Covalent Partners LLC
- SEC CIK
- 0001531611
- Latest filing
- May 15, 2026
Holdings in Q1 2025
Holdings as of Mar 31, 2025, filed May 15, 2025. Long positions only; changes compare share counts with Q4 2024.
- Positions
- 13
- −2 vs. Q4 2024
- Portfolio value
- $13.1M
- −$1.23M (−8.6%) vs. Q4 2024
| Security | Class | Shares | Value | % of portfolio | Share change | Action | History |
|---|---|---|---|---|---|---|---|
| CNKCinemark Holdings, Inc. | COM | 122,000 | $3.04M | 23.1% | +52,000+74.3% | Added | History |
| Patk703343AG8 | 12/01/2028 | – | $2.10M | 16.0% | – | New | – |
| EPR.PCEpr Properties | PFD C CV 5.75% | 85,562 | $1.97M | 15.0% | −10,000−10.5% | Reduced | History |
| MCSMarcus Corp | COM | 109,000 | $1.82M | 13.8% | +29,000+36.3% | Added | History |
| Callaway Golf Co131193AE4 | NOTE 2.750% 5/0 | – | $971.0K | 7.4% | – | New | – |
| CRCCalifornia Resources Corp | COM STOCK | 18,974 | $834.3K | 6.3% | 00.0% | Unchanged | History |
| Sphere Entertainment Co.55826TAB8 | NOTE 3.500%12/0 | – | $601.8K | 4.6% | – | – | – |
| EPR.PEEpr Properties | CONV PFD 9% SR E | 20,000 | $600.2K | 4.6% | 00.0% | Unchanged | History |
| SEATVivid Seats Inc. | COM CL A | 175,000 | $518.0K | 3.9% | −125,000−41.7% | Reduced | History |
| NENoble Corp plc | ORD SHS A | 16,931 | $401.3K | 3.1% | 00.0% | Unchanged | History |
| AMCAMC Entertainment Holdings, Inc. | CL A NEW | 95,000 | $272.6K | 2.1% | +35,000+58.3% | Added | History |
| THCHTH International Ltd | SHS NEW | 5,241 | $15.4K | 0.1% | 00.0% | UnchangedConverted for a 1-for-5 split | History |
| ECXWWECARX Holdings Inc. | *W EXP 12/20/202 | 75,000 | $4.50K | <0.1% | 00.0% | Unchanged | History |
Options (2)
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 | $3.99M | – |
| SPYSPDR S&P 500 ETF Trust | ETF | $3.08M | – |
Sold out since Q4 2024 (4)
Positions held at the end of Q4 2024 that are gone from this filing.
| Security | Class | Shares in Q4 2024 | Value in Q4 2024 | % of portfolio in Q4 2024 | History |
|---|---|---|---|---|---|
| Integer Hldgs Corp45826HAB5 | NOTE 2.125% 2/1 | – | $1.60M | 11.1% | – |
| Live Nation Entertainment IN538034AU3 | NOTE 2.000% 2/1 | – | $1.23M | 8.5% | – |
| LGIHLGI Homes, Inc. | COM | 8,200 | $733.1K | 5.1% | History |
| EPREpr Properties | COM SH BEN INT | 12,500 | $553.5K | 3.8% | History |