Covalent Partners LLC
- SEC CIK
- 0001531611
- Latest filing
- May 15, 2026
Holdings in Q3 2023
Holdings as of Sep 30, 2023, filed Nov 14, 2023. Long positions only; changes compare share counts with Q2 2023.
- Positions
- 24
- −1 vs. Q2 2023
- Portfolio value
- $19.1M
- −$8.47M (−30.7%) vs. Q2 2023
| Security | Class | Shares | Value | % of portfolio | Share change | Action | History |
|---|---|---|---|---|---|---|---|
| NCL Corp Ltd62886HAX9 | NOTE 5.375% 8/0 | – | $4.65M | 24.3% | – | – | – |
| iShares Tr464287440 | 7-10 YR TRSY BD | 46,175 | $4.23M | 22.1% | +2,536+5.8% | Added | – |
| Nine Energy Service, Inc.65441VAC5 | DEBT 13.000%10/2 | – | $1.85M | 9.7% | – | New | – |
| CNKCinemark Holdings, Inc. | COM | 100,000 | $1.83M | 9.6% | +100,000 | New | History |
| PRPermian Resources Corp | CLASS A COM | 100,000 | $1.40M | 7.3% | 00.0% | Unchanged | History |
| DALDelta Air Lines, Inc. | COM NEW | 30,000 | $1.11M | 5.8% | −34,500−53.5% | Reduced | History |
| CRCCalifornia Resources Corp | COM STOCK | 18,974 | $1.06M | 5.6% | 00.0% | Unchanged | History |
| NENoble Corp plc | ORD SHS A | 16,000 | $810.4K | 4.2% | 00.0% | Unchanged | History |
| TASTCarrols Restaurant Group, Inc. | COM | 75,000 | $494.3K | 2.6% | −25,000−25.0% | Reduced | History |
| GTIMGood Times Restaurants Inc. | COM NEW | 146,924 | $437.8K | 2.3% | 00.0% | Unchanged | History |
| PDEXPro Dex Inc | COM NEW | 20,421 | $320.6K | 1.7% | 00.0% | Unchanged | History |
| SRFMSurf Air Mobility Inc. | COM | 150,000 | $244.5K | 1.3% | +150,000 | New | History |
| BLCOBausch & Lomb Corp | COMMON SHARES | 12,200 | $206.8K | 1.1% | 00.0% | Unchanged | History |
| Noble Corp PLCG65431135 | *W EXP 02/04/202 | 6,228 | $200.8K | 1.0% | 00.0% | Unchanged | – |
| Noble Corp PLCG65431150 | *W EXP 02/04/202 | 6,228 | $174.4K | 0.9% | 00.0% | Unchanged | – |
| THCHTH International Ltd | ORDINARY SHARES | 26,208 | $47.4K | 0.2% | 00.0% | Unchanged | History |
| Cipher Mining Inc17253J114 | *W EXP 10/22/202 | 100,000 | $42.8K | 0.2% | 00.0% | Unchanged | – |
| EVTWFVertical Aerospace Ltd. | *W EXP 09/15/202 | 164,100 | $15.9K | 0.1% | 00.0% | Unchanged | History |
| Churchill Capital Corp VI17143W119 | *W EXP 02/17/202 | 40,000 | $6.40K | <0.1% | 00.0% | Unchanged | – |
| ECXWWECARX Holdings Inc. | *W EXP 12/20/202 | 75,000 | $3.00K | <0.1% | 00.0% | Unchanged | History |
| AEAEWAltEnergy Acquisition Corp | *W EXP 10/29/202 | 22,500 | $1.66K | <0.1% | 00.0% | Unchanged | History |
| Faze Holdings IN31423J110 | EQUITY WRT | 65,000 | $1.01K | <0.1% | 00.0% | Unchanged | – |
| Lumiradx LimitedG5709L117 | *W EXP 09/28/202 | 27,500 | $993 | <0.1% | 00.0% | Unchanged | – |
| Edify Acquisition Corp.28059Q111 | *W EXP 11/25/202 | 15,000 | $350 | <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 |
|---|---|---|---|
| iShares Russell 2000 ETF464287655 | ETF | $12.1M | – |
Sold out since Q2 2023 (4)
Positions held at the end of Q2 2023 that are gone from this filing.
| Security | Class | Shares in Q2 2023 | Value in Q2 2023 | % of portfolio in Q2 2023 | History |
|---|---|---|---|---|---|
| Copa Holdings SA21720AAB8 | NOTE 4.500% 4/1 | – | $6.62M | 24.0% | – |
| LUVSouthwest Airlines Co | COM | 70,000 | $2.53M | 9.2% | History |
| BALYBally's Corp | COM | 45,000 | $700.2K | 2.5% | History |
| Roivant Sciences Ltd.G76279119 | *W EXP 09/30/202 | 100,000 | $248.0K | 0.9% | – |