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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
-9.25%
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
$20.2M
AUM Growth
-$7.1M
Cap. Flow
-$572K
Cap. Flow %
-2.83%
Top 10 Hldgs %
94%
Holding
19
New
2
Increased
3
Reduced
3
Closed
4
Avg Time Held Equity + Options
4.2 quarters
Top 10 Avg Time Held Equity + Options
1.6 quarters
Top 20 Avg Time Held Equity + Options
3.1 quarters
Avg Time Held Equity only
4.8 quarters
Top 10 Avg Time Held Equity only
2.2 quarters
Top 20 Avg Time Held Equity only
3.7 quarters

Top Buys

Rank Stock Value
1
CNK icon
Cinemark Holdings
CNK
+$1.45M
2
MCS icon
Marcus Corp
MCS
+$560K
3
AMC icon
AMC Entertainment Holdings
AMC
+$115K

Top Sells

Rank Stock Value
1
LGIH icon
LGI Homes
LGIH
+$733K
2
EPR icon
EPR Properties
EPR
+$554K
3
SEAT icon
Vivid Seats
SEAT
+$503K
4
EPR.PRC icon
EPR Properties 5.75% Series C Preferred Shares
EPR.PRC
+$223K
5
THCH icon
TH International
THCH
+$3

Sector Composition

Rank Sector Weight
1 Miscellaneous 65.88%
2 Communication Services 27.93%
3 Energy 6.11%
4 Consumer Discretionary 0.08%
5 Real Estate 0%
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
$3.99M 19.74%
+20,000
New +$4.34M
2025 Q1
0 quarters
SPY icon
2
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$833B
$3.08M 15.22%
+5,500
New +$3.23M
2025 Q1
0 quarters
CNK icon
3
Cinemark Holdings
CNK
$4.22B
$3.04M 15.02%
122,000
+52,000
+74% +$1.45M
2023 Q3
6 quarters
EPR.PRC icon
4
EPR Properties 5.75% Series C Preferred Shares
EPR.PRC
$131M
$1.97M 9.77%
85,562
-10,000
-10% -$223K
2024 Q4
1 quarter
MCS icon
5
Marcus Corp
MCS
$835M
$1.82M 9%
109,000
+29,000
+36% +$560K
2024 Q4
1 quarter
CRC icon
6
California Resources
CRC
$4.7B
$834K 4.13%
18,974
– –
2020 Q4
17 quarters
EPR.PRE icon
7
EPR Properties 9.00% Series E Preferred Shares
EPR.PRE
$104M
$600K 2.97%
20,000
– –
2024 Q4
1 quarter
SEAT icon
8
Vivid Seats
SEAT
$36.1M
$518K 2.56%
8,750
-6,250
-42% -$503K
2024 Q1
4 quarters
NE icon
9
Noble Corp
NE
$6.76B
$401K 1.99%
16,931
– –
2021 Q2
15 quarters
AMC icon
10
AMC Entertainment Holdings
AMC
$2.66B
$273K 1.35%
95,000
+35,000
+58% +$115K
2024 Q4
1 quarter
THCH icon
11
TH International
THCH
$32M
$15.4K 0.08%
5,241
-1
-0% -$3
2023 Q2
7 quarters
ECXWW
12
ECARX Holdings Warrants
ECXWW
$4.5K 0.02%
75,000
– –
2022 Q4
9 quarters
ALTG icon
13
PUT
Alta Equipment Group
ALTG
$207M
– –
-120,000
Closed -$785K –
EPR icon
14
EPR Properties
EPR
$4.19B
– –
-12,500
Closed -$554K –
IWM icon
15
CALL
iShares Russell 2000 ETF
IWM
$77.4B
– –
-55,000
Closed -$12.2M –
LGIH icon
16
LGI Homes
LGIH
$1.02B
– –
-8,200
Closed -$733K –

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BCA
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BCM
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Covalent Partners's Q1 2025 Portfolio in Review

As of Q1 2025, Covalent Partners held 19 positions worth $20.2M, down 26% from $27.3M the previous quarter. Its ten largest holdings account for 94% of the portfolio.

Covalent Partners's Q1 2025 filing shows 2 new, 3 increased, 3 reduced and 4 closed positions. The largest sale was LGI Homes, an estimated $733K.

By sector, the portfolio is most concentrated in Miscellaneous at 66% of assets, down from 69% a quarter earlier, followed by Communication Services and Energy.

  • Covalent Partners added most to Cinemark Holdings in Q1 2025, an estimated $1.45M increase.
  • Covalent Partners's biggest Q1 2025 reduction was Vivid Seats, cutting an estimated $503K.
  • Covalent Partners fully exited LGI Homes in Q1 2025, selling an estimated $733K.
  • Covalent Partners's ten largest holdings make up 94% of its $20.2M portfolio in Q1 2025.
  • Covalent Partners opened 2 new positions and closed 4 in Q1 2025.
  • Covalent Partners's portfolio value fell 26% quarter-over-quarter to $20.2M.

Based on Covalent Partners's 13F filing for Q1 2025, filed 15 May 2025.