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
-3.21%
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
$79M
AUM Growth
-$14.4M
(-15%)
Cap. Flow
-$9.97M
Cap. Flow
% of AUM
-12.62%
Top 10 Holdings %
Top 10 Hldgs %
69.7%
Holding
30
New
3
Increased
7
Reduced
11
Closed
5
Avg Time Held Equity + Options
4.5
quarters
Top 10 Avg Time Held Equity + Options
2.8
quarters
Top 20 Avg Time Held Equity + Options
4.3
quarters
Avg Time Held Equity only
4.9
quarters
Top 10 Avg Time Held Equity only
2.8
quarters
Top 20 Avg Time Held Equity only
4.3
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Halliburton
HAL
|
+$3.51M |
| 2 |
LGI Homes
LGIH
|
+$1.91M |
| 3 |
PR
Permian Resources
PR
|
+$1.78M |
| 4 |
NEX
NexTier Oilfield Solutions Inc.
NEX
|
+$1.43M |
| 5 |
SEI
Solaris Energy Infrastructure
SEI
|
+$779K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ally Financial
ALLY
|
+$4.55M |
| 2 |
SPN
Superior Energy Services, Inc.
SPN
|
+$2.4M |
| 3 |
MPT
Medical Properties Trust
MPT
|
+$2.07M |
| 4 |
EVRI
Everi Holdings
EVRI
|
+$1.97M |
| 5 |
D.R. Horton
DHI
|
+$1.95M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 49.33% |
| 2 | Consumer Discretionary | 21.39% |
| 3 | Real Estate | 11.6% |
| 4 | Industrials | 11.26% |
| 5 | Materials | 6.33% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Gaming and Leisure Properties
GLPI
$11.1B
| $9.17M | 11.6% |
260,024
| – | – |
2013 Q4
19 quarters
|
|
2
AGCO
AGCO
$7.23B
| $6.7M | 8.48% |
110,216
-9,202
| -8% | -$557K |
2017 Q4
3 quarters
|
|
|
3
D.R. Horton
DHI
$37.7B
| $5.85M | 7.4% |
138,588
-45,142
| -25% | -$1.95M |
2014 Q4
15 quarters
|
|
|
PXD
4
DELISTED
Pioneer Natural Resource Co.
PXD
| $5.17M | 6.54% |
29,655
-4,271
| -13% | -$764K |
2017 Q3
4 quarters
|
|
|
NEX
5
DELISTED
NexTier Oilfield Solutions Inc.
NEX
| $5.11M | 6.47% |
413,001
+110,972
| +37% | +$1.43M |
2018 Q2
1 quarter
|
|
6
UFP Industries
UFPI
$4.09B
| $5M | 6.33% |
141,515
-22,537
| -14% | -$831K |
2017 Q2
5 quarters
|
|
7
Lennar Class A
LEN
$18.2B
| $4.97M | 6.3% |
110,076
-19,015
| -15% | -$958K |
2014 Q4
15 quarters
|
|
8
Patterson-UTI
PTEN
$4.31B
| $4.91M | 6.21% |
286,835
-18,043
| -6% | -$310K |
2018 Q1
2 quarters
|
|
9
ProPetro Holding
PUMP
$1.12B
| $4.34M | 5.49% |
263,136
+25,898
| +11% | +$417K |
2017 Q3
4 quarters
|
|
10
Toll Brothers
TOL
$12.3B
| $3.85M | 4.87% |
116,430
+4,198
| +4% | +$152K |
2018 Q2
1 quarter
|
|
|
11
Halliburton
HAL
$27.1B
| $3.44M | 4.35% |
+84,800
| New | +$3.51M |
2018 Q3
0 quarters
|
|
12
Nabors Industries
NBR
$1.23B
| $3.43M | 4.34% |
11,130
| – | – |
2017 Q3
4 quarters
|
|
|
SEI
13
Solaris Energy Infrastructure
SEI
$5.03B
| $3.29M | 4.17% |
174,309
+48,546
| +39% | +$779K |
2018 Q2
1 quarter
|
|
|
CJ
14
DELISTED
C&J Energy Services, Inc.
CJ
| $3.23M | 4.09% |
155,319
+2,314
| +2% | +$51.9K |
2017 Q3
4 quarters
|
|
15
Titan International
TWI
$449M
| $2.19M | 2.78% |
295,843
-100,271
| -25% | -$851K |
2018 Q1
2 quarters
|
|
|
SPN
16
DELISTED
Superior Energy Services, Inc.
SPN
| $2.08M | 2.63% |
21,345
-25,595
| -55% | -$2.4M |
2016 Q3
8 quarters
|
|
|
PR
17
Permian Resources
PR
$19.3B
| $2.07M | 2.62% |
+94,808
| New | +$1.78M |
2018 Q3
0 quarters
|
|
|
18
LGI Homes
LGIH
$1.02B
| $1.65M | 2.08% |
+34,691
| New | +$1.91M |
2018 Q3
0 quarters
|
|
19
NextDecade
NEXT
$1.76B
| $973K | 1.23% |
172,231
-10,000
| -5% | -$59.7K |
2015 Q3
12 quarters
|
|
|
WFT
20
DELISTED
Weatherford International plc
WFT
| $933K | 1.18% |
344,389
+40,713
| +13% | +$119K |
2018 Q2
1 quarter
|
|
|
EVRI
21
DELISTED
Everi Holdings
EVRI
| $586K | 0.74% |
63,868
-239,676
| -79% | -$1.97M |
2018 Q1
2 quarters
|
|
22
PUT
iShares Russell 2000 ETF
IWM
$77.4B
| $33K | 0.04% |
184,500
-163,500
| -47% | -$27.6M |
2018 Q1
2 quarters
|
|
23
PUT
United States Oil Fund
USO
$1.68B
| $15K | 0.02% |
184,875
| – | – |
2017 Q3
4 quarters
|
|
|
24
CALL
Nabors Industries
NBR
$1.23B
| $9K | 0.01% |
4,216
| – | – |
2018 Q1
2 quarters
|
|
25
PUT
Invesco QQQ Trust
QQQ
$507B
| $6K | 0.01% |
86,600
+4,100
| +5% | +$742K |
2018 Q2
1 quarter
|
|
Similar funds
BCPE
HAM
BCA
BCM
MS
RA
AIIC
HFA
Covalent Partners's Q3 2018 Portfolio in Review
As of Q3 2018, Covalent Partners held 30 positions worth $79M, down 15% from $93.3M the previous quarter. Its ten largest holdings account for 70% of the portfolio.
Covalent Partners withdrew a net $9.97M in Q3 2018, closing 5 positions and reducing 11 holdings. Its most notable exit was Ally Financial, an estimated $4.55M position sold in full.
By sector, the portfolio is most concentrated in Energy at 49% of assets, up from 39% a quarter earlier, followed by Consumer Discretionary and Real Estate.
Against the trend, Covalent Partners opened a new position in Halliburton worth $3.44M.
- Covalent Partners's largest Q3 2018 buy was Halliburton: 84,800 shares worth $3.44M.
- Covalent Partners added most to NexTier Oilfield Solutions Inc. in Q3 2018, an estimated $1.43M increase.
- Covalent Partners's biggest Q3 2018 reduction was Superior Energy Services, Inc., cutting an estimated $2.4M.
- Covalent Partners fully exited Ally Financial in Q3 2018, selling an estimated $4.55M.
- Covalent Partners's ten largest holdings make up 70% of its $79M portfolio in Q3 2018.
- Covalent Partners opened 3 new positions and closed 5 in Q3 2018.
- Covalent Partners's portfolio value fell 15% quarter-over-quarter to $79M.
Based on Covalent Partners's 13F filing for Q3 2018, filed 14 Nov 2018.