Covalent Partners LLC
- SEC CIK
- 0001531611
- Latest filing
- May 15, 2026
Holdings in Q4 2023
Holdings as of Dec 31, 2023, filed Feb 14, 2024. Long positions only; changes compare share counts with Q3 2023.
- Positions
- 23
- −1 vs. Q3 2023
- Portfolio value
- $18.3M
- −$859.2K (−4.5%) vs. Q3 2023
| Security | Class | Shares | Value | % of portfolio | Share change | Action | History |
|---|---|---|---|---|---|---|---|
| NCL Corp Ltd62886HAX9 | NOTE 5.375% 8/0 | – | $5.13M | 28.1% | – | – | – |
| iShares Tr464288513 | IBOXX HI YD ETF | 54,000 | $4.18M | 22.9% | +54,000 | New | – |
| iShares Russell 2000 ETF464287655 | ETF | 11,375 | $2.28M | 12.5% | +11,375 | New | – |
| DALDelta Air Lines, Inc. | COM NEW | 41,000 | $1.65M | 9.0% | +11,000+36.7% | Added | History |
| PRPermian Resources Corp | CLASS A COM | 100,000 | $1.36M | 7.4% | 00.0% | Unchanged | History |
| CRCCalifornia Resources Corp | COM STOCK | 18,974 | $1.04M | 5.7% | 00.0% | Unchanged | History |
| CNKCinemark Holdings, Inc. | COM | 60,000 | $845.4K | 4.6% | −40,000−40.0% | Reduced | History |
| PDEXPro Dex Inc | COM NEW | 15,653 | $274.2K | 1.5% | −4,768−23.3% | Reduced | History |
| GTIMGood Times Restaurants Inc. | COM NEW | 91,894 | $233.4K | 1.3% | −55,030−37.5% | Reduced | History |
| SRFMSurf Air Mobility Inc. | COM | 150,000 | $232.5K | 1.3% | 00.0% | Unchanged | History |
| NENoble Corp plc | ORD SHS A | 4,475 | $215.5K | 1.2% | −11,525−72.0% | Reduced | History |
| BLCOBausch & Lomb Corp | COMMON SHARES | 12,200 | $208.1K | 1.1% | 00.0% | Unchanged | History |
| CIFRCipher Digital Inc. | COM | 50,000 | $206.5K | 1.1% | +50,000 | New | History |
| Noble Corp PLCG65431135 | *W EXP 02/04/202 | 6,228 | $183.0K | 1.0% | 00.0% | Unchanged | – |
| Noble Corp PLCG65431150 | *W EXP 02/04/202 | 6,228 | $161.4K | 0.9% | 00.0% | Unchanged | – |
| THCHTH International Ltd | ORDINARY SHARES | 26,208 | $45.9K | 0.3% | 00.0% | Unchanged | History |
| NINENine Energy Service, Inc. | COM | 10,000 | $26.8K | 0.1% | +10,000 | New | History |
| EVTWFVertical Aerospace Ltd. | *W EXP 09/15/202 | 164,100 | $9.30K | 0.1% | 00.0% | Unchanged | History |
| ECXWWECARX Holdings Inc. | *W EXP 12/20/202 | 75,000 | $2.25K | <0.1% | 00.0% | Unchanged | History |
| AEAEWAltEnergy Acquisition Corp | *W EXP 10/29/202 | 22,500 | $833 | <0.1% | 00.0% | Unchanged | History |
| Faze Holdings IN31423J110 | EQUITY WRT | 65,000 | $280 | <0.1% | 00.0% | Unchanged | – |
| Lumiradx LimitedG5709L117 | *W EXP 09/28/202 | 27,500 | $237 | <0.1% | 00.0% | Unchanged | – |
| Edify Acquisition Corp.28059Q111 | *W EXP 11/25/202 | 15,000 | $216 | <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 | $4.62M | – |
Sold out since Q3 2023 (5)
Positions held at the end of Q3 2023 that are gone from this filing.
| Security | Class | Shares in Q3 2023 | Value in Q3 2023 | % of portfolio in Q3 2023 | History |
|---|---|---|---|---|---|
| iShares Tr464287440 | 7-10 YR TRSY BD | 46,175 | $4.23M | 22.1% | – |
| Nine Energy Service, Inc.65441VAC5 | DEBT 13.000%10/2 | – | $1.85M | 9.7% | – |
| TASTCarrols Restaurant Group, Inc. | COM | 75,000 | $494.3K | 2.6% | History |
| Cipher Mining Inc17253J114 | *W EXP 10/22/202 | 100,000 | $42.8K | 0.2% | – |
| Churchill Capital Corp VI17143W119 | *W EXP 02/17/202 | 40,000 | $6.40K | <0.1% | – |