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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
-0.03%
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
$26.6M
AUM Growth
-$15M
Cap. Flow
-$19.3M
Cap. Flow %
-72.64%
Top 10 Hldgs %
82.18%
Holding
19
New
8
Increased
1
Reduced
2
Closed
1

Top Buys

Rank Stock Value
1
UFPI icon
UFP Industries
UFPI
+$1.87M
2
ROCK icon
Gibraltar Industries
ROCK
+$1.69M
3
PENN icon
PENN Entertainment
PENN
+$1.41M
4
GCBC icon
Greene County Bancorp
GCBC
+$1.1M
5
CZR icon
Caesars Entertainment
CZR
+$677K

Top Sells

Rank Stock Value
1
AMC icon
AMC Entertainment Holdings
AMC
+$998K
2
EPR.PRC icon
EPR Properties 5.75% Series C Preferred Shares
EPR.PRC
+$761K

Sector Composition

Rank Sector Weight
1 Communication Services 20.58%
2 Consumer Discretionary 7.99%
3 Materials 6.51%
4 Industrials 6.39%
5 Financials 6.18%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IWM icon
1
PUT
iShares Russell 2000 ETF
IWM
$81.4B
$6.05M 22.78%
+25,000
New +$5.74M
MCS icon
2
Marcus Corp
MCS
$953M
$2.59M 9.76%
167,000
– –
CNK icon
3
Cinemark Holdings
CNK
$4.45B
$2.44M 9.18%
87,000
+10,000
+13% +$276K
UFPI icon
4
UFP Industries
UFPI
$4.92B
$1.73M 6.51%
+18,500
New +$1.87M
ROCK icon
5
Gibraltar Industries
ROCK
$1.37B
$1.7M 6.39%
+27,000
New +$1.69M
PENN icon
6
PENN Entertainment
PENN
$2.45B
$1.44M 5.44%
+75,000
New +$1.41M
EPR.PRC icon
7
EPR Properties 5.75% Series C Preferred Shares
EPR.PRC
$145M
$1.4M 5.27%
55,000
-30,562
-36% -$761K
GCBC icon
8
Greene County Bancorp
GCBC
$601M
$1.03M 3.89%
+45,671
New +$1.1M
CRC icon
9
California Resources
CRC
$4.65B
$1.01M 3.8%
18,974
– –
CZR icon
10
Caesars Entertainment
CZR
$6.04B
$676K 2.54%
+25,000
New +$677K
EPR.PRE icon
11
EPR Properties 9.00% Series E Preferred Shares
EPR.PRE
$112M
$631K 2.38%
20,000
– –
SRBK icon
12
SR Bancorp
SRBK
$143M
$608K 2.29%
+40,260
New +$586K
REGN icon
13
Regeneron Pharmaceuticals
REGN
$85.3B
$450K 1.69%
+800
New +$452K
AMC icon
14
AMC Entertainment Holdings
AMC
$2.38B
$435K 1.64%
150,000
-336,000
-69% -$998K
ECXWW
15
ECARX Holdings Warrants
ECXWW
$1.19M
$4.5K 0.02%
75,000
– –
HYG icon
16
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.6B
– –
-340,000
Closed -$27.4M

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HAM
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BCA
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BCM
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MS
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AIIC
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HFA
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Covalent Partners's Q3 2025 Portfolio in Review

As of Q3 2025, Covalent Partners held 19 positions worth $26.6M, down 36% from $41.6M the previous quarter. Its ten largest holdings account for 82% of the portfolio.

Covalent Partners withdrew a net $19.3M in Q3 2025, closing 1 position and reducing 2 holdings. Its largest reduction was AMC Entertainment Holdings, cutting an estimated $998K.

By sector, the portfolio is most concentrated in Communication Services at 21% of assets, up from 16% a quarter earlier, followed by Consumer Discretionary and Materials.

Against the trend, Covalent Partners opened a new position in UFP Industries worth $1.73M.

  • Covalent Partners's largest Q3 2025 buy was UFP Industries: 18,500 shares worth $1.73M.
  • Covalent Partners added most to Cinemark Holdings in Q3 2025, an estimated $276K increase.
  • Covalent Partners's biggest Q3 2025 reduction was AMC Entertainment Holdings, cutting an estimated $998K.
  • Covalent Partners's ten largest holdings make up 82% of its $26.6M portfolio in Q3 2025.
  • Covalent Partners opened 8 new positions and closed 1 in Q3 2025.
  • Covalent Partners's portfolio value fell 36% quarter-over-quarter to $26.6M.

Based on Covalent Partners's 13F filing for Q3 2025, filed 14 Nov 2025.