K
EVRI
18
DELISTED
Everi Holdings
EVRI
$4.06M 1.56%
847,393
– –
C icon
19
Citigroup
C
$221B
$3.35M 1.29%
56,011
-146,315
-72% -$8.65M
PENN icon
20
PENN Entertainment
PENN
$2.45B
$2.93M 1.13%
159,178
-476,784
-75% -$6.99M
ATW
21
DELISTED
Atwood Oceanics
ATW
$1.66M 0.64%
+174,323
New +$1.95M
BAS
22
DELISTED
Basis Energy Services, Inc.
BAS
$1.49M 0.57%
44,534
-196,956
-82% -$7.41M
IWM icon
23
PUT
iShares Russell 2000 ETF
IWM
$81.4B
$462K 0.18%
650,000
+100,000
+18% +$13.7M
HRMNW
24
DELISTED
Harmony Merger Corp. Warrant
HRMNW
$360K 0.14%
720,000
– –
HRMNU
25
DELISTED
Harmony Merger Corp. Unit
HRMNU
$315K 0.12%
90,000
– –
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 2017 Portfolio in Review

As of Q1 2017, Covalent Partners held 39 positions worth $260M, down 3.2% from $269M the previous quarter. Its ten largest holdings account for 69% of the portfolio.

Covalent Partners withdrew a net $23.6M in Q1 2017, closing 9 positions and reducing 10 holdings. Its most notable exit was THE NEW HOME COMPANY INC., an estimated $5.57M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 53% of assets, down from 63% a quarter earlier, followed by Energy and Real Estate.

Against the trend, Covalent Partners opened a new position in Energy XXI Gulf Coast, Inc. Common Stock worth $30.2M.

  • Covalent Partners's largest Q1 2017 buy was Energy XXI Gulf Coast, Inc. Common Stock: 1,006,615 shares worth $30.2M.
  • Covalent Partners added most to Weatherford International plc in Q1 2017, an estimated $5.25M increase.
  • Covalent Partners's biggest Q1 2017 reduction was CalAtlantic Group, Inc., cutting an estimated $20.9M.
  • Covalent Partners fully exited THE NEW HOME COMPANY INC. in Q1 2017, selling an estimated $5.57M.
  • Covalent Partners's ten largest holdings make up 69% of its $260M portfolio in Q1 2017.
  • Covalent Partners opened 3 new positions and closed 9 in Q1 2017.
  • Covalent Partners's portfolio value fell 3.2% quarter-over-quarter to $260M.

Based on Covalent Partners's 13F filing for Q1 2017, filed 15 May 2017.