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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
+5.99%
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
$114M
AUM Growth
+$56.7M
(+99%)
Cap. Flow
+$1.22M
Cap. Flow
% of AUM
1.07%
Top 10 Holdings %
Top 10 Hldgs %
72.33%
Holding
73
New
27
Increased
4
Reduced
4
Closed
14
Avg Time Held Equity + Options
1.3
quarters
Top 10 Avg Time Held Equity + Options
0.7
quarters
Top 20 Avg Time Held Equity + Options
2.2
quarters
Avg Time Held Equity only
1.3
quarters
Top 10 Avg Time Held Equity only
2.2
quarters
Top 20 Avg Time Held Equity only
2.3
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
ACII
Atlas Crest Investment Corp. II
ACII
|
+$2.51M |
| 2 |
CCVI
Churchill Capital Corp VI
CCVI
|
+$1.99M |
| 3 |
FAZE
FaZe Holdings Inc. Common Stock
FAZE
|
+$1.96M |
| 4 |
Boyd Gaming
BYD
|
+$1.73M |
| 5 |
D.R. Horton
DHI
|
+$1.69M |
Top Sells
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 56.26% |
| 2 | Financials | 16.87% |
| 3 | Consumer Discretionary | 8.55% |
| 4 | Industrials | 6.62% |
| 5 | Materials | 5% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
PUT
iShares Russell 2000 ETF
IWM
$77.4B
| $50.8M | 44.52% |
221,500
+147,000
| +197% | +$33.1M |
2020 Q1
5 quarters
|
|
2
CALL
SPDR Gold Trust
GLD
$142B
| $5.55M | 4.86% |
+33,500
| New | +$5.69M |
2021 Q2
0 quarters
|
|
3
UFP Industries
UFPI
$4.09B
| $4.98M | 4.36% |
67,000
+7,000
| +12% | +$553K |
2020 Q4
2 quarters
|
|
|
4
D.R. Horton
DHI
$37.7B
| $3.89M | 3.4% |
43,000
+18,000
| +72% | +$1.69M |
2021 Q1
1 quarter
|
|
5
Carnival Corporation Ltd
CCL
$35.4B
| $3.69M | 3.23% |
140,000
+10,000
| +8% | +$280K |
2020 Q4
2 quarters
|
|
6
CALL
Halliburton
HAL
$27.1B
| $3.36M | 2.95% |
+145,500
| New | +$3.23M |
2021 Q2
0 quarters
|
|
|
CNR
7
DELISTED
Cornerstone Building Brands, Inc.
CNR
| $3M | 2.63% |
165,000
-5,000
| -3% | -$80.5K |
2019 Q2
8 quarters
|
|
|
ACII
8
DELISTED
Atlas Crest Investment Corp. II
ACII
| $2.49M | 2.18% |
+255,000
| New | +$2.51M |
2021 Q2
0 quarters
|
|
|
AGAC
9
DELISTED
African Gold Acquisition Corp
AGAC
| $2.41M | 2.11% |
250,000
| – | – |
2021 Q1
1 quarter
|
|
|
NEX
10
DELISTED
NexTier Oilfield Solutions Inc.
NEX
| $2.38M | 2.09% |
500,000
-95,103
| -16% | -$418K |
2018 Q2
12 quarters
|
|
11
Delta Air Lines
DAL
$54B
| $2.36M | 2.07% |
54,500
| – | – |
2020 Q2
4 quarters
|
|
12
MVB Financial
MVBF
$375M
| $2.35M | 2.06% |
55,000
| – | – |
2020 Q4
2 quarters
|
|
|
CCVI
13
DELISTED
Churchill Capital Corp VI
CCVI
| $1.97M | 1.73% |
+200,000
| New | +$1.99M |
2021 Q2
0 quarters
|
|
|
FAZE
14
DELISTED
FaZe Holdings Inc. Common Stock
FAZE
| $1.96M | 1.72% |
+201,000
| New | +$1.96M |
2021 Q2
0 quarters
|
|
|
SLCR
15
DELISTED
Silver Crest Acquisition Corporation Class A Ordinary Share
SLCR
| $1.93M | 1.69% |
200,134
| – | – |
2021 Q1
1 quarter
|
|
16
Concrete Pumping Holdings
BBCP
$472M
| $1.91M | 1.67% |
225,000
| – | – |
2021 Q1
1 quarter
|
|
|
TMAC
17
DELISTED
The Music Acquisition Corporation
TMAC
| $1.69M | 1.48% |
175,000
| – | – |
2021 Q1
1 quarter
|
|
|
18
Boyd Gaming
BYD
$5.01B
| $1.69M | 1.48% |
+27,500
| New | +$1.73M |
2021 Q2
0 quarters
|
|
19
Howard Hughes
HHH
$4.4B
| $1.56M | 1.37% |
16,784
| – | – |
2021 Q1
1 quarter
|
|
|
COVA
20
DELISTED
COVA Acquisition Corp. Class A Ordinary Share
COVA
| $1.45M | 1.27% |
+150,000
| New | +$1.46M |
2021 Q2
0 quarters
|
|
|
SKYAU
21
DELISTED
Skydeck Acquisition Corp. Units
SKYAU
| $1.38M | 1.21% |
+137,700
| New | +$1.38M |
2021 Q2
0 quarters
|
|
|
BSN
22
DELISTED
Broadstone Acquisition Corp.
BSN
| $1.19M | 1.04% |
120,160
-208,040
| -63% | -$2.05M |
2020 Q4
2 quarters
|
|
|
SPKB
23
DELISTED
Silver Spike Acquisition Corp II Class A Ordinary Shares
SPKB
| $1.07M | 0.94% |
+110,000
| New | +$1.08M |
2021 Q2
0 quarters
|
|
|
TZPS
24
DELISTED
TZP Strategies Acquisition Corp. Class A Ordinary Share
TZPS
| $1.02M | 0.89% |
105,000
| – | – |
2021 Q1
1 quarter
|
|
|
EVOJ
25
DELISTED
Evo Acquisition Corp. Class A Common Stock
EVOJ
| $970K | 0.85% |
+100,000
| New | +$973K |
2021 Q2
0 quarters
|
|
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Covalent Partners's Q2 2021 Portfolio in Review
As of Q2 2021, Covalent Partners held 73 positions worth $114M, up 99% from $57.4M the previous quarter. Its ten largest holdings account for 72% of the portfolio.
Covalent Partners's Q2 2021 filing shows 27 new, 4 increased, 4 reduced and 14 closed positions. Its largest new stake was Atlas Crest Investment Corp. II: 255,000 shares worth $2.49M. The largest sale was Montes Archimedes Acquisition Corp. Class A Common Stock, an estimated $2.93M.
By sector, the portfolio is most concentrated in Miscellaneous at 56% of assets, up from 33% a quarter earlier, followed by Financials and Consumer Discretionary.
- Covalent Partners's largest Q2 2021 buy was Atlas Crest Investment Corp. II: 255,000 shares worth $2.49M.
- Covalent Partners added most to D.R. Horton in Q2 2021, an estimated $1.69M increase.
- Covalent Partners's biggest Q2 2021 reduction was Broadstone Acquisition Corp., cutting an estimated $2.05M.
- Covalent Partners fully exited Montes Archimedes Acquisition Corp. Class A Common Stock in Q2 2021, selling an estimated $2.93M.
- Covalent Partners's ten largest holdings make up 72% of its $114M portfolio in Q2 2021.
- Covalent Partners opened 27 new positions and closed 14 in Q2 2021.
- Covalent Partners's portfolio value rose 99% quarter-over-quarter to $114M.
Based on Covalent Partners's 13F filing for Q2 2021, filed 16 Aug 2021.