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
-5.68%
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
$36.4M
AUM Growth
-$15.5M
Cap. Flow
-$50.1M
Cap. Flow %
-137.9%
Top 10 Hldgs %
95.58%
Holding
24
New
–
Increased
3
Reduced
8
Closed
9

Top Buys

Rank Stock Value
1
NEX
NexTier Oilfield Solutions Inc.
NEX
+$2.67M
2
PR
Permian Resources
PR
+$268K
3
NE
Noble Corporation
NE
+$68.3K

Top Sells

Rank Stock Value
1
HAL icon
Halliburton
HAL
+$3.05M
2
PUMP icon
ProPetro Holding
PUMP
+$2.53M
3
PTEN icon
Patterson-UTI
PTEN
+$2.46M
4
NINE
Nine Energy Service
NINE
+$2.4M
5
CNR
Cornerstone Building Brands, Inc.
CNR
+$2.38M

Sector Composition

Rank Sector Weight
1 Energy 40.34%
2 Real Estate 12.57%
3 Consumer Discretionary 8.47%
4 Industrials 8.32%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NEX
1
DELISTED
NexTier Oilfield Solutions Inc.
NEX
$7.47M 20.54%
1,232,340
+455,581
+59% +$2.67M
PXD
2
DELISTED
Pioneer Natural Resource Co.
PXD
$5.03M 13.84%
40,000
-600
-1% -$79.4K
GLPI icon
3
Gaming and Leisure Properties
GLPI
$12.8B
$4.57M 12.57%
119,569
-4,528
-4% -$174K
BRSL
4
Brightstar Lottery PLC
BRSL
$2.16B
$3.08M 8.47%
216,652
-75,000
-26% -$995K
CNR
5
DELISTED
Cornerstone Building Brands, Inc.
CNR
$3.02M 8.32%
500,000
-435,880
-47% -$2.38M
PR
6
Permian Resources
PR
$19.8B
$1.05M 2.88%
232,100
+50,000
+27% +$268K
NE
7
DELISTED
Noble Corporation
NE
$394K 1.08%
309,889
+40,000
+15% +$68.3K
NEXT icon
8
NextDecade
NEXT
$1.96B
$374K 1.03%
65,000
-30,000
-32% -$161K
NBR icon
9
Nabors Industries
NBR
$1.31B
$351K 0.97%
3,754
-7,376
-66% -$830K
USO icon
10
PUT
United States Oil Fund
USO
$2.07B
$325K 0.89%
102,500
-112,500
-52% -$10.6M
OIH icon
11
PUT
VanEck Oil Services ETF
OIH
$1.94B
$162K 0.45%
42,750
-65,500
-61% -$17M
HAL icon
12
Halliburton
HAL
$28.9B
– –
-134,000
Closed -$3.05M
HP icon
13
Helmerich & Payne
HP
$4.25B
– –
-10,000
Closed -$506K
HYG icon
14
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.6B
– –
-140,000
Closed -$6K
NINE
15
DELISTED
Nine Energy Service
NINE
– –
-138,339
Closed -$2.4M
PTEN icon
16
Patterson-UTI
PTEN
$4.52B
– –
-214,057
Closed -$2.46M
PUMP icon
17
ProPetro Holding
PUMP
$1.33B
– –
-122,272
Closed -$2.53M
SPY icon
18
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$819B
– –
-189,000
Closed -$346K
CRC
19
PUT
DELISTED
California Resources Corporation
CRC
– –
-70,000
Closed -$80K
SPN
20
DELISTED
Superior Energy Services, Inc.
SPN
– –
-20,468
Closed -$266K

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 Q3 2019 Portfolio in Review

As of Q3 2019, Covalent Partners held 24 positions worth $36.4M, down 30% from $51.8M the previous quarter. Its ten largest holdings account for 96% of the portfolio.

Covalent Partners withdrew a net $50.1M in Q3 2019, closing 9 positions and reducing 8 holdings. Its most notable exit was Halliburton, an estimated $3.05M position sold in full.

By sector, the portfolio is most concentrated in Energy at 40% of assets, down from 52% a quarter earlier, followed by Real Estate and Consumer Discretionary.

Against the trend, Covalent Partners added an estimated $2.67M to NexTier Oilfield Solutions Inc..

  • Covalent Partners added most to NexTier Oilfield Solutions Inc. in Q3 2019, an estimated $2.67M increase.
  • Covalent Partners's biggest Q3 2019 reduction was Cornerstone Building Brands, Inc., cutting an estimated $2.38M.
  • Covalent Partners fully exited Halliburton in Q3 2019, selling an estimated $3.05M.
  • Covalent Partners's ten largest holdings make up 96% of its $36.4M portfolio in Q3 2019.
  • Covalent Partners opened 0 new positions and closed 9 in Q3 2019.
  • Covalent Partners's portfolio value fell 30% quarter-over-quarter to $36.4M.

Based on Covalent Partners's 13F filing for Q3 2019, filed 14 Nov 2019.