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
+4.96%
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
$118M
AUM Growth
+$168K
Cap. Flow
-$12.8M
Cap. Flow %
-10.8%
Top 10 Hldgs %
70.71%
Holding
68
New
5
Increased
4
Reduced
7
Closed
9

Top Buys

Rank Stock Value
1
HTZ icon
Hertz
HTZ
+$3.78M
2
CCL icon
Carnival Corporation Ltd
CCL
+$1.01M
3
DHI icon
D.R. Horton
DHI
+$494K
4
DAOO
Crypto 1 Acquisition Corp Class A Ordinary Shares
DAOO
+$492K
5
GTIM icon
Good Times Restaurants
GTIM
+$462K

Top Sells

Rank Stock Value
1
CNR
Cornerstone Building Brands, Inc.
CNR
+$3.23M
2
MVBF icon
MVB Financial
MVBF
+$2.28M
3
NEX
NexTier Oilfield Solutions Inc.
NEX
+$1.98M
4
UFPI icon
UFP Industries
UFPI
+$1.25M
5
FAZE
FaZe Holdings Inc. Common Stock
FAZE
+$1.01M

Sector Composition

Rank Sector Weight
1 Financials 12.2%
2 Industrials 8.87%
3 Consumer Discretionary 7.9%
4 Energy 5.23%
5 Materials 3.56%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IWM icon
1
PUT
iShares Russell 2000 ETF
IWM
$81.4B
$30.8M 26.06%
150,000
+55,000
+58% +$11.2M
EWG icon
2
PUT
iShares MSCI Germany ETF
EWG
$1.72B
$13.5M 11.41%
+475,000
New +$14.5M
USO icon
3
PUT
United States Oil Fund
USO
$2.07B
$8.29M 7.02%
111,900
-118,100
-51% -$7.94M
GLD icon
4
CALL
SPDR Gold Trust
GLD
$155B
$6.05M 5.12%
33,500
– –
DAL icon
5
Delta Air Lines
DAL
$54.2B
$4.39M 3.72%
111,000
-12,000
-10% -$467K
HTZ icon
6
Hertz
HTZ
$781M
$3.99M 3.37%
+180,000
New +$3.78M
DHI icon
7
D.R. Horton
DHI
$41.7B
$3.48M 2.94%
46,700
+5,700
+14% +$494K
UFPI icon
8
UFP Industries
UFPI
$4.92B
$3.47M 2.94%
45,000
-15,000
-25% -$1.25M
BYD icon
9
Boyd Gaming
BYD
$5.89B
$3.29M 2.78%
50,000
– –
HP icon
10
Helmerich & Payne
HP
$4.25B
$3M 2.53%
70,000
-23,000
-25% -$792K
CCL icon
11
Carnival Corporation Ltd
CCL
$35.2B
$2.02M 1.71%
100,000
+50,000
+100% +$1.01M
CCVI
12
DELISTED
Churchill Capital Corp VI
CCVI
$1.96M 1.66%
200,000
– –
ACII
13
DELISTED
Atlas Crest Investment Corp. II
ACII
$1.96M 1.66%
200,000
– –
AGAC
14
DELISTED
African Gold Acquisition Corp
AGAC
$1.96M 1.66%
200,000
– –
TMAC
15
DELISTED
The Music Acquisition Corporation
TMAC
$1.71M 1.44%
175,000
– –
HHH icon
16
Howard Hughes
HHH
$3.99B
$1.66M 1.4%
16,784
– –
BBCP icon
17
Concrete Pumping Holdings
BBCP
$474M
$1.51M 1.28%
225,000
– –
COVA
18
DELISTED
COVA Acquisition Corp. Class A Ordinary Share
COVA
$1.47M 1.24%
150,000
– –
SKYA
19
DELISTED
Skydeck Acquisition Corp. Class A Ordinary Shares
SKYA
$1.34M 1.13%
137,700
– –
TZPS
20
DELISTED
TZP Strategies Acquisition Corp. Class A Ordinary Share
TZPS
$1.03M 0.87%
105,000
– –
EVOJ
21
DELISTED
Evo Acquisition Corp. Class A Common Stock
EVOJ
$983K 0.83%
100,000
– –
SPKB
22
DELISTED
Silver Spike Acquisition Corp II Class A Ordinary Shares
SPKB
$978K 0.83%
99,900
-10,100
-9% -$98.7K
NEX
23
DELISTED
NexTier Oilfield Solutions Inc.
NEX
$910K 0.77%
98,500
-276,500
-74% -$1.98M
CRC icon
24
California Resources
CRC
$4.65B
$849K 0.72%
18,974
– –
PR
25
Permian Resources
PR
$19.8B
$807K 0.68%
100,000
– –
1
2 3

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 2022 Portfolio in Review

As of Q1 2022, Covalent Partners held 68 positions worth $118M, up 0.14% from $118M the previous quarter. Its ten largest holdings account for 71% of the portfolio.

Covalent Partners withdrew a net $12.8M in Q1 2022, closing 9 positions and reducing 7 holdings. Its most notable exit was Cornerstone Building Brands, Inc., an estimated $3.23M position sold in full.

By sector, the portfolio is most concentrated in Financials at 12% of assets, down from 14% a quarter earlier, followed by Industrials and Consumer Discretionary.

Against the trend, Covalent Partners opened a new position in Hertz worth $3.99M.

  • Covalent Partners's largest Q1 2022 buy was Hertz: 180,000 shares worth $3.99M.
  • Covalent Partners added most to Carnival Corporation Ltd in Q1 2022, an estimated $1.01M increase.
  • Covalent Partners's biggest Q1 2022 reduction was NexTier Oilfield Solutions Inc., cutting an estimated $1.98M.
  • Covalent Partners fully exited Cornerstone Building Brands, Inc. in Q1 2022, selling an estimated $3.23M.
  • Covalent Partners's ten largest holdings make up 71% of its $118M portfolio in Q1 2022.
  • Covalent Partners opened 5 new positions and closed 9 in Q1 2022.
  • Covalent Partners's portfolio value rose 0.14% quarter-over-quarter to $118M.

Based on Covalent Partners's 13F filing for Q1 2022, filed 16 May 2022.