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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
+6.23%
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
$41.6M
AUM Growth
+$21.4M
(+106%)
Cap. Flow
-$3.83M
Cap. Flow
% of AUM
-9.2%
Top 10 Holdings %
Top 10 Hldgs %
99.99%
Holding
16
New
1
Increased
2
Reduced
1
Closed
5
Avg Time Held Equity + Options
4.3
quarters
Top 10 Avg Time Held Equity + Options
2.4
quarters
Top 20 Avg Time Held Equity + Options
3.4
quarters
Avg Time Held Equity only
4.7
quarters
Top 10 Avg Time Held Equity only
2.6
quarters
Top 20 Avg Time Held Equity only
3.8
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
AMC Entertainment Holdings
AMC
|
+$1.16M |
| 2 |
Marcus Corp
MCS
|
+$979K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Cinemark Holdings
CNK
|
+$1.36M |
| 2 |
Vivid Seats
SEAT
|
+$518K |
| 3 |
Noble Corp
NE
|
+$401K |
| 4 |
TH International
THCH
|
+$15.4K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 81.94% |
| 2 | Communication Services | 15.98% |
| 3 | Energy | 2.08% |
| 4 | Consumer Discretionary | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.3B
| $27.4M | 65.92% |
+340,000
| New | +$26.8M |
2025 Q2
0 quarters
|
|
|
2
Marcus Corp
MCS
$835M
| $2.82M | 6.77% |
167,000
+58,000
| +53% | +$979K |
2024 Q4
2 quarters
|
|
|
3
Cinemark Holdings
CNK
$4.22B
| $2.32M | 5.59% |
77,000
-45,000
| -37% | -$1.36M |
2023 Q3
7 quarters
|
|
4
EPR Properties 5.75% Series C Preferred Shares
EPR.PRC
$131M
| $2.14M | 5.15% |
85,562
| – | – |
2024 Q4
2 quarters
|
|
|
5
AMC Entertainment Holdings
AMC
$2.66B
| $1.51M | 3.62% |
486,000
+391,000
| +412% | +$1.16M |
2024 Q4
2 quarters
|
|
6
California Resources
CRC
$4.7B
| $867K | 2.08% |
18,974
| – | – |
2020 Q4
18 quarters
|
|
|
7
EPR Properties 9.00% Series E Preferred Shares
EPR.PRE
$104M
| $624K | 1.5% |
20,000
| – | – |
2024 Q4
2 quarters
|
|
|
ECXWW
8
ECARX Holdings Warrants
ECXWW
| $4.45K | 0.01% |
75,000
| – | – |
2022 Q4
10 quarters
|
|
9
PUT
iShares Russell 2000 ETF
IWM
$77.4B
| – | – |
-20,000
| Closed | -$3.99M | – |
|
|
10
Noble Corp
NE
$6.76B
| – | – |
-16,931
| Closed | -$401K | – |
|
|
11
Vivid Seats
SEAT
$36.1M
| – | – |
-8,750
| Closed | -$518K | – |
|
12
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$833B
| – | – |
-5,500
| Closed | -$3.08M | – |
|
|
13
TH International
THCH
$32M
| – | – |
-5,241
| Closed | -$15.4K | – |
|
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Covalent Partners's Q2 2025 Portfolio in Review
As of Q2 2025, Covalent Partners held 16 positions worth $41.6M, up 106% from $20.2M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Covalent Partners withdrew a net $3.83M in Q2 2025, closing 5 positions and reducing 1 holding. Its most notable exit was Vivid Seats, an estimated $518K position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 82% of assets, up from 66% a quarter earlier, followed by Communication Services and Energy.
Against the trend, Covalent Partners added an estimated $1.16M to AMC Entertainment Holdings.
- Covalent Partners added most to AMC Entertainment Holdings in Q2 2025, an estimated $1.16M increase.
- Covalent Partners's biggest Q2 2025 reduction was Cinemark Holdings, cutting an estimated $1.36M.
- Covalent Partners fully exited Vivid Seats in Q2 2025, selling an estimated $518K.
- Covalent Partners's ten largest holdings make up 100% of its $41.6M portfolio in Q2 2025.
- Covalent Partners opened 1 new position and closed 5 in Q2 2025.
- Covalent Partners's portfolio value rose 106% quarter-over-quarter to $41.6M.
Based on Covalent Partners's 13F filing for Q2 2025, filed 14 Aug 2025.