Covalent Partners LLC
- SEC CIK
- 0001531611
- Latest filing
- May 15, 2026
Holdings in Q4 2025
Holdings as of Dec 31, 2025, filed Feb 17, 2026. Long positions only; changes compare share counts with Q3 2025.
- Positions
- 11
- −6 vs. Q3 2025
- Portfolio value
- $11.4M
- −$9.07M (−44.2%) vs. Q3 2025
| Security | Class | Shares | Value | % of portfolio | Share change | Action | History |
|---|---|---|---|---|---|---|---|
| CNKCinemark Holdings, Inc. | COM | 84,500 | $1.96M | 17.2% | −2,500−2.9% | Reduced | History |
| PENNPENN Entertainment, Inc. | COM | 110,000 | $1.62M | 14.2% | +35,000+46.7% | Added | History |
| UFPIUfp Industries Inc | COM | 16,000 | $1.46M | 12.7% | −2,500−13.5% | Reduced | History |
| GCBCGreene County Bancorp Inc | COM | 63,000 | $1.40M | 12.3% | +17,329+37.9% | Added | History |
| Callaway Golf Co131193AE4 | NOTE 2.750% 5/0 | – | $993.8K | 8.7% | – | – | – |
| SRBKSR Bancorp, Inc. | COM | 60,000 | $944.4K | 8.3% | +19,740+49.0% | Added | History |
| Patk703343AG8 | 12/01/2028 | – | $848.5K | 7.4% | – | – | – |
| CRCCalifornia Resources Corp | COM STOCK | 18,974 | $848.3K | 7.4% | 00.0% | Unchanged | History |
| MCSMarcus Corp | COM | 50,000 | $775.5K | 6.8% | −117,000−70.1% | Reduced | History |
| ECBKECB Bancorp, Inc. | COM | 33,000 | $573.9K | 5.0% | +33,000 | New | History |
| ECXWWECARX Holdings Inc. | *W EXP 12/20/202 | 75,000 | $3.38K | <0.1% | 00.0% | Unchanged | History |
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 | $11.2M | – |
Sold out since Q3 2025 (7)
Positions held at the end of Q3 2025 that are gone from this filing.
| Security | Class | Shares in Q3 2025 | Value in Q3 2025 | % of portfolio in Q3 2025 | History |
|---|---|---|---|---|---|
| ROCKGibraltar Industries, Inc. | COM | 27,000 | $1.70M | 8.3% | History |
| EPR.PCEpr Properties | PFD C CV 5.75% | 55,000 | $1.40M | 6.8% | History |
| Sphere Entertainment Co.55826TAB8 | NOTE 3.500%12/0 | – | $945.0K | 4.6% | – |
| CZRCaesars Entertainment, Inc. | COM | 25,000 | $675.6K | 3.3% | History |
| EPR.PEEpr Properties | CONV PFD 9% SR E | 20,000 | $631.2K | 3.1% | History |
| REGNRegeneron Pharmaceuticals, Inc. | COM | 800 | $449.8K | 2.2% | History |
| AMCAMC Entertainment Holdings, Inc. | CL A NEW | 150,000 | $435.0K | 2.1% | History |