Covalent Partners LLC
- SEC CIK
- 0001531611
- Latest filing
- May 15, 2026
Holdings in Q1 2023
Holdings as of Mar 31, 2023, filed May 15, 2023. Long positions only; changes compare share counts with Q4 2022.
- Positions
- 26
- −3 vs. Q4 2022
- Portfolio value
- $25.5M
- +$3.52M (+16.0%) vs. Q4 2022
| Security | Class | Shares | Value | % of portfolio | Share change | Action | History |
|---|---|---|---|---|---|---|---|
| Copa Holdings SA21720AAB8 | NOTE 4.500% 4/1 | – | $5.54M | 21.7% | – | – | – |
| iShares Tr464287440 | 7-10 YR TRSY BD | 43,639 | $4.33M | 16.9% | +43,639 | New | – |
| NCL Corp Ltd62886HAX9 | NOTE 5.375% 8/0 | – | $4.31M | 16.9% | – | – | – |
| DALDelta Air Lines, Inc. | COM NEW | 78,500 | $2.74M | 10.7% | +16,000+25.6% | Added | History |
| CCVIChurchill Capital Corp VI | COM CL A | 200,000 | $2.02M | 7.9% | 00.0% | Unchanged | History |
| LUVSouthwest Airlines Co | COM | 60,000 | $1.95M | 7.6% | +40,000+200.0% | Added | History |
| PRPermian Resources Corp | CLASS A COM | 100,000 | $1.05M | 4.1% | 00.0% | Unchanged | History |
| CRCCalifornia Resources Corp | COM STOCK | 18,974 | $730.5K | 2.9% | 00.0% | Unchanged | History |
| TASTCarrols Restaurant Group, Inc. | COM | 300,000 | $669.0K | 2.6% | +300,000 | New | History |
| NENoble Corp plc | ORD SHS A | 16,000 | $631.5K | 2.5% | +11,525+257.5% | Added | History |
| GTIMGood Times Restaurants Inc. | COM NEW | 146,924 | $401.1K | 1.6% | −22,236−13.1% | Reduced | History |
| PDEXPro Dex Inc | COM NEW | 20,421 | $335.1K | 1.3% | −4,579−18.3% | Reduced | History |
| BHCBausch Health Companies Inc. | Stock | 40,000 | $324.0K | 1.3% | −20,000−33.3% | Reduced | History |
| BLCOBausch & Lomb Corp | COMMON SHARES | 12,200 | $212.4K | 0.8% | 00.0% | Unchanged | History |
| Roivant Sciences Ltd.G76279119 | *W EXP 09/30/202 | 100,000 | $146.0K | 0.6% | 00.0% | Unchanged | – |
| TH International LtdG8656L114 | *W EXP 12/15/202 | 110,000 | $53.9K | 0.2% | 00.0% | Unchanged | – |
| Cipher Mining Inc17253J114 | *W EXP 10/22/202 | 100,000 | $34.0K | 0.1% | 00.0% | Unchanged | – |
| EVTWFVertical Aerospace Ltd. | *W EXP 09/15/202 | 164,100 | $28.7K | 0.1% | 00.0% | Unchanged | History |
| ECXWWECARX Holdings Inc. | *W EXP 12/20/202 | 75,000 | $11.3K | <0.1% | 00.0% | Unchanged | History |
| Evo Acquisition Corp30052G116 | *W EXP 01/04/202 | 50,000 | $8.00K | <0.1% | 00.0% | Unchanged | – |
| Churchill Capital Corp VI17143W119 | *W EXP 02/17/202 | 40,000 | $4.40K | <0.1% | 00.0% | Unchanged | – |
| Faze Holdings IN31423J110 | EQUITY WRT | 65,000 | $3.46K | <0.1% | 00.0% | Unchanged | – |
| Lumiradx LimitedG5709L117 | *W EXP 09/28/202 | 27,500 | $3.23K | <0.1% | 00.0% | Unchanged | – |
| AEAEWAltEnergy Acquisition Corp | *W EXP 10/29/202 | 22,500 | $1.80K | <0.1% | 00.0% | Unchanged | History |
| Skydeck Acquisition Corp.G82220115 | *W EXP 05/13/202 | 45,900 | $1.48K | <0.1% | 00.0% | Unchanged | – |
| Edify Acquisition Corp.28059Q111 | *W EXP 11/25/202 | 15,000 | $452 | <0.1% | 00.0% | Unchanged | – |
Options (1)
Puts and calls in the same filing. Amounts are the market value of the underlying shares, which is what 13F reports.
| Security | Class | Puts | Calls |
|---|---|---|---|
| SPYSPDR S&P 500 ETF Trust | ETF | – | $19.2M |
Sold out since Q4 2022 (5)
Positions held at the end of Q4 2022 that are gone from this filing.
| Security | Class | Shares in Q4 2022 | Value in Q4 2022 | % of portfolio in Q4 2022 | History |
|---|---|---|---|---|---|
| Southwest Airls Co844741BG2 | NOTE 1.250% 5/0 | – | $2.40M | 10.9% | – |
| RIGTransocean Ltd. | REGISTERED SHS | 250,000 | $1.14M | 5.2% | History |
| iShares Russell 2000 ETF464287655 | ETF | 6,000 | $1.05M | 4.8% | – |
| TZP Strategies Acquistn CorpG91595119 | *W EXP 01/06/202 | 35,000 | $858 | <0.1% | – |
| Silver Spike Acquisitn CorpG8201H113 | *W EXP 02/26/202 | 27,500 | $825 | <0.1% | – |