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
+2.72%
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
$22.9M
AUM Growth
-$8.35M
Cap. Flow
-$4.16M
Cap. Flow %
-18.18%
Top 10 Hldgs %
94.36%
Holding
28
New
4
Increased
1
Reduced
5
Closed
4
Avg Time Held Equity + Options
6 quarters
Top 10 Avg Time Held Equity + Options
2.5 quarters
Top 20 Avg Time Held Equity + Options
3.1 quarters
Avg Time Held Equity only
6.3 quarters
Top 10 Avg Time Held Equity only
3.2 quarters
Top 20 Avg Time Held Equity only
3.3 quarters

Top Buys

Rank Stock Value
1
HYG icon
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
+$4.03M
2
IWM icon
iShares Russell 2000 ETF
IWM
+$2.04M
3
DAL icon
Delta Air Lines
DAL
+$399K
4
CIFR icon
Cipher Digital
CIFR
+$152K
5
NINE
Nine Energy Service
NINE
+$28.9K

Top Sells

Rank Stock Value
1
IEF icon
iShares 7-10 Year Treasury Bond ETF
IEF
+$4.23M
2
CNK icon
Cinemark Holdings
CNK
+$622K
3
NE icon
Noble Corp
NE
+$539K
4
TAST
Carrols Restaurant Group, Inc.
TAST
+$494K
5
GTIM icon
Good Times Restaurants
GTIM
+$144K

Sector Composition

Rank Sector Weight
1 Miscellaneous 72.34%
2 Energy 11.53%
3 Industrials 8.22%
4 Communication Services 3.69%
5 Healthcare 2.11%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
IWM icon
1
PUT
iShares Russell 2000 ETF
IWM
$77.4B
$4.62M 20.16%
23,000
-45,500
-66% -$8.15M
2023 Q3
1 quarter
HYG icon
2
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.3B
$4.18M 18.25%
+54,000
New +$4.03M
2023 Q4
0 quarters
IWM icon
3
iShares Russell 2000 ETF
IWM
$77.4B
$2.28M 9.97%
+11,375
New +$2.04M
2023 Q4
0 quarters
DAL icon
4
Delta Air Lines
DAL
$54B
$1.65M 7.2%
41,000
+11,000
+37% +$399K
2020 Q2
14 quarters
PR
5
Permian Resources
PR
$19.3B
$1.36M 5.94%
100,000
– –
2018 Q3
21 quarters
CRC icon
6
California Resources
CRC
$4.7B
$1.04M 4.53%
18,974
– –
2020 Q4
12 quarters
CNK icon
7
Cinemark Holdings
CNK
$4.22B
$845K 3.69%
60,000
-40,000
-40% -$622K
2023 Q3
1 quarter
PDEX icon
8
Pro-Dex
PDEX
$202M
$274K 1.2%
15,653
-4,768
-23% -$79.7K
2021 Q3
9 quarters
GTIM icon
9
Good Times Restaurants
GTIM
$15.4M
$233K 1.02%
91,894
-55,030
-37% -$144K
2021 Q4
8 quarters
SRFM icon
10
Surf Air Mobility
SRFM
$126M
$233K 1.02%
21,429
– –
2023 Q3
1 quarter
NE icon
11
Noble Corp
NE
$6.76B
$216K 0.94%
4,475
-11,525
-72% -$539K
2021 Q2
10 quarters
BLCO icon
12
Bausch + Lomb
BLCO
$6.18B
$208K 0.91%
12,200
– –
2022 Q4
4 quarters
CIFR icon
13
Cipher Digital
CIFR
$5.61B
$207K 0.9%
+50,000
New +$152K
2023 Q4
0 quarters
NE.WS icon
14
Noble Corporation PLC Tranche 1 Warrants
NE.WS
$3.66B
$183K 0.8%
6,228
– –
2023 Q2
2 quarters
NE.WS.A icon
15
Noble Corporation PLC Tranche 2 Warrants
NE.WS.A
$3.04B
$161K 0.7%
6,228
– –
2023 Q2
2 quarters
THCH icon
16
TH International
THCH
$32M
$45.9K 0.2%
5,242
– –
2023 Q2
2 quarters
NINE
17
DELISTED
Nine Energy Service
NINE
$26.8K 0.12%
+10,000
New +$28.9K
2023 Q4
0 quarters
EVTL.WS
18
DELISTED
Vertical Aerospace Ltd. Warrants, each whole warrant exercisable for 1/10th of an ordinary share at an exercise price of $115.00 per share
EVTL.WS
$9.3K 0.04%
164,100
– –
2021 Q4
8 quarters
ECXWW
19
ECARX Holdings Warrants
ECXWW
$2.25K 0.01%
75,000
– –
2022 Q4
4 quarters
AEAEW
20
DELISTED
AltEnergy Acquisition Corp Warrant
AEAEW
$833 ﹤0.01%
22,500
– –
2021 Q4
8 quarters
FAZEW
21
DELISTED
FaZe Holdings Inc. Warrant
FAZEW
$280 ﹤0.01%
65,000
– –
2021 Q2
10 quarters
LMDXW
22
DELISTED
LumiraDx Limited Warrant
LMDXW
$237 ﹤0.01%
27,500
– –
2021 Q3
9 quarters
EACPW
23
DELISTED
Edify Acquisition Corp. Warrant
EACPW
$216 ﹤0.01%
15,000
– –
2021 Q1
11 quarters
CIFRW
24
DELISTED
Cipher Mining Warrant
CIFRW
– –
-100,000
Closed -$42.8K –
IEF icon
25
iShares 7-10 Year Treasury Bond ETF
IEF
$41.5B
– –
-46,175
Closed -$4.23M –
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 Q4 2023 Portfolio in Review

As of Q4 2023, Covalent Partners held 28 positions worth $22.9M, down 27% from $31.3M the previous quarter. Its ten largest holdings account for 94% of the portfolio.

Covalent Partners withdrew a net $4.16M in Q4 2023, closing 4 positions and reducing 5 holdings. Its most notable exit was iShares 7-10 Year Treasury Bond ETF, an estimated $4.23M position sold in full.

By sector, the portfolio is most concentrated in Miscellaneous at 72% of assets, down from 75% a quarter earlier, followed by Energy and Industrials.

Against the trend, Covalent Partners opened a new position in iShares iBoxx $ High Yield Corporate Bond ETF worth $4.18M.

  • Covalent Partners's largest Q4 2023 buy was iShares iBoxx $ High Yield Corporate Bond ETF: 54,000 shares worth $4.18M.
  • Covalent Partners added most to Delta Air Lines in Q4 2023, an estimated $399K increase.
  • Covalent Partners's biggest Q4 2023 reduction was Cinemark Holdings, cutting an estimated $622K.
  • Covalent Partners fully exited iShares 7-10 Year Treasury Bond ETF in Q4 2023, selling an estimated $4.23M.
  • Covalent Partners's ten largest holdings make up 94% of its $22.9M portfolio in Q4 2023.
  • Covalent Partners opened 4 new positions and closed 4 in Q4 2023.
  • Covalent Partners's portfolio value fell 27% quarter-over-quarter to $22.9M.

Based on Covalent Partners's 13F filing for Q4 2023, filed 14 Feb 2024.