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Livermore
Livermore
ZHEN

Covalent Partners LLC

SEC CIK
0001531611
Latest filing
May 15, 2026

Holdings in Q1 2022

Holdings as of Mar 31, 2022, filed May 16, 2022. Long positions only; changes compare share counts with Q4 2021.

Institution overview
Positions
55
−4 vs. Q4 2021
Portfolio value
$59.6M
−$7.60M (−11.3%) vs. Q4 2021
Filed
May 16, 2022
SEC
Holdings of Covalent Partners LLC in Q1 2022
SecurityClassSharesValue% of portfolioShare changeActionHistory
Copa Holdings SA21720AAB8NOTE 4.500% 4/1–$5.28M8.9%–––
DALDelta Air Lines, Inc.COM NEW111,000$4.39M7.4%−12,000−9.8%ReducedHistory
NCL Corp Ltd62886HAX9NOTE 5.375% 8/0–$4.33M7.3%–––
HTZHertz Global Holdings, IncCOM NEW180,000$3.99M6.7%+180,000NewHistory
DHIHorton D R IncCOM46,700$3.48M5.8%+5,700+13.9%AddedHistory
UFPIUfp Industries IncCOM45,000$3.47M5.8%−15,000−25.0%ReducedHistory
BYDBoyd Gaming CorpCOM50,000$3.29M5.5%00.0%UnchangedHistory
HPHelmerich & Payne, Inc.COM70,000$3.00M5.0%−23,000−24.7%ReducedHistory
Southwest Airls Co844741BG2NOTE 1.250% 5/0–$2.71M4.6%–––
CCLCarnival Corp Ltd.UNIT 99/99/9999100,000$2.02M3.4%+50,000+100.0%AddedHistory
Atlas Crest Investment Corp049287105COM CL A200,000$1.96M3.3%00.0%Unchanged–
CCVIChurchill Capital Corp VICOM CL A200,000$1.96M3.3%00.0%UnchangedHistory
African Gold Acquisition CorG0112R108SHS CL A200,000$1.96M3.3%00.0%Unchanged–
TMACMusic Acquisition CorpCOM CLASS A175,000$1.71M2.9%00.0%UnchangedHistory
HHCHoward Hughes CorpCOM16,000$1.66M2.8%00.0%UnchangedHistory
BBCPConcrete Pumping Holdings, Inc.COM225,000$1.51M2.5%00.0%UnchangedHistory
COVA Acquisition Corp.G2554Y104CL A SHS150,000$1.47M2.5%00.0%Unchanged–
Skydeck Acquisition Corp.G82220123CLASS A ORD SHS137,700$1.34M2.2%00.0%Unchanged–
TZP Strategies Acquistn CorpG91595101CL A SHS105,000$1.03M1.7%00.0%Unchanged–
Evo Acquisition Corp30052G108COM CL A100,000$983.0K1.7%00.0%Unchanged–
Silver Spike Acquisitn CorpG8201H105CLASS A ORD SHS99,900$978.0K1.6%−10,100−9.2%Reduced–
NEXNextier Oilfield Solutions Inc.COM98,500$910.0K1.5%−276,500−73.7%ReducedHistory
CRCCalifornia Resources CorpCOM STOCK18,974$849.0K1.4%00.0%UnchangedHistory
PRPermian Resources CorpCL A100,000$807.0K1.4%00.0%UnchangedHistory
Monument Circle Acquisitn Co61531M101COM CL A75,000$734.0K1.2%00.0%Unchanged–
LUVSouthwest Airlines CoCOM13,000$595.0K1.0%−12,000−48.0%ReducedHistory
GTIMGood Times Restaurants Inc.COM NEW154,500$541.0K0.9%+109,000+239.6%AddedHistory
Crypto 1 Acquisition CorpG3168A102CLASS A ORD50,000$495.0K0.8%+50,000New–
NINENine Energy Service, Inc.COM125,201$468.0K0.8%+125,201NewHistory
AEAEAltEnergy Acquisition CorpCOM CL A45,000$448.0K0.8%00.0%UnchangedHistory
PDEXPro Dex IncCOM NEW20,000$331.0K0.6%00.0%UnchangedHistory
NENoble Corp plcEquities4,475$157.0K0.3%00.0%UnchangedHistory
EVTWFVertical Aerospace Ltd.*W EXP 09/15/202164,100$129.0K0.2%00.0%UnchangedHistory
Roivant Sciences Ltd.G76279119*W EXP 09/30/202100,000$88.0K0.1%00.0%Unchanged–
COINCoinbase Global, Inc.COM CL A400$76.0K0.1%00.0%UnchangedHistory
Cipher Mining Inc17253J114*W EXP 10/22/202100,000$68.0K0.1%00.0%Unchanged–
B Riley Principal 150 Merger05601V111*W EXP 03/01/20265,000$59.0K0.1%00.0%Unchanged–
Silver Crest Acquisition CorG81355128*W EXP 12/15/202110,000$50.0K0.1%00.0%Unchanged–
African Gold Acquisition CorG0112R124*W EXP 03/31/202187,500$38.0K0.1%00.0%Unchanged–
Churchill Capital Corp VI17143W119*W EXP 02/17/20240,000$25.0K<0.1%00.0%Unchanged–
Lumiradx LimitedG5709L117*W EXP 09/28/20227,500$24.0K<0.1%00.0%Unchanged–
Atlas Crest Investment Corp049287113*W EXP 02/03/20268,294$23.0K<0.1%00.0%Unchanged–
The Music Acquisition Corp62752R118*W EXP 02/05/20287,500$19.0K<0.1%00.0%Unchanged–
Skydeck Acquisition Corp.G82220115*W EXP 05/13/20245,900$16.0K<0.1%00.0%Unchanged–
COVA Acquisition Corp.G2554Y120*W EXP 02/05/20275,000$14.0K<0.1%00.0%Unchanged–
TZP Strategies Acquistn CorpG91595119*W EXP 01/06/20235,000$9.00K<0.1%00.0%Unchanged–
Evo Acquisition Corp30052G116*W EXP 01/04/20250,000$9.00K<0.1%00.0%Unchanged–
Silver Spike Acquisitn CorpG8201H113*W EXP 02/26/20227,500$9.00K<0.1%00.0%Unchanged–
Crypto 1 Acquisition CorpG3168A110*W EXP 04/30/20237,500$9.00K<0.1%+37,500New–
Monument Circle Acquisitn Co61531M119*W EXP 01/14/20237,500$8.00K<0.1%00.0%Unchanged–
Ithax Acquisition CorpG49775128*W EXP 02/01/20225,000$8.00K<0.1%00.0%Unchanged–
AEAEWAltEnergy Acquisition Corp*W EXP 10/29/20222,500$5.00K<0.1%00.0%UnchangedHistory
FTAC Athena Acquisition Corp.G37283119*W EXP 03/01/2026,700$4.00K<0.1%00.0%Unchanged–
Edify Acquisition Corp.28059Q111*W EXP 11/25/20215,000$2.00K<0.1%00.0%Unchanged–
Fusion Acquisition Corp. II36118N110*W EXP 02/29/2024,000$1.00K<0.1%00.0%Unchanged–

Options (4)

Puts and calls in the same filing. Amounts are the market value of the underlying shares, which is what 13F reports.

Option positions of Covalent Partners LLC in Q1 2022
SecurityClassPutsCalls
iShares Russell 2000 ETF464287655ETF$30.8M–
iShares Inc464286806MSCI GERMANY ETF$13.5M–
USOUnited States Oil Fund, LPUNITS$8.29M–
GLDSPDR Gold TrustETF–$6.05M

Sold out since Q4 2021 (8)

Positions held at the end of Q4 2021 that are gone from this filing.

Positions of Covalent Partners LLC sold out since Q4 2021
SecurityClassShares in Q4 2021Value in Q4 2021% of portfolio in Q4 2021History
Cornerstone Building Brands, Inc.21925D109COM185,000$3.23M4.8%–
MVBFMVB Financial CorpCOM55,000$2.28M3.4%History
Workday, Inc.98138HAF8NOTE 0.250%10/0–$1.86M2.8%–
B Riley Principal 150 Merger05601V103COM CL A100,000$1.01M1.5%–
Silver Crest Acquisition CorG81355102CL A SHS70,000$687.0K1.0%–
Crypto 1 Acquisition CorpG3168A128UNIT 04/30/202850,000$505.0K0.8%–
Ithax Acquisition CorpG49775102CL A SHS50,000$491.0K0.7%–
Novus Capital Corporation II67012W112*W EXP 02/02/20210,000$13.0K<0.1%–